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Peso plummets to 16-year low as BSP stays dovish
2022-06-23
MANILA, Philippines — The Philippine peso on Wednesday fell to levels not seen in 16 years, as the Bangko Sentral ng Pilipinas maintains its dovish stance in the face of a more aggressive US Federal Reserve.
The local currency finished trading at P54.47 against the greenback, weaker than its previous closing of P54.265. Data showed this is the peso’s worst performance since closing at...
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Peso plummets to 16-year low as BSP stays dovish
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DOH reports over 39,000 dengue cases from January to June
2022-06-23
Metro Manila (CNN Philippines, June 22) --- The country has so far tallied 39,705 dengue cases from January 1 to June 4 this year, the Department of Health reported on Wednesday.
“Accumulatively, this is 31% higher compared to the reported cases during the same time period in 2021,” said Health Spokesperson Ma. Rosario Vergeire in a virtual briefing.
Vergerie noted that 14 ou...
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DOH reports over 39,000 dengue cases from January to June
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Rates Divergence Leads to Ever Bigger Stress in EM Asia’s Bonds
2022-06-23
Bonds in Southeast Asia are at risk of a selloff as the Federal Reserve’s hawkish posture pushes central banks in the region to hike rates aggressively.
Benchmark rates in the region are close to record lows, and policy makers will be forced to act due to the double whammy from US rate hikes and surging domestic price pressures. Investor skepticism on the patient policy stance adopted b...
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Rates Divergence Leads to Ever Bigger Stress in EM Asia’s Bonds
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Luzon Grid placed under yellow alert anew
2022-06-22
The National Grid Corporation of the Philippines (NGCP) on Wednesday placed the Luzon grid under yellow alert, following the forced outage of several plants across the country.
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In an advisory, the NGCP said the Luzon Grid will be on yellow alert from 10 a.m. to 11 a.m. and from 12 noon to 4 p.m. on Wednesday, indicating that the grid has thin reserves based on the d...
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Luzon Grid placed under yellow alert anew
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DOH readies booster shot guidelines for ages 12 to 17
2022-06-22
MANILA, Philippnes — The Department of Health (DOH) is readying the guidelines to start giving COVID-19 booster shots to teenagers aged 12 to 17.
Health Secretary Francisco Duque III has approved the recommendation of the Health Technology Assessment Council (HTAC), an independent advisory body, to give teens aged 12 to 17 another vaccine dose after the usual two-dose primary series, to...
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DOH readies booster shot guidelines for ages 12 to 17
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Incoming chief economist: PH agriculture already in crisis
2022-06-22
Metro Manila (CNN Philippines, June 21) — The agriculture sector is already in crisis, the countrys incoming socioeconomic planning secretary and National Economic and Development Authority (NEDA) chief said Tuesday.
Food crisis have risen already. As you know, the avian flu, this problem has been with us that has led to crippling price increases of meat. Rice prices have also been a pr...
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Incoming chief economist: PH agriculture already in crisis
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Metro Manila’s COVID-19 positivity rate breaches WHO benchmark
2022-06-22
MANILA, Philippines — The COVID-19 positivity rate in the National Capital Region (NCR) has already reached five percent, surpassing the World Health Organization’s (WHO) benchmark, independent analytics group Octa Research said on Wednesday.
The WHO earlier recommended a five-percent threshold for COVID-19 positivity rate.
“NCR positivity is 5.5% as of yesterday,” Octa R...
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Metro Manila’s COVID-19 positivity rate breaches WHO benchmark
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Oil companies announce third straight week of price hike
2022-06-20
Metro Manila (CNN Philippines, June 20) — Oil companies announce another round of hike in fuel prices for the third straight week.
In separate advisories, Seaoil and Cleanfuel said their pump prices will increase per liter by ₱0.80 for gasoline and ₱3.10 for diesel effective June 21.
Seaoil will implement the price hike at 6:00 a.m. while Cleanfuel will impose the increase ...
