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(BusinessWorld) STOCKS posted gains on Wednesday as report from an independent research group showed the coronavirus disease 2019 (COVID-19) reproduction rate in the National Capital Region (NCR) continued to decline.

The Philippine Stock Exchange index (PSEi) went up by 9.53 points or 0.13% on Wednesday to close at 6,890.73, while the broader all shares index rose 21.58 points or 0.50% to 4,286.57.

“Market sustained its recovery today up 9.53 points, though off highs as investors’ confidence improve on news that the Philippines could possibly be in the homestretch of its battle against the spread of the COVID-19 Delta variant, especially in Metro Manila where the reproduction number has started to decline,” Papa Securities Corp. Equities Strategist Manny P. Cruz said in a text message on Wednesday.

“The minimal decline in Chinese markets that reopened today also aided the rally today,” Mr. Cruz said.

Fredegusto Guido P. David, a research fellow at the OCTA Research Group, said in a social media post on Tuesday that the reproduction number in the country’s capital slipped to 1.03 from 1.33 as COVID-19 infections in Metro Manila continue to decline.

The Health department logged 16,361 new COVID-19 infections on Tuesday, bringing total active cases to 171,142 and the country’s tally to 2,401,916.

Meanwhile, Chinese stocks fell on Wednesday, led by banking and consumer staples, while real estate shares jumped after developer Evergrande assured it could make a bond interest payment… Read More

(Inquirer) Another COVID-19 outbreak has been recorded in a religious facility in Quezon City, prompting the local government to create guidelines on ventilation for buildings and workplaces.

According to the Quezon City Epidemiology and Disease Surveillance Unit (QCESU), 25 of 59 individuals in the Christ the King Mission Seminary tested positive for coronavirus SARS-CoV-2, which causes COVID-19. The coronavirus-positive persons were nine priests and 16 staff of the religious facility.

But QCESU also reported that of the 25, 13 are still sick as 11 of them already recovered while a priest died of COVID-19 complications on Saturday, September 18.

Consequently, the Quezon City government placed two of the seminary’s buildings — Villa Cristo Rey and Fininman Building — under Special Concern Lockdown (SCL) from Saturday.

This brought the total number of religious facilities in the city that were put on SCL to four, the other three being the Stella Maris Convent since September 10; Religious of the Virgin Mary since September 14; and the Convent of the Holy Spirit since September 15.

The Quezon City government also announced its creation of guidelines on ventilation for buildings and workplaces to prevent and control the spread of COVID-19.

“We will send these guidelines to building administrators in the city so they will learn how to better retrofit their facilities and make these more resistant to virus transmission,” Mayor Joy Belmonte said in a statement… Read More

(GMA News) Manila Mayor Isko Moreno will run for president in Eleksyon 2022 while former senatorial candidate Willie Ong will be his running mate, Manila City Public Information Office confirmed on Tuesday.

“Confirmed,” Manila PIO chief Julius Leonen told GMA News Online when asked if Moreno will join the presidential elections in 2022. He also confirmed that Ong will be Moreno’s vice president.

In an interview with GMA News’ Sandra Aguinaldo, Moreno’s campaign manager Lito Banayo also confirmed the local chief executive’s presidential bid.

The formal announcement of the Moreno-Ong tandem will be held on September 22, Wednesday, Banayo added.

According to Banayo, Moreno chose Ong as candidate for vice president because the latter may help address the COVID-19 pandemic.

Moreno told the Manila City government officials to focus on serving their constituents after he made the announcement of his candidacy.

“Tuloy ang gobyerno. (The government is still here.) We’re still here. I’m going to have to do what I have to do as the Mayor,” said Moreno.

Ong earned his medicinal degree from De La Salle University, and is also a previous consultant for Department of Health.

“Itong tambalan na ito ay pinag-isipan nang mabuti. Ayaw namin na political marriage. ‘Yung nag tambalan kasi malakas sa ganitong probinsya sa ganitong rehiyon,” Banayo said.

(We thought about this for a long time. We don’t want a political marriage — wherein two candidates paired up for elections because they are strong in their provinces or regions.)

“Ang gusto kasi ni Mayor Isko Moreno yung makakatulong sa pamamahala. Lalo na ngayon, mayroon tayong pandemya,” he added.

