Day: June 3, 2025

Manila: Transportation Secretary Vince Dizon on Tuesday pledged to reform the country’s road safety regulations, calling them major failures that contributed to the alarming number of road crashes in recent years. Speaking before the Commission on Appointments, Dizon admitted that road transport is the most challenging sector under the Department of Transportation (DOTr), citing widespread regulatory lapses in vehicle inspections and driver licensing. According to Philippines News Agency, Dizon highlighted recent fatal incidents, including the May 1 crash involving a Solid North bus at the Subic-Clark-Tarlac Expressway (SCTEX) that killed 12 people, including four children. He criticized the Land Transportation

Manila: Local shares went up for the second consecutive day due to market optimism ahead of Thursday’s inflation report, while the peso moved sideways. The Philippine Stock Exchange index (PSEi) closed at 6,412.86, higher by 0.95 percent, while All Shares also rose 0.74 percent to 3,770.95. According to Philippines News Agency, except for Financials which slightly declined by 0.06 percent, all sectors went up. “Philippine shares broke past the 6400 market once again driven by broad market optimism ahead of Thursday’s inflation report from last month,” Regina Capital Development Corp. head of sales Luis Limlingan, said. Winners and losers were

Manila: Incoming rookie Alohi Robins-Hardy, a 29-year-old Fil-Am setter from Hawaii, has been advised by the Premier Volleyball League (PVL) that she must adhere to the league’s draft regulations. Robins-Hardy recently declared her intention to play exclusively for Farm Fresh, but PVL president Ricky Palou, alongside control committee chairman Sherwin Malonzo, emphasized during the Philippine Sportswriting Association (PSA) forum at the Rizal Memorial Sports Complex that such a unilateral decision would not be permissible. According to Philippines News Agency, Palou stated that Robins-Hardy would face penalties from the PVL should she decline to play for the team that secures her

Manila: The Bureau of the Treasury (BTr) fully awarded the reissued Treasury bond during Tuesday’s auction. With a remaining term of five years and one month, the reissued T-bond fetched an average yield of 5.887 percent, which is lower than the prevailing five-year benchmark and the average rate when it was last reissued in April. According to Philippines News Agency, Rizal Commercial Banking Corporation chief economist Michael Ricafort noted that the T-bond’s yield eased ahead of the release of the May 2025 inflation data on June 5, which is anticipated to show a benign trend. “The 5-year T-bond auction yield

Manila: Senators adopted Senate Concurrent Resolution No. 21 on Tuesday, formally urging the establishment of a Cabinet Cluster for Education. This initiative aims to streamline and harmonize policies across the country’s education agencies in response to increasing concerns over learning outcomes and systemic inefficiencies. According to Philippines News Agency, the resolution, sponsored by Senator Sherwin Gatchalian, seeks to create a high-level inter-agency mechanism. This mechanism will ensure the cohesive implementation of education laws, reforms, and programs across various bodies, including the Department of Education, Commission on Higher Education, and the Technical Education and Skills Development Authority (TESDA). Gatchalian emphasized the