Sovereign Trust Insurance beats coronavirus impacts to report PBT growth of 7% in Q3
Despite the challenging operating environment occasioned by the global covid-19 pandemic, which has led to so many businesses grappling for survival including the Insurance Industry in 2020, Sovereign Trust Insurance Plc has once again proved to be a very resilient , posting a 7 percent growth in profit before tax.Olaotan Soyinka, managing director/ceo of STI said the result is a reflection of the realities of the times and that the Company is undaunted and will continue to remain focused in ensuring that the Company keeps up with its obligations as a very dynamic and responsive corporate enti...
I win, you win! (BIR’s 2018 VAPP)
I win, you win! (BIR’s 2018 VAPP)The COVID-19 pandemic has threatened the lives of millions of people. While many have recovered from the virus, it has still resulted in numerous deaths due to the fast spread of the virus because of its airborne nature. This pandemic has also brought about an increase in the implementation of work-from-home arrangements. The work-from-home arrangements provides a balance of the interests of the employee and the employer: the employee is able to practice self-care by staying at home while working to earn; and the employer is able to continue its business by all...
Economic outlook for Asia-Pacific ‘stabilizing’ for first time since pandemic started — S&P
Economic outlook for Asia-Pacific ‘stabilizing’ for first time since pandemic started — S&PIan Nicolas Cigaral(Philstar.com) – November 30, 2020 – 5:08pmMANILA, Philippines — Economic outlook for Asia-Pacific countries, including the Philippines, is starting to “stabilize” after months of turmoil brought by the coronavirus pandemic, but uncertainty remains “unusually high” at this point, international debt watcher S&P Global Ratings said Monday.What has changed since the outbreak began engulfing economies in the past three quarters is that the probability of an early vaccine is now high while ...
Seattle’s tuition-free community college program comes to the rescue during the pandemic
Two years ago, Seattle voters overwhelmingly approved an education levy giving the city’s public high-school graduates two years of free community college.But just as the program was gearing up to start its first year at full capacity, the pandemic hit.Schools shut down. And the recruitment and enrollment specialists stationed at each Seattle high school to raise awareness and help students apply could only work from home.A summer session meant to help prepare students for college life? That had to be entirely redesigned.And the students already enrolled in the program? They suddenly needed Wi...
The Seattle Times
Mental health related visits to the ER increased for children during the pandemic, CDC study finds
As lockdown restrictions return due to the rising numbers of COVID-19 cases, the U.S. Centers for Disease Control and Prevention (CDC) has published new research that shows the negative impact of the pandemic on the mental health of children and adolescents.Researchers found that the proportion of emergency department visits related to mental-health were up 24% for children aged 5 to 11 and 31% for children aged 12 to 17 from April through October, compared with the same time period last year. The findings, published last week, add to existing research suggesting that COVID-19 has had a negati...
The Philadelphia Inquirer
Japan, China welcome restart of business travel amid pandemic
Japan and China welcomed the restart Monday of reciprocal business travel, with expectations the easing of border controls and compulsory 14-day quarantine requirements will expedite the post-coronavirus recoveries of the world's second- and third-largest economies."It comes under difficult circumstances, but I expect the (resumption of travel) will contribute to promoting human exchanges," Japanese Foreign Minister Toshimitsu Motegi said in a message read at an online forum attended by former and current government officials and corporate executives from the two countries.Motegi's Chinese cou...
Phuket struggles amid a pandemic
Arriving in Phuket, everything looked different. I felt the silence as crowds of foreign tourists have disappeared from Phuket International Airport. The atmosphere was lonelier than usual with only a small group of passengers gathering at the luggage belt. There were no long queues in front of the bathrooms or check-in counters.Some hotel staff and vans stood by to pick up their customers at the entrance as I walked slowly spending about 15 minutes doing other things before leaving the terminal. This is not a normal sight during the high tourist season.Last year, Phuket International Airport ...
The Bangkok Post
Gold Down as Global Optimism Continues
Investing.com -By Adam ClaringbullInvesting.com – Gold was down on Monday morning in Asia as investors are look toward a brighter future. While stocks have had a roaring November, gold is facing its worst month in four years.Gold futures were down 0.81% at $1,773.70 by 12:01 PM ET (4:01 AM GMT). Gold rolled over to the Feb 21 contract on Nov 29.With expectations of an end to the COVID-19 pandemic rising as vaccines reach the final approval stage and the U.S. Federal Reserve looking likely to step up fiscal relief, investors are heading for risk-on stocks. Global markets have hit record heights...
GDP growth to exceed 8% in 2021 as post-pandemic recovery continues
File photo: VCGGradually emerging from the COVID-19 pandemic, China's economy has demonstrated its resilience and stability this year. With a further recovery expected, GDP growth will exceed 8 percent next year, according to macroeconomists and industry reports.Real GDP growth in 2021 is expected to hit 8.1 percent due both to the low base this year caused by the pandemic and the continued economic recovery, the China Macroeconomy Forum said in a report over the weekend.Next year's economic growth will start at a fast rate and then decelerate. First-quarter GDP in 2021 is estimated to expand ...
As pandemic closes New York stores, artists move in
New York (AFP) - Artists are taking over New York storefronts made empty by the coronavirus pandemic, receiving invaluable free exposure and breathing life into depressed shopping streets.Thousands of shops and restaurants have closed this year as the virus ravages the Big Apple's economy, and artists are now getting some of them as studios and exhibition space. "Sometimes they say tragedy brings an opportunity. So this is an opportunity," says the artist known as Sir Shadow, performing his signature one-stroke drawings in a former furniture store in Manhattan. The 70-something is helped by Ch...