DOUALA, Cameroon — Cameroon’s army on Friday confirmed anglophone journalist Samuel Wazizi died in detention last year, accusing him of associating with terrorists but denying allegations he had been tortured. ADVERTISEMENTThe army said Wazizi died “as a result of severe sepsis” on August 17, 2019 — 15 days after his arrest, according to press watchdog RSF. The military’s statement came after Cameroon’s journalist union reported that Wazizi died and said the army had tortured him. The army called media reports of Wazizi’s death “a new episode of demonising our defence and security forces”. The RSF described Wazizi’s death as the country’s worst assault on journalists in a decade.
Source:Philippine Daily Inquirer
June 05, 2020 17:59 UTC
The stock market ended its winning streak on Friday on news that the country’s unemployment rate reached a record high in April. Since June 1, Metro Manila and other parts of the country have been under general community quarantine. On Wall Street, the S&P 500 and Nasdaq shed 0.34 percent and 0.69 percent, respectively, while the Dow Jones inched up by 0.05 percent. In Manila, most sectors closed in the red, with services losing the most at 1.98 percent. Total volume turnover was at 946.67 million shares, valued at P9.11 billion.
The Philippine peso recorded its strongest finish in almost three years, returning to the P49:$1 level on Friday. Opening at P49.93:$1, the local currency gained 20 centavos to close at P49.80:$1, the highest since its P49.63:$1 closing on June 15, 2017. Local developments, such as proposed stimulus packages like the Corporate Recovery and Tax Incentives for Enterprises Act and other reform measures aimed “to further support the country’s economic recovery,” also supported the local currency, the economist said. “The peso also [grew] stronger amid continued net foreign buying in the local stock market today (Friday)…” he added. The government has a peso-dollar exchange rate assumption of P50 to 54 this year.
The country’s manufacturing production, both in volume and value, plunged by double digits in April on account of the negative impact of the government-imposed enhanced community quarantine (ECQ) on the sector. Of these, three saw very minimal business operations: leather products (-99.0 percent), footwear and wearing apparel (-97.8 percent), and furniture and fixtures (-91.7 percent). The Value of Production index (VaPi) also shrank by 61.4 percent, faster than the 12.4-percent decrease the month before and the 11.8-percent drop a year earlier. “The preliminary results of the April 2020 [Missi] show that [the] manufacturing…volume and value indices fell significantly. “In June, most areas of the country have transitioned to general community quarantine or GCQ and are on track to see the quarantine lifted in the coming weeks,” he added.
Prominent figures in the boxing world, including Top Rank head honcho Bob Arum, are excited for the planned international boxing summit in autumn this year in Bahrain, a collaboration between Khalid bin Hamad Al Khalifa (KHK) Sports and MTK Global. The event, titled “Global Leaders’ Summit,” will gather major power brokers and leaders in boxing to discuss how to bring the combat sport to the next level. The two Middle East-based sports companies will also stage their first-ever world title fight following the summit. Arum is reportedly arranging a super welterweight match between Filipino fighting senator and World Boxing Association champion Manny Pacquiao and American World Boxing Organization titleholder Terence Crawford in Bahrain. The summit’s exact date is yet to be announced, as the world is still battling with the coronavirus pandemic.
June 05, 2020 17:04 UTC
The House of Representatives on Friday passed two funding bills amounting to P2.8 trillion along with four other measures to address the coronavirus disease (Covid-19) pandemic. House Bill (HB) 6920 or the “Covid-19 Unemployment Reduction Economic Stimulus (Cures) Act of 2020” was approved with 210 lawmakers voting yes and 7 voting no and with no abstentions. Cures aims to provide a three-year P1.5-trillion stimulus program to boost infrastructure spending in the countryside for health, education, agriculture and livelihood. Also approved was HB 6815, the “Accelerated Recovery and Investments Stimulus for the Economy of the Philippines” or “Arise Philippines Act,” which was previously known as the Philippine Economic Stimulus Act. Left unapproved were the proposed Bayanihan to Recover As One Act (Bayanihan 2) and the Corporate Recovery and Tax Incentives for Enterprises Act, or Create.
June 05, 2020 17:03 UTC
ADVERTISEMENTThe siblings fled despite being issued warrants of arrest against them, as well as five others, by the Municipal Trial Court Branch 7 in Bacolod City for grave coercion. Llena also said that the siblings have not posted bail set at P36,000 each. In other words, that obviously means that they are aware of the issuance of the warrant against them,” Llena said. The lawyer explained that the warrants of arrest issued by Judge Abraham Bayona against the Yanson four were issued on March 10 after the court found probable cause and ordered the issuance of the warrants. “I mentioned that there was already an order and their motion was already moot but she did not listen to me.
