‘Farms fared better than others in Q2, but will still shrink’

THE farm sector may have outperformed industry and services in the second quarter but will still post a contraction in growth, according to a research fellow from the Philippine Institute for Development Studies (PIDS). In a presentation in a webinar organized by the Ateneo Center for Economic Research and...

Duterte, Cabinet take up medical groups’ plea for 2-week ‘timeout’

Among the problems the medical community raised are hospital workforce shortages, failure of case finding and isolation, failure of contact tracing and quarantine, transportation safety, workplace safety, public compliance with self-protection and social amelioration.

Traders’ unused import clearances ‘anomalous’

THE Bureau of Plant Industry (BPI) said “unjustified” underutilization by traders of their approved sanitary and phytosanitary import clearance (SPS-IC) for milled rice is an “anomalous” activity that may disrupt state food sufficiency planning. The BPI, an attached agency of the Department of Agriculture (DA), told the BusinessMirror that...

Local, foreign biz: Poor to suffer more under ECQ

LOCAL and foreign investors have warned the poor will suffer most if Metro Manila reverts—something medical professionals are pleading for—to enhanced community quarantine (ECQ). The businessmen said work will be restricted again to essential services to the detriment of millions of income earners. Private-sector leaders interviewed by the BusinessMirror...

Nation

Private sector, LGU commit to rehabilitate Mahiga River

Atotal of 28 private companies and organizations in Cebu have committed to rehabilitating the heavily-silted Mahiga River in the Province of Cebu, the Department of Environment and Natural Resources (DENR) said on Sunday. This as DENR Secretary Roy A. Cimatu, together with Mayors Edgardo C. Labella of Cebu City...

Sen. Gatchalian bats for use of e-vehicles in post-Covid period

SEN. Sherwin T. Gatchalian goaded concerned authorities to urgently come up with “a sound policy for more sustainable transport system” in a post Covid-world. “As the country moves toward the promotion of sustainable transportation in a post-Covid world,” Gatchalian, chairman of the Senate Energy Committee, emphasized the “urgency to...

Lawmaker to Globe, Smart: name LGUs delaying issuance of permits

Aleader of the House of Representatives asked Globe Telecom Inc. and Smart Communications Inc. to identify which local government units (LGUs) have supposedly delayed the issuance of their permits to build more cellsite towers and other telecommunications infrastructure. Deputy Speaker Luis Raymund Villafuerte issued the call on Sunday while...

Duterte to send ‘virtual’ message during AFP chief installation rites

Army Commanding General Lt. Gen. Gilbert Gapay will formally assume today the post of chief of staff of the Armed Forces of the Philippines as General Felimon Santos Jr. officially retires from the service in twin ceremonies that will not be having the Commander in Chief as the presiding officer and principal...

Court orders transfer of three PMA hazing suspects to Baguio jail

THE Regional Trial Court (RTC) of Baguio City has directed the transfer to the Baguio City Jail of three Philippine Military Academy (PMA) cadets who are facing criminal charges for their alleged involvement in the fatal hazing of Cadet Fourth Class Darwin Dormitorio last year. The order was...

Top News

Subic drug busts yield P8.2M; 6 Chinese nationals, 3 others held

SUBIC BAY FREEPORT — Law enforcement agencies pounced on suspects in the illegal drug trade in a series of operations here since Wednesday, arresting six Chinese nationals and three others, and seizing prohibited drugs worth about P8.2 million. Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Wilma T. Eisma...

Senators set for 2-week ‘ECQ’ version as support for exhausted medical frontliners

Senate President Vicente Sotto III late Sunday affirmed an informal consensus was reached for senators to go on their version of Enhanced Community Quarantine (ECQ) mode for two weeks, as support for exhausted medical frontliners who have asked government for some respite.

Consider frontliners’ respite plea –senators

SEVERAL senators are supporting the appeal of medical professional groups for a two-week break by placing Mega Manila under a two-week enhanced community quarantine (ECQ). The initial expression of support came from Sens. Richard Gordon, Panfilo Lacson, Pia Cayetano and Nancy Binay in separate statements. However, they also sought...

H1 borrowings hit P1.7T on Covid fund buffer bid

THE Philippine government’s gross borrowings have surged past P1.7 trillion for the first half of the year as it continues to stockpile more funds for budgetary support while there is still no clear end in sight to the Covid-19 pandemic. Latest data from the Bureau of the Treasury showed...

