8990 profit down 16% in 2020

8990 profit down 16% in 2020
(PhilStar) MANILA, Philippines — 8990 Holdings Inc., the listed mass housing company, reported a 16 percent decline in net income in 2020 to P4.8 billion.

Nonetheless, the company said this was still a respectable performance amid the challenges brought by the ongoing pandemic and various levels of community quarantines, “with fiscal year 2020 revenues dropping a mere eight percent to P14.2 billion.”

8990 Holdings chairman Mariano Martinez Jr. said this reflects the resilience of the country’s mass housing segment where the company is the leading player.

“The buyers of our units are mostly end-users, and we know that the country still has around five to six million housing backlog. This is why we continued to generate sales from supervisors and managers of various companies, as well as the spouses of overseas Filipino workers despite the effects of the pandemic,” Martinez said.

Real estate sales recorded a 5.5 percent drop to P14.17 billion last year.

The number of units sold during the year even exceeded the 2019 level by two percent, with 2020 sales hitting 12,178 units.

In terms of the number of units delivered, the company counted 9,951 homes delivered in 2020, with Luzon accounting for the largest revenue contribution with P9.07 billion of sales, followed by Visayas with P3 billion, and Mindanao with P2 billion.

In terms of units sold, Luzon still led sales, selling 5,267 units followed by Visayas with 2,735 units sold, and Mindanao with 1,949 units sold.

However, due to the restrictions caused by the lockdowns, housing production decreased by 32 percent to 9,669 units… Read More

1 more cop dies of COVID-19

1 more cop dies of COVID-19
(GMA News) Another police officer succumbed to the coronavirus disease 2019 (COVID-19), bringing the death toll in the organization to 73, the Philippine National Police said Saturday.

Meanwhile, the total case count rose to 27,456 after 184 more personnel tested positive for the virus.

Likewise, the PNP announced that total recoveries climbed to 25,618 with 100 new survivors.

At present, there are 1,765 active cases within the agency.

1 more cop dies of COVID-19

The Philippines has reported 1,391,911 confirmed cases, of which 1,314,220 have recovered and 53,447 have died… Read More

Philippine deaths from coronavirus top 24,000

Philippine deaths from coronavirus top 24,000
(BusinessWorld) PHILIPPINE deaths from the coronavirus breached 24,000 on Thursday, as Health authorities reported 6,043 more infections to 1.38 million.

The death toll rose by 108 to 24,036, while recoveries increased by 4,486 to 1.3 million, the Department of Health (DoH) said in a bulletin.

There were 51,410 active cases, 1.4% of which were critical, 90.6% were mild, 4.5% did not show symptoms, 2% were severe and 1.44% were moderate.

Fifteen duplicates had been removed from the tally, nine of which were tagged as recoveries, the agency said.

A total of 44 recoveries were reclassified as active cases, while 61 cases previously tagged as recoveries were reclassified as deaths. One laboratory failed to submit data on June 22, it added.

About 13.7 million Filipinos have been tested for the coronavirus as of June 22, according to DoH’s tracker website.

The coronavirus has sickened about 180.4 million and killed 3.9 million people worldwide, according to the Worldometers website, citing various sources including data from the World Health Organization.

About 165.1 million people have recovered, it said.

Meanwhile, the government on Thursday took delivery of about two million more CoronaVac doses from China, according to the presidential palace.

Of the total, about 1.6 million doses were bought by the National Government, while the rest were ordered by Ip Biotech, Inc. for the local government of Manila, presidential spokesman Herminio L. Roque, Jr. told a televised news briefing

More than 8.9 million doses of coronavirus vaccines have been given out as of June 22, 6.6 million of which were first doses, he said.

More than a million health workers were already fully vaccinated, Mr. Roque said.

Mr. Roque said more than 589,000 seniors and about 565,000 seriously ill people had also been fully vaccinated. More than 8,600 essential workers have received their second dose.

Meanwhile, the cities of Bacolod, Iloilo, Cagayan de Oro, Baguio, Zamboanga, Dumaguete, Tuguegarao, General Santos, Naga and Legaspi would be prioritized for vaccines, he said.

