MANILA, Philippines – The novel coronavirus has caused most stock markets in Asia, including the Philippines’ local bourse, to bleed. Year-to-date, the bellwether Philippine Stock Exchange index (PSEi) has dropped to a 52-week low of 7,129, well within bear territory and far from optimistic forecasts. This means that if you bought stocks at the start of 2020, priced at almost 7,800 each, you have lost over 8% of your investments. While the stock market is not totally indicative of the economy’s health, it does tell quite a lot about business sentiment. So far, it seems that sentiment does not go with some of the numbers. Analysts and even the government’s economic team have all been somewhat unanimous in saying that while the impact of the novel coronavirus is hard to price in, the economy, so far, can take the hit. The Philippines is also a domestic consumption-driven economy, which means that the economy is not very reliant on trade to grow. ... » Learn More about Businesses worry more about Duterte gov’t than novel coronavirus
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Follow us on Telegram for the latest updates: https://t.me/mothershipsg The decision to tighten Covid-19 measures amid the surge in cases in the Jurong Fishery Port was "the right judgement call", according to Minister for Finance Lawrence Wong, speaking in Parliament on Tuesday (July 27). Wong, who is also the co-chair of the Multi-Ministry Taskforce, said that the situation in Singapore would have been "far worse" if the taskforce did not swiftly move to implement heightened measures. KTV cluster struck with no warning Wong was responding to a number of questions from various Members of Parliament (MPs), who were questioning the decision to move back to Phase 2 (Heightened Alert) measures last week. He said that situation is currently highly fluid and very uncertain, citing how Covid-19 case numbers were in the single digits in early July, and that it was consistently falling. "July 11, zero cases for the first time in quite a long while. Any risk dashboard ... » Learn More about 200,000 seniors remain unvaccinated, at risk without heightened alert: Lawrence Wong
The following is our exclusive weekly feature in which we ask our readers a news topical question and then give you a week to answer it on our various channels, compiling a diverse range of answers and opinions to present to you, our valued readers. Last week, we asked you the following: Reader Talkback: What do you think about Chonburi becoming a maximum control zone and getting tougher restrictions? Some context around the question: This week, we are going to choose the biggest topic on most people’s minds, Chonburi becoming a maximum control zone, or dark red, effective tomorrow, July 20th, 2021 until further notice. This announcement brings a number of tough new restrictions, measures, closures, and other rules. Officials claim the move will help prevent Covid-19 in the province as cases have steadily been rising for the most part regionally. The decision was, it is to be noted, made by the Center for Covid-19 Situation Administration, or CCSA, with the central ... » Learn More about Reader Talkback Results: What do you think about Chonburi becoming a maximum control zone and getting tougher restrictions?
James Jimenez assures the public that it is taking precautions to ensure election safety. MANILA, Philippines — The Commission on Elections (Comelec) “remains confident” that the 2022 national elections would still have a “sizable voter turnout” amid fears that the COVID-19 pandemic would reduce voter turnout, its spokesperson said on Wednesday. Comelec spokesperson James Jimenez made the reaction after Senate Majority Leader Juan Miguel Zubiri, in his privilege speech, cited a Pulse Asia survey he commissioned which revealed that 46 percent of the respondents would not go out to vote if the number of cases is high in their barangay (villages). READ: Survey says 46% of Filipinos won’t vote if COVID threats persist; senators alarmed “The Comelec remains confident of a sizable voter turnout despite COVID-19 fears,” Jimenez told reporters in a message thread. “This projection is borne out by international experience — most, if not all, elections in other jurisdictions showed ... » Learn More about Comelec ‘remains confident’ of ‘sizeable’ voter turnout despite COVID-19 fears
This question at the Philippine Business for Education's (PBEd) July 5 press conference was key. Since early 2021, PBEd has been beating the drums to warn against this learning crisis. A week later, the question gained greater prominence when the IATF reviewed the controversy that had erupted between Department of Education (DepEd) Secretary Leonor Briones and the World Bank (WB) . DepEd Secretary Leonor Briones was the star of the IATF session, earning praise from President Duterte for extracting a public apology from the WB, which had released a report on the poor state of basic education in the country. But the summary conclusion of the meeting, which suggested that the president was not unduly worried about education, seemed to misunderstand Secretary Briones’ issues with the WB and the gravity of the problems facing the department. The case of Briones against the WB rested on three points. First, it released its study to the media without giving her prior ... » Learn More about [OPINION] Does the government believe there is a learning crisis?
