At least four people were injured after two buses collided along the southbound lane of the Epifanio de los Santos Avenue (EDSA) Carousel Busway on Monday. In a Facebook post, the Inter-Agency Council for Traffic (I-ACT) said the incident occurred at exactly 7 a.m. after a bus tried to enter the busway while there was another incoming bus. “Parehong nabigo ang dalawang drayber na makapreno ng maaga kaya’t sumapul ito sa isa’t-isa. Halos sumampa ang isa sa center island at mga concrete barriers (Both drivers failed to brake early and they collided. One was almost at the top
The Bureau of the Treasury (BTr) rejected bids for the three-month and one-year Treasury bills (T-bills) on Monday due to undersubscription and high yield demand from investors. The BTr’s auction committee, however, fully awarded the 182-day paper at PHP5 billion, which was also the offer volume for the other tenors. The rate of the six-month paper rose to 3.634 percent from 3.485 percent during the auction last Sept. 5. Had the auction committee awarded in full, the 91-day T-bill rate would have risen to 3.349 percent from 2.318 percent last week. The average rate of the
President Ferdinand “Bongbong” Marcos Jr. and members of his Cabinet discussed on Monday efforts being done to achieve sustainability and food security in the country, Malacañang announced Monday. Press Secretary Trixie Cruz-Angeles said the Departments of Agriculture (DA), Transport (DOTR), Interior and Local Government (DILG), and National Economic and Development Authority (NEDA) presented reports that identified factors hindering the country’s food security during the 7th Cabinet meeting convened by Marcos at Malacañan Palace in Manila. “Nagkaroon tayo ng (We had a) Cabinet meeting today and we discussed primarily food security. We are identifying the factors that hinder our
The local stock barometer started the week up ahead of the release of United States August 2022 inflation report while the peso finished sideways against the US dollar. The Philippine Stock Exchange index (PSEi) rose by 1.66 percent, or 109.75 points, to 6,715.75 points. All Shares followed with a jump of 1.12 percent, or 39.35 points, to 3,545.82 points. Most of the sectoral indices also gained during the day namely Holding Firms, 2.03 percent; Services, 1.86 percent; Property and Financials, both up by 1.62 percent; and Industrial, 0.36 percent. Only the Mining and Oil index finished
The City Tourism Office here has warned the public about engaging with unknown persons advertising “perfect” accommodation facilities on social media and advised visitors to contact their office for free assistance. Engr. Aloysius Mapalo, city tourism officer, on Monday said “we receive an average of five complaints per day mostly on the expectations from the accommodation.” He said when tourists transact with a representative from the accommodation facility, they are assured that there is a parking space, an area for cooking, and other facilities to entice them. However, the clients would sometimes find that these were not
The Department of Agrarian Reform in Bicol (DAR-5) is targeting at least 3,438 agrarian reform beneficiaries (ARBs) to be listed in the Registry System for Basic Sector in Agriculture (RSBSA) by the end of the year. Geri Buensalida, DAR-5 information officer, said in a phone interview on Monday that they are encouraging members and non-members of agrarian reform beneficiaries organizations (ARBOs) to enroll in the RSBSA so they could easily avail of government assistance. “We are working it out to register all the 3,438 ARBs. We are also calling those who are not members of ARBOs in their
