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Glory amid pandemic

As the human race battled a deadly and invisible foe, Filipino athletes tried hardest to keep in shape......»»

Category: sportsSource: philstar philstarDec 24th, 2020

Cong. Tolentino to lobby return of slashed 2020 PSC budget

Philippine Olympic Committee president and congressman Bambol Tolentino will lobby in the House of Representatives the return of the funds slashed from the national sports agency brought by the coronavirus (COVID-19) pandemic. The Philippine Sports Commission was among the government agencies instructed by the Department of Budget and Management to slice its 2020 budget by more than half. The PSC returned P700 million out of its P900 million budget to be used in the fight against the deadly virus.    PSC’s other source of fund was also severely hit by the health crisis with the dwindling remittance from the Philippine Amusement and Gaming Corporation as most of the country put under community quarantine, forcing the agency to do belt-tightening measures including slashing the national athletes’ allowances in half. Tolentino told reporters on Monday via Zoom press conference that PAGCOR has resumed its remittance. “Nag-remit na ang PAGCOR ulit. I don’t know kung mako-cover na ‘yung portion ng month na nabawasan na ang allowances,” he said. However, anticipating that the remittance won’t be enough, Tolentino announced that he will lobby in Congress the return of the diverted PSC budget. “Pero kung ‘di man ma-cover (ng PAGCOR remittance), my announcement is, not as POC president, but as a member of the House of representative, we will try to give back the amount that was taken from the PSC national development fund na ibinalik sa national treasury for the COVID-19 use. Amounting to P700 million,” said the representative of the eighth district of Cavite. Athletes are set to have their allowances cut in half starting July. “So kung ‘yun lang ang kailangan para maibalik o ma-sustain ang mawawala we will try in the House of Representatives I will lobby for it. We will try to return it in this coming second Bayanihan extension act to return the amount given to the national treasury because of the COVID-19,” said Tolentino. “Para lang ‘wag mabasawan o maibalik, para lang complete ang allowances again ng mga athletes.” The lawmaker added the athletes who brought honor and pride to the country including copping the overall championship in the 2019 Southeast Asian Games held in the country deserve to receive full financial support from the government even amid this crisis. “Ang point ko rito kasi baka di alam ni Pangulong (Rodrigo) Duterte na tinamaan ‘yung mga national athletes, ‘yung mga allowances. Baka kapag nalaman niya, ‘Huh? After giving pride and glory being overall champion sa SEA Games tapos tatamaan din sila, yung mga frontliners natin sa sports,’” he said. “Pipilitin naming ibalik ang amount na ‘yun,” added Tolentino.      --- Follow this writer on Twitter, @fromtheriles.....»»

Category: sportsSource:  abscbnRelated NewsJun 22nd, 2020

Face-to-face classes? Not this school year

President Duterte does not want to open schools for face-to-face classes this academic year amid the COVID-19 pandemic, Sen. Bong Go said yesterday......»»

Category: newsSource:  philstarRelated News10 hr. 22 min. ago

Young Davao entrepreneur smells success amid crisis

Davao City---Kevin Joven was not spared from the challenges which the pandemic has brought to many. However, instead of giving up, he gathered more courage to rise up and maximize his resources.  .....»»

Category: financeSource:  thestandardRelated News17 hr. 52 min. ago

Commentary: Philippine Army s transformation amid fight vs unconventional threat, pandemic

War has always been the default battleground of the military......»»

Category: newsSource:  philstarRelated NewsFeb 27th, 2021

For two mothers, justice harder to reach amid pandemic

Two mothers share how it feels to be prisoners of misery......»»

Category: newsSource:  samarnewsRelated NewsFeb 27th, 2021

25,226 Pinoys became jobless in January; wage subsidy pressed

Some 25,226 individuals permanently lost their jobs last January alone amid the COVID-19 pandemic, the Department of Labor and Employment (DOLE) said Friday......»»

Category: newsSource:  thestandardRelated NewsFeb 27th, 2021

2020 budget deficit ballooned to P1.37T as tax collection fell

The government’s budget deficit widened to P1.371 trillion in 2020, or more than double the previous year’s P660.2-billion shortfall, reflecting the 11.31-percent growth in public spending combined with the 8.97-percent reduction in revenue collection amid the pandemic, the Bureau of the Treasury said Friday......»»

