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Philippines' broadband firm Converge ICT files for up to $725 mln IPO
Nasdaq - 2020-07-03
Philippines' Converge ICT Solutions Inc, a fiber broadband services provider, on Friday filed for an initial public offering (IPO) of up to 35.92 billion pesos ($725 million) on the local bourse, the corporate regulator said.

Converge ICT applies for P35.9B IPO
Philippine Daily Inquirer - 2020-07-03
Fiber internet and other digital service provider Converge ICT Solutions Inc. filed an application at the Securities and Exchange Commission for an initial public offering (IPO) worth as much as

Mostly from China: P244-M worth of smuggled PPEs, fake medicines seized during height of COVID-19 lockdown
Philippine Daily Inquirer - 2020-07-03
Despite the health crisis inflicted by COVID-19, some unscrupulous importers tried to take advantage and brought in over P244 million in smuggled or fake personal protective

MultiSys launches SchoolBox platform for Philippine academe - 2020-07-03
Multisys Technologies Corporation launched its SchoolBox platform to support online distance learning modalities.

SMC opens Mandaluyong COVID-19 testing hub
Philippine Daily Inquirer - 2020-07-03
Conglomerate San Miguel Corp. inaugurated on Friday a new coronavirus (COVID-19) testing laboratory in Mandaluyong with an initial capacity of 4,000 tests per day using reverse transcription

Salon, barbershop services no longer limited to haircuts in GCQ areas
CNN Philippines - 2020-07-03
The Department of Trade and Industry is set to issue complete guidelines on the gradual resumption of these establishments.

NBI files charges vs condo management for confining nurses to their units - 2020-07-03
The National Bureau of Investigation said it filed criminal complaints against officials of a condominium in Quezon City for allegedly confining three nurses to their unit despite being cleared from COVID-19.

UCPB OIC named
Philippine Daily Inquirer - 2020-07-03
A career official at state-owned Land Bank of the Philippines has been appointed officer-in-charge (OIC) of United Coconut Planters Bank. Veteran banker Liduvino Geron assumed the position of

2 frontliners killed, 4 hurt in quarantine checkpoint attacks - 2020-07-03
A militiaman and a police master sergeant were killed while other four frontliners were hurt in separate attacks on quarantine checkpoints in central Mindanao Thursday.

Thousands of LSIs to be sent off this weekend -- DILG
CNN Philippines - 2020-07-03
Thousands of locally stranded individuals will sent back to their respective provinces this weekend, the Department of the Interior and Local Government said on Friday.

Anti-terrorism bill problematic even under the best gov't leaders - Hontiveros
CNN Philippines - 2020-07-03
The senator told CNN Philippines' The Source that the controversial bill - touted to be prone to abuse by law enforcers just to silence dissent - should not see enactment even under the most humane and transparent regimes.

More people allowed to attend religious gatherings in GCQ areas starting July 10
CNN Philippines - 2020-07-03
Churches and similar places of worship in GCQ areas are allowed to welcome 10 percent of their total capacity in their premises starting July 10.

ABS-CBN defends its compromise agreement with BIR
CNN Philippines - 2020-07-03
CBN Broadcasting Corporation said there was nothing wrong with the compromise agreement it entered into with the Bureau of Internal Revenue in 2019, saying all tax payers can apply for remedy under the law.

Lost trail of suspected bombers due to Sulu shooting alarms Palace
Philippine Daily Inquirer - 2020-07-03
Malacañang on Friday expressed concern about reports that the military had lost track of two suspected bombers due to the killing of four of its intelligence operatives by the

Coast Guard shifts to retrieval operations in search for Filipinos missing in Mindoro waters
CNN Philippines - 2020-07-03
PCG shifts to a search and retrieval operation, an indication of fading hopes of finding alive the 12 Filipino fishermen and 2 passengers of fishing vessel Liberty 5.

