Category: General

Manila: The Bangko Sentral ng Pilipinas (BSP) on Friday reduced the total volume offering of the BSP bills (BSPB) to PHP160 billion from PHP190 billion in the previous week. In a statement, Deputy Governor Francisco Dakila Jr. said the allocation mix was lowered to PHP60 billion from PHP70 billion for the 28-day tenor and PHP100 billion from PHP120 billion for the 56-day tenor. The weighted average interest rates fell by 3.31 basis points to 6.3136 percent for the 28-day tenor. The average interest rate for the 56-day tenor meanwhile, also fell by 3.70 basis points to 6.3255 percent. Dakila said

Legazpi: At least 18 aspirants of various elective positions in the Bicol region have filed a withdrawal of their certificates of candidacy (COCs), the regional office of the Commission on Elections (Comelec) said Friday. Comelec 5 (Bicol Region) Director Maria Juana Valeza said in an interview on Friday that the withdrawal of COCs equates to a withdrawal of candidacy from the position they are running for. “The filing of the Statement of Withdrawal must be done personally. However, it can also be done with special power of attorney provided that they have a verified medical certificate that the aspirant cannot

Istanbul: Taiwan researchers claimed to have developed the world’s smallest quantum computer, marking the first use of a single photon to execute quantum algorithms. The team of researchers led by Prof. Chuu Chih-sung at Taiwan’s National Tsing Hua University (NTHU) has demonstrated the box-sized computer’s ability, Focus Taiwan reported on Thursday. Chuu explained that his team’s small quantum computer encodes information into “32 time-bins or dimensions” within the wave packet of a single high-dimensional photon, a fundamental particle in electromagnetic interactions. Photons not only maintain stable quantum states at room temperature, reducing energy costs compared to quantum computers requiring cooling,

Manila: Yukien Andrada drilled five triples in San Beda University’s 57-53 victory over University of Perpetual Help System Dalta, 57-53, in the National Collegiate Athletic Association (NCAA) Season 100 men’s basketball at FilOil EcoOil Centre in San Juan City on Friday. Andrada finished with 21 points, three rebounds, one assist and one steal for the defending champion Red Lions, who also prevailed, 63-62, in their first-round encounter. Bismarck Lina contributed nine points, six rebounds and two assists, while Jomel Puno had eight points, five rebounds, two assists and two steals for San Beda which improved to 8-4 for solo third.

Manila: Education Secretary Sonny Angara on Friday thanked President Ferdinand R. Marcos Jr. for signing the Academic Recovery and Accessible Learning (ARAL) law, the free national learning intervention program aimed at uplifting the quality of education in the country. “This law demonstrates our collective resolve to uplift the state of education in the Philippines. With ARAL, we can help students regain their momentum and achieve the learning milestones they deserve,’ Angara said in a statement. The ARAL program would provide a free and effective national intervention mechanism for students struggling in their lessons, especially in reading, mathematics, and science, to