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Oil companies announce third straight week of price hike
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Geologist warns vs activating BNPP
2022-06-20
MANILA, Philippines — A Filipino American geologist disputed the claims of the country’s nuclear science chief that the Bataan Nuclear Power Plant (BNPP) was safe and secure for rehabilitation, citing the “potentially active” volcano in the area of the plant.
Kelvin Rodolfo, professor emeritus of environmental science at the University of Illinois at Chicago, said at a webinar of ...
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Geologist warns vs activating BNPP
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Teachers group: Educators largely disappointed with DepEds Briones
2022-06-20
MANILA, Philippines — Many of the countrys teachers are "disappointed" with the performance of Education Secretary Leonor Briones over the past few years, a group representing teachers said Monday.
Speaking in an interview aired over ANCs "Headstart," Alliance of Concerned Teachers secretary-general Raymond Basilio said that the group has been calling for Salary Gra...
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Teachers group: Educators largely disappointed with DepEds Briones
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Regenerative agriculture to take center stage in Terra Madre 2022
2022-06-20
The 14th edition of the Terra Madre Salone del Gusto, one of the largest food fairs in the world, returns in a hybrid format in Turin, Italy from September 22-26, 2022. Sustainable agriculture, food politics, and issues on the environment converge in Terra Madre through a series of conferences and exhibits with regenerative agriculture as the central theme.
Terra Madre is organized by the...
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Regenerative agriculture to take center stage in Terra Madre 2022
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DOH: Metro Manila remains in low risk status, no change in COVID-19 alert level
2022-06-17
Metro Manila (CNN Philippines, June 16) — Metro Manila remains under low COVID-19 risk classification, the Department of Health insisted on Thursday, refuting OCTA Researchs remark that the capital region has escalated to moderate risk.
DOH said that for an area to be classified under moderate risk, there should be a positive two-week growth rate and the average daily attack rate (ADAR)...
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DOH: Metro Manila remains in low risk status, no change in COVID-19 alert level
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Creating clarity with truth, NTF-ELCAC sacred duty: spox
2022-06-17
MANILA – The National Task Force to End Local Communist Armed Conflict (NTF-ELCAC) creates clarity with the truth even as legal communist fronts continue to create confusion with their lies, NTF ELCAC spokesperson Lorraine Marie Badoy said.
Badoy, reiterating that the term red-tagging does not exist, said on Friday members and allies of the Communist Party of the Philippines-New Peoples...
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Creating clarity with truth, NTF-ELCAC sacred duty: spox
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Alert Level 2 in NCR unlikely
2022-06-17
A POSSIBLE escalation to Alert Level 2 in the National Capital Region (NCR) is unlikely even if cases have slowly increased, according to the Department of Health (DoH), clarifying an earlier statement it made on Monday.
The Inter-Agency Task Force for the Management of Infectious Diseases (IATF) has also ruled to keep the Alert Level 1 status in Metro Manila for the remainder of June, Ma...
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Alert Level 2 in NCR unlikely
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Metro Manila to stay under Alert Level 1 until end June
2022-06-16
MANILA, Philippines — Metro Manila will remain under the laxest quarantine classification until the end of June despite an uptick in COVID-19 cases that the Department of Health says has barely impacted hospital and intensive care utilization rates.
COVID-19 infections are steadily increasing, with private think tank OCTA Research flagging the rise of the reproduction rate in the capita...
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Metro Manila to stay under Alert Level 1 until end June
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Traffic council urges jeepney drivers to stay on road as public service
2022-06-16
MANILA, Philippines — The Inter-Agency Council on Traffic on Thursday urged jeepney drivers and operators halting their operations amid rising oil prices to avoid driving at a loss to reconsider this plan and provide public service to commuters.
Speaking over the Laging Handa briefing, I-ACT chief Charlie del Rosario said that the LTFRB is trying to balance the economy with the needs o...
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Traffic council urges jeepney drivers to stay on road as public service
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China testing PH resolve to keep Ayungin Shoal
2022-06-14
MANILA, Philippines — The latest reported incidents in Ayungin (Second Thomas) Shoal in the West Philippine Sea illustrate China’s capacity to control the area despite its being occupied by the Philippines through the decrepit Philippine Navy ship BRP Sierra Madre, according to a maritime expert.
