July 28, 2022
EDITORIAL - Earthquake resilience
Source Philippine Star
Outlook dims for H2 despite IMF growth upgrade
Philippine Daily Inquirer, July 28, 2022
Ben O. de Vera
The Philippines’ economic prospects for the second half of the year looked dimmer mainly due to external shocks, even as the International Monetary Fund (IMF) upped its 2022 growth forecast to 6.7 percent...
DOH, NVOC OK 2nd Covid booster for 50 and up, 18-49 w/ comorbidities
BusinessMirror, July 28, 2022
Claudeth Mocon-Ciriaco
Operations Center (NVOC) has issued the guidelines for the nationwide rollout of the fourth dose for all adults aged 50 and above, and individuals 18-49 years of age with comorbidities...
NG to borrow P215B locally in Aug.
BusinessWorld, July 28, 2022
Diego Gabriel C. Robles
The National Government (NG) plans to borrow P215 billion from the domestic market in August, the Bureau of the Treasury (BTr) said on Wednesday...
Agony in Abra
The Manila Times, July 28, 2022
Catherine S. Valente, Thom Picaña, Arlie O. Calalo
Kristina Maralit and Francis Earl Cueto
Buildings and houses were either toppled or flattened when a magnitude 7.0 earthquake hit the province of Abra on Wednesday morning...
28.6 million students expected this year
Daily Tribune, July 28, 2022
Neil Alcober
The Department of Education (DepEd) is expecting around 28.6 million learners to enroll for the upcoming school year, its spokesperson said yesterday...
7.0 Luzon earthquake: 5 dead, 1,200 structures damaged
Philippine Daily Inquirer, July 28, 2022
Norman Aba, his two cousins and a 10-year-old niece were at the topmost floor of the Bantay Watchtower built from stone outside of this city when the 431-year-old structure swayed slowly and then wobbled violently on Wednesday morning...
Marcos says no need to declare state of national calamity yet after Luzon quake
CNN Philippines, July 27, 2022
CNN Philippines Staff
President Ferdinand "Bongbong" Marcos Jr. sees no need to declare a state of national calamity yet following the magnitude 7 earthquake that struck parts of Northern Luzon on Wednesday...
DTI-BPS adopts ULSE benchmark on electrical wiring devices as PNS
BusinessMirror, July 27, 2022
Andrea E. San Juan
The Department of Trade and Industry’s Bureau of Philippine Standards (DTI-BPS) has recently adopted and promulgated three international standards on electrical wiring devices as Philippine National Standards (PNS)...
Speaker assures quick OK of 8 priority bills
Manila Standard, July 28, 2022
Maricel Cruz and Macon Ramos-Araneta
Eight of the 19 legislative priority measures enumerated by President Ferdinand Marcos Jr. in his first State of the Nation Address (SONA) on Monday are eligible for swift approval under Rule 10, Section 48 of the House of Representatives, Speaker Martin G. Romualdez said Wednesday...
Senior citizens, PWDs get 5% rebates on online buys
Manila Standard, July 27, 2022
Othel V. Campos
The Department of Trade and Industry said Wednesday senior citizens and persons with disabilities are entitled to 5-percent rebates on basic necessities and prime commodities purchased online...
SC bans display of unauthorized seal on vehicles
Manila Standard, July 27, 2022
Rey E. Requejo
The Supreme Court (SC) has banned the unauthorized display of the High Tribunal’s official seal on private cars and non-official court vehicles under pain of punishment...
Law on waste reduction needs support — Villar
Manila Standard, July 27, 2022
Macon Ramos-Araneta
Senator Cynthia Villar is calling on all sectors to assist in the implementation of the Extended Producer’s Responsibility Act of 2022 or RA No. 11898 which lapsed into law on July 22, 2022...
Hontiveros bats for update of bill vs. online abuse
Manila Standard, July 27, 2022
Macon Ramos-Araneta
Senator Risa Hontiveros on Wednesday renewed her call to amend the decade-old anti-cybercrime law to be updated to curb online child abuses...
