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Coronavirus cripples economy in Q1
CNN Philippines - 2020-05-07
The Philippine economy contracted in the first quarter, ending two decades of sustained quarterly growth as it reels from the COVID-19 lockdown. Economists say April-June could be worse.

Economy shrinks in Q1, a first in more than 2 decades - 2020-05-07
The performance marked the first time the local economy sank to the negative territory since the fourth quarter of 1998, when the "combination" of an El Niño phenomenon and the Asian financial crisis wiped out 3% from the local economy.

US to provide additional P298-M to PH for COVID-19 response
Philippine Daily Inquirer - 2020-05-07
The United States Embassy in the Philippines announced Thursday that the U.S. government is providing an additional P298 million to help support the Philippines in its fight

Southeast Asian auto sales sink 40% for largest drop in a decade
NIKKEI - 2020-05-07
BANGKOK -- New-vehicle sales in Southeast Asia plummeted 40% on the year in March, the biggest monthly drop-off in the past decade, data compiled by Nikkei finds. Automakers sold only 196,802 ... about spending," said a representative at Toyota Motor's local arm. The Philippines suffered the biggest drop at 67%, with only 12,104 vehicles ...

Virus-hit ship arrives in PH, to dock in Manila
CNN Philippines - 2020-05-07
Metro Manila (CNN Philippines, May 7) -- The coronavirus-hit cruise ship previously docked in Australia has arrived in the Philippines. The Ruby Princess cruise ship, linked to 21 coronavirus deaths and some 600 infections,

Facebook reveals members of its 'supreme court' for content - 2020-05-07
The oversight board is to make final decisions regarding the kinds of posts known to embroil Facebook in controversy about censorship, misinformation or free speech.

Health authorities follow WHO standards in easing community quarantine
Gov - 2020-05-07
DAVAO CITY, May 6 (PIA) - The Department of Health Davao Center for Health Development (DOH DCHD) and the Southern Philippines Medical Center (SPMC) have discussed the possibility of easing the current Enhanced Community Quarantine (ECQ) in the City of ...

Europe risks botching its big plans to rescue the economy
CNN Philippines - 2020-05-06
Europe's ability to recover from the worst economic shock it has seen since the Great Depression is being jeopardized by the reopening of old political and legal wounds that could threaten trillions of euros in stimulus money.

Shuttered media giant assures creditors, suppliers, workers
Philippine Daily Inquirer - 2020-05-06
CBN on Wednesday promised to continue paying its debts to banks even after the government had shuttered its main business, broadcasting, threatening thousands of jobs.On Tuesday, a day

21 Pinoys die of COVID-19 in UAE
Philippine Daily Inquirer - 2020-05-06
Twenty-one Filipinos in the United Arab Emirates (UAE) have died of the coronavirus disease, bringing to 215 the total number of overseas Filipinos who have succumbed to COVID-19 so far. According

SEC lists 5 more get-rich-quick scams
Philippine Daily Inquirer - 2020-05-06
The Securities and Exchange Commission (SEC) has exposed a new set of entities enticing people to put hard-earned money into illegal investment schemes with the promise of high returns over a short

Recovery plan readied for Cordillera businesses shut by lockdown
Philippine Daily Inquirer - 2020-05-06
BAGUIO CITY, Benguet, Philippines -- The two-month-long Luzon quarantine has crippled more than 15,000 businesses throughout the Cordillera, forcing their owners to stop operations while people stay

Network shutdown sparks blame game
Philippine Daily Inquirer - 2020-05-06
A group of economic reform advocates on Wednesday denounced what it called the "arbitrary cease-and-desist" order issued by the National Telecommunications

Exclusive: U.S. drafts rule to allow Huawei and U.S. firms to work together on 5G standards - sources
Reuters - 2020-05-06
The U.S. Department of Commerce is close to signing off on a new rule that would allow U.S. companies to work with China's Huawei Technologies on setting standards for next generation 5G networks, people familiar with the matter said.

Texas Oil Basin May Be Leaking Much More Than Previously Thought, Findings Show
Forbes - 2020-05-06
More than one in 10 flares designed to burn off unused methane in the Permian basin in Texas and New Mexico could be unlit or malfunctioning, venting much more of the potent greenhouse gas into the atmosphere than previously thought,

Publicist launches its marketplace for freelance PR and marketing
TechCrunch - 2020-05-06
Founder and CEO Lara Vandenberg told me that she created Publicist to support the ways in which the communications and marketing industry is changing-- changes that are only accelerating due to COVID-19.

