Around 519.93 metric tons of unfit, demonetized, mutilated, and counterfeit coins have been defaced from October 2021 until September 2022, the Bangko Sentral ng Pilipinas (BSP) said Wednesday. The BSP said the process was done by altering the surfaces of the coins using a machine “to prevent them from being recirculated”. “The defaced coins may then be recycled into different items based on their metallic content,” it said. The BSP said around 70 percent, or about 364 metric tons, of the coins were unfit, 25 percent were mutilated, 4 percent were counterfeit, and 1 percent were demonetized.
Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Rizalino Acuzar has shown strong commitment and determination to address the country’s housing backlog in compliance with President Ferdinand Marcos Jr.’s directive. Acuzar expressed this sentiment following the onslaught of Severe Tropical Storm Paeng that claimed numerous lives and destroyed infrastructures including houses in many parts of the country. He said President Marcos’ desire to fill the housing gap was evidenced by his recent engagements with stakeholders to tackle the matter. Last Friday, the President inspected the Bagong Sibol Housing Project in Barangay Nangka, Marikina City and
The Philippine National Railways (PNR) and the Metro Rail Transit Line 3 (MRT-3) are now up and running after a PNR train derailed and the MRT-3 experienced signaling issues on Wednesday. In an advisory, the PNR said its Tutuban-Alabang, Bicutan, Biñan, and vice versa route is now online after the successful re-railment of the affected train in Magsaysay Crossing near the Santa Mesa station. “Naibalik ang normal operations bandang 8:00 ng umaga matapos ang re-railment at testing (Normal operations resumed at about 8 a.m. after re-railment and testing),” it said. The train derailment was caused by the
The condition of the domestic manufacturing sector improved in October 2022, according to the SandP Global Philippines Manufacturing Purchasing Managers’ Index (PMI) report on Wednesday. SandP Global recorded a softer growth for Philippine factories last month at 52.6 from 52.9 in September. SandP Global Market Intelligence economist Maryam Baluch said the continued improvement of the manufacturing score in October signaled growth in buying activities and employment among local producers. “The latest PMI data revealed yet another round of expansion across the Filipino manufacturing sector. Demand conditions continued to improve, resulting in a further rise in output and
The Philippines has logged 4,102 cholera cases from Jan. 1 to Nov. 2, a 254 percent increase as compared to the same period last year, the Department of Health reported Wednesday. The latest tally is 2,943 cases higher than the 1,159 cases reported last year. However, the reported cholera cases are described to be “on a plateau” in the recent week. “Ang ating cholera cases ano, hindi pa tayo nakakakita ng pagtaas ng kaso at sa ngayon ito ay on a plateau at kung mapapansin natin andun siya sa level lamang ng ating alert and epidemic threshold pero
The Manila Electric Company (Meralco) reported it has fully restored power in its franchise areas Wednesday morning following the onslaught of Severe Tropical Storm (STS) Paeng last weekend. “As of 1100H on 02 November 2022, Meralco has restored all affected facilities by STS Paeng and has returned to normal operations,” the Department of Energy (DOE) said in its latest energy situation report. Earlier, Meralco said a total of 4,002,292 customers in Metro Manila, Bulacan, Batangas, Cavite, Laguna, Rizal and Quezon experienced momentary and sustained power interruptions due to Paeng. “What we’re doing now is checking if there