Marcos to push for bill creating disaster resilience department
CNN Philippines, July 27, 2022
CNN Philippines Staff
President Ferdinand “Bongbong” Marcos, Jr. on Wednesday said he will push for the passage of the bill seeking the establishment of a Department of Disaster Resilience...
Hontiveros bats for update of bill vs. online abuse
Manila Standard, July 27, 2022
Macon Ramos-Araneta
Senator Risa Hontiveros on Wednesday renewed her call to amend the decade-old anti-cybercrime law to be updated to curb online child abuses...
Trade department launches ACCP for online dispute resolution, buyer protection
BusinessMirror, July 27, 2022
Andrea E. San Juan
Asean consumers can now access the Learning Management System, which offers modules on consumer protection to raise public awareness and vigilance across the 10 Asean member-states (AMS), to enable better understanding of consumer issues and disputes, according to the Department of Trade and Industry (DTI)...
Take a look at the 'world's only carbon-neutral spaceship'
CNN Philippines, July 28, 2022
Maureen O'Hare, CNN
The space tourism race is now firing on all rockets, but one company is hoping to carve out a niche as "the only carbon-neutral, zero-emission way" to travel to the edge of space...
DFA asks OFWs in Myanmar: Pack up and go home
BusinessMirror, July 28, 2022
Malou Talosig-Bartolome
The Department of Foreign Affairs has reiterated its call to Filipinos in Myanmar to leave the Southeast Asian country as threats and violence are expected to worsen following the execution of four opposition leaders recently...
UN deploys ‘surge teams’ to quake areas as envoys express sympathy for quake victims
BusinessMirror, July 27, 2022
Malou Talosig-Bartolome
The United Nations has immediately dispatched its quick reaction groups to assess how their agencies can help the Philippine government in the assisting the victims of the Magnitude 7.0 quake that hit Luzon Wednesday morning...
Philippines scraps Russian helicopter deal for fear of US sanctions
BusinessWorld, July 27, 2022
Reuters
The Philippines has scrapped a deal to buy 16 Russian military transport helicopters because of fears of US sanctions, the Associated Press reported on Wednesday, citing Philippine officials...
DFA: Alert Level 4 on Myanmar stays ‘until further notice’
Philippine Daily Inquirer, July 27, 2022
Daniza Fernandez
The Department of Foreign Affairs (DFA) said Wednesday that Myanmar remains on Alert Level 4 “until further notice” despite calls for it to downgrade or lift the alarm...
China tells PH it’s ready to restart talks on energy exploration deals
Manila Standard, July 28, 2022
China is ready to restart talks on oil and gas exploration with the Philippines as soon as the latter gives the go signal, Chinese Ambassador Huang Xilian said Wednesday...
China ready to work with Marcos administration on 4 key areas
Philippine Daily Inquirer, July 27, 2022
Daniza Fernandez
China is ready to work with the current administration under President Ferdinand “Bongbong” Marcos Jr. on four key areas...
IMF cuts growth outlook, warns of global recession
The Manila Times, July 28, 2022
Agence France-Presse
Surging inflation and severe slowdowns in the United States and China prompted the International Monetary Fund (IMF) on Tuesday (Wednesday in Manila) to downgrade its outlook for the global economy this year and the next while giving an even starker assessment of what may lie ahead...
Fed hike will intensify market risks for Asian central banks
BusinessMirror, July 27, 2022
The expected 75 basis points interest rate increase from the Federal Reserve this week will heap pressure on its Asian counterparts to speed up monetary tightening—or risk further fund outflows and weaker currencies.
Russian forces capture Ukraine’s second biggest power plant, Ukraine says
Philippine Daily Inquirer, July 28, 2022
Reuters
Russian forces have taken over Ukraine’s second biggest power plant, an adviser to President Volodymyr Zelensky said on Wednesday, following an earlier claim by Russian-backed forces to have captured it intact...
US Senate panel approves update of children’s online privacy bill
Philippine Daily Inquirer, July 28, 2022
Reuters
The U.S. Senate Commerce Committee voted Wednesday to approve a measure that would raise the age children are given special online privacy protections to 16 and bar targeted advertising to children by companies like TikTok and Snapchat without consent...
