Day: June 18, 2025

Manila: The country’s automotive industry recorded a 1.7-percent growth in sales in the first five months of the year. A joint report released by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that industry sales reached 190,429 units in January to May this year from 187,191 units in the same period last year. According to Philippines News Agency, growth was driven by higher sales in the commercial vehicle (CV) segment. CAMPI and TMA data showed that CV sales recorded a double-digit growth of 10 percent to 151,704 units from 137,944 units

Manila: Local shares fell on Wednesday amid the continued conflict between Israel and Iran and ahead of the Bangko Sentral ng Pilipinas’ (BSP) monetary policy meeting, while the peso also closed weaker than the dollar. According to Philippines News Agency, the Philippine Stock Exchange index (PSEi) fell 0.50 percent to 6,337.43, while All Shares also declined by 0.29 percent to 3,772.79. Regina Capital Development Corp. head of sales Luis Limlingan noted that Philippine stocks fell as the Israel-Iran conflict entered its fifth day, coupled with a more significant than expected drop in retail sales, raising concerns about consumer spending. While

Cagayan: Fisherfolk turned over 15 more plastic packs containing shabu they found floating off the coast of Cagayan, the Philippine Drug Enforcement Agency (PDEA) said on Wednesday. The PDEA reported that the 15 kilograms of shabu worth PHP102 million were discovered between Babuyan Island and Gonzaga, while a 400-gram floating shabu package valued at PHP2.7 million was found off the Camiguin Island and Cape Enga±o waters in Barangay San Vicente, Sta. Ana, all in Cagayan province. According to Philippines News Agency, the fishermen immediately surrendered the shabu to the Philippine Drug Enforcement Agency Regional Office 2 (PDEA RO 2) and

Manila: The House of Representatives on Wednesday called on Vice President Sara Duterte to respect Congress’s constitutional role in the national budget process. This reminder came in response to Duterte’s remarks that the Office of the Vice President (OVP) chose not to request a higher budget for 2026, anticipating rejection by the lower chamber and wishing to avoid any embarrassment for her staff. According to Philippines News Agency, House spokesperson Princess Abante acknowledged the Vice President’s recognition of Congress’s role, stating, “it’s good that Vice President Duterte recognizes the role of the House of Representatives in the budget process. She

Manila: The Commission on Elections (Comelec) Second Division has cancelled the registration of the Duterte Youth party-list group for failing to meet the requirements of publication and public hearing. “The Commission Second Division canceled the registration of Duterte Youth by a vote of 2-1,” Comelec Chairperson George Garcia said in an interview on Wednesday. According to Philippines News Agency, the ruling stemmed from a 2019 case filed by four youth leaders challenging Duterte Youth’s registration for failing to comply with publication and hearing processes, which are required under the 1987 Constitution and the Party-list System Act. The 25-page decision, promulgated