General

Manila: Local shares declined amid the escalating tension between Iran and Israel while the peso closed weaker against the dollar on Monday. The Philippine Stock Exchange index (PSEi) fell 0.58 percent to 6,358.58, while All Shares also declined by 0.44 percent to 3,768.45. According to Philippines News Agency, “Philippine markets started the week in the red following the escalating conflict between Israel and Iran, which rattled investors over the weekend. Meanwhile, many will be focusing on a new batch of data and meetings that could dictate price action movement,” Regina Capital Development Corp. head of sales Luis Limlingan said. Limlingan

Manila: Results were mixed during Monday’s Treasury bills (T-bills) auction as the Auction Committee decided to fully award bids for the 182- and 364-day T-bills while partially awarding the 91-day securities. The 182- and 364-day T-bills fetched average rates of 5.523 percent and 5.657 percent, respectively. The 91-day T-bill, meanwhile, was capped at 5.490 percent. According to Philippines News Agency, Rizal Commercial Banking Corporation chief economist Michael Ricafort commented on the situation, stating, “The Treasury bill average auction yields were mostly marginally higher but essentially little changed after the latest Israel-Iran war that led to global crude oil prices to

Pasay City: The Commission on Filipinos Overseas (CFO) is urging both the government and the public to give long-term and permanent Filipino migrants the same recognition afforded to overseas Filipino workers (OFWs), as it celebrated its 45th founding anniversary on Monday in Pasay City. According to Philippines News Agency, CFO Chairperson Secretary Dante ‘Klink’ Ang II emphasized the significant yet often overlooked role of permanent migrants, including dual citizens, foreign-born children, and spouses of foreign nationals, who have settled abroad. He highlighted the need for equal appreciation and support for these migrants who contribute to national development in various ways.

Iloilo City: Two elementary schools in this city received new school buildings just in time for the start of classes on Monday. Mayor Jerry Tre±as shared that the city government expedited the completion of a four-story, 12-classroom building at Tabucan Elementary School in Mandurriao district and a two-story, 10-classroom building at Baluarte Elementary School in Molo district to ensure they were ready for the school opening. According to Philippines News Agency, both projects were funded through the Special Education Fund, which is derived from an additional one percent tax on real property. The construction of the building at Tabucan Elementary

Quezon City: Transportation Secretary Vince Dizon has announced the dismissal of two Land Transportation Office (LTO) Region 2 officials in Cagayan due to their alleged involvement in the assault of a minor and another individual at a karaoke lounge. The officials, Assistant Regional Director Manuel Baricaua and Chief Enforcer Charles Ursolum, were seen in a viral video kicking a 15-year-old male. Reports also suggest that a 20-year-old male companion of the minor was assaulted. According to Philippines News Agency, the incident occurred after a female singer at the lounge declined advances from the two LTO officials. In response, Dizon has