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Metro Manila COVID growth rate dips, could peak by July – OCTA
2022-06-30
MANILA, Philippines — Metro Manila’s COVID-19 growth rate went down on Wednesday, which could be an indication that cases “could be peaking” in the first or second week of July, an OCTA Research fellow, Dr. Guido David, said on Twitter on Wednesday.
David cautioned, however, that the trend could still change. So he urged the public to continue practicing health measures to furthe...
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Metro Manila COVID growth rate dips, could peak by July – OCTA
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Goal is to reduce budget deficit — Diokno
2022-06-30
The Department of Finance (DoF) will focus on reducing the governments budget deficit in its medium term fiscal plan, incoming Finance Secretary and outgoing Bangko Sentral ng Pilipinas Governor Benjamin Diokno said.
When President-elect Ferdinand Marcos Jr. recently met with members of his economic team, his marching order was for them to produce a medium-term fiscal plan for the next si...
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Goal is to reduce budget deficit — Diokno
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Enhanced southwest monsoon brings rain as Tropical Depression Caloy barely moving
2022-06-29
MANILA, Philippines – Tropical Depression Caloy was almost stationary over the West Philippine Sea on Wednesday morning, June 29, as it continued to enhance the southwest monsoon or hanging habagat.
The Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA) said in a briefing past 11 am that Caloy was located 375 kilometers west of Iba, Zambales, barely m...
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Enhanced southwest monsoon brings rain as Tropical Depression Caloy barely moving
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Peso breaks P55:$1 intraday; Moody’s sees 50 bps rate hike
2022-06-29
The peso pierced the P55 level to the US dollar on Monday, June 27, at its intraday peak before regaining lost ground to close stronger at P54.78.
With the peso finally showing some strength versus its Friday close of P54.985, market watchers are now anticipating a higher central bank rate hike in August of as much as 50 basis points (bps) to temper both inflation and peso depreciation.
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Peso breaks P55:$1 intraday; Moody’s sees 50 bps rate hike
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Risk-on sentiments buoy local bourse, peso
2022-06-29
MANILA – Gains in the local bourse continued on Tuesday following the release of several economic reports in the United States while the peso kept its footing after days of depreciation against the US dollar.
The Philippine Stock Exchange index (PSEi) increased by 1.71 percent, or 106.59 points, to 6,345.41 points.
All Shares followed with a jump of 1.44 percent, or 48.21 p...
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Risk-on sentiments buoy local bourse, peso
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DILG: Over 600k trike drivers nationwide set to receive fuel subsidy
2022-06-29
MANILA, Philippines — The Department of the Interior and Local Government said that a total of 617,806 qualified tricycle drivers nationwide are set to receive their fuel cash subsidy under the Pantawid Pasada Program for Tricycle Drivers to alleviate soaring pump prices amid the pandemic.
DILG Secretary Eduardo Año said the Land Transportation Franchising and Regulatory Board will dis...
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DILG: Over 600k trike drivers nationwide set to receive fuel subsidy
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No work in Manila trial courts June 29-30
2022-06-29
Work in all trial courts in Manila is also suspended on Wednesday and Thursday, June 29 and 30, due to the traffic rerouting plan for the inauguration of President-elect Ferdinand “Bongbong” R. Marcos Jr. on June 30.
The order of work suspension was issued by Deputy Court Administrator Jenny Lind R. Aldecoa Delorino with the approval of all Supreme Court (SC) justices led by Chief Jus...
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No work in Manila trial courts June 29-30
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What’s the BSP doing?
2022-06-29
The Bangko Sentral ng Pilipinas (BSP) has been criticized—wrongly, I think—for being “dovish,” “behind the curve,” or not acting fast enough in response to speeding inflation and exchange rate movements. It seems to me that economists (as against financial analysts) tend to better understand the BSP’s moves, especially as its top leaders in the governor, deputy governor, and Monetary...
