Day: July 23, 2025

Manila: Reports about the 1 percent cut in the tariff to be imposed by the United States on Philippine exports, following the meeting of US and Philippine officials, lifted both the Philippine Stock Exchange index (PSEi) and the peso on Wednesday. According to Philippines News Agency, the local bourse’s main gauge rose 1.68 percent to 6,462.25 points, and All Shares by 1.33 percent to 3,807.35 points. All the sectoral indices also went up during the day, led by Services, which surged 5.84 percent. It was followed by Mining and Oil, 2.08 percent; Holding Firms, 1.34 percent; Financials, 0.48 percent; Industrial,

Manila: The remains of overseas Filipino worker (OFW) Leah Mosquera, who succumbed to injuries sustained during an Iranian missile attack in Rehovot, Israel, arrived home on Wednesday: In a Facebook post, Department of Migrant Workers (DMW) Secretary Hans Leo Cacdac announced the return of Mosquera’s body. According to Philippines News Agency, Mosquera was one of the casualties when a missile struck a residential building in Rehovot, south of Tel Aviv, on June 15, following back-and-forth attacks between Israel and Iran. She was given emergency treatment but remained in critical condition at the intensive care unit of Shamir Medical Center until

Manila: The City of Manila has been placed under a state of calamity due to widespread flooding caused by weather disturbances. In a social media post on Wednesday, Mayor Francisco ‘Isko Moreno’ Domagoso reported receiving the approved resolution of the City Council putting Manila under a state of calamity. According to Philippines News Agency, on Tuesday, Domagoso wrote the City Council, requesting it to hold an emergency session to tackle his recommendation to declare a state of calamity to accelerate the allocation of funds and assistance to affected residents. Earlier, the city government reported that it has rescued about 800

Manila: The Department of Agriculture (DA) on Wednesday assured the public that the prices of agricultural products are expected to remain stable, despite the combined effects of Severe Tropical Storm Crising (international name Wipha) and southwest monsoon or habagat. ‘We are not seeing any significant price surges for now, even for vegetables,’ DA spokesperson and Assistant Secretary Arnel de Mesa said in Filipino during a virtual press briefing. According to Philippines News Agency, De Mesa mentioned that while rice production has sustained some damage, most of the affected palay (unhusked rice) is still in its early planting or vegetative stage.

Manila: The combined effects of southwest monsoon and Tropical Cyclones Crising, Dante, and Emong have resulted in nearly PHP4 billion worth of damage to public infrastructure across five regions, according to the Department of Public Works and Highways (DPWH). According to Philippines News Agency, during a press briefing in Malaca±ang, Secretary Manuel Bonoan shared that the latest report from the DPWH Bureau of Maintenance estimates the partial cost of the damage at PHP3.75 billion as of July 23. This figure is still under field validation. The majority of the damage, amounting to PHP3.25 billion, involved flood control structures, followed by