Category: General

MANILA – The Philippine Stock Exchange index (PSEi) continued to recover, while the peso also closed stronger than the dollar on the first trading day of the week. The PSEi closed 0.40 percent higher to 7,343.24 while All Shares also climbed 0.47 percent to 4,036.20. All Sectors closed in the positive territory, led by Mining and Oil which went up by 0.90 percent. “Philippine shares made another recover after falling in the red intraday as more earnings continue to trickle in, while investors get ready for another trading week ahead,” Regina Capital Development Corp. head of sales Luis Limlingan said

MANILA – Tourists stranded in Batanes due to Severe Tropical Storm Kristine (international name Trami) are now down to 103 from 140 after 37 passengers were accommodated in two flights on Sunday. In a report on Monday, the Department of Tourism (DOT) said the remaining 103 stranded individuals are all in Basco and are expected to fly out of the island as soon as airline seats become available. ‘All other stranded tourists from previously reported areas all over the country were able to travel onwards to their respective destinations,’ the DOT said. Regular transportation and travel schedules are expected to

MANILA – Senator Imee Marcos reiterated on Monday her call to create a National Resiliency and Disaster Management Authority (NRDMA), which will focus on ‘preparing, giving warnings, responding to and helping communities after calamities.’ In a news release, Marcos highlighted the need for a centralized authority to address vulnerabilities and improve coordination, particularly in frequently affected areas like the Bicol region. ‘Bicol faces the Pacific, has an active volcano, and is subject to numerous accompanying threats. Why hasn’t a synchronized national response been established?’ Marcos said. ‘If we have a centralized authority for disaster management, we would be able to

Manila: Defending champion University of Santo Tomas repeated over Far Eastern University, 70-54, to secure the second semifinal berth in the University Athletic Association of the Philippines (UAAP) Season 87 women’s basketball at Mall of Asia Arena in Pasay City on Sunday. Ana Mae Tacatac scored all her 12 points from the three-point line to lead UST to a 9-1 record behind first semifinalist National University (9-0). The Growling Tigresses also beat the Lady Tamaraws in the first round, 66-57. Kent Pastrana contributed 11 points, 13 rebounds, three assists and one steal; while Amby Ambos had 10 points and 10

Manila: President Ferdinand R. Marcos Jr. has released a total of PHP130 million to local government units in the Bicol Region that were heavily affected by the recent onslaught of Severe Tropical Storm Kristine (international name: Trami). According to the Presidential Communications Office, Marcos released PHP50 million to acting Albay Governor Glenda Ong-Bongao and PHP30 million to Naga City Mayor Nelson Legacion from the Office of the President. Another PHP50 million was extended to Camarines Sur. Although Kristine exited the Philippine Area of Responsibility on Friday, President Marcos said the distribution of assistance will continue and that systems are already