Category: General

Manila: The Bureau of the Treasury (BTr) fully awarded bids for Treasury bills (T-bills) at slightly elevated rates during Monday’s auction. The 91-day, 182-day, and 364-day T-bills recorded average rates of 5.647 percent, 5.882 percent, and 5.905 percent, respectively. According to Philippines News Agency, these rates represent a slight increase from last week’s rates of 5.631 percent for the 91-day, 5.862 percent for the 182-day, and 5.871 percent for the 364-day T-bills. Rizal Commercial Banking Corporation chief economist Michael Ricafort noted that the T-bill auction yields rose for the eighth consecutive week. The increase is attributed to a potential rise

Manila: Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian on Monday underscored the importance and urgency of the fight to end Violence Against Women (VAW). Gatchalian made this remark as the agency joined the government’s 18-day campaign to end VAW on the 20th anniversary of the signing of Republic Act 9262 or the Anti-Violence Against Women and their Children Act of 2004 with the theme ‘VAW Bigyang Wakas, Ngayon na ang Oras (End VAW, Now is the Time!)’. According to Philippines News Agency, the DSWD, as the lead of the Inter-Agency Council on Violence Against Women and their

Manila: The local stock market saw a positive turnaround following the MSCI rebalancing, with the Philippine Stock Exchange index (PSEi) experiencing a notable rise. Meanwhile, the peso faced a downturn, closing weaker on Monday. According to Philippines News Agency, the PSEi climbed by 1.03 percent, reaching 6,850, while the broader All Shares index increased by 0.62 percent to 3,811.74. All sectoral indices concluded the day in positive territory, led by the Services sector, which rose by 2.06 percent. The market witnessed a close competition between advancers and decliners, with 94 stocks gaining and 91 declining, while 64 remained unchanged. Luis

MANILA: The House Committee on Good Government and Public Accountability has extended the detention period of the Office of the Vice President (OVP) chief of staff and undersecretary, Zuleika Lopez, to 10 days from the original five. This action was taken due to her alleged “evasive” behavior in an ongoing investigation. According to Philippines News Agency, the committee’s decision followed a motion by ACT Teachers Party-list Representative France Castro during the resumption of its probe into allegations against Vice President Sara Duterte regarding the misuse of PHP612.5 million in confidential funds. Lopez, who was initially cited in contempt on November

TACLOBAN CITY: The Department of Science and Technology (DOST) will build a Forest Product Innovation and Training Center (FPITC) in Baybay City, Leyte to advance sustainable forestry in Eastern Visayas. DOST Regional Director John Glenn Ocaña said in a phone interview Monday the PHP3.6-million center will rise inside the Visayas State University (VSU) campus in Baybay City. According to Philippines News Agency, the center will focus on research, training, and innovation, to address the growing demand for eco-friendly solutions, including in industries such as coconut and bamboo. Establishing FPITCs is part of a nationwide initiative, with similar centers established at