GG debt-to-GDP ratio declined to 34.1% at end-’19–Treasury

THE country’s consolidated general government (GG) debt as a share of the economy as of end-2019 dropped to 34.1 percent from 34.4 percent in 2018. In a statement over the weekend, the Department of Finance (DOF) said the consolidated GG debt-to-GDP ratio last year was down by 0.3 percentage...

Column

Fixing the road at this time

Despite the tragedy that is the Covid-19 pandemic, many nations around the...

Tax exemptions to retrenched employees

By Marco Fernando L. NgDEBIT CREDIT AS we have opened up our business two...

When almost everyone is now selling online

These days, it is not uncommon to see that our favorite businesses...

The Cory legacy

AS we remember President Corazon Aquino on her 11th death anniversary on...

The State of the Nation’s Transport Address (SONTA)

Today will mark the fifth time that President Duterte delivers his State...

Opinion

Everyone should have sufficient food

The Covid-19 pandemic is thrusting populations around the world deeper into a hunger crisis. The United Nations...

Know what debt to worry about

The Internet has unfortunately created a monster of misinformation and misperception. We like...

Telling lies to the young is wrong (After Yevtushenko)

What name shall we give this generation?

West Philippine Sea victory merely dismissed

Brothers and sisters, this month marks the fourth...

Forced into the future

Much had already been said about the State...
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Sounding distress call as health facilities, manpower are swamped, doctors lead groups seeking ECQ for ‘Mega Manila’

In a letter to President Duterte, through National Task Force Covid-19 chief implementer Secretary Carlito Galvez Jr. and Health Secretary Francisco T. Duque III, the medical community joined together in sounding "a distress signal to the nation: our health-care system has been overwhelmed."
Oil edged lower near $40 a barrel in New York as Opec and allied producers started supplying more crude to a global market where many countries are still struggling to contain the coronavirus. Opec+ will pump about 1.5 million barrels more this month than in...

Advice ignored by Trump helps Vietnam fight virus

Vietnam beat back its first wave of coronavirus infections by embracing US-supported pandemic strategies that the Trump administration largely ignored. Now the Southeast Asian country is using the plan to combat its first cases in more than three months, seeking to keep its record as...

Herd immunity seems to be developing in Mumbai slums

Around six in 10 people living in some of India’s biggest slums have antibodies for the novel coronavirus indicating they’ve recovered from infection, in what appears to be one of the highest population immunity levels known worldwide. The findings, from a July serological survey of...

Hackers are targeting the remote workers who keep your lights on

In July alone, hackers took over the Twitter accounts of US politicians, stole terrabytes of coronavirus research and even infiltrated the UK’s Premier League soccer clubs. Can they cut off your electricity, too? They’re trying. With millions of Americans now working from home—including the people...

US economy shrinks at record 32.9% pace in second quarter

The US economy suffered its sharpest downturn since at least the 1940s in the second quarter, highlighting how the pandemic has ravaged businesses across the country and left millions of Americans out of work. Gross domestic product (GDP) shrank 9.5 percent in the second quarter...

Outbreak may prompt tighter lockdown in Melbourne

Australia’s second-most populous state has recorded 627 new coronavirus infections in the past 24 hours as public health officials examine data from the first half of Melbourne’s six-week lockdown to determine what’s going wrong. Victoria Premier Daniel Andrews said Friday that over the next two...

Trump floats delaying November 3 polls but lacks authority to do so

President Donald J. Trump raised the notion of delaying the November 3 election until after the coronavirus pandemic eases, something he cannot do without the consent of lawmakers who have already rejected the idea. In a tweet, Trump asked if the election should be delayed...

5 Tips for Managing an Underperformer—Remotely

By Liz Kislik While a majority of employers believe that their employees will return to their workplaces after Covid-19’s impact diminishes, working from home isn’t going to disappear. The reality is...

DA distributes gilts to Caraga hog raisers under restocking scheme

Davao City—The Department of Agriculture (DA) distributed gilts, or young female pigs, to an association of raisers to increase hog supply in the Caraga region. DA-Caraga Regional Director Abel James Monteagudo turned over 33 heads of gilts to the Caraga Swine Raisers Incorporated (Carsi). The...