Group renews call for stricter inspection of agri products amid new swine flu
Philippine Daily Inquirer - 2020-07-03
An umbrella organization for agricultural stakeholders renewed its call on the Department of Agriculture (DA) to implement the First Border Policy as a new strain of hog

Angara eyes compensation for all virus-hit health care workers
Philippine Daily Inquirer - 2020-07-03
MANILA, Philippines -- The P100,000-compensation to healthcare workers who fell severely ill from the coronavirus disease (COVID-19) provided under the Bayanihan to Heal as One Act can be expanded to

Cleanfuel adapts to "New Normal" ensures safety to all customers
Philippine Daily Inquirer - 2020-07-03
While Filipinos are slowly adjusting and coping with the challenges brought by the Covid-19 pandemic, Cleanfuel, the leading independent oil company, ensures all its customers that the

Confirmed coronavirus cases are rising in 40 of 50 US states
Philippine Daily Inquirer - 2020-07-03
Arizona, California, Florida and Texas -- reported a combined 25,000 new confirmed coronavirus cases Thursday as the infection curve rose in 40

PH Embassy in Kuwait halts on-site services after staffer gets coronavirus
Philippine Daily Inquirer - 2020-07-03
The Philippine Embassy in Kuwait has suspended for two weeks its on-site services after one of its staff members tested positive for the new coronavirus. "In accordance

Asian shares advance following upbeat US jobs report
Philippine Daily Inquirer - 2020-07-03
Markets advanced in Asia on Friday following a Wall Street rally driven by strong jobs data. Tokyo's Nikkei 225 index picked up 0.3% to 22,220.33, while the Shanghai Composite

Alert Level 2 still up over Mayon Volcano after magmatic activity recorded - 2020-07-03
The volcano has been exhibiting moderate unrest for over two years now and entry into its six kilometer-radius Permanent Danger Zone (PDZ) continues to be strictly prohibited. Mayon is the country's most active volcano.

Phivolcs logs magmatic activity beneath Mayon Volcano, maintains Alert Level 2 over the area - 2020-07-03
The volcano has been exhibiting moderate unrest for over two years now and entry into its six kilometer-radius Permanent Danger Zone (PDZ) continues to be strictly prohibited. Mayon is the country's most active volcano.

DOH: PH can prevent entry of new swine flu strain with pandemic potential
CNN Philippines - 2020-07-03
We want to prevent it from entering the country -- much like any novel disease like the coronavirus,' the DOH-Epidemiology Bureau says.

M Lhuillier backs frontliners in the fight against COVID-19
Philippine Daily Inquirer - 2020-07-03
M Lhuillier Financial Services, Inc. (M Lhuillier), the leading non-bank financial institution in the Philippines, continues to go above and beyond its commitment to serve Filipinos amid this health

ITCZ to bring scattered rainshowers in Mindanao, parts of Visayas, Mimaropa
Philippine Daily Inquirer - 2020-07-03
Flash floods or landslides may occur in these areas during moderate to at times heavy rainshowers, Pagasa warned in its 4 a.m. weather forecast. The rest of the country will have partly cloudy to ...

BIR, BOC collection up in June, but below targets
Philippine Daily Inquirer - 2020-07-02
Revenue collection by the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) improved in June but their six-month take was still lower year-on-year and below target due largely to the ...

Stocks rise on jobs data, S&P 500 ends week with solid gain
Philippine Daily Inquirer - 2020-07-02
Stocks closed broadly higher on Wall Street Thursday as investors welcomed a report showing the U.S. job market continues to climb out of the crater created by the coronavirus

Foreign help eyed in search for missing fishermen - 2020-07-02
He said a search and rescue operation usually takes seven days before being concluded, depending on sea conditions and the weather. Rescue teams from the Philippine Navy, Bureau of Fisheries and ...

DOH: No wakes for OFWs who died of coronavirus in Saudi
Philippine Daily Inquirer - 2020-07-02
The Department of Health (DOH) on Thursday said the remains of overseas Filipino workers (OFWs) who died of the new coronavirus disease (COVID-19) in Saudi Arabia should be buried immediately once

SEC plans to ease low-risk investor rules
Philippine Daily Inquirer - 2020-07-02
Citing the need to democratize investing and achieve financial inclusion in the Philippines, the Securities and Exchange Commission (SEC) plans to simplify the onboarding of Filipino investors

The simplest way to help PH survive a recession
Philippine Daily Inquirer - 2020-07-02
At this time when the eco­nomy has been shattered by the new coronavirus disease (COVID-19) pandemic and local businesses of all sizes are desperate for revenues to keep their enterprises

LTG cautious on 2020 business prospects
Philippine Daily Inquirer - 2020-07-02
Tycoon Lucio Tan-led conglomerate LT Group Inc. (LTG) is bracing for a tougher period for its tobacco, liquor, property and banking businesses for the remainder of 2020, during which the domestic