Alternative nicotine delivery systems (ANDS), such as vapes and heated tobacco products (HTPs) are now steadily gaining recognition in the Philippines. MANILA, Philippines — Current strategies to get smokers to drop their habit — including going cold turkey, counseling, and nicotine replacement therapy — have not been very effective, according to Peter Paul Dator, president of The Vapers PH, as quoted in a joint statement issued on Tuesday by various groups advocating safer alternatives to cigarettes. About 15.9 million Filipino adults smoke, with a quit rate of only 4 percent, the statement said, citing the results of the Global Tobacco Survey of 2015, which was conducted by the Department of Health and the Philippine Statistics Authority. The low quit rate is the reason that various groups have continued to promote Tobacco Harm Reduction (THR), a strategy that encourages smokers who are unable or unwilling to quit to switch to smoke-free alternatives — also known as ... » Learn More about Filipinos warming up to better alternatives to cigarettes
The Ministry of Health (MOH) has preliminarily confirmed 136 new cases of Covid-19 infection in Singapore as of 12pm on Wednesday (July 28). This brings the total number of Covid-19 cases reported in Singapore to 64,589. 130 new locally-transmitted cases There are 130 cases of locally-transmitted Covid-19 infection, 48 of whom remain unlinked, according to the night update. There are six imported cases, who have already been placed on Stay-Home Notice (SHN) or isolated upon arrival in Singapore. Amongst them, two were detected upon arrival in Singapore, while four developed the illness during SHN or isolation. Overall, the number of new cases in the community has increased from 765 cases in the week before to 915 cases in the past week. The number of unlinked cases in the community has also increased from 45 cases in the week before to 217 cases in the past week. 44 active clusters There are five new clusters today including Home’s Favourite Pte Ltd at ... » Learn More about 5 new Covid-19 clusters in S’pore, bakery business in Jurong to close til Aug. 12
Follow us on Telegram for the latest updates: https://t.me/mothershipsg At several instances within two years, a 64-year-old man targeted his neighbour's two children to perform sexual acts on him. In return, he would ply them with money and cigarettes. The man, who cannot be named due to a gag order to protect the victims' identities, pleaded guilty on July 26 to four charges of sexual penetration of a minor under the age of 14. Played porn on laptop and asked boy for oral sex According to court documents seen by Mothership , the man worked as a dishwasher and lived alone in a HDB flat. In 2016, he was introduced to the two victims, then aged 13, by their father. The man occasionally visited the victims' parent's flat to drink, and ask them for cigarettes. The first victim, a boy, subsequently ran into the man at the coffeeshop near their flat and recognised him. He asked the man for cigarettes, and the man gave him some. After this occurred again several ... » Learn More about Man, 64, gave neighbour’s children, then 13, money & cigarettes in exchange for oral sex
Follow us on Telegram for the latest updates: https://t.me/mothershipsg Joo Chiat has added another hip tenant to its district: Common Man Coffee Roasters (CMCR). This is the cafe's third outlet in Singapore, featuring all-day brunch, coffee, and a retail section. Its other two outlets are in the vicinity of Clarke Quay and Tanjong Pagar, making this its first foray into the east. The new store features splashes of blue against wood furniture, as well as both indoor and outdoor seats (not that we can sit anywhere at the moment). A total of 80 seats (45 indoor and 35 outdoor) makes it a decently spacious area. Menu Although the menu is largely the same, the Joo Chiat outlet carries an exclusive sourdough pancake dish (S$24) that comes in both sweet and savoury versions. The former is a combination of chocolate almond ganache, almond praline, vanilla bean ice cream and citrus marmalade. Its savoury counterpart comes with crisp bacon, a fried ... » Learn More about Common Man Coffee Roasters opens at Joo Chiat with exclusive sourdough pancakes
The people can now see for themselves, think for themselves and even decide for themselves when it comes to whether they can trust the opposition Members of Parliament to be their representatives. Watching the ongoing Parliament special sitting, uncouth mannerisms, misbehaviour, clamorous uproar and hullabaloo have become the order of the day. Indeed, tumultuous furor and pandemonium created by opposition lawmakers rule the day in this sitting, and the live broadcasts are simply not advisable for viewing as it will set a bad example as a promotion of negativity Right from Day One of this special sitting, opposition MPs including Pakatan Harapan president Datuk Seri Anwar Ibrahim have only spent their time hitting out at the government-of-the-day. They have been pointing out its so-called faults, weaknesses and wrongdoings in its handling of the Covid-19 pandemic instead of sharing constructive views or opinions on how to salvage and better the well-being of people during these ... » Learn More about MPs must stop their theatrics for the sake of people