“[The challenge is] sustaining our presence there and making sure China knows that we a...
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China testing PH resolve to keep Ayungin Shoal
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DOH: No cause yet to raise alert level in Metro Manila, but stricter restrictions possible
2022-06-14
Metro Manila (CNN Philippines, June 13) — A health official said on Monday there is no basis yet for Metro Manila to be placed under the stricter Alert Level 2 despite the majority of cities recording increases in COVID-19 cases.
Health Undersecretary Maria Rosario Vergeire said that although 14 out of the 17 cities and municipality in the National Capital Region saw more COVID-19 cases...
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DOH: No cause yet to raise alert level in Metro Manila, but stricter restrictions possible
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Tracking global rout, PSEi slides below 6,500-level
2022-06-14
MANILA, Philippines — Local shares ended the first trading day of the week on a sour note after sinking below the 6,500-level, joining a global rout triggered by fears of a more aggressive tightening by the US Federal Reserve amid red-hot inflation stateside.
It was another ugly trading day after the Philippine Stock Exchange index shed 0.96% to close at 6,467.01 on Monday. The broader ...
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Tracking global rout, PSEi slides below 6,500-level
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Metro Manila Subway project lowers first tunnel boring machine
2022-06-13
MANILA, Philippines — As the Duterte administration comes to a close, the long-delayed tunneling works for the Metro Manila Subway project are finally set to start after the first Tunnel Boring Machine was lowered and positioned at the subways depot in Valenzuela City.
The Metro Manila Subway, which would be countrys first-ever underground railway system, is a 33-kilometer underground r...
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Metro Manila Subway project lowers first tunnel boring machine
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Another big-time oil price hike set from June 14
2022-06-13
MANILA, Philippines — Another round of big-time increases in fuel prices will take place starting Tuesday, oil companies announced.
Shell, Cleanfuel, SeaOil, and Caltex will jack up the prices of their gasoline by P2.15 per liter and diesel by P4.30 per liter, as the cost of kerosene will also inflate by 4.85 per liter from June 14.
Caltex and Cleanfuel will impose the price mo...
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Another big-time oil price hike set from June 14
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Jobless rate falls to pandemic-low in April
2022-06-10
MANILA, Philippines (Updated, 11:41 a.m.) — The proportion of unemployed Filipinos in April eased to its lowest level since the pandemic began, thanks to temporary job opportunities related to pre-election activities and the harvest season.
Results of a survey of 43,500 households nationwide showed there were 2.76 million Filipinos who were either unemployed or out of business in April,...
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Jobless rate falls to pandemic-low in April
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Commuter group not opposed to P1 fare hike but calls for long-term solution to oil woes
2022-06-10
MANILA, Philippines — A day after the Land Transportation and Franchising Regulatory Board approved a P1 provisional increase on the minimum fare of public utility jeepneys, commuter network The Passenger Forum announced they will not oppose the decision.
This comes after the LTFRB approved the P1 increase it initially denied in March after oil companies implemented another round of big...
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Commuter group not opposed to P1 fare hike but calls for long-term solution to oil woes
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DOH posts 252 new infections; COVID-19 active cases now at 2,529
2022-06-10
MANILA, Philippines — The Department of Health (DOH) on Thursday recorded 252 new infections of COVID-19, as shown in its COVID-19 tracker, with active cases now at 2,529.
This is the one of the highest numbers the DOH has recorded in weeks, significantly higher than the average number of daily infections recorded from May 30 to June 5 at 185 infections (of a total of 1,295), as well as...
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DOH posts 252 new infections; COVID-19 active cases now at 2,529
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Worlds largest solar farm to rise in PH
2022-06-09
MANILA, Philippines — Tycoon Enrique Razon Jr. wants to put up the world’s largest solar power facility in the Philippines with a capacity of 2,500 to 3,500 megawatts, along with a massive battery energy storage system.
Razon’s infrastructure arm Prime Infrastructure Holdings Inc. said in a statement on Wednesday that it would boost the country’s supply of renewable energy, which ...
