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Day: October 2, 2025

DMW’s PHP20-Million AKSYON Fund Assists Nearly 400 Overseas Filipino Workers

Mandaluyong city: The Department of Migrant Workers (DMW) is intensifying its support for overseas Filipino workers (OFWs) with a significant utilization of its Agarang Kalinga at Saklolo para sa mga OFWs na Nangangailangan (AKSYON) Fund. As of October 1, the department reported a 70-percent utilization rate of the fund, which aims to aid victims of trafficking and illegal recruitment. According to Philippines News Agency, Migrant Workers Secretary Hans Leo Cacdac announced on Wednesday that approximately PHP20 million has been disbursed in financial aid to 399 OFWs. This assistance was part of a broader effort to improve legal, medical, and financial

Storm Surge Warning Issued in Ilocos Norte Due to Tropical Storm Paolo

Ilocos norte: Residents in low-lying coastal communities in Ilocos Norte were warned Thursday against storm surges or life-threatening coastal floods that may be caused by Tropical Storm Paolo. According to Philippines News Agency, the state weather bureau’s 5 p.m. bulletin indicated a “moderate to high risk of life-threatening storm surge with peak heights reaching 1.0 to 3.0 m within 36 hours over the low-lying or exposed coastal localities” in Ilocos Norte and nearby provinces. In response to the warning, the provincial government has urged residents to remain vigilant, avoid beaches, and cancel all marine activities. “Let us remain alert and

Comelec Ready to Assist in Crafting New Bangsamoro Autonomy Act

Manila: The Commission on Elections (Comelec) has expressed its readiness to assist in the crafting of a new Bangsamoro Autonomy Act (BAA) if requested by the Bangsamoro Parliament. Comelec Chairperson George Garcia announced their willingness to provide support, particularly in the allocation of districts within the region. According to Philippines News Agency, Garcia emphasized the importance of consulting with Comelec on districting matters, while making it clear that the Bangsamoro Parliament retains full discretion over such decisions. “We will highly appreciate, and we convey this publicly, that we hope that the Commission on Elections (Comelec) will be consulted on their

Financial Resources Remain Sound in Negros Island Region – BSP

Bacolod city: The increase in the number of banks and the continued growth in loans and deposits indicate that financial resources remain sound in Negros Island Region (NIR), the country’s newest administrative region. According to Philippines News Agency, the development was part of the summary of the region’s economic prospects presented by Regional Economic Affairs Staff acting head Roxan Mujeres during the 2025 Media Information Session conducted by the Bangko Sentral Pilipinas-Visayas Regional Office (BSP-VRO) at the Negros Women for Tomorrow Foundation Building here on Thursday. “This, as reflected by an increased number of banks, number of automated teller machines,

PSEi Rises Again as Peso Holds Steady Against Dollar

Manila: Bargain-hunting buoyed the Philippine Stock Exchange index (PSEi) for the second consecutive session Thursday, while the peso continued to maintain its position against the US dollar. The main index rose 0.23 percent to 6,039.76 points, and the All Shares increased by 0.13 percent to 3,659.29 points. According to Philippines News Agency, most of the sector counters also experienced gains during the day, led by the Mining and Oil sector, which surged by 2.20 percent. This was followed by Holding Firms with a 1.26 percent rise, Financials at 0.44 percent, Industrial at 0.12 percent, and Services at 0.02 percent. However,

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