The lobby of the Philippine Stock Exchange in Taguig City, Sept. 30, 2020. — REUTERSSTOCKS continued to decline on Tuesday as investors pocketed their gains from last week’s rally and following weak Philippine manufacturing activity data.The Philippine Stock Exchange index (PSEi) dropped by 0.62% or

BW FILE PHOTOTHE PESO dropped further on Tuesday as the dollar was broadly stronger amid rising US yields.The local unit closed at P58.795 per dollar on Tuesday, weakening by 14.5 centavos from its P58.65 finish on Monday, Bankers Association of the Philippines data showed.The peso

BRP SIERRA MADRE, a marooned transport ship which Philippine Marines live in as a military outpost, sits on the disputed Second Thomas Shoal, part of the Spratly Islands in the South China Sea. — REUTERSTHE PHILIPPINES and China have resumed talks to ease tensions in

REUTERSTHE HOUSE of Representatives labor committee would still hold hearings on proposed legislated wage hikes despite a regional wage board order increasing the salaries of workers in Metro Manila.The House body would seek to balance the interests of workers and employers by arriving at a

THE PHILIPPINES on Tuesday condemned North Korea’s ballistic missile test launch on Monday, urging it to keep the peace in the Indo-Pacific region and pursue dialogue in the Korean Peninsula.In a statement, the Department of Foreign Affairs (DFA) said the missile launch undermines peace, stability

PHILIPPINE STAR/EDD GUMBANTHE PHILIPPINES and China have agreed to boost cooperation against transnational crimes including those linked to offshore gaming operations, the Presidential Anti-Organized Crime Commission (PAOCC) said on Tuesday.In a statement, the agency said Executive Secretary Lucas P. Bersamin, who heads the PAOCC, met

DEPEDPRESIDENT Ferdinand R. Marcos, Jr. said that the proposed 2025 budget submitted to the Cabinet on Tuesday is broadly aligned with the administration’s development priorities.In a statement issued by the Presidential Communications Office (PCO), the Palace said the record P6.352-trillion spending plan also complies with

MIZIANITKA FROM PIXABAYBy Justine Irish D. Tabile, ReporterPHARMACEUTICAL companies are pinning their hopes on an expansion in government drug procurement under universal healthcare, the Philippine Pharmaceutical Manufacturers Association (PPMA) said.PPMA President Higinio P. Porte, Jr. told reporters late Monday that Philippine manufacturers command only a

THE Anti-Red Tape Authority (ARTA) said it is proposing “green lanes” for registering Tatak Pinoy projects as well as the streamlining of the application process for medical and financial assistance at government hospitals.ARTA Director General Ernesto V. Perez said the green lanes will be implemented

Vehicles and motorcycles are stuck in traffic along EDSA in this file photo. — PHILIPPINE STAR/WALTER BOLLOZOSBy Beatriz Marie D. Cruz, ReporterA MEASURE raising the motor vehicle user’s tax is expected to pass before the end of the 19th Congress, the chairman of the House

PHILSTARTHE Department of Agriculture (DA) said it is considering prolonging the freeze on onion imports to shield domestic producers from price declines just as they are achieving production gains.“Pag pumasok ’yung imported na mas mura (When cheap imports come in), it will drive down the

Workers load sacks of flour in a delivery truck in Manila, July 11, 2022. — PHILIPPINE STAR/ MIGUEL DE GUZMANTHE national average price of well-milled rice was P56.35 per kilogram as of mid-June, according to the Philippine Statistics Authority (PSA).The PSA said prices edged lower