PSEi tumbles anew, peso retests record low

The local stock market saw sustained profit-taking activities from investors, while the peso matched its record low after closing at 61.75 against the dollar amid escalating tensions between the United States and Iran.

The bellwether Philippine Stock Exchange index (PSEi) fell by 1.04 percent or 65.95 points to finish at 6,267.85.

The broader All Shares index likewise tumbled by 0.53 percent or 18.23 points, settling at 3,421.35.

First Metro Securities said the local bourse extended its decline on continued de-risking amid a second straight session of foreign outflows and a deterioration in global risk sentiment.

It said offshore investors turned net sellers, unloading P654.99 million while accounting for roughly half of total activity.

Total turnover value slipped to P6.49 billion from the previous day’s P7.94 billion.

RCBC chief economist Michael Ricafort cited as among the factors affecting the decline in the PSEi for the second straight trading day was the upcoming wage hike in Metro Manila that could lead to higher overall inflation due to higher prices of goods and services.

Ricafort said the decline of the peso also affected investor sentiment.

Ricafort, however, said yesterday’s decline is considered a healthy downward correction after gaining for four straight trading days.

Sectors were mixed, with mining and oil taking the biggest leap at 1.3 percent, while services suffered the largest drop at 3.01 percent.

Data from the Bankers Association of the Philippines showed the peso closed slightly weaker than Tuesday’s 61.745 finish. Wednesday’s close matched the peso’s record low of 61.75 per dollar, last recorded on May 19.

During the session, the peso opened at 61.73, which also marked its strongest level of the day, before weakening to 61.75, matching its record intraday low.

Jonathan Ravelas, senior adviser at Reyes Tacandong and Co., said the peso remained under pressure after the greenback strengthened further as rising oil prices heightened concerns over inflation.

AIA, MediCard launch bundled HMO-life insurance package

AIA Philippines and its healthcare arm MediCard have rolled out an integrated employee benefits package that combines health maintenance organization (HMO) coverage with group life insurance, targeting small businesses looking to simplify benefits administration while expanding worker protection.

Dubbed Group Life + HMO, the offering combines MediCard’s healthcare coverage with AIA Philippines’ Yearly Renewable Term Life insurance, Total and Permanent Disability protection, and Accidental Death, Dismemberment and Disability coverage under a single plan.

The package is available to companies with as few as five employees, with annual premiums ranging from P56.80 to P284 per employee, depending on the selected coverage of P20,000 to P100,000.

The integrated offering also provides employers with a single provider relationship, one enrollment process and one billing arrangement, allowing companies to streamline benefits administration.

Currently, the Yearly Renewable Term Life insurance provides coverage against death from any cause, except suicide during the first year of coverage. Meanwhile, the Total and Permanent Disability benefit provides a lump-sum payout to employees who become permanently disabled.

The Accidental Death, Dismemberment and Disability coverage pays an additional benefit if an insured employee dies, suffers dismemberment or becomes disabled within 180 days of an accident.

‘Employers want to know they’re supporting their people through life’s unforeseen moments. By helping protect employees from both medical costs and the wider financial impact of life’s uncertainties, employers can provide more meaningful support for their people and their families,’ MediCard CEO Julian Mengual said.

AIA Philippines and MediCard said the product is particularly suited for micro, small and medium enterprises, which account for 99.5 percent of business establishments and employ more than 60 percent of the Philippine workforce

Arise TV goofs, no burning of any motor parks in Osun, Police, press go round parks

A viral video clip of Arise TV Morning show claiming that there were violent attacks and razing of some motor parks in Osogbo, Osun State for ‘two consecutive days’ has ended up being a fake news.

The newscaster claims in the video that violence, allegedly orchestrated by NURTW members loyal to the All Progressives Congress, raged in the motor parks throughout Monday and Tuesday, July 21 and 22 respectively. It also shows a fire scene which must have been deceitfully embedded in the video by whoever generated it to give an impression that fire was set on some of the parks.

Shocked by the wrong report, the Osun State Police Command invited journalists on Wednesday morning to visit all the motor parks so the public would be availed of the truth to avoid unnecessary tension among residents of the state.

