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World Bank says the global economy will shrink by 5.2% this year
CNN Philippines - 2020-06-08
Even as countries are reopening, the World Bank predicts this year, the globe will have its deepest global recession in 80 years

Instagram has hired a new global vice president of marketing
Business Insider - 2020-06-08
Buzzy Facebook-owned photo-sharing app Instagram has a new head marketer responsible for telling its story to the world.

It's official: The recession began in February
CNN Philippines - 2020-06-08
This was the fastest that NBER has declared any recession since the group began formal announcements in 1979. Social distancing requirements imposed to fight the pandemic have crushed broad swaths of the US economy,

'Disturbing Finding' on Black Patients With Cancer in Need of Opioids
Medscape - 2020-06-08
Black patients with cancer at end of life have less access to opioids and make more pain-related emergency department visits than whites, say researchers who found reductions in overall prescribing.

Twitter to launch a revamped verification system with publicly documented guidelines
TechCrunch - 2020-06-08
Twitter is developing a new in-app system for requesting verification, according to a recent finding from reverse engineer Jane Manchun Wong, which Twitter has since confirmed. The discovery involves an added "Request Verification" option that appears in a redesigned account settings

Meet the 25 power players at Instagram who are deciding the future of the wildly popular Facebook-owned app
Business Insider - 2020-06-08
Instagram is the hottest app in the world right now. These are the people behind it.

Google Maps will soon provide coronavirus-related alerts - 2020-06-08
Google Maps will soon provide coronavirus alerts for travelers driving or taking public transition, identifying possible crowded locations, medical facilities and testing centers, Google announced Monday.

BSP likely to keep rates steady - 2020-06-08
The Bangko Sentral ng Pilipinas is likely to keep interest rates steady as it saves monetary ammunition amid the economic fallout from the coronavirus disease 2019 or COVID-19 pandemic.

Apple has been granted a patent for software that would allow for socially distant group selfies
CNN Philippines - 2020-06-08
(CNN) - With people around the world self-isolating at home in order to curb the spread of Covid-19, Apple has received a patent for software that would allow people to take group selfies while socially distancing from one another. The US Patent and Trademark Office recently granted Apple a patent for the software that would allow for ...

Government resumes works on six BBB projects - 2020-06-08
With more relaxed quarantine measures in place, the government has already resumed the construction of some big-ticket infrastructure projects to generate more jobs amid massive unemployment caused by the coronavirus disease 2019 or COVID-19 pandemic.

Man dies, sister hurt in ambush - 2020-06-08
A 24-year-old man died while his sister was wounded when they were ambushed by motorcycle-riding gunmen in Ermita, Manila yesterday morning.

Lockdown Limits Access To Legal Abortion in Colombia. Telemedicine Is Now An Option
NPR - 2020-06-08
The pandemic has caused some abortion providers to close and made it more difficult for citizens to go out. Clinics are looking for alternatives.

GBF, URC face shields get hospital approvals - 2020-06-08
The Gokongwei Brothers Foundation and Universal Robina Corporation completed the distribution of over 100,000 reusable face shields to 33 hospitals, as the country ramped up its response to the coronavirus pandemic.

No ban on chicken imports despite glut - 2020-06-08
The Philippines has decided not to suspend the entry of imported chicken meat and its products despite calls from stakeholders to temporarily ban the importation amid a glut resulting in the decline of farm gate prices.

Three Years of Imatinib May Halve
Medscape - 2020-06-08
Giving patients with high-risk gastrointestinal stromal tumors imatinib for 3 years rather than 1 year may reduce 10-year mortality by half, say German and Finnish investigators.

Century Properties profit falls 24% in Q1 - 2020-06-08
Century Properties Group Inc., the listed property developer of the Antonio family, posted a net income of P290 million in the first quarter of the year, down by 24 percent from P384 million a year ago.

Pru Life extends period for free COVID coverage - 2020-06-08
Pru Life Insurance Corp. of UK is giving Filipinos more time to apply for its free insurance coverage against accidents and the coronavirus disease 2019 or COVID-19.