Category: financeSource:  thestandardRelated NewsFeb 26th, 2021

Sy-controlled banks post mixed financial results in turbulent 2020

The Sy family's two listed banks capped a turbulent 2020 that tested the local banking industry's resilience amid a pandemic-induced recession with mixed financial results......»»

Category: financeSource:  philstarRelated NewsFeb 26th, 2021

PayMaya’s workplace programs cited by LinkedIn, Anvil Awards

Digital financial services leader PayMaya has been cited by global technology firm LinkedIn and the local Anvil Awards for its trailblazing efforts in creating the workplace of the future today amid the challenges brought by the COVID-19 pandemic......»»

Category: financeSource:  philstarRelated NewsFeb 25th, 2021

BDO& rsquo;s profit fell 36% to P28.2 billion in 2020 on higher loan provisions

BDO Unibank Inc., the country’s largest lender controlled by the Sy family, said Wednesday net income declined 36 percent in 2020 to P28.2 billion from a record P44.2 billion in 2019, on higher pre-emptive provisions of P30.2 billion for potential delinquencies amid the COVID-19 pandemic......»»

Category: financeSource:  thestandardRelated NewsFeb 24th, 2021

PSL Beach Volley Challenge Cup set

The first local volleyball tourney amid the pandemic is on as the Philippine Superliga troops to Subic, Zambales for the Gatorade-Beach Volleyball Challenge Cup from Feb. 26-28 under a bubble setting......»»

Category: sportsSource:  philstarRelated NewsFeb 24th, 2021

RCBC& rsquo;s income dropped 7% to P5b in 2020 on higher impairment losses amid pandemic

Rizal Commercial Banking Corp. said Tuesday net income declined 7.4 percent in 2020 to P5 billion from P5.4 billion in 2019 as it boosted impairment losses to P9.3 billion amid the COVID-19 pandemic......»»

Category: financeSource:  thestandardRelated NewsFeb 23rd, 2021

Cebu City to Commemorate 84th Charter Day Virtually

Cebu City will commemorate her 84th Charter Day on February 24, 2021 with the theme “Interwoven by faith; strengthen by unity; celebrating the Cebuano resiliency”, will hold various activities virtually amid the coronavirus disease 2019 (COVID-19) pandemic. Activities for the charter day include performances by renowned Cebuano artists, and the recognition of individuals who have […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 23rd, 2021

All systems go for historic Beach Volleyball Challenge Cup in Subic

The first local volleyball tourney to restart amid the pandemic is on as the Philippine Superliga troops to Subic, Zambales for the approved 2021 Gatorade-Beach Volleyball Challenge Cup set February 26-28......»»

Category: sportsSource:  philstarRelated NewsFeb 23rd, 2021

No reason for confidence

The country’s vaccine czar has been doing quite a bit of apologizing lately. None of this is good for public confidence amid a pandemic......»»

Category: newsSource:  thestandardRelated NewsFeb 23rd, 2021

Expansion of labor market needed amid pandemic

The Philippines should conduct a rapid assessment of its overall employment situation and move toward expanding labor market programs as part of its economic recovery amid the pandemic......»»

Category: financeSource:  philstarRelated NewsFeb 22nd, 2021

Digital Bar exams hailed as innovative

The Supreme Court’s decision to hold digital bat examinations was hailed as an innovative balancing act of technology use and the need to maintain social distancing amid the COVID-19 pandemic......»»

Category: newsSource:  thestandardRelated NewsFeb 22nd, 2021

LIST: Practical tips to nurture family wellbeing amid pandemic

The pandemic undeniably disrupted all aspects of living. No one was spared; everyone had their own concerns related to its effects......»»

Category: newsSource:  philstarRelated NewsFeb 22nd, 2021

Meralco to follow P13.8-b refund, shift to performance scheme

Manila Electric Co. welcomed the provisional approval of the Energy Regulatory Commission on the P13.885-billion refund that will bring relief to consumers amid the pandemic......»»

Category: financeSource:  thestandardRelated NewsFeb 21st, 2021

Peru suffering medical oxygen crunch amid COVID spike

Hundreds of Peruvians waited in long lines Saturday to get medical oxygen for loved ones with COVID-19, amid a shortage of the gas in the pandemic's second wave......»»

Category: newsSource:  thestandardRelated NewsFeb 21st, 2021