The command’s Police Public Relations Officer (PPRO), DSP Abiodun Ojelabi, led the press crew which included this reporter to the motor parks across Osogbo. Drivers, commuters and traders alike in and around the motor parks were seen going about their normal businesses. They also debunked the rumours that there were disturbances in the parks.

The fact-finding team’s first port of call was the Stadium Motor Parks. The park was calm without any sign of recent fracas. The vulcanizer at the park, Olawale Olagunju, and others spoken with said the garage has ever been peaceful.

Olagunju, who spoke in Yoruba Language, said: ‘Nobody burned down this park. I’m always here, nobody set any fire here. Either yesterday or any day, nobody burnt anywhere here. There wasn’t any fighting or crisis here. I’ve always been here. So, there’s no truth in the report.’

Another resident of the area whose shop is behind the garage said the park has always been peaceful and said there was no iota of truth in the report of violence.

The team moved from there to Ilesa Garage, Osogbo where the NURTW members and commuters were seen in joyous mood and the traders in the garage spoken to denied knowledge of any disturbance.

One of the traders who also spoke in Yoruba, Mrs Matthew, said: ‘There wasn’t even a smoke, let alone fire. There was nothing like that. Nobody fought here. No anywhere was burnt. If anywhere was burnt, you too would have seen the traces.’

From Ilesa Garage, the team moved to Aregbe Garage which was bubbling with activities. Traders in the garage also denied occurrence of any such incident. Madam Oluwatoyin simply said ‘This is Aregbe Garage, nothing happened here at all.’

The last garage visited by the team was the Old Garage at the center of Osogbo. The place was also calm and the Police Armored Personnel Carrier and patrol vehicles stationed there since the NURTW’s Monday protest in the area to maintain peace were seen on ground.

Adebayo Adeyinka who spoke with the journalists said: ‘There is no problem in this place. We are selling our market normally. Nobody has created any crisis here at all. No fire here o. You can see that everything is normal here. We are okay here at Old Garage, Oju Irin. It was only protest that took place here on Monday and police came to settle it immediately.’

At the end of the exercise, PPRO Ojelabi spoke with the journalists to assure residents of the state that there was no any iota of truth in the report by the television station. He urged all to go about their normal businesses and warned purveyors of fake news to desist from creating unnecessary tension.

Ojelabi, while speaking with the press, said: ‘This visit was necessitated by what we heard yesterday going round that some parks have been set on fire within the state. We’ve gone round the parks and we’ve seen that there is nothing of such. Presently we are at Old Garage, Oju-Irin. As you can see, nothing of such. There is no sign of fire anywhere, not to talk of setting anywhere ablaze. Everywhere is beautiful. The people are going about their lawful business.’

However, Ojelabi urged all transport workers in the state to remain peaceful and that they should always use appropriate channels to resolve any grievances when they occur.

‘My message to transport workers is that they should remain peaceful and if there are any grievances, they should go to the appropriate authorities to settle the differences. There are rules and regulations guiding parks management. So, they should follow the rules and let peace reign.

‘To those who are spreading falsehood and misleading information, they should be very careful. The Cybercrime Act is still very active and we are going to make use of it against those spreading falsehood,’ the PPRO warned.

Eala officially gains US Open entry

Alex Eala is all set for the season’s last Grand Slam.

The rising international tennis darling is officially listed in the US Open slated Aug. 30 to Sept. 13 in Flushing Meadows, New York, alongside the top-ranked players Aryna Sabalenka of Belarus and Jannik Sinner of Italy.

Eala is ranked No. 29 in the confirmed list for direct entries released by the US Tennis Association yesterday albeit the seedings and the draw will be available in the Slam week.

At stake for Eala is the continuation of her magical run in Wimbledon, where she netted a bevy of firsts for Philippine tennis with her Round of 16 finish.

Eala was the first Filipina player to do it so, gaining 240 points to reach a new career-best WTA ranking of No. 28.

Though Eala slipped a bit in the rankings at No. 29 this week due to inactivity after coming home in the Philippines with a series of fan meeting events, she will ride a massive momentum entering the US Open with a goal of surpassing her second-round finish last year.

Eala then stunned world No. 15 Clara Tauson of Denmark in the US Open Round of 128 to become the first Filipina match-winner at any Grand Slam main draw prior to her Wimbledon breakthrough.

