Day: July 16, 2024

MANILA: The Philippine Stock Exchange index (PSEi) declined Tuesday on profit-taking, while the local currency improved its performance. The PSEi closed the day lower by 0.33 percent at 6,667.09, with All Shares also shedding by 0.23 percent down to 3,585.93. ‘Local shares succumbed to profit taking following a successive run-up of the index as investors bet that the unsuccessful assassination attempt boosted Donald Trump’s chances of reclaiming the White House,’ Regina Capital Development Corp. head of sales Luis Limlingan said. Among sectoral indices, only Property boosted its shares to 2,697.04, higher by 1.73 percent than its Monday close. Those in

CEBU CITY: Athletes in Central Visayas will return to the drawing board to focus on enhancing their performance in preparation for the 2025 national games, a sports official said on Tuesday. John Pages, chair of the Cebu City Sports Commission, said the region’s athletes’ fifth place finish in the just-concluded Palarong Pambansa is commendable yet “slightly disappointing.” Still, the record for this year’s national meet surpassed the 2023 medal tally with 110 medals –29 gold, 42 silver, and 39 bronze. ‘The focus will be particularly on the ball games, volleyball, football, futsal, and basketball. We hoped our home court advantage

CAGAYAN DE ORO CITY – Four provinces and four local government units in the Northern Mindanao Region have been included in the PHP1.055 billion allocation for the Green, Green, Green Program (GGGP). The Department of Budget and Management (DBM) announced on Tuesday that the covered areas are the provinces of Camiguin, Misamis Oriental, Misamis Occidental and Lanao del Norte. The LGUs included are Baloi in Lanao del Norte, Lugait and Claveria in Misamis Oriental, and this city. In a statement, DBM Secretary Amenah Pangandaman said that the GGGP funding will be released to 80 LGUs nationwide, including 38 provinces, cities

DUMAGUETE CITY – Agriculture technicians are scrambling to curb a potential heavy fall armyworm infestation that threatens to wipe out corn fields in Negros Oriental, an official said Tuesday. Emmanuel Caduyac, Provincial Agriculture Office (PAO) chief, told the Philippine News Agency that as of July 16, some 1,683 hectares of corn fields were already destroyed by fall armyworms in at least eight municipalities. These are Manjuyod, Bindoy, La Libertad, Vallehermoso, Tayasan, Ayungon, Jimalalud and San Jose. Vallehermoso suffered the most damage with a total infestation, destroying 168 hectares planted with corn, the PAO official said. The other towns reported at

MANILA: The Japan International Cooperation Agency (JICA) will help boost the capacity of the Philippine Institute of Volcanology and Seismology (Phivolcs) in earthquake and tsunami analysis and monitoring. The record of discussions between the two agencies was signed at the Phivolcs’ auditorium in Quezon City on Tuesday. Phivolcs Director Teresito Bacolcol said the project aims to capacitate their technical staff in delivering timely and accurate information concerning earthquake and tsunamis. “This is Japan’s commitment and contribution to the promotion of international cooperation, especially towards developing countries,” he told the Philippine News Agency. Phivolcs will send employees for short term training