US says Beijing’s South China Sea ‘provocations’ risk major incident
BusinessWorld, July 27, 2022
Reuters
The United States on Tuesday accused China of increased “provocations” against rival claimants in the South China Sea and said its “aggressive and irresponsible behavior’ meant it was only a matter of time before a major incident or accident...
Monkeypox emergency may last months
BusinessWorld, July 27, 2022
Reuters
Scientists advising the World Health Organization (WHO) on monkeypox say the window is closing to stop its spread, with cases currently doubling every two weeks, raising concerns that it will take several months for the outbreak to peak...
GMA’s Sabah bid abruptly foiled
Daily Tribune, July 28, 2022
Perseus Echeminada
Members of the Sulu Sultanate with the backing of the government had pursued compensation from Malaysia as early as 2004 when the royal clan assessed $26 billion as the amount it should recover for the exploitation of natural resources of the disputed territory of Sabah, a source said yesterday...
Alarm as Earth hits 'Overshoot Day' Thursday — NGOs
Philippine Star, July 28, 2022
Agence France-Presse
Mankind marks a dubious milestone Thursday, the day by which humanity has consumed all earth can sustainably produce for this year, with NGOS warning the rest of 2022 will be lived in resource deficit...
Resuming talks with Russia, Blinken to discuss ‘substantial’ offer on prisoners
Manila Standard, July 28, 2022
Agence France-Presse
US Secretary of State Antony Blinken said Wednesday he will speak to his Russian counterpart for the first time since the Ukraine war to take up a “substantial proposal” to free detained Americans...
Iran says US needs to show it wants nuclear deal revived
Manila Standard, July 28, 2022
Agence France-Presse
Iran said Wednesday the US needs to show “in practise” that it wants a revival of the 2015 nuclear agreement, after an EU coordinator urged parties to accept a draft text of the deal...
Amid monkeypox surge, WHO urges reducing number of sexual partners
Philippine Star, July 28, 2022
Nina Larson, Agence France-Presse
As monkeypox cases surge globally, the World Health Organization called Wednesday on the group currently most affected by the virus -- men who have sex with men -- to limit their sexual partners...
Miners unearth pink diamond believed to be largest seen in 300 years
Philippine Daily Inquirer, July 27, 2022
Agence France-Presse
Miners in Angola have unearthed a rare pure pink diamond that is believed to be the largest found in 300 years, the Australian site operator announced Wednesday...
Japan COVID cases hit record high of 209,694 infections
ABS-CBN News, July 28, 2022
Kyodo News
Japan's daily coronavirus cases hit a record high of 209,694 on Wednesday, with health experts urging "maximum vigilance" as the country continues to struggle with its seventh wave of infections driven by the highly transmissible BA.5 Omicron subvariant...
Long-lasting loss of smell, taste in 5% of Covid cases: study
ABS-CBN News, July 28, 2022
Agence France-Presse
Around five percent of people who have had Covid-19 develop long-lasting problems with their sense of smell or taste, a large study said Thursday, potentially contributing to the burden of long Covid...
PBed urges EDCOM2 to do K-12 review
BusinessMirror, July 27, 2022
After the Second Education Commission (EDCOM 2) bill has lapsed into law, the Philippine Business for Education (PBEd) has expressed optimism that the skills mismatch hounding K to 12 program will be addressed to prepare students for adequate job opportunities...
DBM reviews phasing of devolution transition
BusinessWorld, July 28, 2022
Diego Gabriel C. Robles
Major infrastructure projects and other big-ticket items should still be under the National Government for now, amid ongoing discussions on what functions and projects should be completely devolved to local government units (LGU), according to Department of Budget and Management (DBM) Secretary Amenah F. Pangandaman...
NG wants to continue leading infra projects
The Manila Times, July 28, 2022
Mayvelin U. Caraballo
Budget Secretary Amenah Pangandaman said the national government should continue to be in charge of carrying out significant infrastructure projects rather than local governments, which are allowed to do so under the Mandanas decision...
