Day: October 24, 2024

The export of electronic products is expected to rebound in 2025, the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said on Thursday. SEIPI President Dan Lachica told reporters at the sidelines of the 13th Arangkada Philippines Forum in Pasay that SEIPI is projecting a 5-percent growth in electronics exports next year. This will be a turnaround from the projected 10-percent contraction in electronics exports this year. Last year, exports of electronic products amounted to USD41.91 billion. Lachica said inventory correction and new expansion will help boost exports growth next year. “Well, like I said before, the inventory

The local bourse continued to fall below the 7,300 level on Thursday’s trading, lacking any positive catalyst. The Philippine Stock Exchange index (PSEi) dropped 1.14 percent to 7,283.79, while All Shares shed 1.07 percent to 4,007.39 points. All sectoral indices closed in the negative territory, with biggest losses coming from the Financials counter, down by 1.77 percent; followed by Industrial, 1.71 percent; Mining and Oil, 1.25 percent; Property, 1.01 percent; Holding Firms, 0.67 percent; and Services, 0.58 percent. ‘Negative spillovers from Wall Street amid the rise in the US’ long term treasury yields also weighed on the local bourse,’ Philstock

Manila: Spillway gates of Ambuklao, Binga and San Roque dams have been opened as Severe Tropical Storm Kristine (international name: Trami) continues to dump rains across many areas. Based on the National Power Corporation’s (Napocor) data on Thursday, Ambuklao Dam’s gate no. 4 was opened at 0.5 m., with a spilling discharge of 59.13 cubic meters per second (cms). Binga Dam’s gates no. 3 and 4 were both opened at 0.5 m., with discharge of 139.05 cms. San Roque Dam’s gate 2A was also opened at 0.5 m., with discharge of 52.40 cms. Earlier, the NPC said the San Roque

Manila: Around 18,645,544 learners in 35,973 schools were affected nationwide due to the onslaught of Severe Tropical Storm Kristine (international name: Trami), according to the Department of Education (DepEd). In its latest situation report, the DepEd said the regions with the highest number of affected learners are Calabarzon with 3.18 million; Central Luzon, 2.478 million; Metro Manila, 2.1 million; Central Visayas, 1.82 million; Western Visayas, 1.80 million; and the Bicol region, with 1.5 million. At least 754,935 teaching and non-teaching personnel were also affected in these schools, which all suspended in-person classes at all levels. The DepEd also reported flooding

BAGUIO CITY – The Department of Social Welfare and Development (DSWD) – Cordillera said about 469 families, or 1,568 individuals, in the region have been affected by Severe Tropical Storm Kristine (international name: Trami). In its situational update No. 4 issued at 6 a.m. Thursday and submitted to the Cordillera Disaster Risk Reduction and Management Council (CDRRMC), the DSWD said of the total, 352 families have evacuated, with 225 families taking temporary shelter in 21 evacuation centers across the region, and 127 families opting to shelter with friends and relatives. It also reported damage to 31 houses. ‘DSWD is augmenting