P1-B CARES fund not enough; DTI seeks another P3.5B
Philippine Daily Inquirer - 2020-07-02
The P1-billion loan program for struggling micro and small enterprises is expected to run out this month due to brisk demand, prompting the Department of Trade and Industry (DTI) to seek another P3.5

Ayala to draw $60M more from lucrative climate bond offer
Philippine Daily Inquirer - 2020-07-02
Ayala Corp. unit AC Energy Inc. has launched through private placement a $60-million tap on its five-year senior green bonds due 2024. The Hongkong and Shanghai Banking Corp. Ltd. was engaged as

South Korea Financial Markets
Philippine Daily Inquirer - 2020-07-02
Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 2, 2020. Asian stock markets followed Wall Street ...

Goanna Solutions to deliver AWS re/Start training program in Australia
ZDNet - 2020-07-02
Goanna Solutions has teamed up with Amazon Web Services (AWS) to launch a new digital skills training program that prepares unemployed, underemployed, and people in between work for careers in cloud computing,

Tesla to make molecule printers for COVID-19 vaccine developer CureVac
Reuters - 2020-07-02
Tesla Inc is building mobile molecule printers to help make the potential COVID-19 vaccine being developed by CureVac in Germany, the electric-car maker's CEO Elon Musk tweeted on Wednesday.

Velodyne becomes latest tech company to go public using a SPAC, eschewing the traditional IPO path
TechCrunch - 2020-07-02
Velodyne Lidar, the leading supplier of a sensor widely considered critical to the commercial deployment of autonomous vehicles, said Thursday it has struck a deal to merge with special-purpose acquisition company Graf Industrial Corp.

This tiny cable can charge all of your devices -- Future Blink
Mashable - 2020-07-02
Be that friend who always has a charger.

Saudi-led coalition launches new strikes on Yemeni capital
Philippine Daily Inquirer - 2020-07-02
CAIRO -- The Saudi-led coalition fighting Iran-backed rebels in Yemen said Thursday that it unleashed a new air campaign on the war-torn country's capital and on other provinces, in

This leather is made out of cacti -- Future Blink
Mashable - 2020-07-02
Desserto was designed to change the world of leather by being made from cacti and being partially biodegradable.

HIV Does Not Appear to Worsen COVID-19 Outcomes
Medscape - 2020-07-02
Most reports show that the risk for death from COVID-19 is no higher in people living with HIV than in those who are not, which means that standard social-distancing measures should be sufficient.

Epstein friend accused of recruiting girls for sex arrested
Philippine Daily Inquirer - 2020-07-02
British socialite Ghislaine Maxwell was arrested Thursday on charges she helped recruit three girls -- one as young as 14 -- to have sex with financier Jeffrey Epstein, who was

One-bedroom rent prices in San Francisco plummeted last month, and it points to a trend the coronavirus pandemic only accelerated
Business Insider - 2020-07-02
Zumper found that San Francisco saw the biggest year-over-year decrease in median one-bedroom rent the site has ever recorded.

Palantir has raised more than $500 million in fresh funding as the secretive and controversial startup works toward a possible IPO
Business Insider - 2020-07-02
The highly secretive and controversial data-analytics startup made the disclosure in a regulatory filing Wednesday.

Florida again breaks daily virus case record at more than 10,000
Philippine Daily Inquirer - 2020-07-02
Florida on Thursday reported a record of more than 10,000 new coronavirus cases, as it struggles to rein in the virus's spread, blamed in part on young people

Better Pregnancy Spacing Would Aid Those With Gestational Diabetes
Medscape - 2020-07-02
Women with gestational diabetes had shorter intervals between pregnancies than those who didn't have the condition, which may impact on outcomes, researchers say.

San Juan's Agora market to stay closed until COVID-19 test results of all vendors, workers are out -- mayor
CNN Philippines - 2020-07-02
The San Juan City government will wait until all the COVID-19 test results of the more than 600 vendors and workers are available before it decides when it will reopen the city's main public market.

Alibaba Cloud announces business expansion in Southeast Asia
Big News - 2020-07-02
Alibaba Cloud the cloud computing arm of China internet giant Alibaba on Thursday announced the building of its third data center

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