BusinessMirror August 01, 2020

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ROTARY CLUB OF MANILA JOURNALISM AWARDS

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Saturday, August 1, 2020 Vol. 15 No. 296

EJAP JOURNALISM AWARDS

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DEPARTMENT OF SCIENCE AND TECHNOLOGY

2018 BANTOG MEDIA AWARDS

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A YOUNG girl climbs down from their passenger jeepney at the Tandang Sora terminal, which has been home for her family during a lockdown, June 17, 2020, in Quezon City. About 35 jeepney drivers were forced to stay due to travel restrictions and have made jeepneys their home as the government banned public transport during the community quarantine to prevent the spread of the new coronavirus. Many of the jobless drivers have resorted to begging in the streets, displaying cardboard signs scrawled with pleas for money and food on their multicolored jeepneys. AP/AARON FAVILA

STEEPER CLIMB TO HUMAN PROGRESS

The PHL, which with Indonesia was hardest hit by Covid-19 in Asean, may see hard-won gains in poverty reduction eroded, and already problematic health care system further burdened, says the Unescap.

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By Cai U. Ordinario

ECADES of hard-won gains in poverty reduction are being eroded by the Covid-19 pandemic, even as governments like that of the Philippines have extended billions in cash transfers to the most vulnerable, United Nations experts fear.

In its latest policy brief on the coronavirus disease (Covid-19) and Southeast Asia, the UN Economic and Social Commission for Asia and the Pacific (Unescap) said without alternative incomes and weak social protection systems, many informal workers would be pushed into poverty. Based on the report, the Philippines and Indonesia were the most affected by the Covid-19 pandemic in Southeast Asia in terms of

reported fatalities. “The crisis threatens to destroy the livelihoods of Southeast Asia’s 218 million informal workers, who represent anywhere between 51 and 90 percent of the national non-agricultural workforces in countries of the subregion,” the policy brief stated. “Without alternative income, formal social protection systems or savings to buffer these shocks, workers and their families will be

pushed into poverty, reversing decades of poverty reduction,” it added. Philippine authorities, meanwhile, would rather not be daunted. National Economic and Development Authority (Neda) Undersecretary for Planning and Policy Rosemarie G. Edillon said that while it is possible that poverty would increase, such increase could be tempered by efforts of the Philippine government.

In a press briefing on Thursday, Edillon explained that poverty can be related to income which is linked to a person’s employment or ability to earn a living, while the other is related to purchasing power. She said the government’s approach has been two-pronged in the way that it has extended the Social Amelioration Program (SAP) to cover the bottom 70 percent of Continued on A2

Final days of hajj and Eid festival impacted by coronavirus

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By Aya Batrawy | The Associated Press

UBAI, United Arab Emirates— Small groups of pilgrims performed one of the final rites of the Islamic hajj on Friday as Muslims worldwide marked the start of the Eid al-Adha holiday amid a global pandemic that has impacted nearly every aspect of this year’s pilgrimage and celebrations. The last days of the annual pilgrimage to Mecca in Saudi Arabia coincide with the fourday Eid al-Adha, or “Feast of Sacrifice,” in which Muslims slaughter livestock and distribute the meat to the poor. The pandemic has pushed millions of people around the world closer to the brink of poverty, making it harder for many to fulfill the religious tradition of purchasing livestock. In Somalia, the price of meat has slightly increased. Abdishakur Dahir, a civil servant in Mogadishu, said that for the first time he

won’t be able to afford goat for Eid because of the impact of the virus on work. “I could hardly buy food for my family,” Dahir said. “We are just surviving for now. Life is getting tougher by the day.” In some parts of West Africa, the price for a ram has doubled. Livestock sellers, used to doing brisk business in the days before the holiday, say sales have dwindled and those who are buying can’t afford much. “The situation is really complicated by the coronavirus, it’s a tough market,” Oumar Maiga,

PESO EXCHANGE RATES n US 49.2170

MUSLIMS, wearing protective masks as a precaution against the coronavirus, offer their prayers during the Eid al-Adha prayer backdropped by the Byzantine-era Hagia Sophia, recently converted back to a mosque, in the historic Sultanahmet district of Istanbul, early Friday, July 31, 2020. Eid alAdha, also known as the Festival of Sacrifice, at the end of the hajj pilgrimage to Mecca, is a major holiday observed by billions of Muslims across the globe. This is the first Feast of Sacrifice since the onset of the global coronavirus pandemic. AP/MEHMET GUZEL

a livestock trader in Ivory Coast said. “We are in a situation we’ve never seen in other years.” The hajj pilgrimage has also been drastically impacted by the virus. Last year, some 2.5 million pilgrims took part, but this year as few as 1,000 pilgrims already residing in Saudi Arabia were allowed to preform the hajj. The Saudi Health Ministry said there have been no cases of the Covid-19 illness among this year’s pilgrims. The government took numerous precautions, including testing pilgrims for the virus, monitoring their movement with electronic wristbands and requiring them to quarantine before and after the hajj. Pilgrims were selected after applying through an online portal, and all had to be between the ages of 20 and 50 years old. Just after dawn on Friday, small groups of pilgrims—masked and physically distancing—made their way toward the massive multi-story Jamarat Complex in the Saudi valley area of Mina. There, the pilgrims cast pebbles at three large columns. It is here Continued on A2

n JAPAN 0.4690 n UK 64.0018 n HK 6.3507 n CHINA 7.0297 n SINGAPORE 35.8333 n AUSTRALIA 35.3821 n EU 58.0515 n SAUDI ARABIA 13.1252

Source: BSP (July 31, 2020)


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