Source:Philippine Daily Inquirer
June 05, 2020 16:52 UTC
The girl, who wants to be identified only as Simone, visited the Chinese embassy with her family last Tuesday. Huang praised the strong support of volunteers such as Simone and her siblings to medical staff at the forefront of the battle against the virus. Huang invited the family to taste exquisite homemade Chinese refreshments, visited the embassy library and present them with traditional Chinese philosophy books and calligraphy works. Simone handed Huang a beautiful painting of the Great Wall, which took her two weeks to complete, as a gift. Last month, the Chinese embassy contacted the family and made donations to support their volunteer work.
June 05, 2020 16:51 UTC
FRUITAS Holdings Inc. (FHI) saw its core net income climb by 34 percent to P125 million last year from P94 million in 2018. It also said its reported net income rose to P121 million, a 20-percent improvement from P100 million in 2018. Fruitas attributed its revenue sales growth to the expansion of its store network from 930 to 1,068 and its strong same-store sales growth last year. “We are pleased with our 2019 results, with sales and net income increasing above 20 percent. Net sales contribution from its Visayas and Mindanao businesses also grew by 39 percent last year.
June 05, 2020 16:48 UTC
Unfortunately, so have incidents of digital fraud, misinformation and other scams. Taking some common sense to protect yourself online can help you avoid falling victim to increasingly sophisticated cybercriminals. BSP Governor Benjamin Diokno has assured the public that the central bank is being proactively vigilant against online fraud. The battle against digital scams, however, is never-ending; online fraudsters are clever and creative and are often a step ahead of efforts to thwart them. Taking some common sense steps to protect yourself and your personal information goes a long way toward stopping online fraud.
HANOI: Economic ministers of the 10 member states of the Association of Southeast Asian Nations (Asean), China, Japan and South Korea on Friday reaffirmed the importance of open markets amid the COVID-19 pandemic and the need for efforts against the epidemic’s adverse impact. The economic ministers held an online meeting on Thursday, chaired by Vietnamese Minister of Industry and Trade Tran Tuan Anh, and adopted the Asean Plus Three Economic Ministers’ Joint Statement on Mitigating the Economic Impact of the Covid-19 Pandemic. They encourage close coordination, especially among the customs agencies, to continue promoting trade facilitation measures, especially at land borders, according to the statement. They also welcome efforts to effectively utilize the Asean Plus Three Emergency Rice Reserve to overcome possible food shortages and help ensure food security in the region during emergencies, said the statement. Asean, which was founded in 1967, groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
The ascent of a more financially inclusive economy through digital transactions has a positive effect on businesses. The basics of building onlineEntrepreneurs must first know that before establishing your online footprint, your business must be operational. For entrepreneurs shifting to an entirely new industry and are just in the process of starting, it’s best to have the groundwork laid out before you introduce your product or service online. For other small businesses, Lazada and Shopee were the platforms responsible for getting their brand out in the market. The digital space has been the eyes and ears of all small businesses for the entire year now and has opened doors to many new businesses that were pivots from non-essential ones, especially those in retail.
PATAGONIA: Fossilized remains of a new species of dinosaur that lived 90 million years ago have been discovered in Patagonia, Argentine paleontologists announced on Thursday (Friday in Manila). The winged dinosaur had legs similar to the velociraptor, and experts believe it may hold the key to revealing information about the evolution of birds. It is a new species of carnivorous Paravestheropod that has been named Overoraptorchimentoi, explained Matias Motta, a researcher from the Argentine natural sciences museum. It is related to another species found more than 10,000 kilometers away in Madagascar. The first remains were discovered in 2013, with more fossils found in a second dig in 2018.
June 05, 2020 16:41 UTC
National Statistician Dennis Claire Mapa said the unemployment rate was equivalent to an estimated 7.3 million jobless people, higher than the 2.3 million in the same month in 2019. The employment rate also plummeted to 82.3 percent in April 2020 from 94.9 percent in the same month last year. “This translates to a decrease in employed persons from 41.8 million in April 2019 to 33.8 million in April 2020,” said Mapa. This corresponds to about 6.4 million underemployed workers from 5.6 million a year ago. “We are saddened — albeit unsurprised — by the April 2020 unemployment rate released by the Philippine Statistics Authority which registered at 17.7 percent,” Roque said in a statement.
June 05, 2020 16:30 UTC
“The mass action has compromised public health and welfare as well as the rallyists’ own safety,” Banac said in a statement. PNP suggested that the groups might conduct rallies through other means, such as the online protest the labor groups did on Labor Day. The PNP also urged the public to not join mass protests in time of public health emergencies. He added that the approval of a bill on third reading could be rescinded by action of the House. During his address to the body on Friday, Cayetano defended the bill, saying the bill adopted an international definition of terrorism, saying terrorism is not activism.
June 05, 2020 16:24 UTC