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Worlds largest solar farm to rise in PH
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Metro Manila’s COVID-19 reproduction number slightly up — Octa
2022-06-07
MANILA, Philippines — Independent pandemic monitor Octa Research on Tuesday marked a slight increase in the reproduction number (R0) of COVID-19 cases in Metro Manila, but said the capital region remained under the “low risk” classification.
Octa research fellow Guido David said the current reproduction number in the National Capital Region has increased to 1.24 as of May 31 to June...
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Metro Manila’s COVID-19 reproduction number slightly up — Octa
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DTI: Price increases in goods not related to recent wage hikes
2022-06-07
MANILA, Philippines — The Department of Trade and Industry (DTI) clarified Tuesday that the price increases in basic goods and prime commodities, especially food products, are not linked to the recent wage hikes in several regions.
This year, fourteen regional wage boards released orders raising the minimum wage by P30 to P110 for both agricultural and non-agricultural workers.
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DTI: Price increases in goods not related to recent wage hikes
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US Deputy Secretary of State to visit PH
2022-06-06
MANILA – US Deputy Secretary of State Wendy Sherman is set to visit the Philippines to discuss bilateral relations with both incoming and outgoing Philippine government officials.
In a statement released on June 3, the Office of the Spokesperson of the US Department of State said Sherman would meet with President-elect Ferdinand Bongbong Marcos Jr. and other senior government officials ...
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US Deputy Secretary of State to visit PH
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Big-time oil price hike to take effect on June 7
2022-06-06
MANILA, Philippines — Motorists should brace for a looming big-time oil price increase on Friday, June 7, 2022.
In separate advisories on Monday, Shell, Cleanfuel, Caltex, and SeaOil said that they will increase the pump price of gasoline by P2.70 per liter and diesel by P6.55 per liter.
The said firms will likewise jack up their kerosene price by P5.45 per liter, except Cleanf...
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Big-time oil price hike to take effect on June 7
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Gov’t expert urges adoption of small nuclear reactors
2022-06-06
MANILA, Philippines — As the incoming administration of President-elect Ferdinand Marcos Jr. considers the inclusion of nuclear power in the country’s energy mix, the government’s nuclear science chief is pushing for the adoption of small modular reactors (SMRs) instead of refurbishing the mothballed Bataan Nuclear Power Plant (BNPP).
SMRs are a fraction of the size of conventional ...
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Gov’t expert urges adoption of small nuclear reactors
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DFA opens more passport appointment slots nationwide
2022-06-06
More appointment slots for processing of passports have been added to all consular offices and temporary off-site passport service (TOPS) around the country, the Department of Foreign Affairs (DFA) said.
Foreign Affairs Undersecretary Brigido Dulay said DFA Secretary Teodoro Locsin Jr. ordered the additional slots for passport processes in a bid to ease the passport backlog.
“[...
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DFA opens more passport appointment slots nationwide
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The when and how of retirement planning
2022-06-06
Financial planning involves a systematic approach to fulfill various life goals. While these goals may vary from one individual to another, retirement is one goal that is common for everyone. In India, where around 62.5% of the working population is ...
However, retirement planning is one element of financial planning that is often overlooked or put off until too late. This delay could be...
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The when and how of retirement planning
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PH rises to 33rd spot in Nikkei Asias COVID-19 recovery ranking
2022-06-06
Metro Manila (CNN Philippines, June 6) — The Philippines ranking in Nikkei Asias COVID-19 Recovery Index significantly improved in May, signaling that the country is moving closer to recovery.
The Philippines was ranked 33rd among 121 nations. It is among the two Asian nations that logged the best performances in terms of infection management, vaccine rollouts, and social mobility.
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PH rises to 33rd spot in Nikkei Asias COVID-19 recovery ranking
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US supports PHs protest over Chinas fishing ban in WPS
2022-06-03
Metro Manila (CNN Philippines, June 3) — The United States backed the Philippines in criticizing a unilateral seasonal fishing ban declared by China in parts of the West Philippine Sea.
