Day: October 3, 2024

MANILA: The local stock market ended the day lower due to last-minute profit-taking, while the peso weakened on Thursday. The Philippine Stock Exchange index (PSEi) declined by 13.89 points to 7,388.92. All Shares however rose by 11.80 points to 3,982.66. “The local market closed lower this Thursday by 0.19 percent to 7,388.92. The bourse was in the positive territory for the most part of the day but was dragged by last-minute profit taking,” Philstock Financials, Inc. research manager Japhet Tantiangco said. Sectors were mixed with the miners leading the gainers, adding 2.57 percent. The services were at the bottom, cutting

BUTUAN CITY: Police arrested a major drug suspect and seized PHP6.9 million worth of suspected shabu in an anti-drug operation here on Wednesday, authorities said. The suspect, identified only as “Emman,” 38, a high-value target, was arrested during a sting operation around 9:30 a.m. at the Sports Complex in Purok 2, Barangay Libertad. Officers recovered 1.2 kilograms of suspected shabu. “The arrest of Emman sends a clear message that illegal drug activities will not be tolerated in Butuan City,” Col. Rommel Villamor, city police director, said in a statement Thursday. The operation was launched by the Butuan City Police Office,

DAVAO CITY: With the successful launch of the “Bagong Bayaning Magsasaka (BBM) Rice” program last month, the National Irrigation Administration (NIA) 11 (Davao Region) will once again host the “PHP29 na Bigas sa Kadiwa ng Pangulo” at the Davao del Norte Irrigation Management Office in Carmen town on Oct. 4. In an interview Thursday, engineer Nelson Sahot, acting division manager of NIA-Davao del Norte, encouraged the public, especially vulnerable groups, to visit their office and take advantage of the discounted rice to be sold at the Kadiwa event. ‘We will have around 1,400 bags of BBM Rice available for senior

BATANGAS CITY: Former House of Representatives Deputy Speaker Vilma Santos-Recto is again eyeing to lead Batangas as governor, and formally filed her certificate of candidacy (COC) at the provincial Commission on Elections (Comelec) office in the capitol here on Thursday. Her sons Luis Philippe “Lucky” Manzano, who is her running mate, and Ryan Recto, who is seeking a congressional seat to represent Batangas” 6th District, joined her in filing COCs under the banner of “One Batangas”. In a press conference held after the filing of their COCs, Santos-Recto, who had served as the provincial governor from 2007-2016, declared her determination

ISTANBUL: Indonesia raised its alert level to Level III as of Thursday due to the eruption of Mount Merapi, the country’s most active volcano, which has already generated 21 significant lava flows. Located on the densely populated island of Java, the volcano”s increased activity presents a heightened risk to surrounding communities, as reported by the Jakarta Globe. “The lava fall may reach a maximum distance of 1,500 meters, (4,921 feet),” said Agus Budi Santoso, head of the Center for Research and Development of Geological Disaster Technology. “Seismic data has recorded 40 instances of cluster earthquakes,” he added. Authorities have advised

BACOLOD CITY: Negros Occidental Governor Eugenio Jose Lacson is eyeing a third and last term in the May 2025 midterm elections with a new running mate, 4th District Board Member Jose Benito Alonso, who is running for vice governor for the first time. Lacson and Alonso, backed by the Love Negros and United Negros Alliance coalition, filed their certificates of candidacy (COCs) in the presence of allies from various local government units, before the Commission on Elections at the Provincial Capitol Social Hall here Thursday afternoon. ‘I’m just very happy for their appearance, for their support to the next tandem,