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Day: October 30, 2025

US Tech Giants Report Revenue Growth for July-September Period

Manila: US tech giants, including Microsoft, Meta, and Alphabet, have reported their revenues for the July-September period, with increases across the board for the corporations. According to Philippines News Agency, Microsoft’s revenue rose 18 percent, year on year, to USD77.7 billion in July-September. Its net profit increased 12 percent over the same period to USD22.7 billion, and its earnings per share climbed from USD3.3 to USD3.72. Meta, the owner of Facebook, Instagram, and WhatsApp, saw its revenue surge 26 percent on an annual basis to USD51.2 billion in the third quarter. However, its net profit declined 83 percent to USD2.7

Clark Revives Community Festival to Boost Culture, Tourism

Manila: The Clark Development Corporation (CDC) is reviving the historic Happening on the Green (HOG), a two-day lifestyle and community festival that aims to celebrate Clark’s cultural heritage while promoting family-oriented tourism and local enterprise. According to Philippines News Agency, CDC Tourism Promotions Division manager Elenita Lorenzo revealed in a Bagong Pilipinas Ngayon interview that the festival, scheduled for November 8 to 9 at the Clark Parade Grounds, will spotlight the vibrant community life that was a hallmark of Clark during the American period. Lorenzo explained that the festival, initially inspired by an American festivity at the former U.S. air

Gov’t Tightens Safeguards for Filipino Seasonal Workers in South Korea

Manila: The Department of Migrant Workers (DMW) is strengthening its measures to ensure the rights and welfare of overseas Filipino workers (OFWs), particularly the seasonal workers in South Korea. In a news release on Thursday, the DMW said Migrant Workers Secretary Hans Leo Cacdac checked and listened to Filipino farm workers from Pura, Tarlac, during an inspection and welfare mission to Geochang on Oct. 29. According to Philippines News Agency, the visit aimed to monitor the Filipino workers’ living and working conditions, address their concerns, and coordinate with Korean authorities in line with President Ferdinand R. Marcos Jr.’s directive to

PSEi and Peso Weaken Ahead of Upcoming Economic Reports

Manila: Both the Philippine peso and the Philippine Stock Exchange index ended Thursday weaker ahead of some economic reports. According to Philippines News Agency, the local currency finished the day at 58.85 against the U.S. dollar, down from 58.69 on Wednesday. It had opened stronger at 58.73 compared to 59.15 the previous day and traded between 58.98 and 58.58, resulting in an average of 58.77 for the day. Trading volume increased to USD2.22 billion from the previous session’s USD2 billion. Meanwhile, the local bourse’s main index fell by 0.57 percent to 5,929.68 points, with the All Shares index declining by

2 ‘High-Value’ Drug Suspects Nabbed in Central Luzon Operations

Manila: Police arrested two high-value drug suspects and seized suspected shabu, with an estimated street value of PHP958,800, in separate operations in Nueva Ecija and Pampanga on Thursday. According to Philippines News Agency, in Nueva Ecija, a buy-bust operation in Talavera at 12:10 a.m. led to the arrest of a suspect known by the alias Yeng, aged 44. Authorities confiscated from him 13 sachets of suspected shabu, weighing about 80 grams with an estimated street value of PHP544,000. In a separate operation in Pampanga, Porac police arrested another high-value target, alias Joey, 32, along with two accomplices, identified as Doms,