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Philex resolves labor strike
Philex Mining Corp. said yesterday it has resolved the labor dispute at its Padcal mine in Benguet, after union members and company officials reached a settlement agreement.
Balde-baldeng problema
BBM was perhaps just trying to be dramatic when he urged the people to secure water pails or balde to prepare for the long dry spell of a Super El Niño. But he unconsciously revealed the hopelessness of our situation whose blame should be shared by past presidents including his late father.
Stocks recover as investors scoop up bargains
Share prices recovered after two days of decline as investors scooped up stocks at lower prices, with foreign fund inflows lending support to the market.
Remittances rise 2% to $3.37 billion in August
Personal remittances from overseas Filipinos rose by two percent to $3.37 billion in August from $3.31 billion in the same period last year, sustaining growth despite global uncertainties, according to the Bangko Sentral ng Pilipinas.
Peso crosses 63 to $1 level
The peso breached the 63-to-a-dollar level yesterday, closing at a fresh record low as US inflation heated up, reinforcing expectations of prolonged high interest rates and boosting the dollar against emerging-market currencies. Data from the Bankers Association of the Philippines showed the peso closed at 63.06 to $1, weakening by 19 centavos from Wednesday’s 62.87 finish. It surpassed the previous record closing low of 62.90 set on Oct. 8.
Raul Daza, esteemed Northern Samar lawmaker, dies at 91
Former Speaker Pro Tempore Raul Aguila Daza, a longtime lawmaker and former governor of Northern Samar, died at 91, his family announced Thursday.
NBI chief dares Sara Duterte’s camp to file case over bias claims
MANILA, Philippines — National Bureau of Investigation (NBI) Director Melvin Matibag on Thursday challenged Vice President Sara Duterte to file a case against him if her camp believes he is acting improperly amid the bureau’s investigation into allegations involving her. Matibag was responding to a statement from the vice president’s camp describing him as “evidently
Hazardous haze seen in 8 Philippine areas – DENR
MANILA, Philippines — A hazardous haze was observed in eight areas in the country on Thursday, Oct. 15, the Department of Environment and Natural Resources-Environmental Management Bureau (DENR-EMB) said. In its 12 p.m. advisory, the agency said, “The observed haze is possibly associated with smoke and transboundary haze from ongoing fires in Kalimantan, Indonesia, which
‘Paldo ka na’: Recanter in Romualdez case allegedly got paid, court told
MANILA, Philippines — A purported bagman-turned-witness told the Sandiganbayan Third Division on Thursday that he ribbed one of the former members of so-called “Maleta boys” that he hit the jackpot when the latter told him that he allegedly got paid in exchange for recantation of his testimony. Rodante Orbillo made the revelation when he took
Batangas village chair shot dead inside home
LUCENA CITY – A 50-year-old barangay chairman was shot dead at his residence in Sto. Tomas, Batangas on Thursday morning. Police have not yet released an official report on the incident. However, local media reports identified the victim as Dennis Austria, incumbent chairman of Barangay Sta. Anastacia. According to the reports, Austria was inside his