Day: September 24, 2024

The Department of Human Settlements and Urban Development (DHSUD) in the Cordillera Administrative Region (CAR) said it is on track on achieving its 2,000 annual housing units construction target to close the region’s 7,000-unit backlog. During the Kapihan sa Bagong Pilipinas press briefing here on Tuesday, DHSUD-CAR regional director Antonette Anaban said the target is attainable since the projects in the cities of Baguio and Tabuk, with around 4,000 housing units, will commence anytime now. She said the developer for the nine buildings for the Lumin-awa housing project in Tabuk City, Kalinga has broken ground. ‘The facility will be a

Manila: Local shares continued to be boosted by the Bangko Sentral ng Pilipinas’ (BSP) move to cut banks’ reserve requirement ratio (RRR), while the peso returned to the 56-to-a-dollar level. The Philippine Stock Exchange index (PSEi) gained 14.96 points to close at 7,432.21 while the broader All Shares also rose 5.48 points to 3,963.50. “Local shares rose on Tuesday, supported by the BSP’s reserve requirement cut and China’s new stimulus measures,” Regina Capital Development Corporation managing director Luis Limlingan said. Except for Holding Firms and Services, all sectors closed in the green, led by Property which went up by 0.95

KUALA LUMPUR, In today’s world, the public expects accountability from decision-makers, including government officials and political leaders, and transparency in decision-making, said Dewan Rakyat Speaker Tan Sri Johari Abdul. He said the public needs assurances that decisions will protect their rights and expects effective governance from leaders. He added that, as a result, parliamentarians must, as legislators, constantly strive to improve their skills and expertise to propose and implement policies that meet the needs of the people. ‘According to the Inter-Parliamentary Union’s report ‘Parliament and Democracy in the 21st Century,’ effective MPs in today’s world must, among other things, represent

BUKIT MERTAJAM, After Kuala Lumpur and Perak, the Malaysian Communications and Multimedia Commission (MCMC) Microsoft AI TEACH programme has made its way to Penang, empowering the local community through artificial intelligence (AI) capacity-building initiatives. In line with the goal of enhancing career opportunities for Penangites, particularly vulnerable groups, over 200 participants from diverse backgrounds, including persons with disabilities (PWD), took part in the two-day programme at Universiti Teknologi Mara (UiTM) Penang recently. Participants were introduced to the basics of AI, ethical considerations, and practical skills such as resume writing and portfolio development. A disabled participant, Azli Sharifudin, 48, who used

KUALA LUMPUR, The ringgit revisits the RM4.19 level against the US dollar today, with immediate support expected at RM4.07, driven by Malaysia’s lower-than-forecasted CPI increase of 1.9 per cent and a 50 basis point interest rate cut by the US Federal Reserve. At 8 am, the local note traded at 4.1995/2055 versus the greenback from Monday’s close of 4.2000/2060. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit should remain well supported today due to the latest CPI print released yesterday, which came in at 1.9 per cent, suggesting that the inflation rate has stabilised.