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AWS expects Asian startups to survive pandemic

Digital technology giant Amazon Web Services expects Asian startups to adapt  to the new business environment amid the coronavirus pandemic this year and sustain their operations next year......»»

Category: financeSource: thestandard thestandardOct 18th, 2020

IOC keeps a close eye on latest POC development

The International Olympic Committee (IOC) expects the Philippine Olympic Committee (POC) to abide by its constitution and push through with its elections before the end of the year. IOC representative to the Philippines Mikee Cojuangco-Jaworski said in her appearance in Tuesday’s online version of the Philippine Sportswriters Association (PSA) Forum that POC will hold its elections this year even if the 2020 Tokyo Olympics was delayed to July next year due to the deadly coronavirus pandemic. “That’s in our by-laws. In other countries, it’s only stated that they will have elections on the Olympic year so naturally that’s 2020. But Olympics was postponed,” said Cojuangco-Jaworski. “But there are countries where the constitution says that whether or not the Olympics pushes through or not there will be elections and we are one of those countries. That is specified. Of course, the IOC expects that we adhere to our own constitution,” she added. Cojuangco-Jaworski, the 2002 Asian Games gold medalist in equestrian, also shared that the IOC is very much aware of what’s happening within the POC. “We at the IOC are regularly in touch,” said Cojuangg-Jaworski, a newly-elected member of the powerful IOC executive committee. The POC was in the news recently because of a heated debate regarding proposed amendments in its constitution and by-laws. But the move to amend the constitution, particularly those concerning a proposed age limit of 70 years old on those seeking elective positions in the POC, was met by a strong opposition. The other key amendments include disallowing persons to hold the position of president in more than one NSA (national sports association), the withdrawal of recognition on NSAs that are no longer affiliated with their IFs (international federations). After two meetings among members of the executive committee, nothing was finalized, and it’s all back to square one. Cojuangco-Jaworski said the IOC has been pushing for amendments in the constitutions of the different NOC (National Olympic Committee). “There are many developments in the Olympic movement and we want to keep up. The IOC wants the amendments to take effect before the different NOCs hold their elections,” said Cojuangco-Jaworski in the session presented by San Miguel Corp. Go For Gold, Amelie Hotel Manila, Braska Restaurant, the Philippine Amusement and Gaming Corporation (PAGCOR), and powered by Smart, with Upstream Medias as official webcast partner......»»

Category: sportsSource:  abscbnRelated NewsJul 28th, 2020

Inclusion of ESports in 2021 SEA Games gets boost

The Philippine Olympic Committee (POC) found an ally in the Asian Electronic Sports Federation (AESF) which called on its member federations to lobby for the inclusion of esports as a medal sport in next year’s Vietnam 31st Southeast Asian Games. AESF Director General Sebastian Lau on Wednesday wrote National Electronic Sports Federation of the Philippines (NESFP) President Ramon Suzara about the continental federation’s intense bid for esports’ inclusion in the Vietnam 31st SEA Games set from November 21 to December 2 next year. “I am writing this letter to seek your support in driving our Olympic collaboration agenda for the upcoming 2021 Southeast Asian (SEA) Games in Hanoi,” Lau wrote. “We found out the news that Vietnam has not included esports as one of the official games, and currently it is in a process where the participating counties send an [appealing] letter to the hosting country Vietnam.” Vietnam organizers said they are hosting no more than 36 sports — from an initial of 46 — because their SEA Games budget were cut almost in half because of the Covid-19 pandemic. Esports didn’t survive the cut. The NESFP is the only e-sports association in the country that is recognized and certified by the AESF and the Global Esports Federation. “The AESF would like our federations in Southeast Asia to be united and support the Olympic collaboration agenda,” Lau said. “To further support our unification, we would like to encourage you to advocate the inclusion of e-sports as a medal event at the 2021 SEA Games in Hanoi.” “This lobby from the AESF is a welcome development for esports,” Suzara said. “All SEA Games countries have already adopted esports and they would want the sport to be played in Vietnam next year.” E-sports has risen by leaps and bounds that the International Olympic Committee (IOC) agreed for its inclusion as a demonstration sport in Paris 2024. Indonesia has included e-sports as a demonstration sport when it hosted the 18th Asian Games in 2018. The Philippines made esports a medal sport during the 30th SEA Games last December, winning three of the six gold medals at stake. Thailand clinched two golds and Malaysia one, while Vietnam settled for three bronze medals. AESF is recognized by the Olympic Council of Asia and lists 45 member countries, including all 11 countries in the SEA Games Federation. It is based in Hongkong.  .....»»

Category: sportsSource:  abscbnRelated NewsJul 16th, 2020

ADB expects PH economy to contract 3.8% in 2020

The Asian Development Bank said Thursday it expects the Philippine economy to contract 3.8 percent this year, a reversal of the actual 6-percent expansion a year ago, because of the debilitating impact of the coronavirus disease 2019 pandemic......»»

Category: financeSource:  thestandardRelated NewsJun 19th, 2020

Philippines vibrant enough to survive pandemic

The economy is strong and vibrant enough to survive the impact of the coronavirus disease 2019 or COVID-19 pandemic just like the recession in the 1980s, the Asian financial crisis in the 1990s, and the global financial crisis in the 2000s, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsApr 7th, 2020

UCPB sees lower 2020 earnings

Government-controlled United Coconut Planters Bank (UCPB) expects its earnings to decline this year due to the impact of the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsOct 18th, 2020

China, Asean have deep unity – minister

BEIJING: The recent diplomatic interactions with Southeast Asian countries have enhanced unity between China and the Association of Southeast Asian Nations (Asean) and deepened the cooperation of regional anti-pandemic fight, Chinese State Councilor and Foreign Minister Wang Yi said. He made the remarks in an interview with Xinhua after holding talks last week with Luhut […].....»»

