A 19-man delegation from the Technical Education and Skills Development Authority (TESDA) in Cordillera Administrative Region (CAR) left for Bohol on Tuesday to help in the whole-of-government recovery effort for the residents affected by Typhoon Odette. Stephanie Nicole M. Peligman, TESDA-CAR information officer, said the team led by regional director Jeffrey Ian Dy is composed of trainers on carpentry, electrical installation and maintenance, and masonry from the Provincial Training Centers (PTCs) of TESDA Kalinga, TESDA Mt. Province, TESDA Abra, TESDA Apayao, and TESDA Ifugao. “The team will help the people of Bohol rebuild their homes,” she said in a press

Trading in the local bourse was canceled Tuesday due to technical issues while the peso weakened against the US dollar. In a memorandum on its website, Philippine Stock Exchange, Inc. (PSE) president and chief executive officer Ramon Monzon said there were “technical problems encountered in establishing connection between the NASDAQ trading engine and the Flextrade front-end system.” “PSE continues to work and coordinate closely with representatives of NASDAQ and Flextrade to identify the underlying cause of the above-described production issue and come up with appropriate solution,” he added. The peso depreciated against the greenback after closing the day’s trade at

Department of Trade and Industry (DTI) Secretary Ramon Lopez said there is no shortage of paracetamol in the local market, and its tight supply is due to delivery issues. “There might be a temporary tight supply for some brands. But it is due to timing of deliveries to replenish the stocks in the branches of these drugstores,” Lopez told reporters in a text message Tuesday. He cited that brands such as Biogesic and Decolgen, which are under pharmaceutical firm Unilab, “may be having temporary out of stock situations” in drugstores as the manufacturer cut off deliveries last December. Delivery of

The Philippine economy will continue its recovery in 2022 despite the continuous threat of the coronavirus disease 2019 (Covid-19) as vaccination rollout and economic developments expand. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno, in his message during the first meeting for the year with members of the Tuesday Club, a journalists’ group, cited positive economic developments on trade, labor conditions, inflation, and domestic liquidity, among others. He said exports of goods have recovered as more countries open their economies, a turnout which is also being felt in the Philippines. Thus, trade deficit rose to USD36.6 billion as of the

The Bureau of the Treasury’s (BTr) auction committee fully rejected all bids for the re-issued seven-day Treasury bond (T-bond) on Tuesday after investors asked for high yields. Had the committee made a full-award, the rate of the debt paper would have risen to 4.814 percent from 4.468 percent. BTr offered the securities for PHP35 billion and total bids reached PHP41.42 billion. “Full rejection rates are unreasonably high with expectations for inflation to trend downward. BSP (Bangko Sentral ng Pilipinas) remains committed to support economic recovery,” National Treasurer Rosalia de Leon told journalists in a Viber message on Tuesday. She said

About 78,138 family food packs (FFPs) have been distributed to cities and towns affected by Typhoon Odette in Eastern Visayas in the past two weeks, the Department of Social Welfare and Development (DSWD) reported on Tuesday. The number of FFPs delivered to local governments represents 73 percent of the projected more than 106,000 population in badly-hit communities, DSWD 8 (Eastern Visayas) Director Grace Subong said in a phone interview. “We have to make sure there is equitable distribution of food packs since several organizations are also in Southern Leyte giving food assistance to families,” Subong told the Philippine News Agency