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PH economy to shrink by 3.8% with wider slump in spending, investments - ADB
CNN Philippines - 2020-06-18
The Asian Development Bank says the Philippine economy will likely shrink by 3.8% this year, wider than government estimates, as the slump in consumption and investments drag further amid the pandemic.

ADB drops optimism, sees economy shrinking 3.8% in 2020
philstar.com - 2020-06-18
From 2% growth seen in April, the Manila-based lender now sees the Philippine economy shrinking 3.8% in 2020 due to the pandemic.

'The worst trend in survey history:' 83 percent of Filipinos say their life got worse - SWS
CNN Philippines - 2020-06-18
Life for a majority of Filipinos took a turn for the worse in the past year, according to a Social Weather Stations poll released Thursday.

Business travelers from HK, Thailand, Vietnam eligible for short quarantine in Taiwan
Philippine Daily Inquirer - 2020-06-18
Business travelers can apply for a shortened quarantine period starting on June 22 as long as they meet four requirements, the Central Epidemic Command Center (CECC) said on

SWS reports 'worst trend in survey history' as quality of life in Philippines slips
philstar.com - 2020-06-18
MANILA, Philippines -- A large majority of Filipinos have been found to be worse off compared to a year ago, according to the results of a Social Weather Stations survey released Thursday morning.

Rich Americans cut their spending, and that hurt low-income jobs
CNN Philippines - 2020-06-18
(CNN) -- Rich Americans who curtailed their spending during the pandemic ended up costing a lot of low-wage workers their jobs, a trend that could hinder an economic recovery, according to ...

This might just be the end of the office as we know it
CNN Philippines - 2020-06-18
(CNN) - In March, Mike Iacobucci was just days away from signing a 12-year lease for a 53,000-square-foot office space for his company when he decided to pull out at the last minute. "I woke up ...

China and India need each other. Just look at technology
CNN Philippines - 2020-06-18
China and India are locked in a tense diplomatic and military standoff after a deadly border skirmish earlier this week. The economic stakes are high too, given the huge trading relationship and particularly close ties in technology.

Twitter will let you tweet with your voice
CNN Philippines - 2020-06-18
Creating a voice tweet is similar to regular tweeting, but users tap a new icon with wavelengths on it to record.

Europe is building defenses against Chinese takeovers of key industries
CNN Philippines - 2020-06-18
(CNN) - The European Union is drawing up new rules to prevent companies subsidized by countries such as China and the United States from taking over its industrial champions or winning public ...

Visayas, Caraga to have cloudy skies, thunderstorms -- Pagasa
Philippine Daily Inquirer - 2020-06-18
Pagasa weather specialist Ariel Rojas warned there could be occasions when strong thunderstorms may occur in the said regions. "Posible po ang biglaang pagbaha at pagguho ng lupa dahil may ...

SWS survey: 83% of Filipinos report decline in quality of life
Philippine Daily Inquirer - 2020-06-18
MANILA, Philippines -- Eighty-three percent of Filipinos believe that heir quality of life has worsened in the last 12 months--the "worst trend in survey history," a Social Weather Stations ...

Go urges whole-of-country approach to achieve UHC, seeks higher PhilHealth subsidy
Philippine Daily Inquirer - 2020-06-18
MANILA, Philippines -- Sen. Christopher Lawrence "Bong" Go believes that a concerted cooperation and whole-of-country approach by all sectors is necessary to realize the vision of universal ...

Roque questions PhilHealth chief for not curbing corruption in agency
CNN Philippines - 2020-06-17
In a series of tweets posted on Wednesday night, Presidential Spokesperson Harry Roque denounces Philippine Health Insurance Corporation President Ricardo Morales for failing to curb corruption in the agency.