The decision came due to rising infections there, their being highly urbanized and their contribution to economic output, he added. Mr. Roque said the government would hire more contact tracers amid the threat of a more contagious coronavirus variant first detected in India.

Mr. Roque said President Rodrigo R. Duterte might discuss the hiring at a meeting with key lawmakers regarding the country’s second stimulus law.

He earlier said contact-tracing had been the weakest point in the government’s pandemic response.

Meanwhile, the salary increase of nurses would probably be financed by the government’s second stimulus fund or by a pandemic measure that is yet to be legislated, Mr. Roque said.

A group of Filipino nurses earlier asked the government to use unspent funds under the second stimulus package for their wage increase.

Under the law the minimum base pay of nurses working in government hospitals and health institutions should start at P31,545 a month.

The government would likely heed the call of the nurses, Mr. Roque said, citing Executive Secretary Salvador C. Medialdea’s June 1 memo.

“It could be a supplemental budget under Bayanihan III or through further realignment of Bayanihan II,” he said. “It is up to Congress since they have plenary power of legislation.”

The palace official earlier said more than P18 billion from Bayanihan II had not been used, more than nine months since the second stimulus package was signed. The law expires on June 30.

Mr. Roque on June 8 said there might not be enough money to fund the salary increase of nurses.

Mr. Duterte was set to meet with key legislators on Thursday to discuss a proposal to extend the validity the second stimulus law. A proposal for a third stimulus package would also be discussed, he said.

The House of Representatives on June 1 approved the proposed P401-billion Bayanihan III law, which seeks to boost the country’s pandemic response… Read More

Duque ‘shocked’ to hear of Noynoy Aquino’s death

Duque 'shocked' to hear of Noynoy Aquino's death
(Manila Times) HEALTH Secretary Francisco Duque 3rd mourned the death of former president Benigno “Noynoy” Aquino 3rd on Thursday, calling the former chief executive a “good man” and a professional worker.

“I am saddened by the loss of a former president who has served the country in the best possible way that he could, and I am sure the lives that the people that he touched will be saddened by this shocking news,” Duque told reporters after the press conference of the visit of Israeli health experts.

Duque served as a chairman of the Civil Service Commission during the Aquino administration.

He described his relationship with Aquino as “professional”, adding that he was “shocked” to learn about Aquino’s death and said that he did not know that he had a lingering illness.

He also offered his condolences to the entire Aquino family and those who served in his administration… Read More

Duterte says Aquino gave his best to serve the Filipinos

Duterte says Aquino gave his best to serve the Filipinos
(GMA News) President Rodrigo Duterte has joined the nation in mourning the death of his predecessor, former President Benigno “Noynoy” Aquino III, calling him a true servant of the people.

“I join the nation in mourning the passing of former President Aquino. It is with profound sadness that I learned of his passing this morning,” Duterte said.

“Let us all take this opportunity to unite in prayer and set aside our differences as we pay respects to a leader who has given his best to serve the Filipino people. We thank the former President for his service to our country and I hope that my fellow Filipinos will be inspired by his legacy,” Duterte added.

The Chief Executive also extended condolences to the family members of the former President.

“I express my deepest sympathies to his siblings, Ballsy, Pinky, Viel and Kris, as well as to all his loved ones, friends and supporters in this period of sadness. Be assured of the government’s assistance in this period of mourning and please accept the love and the prayers of a grateful nation,” Duterte said.

“May you take comfort in the knowledge that he is now in a better place with his Creator. His memory and family’s legacy of offering their lives for the cause of democracy will forever remain etched in our hearts,” Duterte added.

Reminder of mortality

The President also said that his predecessor’s sudden demise is a reminder of mortality for all.

“I could hardly find the words to say for the condolences…para sa lahat sa atin, Ecclesiastes (gospel), the long and short of the message, there is always a time for everything in this planet. Whatever it is, we will always have our appointed time,” the President pointed out.

“Sometimes, we take for granted life…in times like this, namatay ang kilala, Presidente, we are put on notice of our mortality; in this world, we cannot last forever,” the President added.