‘I do want to get as far as I possibly can. Of course, the ultimate goal is to win right? But I will take it round by round,’ said Eala in an interview with The STAR upon her homecoming last week

Pathum acquire Quintana to bolster porous defence

BG Pathum United have moved to shore up their fragile defence with the signing of Uruguayan Yeferson Quintana from Brazilian side Paysandu, the club confirmed.

The towering 196cm centre-back, who began his career at boyhood club Penarol in 2016, has since had loan spells at San Jose Earthquakes, Cerro Largo, Danubio and Racing Ferrol before joining Defensor Sporting in 2022. He moved to Brazil in 2024, turning out for Portuguesa before Paysandu.

“I am very happy to join the team and have the opportunity to wear this shirt,” Quintana, 30, said. “I can’t wait to get on the pitch and fight for everyone, and for this club’s crest. I will do my absolute best to take this club to its destination. See you at the stadium — I will wear this shirt and play with immense pride.”

Elsewhere, PT Prachuap FC have completed a striking coup, securing former England international Andros Townsend from Kanchanaburi Power.

Prachuap head coach Sasom Pobprasert admitted the move had come as a surprise even within the club.

“It is quite a surprising deal, because we are not a big team that a player of his calibre would ordinarily consider,” he said. “Credit must go to our chairman, Songkiat Limarunrak, who negotiated with the player’s agent just a week before the deal was finalised.”

Sasom added that Townsend’s experience would benefit Prachuap’s younger players. Townsend, who recently worked as a pundit at the 2026 World Cup, is expected to join the squad around July 25.

Meanwhile, the Football Association of Thailand has confirmed the fixture list for the 2026-27 Thai League 2 season, which begins on Sept 4. The campaign comprises 34 matches per club.

The opening match will see Uttaradit host Muang Thong United, while Kanchanaburi Power — now under former Vietnam coach Park Hang-Seo — travel to face PT Satun on Sept 6.

NUJ Osun condemns violence, hails rescue of Oyo abducted school children

The Nigeria Union of Journalists (NUJ) Osun State Council has condemned the spate of violence threatening to mar the forthcoming election in the state. The body also hailed the successful rescue of abducted school children in Oriire Local Government Area of Oyo State.

These positions of the council, amongst others, were contained in the communique issued and signed by the Communique Drafting Committee of the council at the end of the union’s July 2026 Congress held at its secretariat, Osogbo on Wednesday.

The congress was presided over by the council’s Chairman, Comrade Adeyemi Aboderin.

The Congress thanked Governor Ademola Adeleke for approving permanent employment for 66 freelance staff of the Osun State Broadcasting Corporation, OSBC.

The Council acknowledged what it called ‘the crucial role played by the Senator representing Osun West and the Accord party campaign DG, Akogun Lere Oyewumi, on the absorption of the OSBC casual staff as full employees of Osun State Government.’

It enjoined the beneficiaries to reciprocate by re-dedicating themselves to their duties.

The congress condemned the spate of political violence ahead of the governorship election in the state and urged security agencies, most especially the police to be neutral, adding that ‘there is a need for the police to project their image positively to gain public trust.’

It charged politicians to play by the rules and rein in their supporters, adding that election should not be a do or die affair.

On the August 15 election, the NUJ urged registered voters to collect their PVCs at the INEC designated centers and also charged everyone to reject fear and ensure they vote on Election Day.

It called on the security operatives to guarantee the safety of Journalists in the state, before, during, and after the governorship election.

The Congress commended the Federal Government on the rescue of abducted children and teachers in Orire local government area of Oyo State and urged the Osun State Government to improve on security in schools and boundary areas in the state.

The A24 Blueprint: How an indie underdog rewrote Hollywood’s rules

For quite some time now, I have been closely tracking the absolutely meteoric rise of the indie entertainment juggernaut known as A24. They completely grabbed my attention after a few deep-dive sessions of research, and naturally, binge-watching a select curation of their stellar cinematic offerings. I have come to a definitive conclusion here, my dear readers. Let me break it down for you in my own signature analytical and critical style.

