Floodwaters at least a foot deep remained in at least 574 areas across the country on Saturday, Aug. 22, due to the combined effects of the southwest monsoon or “habagat” and Tropical Cyclones Luis, Maymay, and Neneng, the Office of Civil Defense (OCD) said. The OCD said a total of 7.4 million...
Damage to agriculture and infrastructure from the recent weather disturbances has climbed to P6.60 billion, with the Office of Civil Defense (OCD) adding the effects of Tropical Cyclone Neneng to its assessment of the overlapped impact of southwest monsoon (habagat) and cyclones “Luis” and...
The Philippine Stock Exchange index (PSEi) rebounded as the surge across global markets emboldened investors to hunt for bargains in the local equity market. The PSEi jumped 80.12 points, or 1.3 percent, to close at 6,238.46 on Thursday, Aug. 20, driven by broad-based gains led by a rally in mining...
Local equities declined as the peso dropped to an all-time low against the United States (US) dollar and global oil prices advanced, stoking fears that accelerating inflation will force borrowing costs to stay elevated. The Philippine Stock Exchange index (PSEi) sank 106.36 points, or 1.7 percent,...
Local stocks finished virtually unchanged in Tuesday session, as a late-stage wave of selective bargain hunting offset lingering investor anxiety surrounding Middle East turmoil and cooling domestic economic indicators. The Philippine Stock Exchange index (PSEi) crept up 2.90 points, or 0.05...
The Philippine Stock Exchange index (PSEi) dropped in thin trades on Monday, Aug. 17, as overseas Filipino (OF) remittance growth slowed down, while United States (US) bourses weakened due to softer economic data. The main index lost 35.5 points, or 0.56 percent, to close at 6,261.80. The services...
Agricultural damage from tropical cyclones Luis and Maymay and the enhanced southwest monsoon or “habagat” has exceeded ₱1 billion, based on the latest estimate of the Department of Agriculture (DA). In a bulletin on Monday, Aug. 17, the DA said the agriculture sector has incurred ₱1.03...
The number of areas placed under a state of calamity has risen to 50 as the impact of the combined effects of the enhanced southwest monsoon (habagat) and tropical cyclones “Luis” and “Maymay” became more apparent, the Office of Civil Defense (OCD) disclosed Sunday, Aug. 16. Based on the...
Damage to infrastructure and agriculture from the combined effects of the southwest monsoon (habagat) and tropical cyclones “Luis” and “Maymay” has reached more than P4 billion as at least 82 flood control projects were either partially affected or totally destroyed across the country, the...
Local stocks advanced to end the week higher as in-line United States (US) inflation data eased fears of aggressive monetary tightening by the Federal Reserve, prompting investors to seek bargain shares in local equities. The Philippine Stock Exchange index (PSEi) added 9.05 points, or 0.14...
The Philippine National Police (PNP) on Friday, Aug. 14, directed police commanders nationwide to tighten compliance with waste segregation and disposal rules as the government stepped up efforts to address the country’s growing garbage problem. Police Gen. Jose Melencio C. Nartatez Jr., PNP...
The Department of Social Welfare and Development (DSWD) said it continues to augment relief assistance for local government units (LGUs) helping communities affected by the southwest monsoon (habagat) and back-to-back tropical cyclones “Luis” and “Maymay.” Based on the latest Disaster...
