Articles worth reading

PAGASA welcomes revision of dam protocols

account_balanceMetro Manila access_time4 days ago

The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) sees the need to review and update protocols governing dam operations nationwide, according to a report by Philippine News Agency. Reviewing and upda...

Manila City Mayor Isko Moreno

Manila contract workers to receive P5,000

account_balanceManila access_time4 days ago

Job order (JO) and contract of service workers of the city government of Manila will receive financial assistance worth P5,000 each, according to a report by Philippine News Agency. The grant was stated in Ordinance No. 8701 signed by Mayo...

Photo courtesy of: Manila PIO

10-story public school to rise in Tondo

account_balanceManila access_time4 days ago

Manila Mayor Francisco “Isko Moreno” Domagoso unveiled a plan to erect a 10-story campus for Rosauro Almario Elementary School in Tondo, Manila, according to a report by Manila Bulletin. In a directional meeting with city government...

Metro Opinion

Photo Courtesy of Associated Press


account_balanceMetro Opinion account_circleLeigh Bellosillo chat_bubble_outline0 Comments

Excited? Nope, we’re not yet back to normal but the vehicles are kinda’ filling up the streets again in anticipation to the shift to MGCQ from the extended ECQ wherein some of the businesses will be allowed to operate on a limited basis.

With most the economies trying to normalize the standard of doing business, the Asian Development Bank (ADB) updated its assessment on the outlook of the global economy.

In its latest report, ADB says the global economy could suffer between $5.8 trillion and $8.8 trillion in losses, which is roughly equivalent to 6.4 percent to  9.7 percent of global gross domestic product (GDP) merely on the account of the as novel coronavirus disease (COVID-19) pandemic.

Entitled Updated Assessment of the Potential Economic Impact of COVID-19, ADB finds that economic losses in Asia and the Pacific could range from $1.7 trillion under a short containment scenario of three months to $2.5 trillion under a long containment scenario of six months, with the region accounting for about 30 percent of the overall decline in world out.

ADB upsized its economic cost outlook despite recognizing the efforts of governments around the world in quickly responding to the impacts of the pandemic by implementing measures such as fiscal and monetary easing, increased health spending, and direct support to cover losses in incomes and revenues.

The new analysis updates findings presented in the Asian Development Outlook (ADO) 2020 published on 3 April, which estimated COVID-19’s global cost to range from $2.0 trillion to $4.1 trillion. According to ADB, People’s Republic of China (PRC), which this virus first erupted could suffer losses between $1.1 trillion and $1.6 trillion.

“This new analysis presents a broad picture of the very significant potential economic impact of COVID-19,” ADB Chief Economist Yasuyuki Sawada explained.

Sawada went on saying that “it also highlights the important role policy interventions can play to help mitigate damage to economies. These findings can provide governments with a relevant policy guide as they develop and implement measures to contain and suppress the pandemic, and lessen its impacts on their economies and people.”

On good news that could softened up continued selling in the local bourse by foreign holdings is the commitment of Ikhlas Capital Singapore PTE. LTD. to invests in cold chain logistics in the country.

Last Wednesday Ikhlas inked an agreement for an investment of up to US$18 million in Glacier Megafridge Inc. (GMI). Founded in 2005, GMI is one of the leading integrated cold chain logistics service providers in the country.

 The Ikhlas investment will bankroll GMI’s plans to scale-up capacity in providing end-to-end service and to extend geographic coverage nationwide. This investment is an important milestone as we embark on our expansion plans. At GMI, we believe in mindful growth through strategic and synergistic partnerships. Together with the strong local and regional network of Ikhlas, we can enhance our value proposition, both in terms of location coverage and service quality. We will work non-stop towards becoming the top cold chain player in the country,” said Arturo C. Yan, co-founder and GMI president.

 It is cold chain logistics provider preferred by many local and international blue-chip companies. It operates eight major facilities in Metro Manila and key provinces.

 That’s how it is for now around the metro.

date_rangeDate Published
6 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Fuel prices raised on Tuesday

account_balanceMetro Manila chrome_reader_mode1 day ago

Oil companies raised pump prices of fuel products by more than P1 per liter on Tuesday, according to a report by Philippine Star. Gasoline prices would be raised by P1.15 per liter, diesel by P1.10 per liter, and kerosene by P1.10 per liter. In sep...

Saso back in record hunt with 69

account_balanceMetro Manila chrome_reader_mode4 days ago

Running out of holes and space for a comeback to re-ignite a determined record drive, Yuka Saso made one big surge in the first six holes of Miyazaki Country Club's backnine and found her dream finish in a maiden LPGA of Japan Tour campaign back ...

FDA warns against adverse impact of UV devices

account_balanceMetro Manila chrome_reader_mode1 day ago

The Food and Drug Administration (FDA) warned against the use of ultraviolet (UV) emitting devices to disinfect against COVID-19 as these could be harmful to health, according to a report by Philippine Star. In its Advisory 2020-2052, FDA director g...

The struggles in 2020 of the casino industry in the Philippines

account_balanceMetro Manila chrome_reader_mode2 months ago

Do you want to learn more about the challenges and predictions for the gambling industry in the Philippines? Find all answers in this article!

Let's Stay Connected Like us on our Facebook page.
Click on the article to continue reading
Solar-powered bike pit stop opens in San Juan DOTr wont apprehend vehicles without RFID until Jan. 1Covid-19 cases in NCR on a decline Maynilad service interruption expected until Nov. 29PNP chapels to limit Simbang Gabi crowd to 30% All UP students likely to pass this semester About 6 million Filipinos register for national ID Expressways ready to enforce cashless transactions by Dec. 1 Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature