General

Manila: The Department of Migrant Workers (DMW) reiterated its warning to private recruitment and manning agencies to strictly adhere to ethical recruitment standards or risk losing their licenses. According to Philippines News Agency, Migrant Workers Secretary Hans Leo Cacdac stated that the DMW stands firm on its ‘zero tolerance’ policy for unethical recruiters, as the government intensifies efforts to protect millions of overseas Filipino workers (OFWs) from abuse and exploitation. Cacdac emphasized that the protection and welfare of OFWs is the utmost priority. He affirmed the decision of the former Philippine Overseas Employment Administration (POEA) on resolved cases involving agencies

Cagayan de oro: The construction of a PHP7 million wastewater treatment facility has begun in one of the public markets in this city, with other similar projects expected to commence this year. In a livestreamed program on Friday, spokesperson Jann Guillmore Actub of the office of Mayor Rolando Uy said the wastewater treatment facility under construction at Carmen Public Market is only one of many facilities slated for completion under the current administration. “It will have a lasting impact for generations to come,” he said. According to Philippines News Agency, Actub said the construction is supported by the Environmental Management

Manila: Local shares slipped on Friday as investors booked profits, while the peso weakened. The Philippine Stock Exchange index (PSEi) fell 1.13 percent to 6,395.57, and All Shares also declined by 1.01 percent to 3,764.71. All sectors experienced a downturn, with Services and Property recording the most significant declines. According to Philippines News Agency, the situation arose as “Philippine shares were sold down as investors booked profits despite June inflation print coming in relatively stable at 1.4 percent,” explained Regina Capital Development Corp. head of sales Luis Limlingan. The market activity saw decliners leading advancers at 111 to 85. Meanwhile,

General santos city: The government is currently studying Republic Act (RA) 11524 or the Coconut Farmers and Industry Trust Fund Act to introduce possible amendments to the law, President Ferdinand R. Marcos Jr. said on Friday. Marcos made the pronouncement, as he visited the Century Pacific Agricultural Ventures Inc.’s coconut plant at the Millennium Industrial Economic Zone in General Santos City, Palace Press Officer Claire Castro told reporters. According to Philippines News Agency, the President laid out the government’s concrete solutions in support of the coconut industry during his visit. Castro highlighted that the government is analyzing potential amendments to

Manila: The Bangko Sentral ng Pilipinas (BSP) announced that inflation is anticipated to remain within the government’s 2 percent to 4 percent target range until 2027. This statement follows the recent report from the Philippine Statistics Authority, which revealed that last month’s headline inflation was at 1.4 percent. According to Philippines News Agency, the BSP stated that the June 2025 inflation outcome aligns with its forecast range of 1.1 to 1.9 percent. The central bank attributed this expectation to the ongoing decrease in rice prices, which is projected to keep inflation below the lower end of the target in 2025.