LandBank lends P220 million for Samar water project

The Land Bank of the Philippines (LandBank) announced it agreed to lend P220 million to the Can-avid municipal government in Eastern Samar to fund a water service project in the fourth-class municipality of 28 barangays. In a statement on Monday, it was detailed that Can-avid’s...

Nearly 10.7-billion liters injected with fuel markers

The government marked nearly 10.7 billion liters in fuel since September last year as it aims to put an end to oil smuggling in the country. From September until end-July this year, the government already injected fuel markers on a total of 10.66 billion liters,...

Cebu Landmasters keeps Aa rating on P5-billion Series A-C corporate notes

A local credit rating firm has maintained its rating on regional property developer Cebu Landmasters Inc. for its outstanding P5-billion Series A to C corporate notes that it issued in 2018. The company said Philippine Rating Services Corp. retained its rating of “PRS Aa,” with...

Bank’s financial inclusion tech app downloaded nearly every second

The Yuchengco-owned financial inclusion application, or app, “DiskarTech” has already gained traction less than a month since its launch with 50 Filipinos downloading it every minute. Rizal Commercial Banking Corp. (RCBC) said that the app was downloaded over half a million times as of July...

Banks may book higher opex on tech investment–Moody’s

The banking industry may book higher operating expenses (opex) in the next few years as it ramps up investment in technology amid the shift to digital, Moody’s Investor Services said. The debt watcher said the lockdown measures and social distancing practice have prompted the surge in online banking transactions...

ADB inks deals for Malolos-Clark rail project

A joint venture between a Spanish and a Filipino firm and a South Korean firm bagged the first two civil contracts for the Malolos-Clark Railway Project financed by the Asian Development Bank (ADB). ADB said in a statement that the two civil works contracts amounted to P38 billion, or...
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Masks made from abaca cut Covid’s plastic waste

Fiber from a relative of the banana tree—the abaca—could replace plastic in millions of face masks and hospital gowns the world is making to fight the coronavirus. Abaca—a fiber from the Philippines used in teabags and banknotes—is as durable as polyester but will decompose within...

PHL to compete in first online International Math Olympiad

With the pandemic affecting all sorts of gatherings and travels, the toughest mathematics competition in the world will be held online. The 61st International Mathematical Olympiad (IMO), originally set to be held last July in St. Petersburg, Russia, will push through but via the first-ever...

Ateneo’s ‘Mathinic’ makes math tick for new normal

As teachers scramble for ways to find a viable and effective way of teaching mathematics in the new normal, the  Ateneo de Manila University (ADMU) developed an online platform that makes math more interesting, compelling and engaging for students. Developed by a team led by...

D.O.S.T. approves R&D Centers for garlic, queen pineapple

With the challenges brought by the Covid-19 pandemic, the Department of Science and Technology (DOST) is responding to threats to health emergencies and is keeping the food supply chain safely running through Research and Development and transfer of R&D outputs. The DOST recently approved two...

With innovations, inventions do incentives follow?

By Edwin P. Galvez Government programs extending financial, technical and other forms of assistance for the country’s innovative ecosystem are already in place, and all that innovators must do is submit a proposal to avail of between P50,000 and P12.5 million as grant or loan.

Laguna LGU inks MOA with DOST-FPRDI to mass-produce bamboo-framed face shield

The Forest Products Research and Development Institute of the Department of Scieince and Technology (DOST-FPRDI) and the local government of Cabuyao City recently signed a memorandum of agreement (MOA) on the mass production of bamboo-framed face shields. Under the MOA, the DOST-FPRDI will provide the...

Putting ethics before profits on Covid-19 cure

As Covid-19 surges in the United States and worldwide, even the richest and best insured Americans understand, possibly for the first time, what it’s like not to have the medicines they need to survive if they get sick. There is no coronavirus vaccine, and the...

Sachet economy killing oceans, threatening biodiversity

Rice, sugar, coffee, vinegar, soy sauce, shampoo and tooth paste. These are some of the basic commodities that people need and many Filipinos would often prefer to buy in small...

Elite cycling back in Italy

SIENA, Italy—Elite cycling and the International Cycling Union (UCI) World Tour resumed Saturday with the Strade Bianche race in Tuscany following a five-month break due to the coronavirus. Belgian rider Wout van Aert won the men’s race and Dutch rider Annemiek Van Vleuten was first in the women’s event.