Expectations for continued hikes in the Federal Reserve’s key rates hurt the local stock barometer but the peso finished unchanged against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.36 percent, or 24.52 points, to 6,716.88 points. All Shares followed with a drop of 0.46 percent, or 16.67 points, to 3,585.85…
Central Luzon, the country’s rice granary, remained the country’s top producer of palay in the first quarter of this year. Based on the latest data of the Philippine Statistics Authority-Regional Statistical Services Office-Central Luzon (PSA-RSSO III), the region produced 772,855 metric tons of palay, contributing 17 percent to the country’s output. The production…
The implementing panels of the Government of the Philippines (GPH) and the Moro Islamic Liberation Front (MILF) renewed their mutual commitment to continue pushing for a comprehensive Philippine peace process. In a joint statement released Monday, the GPH and MILF agreed on the following resolutions and action points, bearing in mind continuity, stability, and…
The mayor of Cebu’s southern coastal town of Samboan on Monday cited the almost PHP17-million community development projects of the Department of Social Welfare and Development (DSWD) which enable them to more effectively fight coronavirus disease 2019 (Covid-19). Mayor Emerito Calderon Jr. said his town has prioritized healthcare services for his constituents through its…
The mother of Kieth Absalon, the Far Eastern University footballer who was killed in an explosion perpetrated by the New People’s Army (NPA) last year, has appealed to the incoming administration of President-elect Ferdinand “Bongbong” Marcos Jr. to continue outgoing President Rodrigo Duterte’s whole-of-nation approach to end the more than five-decades of terrorism. In…
The Sandiganbayan acquitted a former Eastern Samar town mayor and other officials of graft charges arising from the reimbursement of maintenance expenses for the former’s personal sports utility vehicle (SUV) that was used for official purposes.In a de…
