Outlier: Demand for consumer products boosts URC during lockdown

Increased demand for shelf-stable food products and expectations of their sustained demand during the Luzon-wide enhanced community quarantine (ECQ) led investors to buy shares in Universal Robina Corp. (URC). A total of 10.11 million URC shares worth P1.03 billion were traded last week, data from the Philippine Stock Exchange (PSE) showed. Shares in the Gokongwei group’s food manufacturing arm closed at P103 apiece on Friday, up 5.1% from P98 per share a week ago. The…

"Outlier: Demand for consumer products boosts URC during lockdown"

URC offers shield for health workers vs virus

Universal Robina Corp. (URC) is donating film commonly used in food packaging to hospitals for use as protective material between patients and health workers. In a statement Sunday, the Gokongwei-led manufacturer said it is distributing Biaxially Oriented Polypropylene (BOPP) films to hospitals dealing with coronavirus disease 2019 (COVID-19) patients. It said the films will become an added measure to protect health workers from contracting the virus given the current lack of personal protective equipment (PPEs).…

"URC offers shield for health workers vs virus"

2Go converts vessels into quarantine ships

Shipping and logistics provider 2Go Group, Inc. will convert two of its vessels into “quarantine ships” for returning seafarers and other overseas Filipino workers (OFWs), the Transportation department said. “2GO Shipping has agreed to convert two of its ships into ‘quarantine ships’ that can serve 1,500 patients and will be operational by next week,” the Department of Transportation (DoTr) said in a statement on Sunday. The department said more shipping companies have expressed their intention…

"2Go converts vessels into quarantine ships"

DoE to crack down on power plants in prolonged testing

         bworldonline.com THE Department of Energy (DoE) said it will more strictly enforce a two-month deadline for power facilities exceeding the allotted time for Test and Commissioning after noting uneven compliance with the rules. In a draft circular, the DoE said 38 generation companies were in prolonged Test and Commissioning, based on data from the Independent Electricity Market Operator. “The extended Test and Commissioning of generating facilities pose material effect to WESM (Wholesale Energy Spot Market)…

"DoE to crack down on power plants in prolonged testing"

Five Excel skills employers are looking for (and how to learn them)

This article was created by StackCommerce in partnership with Content Works, Postmedia’s commercial content division. While Postmedia may collect a commission on sales through the links on this page, we are not being paid by the brands mentioned. Learning sought-after skills from home can be a productive and lucrative option in these uncertain times. Whether you’re looking for a side hustle or are unfortunately looking for full-time work due to the COVID-19 pandemic (which has…

"Five Excel skills employers are looking for (and how to learn them)"

Import process for urgently needed medical supplies streamlined

THE government said it has created a simplified process for the import of medical and protective products urgently needed to contain the coronavirus disease 2019 (COVID 19) outbreak. The Department of Finance, the Anti-Red Tape Authority (ARTA), and the Food and Drug Administration (FDA) released a joint memorandum circular Saturday to streamline procedures for government agencies dealing with imports of such goods. The goods covered by the new process include personal protective equipment and medical…

"Import process for urgently needed medical supplies streamlined"

Gov’t lists imports needed for COVID-19 fight exempt from taxes

Photo credit: The Philippine Star The government exempted from import duties, taxes and fees critical equipment, supplies and raw materials needed to manufacture medical products that will help manage the coronavirus disease 2019 (COVID-19) outbreak. The Departments of Finance (DoF) and Trade and Industry (DTI) issued Joint Memorandum Circular (JMC) 2020-02 dated March 28 to “grant exemption of importation of critical or needed equipment or supplies from import duties, taxes and other fees and simplified…

"Gov’t lists imports needed for COVID-19 fight exempt from taxes"

DA regional offices ordered to assist with farm logistics

Photo credit: The Philippine Star THE Department of Agriculture (DA) ordered its regional offices to facilitate the transport of agricultural products to markets during the Luzon-wide lockdown to contain the coronavirus disease 2019 (COVID-19) outbreak. Agriculture Secretary William D. Dar said regional offices need to address the logistics of bringing produce to market and ensure unhampered delivery of basic commodities. He cited a regional field offices (RFO) in the Cordillera region which organized transport for…

"DA regional offices ordered to assist with farm logistics"

Singapore contact-tracing app being evaluated for use in PHL

Photo credit: Reuters The government is evaluating a contact-tracing application from Singapore to aid its efforts to contain coronavirus disease 2019 (COVID-19), the Department of Information and Communications Technology (DICT) said. The department also said a task force has been organized to suppress the proliferation of false information on social media. “The DICT, in coordination with the Department of Health (DoH) and other government agencies, is looking into Singapore-based app ‘TraceTogether’ as one of the…

"Singapore contact-tracing app being evaluated for use in PHL"

T-bills to fetch higher rates amid uncertainties

YIELDS ON Treasury bills (T-bills) on offer on Monday, April 6, will likely climb anew as investors prefer cash amid uncertainties, with the government still expected to turn down “unreasonably high” bids. The Bureau of the Treasury (BTr) is set to raise P20 billion in T-bills at Monday’s auction, broken down into P10 billion for 91-day papers and P5 billion each for 182- and 364-day securities.  Carlyn Therese X. Dulay, Security Bank Corp. first vice-president…

"T-bills to fetch higher rates amid uncertainties"