The Philippine Stock Exchange index (PSEi) rose for the third day in a row on Monday, May 25, as oil prices continued to decline on hopes for successful peace negotiations between the United States (US) and Iran. The main index added 47.98 points, or 0.8 percent, to close at 6,009.38. Banks led the...
If the deadly building collapse in Angeles City, Pampanga over the weekend highlighted anything, it 's the need for the immediate passage of the proposed new Philippine Building Act (PBA). Thus, said Surigao del Sur 1st district Rep. Romeo Momo Sr., chairman of the House Committee on Public...
Philippine Coast Guard (PCG) K9 rescue teams joined the search for missing construction workers after a nine-story building that was under construction collapsed in Angeles City, Pampanga, an official said on Monday, May 25. PCG spokesperson Commodore Noemie Cayabyab said the Coast Guard K9 teams...
The Philippine taekwondo team concluded its campaign on a good note after winning two silver and nine bronze medals in the 9th Asian Taekwondo Poomsae Championships in Ulaanbaatar, Mongolia recently. The Nationals added five bronzes in Day 2 to complete an 11-medal haul, led by the silver medals...
The interagency Financial Stability Coordination Council (FSCC) has flagged rising risks to the Philippine financial system stemming from the prolonged war in the Middle East, increasing corporate vulnerabilities, and growing household debt, although officials said the country’s banking sector...
The Philippine Red Cross (PRC) said it mobilized a 38-man response team to sustain round-the-clock operations following the collapse of a nine-story building under construction in Angeles City, Pampanga, which caused casualties and prompted extensive search and rescue operations. In a statement,...
Electricity subsidies remain necessary to help vulnerable households and remote communities access power, but the Philippine government needs to improve targeting mechanisms to reduce leakages and ensure long-term sustainability, according to experts at a recent webinar organized by state-run...
The inflation-targeting Bangko Sentral ng Pilipinas (BSP) is expected to continue raising interest rates to contain surging inflation despite the risk of slower economic growth. In a May 22 report, Japanese financial giant MUFG Bank Ltd. said the Philippines is facing one of the most severe...
The local stock market may trade sideways this week as concerns over rising inflation and interest rates offset hopes for a peace pact between the United States (US) and Iran. “The local market is still expected to deal with lingering uncertainties, which could keep its movement tempered this...
Athletes, who will bag medals at the Palarong Pambansa, will receive incentives from the Philippine Sports Commission, President Marcos announced. Marcos made the announcement in his video message during the opening ceremony of the Palarong Pambansa in Agusandel del Sur on Sunday, May 24. "Masaya...
Cup of Joe proved that not even heavy rain could stop a crowd determined to celebrate music, memories, and milestones together. On May 23, the five-piece band, composed of Gab Fernandez, Gian Bernardino, Rapha Ridao, CJ Fernandez, and Xen Gareza, staged the historic “Sandali: The Cup of Joe...
Ombudsman Jesus Crispin “Boying” Remulla said the current predicament of Senator Ronald “Bato” Dela Rosa is very ironic, as he used to be the top cop who enforced the law, and now he appears to be running away from it as he seems to be evading arrest over the warrant issued against him by...