First off, let us state the obvious: A24 has completely rewritten the rulebook of the classic Hollywood studio mold. They have mastered the art of transforming unconventional, high-risk arthouse projects into absolute mainstream gold. While Tinseltown’s legacy powerhouses are furiously recycling the same old s***-predictable, big-budget blockbusters-this independent powerhouse has spent over a decade quietly engineering an unrelenting cinematic legacy. And they have done it on their own terms, built entirely on pure, unadulterated creative freedom.

A24 did not merely disrupt the status quo; they completely redefined modern cinema by transforming into an undeniable cultural force. While the major Hollywood studios clung to formulaic, multi-million-dollar reboots, this bold independent outfit embraced the extraordinary, sweeping the Academy Awards and dictating the global pop culture conversation.

Make no mistake about it-this is not just a streak of beginner’s luck. Trust me on this one. While the massive, big-budget machine of Hollywood continues to suffer from a painful drought of truly original ideas, A24 has consistently gambled on the extraordinary.

But let us not stop there. Let us delve even deeper and break down what I believe has truly made A24 achieve the monumental greatness they are experiencing now. Honestly, it is a rare and beautiful case of all the proper pieces flawlessly coming together in the modern cinematic landscape.

The masterclass of creative freedom

A24 transcends traditional cinema by refusing to treat audiences like casual consumers; instead, it offers intellectual respect long abandoned by mega-studios. The studio champions visionary autonomy for directors, achieves historic avant-garde milestones, and authentically platforms deeply intimate human narratives that consistently outshine CGI spectacles.

Directors working under this banner are never micromanaged by a committee of studio suits wearing ties. Instead, they are literally handed the keys to the vehicle-granting them the creative freedom to navigate exactly where their cinematic vision wants to take them.

Pushing the envelope is more than just a tagline for them; it is a fundamental philosophy. This bold approach allowed the studio to take a surreal, multiverse-hopping tax audit like ‘Everything Everywhere All at Once’ and transform it into an historic Best Picture winner.

At its core, the studio’s true mastery lies in giving a platform to deeply intimate human stories, such as ‘Moonlight’ and ‘Past Lives’. In doing so, it serves as a brilliant testament to the fact that emotional resonance will always out-heart hollow CGI spectacles.

Reshaping modern horror

You cannot talk about A24 without addressing how they single-handedly weaponized ‘elevated horror.’ Before Ari Aster’s Hereditary or Robert Eggers’ The Witch, the genre was largely trapped in a cycle of cheap jump-scares and predictable slashers. A24 shifted the lens entirely, focusing on slow-burn, atmospheric dread that crawls directly under your skin and stays there.

They realized that the deepest terrors are not monsters hiding in the dark, but the fracturing of the human psyche and family trauma. It is a fascinating, highly analytical formula that has forced the rest of the industry to step up its game.

The cult of cool marketing

Beyond the celluloid, A24’s true brilliance lies in its mastery of counter-culture branding, selling an aesthetic lifestyle rather than just movies. By transforming promotional materials into coveted streetwear and tapping directly into the internet-gen pulse, A24 demonstrates a flawless, modern approach to cinematic engagement.

The road ahead

Hollywood has entered a turbulent era defined by streaming fatigue and volatile box office returns, pushing indie darling A24 to its own cinematic crossroads. As the studio expands into larger-budget fare like Alex Garland’s ‘Civil War,’ purists may worry it risks losing its foundational soul to the commercial machine.

If their track record proves anything, it is that A24 knows exactly how to expertly balance commercial viability with an uncompromising artistic edge. They have proven that there is a massive, global appetite for cinema that challenges, unnerves, and profoundly moves us. Hollywood can keep its predictable formulas; as long as A24 is in the driver’s seat, the future of original cinema remains in very safe hands.

Traders warned vs illegal hog shipments into Bohol amid ASF scare

Authorities have warned against unscrupulous traders attempting to sneak undocumented hogs into Bohol province.

The warning came as law enforcers intercepted 40 undocumented hogs from Cebu that were shipped into Bohol through Getafe town, the second such incident within a week.

The unauthorized shipment was intercepted on July 19 along the shoreline of Barangay San Jose, Getafe, after authorities received information about the arrival of an illegal livestock shipment.

A joint enforcement team composed of personnel from the Municipal Agriculture Office of Getafe, the Philippine Coast Guard, the Philippine National Police, and barangay officials found the animals being loaded onto an unregistered livestock transport carrier.

