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Over 12K OFWs bound for Hong Kong amid coronavirus pandemic
Philippine Daily Inquirer - 2020-06-24
Over 12,000 overseas Filipino workers are bound for Hong Kong over the next few weeks despite the threat of the coronavirus disease and ongoing local

OWWA faces bankruptcy by end of 2021 if pandemic continues to displace OFWs
Philippine Daily Inquirer - 2020-06-24
The Overseas Workers Welfare Administration (OWWA) is fearing bankruptcy by the end of 2021 if the coronavirus pandemic continues to displace overseas Filipino workers

Business leaders unite for 11th Asia CEO Awards - 2020-06-24
The largest business awards in the Asia Pacific Region continues its mission of celebrating grand achievements for nation-building.

Business leaders unite for 11th Asia CEO Awards - 2020-06-24
MANILA, Philippines -- The Asia CEO Awards (ACA) brought together over a hundred industry leaders and top executives during its virtual launch last June 18. Now on its 11th year, the largest ...

DTI eases purchase limits for masks, food, alcohol as supply improves
CNN Philippines - 2020-06-24
Metro Manila (CNN Philippines, June 24) - Shoppers can now buy canned goods, disinfectants, and face masks in bigger quantities. Trade Secretary Ramon Lopez said Wednesday that purchase limits ...

Cimatu has free hand to address COVID-19 situation in Cebu City -- Palace
Philippine Daily Inquirer - 2020-06-24
Environment Secretary Roy Cimatu has a free hand to do whatever is needed to address the COVID-19 situation in Cebu, including tapping the military to contain the coronavirus

Olongapo mayor sued for 'repeatedly' violating task force rules - 2020-06-24
The Department of the Interior and Local Government filed a complaint against Olongapo City Mayor Rolen Paulino Jr. for his alleged "repeated" violation of Inter-Agency Task Force on the Management of Emerging Infectious Diseases rules.

PSE office, trading floor shut for a day after employee tests positive for COVID-19
CNN Philippines - 2020-06-24
The Philippine Stock Exchange closes its headquarters and trading floor in Taguig for 24 hours to decontaminate the premises after an employee tested positive for COVID-19. Trading will not be affected,

PSE office, trading floor shut for a day after employee tests positive for COVID-19
CNN Philippines - 2020-06-24
The Philippine Stock Exchange closes its headquarters and trading floor in Taguig for 24 hours to decontaminate the premises after an employee tested positive for COVID-19. Trading will not be affected,

Internet users react to Gwen Garcia's alleged 'doctor-shaming' video - 2020-06-24
MANILA, Philippines -- Cebu Governor Gwendolyn Garcia has been accused of abusing her power once again. This time, the public official ironically finds herself in hot water after blowing off ...

The Segway is officially over
CNN Philippines - 2020-06-24
The Segway PT, which earned a place in pop culture but never realized its creators' world-changing ambitions, will come to an end this summer.

Saso kicks off LPGA of Japan Tour - 2020-06-24
MANILA, Philippines -- Yuka Saso sets out against some of the best and the brightest in the region in the Earth Mondahmin Cup Thursday, thrilled more than anxious in her maiden stint in the tough ...

Pope Francis appoints new Cagayan de Oro archbishop
CNN Philippines - 2020-06-24
Pope Francis has named Bishop Jose Cabantan as the new archbishop of Cagayan de Oro, the Vatican's news service reported Tuesday. Cabantan, currently the bishop of Malaybalay, Bukidnon, will succeed Reverend Father Antonio Ledesma,

Construction site in BGC put on lockdown due to COVID-19 infected workers
CNN Philippines - 2020-06-24
Six out of the 27 workers in a construction site in Bonifacio Global City test positive of COVID-19, according to the Taguig city government

Apple's iOS 14 borrows some features from Android
CNN Philippines - 2020-06-23
Some of Apple's latest changes to the iPhone experience will look very familiar to Android users. On Monday, Apple unveiled a long list of updates coming to its newest iPhone operating system, iOS 14,

P30B in reissued T-bonds fetch 3.182%
Philippine Daily Inquirer - 2020-06-23
The Bureau of the Treasury fully awarded all P30 billion in bonds it offered on Tuesday as bid rates declined amid robust demand. The Treasury sold the reissued 10-year IOUs at an average annual

