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(Story on A4) SUU KYI DETAINED IN MYANMAR'S MILITARY POWER GRAB; WORLD BLASTS COUP
Aung San Suu Kyi
MYANMAR'S military seized power in a bloodless coup on Monday, detaining democratically elected leader Aung San Suu Kyi as it imposed a one-year state of emergency. The coup ended a decade of civilian rule in Myanmar, with the military jus-
tifying its power grab by alleging fraud in the November elections that Suu Kyi's National League for Democracy (NLD) party won in a landslide. The takeover sparked global condemnation, with the United States leading calls for democracy to be immedi-
ately restored. Suu Kyi and President Win Myint were detained in the capital Naypyidaw before dawn, party spokesman Myo Nyunt said, just hours before parliament was meant to reconvene for the first time since the elections.
The military sealed off roads around the capital with armed troops, trucks and armored personnel carriers. Military helicopters flew across the city. The military then declared, via its own television channel, a one-year Next page
CHINA DEFENDS COAST GUARD LAW NEWS / A2
LTO: SORRY FOR 'BIGGER CAR' JOKE NEWS / A2
VOL. XXXIV • NO. 329 • 3 SECTIONS 12 PAGES • P18 TUESDAY, FEBRUARY 2, 2021 • www.manilastandard.net • mst.daydesk@gmail.com
‘PH economy in bad shape’
Duterte says we’re losing P2 billion/day as global virus curbs bite hard
T
HE Philippines is “sinking deeper and deeper” and losing P2 billion each day due to restrictions meant to curb the spread of the coronavirus disease 2019 (COVID-19), President Rodrigo Duterte said Monday night. “According to the Secretary of Finance, every day until COVID is done, every day we are losing P2 billion that is supposed to be money for the people,” Duterte said in his weekly televised briefing. “The workers, the Filipino workers would have earned that money if our economy was moving,” he added. “So, we are sinking deeper and deeper, but not just us. If it’s not us, it’s everyone. Pero we (in government) are trying our very best to keep us afloat,” Duterte said in Filipino. He said Filipinos should not stress their poverty amid the global pandemic, but instead keep their faith in the government that is moving, through vaccine czar Secretary Carlito Galvez, to inoculate the country as soon as possible. “Ang ekonomiya natin, mga kababayan ko, is masama talaga. Biro mo naman, ilan taong walang trabaho? Ilang… The economy of the Philippines is really --- is in bad shape. But as I have said, it is not only the Philippines who suffers. We, in the world, are suffering with everybody,” the President said. Next page
Rody stems rising cost of food via price ceiling By Vito Barcelo and Macon Ramos-Araneta Next page
PRICE FREEZE. Customers buy pork products at Paco Market in this file photo. President Rodrigo Duterte has signed Executive Order No. 124 imposing a mandated price ceiling on selected pork and chicken products in the National Capital Region following the rising food prices, Malacañang said Monday. Norman Cruz
PRESIDENT Rodrigo Duterte on Monday imposed a price ceiling on selected pork and chicken products in Metro Manila following a sharp rise in food prices, the Palace said. In a statement, Malacañang said the President signed Executive Order No.
124 upon the recommendation of the Department of Agriculture to address significant increases in prices of basic necessities such as pork and chicken that have become an undue burden on Filipinos, especially the underprivileged and marginalized. Pork prices have risen dramatically because African swine fever (ASF) has Next page
Congress panel approves bill PH gets $25M to lower corporate income tax loan from ADB By Maricel V. Cruz and Macon Ramos-Araneta
GHOST TOWN. A street in Bontoc — the center of commerce, education, transportation, business and seat of government for the Mountain Province — is at a virtual standstill due to recent positive cases of the UK variant of the coronavirus that hit the area. Meanwhile, strict quarantine protocols are in effect in Bontoc and its adjoining towns. Dave Leprozo
A JOINT congressional panel approved on Monday a bill that will reduce the rate of corporate income tax in a bid to attract more foreign investment and help the coronavirus-hit country recover. The bill, a key priority of President
Rodrigo Duterte's administration, will lower corporate income tax rate to 25 percent for big firms and 20 percent for small enterprises from 30 percent, the highest in Southeast Asia, by 2029. Albay Rep. Joey Salceda, chairman of the bicameral committee, said the reconciliation of the Senate and House Next page
P362m tab for spotting variant By Willie Casas THE Department of Health (DOH) needs some P362 million to fund genome sequencing efforts for the whole year, which would help identify new variants against COVID-19. "That's the required budget for the sustenance of a one-year processing of genome sequencing," Health Undersecretary Maria Rosario Vergeire
said in a press briefing Monday. The proposed budget will include a year's worth of supply of reagents or chemicals used in tests, testing kits and other logistical requirements. Vergeire said the Department of Budget and Management has committed to finding the funds required for the Philippine Genome Center, University of the Philippines-National
DESPITE the pandemic, Philippine Charity Sweepstakes Office was able to generate P18.63 billion from its “mga larong may puso” and helped it end the year just ended on a high note. PCSO Vice Chairperson and Gen-
Next page
THE Manila-based Asian Development Bank (ADB) has apportioned $25 million (around P1.2 billion) to loan out to the Philippines this year to buy vaccines for the coronavirus disease 2019 (COVID-19), while the government aims to inoculate as many as 70 million this year. The agreement will allow the Philippine government to pay vaccine manufacturers in advance to secure the delivery of vaccines as the number of cases in the country continues to grow, with the total confirmed cases at 525,618 as of Next page January 31.
AT A GLANCE
(AS OF 4 PM FEB. 1)
527,272
PCSO raises P18b amid crisis By Peter Paul Duran
By Willie Casas and Vito Barcelo
COVID-19 PH
Next page
eral Manager Royina Garma told media members this at the PCSO headquarters as she disclosed the figures during a press briefing Monday. “Fortunately, we were able to re-open our doors in July 2020, PCSO was allowed to resume its games in GCQ
to pay for vax
TOTAL NUMBER OF CASES
1,658 28,891 GAMES HUB. PCSO General Manager Royina M. Garma addresses the audience
during the press conference, inauguration and blessing of the PCSO Games Hub and the turnover of PCSO Lotto and STL Shares at the PCSO offices in Mandaluyong City. Arman Clemente
NEW
ACTIVE
10,807
58
487,574
27
DEATHS
RECOVERIES
NEW
NEW