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Tariff Concerns Lead to Decline in Philippine Stocks and Currency

Manila: Investors’ concerns over the United States’ tariff policies have resulted in a decline in both the Philippine Stock Exchange index (PSEi) and the Philippine peso on Tuesday. According to Philippines News Agency, all indices in the local bourse ended in the red, with the main index down by 1 percent to 6,459.47 points, and the broader All Shares index decreased by 0.65 percent to 3,807.27 points. The Holding Firms sector led the declines among sectoral counters, dropping by 1.88 percent. It was followed by the Property sector, which fell by 1.71 percent; Mining and Oil, 0.97 percent; Services, 0.71

Strong Group-PH Secures Second Victory in Jones Cup

New taipei city: Strong Group-Philippines downed the Japan Developmental Team, 79-67, Monday night to secure its second win in the 44th William Jones Cup at the Xinzhuang Gymnasium in New Taipei City. The Filipinos led 39-33 at halftime but faced a challenge as Japan hit two consecutive triples to tie the game. According to Philippines News Agency, former NBA player Andre Roberson and DJ Fenner spearheaded a decisive 31-14 run, pushing Strong Group to a 70-53 lead with just over six minutes left in the game. Head coach Charles Tiu acknowledged the physical toll on his team from the previous

Office of Presidential Adviser on Military, Police Affairs Abolished

Manila: President Ferdinand R. Marcos Jr. has abolished the Office of the Presidential Adviser on Military and Police Affairs (OPAMPA) as part of a reorganization of the administrative structure of the Office of the President (OP). According to Philippines News Agency, the abolition is formalized under Executive Order (EO) 89, which Marcos signed on July 11. This move follows a reassessment of the separate office responsible for military and police affairs within the OP, aligning with the administration’s policy on streamlining and rightsizing. The executive order specifies that the duties and responsibilities of OPAMPA will now be undertaken by the

Jackfruit Processing Hub to Rise in Leyte

Abuyog: A jackfruit processing center will rise in Abuyog, Leyte, to add value to jackfruit, one of the champion commodities of the Eastern Visayas region. Jorge Alvero, Jr., chairperson of Abuyog Jackfruit and Tropical Fruits Producers, Inc., the group tasked to manage the project, on Tuesday said the facility will be completed by December 2025 or early January 2026. According to Philippines News Agency, the PHP6-million project funded by the Department of Agriculture (DA) will benefit jackfruit farmers in Abuyog and nearby towns. Key officials led the groundbreaking on July 10 at the New Pilar Community, Tinalian village in Abuyog.

DSWD Announces Free LRT-2 Rides for PWDs in Celebration of National Disability Rights Week

Manila: The Light Rail Transit Line 2 (LRT-2) will offer free rides to all persons with disabilities (PWD) from July 17 to 23 as part of this year’s National Disability Rights Week (NDRW), the Department of Social Welfare and Development (DSWD) announced on Tuesday. According to Philippines News Agency, DSWD spokesperson Assistant Secretary Irene Dumlao stated that the initiative is a result of collaboration between the Department of Transportation (DOTr), Light Rail Transit Authority (LRTA), and the National Council on Disability Affairs (NCDA), which is connected to the DSWD. Dumlao emphasized that the President’s directive is for the government to

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