Day: July 29, 2024

MANILA: The Philippine Senate on Monday approved in plenary Senate Bill (SB) No. 2555, which seek to amend Republic Act 11235 or the Motorcycle Crime Prevention Act, otherwise known as the “Doble Plaka” (double plate number) Law, with 22 affirmative votes, zero negative, and no abstention. SB 2555 seeks to provide fair and reasonable regulations for motorcycle riders, ensuring not only their security and safety but also of the community by amending the provisions regarding the imposition of fines and imprisonment penalties, adjusting them to a more reasonable amount and period. The bill also proposes the installation of Radio Frequency

MANILA: The Manila International Airport Authority (MIAA) on Monday clarified that there is no definite plan yet to close the Ninoy Aquino International Airport (NAIA) Terminal. MIAA acting General Manager Eric Ines told the Philippine News Agency that closing the terminal is unlikely to happen at the moment, but added there was an initial thought of shutting it down and expanding the Runway 13/31. “As we speak, the San Miguel Corp. (SMC) has not informed us if such a plan would push through. They initially thought of closing the Terminal 4 to expand the Runway 13/31,” he said. SMC leads

MANILA: Both the local stock market and currency declined on the first day of trading this week. The Philippine Stock Exchange index (PSEi) fell by 1.14 percent to 6,649.23 points, while All Shares also decreased by 0.68 percent to 3,605.33. Among sectoral indices, only the Industrial counter closed in the green territory, higher by 0.16 percent finishing at 9,174.50 level. Financials had the biggest drop for the day, declining by 2.65 percent; followed by Mining and Oil, down by 1.18 percent; Property, down by 0.90 percent; Services, down by 0.84 percent; and Holding Firms, down by 0.51 percent. Philstock Financials,