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Except in Alert Level 1 areas: Regular COVID tests for unvaccinated on-site staff
2022-06-28
MANILA, Philippines — On-site workers in both public and private sectors in areas under Alert Level 2 and higher who have yet to get vaccinated against COVID-19 must undergo COVID-19 tests, Malacañang announced Tuesday.
"In areas where there are sufficient supplies of COVID-19 vaccines, all establishments and employers in the public and private sector shall require their eligible ...
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Except in Alert Level 1 areas: Regular COVID tests for unvaccinated on-site staff
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DOH detects 50 additional BA.5 Omicron sub-variant cases
2022-06-28
MANILA, Philippines — There are 50 new cases of BA.5 Omicron sub-variant of COVID-19 in the country, Department of Health (DOH) spokesperson Undersecretary Maria Rosario Vergeire said in a press briefing on Tuesday.
Of the total, 38 are from Western Visayas, five from Metro Manila, and seven are returning Overseas Filipino Workers.
Most of them, 41 in total, are now tagged as r...
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DOH detects 50 additional BA.5 Omicron sub-variant cases
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Peso breaches 55-level vs dollar
2022-06-28
MANILA, Philippines (Updated, 5:10 p.m.) — The Philippine peso breached the P55-level against the US dollar on Monday but managed to temper those losses at the start another choppy trading this week.
The local currency finished at P54.78 versus the greenback, stronger than its previous close of P54.985.
But during Mondays trading, the pesos weakest showing stood at P55.15-per-d...
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Peso breaches 55-level vs dollar
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Experts: Technology plays role in sustainability efforts
2022-06-28
Environmental sustainability should not be seen as a separate objective from economic recovery and development because the country’s most pressing problems are best addressed by the efficient use of resources coupled with advances in technology, experts agreed during a recent forum conducted by leading think-tank Stratbase ADR Institute.
“What I see is not a crisis but an opportunity,...
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Experts: Technology plays role in sustainability efforts
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Commuter group urges incoming LTFRB to clarify rules on carpooling, shuttle services
2022-06-27
MANILA, Philippines — A commuter network urged the incoming leadership Land Transportation and Franchising Regulatory Board to promote carpooling and shuttle services of companies affected by the current transport crisis in the country by clarifying its guidelines on them.
Colorum is the term used by the department when referring to vehicles carrying passengers without a Certificate of ...
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Commuter group urges incoming LTFRB to clarify rules on carpooling, shuttle services
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Energy exploration dims further in West Philippine Sea
2022-06-27
MANILA, Philippines — The possibility of oil and gas exploration in the West Philippine Sea dimmed further after the Philippines terminated talks with China over joint energy exploration in the disputed sea, as resumption of any activities could escalate geopolitical tensions.
Following the termination of negotiations with China, the Department of Energy (DOE) – in coordination w...
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Energy exploration dims further in West Philippine Sea
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Filling stations to jack up diesel by PHP 1.65 on June 28
2022-06-27
While your fuel gauge does nothing but go down, down, down, fuel prices for the last four weeks have done nothing but go up, up, up.
For the fourth successive week, oil prices in the country are in for another increase. Tomorrow, June 28, fuel companies will add PHP 1.65 per liter for diesel, PHP 0.50 per liter for gasoline, and PHP 0.10 for kerosene.
As of the moment, Shell and ...
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Filling stations to jack up diesel by PHP 1.65 on June 28
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3 reasons why Filipinos should care about the global wheat shortage
2022-06-27
There is a global wheat shortage. The Philippine Association of Flour Millers, Inc. (PAFMI) mainly attributes this to the war between Russia and Ukraine, which collectively supply a third of the global wheat supply.
Wheat exports from Ukraine are blocked by the Russian navy in the Black Sea. Meanwhile, a US-led embargo on Russia means the latter country is cut off from trading wheat with ...
