Pandemic disrupts PHL’s sustainable development gains: Chua

THE COUNTRY’S progress towards achieving the sustainable development goals (SDGs) laid out by the United Nations has been affected by the pandemic, Socioeconomic Planning Secretary Karl Kendrick T. Chua said.  “We will be seeing some changes, but it doesn’t mean that they are insurmountable. We have seen some of these indicators where we have significant […]

Editorial: Fat loot

No small thanks for the enterprise that unveiled billions of questionable transactions involving Covid-19 response funds. Blue Ribbon Committee senators are fighting one “true troll” after another, doggedly pursuing the investigative trail that linked top executives to the anomalous Pharmally Pharmaceutical Co., now a phantom of sorts with a fake address. At the outset of […]

Philippines may face ‘deep scarring’ from pandemic — Moody’s

The Philippines may face “deep scarring” or long-lasting economic losses due to the prolonged pandemic, Moody’s Investors Service said on Friday.   “Many have been challenged to contain the pandemic, such as Peru, the Philippines  and India, heightening uncertainties around the effective reopening of their economies amid new waves of the virus since the start of the year,” […]

FSCC looking to address emerging risks from debt servicing issues

THE FINANCIAL Stability Coordination Council (FSCC) is formulating initiatives to respond to systemic risks stemming from borrowers’ inability to pay their debts due to the coronavirus pandemic, Bangko Sentral ng Pilipinas (BSP) Governor and FSCC Chairman Benjamin E. Diokno said. “We have to deal with the systemic risk itself, meaning the difficulty of borrowers to […]

Editorial: Burning bodies

Complementing SunStar Cebu’s Associated Press (AP) story on the global state of the Covid-19 pandemic hitting four million is a photograph of a woman, all wrapped in a safety suit, on her knees, apparently wailing her heart out in immeasurable grief. The elements rose up behind her, smoke and fire from an ongoing cremation of […]

Libre: G7 Summit 2021

As of Thursday, June 17, 2021, the World Health Organization recorded 176,693,988 confirmedCovid-19 virus cases with 3,830,304 deaths. In the data tallied by Johns Hopkins University, it was revealed that more people died of the virus in 2021 than in 2020. Of the total deaths, 1.88 million were counted as of Dec. 31, 2020 with […]

Comelec mulls adjusting 2022 election campaign rules due to COVID-19

The Commission on Elections (Comelec) said it is considering modifying its rules and processes for the 2022 national and local elections due to the ongoing coronavirus disease 2019 (COVID-19) pandemic. These include the possibility of virtual debates among presidential candidates, safety protocols, and changes in absentee voting.  In its first media briefing on the 2022 national and local elections on Friday, the poll body said that […]

Pandemic response to be part of national security plan — DND

PANDEMIC response would become a top national security priority, the country’s Defense chief said on Sunday, more than a year since the coronavirus pandemic started. Government response to pandemics would be included in the country’s national security plan, Defense Secretary Delfin N. Lorenzana said in a Viber message. “This pandemic has clearly demonstrated that health […]

HKTDC International Sourcing Show: Fashion industry experts reveal post-pandemic moves

HONG KONG, Apr 12, 2021 – (ACN Newswire via – As the fashion world continues to react to the impact of the pandemic, a new paradigm is emerging within the industry. The HKTDC International Sourcing Show | ONLINE hosted three fashion-related webinars last month, with industry experts revealing the changes and opportunities that the […]

Editorial: Isolating kleptocrats

Except for a select sector of serious advocates, corruption in this country seems rather abstract as far as public imagination is concerned. Even the most incendiary exposés of graft in time easily fizzles into small talk among citizens, never amounting to serious, enduring crusades. So don’t wonder why in this pandemic, even if indications of […]

Industries told to ‘dance’ with Covid-19 pandemic

THE Cebu IT BPM Organization (Cib.O) said industries must “dance” more efficiently and effectively with the coronavirus disease 2019 (Covid-19) pandemic, and innovate to sustain the economy. Cib.O president Pert Cabataña said government must push for development outside the urban areas. “A congested Metro Cebu is a major transmission area for Covid-19, and it will […]

No to ‘Cha-cha’ at this time

The Financial Executives Institute of the Philippines (FINEX) released the following statement last month in reaction to the House of Representatives’ renewed push for Charter change (Cha-cha): “We agree that the economic provisions of the Constitution must be amended to make the country a more attractive investment destination. Having said that, we are strongly opposed […]