Environmentalists alarmed after Guiting-Guiting road appears in budget documents
Philippine Daily Inquirer - 2020-06-23
A road project that would have traversed a portion of the biodiversity-rich Mt. Guiting-Guiting Natural Park in Romblon province has "reappeared" in the 2020 national government budget and

PNB braces for tougher business environment
Philippine Daily Inquirer - 2020-06-23
Bracing for a tougher operating environment amid the lingering coronavirus pandemic, tycoon Lucio Tan-led Philippine National Bank is raising credit loss buffer, liquidity ratios and loan collateral

Broader role set for BSP-led council
Philippine Daily Inquirer - 2020-06-23
A central bank-led government group in charge of insulating the local financial system from internal and external market shocks yesterday said its member-agencies have adopted a broader, more

An Uber security contractor reportedly tackled a Black teen girl riding a Jump bike after the company hired the guards to recover stolen bikes
Business Insider - 2020-06-23
An employee told Vice that Uber's security contractors physically restrained people on multiple occasions while trying to retrieve the bikes.

Facebook discontinues the Oculus Go VR headset
ZDNet - 2020-06-23
An executive guide to the technology and market drivers behind the hype in AR, VR, and MR. Read More Facebook this year is ending sales of the Oculus Go, the low-end virtual reality headsets that deliver 3DOF (three degrees of freedom) tracking. It's ...

Less than half a population needs COVID-19 infection for herd immunity, study says - 2020-06-23
Less than half of the population would need to immune to COVID-19 to develop "herd immunity" to the virus, according to an analysis published Tuesday by the journal Science.

Scientists confirm 50-year-old theory that aliens could exploit a black hole for energy - 2020-06-23
Lab experiments have confirmed the 50-year-old theory that an alien civilization could exploit a black hole for energy.

Fintech Startup That Raised $100 Million From Bessemer Ventures And Coatue Management Is Shutting Down
Forbes - 2020-06-23
The company, which had been valued at $360 million, said that the Covid-19 pandemic had driven down revenue by 50%.

PSEi down 0.78% on foreign selling
Philippine Daily Inquirer - 2020-06-23
The local stock barometer slipped below the 6,300 mark on Tuesday, bucking the upswing seen elsewhere in the region, as foreign funds flowed out of the market. The Philippine Stock Exchange index

Pope Francis appoints engineer as bishop of Cagayan de Oro
Philippine Daily Inquirer - 2020-06-23
Pope Francis appointed on Tuesday, June 23, Bishop Jose A. Cabantan as leader of the Catholic flock in the Archdiocese of Cagayan de Oro, the Vatican

T2D Plus Heart Failure Packs a Deadly Punch
Medscape - 2020-06-23
Patients with incident type 2 diabetes who soon after also had heart failure appear faced a dramatically elevated mortality risk, a recent analysis found.

Amazon's ad revenue in 2020 is set to grow 23.5% despite the pandemic
Business Insider - 2020-06-23
Amazon will increase its U.S. ad revenue to $13 billion this year, growing 23.5% when compared to 2019.

Key Studies in Metastatic Breast Cancer From ASCO 2020
Medscape - 2020-06-23
Key studies in metastatic breast cancer from ASCO 2020 focus on first-line checkpoint inhibition in TNBC; also, updated evidence that tucatinib plus chemotherapy benefits women with HER2+ disease.

Mercedes-Benz and Nvidia team up to develop next-generation supercomputers for cars
The Verge - 2020-06-23
Mercedes-Benz is teaming up with Nvidia to develop a next-generation computing platform for vehicles that will support everything from over-the-air software updates to automated driving. The German automaker said it plans to begin rolling out the new technology across its fleet starting in 2024.

Collections plunge, spending soars due to lockdown - 2020-06-23
MANILA, Philippines -- The national government incurred a budget shortfall in May as it continued to increase disbursements in response to the coronavirus disease 2019 or COVID-19 pandemic amid weak revenue generation, the Bureau of the Treasury (BTr ...

A top German court just dealt a blow to Facebook's data-collection efforts
Business Insider - 2020-06-23
American social media giant Facebook is ensnared in a legal antitrust battle in Germany.

Indonesian held for kidnapping - 2020-06-23
MANILA, Philippines -- An Indonesian who allegedly kidnapped his co-employee at a Chinese Philippine offshore gaming operator firm was arrested in Makati on Monday, the police Anti-Kidnapping Group (AKG) said yesterday. Falendra, also known as Parker, 26 ...

