Day: August 21, 2024

MANILA: The local stock market closed mid-week lower, snapping its three-day rally on profit-taking, while the Philippine peso ended almost unchanged. The Philippine Stock Exchange index (PSEi) fell 0.64 percent to 6,900.62, with All Shares also declining by 0.13 percent to 3,724.38 level. Among sectoral indices, only the Industrial counter finished with gains, up by 0.14 percent to 9,207.97. Losers were led by Property, down by 1.53 percent; followed by Financials, down by 1.04 percent; Mining and Oil, down by 0.91 percent; Services, down by 0.23 percent; and Holding Firms, down by 0.20 percent. ‘Investors booked gains after three consecutive

LEGAZPI CITY: At least 500 farmers assisted by the National Irrigation Administration (NIA) in Bicol have been included and provided with additional livelihood through the Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced Workers or TUPAD, a program of the Department of Labor and Employment (DOLE). In an interview on Wednesday, NIA-Bicol spokesperson Ma. Cleofe Baraera said the initiative is part of the convergence program of the NIA with other national government agencies. “Through this program, we look for interventions that can be done to assist our irrigators’ associations (IAs) in the six provinces to at least provide additional income,” Baraera said. The

CAGAYAN DE ORO CITY: Camiguin Governor Xavier Jesus Romualdo said the island’s Quick Response (QR) registration policy is part of the island province’s measure to improve tourism services. In a radio interview on Wednesday, Romualdo said the QR system empowers registered to have streamlined access to different services and accredited accommodations. “We wanted data-driven governance in planning and promotion. How will you promote Camiguin when you don’t know your demographics?” he asked. The QR code registration system started during the coronavirus disease 2019 pandemic as a tool for contact tracing. In March 2023, it was relaunched to register tourists as

MANILA: The new procurement law is key to stopping corrupt practices in the government, Budget Secretary Amenah Pangandaman said Wednesday. During the Kapihan sa Manila Bay, Pangandaman said the New Government Procurement Act (NGPA) or Republic Act (RA) 12009 would enhance government efficiency and ensure high-quality outcomes. Pangandaman also guaranteed that there would be no repeat of the so-called Pharmally scandal or the controversial awarding of the multi-billion-peso contracts to the Pharmally Pharmaceuticals Corp. by the past administration. ‘While we made it a little flexible in doing the procurement process, there are still safeguards,’ she said, noting that development partners

MANILA: The Department of Agriculture (DA) and hog raisers industry allayed concerns over the safety and quality of retail pork products amid the resurgence of African swine fever (ASF). In a press conference, DA Assistant Secretary for Swine and Poultry Constante Palabrica said the Bureau of Animal Industry (BAI) has increased its checkpoints to 12 areas in Metro Manila, Central Luzon, and Calabarzon to prevent the spread of ASF. ‘Napaka-effective nitong checkpoints na ito, ayaw naming magping-pong iyong mga baboy mula sa infected areas sa (These checkpoints are very effective, we don’t want to pass on swine from infected areas