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3 reasons why Filipinos should care about the global wheat shortage
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Cities next to Manila asked to declare June 30 holiday
2022-06-27
MANILA, Philippines — An official of the Philippine National Police on Saturday asked cities next to the City of Manila to also declare a nonworking holiday in their jurisdictions on June 30 to lessen the inconvenience expected due to road closures and protest rallies during the inauguration of President-elect Ferdinand Marcos Jr.
Since security measures will be in place, including road...
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Cities next to Manila asked to declare June 30 holiday
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Solar Philippines takes 70% of the DoE’s Green Energy Auction Program capacity
2022-06-27
Solar Philippines (SP) [link], the parent company of Solar Philippines NEC [SPNEC 1.54 ?2.67%], won 70% of the renewable energy capacity that was up for auction in the first round of the Department of Energy’s (DoE) “Green Energy Auction Program” (GEAP).
The capacity awarded to SP also represents 91% of the total solar capacity awarded in this round of GEAP bidding. According to Sec...
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Solar Philippines takes 70% of the DoE’s Green Energy Auction Program capacity
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DepEd welcomes ‘timely’ career program system for public school teachers
2022-06-24
MANILA, Philippines — The Department of Education (DepEd) on Thursday celebrated the establishment of the Expanded Career Progression System for public school teachers.
According to DepEd in a statement, the new executive order will promote professional development and career advancement among public school teachers by officially creating new position titles namely Teacher IV, Teacher V...
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DepEd welcomes ‘timely’ career program system for public school teachers
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DOE expects price hikes in diesel, kerosene next week amid weak peso
2022-06-24
MANILA, Philippines— Consumers may have to pay more for fuel, particularly diesel and kerosene in the last week of June, the Energy department said on Friday, citing a weak peso.
Gas, however, may experience a small rollback of around P1 per liter, according to the Department of Energy-Oil Industry Management Bureau Director Rino Abad.
Citing computations based on weakening o...
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DOE expects price hikes in diesel, kerosene next week amid weak peso
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Interest rates raised anew
2022-06-24
As expected, BSP delivers back-to-back hikes
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) yesterday delivered back-to-back rate hikes, raising key policy rates by 25 basis points, to fend off rising inflationary pressures.
Outgoing BSP Governor Benjamin Diokno said the central bank’s Monetary Board decided to raise the overnight reverse repurchase rate to 2.50 perce...
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Interest rates raised anew
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DepEd receives teaching, learning materials from USAID
2022-06-24
MANILA, Philippines — The Department of Education (DepEd) received teaching and learning resources from the United States Agency for International Development (USAID) to support early grade learning initiatives in the Philippines.
USAID Director of the Regional Financial Services Center Bret Campbell led the turnover of the resources to DepEd Undersecretaries Nepomuceno Malaluan and Dio...
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DepEd receives teaching, learning materials from USAID
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Carpio backs Duterte admins termination of joint oil, gas talks with China
2022-06-24
Metro Manila (CNN Philippines, June 24) — Retired Supreme Court Senior Associate Justice Antonio Carpio, a critic of the Duterte administration, supported the Philippine governments decision to end the joint oil and gas exploration pact it inked with China.
Despite China refusing to acknowledge the Philippines arbitral win on the West Philippine Sea, the two nations signed an agreement ...
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Carpio backs Duterte admins termination of joint oil, gas talks with China
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Stricter implementation of health protocols seen in Metro Manila amid rising COVID cases – NCRPO
2022-06-23
MANILA, Philippines — A stricter implementation of health protocols in Metro Manila can be expected with the uptick in COVID-19 infections, according to the National Capital Region Police Office (NCRPO).
“Asahan po natin ang bahagyang paghihigpit sa pagpapaalala at pagpapatupad ng ating mga kapulisan habang nagpapatrolya sa lansangan sa pagsunod sa mga alituntuning ito ng IATF (Inter-...
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Stricter implementation of health protocols seen in Metro Manila amid rising COVID cases – NCRPO
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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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