Monthly Archives: October 2020

World Bank sees 5% drop in remittances

Published by rudy Date posted on October 31, 2020

by Ben O. de Vera, Philippine Daily Inquirer, 31 Oct 2020 The World Bank expects remittances from Filipinos living and working overseas to decline by 5 percent this year even as the Philippines will remain the fourth-biggest recipient of these dollar inflows due to cheap remittance fees.

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Binondo-Intramuros Bridge 44 percent accomplished

Published by rudy Date posted on October 31, 2020

(The Philippine Star), 31 Oct 2020 On Oct. 30, Manila Mayor Isko Moreno visited the Binondo-Intramuros (BI) Bridge Project to inspect its progress in the company of the Chinese Ambassador Huang Xilian.

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More Pogos to shut down in Subic

Published by rudy Date posted on October 31, 2020

by Leila B. Salaverria, Philippine Daily Inquirer, 31 Oct 2020 Philippine offshore gaming operators (Pogos) in the Subic Freeport are set to close down because of the economic difficulties brought about by the new coronavirus pandemic, according to Subic Bay Metropolitan Authority (SBMA) chair Wilma Eisma.

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PH runs after fleeing Pogos’ taxes to bolster COVID-19 war chest

Published by rudy Date posted on October 31, 2020

by Ben O. de Vera, Philippine Daily Inquirer, 31 Oct 2020 MANILA, Philippines — Despite an exodus of Philippine offshore gaming operators (Pogos) trying to avoid not only their tax payments but also the surging coronavirus disease 2019 (COVID-19) infections here, the Bureau of Internal Revenue (BIR) is running after their taxes due to shore…

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DICT, Plan International Philippines work together for safer online spaces for girls, young women

Published by rudy Date posted on October 30, 2020

by Manila Standard, 30 Oct 2020 In celebration of the International Day of the Girl, the Department of Information and Communications Technology (DICT) is working with the development and humanitarian organization Plan International Philippines on the #FreeToBeOnline campaign to ensure safer online spaces for girls and young women.

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Pandemic slashes international tourism by 70%, says UN

Published by rudy Date posted on October 30, 2020

by Agence France-Presse, 30 Oct 2020 International tourists arrivals plunged by an annualized 70% during the first eight months of 2020 because of the coronavirus pandemic, the World Tourism Organization (WTO) said Tuesday.

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Dangerous or empowering? Signups on sugar daddy dating site rise among young women in PH amid pandemic

Published by rudy Date posted on October 30, 2020

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30 Oct 2020 – Bilyonaryos back to pre-pandemic level: Lucio Tan gains $800M in October, leapfrogs Sy-blings to No. 3

Published by rudy Date posted on October 30, 2020

By Bilyonaryo, 30 Oct 2020 The Philippines’ ultra-wealthy had a feast in October as their collective fortunes bounced back to pre-coronavirus level.

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Six months into pandemic, MSMEs still hurting – ADB

Published by rudy Date posted on October 30, 2020

by Czeriza Valencia (The Philippine Star), 30 Oct 2020 MANILA, Philippines — Six months into the pandemic, almost half of the country’s micro, small and medium enterprises (MSMEs) still suffer from diminished revenues and capital shortage, according to an assessment of the Asian Development Bank (ADB).

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Teleperformance offers 2,000 jobs in new Cavite site

Published by rudy Date posted on October 30, 2020

by Louella Desiderio (The Philippine Star), 30 Oct 2020 MANILA, Philippines — Outsourcing firm Teleperformance Philippines is opening over 2,000 full-time jobs for its new site in Cavite which is set to begin operations next month.

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‘Metro Manila office vacancy rate highest in over a decade’

Published by rudy Date posted on October 30, 2020

by Catherine Talavera (The Philippine Star), 30 Oct 2020 MANILA, Philippines — Vacancy in the Metro Manila office market is seen to post its highest level since the global financial crisis by the end of the year, driven by Philippine offshore gaming operators (POGOs) vacating spaces and business process outsourcing (BPO) firms rationalizing their office…

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UN, World Bank urge school openings amid pandemic

Published by rudy Date posted on October 29, 2020

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Manila signs ordinance prohibiting gender discrimination

Published by rudy Date posted on October 29, 2020

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How COVID-19 will increase inequality in emerging markets and developing economies

Published by rudy Date posted on October 29, 2020

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Achieving a transformative recovery: A trade union briefing on Public Development Banks and the “Finance in Common” Summit

Published by rudy Date posted on October 29, 2020

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Majority of Filipinos believe climate change will affect their lives — Harvard study

Published by rudy Date posted on October 29, 2020

by Gaea Katreena Cabico (Philstar.com), 29 Oct 2020 MANILA, Philippines — Seven in 10 Filipinos expressed concern they will be affected by the impacts of climate change despite having low level of awareness on the issue, a study of Harvard University’s humanitarian research center suggested.