The new normal for retail sector - 2020-06-08
The retail sector remains in a challenging environment brought about by COVID-19 as the pandemic has caused overall reduced spending except on essentials, a report by property advisory firm JLL Philippines said.

AC Energy investing in new wind power plant in Vietnam - 2020-06-08
AC Energy Inc. is investing in another wind project in Vietnam. The Ayala Corp. unit has partnered with UPC Renewables anew to jointly develop two wind projects in the Mekong Delta of southern Vietnam.

7 Philippine banks most helpful in Asia amid COVID crisis - 2020-06-08
A total of seven Philippine banks led by Aboitiz-owned Union Bank of the Philippines were among the most helpful banks in Asia Pacific amid the ongoing global coronavirus pandemic, according to a survey conducted by BankQuality.

Lawmaker backs bike lane on EDSA - 2020-06-08
Quezon City Second District Rep. Precious Hipolito Castelo yesterday joined mounting calls for the creation of a bicycle lane along EDSA.

Joint venture between DBP, Landbank pushed - 2020-06-08
The government economic team is pushing for the creation of a new government-owned and controlled corporation which will help private companies undergoing solvency issues due to the coronavirus disease 2019 or COVID-19 pandemic,

PAGCOR remits additional P5 billion dividends to government - 2020-06-08
The Philippine Amusement and Gaming Corp. has released another P5 billion in dividends to the government to further augment funds needed to fight the coronavirus disease 2019 or COVID-19 pandemic.

BSP intervenes to keep peso below 50:$1 - 2020-06-08
The peso managed to stay below the 50 to $1 level despite shedding 10 centavos as the Bangko Sentral ng Pilipinas continues to intervene in the foreign exchange market to smoothen the volatility of the local currency.

Mudflow hits Batangas village - 2020-06-08
Heavy downpour pounded the town of Laurel in Batangas, leaving several houses submerged in floodwater and mud on Sunday.

Dermatologist assures clinics will be safe and ready once reopened
CNN Philippines - 2020-06-08
Dermatologist and skincare clinic owner Dra. Aivee Teo assures the customers they are safe to open amid the COVID-19 pandemic

Illicit tobacco trade rising as government scrapes for funding - 2020-06-08
The illicit trade and manufacture of cigarettes is rising, a development that threatens both public health and government revenues.

Drastic times call for drastic measures - 2020-06-08
The COVID-19 pandemic has greatly affected the supply chain of many nations worldwide and has made countries, including the Philippines, realize the value in exploring other sources of vital products due to the impact of imposed quarantine controls and lockdowns.

4 Asian countries bid to supply rice to Philippines - 2020-06-08
Four Asian countries have expressed interest to supply the Philippines with 300,000 metric tons of rice under a government-to-government scheme, the first for the country since the industry was liberalized.

6 die, 4 hurt in Benguet smashup - 2020-06-08
Six persons died while four others were injured in a smashup of three vehicles in this town at dawn yesterday.

BI office in Intramuros closed after employee gets virus - 2020-06-08
The Bureau of Immigration shut down yesterday its main office in Intramuros, Manila for disinfection after an employee tested positive for the coronavirus disease 2019 or COVID-19.

SMC reopens SLEX Alabang southbound entry - 2020-06-08
San Miguel Corp. has reopened the South Luzon Expressway Alabang southbound entry after construction works were accelerated.

No such thing as holy alcohol - church - 2020-06-08
While the use of rubbing alcohol is encouraged to prevent contracting coronavirus disease 2019 or COVID-19, the Archdiocese of Pampanga Liturgical Commission yesterday denied the existence of "holy alcohol.

Absence of justice for Filipino fishermen rammed by Chinese vessel: 1 year and counting
Philippine Daily Inquirer - 2020-06-08
Justice has yet to be served for the 22 Filipino fishermen whose boat was rammed and sent sinking by a Chinese vessel inside Philippine territory a year ago. "One really

Two more House employees test positive for COVID-19
CNN Philippines - 2020-06-08
Two more employees of the House of Representatives test positive for COVID-19, Secretary General Jose Luis Montales confirms. They last reported for work on May 28.

