Day: November 4, 2024

MANILA: The local stock barometer declined while the peso remained at the 58 to a dollar level on Monday. The Philippine Stock Exchange index (PSEi) shed 6.86 points to 7,136.10, while All Shares also went down by 5.55 points to 3,951.66. “Philippine shares traded as the market focus intensifies on key U.S. events, with investors keeping a close watch on the November 5 elections and the Federal Reserve’s policy meeting,” Regina Capital Development Corporation managing director Luis Limlingan said. Limlingan noted that any indications from the Fed regarding future rate adjustments could shape market sentiment. According to Philippines News Agency,

Riyadh: The Department of Foreign Affairs (DFA) clarified the circumstances surrounding the execution of an overseas Filipino worker (OFW) in Saudi Arabia, stating that the individual acted in self-defense during a fatal altercation. According to Philippines News Agency, DFA Undersecretary for Migration Eduardo Jose de Vega addressed the sensitive nature of the incident after engaging with the OFW’s family. De Vega acknowledged that his previous statements did not fully capture the gravity of the situation, highlighting that the altercation stemmed from a business dispute between the OFW and a Saudi national, which escalated into a serious confrontation. The execution was

Manila: Two foreigners wanted by Chinese authorities for involvement in economic crimes are awaiting deportation, the Bureau of Immigration (BI) said Monday. Commissioner Joel Anthony Viado, in a news release, stated that the fugitives, Chinese national Su Yan, 47, and Hong Kong national Hui Chi Lam, 55, were arrested on October 31 at their condominium residence along Masangkay Street, Tondo, Manila. According to Philippines News Agency, the arresting officers from the BI’s fugitive search unit (FSU) were equipped with a mission order issued by Commissioner Viado at the request of the Chinese government, which called for the bureau’s assistance in

Manila: The Department of Agriculture (DA) announced on Monday that the recent spike in vegetable prices is anticipated to normalize within two weeks as the high-value crops sector begins its recovery. This development comes in the wake of Severe Tropical Storm Kristine, which has caused significant damage to agriculture. According to Philippines News Agency, the DA-Disaster Risk Reduction and Management (DRRM) Operations Center has logged approximately PHP847.48 million worth of damage to high-value crops, impacting 7,190 hectares of land. The storm’s effects have led to a decline in vegetable supply from key agricultural regions such as the Nueva Vizcaya Agricultural

PUERTO PRINCESA CITY: Philippine Canoe Kayak Dragon Boat Federation (PCKDBF) president Leonora Escollante on Monday praised the Filipino paddlers for their brilliant showing in the just-concluded ICF Dragon Boat World Championships, bagging 11 gold, 20 silver, and eight bronze medals. However, she believes they can further excel in overseas competitions. According to Philippines News Agency, Escollante expressed her pride in the team’s performance but emphasized the potential for further development. “While I am proud of what we achieved at the worlds, I believe that there is still some room for improvement. Something is still missing. So, that is what we