Category: General

Manila: Philippine shares further recovered following a series of losing streaks since the United States polls, while the peso closed stronger against the greenback on Monday. The Philippine Stock Exchange index (PSEi) rose by 1.27 percent to 6,761.35, while All Shares went up by 0.71 percent to 3,799.70. According to Philippines News Agency, Philippine shares continued to rebound after the sell-off last week as investors prepare for a fresh round of economic data. Regina Capital managing director Luis Limlingan noted that on the local front, Goldman Sachs released its most recent market outlook for 2025, placing the Philippines at an

Manila: The United States has pledged USD1 million in humanitarian funding to the Philippines following a series of devastating typhoons that have recently impacted the country. This announcement was made by US Defense Secretary Lloyd James Austin III during a courtesy call to President Ferdinand R. Marcos Jr. at Malacañang. According to Philippines News Agency, Austin expressed condolences on behalf of the US to the victims of the six typhoons that struck the Philippines in rapid succession. He reaffirmed the US’s commitment to assist its long-standing ally, the Philippines, in these challenging times. Austin stated, “I have authorized US troops

DUMAGUETE CITY: A total of 48,056 individuals in Negros Oriental benefited this year from the Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced Workers (TUPAD) program of the Department of Labor and Employment (DOLE). According to Philippines News Agency, Raizza Phoebe Rubia, DOLE-Negros Oriental information officer, stated that as of November 18, more than PHP272 million have been released in payouts. DOLE-Negros Oriental has also allocated an additional PHP55.9 million for TUPAD beneficiaries in the fourth quarter of 2024. Rubia mentioned that the exact number of beneficiaries for the additional allocation cannot be confirmed yet, as the identification of TUPAD workers depends on

MANILA: The Philippine Coast Guard (PCG) has announced that there are no longer any stranded passengers in ports across the country following the aftermath of Super Typhoon Pepito, known internationally as Man-yi. The maritime safety advisory released by the PCG as of Monday noon confirmed that all passengers, vessels, rolling cargoes, and motor bancas have resumed normal operations. According to Philippines News Agency, the number of stranded individuals reached a peak on Sunday, with a total of 3,541 passengers, 1,484 rolling cargoes, 15 vessels, and 17 motor bancas affected in regions such as Bicol, Eastern Visayas, Southern Tagalog, Central Visayas,

Baku: The Philippines, through the Department of Finance (DOF), is spearheading efforts to secure increased climate finance for vulnerable nations at the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 29) in Baku, Azerbaijan. According to Philippines News Agency, the DOF has proposed an initial target of USD1.3 trillion annually from developed countries to support adaptation, mitigation, and address loss and damage in developing nations. This initiative is part of ongoing negotiations for the New Collective Quantified Goal (NCQG), a post-2025 global finance commitment to meet the evolving climate needs of these countries.