T-Mobile Q1 solid, COVID-19 hit, Sprint integration lands in Q2
ZDNet - 2020-05-06
Mobile said it is seeing "notable shifts" in how its customers are using its network with tethering, messaging and collaboration top use cases as the company laid out better-than-expected first quarter earnings.

What to know about Moraxella catarrhalis
Medical News Today - 2020-05-06
Moraxella catarrhalis is a type of bacteria that can cause various infections in the body. It is more prevalent in children but can affect adults. Learn more.

Xpeng Launches First Production Vehicle With Nvidia Xavier
Forbes - 2020-05-06
Chinese electric vehicle startup Xpeng has just launched its second production model, the P7 sedan which is the first production vehicle to utilize the Nvidia Xavier chip to power its L3 conditional automated driving system.

T-Mobile Tops Profit Outlook, Says Crisis Complicates Forecast
Bloomberg - 2020-05-06
Mobile US Inc. reported profit that exceeded Wall Street estimates but warned the Covid-19 crisis prevents the company from providing a full-year financial forecast -- even as the wireless carrier begins integrating the newly acquired Sprint.

How scientists are using baker's yeast to develop a coronavirus vaccine
Mashable - 2020-05-06
While scientists are desperately looking for COVID-19 treatments and vaccines, common baker's yeast has proven to be an unexpected, yet valuable resource in the fight against coronavirus.

The mysterious X-37B space plane is going back into orbit -- here's what it'll be doing up there
Business Insider - 2020-05-06
B has already spent nearly eight years in space, and it is headed back on its sixth mission on May 16.

NYT says it can 'ride out' virus as subscriber numbers boom
Business Insider - 2020-05-06
The New York Times Co. added new digital subscribers at a record rate as the coronavirus spread in the first quarter, helping offset shrinking ad revenues.

80% Of Employees Cite Feeling Helpless - How Leaders Should Respond
Forbes - 2020-05-06
Though businesses have been thrust into a "new normal", the experience - for both employees and companies - is not normal. Here's what leaders need to do now.

Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salary
Reuters - 2020-05-06
Uber Technologies Inc will cut about 3,700 full-time jobs and Chief Executive Officer Dara Khosrowshahi will forgo his base salary for the remainder of the year, the company said on Wednesday, as the COVID-19 pandemic decimates its ride-hailing business.

Autotech Ventures raises more than $150 million with an eye on ground transportation startups
TechCrunch - 2020-05-06
Autotech Ventures popped on the scene three years ago with a $120 million debut fund and a plan to invest in early-stage ground transportation startups. Now, with investments in 26 startups and a handful of exits,

Citrix expands Remote PC Access availability
ZDNet - 2020-05-06
The expansion follows Citrix's strong Q1, in which it saw increased Workspace deployments due to the large numbers of people working from home.

From Loss Of Smell To 'COVID Toes': What Experts Are Learning About Symptoms
NPR - 2020-05-06
It's not just a fever and dry cough. For milder cases of COVID-19, the array of symptoms can include headaches, fatigue, loss of smell and even lesions on the feet known as "COVID toes."

Facebook announced the first 20 members of its oversight board that will decide what controversial content is allowed on Facebook and Instagram
Business Insider - 2020-05-06
Facebook's oversight board will act as a "supreme court," making rulings about controversial posts on Facebook and Instagram.

At least 90,000 health care workers infected with coronavirus around the world
CNN Philippines - 2020-05-06
Governments are failing to keep accurate records of infections and deaths of nurses and health care workers treating coronavirus patients, the International Council of Nurses, a federation representing nurses from 130 countries,

Coronavirus snaps Philippines' 21-year growth streak
NIKKEI - 2020-05-06
MANILA -- The Philippine economy contracted 0.2% in the first quarter through March as travel restrictions and lockdowns crippled business activity and household consumption ... is yet to hit and that the economy will contract in the next two quarters. A Reuters poll of economists predicted 3.1% first-quarter growth for the country, which ...

Butuan City heat index hits 53ºC
Philippine Daily Inquirer - 2020-05-06
Butuan City in the province of Agusan del Norte experienced a searing Wednesday afternoon as it recorded a heat index of up to 53ºC, the Philippine Atmospheric, Geophysical,

Blackout hits 18 towns in Abra - 2020-05-06
A power outage hit 18 of the 27 towns in Abra on Tuesday after a transformer of the Abra Electric Cooperative exploded.