The PRCs unilateral fishing moratorium in the South China Sea is inconsistent with the 2016 Arbitral Tribunal ruling and international law as reflected in #UNCLOS, US State Department spokesperson Ned Pr...
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US supports PHs protest over Chinas fishing ban in WPS
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Nuclear plant wont solve energy crisis in power hungry Philippines: AGHAM
2022-06-03
A scientist group has debunked President-elect Ferdinand Marcos Jrs claim that the moth-balled Bataan Nuclear Power Plant (BNPP) would solve the Philippines energy crisis.
In a statement on Tuesday (May 31), AGHAM-Advocates of Science and Technology said that the current energy crisis is a result of privatization and deregulation of the countrys energy facilities, which led to increased e...
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Nuclear plant wont solve energy crisis in power hungry Philippines: AGHAM
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Meralco uncertainty as rumors of DoE Secretary pick circulate
2022-06-03
Meralco [MER 362.00] [link] was recently drawn back into a zone of uncertainty after rumors circulated that President-elect Marcos was considering Rodante Marcoleta, the House deputy speaker, for a cabinet position as Secretary of the Department of Energy (DoE).
Mr. Marcoleta was elected as a party-lister, and he remains a congressman today after a failed bid to run for election to the Se...
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Meralco uncertainty as rumors of DoE Secretary pick circulate
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Price Of Commercial Gas Cylinder Reduced
2022-06-03
New Delhi: In some relief for commercial LPG users, the State-owned oil marketing companies have cut price of commercial LPG cylinders by Rs.135.
The companies had hiked price of 19 kg commercial LPG cylinders by a total of Rs.152.50 on two different dates in May last, when the price of every commercial LPG cylinder stood at Rs.2,355.50. But bucking the hiking trend, the oil marketing com...
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Price Of Commercial Gas Cylinder Reduced
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Philippines seen to grow by 6.8% this year
2022-06-03
MANILA, Philippines — New York-based GlobalSource Partners now expects the Philippines to book faster economic growth this year after emerging strongly from the pandemic-induced recession.
In a research note titled “Here Comes the Son,” GlobalSource country analysts Romeo Bernardo and Christine Tang said the think tank now expects the Philippines to register a gross domestic product...
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Philippines seen to grow by 6.8% this year
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Rice farmers in region to receive financial assistance from DA
2022-06-02
MANDAUE CITY, Philippines — Rice farmers in the region will receive financial assistance from the Department of Agriculture in Central Visayas (DA-7) next month.
DA-7 OIC Director Joel Elumba said about 93,000 farmers in the region will be receiving the cash assistance.
The majority of the beneficiaries are from Bohol province with 71,000 farmers, followed by Negros with 23,000...
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Rice farmers in region to receive financial assistance from DA
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China says it conducted readiness patrol around Taiwan
2022-06-02
BEIJING, China – The Chinese military said on Wednesday, June 1, it had conducted a combat “readiness patrol” in the seas and airspace around Taiwan in recent days, saying it was a necessary action to respond to “collusion” between Washington and Taipei.
China, which claims democratically governed Taiwan as its own territory, has stepped up its military maneuvers around the isla...
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China says it conducted readiness patrol around Taiwan
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Bank lending up 10.1%, money supply at P15.3 T in April
2022-06-02
Big banks’ outstanding loans grew by 10.1 percent year-on-year in April, a faster rate of growth compared to 8.9 percent in March as borrowers are more confident in taking out credit from financial institutions.
The Bangko Sentral ng Pilipinas (BSP) said on Tuesday, May 31, that the 44 universal and commercial banks, net of reverse repurchase (RRP) placements with the BSP, reported tota...
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Bank lending up 10.1%, money supply at P15.3 T in April
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China ships forcing PH to drop Ayungin
2022-05-31
MANILA, Philippines — Chinese coast guard and militia vessels harassed Philippine ships in back-to-back incidents in Ayungin (Second Thomas) Shoal in the West Philippine Sea in April, according to a US think tank.
