Day: January 28, 2025

Manila: Philippine shares declined Tuesday as investors remained cautious ahead of the release of the fourth quarter Philippine economic growth data, while the peso closed flat. The Philippine Stock Exchange index (PSEi) fell by 0.70 percent to close at 6,153.47, while All Shares also declined by 0.45 percent to 3,623.52. According to Philippines News Agency, “The PSEi still closed in the 6100 area, marking a seven-month low as investors turned cautious ahead of the release of Philippine GDP (gross domestic product) data and the Federal Reserve’s policy decision,” said Regina Capital Development Corp. head of sales Luis Limlingan. Most of

Negros Occidental: Vehicular accidents in Negros Occidental decreased by 25 percent in 2024, police records on Tuesday showed. According to Philippines News Agency, the Negros Occidental Police Provincial Office reported that only 906 incidents were recorded last year compared to 1,216 incidents in 2023. “This can be attributed to the intensified enforcement of traffic laws and ordinances as well as information operation on road safety,” Col. Rainerio De Chavez, police provincial director, said in a statement. Data further showed that vehicular incidents resulting in physical injuries decreased by 29 percent, from 517 in 2023 to only 366 in 2024. Meanwhile,

Antique: The Antique provincial government will enter into an agreement with the developer of a socialized housing project under the Pambansang Pabahay Para sa Pilipino (4PH) program. Antique Housing Board Secretary Eby Archangel Butiong said in an interview Tuesday that the Provincial Board gave Governor Rhodora Cadiao the authority to enter into a memorandum of agreement with Ethan Property Developer. According to Philippines News Agency, the developer is proposing to build 1,248 units of socialized housing or condominium units in Barangay San Pedro, San Jose de Buenavista town. ‘The Antique provincial board, during its regular session Monday, had approved the

Manila: The House of Representatives: The House of Representatives on Tuesday approved on third and final reading a measure seeking to establish a new charter for the Development Bank of the Philippines (DBP) to strengthen its role as the country’s premier financial institution for national development. According to Philippines News Agency, with 199 affirmative votes, three negative votes and zero abstentions, the Chamber passed House Bill (HB) 11230, which aims to empower the DBP to provide development financing and financial services to strategic sectors, including infrastructure, micro, small and medium enterprises (MSMEs), education, healthcare, housing, environmental protection, and other social

Cadiz City: The highlights of the 2025 Dinagsa Festival of Cadiz City in Negros Occidental drew some 500,000 revelers, while businesses generated an estimated PHP1 billion in revenues after its conclusion Sunday night, Mayor Salvador Escalante Jr. said on Tuesday. According to Philippines News Agency, the annual festival, the city’s version of Ati-Atihan, has become a major tourist attraction in northern Negros. It is named after the Hiligaynon word ‘dinagsa’ which means flocked, referring to the historic landing of 12 sperm whales on its shores on May 7, 1967. In an interview, Escalante mentioned that the festival has evolved into