Two more House employees test positive for COVID-19
CNN Philippines - 2020-06-08
Two more employees of the House of Representatives test positive for COVID-19, Secretary General Jose Luis Montales confirms. They last reported for work on May 28.

Airbnb is making a huge comeback
CNN Philippines - 2020-06-08
Airbnb said it's experiencing a surge in bookings as customers emerge from several months of being cooped up in their homes because of Covid-19.

Veggie truck driver brings Benguet town its first COVID-19 case
Philippine Daily Inquirer - 2020-06-08
A vegetable truck driver, who had been to coronavirus hot spots Metro Manila and Bulacan province, brought the virus to the town of Tuba, Benguet province, becoming its first COVID-19

The Philippines' decision to keep a key US military pact hints at a shift in its South China Sea calculations
Business Insider - 2020-06-08
The decision to keep the Visiting Forces Agreement with the US comes as China's assertiveness in the South China Sea causes anxiety in the region.

Ex-SC justice says database needed to keep Filipinos informed of fight for sovereignty vs China
Philippine Daily Inquirer - 2020-06-08
Retired Supreme Court Senior Associate Justice Antonio Carpio is proposing a national database to keep track of the developments in the West Philippine Sea for the next

Investors are watching as New York City eases its lockdown
CNN Philippines - 2020-06-08
More than 75 days into its stay-at-home order, New York City -- the largest and densest city in the world's largest economy -- begins to reopen on Monday. Investors and epidemiologists are watching closely.

Dennis Uy sees 'challenging' 2020 for his empire due to pandemic - 2020-06-08
Udenna Corp., the expanding holding firm of Davao-based businessman Dennis Uy, on Monday reported lower earnings in 2019, with the company seeing a "challenging" 2020 due to the coronavirus pandemic.

Lagman: No doubt Gabby Lopez qualified to own, manage ABS-CBN
Philippine Daily Inquirer - 2020-06-08
MANILA, Philippines--A legislator on Monday (June 8) said he believed ABS-CBN chair emeritus Eugenio "Gabby" Lopez III was "indubitably qualified" to be an owner of the media giant even

Philippines hit by surge in fake Facebook accounts
NIKKEI - 2020-06-08
MANILA -- Facebook is investigating reports in the Philippines of a weekend spike in the number of fake accounts on the social media platform. Users of Facebook, including students and journalists, appealed to others on the platform to report fraudulent accounts. Some users reported having as many as a dozen fake accounts -- many of them empty ...

Ex-soldier hunted for killing of 2 in Tagbilaran over land encroachment case
Philippine Daily Inquirer - 2020-06-08
A village official and his nephew were killed after they were shot allegedly by a former soldier following a heated argument over a case of land encroachment at a village

Palace firm on public transport ban - 2020-06-08
A mobile phone survey conducted by the Social Weather Stations (SWS) found 77 percent of respondents saying the suspension of public transport was a burden to their families. The burden was ...

Judge orders release of 8 detained in Cebu for anti-terror bill protest
Philippine Daily Inquirer - 2020-06-08
A trial court judge has ordered the release of the seven protesters and a 19-year-old bystander who were arrested during a rally against the anti-terrorism bill outside the University of

Anti-terrorism bill to have 'far-reaching' repercussions on economy -- IBON - 2020-06-08
Passing the anti-terrorism bill could also have "far-reaching" economic consequences, a non-profit think tank warned Monday, saying the controversial measure could be used to silence activists protesting against anti-poor state policies and cronyism.

Baguio rebranding self as safe destination in new normal
Philippine Daily Inquirer - 2020-06-08
BAGUIO CITY--The city is being re-marketed as a safe destination, hoping to salvage its core tourism industry in a period of uncertainty due to lingering fears about COVID-19. But the primary

DOF seeks DOJ help to resolve Congress deadlock on funding stimulus - 2020-06-08
The finance department wants the justice portfolio's opinion whether borrowings qualify as revenues, and therefore can be used to fund a supplemental budget.

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