RETAIL prices of rice could go down by almost P7 a kilo in the next few months following the government’s approval of lower import tariffs, the Department of Agriculture (DA) said on Wednesday. “The potential price reduction will be between P6 [and] P7 per kilo in rice,” Agriculture Assistant Secretary …
Read More »Inflation slightly higher, still within target in May
INFLATION edged up in May as power, housing and utility costs grew at a faster pace, the Philippine Statistics Authority (PSA) reported on Wednesday. At 3.9 percent, the result was marginally higher than April’s 3.8 percent. It was lower than the 4.0-percent median in a Manila Times poll of economists, …
Read More »Hundreds seek shelter after eruption
HUNDREDS of people sheltered in evacuation centers on Tuesday after Mount Kanlaon erupted for six minutes on Monday night, sending a plume of ash, rocks and gases 5 kilometers into the sky. The state volcanology agency raised the alert level for the volcano from one to two on a scale …
Read More »Speaker says China’s behavior won’t improve ties
HOUSE Speaker Martin Romualdez on Tuesday said China’s “aggressive behavior” will not improve its relations with the Philippines, after reports surfaced that the China Coast Guard (CCG) seized and dumped food and supplies meant for Filipino soldiers on Ayungin (Second Thomas) Shoal. “We bemoan what happened and hope they stop …
Read More »Bank of Canada cuts key interest rate to 4.75%
The Bank of Canada has lowered its key interest rate to 4.75 per cent, marking the bank’s first rate cut since March 2020. ‘We’ve come a long way in the fight against inflation,’ said BOC governor Tiff Macklem. Bank of Canada cuts interest rate, hints there could be more Citing …
Read More »It’s hotter than ever before. Earth breaks temperature records for full year
The planet’s string of record-breaking temperatures has continued for a full year, with May marking the 12th consecutive month for which its average temperature set a new record for the month. The grim milestone prompted a call for urgent action from the United Nations. ‘We’re shattering global temperature records and …
Read More »Dozens killed in Israeli airstrike on Gaza school, Hamas-run media office says
Israel targeted a Gaza school on Thursday that it said contained a Hamas compound, killing fighters involved in the Oct. 7 attack that sparked the eight-month war, but Gaza media said the strike killed at least 27 people seeking shelter. Israeli military says the school contained a Hamas compound. Israel …
Read More »India now the 2nd biggest foreign threat to Canadian democracy after China, interference report concludes
Nine months after the prime minister accused India of involvement in the killing of a Canadian citizen, a damning new report has concluded that country is the second biggest foreign threat to Canadian democracy after China. India is seeking to exert ‘influence across all orders of government’ in Canada, report …
Read More »Election interference case against Trump halted as court reviews ruling allowing Georgia DA to stay involved
An appeals court has halted the Georgia election interference case against former U.S. president Donald Trump and others while it reviews the lower court judge’s ruling allowing Fulton County District Attorney Fani Willis to remain on the case. Decision makes prospect of case going to trial before next presidential election …
Read More »SpaceX to undergo 4th test launch of its 37-storey Starship rocket
Hot on the heels of the successful crewed launch of Boeing’s new CST-100 Starliner on Wednesday, we have another rocket launch: This time it’s SpaceX’s massive Starship, which is meant to shuttle astronauts to the moon in 2026. Main goals are to land 1st stage in Gulf of Mexico and …
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