COVID booster coverage expands as 4.25 million doses expire
Philippine Daily Inquirer, July 28, 2022
Dona Z. Pazzibugan, Tyrone Jasper C. Piad
Health authorities have expanded the coverage of the second COVID-19 vaccine booster to adults at least 50 years old and those age 18 to 49 with existing medical conditions...
DA to probe artificial sugar shortage
Philippine Daily Inquirer, July 28, 2022
Jordeene B. Lagare
The Department of Agriculture (DA) will look into claims of artificial shortage or manipulation that supposedly caused hefty spikes in sugar prices, according to an official...
808 aftershocks recorded so far after Abra earthquake
Philippine Daily Inquirer, July 28, 2022
Zacarian Sarao
The number of aftershocks following the magnitude 7.0 earthquake in Abra is now at 808, the Philippine Institute of Volcanology and Seismology (Phivolcs) said Thursday morning...
No significant damage to train lines, airports
Philippine Daily Inquirer, July 28, 2022
Tyrone Jasper C. Piad and Dexter Cabalza
Operations of the Light Rail Transit (LRT) 1, LRT 2, Metro Rail Transit 3, and Philippine National Railways were briefly suspended following Monday morning’s earthquake but were resumed before noon...
More aftershocks recorded as Magnitude 5.1 quake rattles Isabela
The Manila Times, July 27, 2022
Arlie O. Calalo
More aftershocks were recorded by the Philippine Institute of Volcanology and Seismology (Phivolcs) after a magnitude 7.0 earthquake struck the province of Abra on Wednesday morning...
NTC orders telcos: Provide free calls, charging stations in quake-hit areas
Philippine Daily Inquirer, July 27, 2022
John Eric Mendoza
The National Telecommunications Commission on Wednesday ordered all public telcos to provide free call and charging stations in areas affected by the 7.0 earthquake in Abra...
House cuts number of deputy speakers from more than 30 to 9
Philippine Daily Inquirer, July 28, 2022
Jeannette I. Andrade, Julie M. Aurelio
It seems congressmen are beginning to realize that too many chefs spoil the national soup. This emerged as the House of Representatives, under Speaker Martin Romualdez, elected on Wednesday only nine deputy speakers, a far cry from the more than 30 deputy speakers elected in the 18th Congress...
NCR logs hike in hospitalization due to COVID-19
Manila Standard, July 28, 2022
Willie Casas
Hospitalization for COVID-19 has gone up in Metro Manila, independent researchers said Wednesday. The OCTA Research Group said the COVID-19 health care utilization rate (HCUR) in the National Capital Region (NCR) rose to 35.6 percent as of July 25, an increase over the 31.7 percent recorded on July 24...
DICT eyes deployment of Starlink services to communities by Q1 2023
BusinessWorld, July 28, 2022
Arjay L. Balinbin
The Department of Information and Communications Technology (DICT) expects to deploy Starlink broadband service to geographically isolated and disadvantaged communities by the first quarter of 2023...
Education chief mobilizes disaster management teams in quake-hit areas
The Manila Times, July 27, 2022
Kaithreen Cruz
Vice President and Education Chief Sara Duterte-Carpio activated the Disaster Risk Reduction and Management (DRRM) teams in areas affected by the magnitude 7.0 earthquake in Abra on Wednesday morning...
Group asks DOTr to bare transport route scheme
Manila Standard, July 27, 2022
Rio N. Araja
An advocacy group on Wednesday urged the Department of Transportation and its attached agency, the Land Transportation Franchising and Regulatory Board (LTFRB) to immediately release their route rationalization plan (RRP)...
PBBM urged to revive unit vs Zero Hunger
BusinessMirror, July 27, 2022
Jasper Y. Arcalas
President Ferdinand R. Marcos Jr. should revitalize and strengthen the government’s Inter-Agency Task Force against Zero Hunger (IATF-ZH) to improve the country’s fight in ending hunger and malnutrition, an expert said...