BPO firm hiring 2K WFH workers - 2020-06-23
MANILA, Philippines -- Singapore-based business process outsourcing firm Everise is increasing its workforce in the Philippines by hiring 2,000 work-from-home employees to address requirements for its services from both new and old customers. In a ...

Ship that ran aground off Zambales coast not a dredger, company clarifies
Philippine Daily Inquirer - 2020-06-23
A ship that ran aground near the coast of Botolan town in Zambales is not a dredger, the company that owns the ship clarified on Tuesday. According to Z2K Resources Inc. --

Government eyes preemptive measures vs disruptions - 2020-06-23
MANILA, Philippines -- The Philippines is finalizing a framework as a pre-emptive initiative should a systemic disruption to financial markets occur during periods of vulnerabilities such as the coronavirus disease 2019 or COVID-19 pandemic. Financial ...

No plan to close duty-free shops - 2020-06-23
MANILA, Philippines -- Duty Free Philippines Corp. (DFPC) has postponed its plan to close its stores in the provinces even as the Department of Tourism (DOT) said the closure of the state-run firm is not an option. "With the shift to GCQ, (general ...

Another Cebu cop dies of COVID - 2020-06-23
Bernard Banac said the latest fatality, 45, was a member of the Central Visayas police in Cebu City. Last week, a police officer assigned with the crime laboratory at the Abellana police station and another with the Crisis Response Battalion,

AMLC steps into Wirecard probe - 2020-06-23
Money Laundering Council is ready to step into the probe of the $2.1 billion missing funds of German financial technology leader Wirecard AG, according to its executive director Mel Georgie Racela.

Mixed trend in imports of chicken, pork seen - 2020-06-23
The Philippines is expected to buy less chicken this year amid weak demand, but its pork imports are still seen to rise as the African swine fever continues to pull down local supply.

ASEAN to benefit from currency swap - 2020-06-23
MANILA, Philippines -- Members of the Association of Southeast Asian Nations (ASEAN) are expected to benefit from a stronger currency swap arrangement and better financial safety net now that the amended Chiang Mai Initiative Multilateralization (CMIM ...

Atlas losses swell by 6% to P37 million - 2020-06-23
MANILA, Philippines -- Atlas Consolidated Mining and Development Corp. saw its net loss increase by six percent to P37 million in the first quarter despite better production. In a regulatory filing, Atlas said revenues dropped 10 percent to P4.04 billion.

Third Muntinlupa community under lockdown - 2020-06-23
The city government of Muntinlupa has placed another community under lockdown due to an increase in the number of coronavirus disease 2019 (COVID-19) cases in the area.

Security Bank to tap domestic debt market - 2020-06-23
Security Bank Corp. is returning to the onshore debt market to raise at least P5 billion through the issuance of two-year fixed-rate peso bonds after doubling the size of its bond and commercial paper program to P100 billion.

Stocks pull back on lingering COVID anxieties - 2020-06-23
The stock market succumbed yesterday to lingering anxieties and uncertainties related to the coronavirus disease 2019 or COVID-19 which continue to dampen hopes of a quick economic recovery for the country.

Philippine human capital: a long view of development, challenges - 2020-06-23
An important study on human capital development in the Philippines has recently been completed at the Brookings Institution, Washington DC.

Army officer killed in Sulu clash - 2020-06-23
An Army lieutenant was killed and nine other soldiers were wounded in an encounter with suspected Abu Sayyaf bandits in Patikul, Sulu on Monday.

Over 300,000 teachers undergo ICT training - 2020-06-23
MANILA, Philippines -- Two months before the opening of school year 2020-2021, more than 300,000 public school teachers have undergone training on information and communications technology (ICT ...

Drug suspect killed; P1.1 million shabu seized - 2020-06-23
CAMP VICENTE LIM, Laguna, Philippines -- A drug suspect was killed and 14 others were arrested in drug stings in Bacoor City, Cavite before dawn yesterday. Col. Vicente Cabatingan, city police chief, said 50 grams of shabu with an estimated street value ...

Webinar series launched to address allergic rhinitis
BusinessMirror - 2020-06-23
THE Philippine Association of Meat Processors Inc. (Pampi) said it will purchase all locally produced mechanically deboned meat (MDM) of chicken to help Filipino broiler raisers cope with current ...

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