(Mayor wants someone who can help in running the country, especially during the pandemic… Read More

(BusinessWorld) THE BANGKO SENTRAL ng Pilipinas (BSP) is likely to keep its key interest rate steady as the economy gradually reopens despite a continued surge in coronavirus disease 2019 (COVID-19) infections.

A BusinessWorld poll held last week showed 17 out of 18 analysts expect the Monetary Board to hold the key policy rate at 2%, a historic low, on Sept. 23.

Analysts expect the central bank to look past the beyond-target inflation in order to support the economy’s recovery which has been stymied by the persistent rise in COVID-19 cases and lockdown restrictions.

“I think BSP will still keep its key policy rates at its current level. It might take some time before a significant economic growth can occur due to high infection rate and limited economic activity,” said Mitzie Irene P. Conchada, an economist from the De La Salle University… Read More

(GMA News) Three million additional doses of government-procured Sinovac COVID-19 vaccine arrived in the country on Sunday.

The additional supply of vaccines arrived at the Ninoy Aquino International Airport Terminal 2 past 6 p.m.

The Philippines officially rolled out its vaccination program on March 1.

Vaccine brands delivered to the Philippines to date include Pfizer, Moderna, Johnson and Johnson, Sinovac, AstraZeneca, and Sputnik V.

The country has so far recorded 2,366,749 COVID-19 cases with 2,151,765 recoveries and 36,788 fatalities… Read More

(CNN Philippines) Metro Manila – The Philippine Malditas came up clutch as they scored two goals late in the game for a 2-1 comeback victory over Nepal in the 2022 AFC Asian Women’s Cup on Saturday at the JAR Stadium in Tashkent, Uzbekistan.

Trailing almost the entire match after Nepalese striker Bimala Chaudhary scored a header goal in the ninth minute, the world no. 68 Malditas were determined down the stretch to avert an upset by the world no. 101 Nepal.

Midfielder Tahnai Annis delivered the Filipinas’ first goal in the 89th minute for the tie.

Substitute Camille Wilson gave the Malditas the win in the 92nd minute as she received a pass from the left flank of the field.

The Marlon Maro-coached Malditas need to win their remaining Group F fixture against Hong Kong on Sept. 24 to qualify for the 2022 AFC Asian Women’s Cup in India… Read More

(GMA News) Over 18 million Filipinos have so far been vaccinated against COVID-19 since the national inoculation program started on March 1, a Department of Health official said Sunday.

Health Undersecretary Myrna Cabotaje on On Dobol B TV said the Philippines has administered nearly 41 million doses of various COVID-19 vaccines based on the September 18, 2021 record.

As for vaccine supply, the country has so far received over 59 million doses of COVID-19 vaccine from several international manufacturers, she added.

“Sa 40.9 million, 22.6 million sa first dose at 18.2 million sa complete dose” (Of the 40.9 million vaccinated, 22.6M got the first dose, and 18.2M got the complete dose), said Cabotaje… Read More

(GMA News) Kinumpirma ni Ormoc Mayor Richard Gomez na hindi tatakbong senador sa Eleksyon 2022 ang kaniyang asawa na si Leyte Representative Lucy Torres-Gomez.

Sa halip na senador, posisyon bilang alkalde ng Ormoc ang tatakbuhan ni Lucy, na kasalukuyang hawak ni Richard.

Hindi pa malinaw kung tatakbo naman bilang kongresista ang dating aktor.

Una rito, sinabi ni Senate President Vicente Sotto III sa mga mamamahayag ang naturang plano ni Lucy.

“[Former] Speaker [Pantaleon] Alvarez just met with Lucy. She has decided not to run for the Senate and instead for Mayor of Ormoc,” sabi ni Sotto, tatakbong bise presidente sa Eleksyon 2022, katambal si Sen. Ping Lacson.

Nasa Ormoc sina Sotto, Lacson at Alvarez, para sa kanilang biyahe mula sa Iloilo patungong Bacolod.

Nitong nakaraang buwan, sinabi ni Lucy na hindi pa siya nakakapagplano para sa darating na halalan.

Noong Hulyo, inihayag ni Sotto na kasama si Lucy sa senatorial line-up na sa binubuo ng kanilang tambalan ni Lacson.

Miyembro si Lucy ng PDP-Laban, at kasama rin siya sa binubuong senatorial slate ng administrasyon… Read More