PIXABAY JAKARTA — Hospitals in Indonesia’s easternmost region of Papua are nearing full capacity amid a surge in coronavirus disease 2019 (COVID-19) cases, with health officials bracing for the full impact of the virulent Delta variant on one of the country’s least-developed areas. The bed occupancy rate at some hospitals in Papua province had reached […]
Live audio app Clubhouse has removed its invite system so that anyone can join the platform, it said on Wednesday. The social app, which saw explosive early growth during the coronavirus disease 2019 (COVID-19) pandemic, previously required people to be invited by an existing user or request to join a waitlist. It said in a […]
REUTERS As the pandemic rages in Asia, offices are making a comeback.More companies based in the region expect they will need to increase office space in the near future, according to a survey conducted by CBRE Group Inc. The study found that 66% of Asia-based firms expect to add space in the next three years, […]
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PHILIPPINE STAR/ MICHAEL VARCAS MOODY’S INVESTORS SERVICE slashed its 2021 growth forecast for the Philippines to 5.8%, saying the pandemic remains an “acute challenge” for the economy. Economic managers, on the other hand, expressed optimism the Philippines will hit the full-year gross domestic product (GDP) growth target of 6-7%, after seeing indications of a “pretty […]
FINANCE SECRETARY CARLOS G. DOMINGUEZ III THE FINANCE department is reviewing a Bureau of Internal Revenue (BIR) regulation that imposes a 12% value-added tax (VAT) on previously exempt raw materials and packaging supplies sold by local manufacturers to exporters. “We will review it and we will implement it according to the law. Now, the law, […]
A woman walks past a large-scale reproduction of Tokyo 2020 Olympic Games medal at Nihonbashi Mitsui Tower in Tokyo, Japan, July 14. — REUTERS/KIM KYUNG-HOON By Michael Angelo S. Murillo, Senior Reporter WEIGHTLIFTER Hidilyn F. Diaz, 30, is one of 19 Filipinos competing in this year’s Olympic games in Tokyo after it got canceled last […]
BW FILE PHOTO MORE THAN HALF of banks in the Philippines still expect nonperforming loans (NPLs) to continue to rise over the next two years due to the economic downturn, a Bangko Sentral ng Pilipinas (BSP) survey showed. The BSP’s Banking Sector Outlook Survey for the first six months of 2021 showed 58.9% of the […]
FRUITAS Holdings, Inc. has recently opened more community stores and is on course to reach its target openings by the end of the year. The listed food and beverage kiosks operator said in a stock exchange disclosure on Wednesday that it now has 74 operating community stores as a result of the new openings and […]