Category: General

MANILA – The United States government, through the US Agency for International Development (USAID), donated PHP11.6 million worth of mobile storage units and mobile energy systems to help strengthen Cagayan province’s disaster risk reduction capacity. The US Embassy in Manila on Thursday said the equipment was formally turned over between Sept. 9 to 10 to Cagayan Provincial Administrator Maria Rosario Mamba-Villaflor. The mobile storage unit can store up to 50,000 food packs and would be a huge boost to Cagayan’s capacity to deliver life-saving assistance in the immediate aftermath of disasters. ‘For many years, USAID has dispatched teams to Cagayan

MANILA – The gravity of the country’s situation in relation to its geographical location demands a responsible and sustainable approach to development, Senator Loren Legarda underscored in a statement on Thursday. This, after the Philippines topped the 2024 World Risk Index (WRI) for the third consecutive year, indicating high exposure and vulnerability to various crises. Legarda said development should be pursued with responsibility, accountability, and proficiency for good governance for the benefit of society and the economy. “Development should reduce rather than produce risks to our society and our economy,” she added. Legarda admitted that the Philippines faces significant challenges

KUALA LUMPUR, A financial fraud investigator told the High Court here today that his investigation revealed that 1Malaysia Development Berhad (1MDB) had paid only US$2.2 billion to Aabar Investments PJS Ltd, contrary to 1MDB’s claim of US$3.5 billion. However, United Kingdom based investigator Richard Templeman admitted that he did not raise the issue on the US$1 billion discrepancy to the plaintiff (1MDB) before the start of the trial nor mentioned it in his witness statement. Templeman said this while testifying as the plaintiff’s first witness in the US$6.59 billion civil lawsuit filed by 1MDB against its former president and chief

PARIT BUNTAR, The National Archives (ANM) is open to collaborating with film producers interested in adapting the 1972 Sungai Kerian ferry disaster into a feature film. ANM director-general Datuk Jaafar Sidek Abdul Rahman, however, said that any film based on the tragedy must accurately reflect the true story. ‘We are keen to collaborate, but it’s essential for filmmakers to consult authentic sources or materials before starting production. ‘There have been previous productions that misrepresented the events, and we want to ensure this does not happen again,’ he said after attending a session to retrace the Sungai Kerian ferry tragedy at

KUALA LUMPUR, The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contract on Bursa Malaysia Derivatives ended mostly lower today due to last-minute selling in the underlying cash market. Spot month September 2024 slipped 0.5 of-a-point to 1,630.5, October 2024 was 1.0 points easier to 1,635.0, December 2024 advanced 0.5 of-a-point to 1,639.5, while March 2025 reduced 2.0 points to 1,624.5. Turnover narrowed to 7,945 lots from 8,330 lots yesterday, while open interest inched up 54,227 contracts from 54,133 contracts previously. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) erased 1.49 points, or 0.09 per cent, to 1,638.31 from