Day: November 21, 2024

Benguet: Benguet Electric Cooperative (Beneco) has made significant strides in restoring electricity to the areas affected by Super Typhoon Pepito (international name Man-yi), with power reinstated to 99.54 percent of the 233,411 consumer connections. This was confirmed by Laarni Ilagan of Beneco’s Corporate Communications Office, who expressed optimism about restoring power to the remaining areas by this weekend. According to Philippines News Agency, despite the progress, some parts of northern Benguet, including Circuit 1, Circuit 2, and Circuit 4, as well as the Dalicno line in Itogon, still lack electricity. Specifically, the affected areas in Circuit 1 are Sagpat (Deckan)

Al-Jazira: At least 42 people died following an attack by the paramilitary Rapid Support Forces (RSF) on Wad Oshaib village in central Sudan’s Al-Jazira state, local sources said Wednesday. According to Philippines News Agency, the Al-Jazira Conference, a local activist group, issued a statement accusing the RSF of committing ‘violations and mass killings’ of civilians in the region. The group has not responded to the allegation. ‘RSF forces killed 42 people by gunfire Tuesday night and Wednesday morning, while 27 others died due to the siege and lack of medical care,’ the statement said. It noted that RSF personnel first

Manila: The administrative relief of National Capital Region Police Office (NCRPO) chief Maj. Gen. Sidney Hernia and Philippine National Police-Anti Cybercrime Group (PNP-ACG) chief Maj. Gen. Ronnie Francis Cariaga, in relation to the recent raid of an alleged scam hub in Manila, has been extended. PNP spokesperson Brig. Gen. Jean Fajardo announced in a press briefing at Camp Crame, Quezon City, that their relief will continue until November 22, five days after the initial 10-day order was supposed to end on November 17. According to Philippines News Agency, the only reason for their relief is due to their positions as

Manila: The local stock barometer closed in the red territory as profit-taking snapped its four-day win streak, while the peso slumped to a two-year low of 59 against the US dollar Thursday. The Philippine Stock Exchange index (PSEi) dropped by 1.61 percent to 6,863.01, while All Shares declined by 0.99 percent to 3,809.39. According to Philippines News Agency, Reginal Capital Development Corp. managing director Luis Limlingan stated, “Philippines shares finally succumbed to profit taking after successive sessions in the green.” He noted that local shares were sold on the news following reassurances from the Bangko Sentral ng Pilipinas (BSP). All

Manila: Finance Secretary Ralph Recto recently met with senior officials of JP Morgan to explore potential areas of collaboration and initiatives in the Philippine capital market. The meeting took place at the Department of Finance (DOF) head office in Manila on November 18, as shared in a social media post by the department. According to Philippines News Agency, the discussions focused on JP Morgan’s ongoing operations in the Philippines, potential partnership avenues, and progress in including Philippine government-issued securities in the JP Morgan Bond Index. The DOF emphasized that such inclusion would enhance foreign investor access to peso-denominated government bonds,