Day: April 24, 2024

BUTUAN CITY: At least 8,901 vacancies will be offered to jobseekers as the Department of Labor and Employment in the Caraga Region (DOLE-13) will spearhead different job fairs in the area to celebrate the 122nd Labor Day on May 1.

Data provided by DOLE-13 on Wednesday showed that 4,374 of the vacancies are for local jobs, while the 4,527 are overseas jobs.

‘There will be simultaneous jobs fair activities in different sites in Agusan del Norte, Agusan del Sur, Surigao del Norte, Surigao del Sur, and Dinagat Islands,’ DOLE-13 said.

Jobseekers from Agusan del Norte may proceed to Almont Inland Resort in Butuan City for the jobs fair; the Naligayan Grounds at the Provincial Capitol in Patin-ay, Prosperidad, Agusan del Sur; the Surigao City Cultural Center for Surigao del Norte; the Tandag City gymnasium for Surigao del Sur; and the Sta. Cruz covered court in San Jose town for Dinagat Islands.

In addition to the jobs fair, payout activities for the beneficiaries of the Tulong Panghanapbuhay sa Ating Disadvanta
ged/Displaced Workers (TUPAD) will also be held in various parts of the region.

During the activity, 27,732 beneficiaries will receive PHP123.2 million worth of TUPAD payments, while 873 beneficiaries of the DOLE Integrated Livelihood Program will also be awarded PHP21.1 million worth of livelihood packages.

Also, some 421 beneficiaries of the government internship program will receive their salaries, amounting to more than PHP1.7 million.

Moreover, some 131 sellers from 74 farmers’ organizations will join the celebration through the Kadiwa ng Pangulo program, where displays of agricultural products will be sold to the public. (

Source: Philippines News Agency

MANILA: The local stock market continued to rebound on Wednesday, closing near the 6,600 level, while the peso moved sideways.

The Philippine Stock Exchange index (PSEi) gained 65.95 points, closing at 6,572.75, while the broader All Shares also rose 16.56 points to 3,463.46.

“Philippine shares continued to rebound finishing 1.01% higher, nearing the 6,600 level as investors applauded the ‘so far, so good’ earnings results of U.S.-listed companies,” Regina Capital Development Corp. Managing Director Luis Limlingan said.

“Across the region, investors breathed a collective sigh of relief following Iran’s statement that it will not further escalate its conflict with Israel,” he added.

Almost all counters closed in the green led by Industrial and Holding Firms.

Financials, however, slightly declined by 1.88 points.

Advancers led decliners at 111 to 99, leaving 52 counters unchanged.

The peso, meanwhile, moved sideways, closing at 57.55 to a dollar from Tuesday’s 57.51 finish.

It opened the day at 57.4 and
traded between 57.31 and 57.57.

The weighted average for the day was at 57.409.

Trade volume went up to USD1.37 billion from USD1.17 billion on Tuesday.

Source: Philippines News Agency

GINGOOG CITY: Misamis Oriental – Cooperatives in this city can be seen as instruments of poverty reduction, officials said Wednesday.

Speaking at the Provincial Cooperative Development Council meeting here, Gingoog Mayor Erick Cañosa said empowering cooperatives in the city could contribute to achieving single-digit poverty incidence.

Cañosa also expressed his support for the initiatives of City Cooperative Development Officer (CCDO) Norma Carcido and Provincial Cooperative Officer Alberto Acain to extend the city’s services and project implementation to local cooperatives, primarily farmers and other livelihood-based organizations.

In addition to a series of upskilling programs for cooperative members, the CCDO will focus on sustainable livelihood projects that are aligned with the provincial government’s poverty reduction measures.

According to the Philippine Statistics Authority, Misamis Oriental’s last recorded poverty rate was 18.1 percent in 2021.

Misamis Oriental Governor Peter Unabia earlier orde
red an interdepartmental and whole-of-local government approach to align the province’s socio-economic programs and policy agenda in reducing the poverty rate.

Source: Philippines News Agency