Mt. Halcon not a volvano - 2020-05-06
Mt. Halcon in Mindoro is not a volcano and will not erupt. The Philippine Institute of Volcanology and Seismology (Phivolcs) issued the clarification after photos of the supposed eruption of the highest peak in the Central Mindoro Range circulated on social media.

Ex-Batangas lawmaker slay suspect killed - 2020-05-06
A suspect in the gruesome murder of former Batangas lawmaker Edgar Mendoza and his two companions in January was killed in an alleged shootout with law enforcers in San Juan town on Tuesday.

MPIC to scale down capex by half - 2020-05-06
Metro Pacific Investments Corp. expects to scale down its capital expenditures by half this year as it grapples with the negative impact of the coronavirus disease 2019 or COVID-19 pandemic.

Palace mulls supplemental budget to fund COVID plan - 2020-05-06
Malacañang is "very careful" about asking Congress for a supplemental budget to fund its coronavirus disease 2019 or COVID-19 response efforts due to a lack of additional revenues, according to the Department of Finance.

Global airlines shoot down vacant middle seat - 2020-05-06
The body representing global airlines came out against leaving middle seats empty on aircraft on Tuesday, as debate intensifies over how to get airlines flying while respecting social distancing rules in the wake of the coronavirus crisis.

For DLSU grad students, learning goes on
BusinessMirror - 2020-05-06
The Enhanced Community Quarantine has brought to the surface a range of learning issues for university students, from accessing reliable internet connection to absorbing the online delivery of lessons.

PHL exports, imports shrink to decade low
BusinessMirror - 2020-05-06
THE pandemic slashed export earnings to nearly a decade low, but the National Economic and Development Authority (Neda) said manufacturers can bounce back if they are attuned to changes in consumer spending and redesign their product lines accordingly.

Art surviving the pandemic: The arts of the new norms
BusinessMirror - 2020-05-06
FOR all the claims about the prospect of a "new normal," it seems it will take some more days before we start doing again the things that we were doing before Luzon was closed. Be that as it may, there are signs of life in the world of culture

PHL banks seen to weather virus crisis
BusinessMirror - 2020-05-06
PHILIPPINE banks are expected to weather the crisis brought about by the global coronavirus disease (Covid-19) pandemic, as lenders were seen building up their buffers in April this year. In its most recent assessment on the Philippine financial industry,

Blame for ABS-CBN fiasco splits solons: Was it NTC or Cayetano?
BusinessMirror - 2020-05-06
LAWMAKERS on Wednesday blamed Speaker Alan Peter Cayetano for the closure of ABS-CBN on Tuesday night, but the minority leader pinned the issue squarely on regulators, filing a bill to abolish the National Telecommunications Commission (NTC).

Another Mandaluyong barangay due for lockdown - 2020-05-06
Mandaluyong will place another barangay under total lockdown following a surge of coronavirus disease 2019 cases in the area, the city government said yesterday.

Cautious investors weigh down trades - 2020-05-06
Share prices tumbled yesterday as investors remained cautious with the main composite index declining by 32.40 points, or 0.57 percent, to finish at 5,639.27.

5 kids test positive for COVID in Luzon - 2020-05-06
Five children are among those recently infected with the coronavirus disease 2019 in Bataan, Bulacan and Olongapo City.

Private schools opening in June must get IATF OK; no face to face
BusinessMirror - 2020-05-06
PRIVATE schools who want to start classes in June may do so if allowed by the Inter-Agency Task Force on Emerging Infectious Diseases (IATF) and the Department of Health (DOH), Education Secretary Leonor Magtolis Briones said on Wednesday.

NBI probes 20 hospitals for refusing patients - 2020-05-06
The National Bureau of Investigation is investigating at least 20 hospitals for allegedly refusing patients who later died at the height of the enhanced community quarantine.

In the service of the Filipino - 2020-05-06
It is a deep, profound pain inflicted on every hardworking and serious, yet gravely underpaid journalist in this country, to every media worker and, yes, to each and every Filipino in dire need of information amid.

3 slain in Calabarzon gun attacks - 2020-05-06
Three persons were killed in shootings in Calabarzon in the past two days. Police said murder convict Geronimo Dimayuga, 54, who was released on parole from the New Bilibid Prison in 2016, was about to enter his house in Barangay Luna in Tuy,

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