PHILIPPINE STOCKS surged on Tuesday on sustained bargain hunting and data showing manufacturing activity in the country improved last month.The benchmark Philippine Stock Exchange index (PSEi) rose by 204.57 points or 3.53% to close at 5,987.72 on Tuesday, while the broader all shares gained 96.35 points or 3.09% to end at 3,210.48.“The local bourse extended its gains amid continued bargain ...

PRESS Secretary Trixie Cruz-Angeles — PHILIPPINE STAR/ KRIZ JOHN ROSALESTWO APPOINTEES of Philippine President Ferdinand R. Marcos, Jr. have resigned after lawmakers bypassed their nomination last week, according to the presidential palace.Press Secretary Trixie Cruz-Angeles resigned for health reasons, Senior Deputy Executive Secretary Hubert Guevarra told reporters on Tuesday.Commission on Audit (COA) Chairman Jose C. Calida, ex-President Rodrigo R. Duterte’s ...

PHOTO BY MIKE GONZALEZTHE PHILIPPINE Supreme Court on Tuesday ordered a former anti-communist spokesperson of government to explain why she should not be cited in contempt for allegedly threatening a Manila trial court judge on Facebook.The tribunal gave ex-spokesperson Lorraine Marie T. Badoy 30 days to explain her threats against Judge Marlo A. Magdoza-Malagar, who had ruled that the Communist ...

A CONGRESSMAN on Tuesday urged employers to support work-from-home setups under the law, saying it allows workers to spend more time with family without affecting productivity. “With the release of the expanded rules for the telecommuting law, we hope that more employers will implement flexible working arrangement for their workers,” Rizal Rep. Juan Fidel Felipe F. Nograles said in a statement. ...

SSS FACEBOOK PAGEFINANCE Secretary Benjamin E. Diokno said the Social Security System (SSS) needs to improve returns from its investment portfolio to better reflect the strength of the domestic economy, and urged the pension fund to put its money in infrastructure.“There is still much work to be done. With the rapid expansion of our domestic economy and improved business outlook, ...

THE National Grid Corp. of the Philippines (NGCP) has been urged to raise the level of standby power available to it in order to ensure continuous power should any of the generating plants supplying the grid experience outages.The standby power is known as ancillary services, which the NGCP must enter into contracts for so they can be tapped when needed.“The ...

PHILIPPINE STAR/ MICHAEL VARCAS THE Department of Budget and Management (DBM) said it released P1.04 billion to the Department of Health (DoH) to cover allowances for government and private-sector health workers who worked during the pandemic.The Special Allotment Release Order (SARO) was approved on Monday for the special risk allowance (SRA) of eligible frontliners who were involved in the pandemic ...

THE Department of Trade and Industry (DTI) said that the number of entities doing business as online sellers has risen to 2 million, far larger than the department’s projections.“As of our estimate for 2022, we are at 2 million e-commerce participants. We had a roadmap in 2021 with an estimate of 750,000 by 2022 but we now see based on ...

PHILSTARTHE Department of Agriculture (DA) is currently distributing a tranche of the fuel subsidy to nearly 10,000 registered farmers and fisherfolk in Soccsksargen.“One of the most substantial operational expenses in farming and fishing is fuel,” the DA said in a statement.As of Sept. 27, oil companies have raised the price of fuel by a net P14.85 per liter for gasoline ...

DUALTECH/HANDOUT/PHILSTAR FILE PHOTOA JOINED House committee approved on Tuesday bills seeking to create so-called “Meister” schools, which are geared towards training graduates for the needs of industry with a heavy concentration of specialized technical-vocational (tech-voc) courses.House Bill (HB) 652 or the proposed Meister Schools Act, authored by Albay Rep. Jose Ma. Clemente S. Salceda, hopes to establish one such senior ...