Malacañang has earlier extended condolences to the Aquino family over the untimely death of former President Aquino, who passed on at 61 years old.

Former President Noynoy Aquino is the only son of democracy icons former President Corazon Aquino and slain opposition Senator Benigno “Ninoy” Aquino, Jr.

Facing the media, actress and television host Kris Aquino thanked Duterte and his Cabinet members for offering sincere condolences to their family.

“We would have wanted so much more for our brother. Maraming salamat sa Malacañang dahil nag-reach out sila. Maraming salamat kay President Duterte doon sa kanyang sa nararamdaman naming sinseridad na pagcocondole sa pamilya namin,” Aquino pointed out, in an interview with reporters in Taguig.

(Thank you Malacañang for reaching out to us. Thank you President Duterte for his sincere condolences to our family.)

“Thank you kay Executive Secretary (Salvador) Medialdea dahil (because) he offered us everything that we wanted,” she said… Read More

Ammonia leak reported in Caloocan cold storage facility


(GMA News) An ammonia leak occurred at a cold storage facility in Barangay Dagat-Dagatan, Caloocan City on Wednesday evening, the Caloocan Disaster Risk Reduction and Management Office confirmed.


According to Jhomer Apresto’s report on Super Radyo dzBB, initial information revealed that the ammonia leaked in a portion of the facility which is currently undergoing construction.

Meanwhile, the Bureau of Fire Protection said the cause came from a pipe that was opened.

Some residents inhaled the smoke, but no one was rushed to the hospital. Their conditions are currently being monitored.

Read: In case of an Ammonia leak: Here’s what to do

Meanwhile, the leak was reported to be now under control. Authorities are investigating the incident…. Read More

Duterte-Carpio: Presidency is not for me

Duterte-Carpio: Presidency is not for me
(SunStar) DAVAO City Mayor Sara Duterte-Carpio said on Monday, June 21, 2021, that the presidency is not intended for a “woman” like her.

Duterte, in a radio interview, quoted her father, President Rodrigo Duterte, who said the “presidency is not a woman’s job.”

“President Duterte said that the presidency is not a woman’s job, so particularly [it’s] not for me. So if he decided to run for vice-president (VP), let’s not expect that he will get me as his running mate [since I am a woman],” she said.

In March, members of the ruling PDP-Laban party urged President Duterte to run for vice president in 2022.

When asked about the possibility of joining the PDP-Laban as a guest candidate, the mayor said she has no plan to join the party.

“I have no plans of joining a national political party. As I said, I will stay with Hugpong ng Pagbabago (HNP) in Davao Region and Hugpong sa Tawong Lungsod in Davao City,” she said.

She also confirmed that there are individuals who signified interest to be her running mate should she decide to run for president in next year’s polls.

“Yes, there are a lot of them who expressed their intent [to run for VP as my running mate], but I cannot answer them because there is no final answer yet,” she added.

Despite the cold feet in running for the country’s top post, the presidential daughter however thanked the continuous support poured unto her… Read More

Repatriation flights in June, July to bring home Filipinos stranded in UAE

Repatriation flights in June, July to bring home Filipinos stranded in UAE
(CNN Philippines) Metro Manila — The Department of Foreign Affairs is mounting two flights in June and July to bring home Filipinos stranded in the United Arab Emirates.

In a virtual briefing on Wednesday, Foreign Affairs Undersecretary Sarah Lou Arriola said the flights will be on June 30 and July 17 and come amid calls for the country to lift travel restrictions against the UAE and six other countries.

The DFA said it sees no problems with mounting special flights to bring home thousands of Filipinos as it has enough funds for repatriation. It added that the challenge lies with the lack of quarantine facilities for those arriving.

Current protocols set by the Inter-agency Task Force in charge of managing the COVID-19 pandemic mandates returning Filipinos to undergo a 10-day hotel quarantine.

There are currently 35,000 quarantine rooms available, but these are filling up fast.

The DFA also said there was no truth to reports that 2,000 overseas Filipino workers are on a list waiting for repatriation flights. It said data showed only 200 individuals.

The government added it is willing to help OFWs pay for the overstaying fines imposed by the UAE government on workers with expired visas… Read More