Category: newsSource:  manilatimes_netRelated NewsOct 18th, 2020

Bangko Sentral revises & lsquo;20 and & lsquo;21 economic targets

The Bangko Sentral ng Pilipinas said Wednesday it expects higher balance of payments surplus and gross international reserves for 2020 and 2021 on the expected recovery of the global economy from the impact of the COVID-19 pandemic......»»

Category: financeSource:  thestandardRelated NewsOct 15th, 2020

IMF expects PH economy to contract deeper by 8.3%

The International Monetary Fund said Tuesday it revised its 2020 gross domestic product forecast for the Philippines to a deeper contraction of 8.3 percent from a previous estimate of a 3.6-percent decline in June on the prolonged impact of the COVID-19 pandemic......»»

Category: financeSource:  thestandardRelated NewsOct 13th, 2020

New Asian Development Bank Blog: Using urban mobility and big data to track the pandemic

An analysis of data from popular transit applications indicates that there is a relationship between increased mobility and COVID-19 cases, but more information is needed to make a definitive link. .....»»

Category: newsSource:  thestandardRelated NewsOct 13th, 2020

DA expects 16% increase in rice production

A 16 percent increase in rice production is anticipated in the third quarter of the year, a good indication of employment attraction in agriculture despite the coronavirus pandemic, Agriculture Secretary William Dar said yesterday......»»

Category: newsSource:  philstarRelated NewsOct 12th, 2020

Filipina Nurse in UK Honored with British Empire Medal for Covid Effort

A Filipina nurse has been honored with a British Empire Medal for her “tireless work to support her colleagues and community” amid the coronavirus disease 2019 (COVID-19) pandemic. Minnie Klepacz, a matron for ophthalmology, leads the hospital’s Black Asian Minority Ethnic (BAME) Network at the Royal Bournemouth Hospital. She has also worked for the hospital […].....»»

Category: lifestyleSource:  abscbnRelated NewsOct 12th, 2020

PAL confirms it’s cutting 35 percent of workforce, or 2,700 employees, before end of 2020

MANILA, Philippines—Philippine Airlines (PAL) confirmed it is reducing its workforce by up to 35 percent as part of a restructuring and recovery plan to survive the COVID-19 pandemic and the slow recovery of the airline industry. In a statement released late on Monday (Oct. 5), the flag carrier said the manpower reduction combines voluntary and […] The post PAL confirms it’s cutting 35 percent of workforce, or 2,700 employees, before end of 2020 appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsOct 6th, 2020

NEDA expects poverty rate to reach 17.5% this year before easing to 14%

Acting Economic Planning Secretary Karl Kendrick Chua said Monday poverty incidence may temporarily climb to 17.5 percent this year because of the economic slowdown amid to the COVID-19 pandemic......»»

Category: financeSource:  thestandardRelated NewsOct 5th, 2020

We now start planning for economic recovery

    THE Philippines, along with the rest of the world, suffered considerable contraction of its economy because of the COVID-19 pandemic. In its October, 2020, Economic Update for East Asia and the Pacific, the World Bank said it expects the Philippine economy to contract by 6.9 percent in 2020. But it should rebound to […].....»»

Category: newsSource:  tempoRelated NewsOct 4th, 2020

PLDT KaAsenso empowers MSMEs to thrive amid pandemic

The new normal brought about by the pandemic has presented a new set of challenges for the Filipino entrepreneur, yet resourceful pinoys have continued to find opportunities to thrive and survive, to further augment their livelihood. In fact, the prolonged work from home setup has brought about a resurgence of putting up one’s own business, and while more and more Filipinos actually have good online business ideas, they realize upon starting that they will need to learn and develop new skills to ensure their business’ continued growth and longevity. .....»»

Category: techSource:  thestandardRelated NewsOct 3rd, 2020

Emerging e-Industries reap benefits from PLDT s increased network build up

Leading industries have turned to technology to survive the economic pivot to the “new normal” with the Philippines’ largest and only integrated telecommunications company PLDT aiding organizations and businesses to adapt and thrive in the current challenges of the pandemic......»»

Category: techSource:  thestandardRelated NewsSep 30th, 2020

World Bank expects PH economy to shrink 6.9%

The World Bank said Tuesday it expects the Philippine economy to contract 6.9 percent this year on the deeper impact of the COVID-19 pandemic, but said a recovery is possible in the next two years if the government successfully manages the health crisis......»»

Category: financeSource:  thestandardRelated NewsSep 29th, 2020

FMIC: Capital market to remain active as more firms raise funds

First Metro Investments Corp, the investment banking arm of the Metrobank Group, said Monday it expects the capital market to remain active, as companies will likely continue to raise funds amid the pandemic......»»

Category: financeSource:  thestandardRelated NewsSep 29th, 2020

BPI Direct BanKo loan disbursements hit P13 billion

The microfinance arm of Ayala-led Bank of the Philippine Islands is helping clients particularly micro, small and medium enterprises survive the coronavirus disease 2019 or COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsSep 28th, 2020

Axelum expects to recover in H2

Axelum Resources Corp., the country’s largest fully integrated manufacturer and exporter of world-class premium coconut products, is looking at recovery in the second half of the year amid the negative impact of the coronavirus disease 2019 or COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsSep 26th, 2020