THE PHILIPPINE NEWS ROOM

              The Philippine News Room is blog site which collect the most recent and the most relevant news in the Philippines today. It talks about the topic in its own unique way and perspective that is taken to the different biggest news company in the Philippines that is duly recognized in this blog.  The blog site focus on the different area in the news industry in the Philippines from its local news down to the most renown people to its local politics and known international artist in the entertainment industry. 

              The Philippine News Room Blog site is a site that is working soully  and just depending on the day to day news that feed by the biggest name and company in the Philippines. 

                The Philippine News Room Blog site talks a common topics for news reports include war, government, politics, education, health, the environment, economy, business, fashion, and entertainment, as well as athletic events, quirky or unusual events. The Goverment proclamations, concerning royal ceremonies, laws, taxes, public health, criminals, have been dubbed news since ancient times. Humans exhibit a nearly universal desire to learn and share news, which they satisfy by talking to each other and sharing information. Technological and social developments, often driven by government communication and espionage networks, have increased the speed with which news can spread, as well as influenced its content. 

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PHILIPPINE STOCKS HIT FRESH ALL-TIME HIGH ON 2017'S LAST TRADING DAY

ALL-TIME HIGH. The executives of Philippine Stock Exchange on Friday, December 29 celebrate last trading day of 2017. Photo from PSE Corporate Communications

MANILA, Philippines – Philippine equities closed 2017 on a cheerful beat, as it posted a record high of 8,558.42 points, with all sectors moving north.

As closing bell rang on Friday, December 29, executives of the Philippine Stock Exchange Incorporated (PSE) rejoiced as PSE index (PSEi) rallied 126 points at 8,558.

This was the 14th time that the main index closed at an all-time high this 2017. For the year alone, the PSEi gained 25.1%. (READ: Philippine peso strongest in 6 months, stocks break 8500 level)

Five of the 6 sectoral indices also posted year-to-date gains. The financials sector was up the most as it rose by 34.7% for 2017, PSE said, while the mining and oil sector was the lone decliner as it lost 3% in 2017.

"Philippine shares closed at another record to end the year even though US Stock Trading has been muted as investors have little incentive to make on assets perceived as risky in the penultimate session of trade ahead of the New Year's holiday on Monday," Marita Limlingan, president of Regina Capital, said in a note.

Stock brokerage firm 2TradeAsia.com said in another note that the record high could be brought by investors' positive sentiment over "the tax reform program and other encouraging leads overseas."

Daily average value turnover rose by 3.2% year to date at P8.06 billion.

Philippine peso sets new 6-month high

Meanwhile, the Philippine peso gained 5 centavos against the greenback, lowering the full-year depreciation of the local currency to just 0.42%.

On Friday, December 29, the Philippine peso closed at a new 6-month high of P49.93:$1, from Thursday’s 49.98 to $1.

This was the local currency's strongest level for the peso since June 19.

Dubbed as the region's weakest currency, the Philippine peso rebounded strongly after it slid by 4.12% to hit a new 11-year low of P51.77:$1 last October 25.

Brokers had speculated that the October 25 drop was due to the rising geopolitical tensions between the US and North Korea and normalization path of the US Federal Reserve, among others.

This Friday's rally, according to a broker, could be linked to strong inflows with the PSEi, which posted a fresh all-time high. 

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Remove hatred, spread love, says June Mar Fajardo as new year begins

MANILA, Philippines – June Mar Fajardo has been one of the most successful sports figures in the country so it is safe to take an advice or two from him.

And that advice? To leave hatred all behind in 2017.

2017 had been plagued by hate that even the sports community was not spared. So if Fajardo has one wish for people as the new year begins, it is instead to spread love.

“Dapat sa ating lahat, tanggaling na natin ‘yung hatred sa puso natin. Dapat palitan na natin ng pagmamahalan and kindness,” said Fajardo.

(For everyone, we should not keep hatred in our hearts. We should replace hatred with love and kindness.)

That is probably the reason why Fajardo is always locked in during games, having won 4 consecutive Most Valuable Player awards and 5 PBA championships. And at the beginning of the new PBA season, “The Kraken” willed the San Miguel Beermen to winning their first 2 games.

“Wala tayong makukuhang maganda sa hatred, hindi nagdudulot ng maganda sa buhay natin yun. Hopefully, sa bagong taon, tanggalin na natin ‘yun. Mas okay kung nagmamahalan tayo.”

(We will not get anything good from hatred and it will not make our lives better. Hopefully this new year, we get rid of that. It is better if we just love each other.) – Rappler.com

Fajardo and his Beermen will try to keep their winning ways as they face the TNT KaTropa on January 13 in Iloilo.

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LOOK: Tacloban residents help stranded commuters through 'baluto' rides

MANILA, Philippines – Nonstop rains brought by Tropical Depression Agaton has left thousands of stranded passengers in ports and bus terminals across the country. Based on initial reports, the storm has also caused flooding in several areas along its path.

