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F00:53 Business World L
Government eyes P3-trillion borrowings in 2021 THE government is eyeing to borrow P3 trillion next year in order to fund more than half of its spending plan and plug the ballooning deficit, Finance Secretary Carlos G. Dominguez III said on Thursday. “For 2021, we expect to borrow roughly P3 trillion, roughly the same as what we (plan to borrow) in 2020,” he said in an online press briefing on Thursday. This represents 66.67% of the P4.506-trillion proposed budget ceiling for next year. ...
F00:53 Business World L
Eight flagship infrastructure projects worth P370 billion shelved THE government has shelved eight major infrastructure projects worth P370 billion under its flagship program, as it seeks to conserve resources and prioritize shovel-ready ones with high economic and jobs impact. Vivencio B. Dizon, the presidential adviser for flagship infrastructure projects, on Thursday said the government also added 13 new projects that it deems crucial for post-pandemic recovery. In an online press briefing, Mr. Dizon said they retained 92 infrastructure projects worth P4. ...
F00:53 Business World L
DBCC cuts GDP outlook on pandemic impact By Beatrice M. Laforga Reporter THE government now expects gross domestic product (GDP) to contract by 5.5% this year, lowering the outlook amid the widening economic fallout from the coronavirus disease 2019 (COVID-19) pandemic. The Development Budget Coordination Committee (DBCC) on Thursday said it further downgraded its GDP projection to -5.5% this year, from the -2% to -3. ...
F00:53 Business World L
GDP plunges to worst on record By Marissa Mae M. Ramos Researcher THE Philippine economy shrank for the second consecutive quarter, plunging into a recession for the first time in nearly three decades, data by the Philippine Statistics Authority (PSA) showed. Gross domestic product (GDP) slumped by 16.5% in the second quarter, the PSA said on Thursday. This was the economy’s biggest contraction on record based on available government quarterly data dating back to 1981. ...
F00:37 Tempo L
Tempo 07 August 2020, Friday issue
F00:37 Tempo L
Treat med workers as humans BY JOHNNY DAYANG * For trying to account the state of the country’s health capacity in times of pandemic, the medical frontliners, instead of being praised for their efforts, was accused of demeaning the government for not directly reporting their appeal to the President Over 80 medical associations asked for the return […]
F00:37 Business World L
Virtual Cinemalaya kicks off CINEMALAYA, the country’s largest independent film festival, is back for its 16th year though unlike other years where it was held in the halls and theaters of the Cultural Center of the Philippines (CCP), the pandemic has forced the festival to go online. But instead of being a setback, the online installment of the festival can be viewed more as an experiment on how things may go in the near future, though its organizers said it may not be a seamless experience for now. “It’s a brave new world. ...
F00:37 Business World L
IMI licensed to make COVID-19 ventilators AYALA-LED Integrated Micro-Electronics, Inc. (IMI) has been licensed to manufacture a ventilator that is said to help coronavirus disease 2019 (COVID-19) patients with breathing difficulties. In a statement on Thursday, the listed electronics manufacturer said it received certification from the Food and Drug Administration for its non-invasive ventilatory support product. ...
F00:37 Business World L
Cebu Pacific parks four more planes BUDGET CARRIER Cebu Pacific is sending four more aircraft to Alice Springs, Australia as part of its cost-cutting measures, a company official said. “Confirming storage of four ATR aircraft. Now on their way to Alice Springs,” Candice A. Iyog, Cebu Pacific vice-president for marketing and customer service, told BusinessWorld in a phone message on Thursday. On July 24, the budget carrier, operated by publicly listed Cebu Air, Inc. ...
F00:37 Business World L
Ayala Land finishes P12-B REIT offering AREIT, INC. of Ayala Land, Inc. (ALI) has completed the country’s first real estate investment trust (REIT) offering and is set to list at the Philippine Stock Exchange next week. In a disclosure on Thursday, ALI said AREIT has ended the offer period for its P12.33-billion initial public offering on Monday, which saw a twice […]
F00:37 Business World L
PXP Energy raises stake in Canada-based unit MANUEL V PANGILINAN-LED PXP Energy Corp. has increased its stock ownership in its gas and oil exploration unit based in Canada that is exploring a petroleum block in the contested West Philippine Sea. The company told the stock exchange on Thursday that it acquired 450 million new shares of FEC Resources, Inc. via a stock rights offering at $1.01 million (around P50 million) or $0.00225 each share. This raised its shareholding to 78.39% from 54.99% of the holding firm. ...
F00:37 Business World L
San Miguel incurs P4-B net loss as Petron becomes unprofitable SAN MIGUEL CORP. (SMC) booked a P4-billion net loss in the six months to June, as its fuel unit became unprofitable during the coronavirus-related quarantine. In an investor presentation posted on its website on Thursday, SMC said the coronavirus pandemic made it bleed in the first semester, reversing its net income of P26.15 billion in the same period last year. Consolidated revenues dropped 31% to P352.8 billion, as income from operations contracted 74% to P14.93 billion. ...
F00:37 Business World L
Alliance Global to diversify for new revenue sources By Denise A. Valdez Senior Reporter ALLIANCE GLOBAL GROUP, Inc. (AGI) is embarking on an earnings diversification and digitalization strategy to help support recovery from the impact of the coronavirus pandemic. In the company’s annual stockholders’ meeting held virtually on Thursday, AGI Vice-Chairman and CEO Kevin Andrew L. Tan introduced a five-point recovery strategy which centers on opening new revenue streams to support its finances. ...
