Day: October 9, 2025

Manila: Special Assistant to the President for Investment and Economic Affairs (SAPIEA) Secretary Frederick Go on Thursday dismissed as fake news reports that PHP1.7 trillion in market value was wiped out from the Philippine Stock Exchange due to corruption scandals, as claimed by Securities and Exchange Commission (SEC) chairperson Francis Lim. ‘Unfortunately, the Securities and Exchange Commission chairman was quoting off a confirmed fake news socmed (social media) post designed to catch attention and falsely sensationalize the attributed source,’ he said in a press briefing at the Palace. According to Philippines News Agency, Go emphasized that the information cited by

Cebu: Key transmission services in the Visayas grid are now back to normal conditions after the magnitude 6.9 earthquake that jolted northern Cebu and several areas on Sept. 30. The National Grid Corporation of the Philippines (NGCP) has successfully completed major restoration works, ensuring the stability of the power supply in the affected regions. According to Philippines News Agency, the Compostela-Daanbantayan 230kV Line 1 was reenergized at around 2:18 a.m. on Oct. 7 and is now operating alongside the already restored Line 2. The Daanbantayan-Tabango 230kV Line 2, which includes the submarine cable linking Cebu and Leyte, was reenergized on

Manila: The municipal government here will soon open its own dialysis center that will provide free hemodialysis services to residents. Mayor Patrick Caramat during a press briefing on Wednesday said the new center will be the town’s first dialysis facility, housing 12 hemodialysis machines capable of treating three patients each day per machine. “This is free for the residents of Calasiao,” he said. According to Philippines News Agency, Caramat, who also marked his first 100 days in office on Wednesday, cited plans to open the dialysis center in December. However, recent weather-related flooding has delayed the opening until early next

Manila: The Philippine Health Insurance Corporation (PhilHealth) on Thursday called on Filipinos to take advantage of its benefit packages for common eye conditions. This is in line with the observance of the World Sight Day, ensuring its commitment to universal eye health under the Bagong Pilipinas (New Philippines) campaign. According to Philippines News Agency, to support Filipinos with vision problems, PhilHealth continues to provide financial coverage for major eye-related procedures and services. These include cataract surgery for children up to PHP187,100, cataract surgery for adults up to PHP80,900, glaucoma treatment up to PHP12,675 with a second case rate applicable, diabetic

Cebu: When the magnitude 6.9 earthquake devastated Northern Cebu on Sept. 30, an invisible geological hazard violently surfaced: sinkholes that began to appear in Bogo City, San Remigio, and nearby towns, leaving residents alarmed and geologists on high alert. Immediately, the Department of Environment and Natural Resources’ Mines and Geosciences Bureau (DENR-MGB) rushed to the area, highlighting a critical reality. According to Philippines News Agency, based on the available Mines and Geosciences Bureau geologic maps, at least 60 percent of Cebu Island is underlain by highly soluble limestones, forming a unique karst topography. Common landforms in such topography include caves,