The two incidents in the Philippine-occupied atoll, which took place several hours apart, were tracked by the Washington-based Asia Maritime Transparency Initiative (AMTI) of ...
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China ships forcing PH to drop Ayungin
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No China pact inked in Pacific talks
2022-05-31
SUVA, Fiji: Talks between Chinese Foreign Minister Wang Yi and officials from 10 Pacific Island nations failed to reach an agreement on a wide-ranging security deal on Monday after sharp warnings the proposed pact would push the region into Beijings orbit.
A virtual summit of leaders and foreign ministers was expected to discuss proposals to radically increase Chinas involvement in the se...
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No China pact inked in Pacific talks
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Philippine nuclear program faces brighter prospects
2022-05-30
MANILA, Philippines — Despite opposition, the countrys nuclear power program faces brighter prospects under the new administration as president-elect Ferdinand Marcos Jr. openly supports the inclusion of nuclear power in the energy mix.
The adoption of nuclear power, as well as revisiting the mothballed 620-megawatt (MW) Bataan Nuclear Power Plant (BNPP), was a campaign promise of Marco...
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Philippine nuclear program faces brighter prospects
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PRRD willing to be next admins drug czar
2022-05-30
MANILA – President Rodrigo Duterte is willing to give his successor, president-elect Ferdinand Bongbong Marcos Jr, pieces of advice, Malacañang said Friday.
This, after Marcos broached the idea of appointing Duterte as head of his administrations anti-narcotics campaign.
Duterte is ready to help the incoming administration, in case Marcos asks for his guidance, acting presiden...
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PRRD willing to be next admins drug czar
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Almost 2 million COVID-19 vaccine doses expiring by end of June – DOH
2022-05-27
MANILA, Philippines — Nearly two million COVID-19 vaccine doses are set to expire by the end of June, a health official said, adding that the Department of Health (DOH) has already sought out replacements.
“We are expecting, kung hindi ma-jab, about one, almost two million kung hindi magamit by end of June,” DOH Undersecretary Myrna Cabotaje said during Friday’s Laging Handa brief...
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Almost 2 million COVID-19 vaccine doses expiring by end of June – DOH
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Wildlife, forest crime analytic toolkit launched in Philippines
2022-05-25
MANILA, Philippines — The United Nations Office of Drugs and Crime (UNODC) has started an initiative that will analyze the countrys criminal justice mechanisms and preventive responses for addressing wildlife flora and fauna trafficking.
The environment team of the UNODC, with support from the US Embassys Office of International Narcotics and Law Enforcement Affairs (INL), formally lau...
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Wildlife, forest crime analytic toolkit launched in Philippines
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House Committee sees glaring red flags on Megaworld tax issue
2022-05-25
Metro Manila (CNN Philippines, May 24) — House ways and means committee chair Albay Rep. Joey Salceda points out glaring red flags on the tax controversy involving property giant Megaworld.
In a statement on Tuesday, the lawmaker flagged probable misfeasance and malfeasance constituting betrayal of public trust, abuse of authority and unjustified assault on the private sector and invasi...
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House Committee sees glaring red flags on Megaworld tax issue
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PH stocks index slips anew; peso maintains sideways close
2022-05-25
MANILA – Risk-off sentiments again resulted in the negative close of the Philippines main stocks gauge but the peso again finished the day sideways against the US dollar.
The Philippine Stock Exchange index (PSEi) dropped by 1.65 percent, or 110.4 points, to 6,577.45 points.
All Shares followed with a decline of 1.14 percent, or 40.81 points, to 3,550.40 points.
Most o...
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PH stocks index slips anew; peso maintains sideways close
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PH Covid-19 cases daily average for May 16-22 up by 9%
2022-05-24
MANILA – The countrys daily average of Covid-19 cases went up to 173 from May 16 to 22, or 9.9 percent higher than the previous week, the Department of Health (DOH) reported Monday.
Cases averaged 160 per day from May 9 to 15.
The latest case bulletin of the DOH show that there are 1,214 new Covid-19 cases and six verified deaths in the recent week.
For the same period...
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PH Covid-19 cases daily average for May 16-22 up by 9%
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