Wall Street dips as global rally eases off the accelerator
Philippine Daily Inquirer - 2020-06-17
Stocks mostly fell in another day of wobbly trading on Wall Street Wednesday, as markets eased off the accelerator following their big rally. The S&P 500 dipped

Temporary tax measure on oil imports yields P1.49B in revenue
Philippine Daily Inquirer - 2020-06-17
The additional 10-percent import duties temporarily slapped on certain oil products amid the COVID-19 crisis so far raised P1.49 billion in additional revenue for the government. Data provided by

BIR targeting Netflix, Lazada, not small-time online sellers
Philippine Daily Inquirer - 2020-06-17
Netflix, Lazada and other big online merchants are the target of tax collectors, Bureau of Internal Revenue (BIR) Deputy Commissioner Arnel Guballa said, allaying fears that the agency was running

Jollibee turns to global bond market for funding boost
Philippine Daily Inquirer - 2020-06-17
Fast-food giant Jollibee Foods Corp. (JFC) is venturing into the global bond market to boost its war chest during this state of global public health crisis caused by the coronavirus (COVID-19)

57 more OFWs die of COVID-19, mostly in Middle East
Philippine Daily Inquirer - 2020-06-17
MANILA, Philippines -- Fifty-seven more overseas Filipino workers (OFWs), mostly in the Middle East, have succumbed to the new coronavirus disease as of Monday, the Department of Foreign Affairs

Vivant, Malaysian firm partner for solar rooftop projects
Philippine Daily Inquirer - 2020-06-17
Vivant Energy Corp. has tapped Malaysia-based Solarvest Holdings for two contracts covering the installation of a total of about 1.2 megawatts of solar rooftop systems at the University of San Carlos

Subic firm denies retrenching workers due to COVID
philstar.com - 2020-06-17
Subic Bay International Terminal Corp., a subsidiary of the International Container Terminal Services Inc. has denied reports that it retrenched 121 workers due to the coronavirus disease 2019 pandemic.

Amazon could surge 90% to $5,000 in long-term bullish scenario, analyst says
Business Insider - 2020-06-17
Needham said Twitch is the most undervalued asset inside Amazon's business because it "extends Amazon's reach into the next generation of purchasers."

De Lima calls for a Senate probe of POGO activities
Philippine Daily Inquirer - 2020-06-17
Sen. Leila de Lima wants a Senate probe into the activities of Philippine offshore gaming operators (POGOs) to determine whether or not they should be allowed to do business

NASA's new Mars mission will take at least a decade to confirm life
UPI.com - 2020-06-17
NASA's new microbe-hunting Mars rover, scheduled for launch July 20, is the most sophisticated rover yet, but it will still take at least a decade to confirm if samples it collects confirm signs of life.

U.S. government proposes rolling back protections for big tech
Reuters - 2020-06-17
The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet's Google and Facebook have had for decades, a senior official said,

Zoom U-turns on no e2e encryption for free users
TechCrunch - 2020-06-17
In a major security U-turn, videoconferencing platform Zoom has said it will, after all, offer end-to-end encryption to all users -- including those who do not pay to use its service. The caveat is that free users must provide certain "additional" pieces of information for

Amazon's new partnership with Slack is a 'testing ground' to get 'under the hood' and see whether it's a good fit for an acquisition, analyst says
Business Insider - 2020-06-17
Even before the recent partnership, analysts suggested Amazon could buy a company like Slack or Zoom to replace its own unpopular chat app Chime.

Forget Twitter Audio Tweets, Scream Club Is The Ultimate 2020 Soundtrack Of Endless Screaming
Forbes - 2020-06-17
Twitter Audio tweets, Clubhouse... sure. But what we really want to do is scream. Just scream. Scream Club is where we can scream.

First egg ever found in Antarctica may come from extinct sea lizard
UPI.com - 2020-06-17
Scientists hypothesized that the egg found in Antarctica -- the first ever -- was laid by an extinct, giant marine reptile, like a mosasaur.

How Agile Is Helping Unilever Go Forward Faster
Forbes - 2020-06-17
Organizations are using this crisis moment to transform how they work. There are plenty of challenges but people are discovering they have the ability to achieve better collaboration, more accountability,

Comorbidities Increase COVID-19 Deaths by Factor of 12
Medscape - 2020-06-17
Among those with underlying conditions, such as cardiovascular disease or diabetes, 45.4% of patients with COVID-19 were hospitalized vs just 7.6% of patients with no comorbidity, a CDC report states.

World Bank earmarks $1 billion for DR Congo health, education
Rappler - 2020-06-17
KINSHASA, DR Congo - The World Bank has approved $1 billion in grants and loans to promote free primary education and access to health care in the Democratic Republic of Congo. The bank's board of executive directors approved $800 million to help support ...