An investigation showed that the pigs had been transported from Cebu without the required African Swine Fever (ASF)-negative laboratory test results and the mandatory shipping permit issued by the Bureau of Animal Industry (BAI), making the shipment a violation of existing veterinary quarantine regulations.

The animals were immediately placed under official custody at the interim veterinary quarantine holding facility in Getafe while the claimed owner was given 24 hours to present the missing documents.

When the owner failed to comply within the prescribed period, the Office of the Provincial Veterinarian (OPV) issued a Notice of Violation and Confiscation Receipt on July 20.

All 40 confiscated pigs were later humanely depopulated and buried in accordance with Provincial Ordinance No. 2025-034 and established biosecurity protocols to prevent the possible spread of ASF.

Authorities also supervised the cleaning and disinfection of the transport vehicle before releasing it to its registered owner on July 21, without prejudice to possible regulatory action by the BAI Veterinary Quarantine Service.

The OPV classified the shipment as high veterinary risk, underscoring the province’s strict implementation of border control and disease prevention measures to protect Bohol’s livestock industry.

The latest seizure comes just days after authorities confiscated 35 illegally transported piglets in Getafe on July 15, highlighting intensified border surveillance against the entry of potentially ASF-infected animals into the province.

Bohol has also implemented a 60-day temporary ban on the entry of live pigs, pork, and pork products from Negros Island. The restriction, which took effect on July 3, 2026, was imposed through Executive Order No. 28 issued by Governor Erico Aristotle Aumentado to protect the province’s swine industry from the ASF threat.

The operation is part of the continuing enforcement of Aumentado’s directive to strengthen border security under the province’s Strategic Governance Roadmap for resilient agriculture.

It also reinforces Executive Order No. 28, Series of 2026, which mandates stricter veterinary quarantine, border surveillance, and biosecurity measures to prevent the entry of ASF, safeguard Bohol’s hog industry, ensure food security, and protect the livelihoods of local hog raisers.

Donald Trump reportedly backs Infantino for next UN secretary-general

US President Donald Trump wants FIFA President Gianni Infantino to become the next secretary-general of the United Nations, according to a report by the New York Post, citing a source familiar with the matter, AzerNEWS reports.

The source said Trump believes Infantino is “respected by everyone around the world” and has a unique ability to bring people together.

The report comes after Infantino strengthened ties with Trump during this year’s FIFA World Cup, where the FIFA president made several public appearances alongside the US leader. In December, Infantino also presented Trump with FIFA’s inaugural Peace Prize.

Current UN Secretary-General António Guterres is due to complete his second five-year term on December 31, 2026. Under Article 97 of the UN Charter, his successor must be recommended by the 15-member UN Security Council and approved by the UN General Assembly. Any of the Security Council’s five permanent members can block a candidate by exercising their veto.

Trump has frequently criticized the United Nations for what he considers its ineffective response to major international conflicts. Since returning to office, his administration has significantly reduced US funding for the organization and withdrawn from several UN-affiliated bodies, including the World Health Organization (WHO).

Last year, Trump also established a US-led Board of Peace, prompting speculation that it could serve as an alternative mechanism for international conflict resolution. The White House denied those claims at the time.

Senate ‘cannot afford’ Sara Duterte’s request for catering – Gatchalian

The Senate ‘cannot afford’ to shoulder the catering for Vice President Sara Duterte’s staff and the defense team during the impeachment trial, Senate President Sherwin Gatchalian asserted on Thursday.

Duterte earlier requested that her personnel and legal counsel be provided with food and beverages of their choosing at the expense of the Senate.

‘We can not afford it,’ Gatchalian told the media, adding that the Senate impeachment court is still studying the request.

He continued: ‘It’s a basic issue of budget. The budget can’t [be granted] because we have expenses. We have to prioritize, of course, the budget hearings and committee hearings.)

Gatchalian earlier said that after the impeachment had taken up several session rooms, so the Senate might need to rent a space at the Philippine International Convention Center (PICC), specifically for the budget hearings.

Still, the Senate leader said he has yet to reply to the vice president’s letter.

In an earlier interview, Sen. Erwin Tulfo said he and his colleagues in the Senate majority are opposed to Duterte’s request, citing the same reason given by Gatchalian