Day: August 4, 2025

Manila: Bargain-hunting lifted the Philippine Stock Exchange index (PSEi) Monday while the peso improved against the greenback. The main equities index gained 0.67 percent to 6,348.65 points, and the broader All Shares by 0.40 percent to 3,766.60 points. According to Philippines News Agency, the sectors posted mixed closing, with Property, Mining and Oil, and Financials rising by 2.80 percent, 2.31 percent, and 1.49 percent, respectively. On the other hand, Holding Firms fell 0.56 percent and was trailed by the Industrial, 0.37 percent, and Services, 0.07 percent. Volume reached 797.02 million shares amounting to PHP5.2 billion. Advancers led decliners at 100

Medellin: Fourteen road and building projects, worth almost PHP334 million, are currently being constructed in Medellin, Cebu province, the Department of Public Works and Highways (DPWH) said Monday. In his report to DPWH Secretary Manuel Bonoan, DPWH Regional Office VII Director Danilo Villa Jr. highlighted the undertakings in various areas of the municipality located in Northern Cebu, which are under the 2025 General Appropriations Act (GAA). According to Philippines News Agency, the projects are designed to bolster the local economy and align with President Ferdinand R. Marcos Jr.’s directive to deliver quality infrastructure development to remote areas of the country

Manila: The Department of Agriculture (DA) is advocating for an increase in rice import tariffs and a temporary halt to rice importation to safeguard local farmers and accommodate the upcoming harvest season. President Ferdinand R. Marcos Jr. will deliberate on this proposal with Cabinet officials, as confirmed by Agriculture Secretary Francisco Tiu Laurel Jr. during an interview. According to Philippines News Agency, the DA has identified an excess of local rice stocks and aims to clear these from warehouses to make way for the new harvest. Laurel emphasized the necessity of selling local rice to free up storage space for

Catarman: Lawmakers in Northern Samar have welcomed the decision of the Department of Foreign Affairs (DFA) to set up a consular office in Northern Samar. Northern Samar 1st District Rep. Niko Raul Daza announced in a social media post that President Ferdinand R. Marcos Jr. has approved the opening of a consular office in the province. According to Philippines News Agency, the consular office is expected to be operational by 2026, providing services such as passport application and renewal, authentication of documents, assistance to overseas Filipinos, and visa-related services. Rep. Daza credited his father, Rep. Paul Daza, a member of

Zamboanga: Newly ordained Bishop Glenn Corsiga, D.D., of the Diocese of Ipil, highlighted the need for collaboration among different religions and the government to achieve peace and reconciliation in conflict areas. According to Philippines News Agency, Corsiga, 60, recently ordained as the new bishop of Ipil, will be formally installed by the Apostolic Nuncio, His Excellency Archbishop Charles Brown, D.D., on August 14. In an interview, Corsiga expressed his readiness to address peace and reconciliation in conflict areas, emphasizing that he cannot do it alone. Corsiga noted the positive relationship between the Church and the government. “One thing I am