Day: April 3, 2025

Manila: Local shares fell following US President Donald Trump’s tariff announcement, while the peso closed stronger against the US dollar on Thursday. The Philippine Stock Exchange index (PSEi) declined by 1.63 percent to 6,145.73, while All Shares likewise fell by 1.10 percent to 3,664.41. According to Philippines News Agency, the local market was brought down by 1.63 percent to 6,145.73 as investors dealt with the US’ latest tariff announcements, including a 17 percent tariff against the Philippines. Philstocks Financial research manager Japhet Tantiangco noted that sentiment towards the global economy was dampened by the expected negative consequences of the US’

Davao City: With temperatures soaring and the city’s heat index reaching up to 39 degrees Celsius this week, the Davao City Disaster Risk Reduction and Management Office (CDRRMO) has urged residents to take precautions against heat-related illnesses. In a public advisory issued Thursday, the CDRRMO warned the extreme heat could lead to heat cramps, heat exhaustion, and even heat stroke if proper precautions are not taken. According to Philippines News Agency, the City Health Office (CHO) also advised the public to stay hydrated, wear protective clothing, and limit sun exposure, particularly during peak hours. CHO head Dr. Tomas Miguel Ababon

Manila: Filipino veterans will enjoy free rides on the Metro Rail Transit Line 3 (MRT-3) and Light Rail Transit Line 2 (LRT-2) from Saturday (April 5) until Friday next week (April 11). According to Philippines News Agency, MRT-3 General Manager Michael Capati announced that the initiative is part of the celebration for the 83rd Day of Valor and the Philippine Veterans’ Week. The MRT-3 management recognizes the sacrifices and contributions of veterans during World War II, as emphasized by Capati. He stated that, similar to previous years, this gesture is a way to honor and thank the veterans during the

Manila: The Philippine National Police (PNP) on Thursday announced the deployment of 40,151 police officers nationwide as part of its ‘Oplan Ligtas SumVac 2025’ initiative. This campaign aims to ensure public safety during the Holy Week observances and secure the influx of travelers during the summer vacation period. According to Philippines News Agency, PNP Chief Gen. Rommel Francisco Marbil has assured the public that the police force is fully prepared to maintain peace and order throughout the summer season. Marbil emphasized the importance of public cooperation in reporting suspicious activities to help make the summer safe and enjoyable for everyone.

Manila: Finance Secretary Ralph Recto stated that the Philippine economy remains resilient amid global trade shifts. In a recent announcement, Recto emphasized the government’s strategy to utilize the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act to attract more investors to the Philippines. According to Philippines News Agency, Recto’s remarks follow United States President Donald Trump’s announcement of an increased tariff on goods entering the US. The new tariffs include a 17 percent levy on Philippine exports, while Vietnam, Thailand, Indonesia, Malaysia, and Cambodia face even higher tariffs ranging from 24