Concerns on the impact of the Omicron variant of coronavirus disease 2019 (Covid-19) continue to hit the local bourse but the peso kept its footing against the US dollar on Tuesday. The Philippine Stock Exchange index (PSEi) shed 0.97 percent, or 70.55 points, to 7,167.06 points. All Shares declined by 0.59 percent, or 22.71 points, to 3,805.67 points. Financials posted the highest drop among the sectoral gauges at 1.55 percent. It was trailed by the Services, 0.87 percent; Property, 0.84 percent; Industrial, 0.73 percent; Holding Firms, 0.68 percent; and Mining and Oil, 0.05 percent. Volume totaled 955.83 million shares amounting
The Presidential Communications Operations Office (PCOO) is appealing for help for the victims of Typhoon Odette in the Visayas and Mindanao. PCOO Secretary Martin Andanar said the Northern Mindanao Task Force to End Local Communist Armed Conflict (RTF-ELCAC 10) has initiated a donation drive for typhoon victims dubbed as the “Bangon VisMin Typhoon Odette Donation Drive”. Andanar, also Cabinet Officer for Regional Development and Security for Northern Mindanao, said the initiative will help send additional relief assistance to the affected families in Regions 7, 10, and Caraga. “Tulungan po natin ang ating mga kababayang lubos na naapektuhan ng malakas na
Arvin Tolentino is making the most out of the extra time given him at Barangay Ginebra. With the Kings plagued by injuries to key players, Tolentino stepped up on the plate and provided huge contributions in helping the defending PBA Governors Cup champion off to a fast 3-0 start in its title retention bid. The sophomore big man posted back-to-back career highs in the team’s last two outings to emerge as the Cignal Play-PBA Press Corps Player of the Week for the period Dec. 15-19. Tolentino emerged as the top choice following a tight race that saw teammate Christian Standhardinger
San Miguel Corporation (SMC) has activated its network in the Visayas and Mindanao regions to deliver truckloads of food to Typhoon Odette-hit areas. This, as the company dispatches fuel stocks at its Petron installations and where possible, provides access to water at its affected manufacturing facilities to help fenceline communities. In a statement Tuesday, SMC president and chief executive officer Ramon S. Ang said the company had, over the weekend, coordinated with various local government units to immediately extend aid to stricken cities and communities, with its donations reaching PHP30 million as of Monday. Among the provinces SMC has been
Southern Leyte province has been placed under a state of calamity as Typhoon Odette left a trail of massive destruction, killing at least 13 and rendering thousands of families homeless in its capital city and 18 towns. Governor Damian Mercado issued the declaration on Monday to hasten the rescue, relief, recovery, and rehabilitation efforts of the provincial government and ensure the provision of basic services. “All provincial offices and other concerned government agencies are hereby directed to implement and execute rescue, recovery, relief, and rehabilitation work in accordance with the pertinent operational plans and directives,” Mercado said in his declaration.