Mandaluyong City curfew hours also shortened
Philippine Daily Inquirer - 2020-06-17
Mandaluyong City has also shortened curfew hours from 10 p.m. to 5 a.m., with the local government saying that residents of the city might not be able to arrive home on

Black Lives Matter network establishes $12M grant fund
Business Insider - 2020-06-17
An influential group behind the emergence of the Black Lives Matter movement has established a fund worth more than $12 million to aid organizations fighting institutional racism, in the wake of the George Floyd protests.

Attention All Business Owners: With This AI Platform, You Can Now Safely Get Back To Your Office
Forbes - 2020-06-17
A unique platform analyzes an organization's digital and physical footprints as well as existing office layouts, then generates new ones

COVID-19 cases in Philippines exceed 27,000 with 457 newly reported cases
Big News Network.com - 2020-06-17
Xinhua -- The number of COVID-19 cases in the Philippines surge to 27238 after the Department of Health DOH reported 457 more infections on

COVID-19 poses challenges to Americans living with disabilities, experts say
UPI.com - 2020-06-17
Americans living with physical and intellectual disabilities need to stay home as much as possible to minimize their risk from COVID-19 even as many states reopen from lockdown, experts said.

MORGAN STANLEY: 12 tech trends are accelerating because of COVID-19 -- and these stocks are most likely to benefit
Business Insider - 2020-06-17
Morgan Stanley identified 12 of the most important themes to follow across technology, retail, food, and health sectors in light of COVID-19.

Justice Dept. Urges Rolling Back Legal Shield for Tech Companies
New York Times - 2020-06-17
The agency said that Congress should repeal parts of a law that has been crucial for the growth of companies like Facebook and Twitter.

Go urges whole-of-country approach to achieve UHC, seeks higher PhilHealth subsidy
Philippine Daily Inquirer - 2020-06-17
Sen. Christopher Lawrence "Bong" Go believes that a concerted cooperation and whole-of-country approach by all sectors is necessary to realize the vision of universal

Governors renew call to include barangay officials in SAP
philstar.com - 2020-06-17
The League of Provinces of the Philippines yesterday renewed its appeal to President Duterte to include barangay officials among the beneficiaries of the government's social amelioration program.

Demand for office space rises 34% amid quarantine period
philstar.com - 2020-06-17
The Philippine office market registered a 34 percent rise in demand in the months of April and May despite the imposition of community quarantines around the country, Leechiu Property Consultants said.

22 Leyte health workers positive for COVID
philstar.com - 2020-06-17
Eighteen health workers at the Eastern Visayas Regional Medical Center tested positive for the coronavirus disease 2019 or COVID-19.

Subic firms get another 30-day extension to renew permits
BusinessMirror - 2020-06-17
Subic Bay Freeport--Business locators in this freeport, whose registration had expired since the imposition of enhanced community quarantine (ECQ) in March, have another 30 days to renew their ...

Health officials worry COVID-19 pandemic could stall progress against neglected tropical diseases
CNN Philippines - 2020-06-17
Health officials from various nations met in a World Health Organization webinar on Wednesday to discuss the impact of COVID-19 on fights against neglected tropical disease around the world.

Philippines , ADB ink $500 milion loan for 4Ps
philstar.com - 2020-06-17
The Philippines and Asian Development Bank have inked a $500-million loan agreement for the provision of education and health assistance to poor Filipino households, according to the Department of Finance.

German firms seek government support amid COVID
philstar.com - 2020-06-17
German companies operating in the Philippines have urged government to cut red tape, pass economic stimulus packages and reduce the corporate income tax rate as relief measures as the coronavirus disease 2019 or COVID-19 crisis has taken a high toll on their operations.

PLDT raises record $600 million bonds
philstar.com - 2020-06-17
Telecommunications giant PLDT Inc. has made a triumphant return to the international bond market after nearly two decades of absence as investors swarmed its dollar-denominated 10-year and 30-year dual-tranche offering.

Vivant taps Malaysia solar firm
philstar.com - 2020-06-17
The power unit of Vivant Corp. of the Cebu-based Garcia-Escano family has tapped a Malaysian solar firm to build its two solar projects. Vivant Energy Corp. awarded two engineering, procurement, construction and commissioning (EPC) contracts to Solarvest,

Index ends flat on mixed sentiments
philstar.com - 2020-06-17
The stock market closed virtually unchanged yesterday as investors weighed the optimistic cues from Wall St. against the International Monetary Fund warning of an unprecedented global economic crisis,

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