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PSEi, peso rebound as easing oil prices lift market sentiment

MANILA – Declining crude oil prices helped ease negative investor sentiment and allowed both the Philippine Stock Exchange index (PSEi) and the Philippine peso to recover on Tuesday. The local bourse’s main index rose 1.13 percent to 5,945.71 points, while the broader All Shares index gained 0.70 percent to 3,325.28 points. Most sectoral gauges tracked the

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CDN Top Stories [June 10]: Cebu braces for less power from Mindanao

Good morning, mga Ka-Siloys! Here are your top stories for Wednesday, June 10, 2026. ‘Is Cebu City ready for a big earthquake?’ During the Cebu City Council session on Tuesday, June 9, Councilor Pastor M. Alcover Jr. called for reports on the city’s disaster response capacity following the magnitude 7.8 earthquake off Sarangani the day

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Recto, ex-PhilHealth chief cleared of plunder, graft raps

MANILA, Philippines — The Office of the Ombudsman has junked the plunder, graft, and malversation complaints filed against Executive Secretary Ralph Recto and former chief executive officer of the Philippine Health Insurance Corp. (PhilHealth) Emmanuel Ledesma for lack of evidence. In a consolidated resolution dated June 2 and furnished to the media only on Tuesday,

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Unemployment falls below 5 percent in April

MANILA, Philippines — The country’s labor market held up better than expected in April as unemployment fell below 5 percent for the first time this year, although a surge in underemployment pointed to mounting pressure on workers amid the oil price shock. Preliminary data from the Philippine Statistics Authority (PSA) showed the number of jobless

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Ex-cop convicted as brains  in Jee Ick-joo slay arrested

MANILA, Philippines — Dismissed Police Lt. Col. Rafael Dumlao, whose local court acquittal in the case of slain South Korean businessman Jee Ick-joo was reversed by the Court of Appeals, his guilt later affirmed by the Supreme Court, was arrested before dawn Tuesday in Quezon City, officials said. In hiding since the Supreme Court affirmed

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Gatchalian rejects Cayetano ‘power-share’ proposal

MANILA, Philippines — Senate President Pro Tempore Sherwin “Win” Gatchalian on Tuesday dismissed Sen. Alan Peter Cayetano’s proposal for a power-sharing arrangement in the Senate, insisting that the leadership changes adopted by the new majority on June 3 were valid and left no room for a dual-authority setup. “In the June 3 session, it was

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Quake death toll exceeds 40; villages still isolated

GENERAL SANTOS CITY, Philippines — Doctors had to treat patients, including a young mother giving birth, in tents set up under a scorching sun on Tuesday, as the number of reported deaths rose past 40 after Monday’s magnitude 7.8 earthquake in southern Mindanao. Thousands remained displaced and the number of injured reached more than 450

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Baguio council okays watershed road project with conditions

BAGUIO CITY, Philippines — The city council on Monday night granted conditional approval to a controversial road project that will cut through a critical watershed, but only after imposing a series of safeguards and requiring barangay officials to assume responsibility for any future encroachment into the protected forest area. The P23.9-million, 218-meter bypass road will

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In Zamboanga del Sur, students now cross river safely to school

MIDSALIP, ZAMBOANGA DEL SUR, Philippines — For years, children in Barangay Pisompongan here have braved the rushing waters of a river just to reach their classrooms, especially during the rainy season. Their daily struggle, captured in a viral video last year that stirred widespread sympathy and debate nationwide, has now given way to relief and

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