Among those affected by the flooding is Larry Portillo and his family in Barangay Nulatula, Tacloban City, Leyte.

In an interview with Rappler, Portillo said that they have been stranded on Tuesday, January 2, due to the waist-deep flood in the area that has paralyzed the operations of vans and tricycles. He was on his way to work by then.

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"Medyo malakas ang ulan. Nagmamadali kami kasi papasok ako sa office. Kaya napilitan kami na sumakay ng maliit na banka kasi mahigit dalawang oras kami stranded," he said.

(The rain was strong. We were rushing because I was on our way to work. That is why we were forced to ride a small boat after waiting for more than 2 hours)

Fortunately, residents were there to help ferry stranded passengers across the flood in an admirable display of the spirit of bayanihan.

"Siyempre natuwa kami kasi nagawan nila ng paraan upang matawid namin ang mataas na tubig baha," he said.

(We were happy because the residents were able to find a way to ferry stranded passengers like us)

Residents used a “baluto,” a Waray term for boat. In the video posted by Portillo, residents can be seen pushing the boat, carrying at least 5 passengers at a time, through floodwaters.

The residents charged only a minimum fare of P10 for a boat ride.

FLOODING IN LEYTE. Waist-deep flood hits the town of Dagami in Leyte. Photo by Irish Catilogo

The first storm to hit the country in 2018 is expected to make its 6th landfall in Palawan on Tuesday evening.

In its latest bulletin, state weather bureau Pagasa said Agaton is already 265 kilometers west of Dumaguete City, Negros Oriental or 245 kilometers east southeast of Puerto Princesa City, Palawan, still moving west at 28 kilometers per hour (km/h).

It is expected to leave the Philippine Area of Responsibility (PAR) on Wednesday morning, January 3.

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Tropical Depression Agaton moves closer to Palawan

MANILA, Philippines – State weather bureau PAGASA advised residents of Palawan to stay on alert as Tropical Depression Agaton moved closer to the province late Tuesday afternoon, January 2.

In a bulletin issued 5 pm on Tuesday, PAGASA said Agaton is already 185 kilometers east southeast of Puerto Princesa City, Palawan, still moving west at 28 kilometers per hour (km/h).

The tropical depression continues to have maximum winds of 55 km/h and gustiness of up to 65 km/h. (READ: EXPLAINER: How tropical cyclones form)

Agaton is expected to make its 6th landfall in Palawan on Tuesday evening. It had made landfall in the following areas earlier in the day:

• Socorro, Surigao del Norte – 1 am
• Claver, Surigao del Norte – 1:15 am
• Jagna, Bohol – 4 am
• Santander, Cebu – 5 am
• Bais City, Negros Oriental – 7:30 am

Signal number 1 remains raised in Palawan, including Cuyo Island.

Though Palawan is the only area left under signal number 1, PAGASA warned residents of Bicol, the Samar provinces, southern Quezon, Panay Island, and the rest of Mimaropa to stay on alert for possible flash floods and landslides. (IN PHOTOS: Flood greets Biliran residents on first day of 2018)

Sea travel is risky in Palawan, the seaboards of Northern Luzon and Southern Luzon, eastern seaboard of Central Luzon, eastern and western seaboards of the Visayas, and eastern seaboard of Mindanao due to the surge of the northeast monsoon and Agaton.

More than 3,000 passengers have been stranded at various ports, most of them in Northern Mindanao and Central Visayas, according to the Philippine Coast Guard (PCG).

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Bill seeks higher pay for mid-level gov't employees

MANILA, Philippines – To match the pay of their counterparts in the private sector, a House bill is seeking amendments to the Salary Standardization Law, which will authorize department heads to increase the salaries of mid-level government employees.

The Salary Standardization Law has fixed brackets for the increase in government employees’ compensation.

House Bill 6712, filed by Quirino Lone District Representative Dakila Carlo Cua, seeks to give the heads of departments the power to approve a higher salary than the ones indicated in the law.

It covers “any position holding Salary Grades 21 to 29.”

In the bill, Cua inserts a provision where the salary, after readjustment, may not exceed the pay of a Salary Grade 30 employee.

“Provided, that the President may, in truly exceptional cases, may approve higher compensation for the aforesaid officials,” the bill said.

Cua said that “by giving the head of each branch, bureau, agency or department the power to adjust the benchmarking of position schedule to match compensation offered by the government to that in the private industry will level the playing field.”

As it stands, the Salary Standardization Law signed in 2016 will provide a Salary Grade 21 employee an increase that will reach P64,741 by the 4th tranche. A Salary Grade 29 employee will receive P173,634 monthly by the 4th tranche.

A Salary Grade 30 employee, which is the threshold set by Cua’s bill, will be entitled to P196,206 by the 4th tranche.

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