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Pagcor’s 9-month profit plunges 97%

Published by rudy Date posted on October 29, 2020

by Mary Grace Padin (The Philippine Star), 29 Oct 2020 MANILA, Philippines — Earnings of state-run Philippine Amusement and Gaming Corp. (Pagcor) plummeted in the first nine months as its income from gaming operations suffered following the temporary suspension of casino operations due to the pandemic.

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Hot money flees PH in Sept, trebling year-to-date decline — BSP data

Published by rudy Date posted on October 29, 2020

by Daxim L. Lucas, Philippine Daily Inquirer, 29 Oct 2020 MANILA, Philippines — Short-term investments left the country’s financial markets at a faster rate in September, aggravating the the total tally of foreign portfolio funds that have been repatriated by fund managers since the onset of the coronavirus pandemic.

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ETUC Resolution on the protection of the rights of non-standard workers and workers in platform companies (including the self-employed)

Published by rudy Date posted on October 28, 2020

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COVID-19 has worsened ageism. Here’s how to help older adults thrive.

Published by rudy Date posted on October 28, 2020

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Nickel Asia shuts, Philex Mining restarts some mining sites

Published by rudy Date posted on October 28, 2020

by Ramon Royandoyan (Philstar.com), 28 Oct 2020 MANILA, Philippines — Operations of two mining firms were disrupted by the coronavirus disease-2019 (COVID-19) pandemic.

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From plant to paper cup: The economics of coffee in one chart

Published by rudy Date posted on October 28, 2020

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Philex, Apex suspend mining operations

Published by rudy Date posted on October 28, 2020

by Louise Maureen Simeon (The Philippine Star), 28 Oct 2020 Workers test positive for COVID-19 MANILA, Philippines — Philex Mining Corp. and Apex Mining Co. Inc. have suspended operations in their mine sites after some employees tested positive for the coronavirus disease 2019 (COVID-19).

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Digital shift permanent, says survey

Published by rudy Date posted on October 28, 2020

by Lawrence Agcaoili (The Philippine Star), 28 Oct 2020 MANILA, Philippines — The shift by businesses in the Philippines to digital transactions may be permanent as the country continued to impose varying degrees of containment measures to limit the spread of COVID-19, according to a survey conducted by the Economist Intelligence Unit (EIU).

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Group assails DepEd, cites 17 student suicide cases

Published by rudy Date posted on October 28, 2020

by Ding Cervantes (The Philippine Star), 28 Oct 2020 CLARK FREEPORT, Pampanga, Philippines — A youth group is challenging the Department of Education (DepED) to “prove its claims that suicides should not be linked to distance or modular learning” amid the COVID-19 pandemic, after the group monitored at least 17 suicide incidents among students so…

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Philippines moves up in sustainable trade index

Published by rudy Date posted on October 28, 2020

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DOLE teams up with ride-hailing firm to provide jobs to displaced workers through FreeBis

Published by rudy Date posted on October 27, 2020

by Alexandria Dennise San Juan, Manila Bulletin, 27 Oct 2020 The Department of Labor and Employments (DOLE) has teamed up with ride-hailing company Grab Philippines through its Free Bisiklete (FreeBis) initiative to provide livelihood opportunities to displaced Filipino workers as delivery partners within the firm’s platforms.

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Pangangaliwa, maituturing na ‘psychological violence’ – Korte Suprema

Published by rudy Date posted on October 27, 2020

by ABS-CBN News, 27 Oct 2020 MAYNILA – Maituturing na psychological violence laban sa kababaihan ang pagkakaroon ng kabit ng mister, ayon sa ruling na kinatigan ng Supreme Court.

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Test, trace, and targeted support: 4 ways to rescue the economy from the pandemic

Published by rudy Date posted on October 27, 2020

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6 lessons for creating blockchain standards

Published by rudy Date posted on October 27, 2020

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