F00:37 Business World L
7-Eleven operator swings to P494- million net loss PHILIPPINE SEVEN CORP., the local operator of 7-Eleven stores, swung to a P493.5-million net loss in the second quarter as an effect of the coronavirus pandemic In a statement on Thursday, the listed company said it reversed its P373.2-million net income last year due to the temporary closure of some stores, supply chain disruptions and reduced foot traffic when parts of the country were under strict lockdown. System-wide sales, or the retail sales from all 7-Eleven stores, dropped 31% to P9. ...
F00:37 Business World L
PLDT profit up nearly 16%, plans cost control after ‘worrisome’ Q2 By Arjay L. Balinbin Senior Reporter PLDT, INC.’s second-quarter attributable net income grew 15.8% to P6.37 billion from P5.5 billion posted in the same period last year, driven by the surge in data and broadband revenues amid the coronavirus pandemic. The second-quarter net income is 7.8% up from P5.91 billion earned in the first three months of the year. In a regulatory filing on Thursday, PLDT said its telco core income (excluding Voyager Innovations, Inc.) as of June stood at P13.9 billion. ...
F00:37 Business World L
Car firms keep year’s sales goal despite new lockdown measure By Jenina P. Ibañez, Reporter/em THE CAR INDUSTRY is retaining its sales projection despite the two-week return to a strict lockdown in Metro Manila and four key economic areas. “We still maintain the revised target of down by 40% from last year,” Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) Rommel R. Gutierrez said […]
F00:37 Manila Bulletin L
NBA: LeBron James brushes off Trump blast ‘We could care less,’ says LeBron LeBron James #23 of the Los Angeles Lakers during the National Anthem against the Oklahoma City Thunder as part of the NBA Restart 2020 on August 5, 2020 at HP Field House at ESPN Wide World of Sports Complex in Orlando, Florida. (Jim Poorten / NBAE via Getty Images / AFP) Los Angeles Lakers superstar LeBron James hit back at Donald Trump on Wednesday after the US President branded NBA stars who kneel during the national anthem “disgraceful. ...
F00:21 GMA News L
Seaman na napurnada ang muling pagsampa sa barko, nakabawi sa negosyong ginagamitan ng lupa Sa loob ng 27 na taon, ang dagat ang naging buhay ng 54-anyos na si Ely Feria bilang isang seaman. Pero nang mapurnada ang muli sana niyang pagsampa ng barko dahil sa COVID-19 pandemic, sa negosyong may lupa siya nakabangon at nakabawi.
F00:21 GMA News L
Global recovery will come faster if COVID vaccine available to all - WHO chief Economic recovery around the world could come faster if any COVID-19 vaccine is made available to all as a public good, World Health Organization (WHO) Director General Tedros Adhanom Ghebreyesus said on Thursday.
F00:21 Remate L
SHOOT-TO-KILL SA MGA LALABAG SA MECQ Ayoko na sanang patulan itong kayabangan ng isang hepe ng Quezon City Task Force Disiplina na nagbanta sa mga nasasakupan niyang lungsod na ang sinoman ang lalabag sa Modified Enchance Community Quarantine ay shoot-to-kill ang kanyang igagawad sa mga lalabag. Noong isang araw kasi ay nag-post itong si Quezon City Task Force Disiplina head Rannie Ludovica ng kanyang panggagalaiti […] The post SHOOT-TO-KILL SA MGA LALABAG SA MECQ appeared first on REMATE ONLINE.
F00:21 Remate L
20th MEETING OF THE ASEAN WORKING GROUP ON WATER IDINAOS VIA ZOOM Sa patuloy na pagharap ng mundo sa Coronavirus Disease 2019 pandemic kung saan nasa 300,929 na ang nag-positibo sa Southeast Asian region o katumbas ng 1.62% ng world count na nasa 18.57 million na, idinaos sa pamamagitan ng Zoom video conferencing ang 20th Meeting of the ASEAN Working Group on Water Resources Management (AWGWRM) nitong […] The post 20th MEETING OF THE ASEAN WORKING GROUP ON WATER IDINAOS VIA ZOOM appeared first on REMATE ONLINE.
F00:21 Remate L
HEALTH PROTOCOLS SA PUBLIC TRANSPORTATION IPATUPAD Inanunsyo ng DOH na magtatalaga ng isang working committee ang pamahalaan at medical societies para mapag-usapan ang strategies para labanan ang pagdami ng kaso ng COVID-19. Magandang hakbang ito upang hindi puro military solutions na mula sa mga hereral ang napakikinggan kundi ‘yung galing din sa medical experts. Importante rin ang opinyon ng mga ekonomista […] The post HEALTH PROTOCOLS SA PUBLIC TRANSPORTATION IPATUPAD appeared first on REMATE ONLINE.
F00:21 Remate L
KORAPSYON SA PHILHEALTH TULDUKAN NA Matapos ang pagkakabunyag ng isyu sa umano’y iregularidad sa PhilHealth kaugnay ng dialysis treatment nitong nakaraang taon, ito naman at bumungad ang panibagong anomalya na kinasasangkutan ng P15 billion na pondo ng ahensya. Tila ba may mali sa sistema ng PhilHealth at naipagpapatuloy pa rin ang ‘di naaayong gawain sa loob nito na dapat nang […] The post KORAPSYON SA PHILHEALTH TULDUKAN NA appeared first on REMATE ONLINE.
F00:21 Tempo L
Enjoy, but practice safe sex BY RICA CRUZ * Hi Doc Rica, I wanted to meet up with this guy I met on tinder for sex. Pero nag-lockdown so hindi kami agad nakapagkita. So when it was GCQ na I met up with him and had our long overdue sex. Medyo rough and I enjoyed it naman. […]

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