PCC assures level playing field in local pharmaceutical market
BusinessMirror, July 27, 2022
Andrea E. San Juan
The Philippine Competition Commission (PCC), in compliance with President Ferdinand “Bongbong” R. Marcos Jr.’s directive, has vowed to ensure fair competition in the pharmaceutical market...
DILG orders review of drug raps in bid to improve conviction rate
Manila Standard, July 27, 2022
Joel E. Zurbano
The Department of the Interior and Local Government (DILG) has ordered a review of all drug-related cases the police have filed in court in a bid to increase their conviction rate...
DBM, DSWD ready to release financial aid to quake-hit areas
CNN Philippines, July 27, 2022
CNN Philippines Staff
Government agencies are ready to disburse funds to areas in Luzon affected by Wednesday's magnitude 7 earthquake...
PHL rice inventory declines by 12.3% in June
BusinessMirror, July 27, 2022
Jasper Y. Arcalas
The country’s rice inventory as of June fell by 12.3 percent to 2.22 million metric tons (MMT) from last year’s 2.53 MMT, the Philippine Statistics Authority (PSA) said...
Marcos’ infrastructure push to support property market recovery
BusinessWorld, July 28, 2022
Revin Mikhael D. Ochave
The Marcos Administration's increased focus on infrastructure, digital business expansion, as well as its promise to not impose any future lockdowns, will help support the recovery of the property sector, JLL Philippines said...
Medalla tames peso
Philippine Daily Inquirer, July 28, 2022
Ronnel W. Domingo
The Philippine peso is back below 56:$1 after staying above the threshold in 11 out of 13 previous trading days, and has shed its status as worst-performing currency in the region...
Improved Foreign Investments Law aims to draw $10B yearly
Philippine Daily Inquirer, July 28, 2022
Ben O. de Vera
The implementing guidelines of the Amended Foreign Investments Act took effect on Thursday, paving the way to the government’s aspiration of seeing $10 billion in annual foreign direct investments to be drawn into the country by economic liberalization...
Concepcion: Private sector lost P5.1B
The Manila Times, July 28, 2022
Catherine S. Valente
Go Negosyo founder Jose Maria "Joey" Concepcion 3rd on Wednesday said the private sector lost a total of $100.1 million or P5.1 billion from 4,252,830 expired Covid-19 vaccines...
Increased QR Ph adoption to boost digital payments
BusinessWorld, July 28, 2022
K.B. Ta-asan
The Bangko Sentral ng Pilipinas (BSP) expects the increasing adoption of the national Quick Response (QR) Code Standard or QR Ph Person-to-Merchant (P2M) payment facility to boost consumers’ access to safe and efficient digital transactions...
Investors stay on sidelines as PH assesses earthquake impact
Philippine Daily Inquirer, July 28, 2022
Miguel R. Camus
Philippine shares inched higher during an uneventful session on Wednesday while investors waited for a full assessment of the damage caused by a powerful quake in northern Luzon...
Banks’ RR compliant loans reach P277.6 B
Manila Bulletin, July 27, 2022
Lee C. Chipongian
Banks’ loans as alternative compliance to the reserve requirement (RR) amounted to P277.6 billion as of mid-June, unchanged compared to the previous month’s P277.8 billion, based on Bangko Sentral ng Pilipinas (BSP) data...
IMF: BSP has more room to hike interest rates
Philippine Star, July 28, 2022
Lawrence Agcaoili
The Bangko Sentral ng Pilipinas (BSP) has more room to further raise interest rates to check rising inflationary pressures, according to the International Monetary Fund (IMF)...
More Pinoys saving money for emergencies
Philippine Star, July 28, 2022
Louella Desiderio
More than half of Filipinos are increasing the money they are alloting for emergency funds with the economy expected to slow down and the continued rise in prices of goods, according to a survey by global information and insights company TransUnion...
SpaceX to roll out PH services this year
Manila Standard July 27, 2022
Darwin G. Amojelar
Space Exploration Technologies Corp. of US billionaire Elon Musk said Wednesday it expects to commercially roll out satellite broadband services in the Philippines by the end of the year...
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