Latest news with #068
GMA Network
24-07-2025
- Climate
- GMA Network
Disaster council mulls putting Antique under state of calamity
The Provincial Disaster Risk Reduction and Management Council (PDRRMC) passed a resolution to declare the Province of Antique under a state of calamity following the ill impact of the southwest monsoon (Habagat) enhanced by two tropical cyclones. Three towns - Barbaza, Sebaste, and Culasi - have earlier declared a state of calamity. "By law, a province needs at least two towns to declare a state of calamity before it can be declared at the provincial level,' this was emphasized. Governor Paolo Javier led the PDRRMC meeting on Thursday, July 24, 2025 at the PDRRM Office on Binirayan Hills, in the capital town of San Jose de Buenavista. The meeting was attended by PDRRMC members from different national and provincial agencies. "The council agreed to endorse PDRRMC Resolution No. 07, Series of 2025, which recommends that the Sangguniang Panlalawigan (Provincial Board) declare a province-wide state of calamity," a post on Province of Antique said. The report cited that passing the resolution would "allow the use of a portion of Antique's Quick Response Fund (QRF) for response, early recovery, and reconstruction operations." Acting Vice Governor Karmila Rose Dimamay said that the Provincial Board will schedule a special session on Friday, July 25, 2025, following the request of the governor. Further, it was disclosed that Antique's QRF amounts to P35,068,747, and that "only a portion of it will be used in anticipation of possible future calamities as the typhoon season continues." Based on data presented by the PDRRMC during the meeting, at least "22,729 families, or 73,706 individuals, from 15 towns were affected by Tropical Storm Crising. So far, no deaths have been recorded, but at least four people are still missing." The presentation also enumerated other damages such as: "Over P610 million worth of lifeline infrastructure like bridges, roads, flood control systems, seawalls, hospitals, and schools were damaged; 190 houses were damaged, 51 of which were destroyed completely." Furthermore, it was cited that "heavy rains and flooding also caused P15.36 million in damages to rice, corn, livestock, poultry, aquaculture, marine culture, and capture fisheries, among others," and that data on damages may still go up with the ongoing assessments. The Department of Public Works and Highways has yet to "complete its evaluation of the damage to the Bacong River dike in Culasi," the report added.
Business Recorder
26-06-2025
- Business
- Business Recorder
Gold prices post modest gains
KARACHI: Gold prices posted modest gains on Wednesday, tracking a slight uptick in global bullion rates, traders said. According to the All Pakistan Sarafa Gems and Jewelers Association, international gold prices rose by $3, reaching $3,330 per ounce. However, sluggish momentum in the global market limited the impact on domestic rates. As a result, local gold prices edged higher by Rs300 per tola and Rs258 per 10 grams, closing at Rs354,665 and Rs304,068 respectively. Despite the increase, the market remained largely steady without any notable shift in buying patterns. In contrast, the silver market saw a notable decline. Domestic silver rates dropped sharply by Rs26 per tola and Rs22 per 10 grams, settling at Rs3,764 and Rs3,227 respectively. Globally, silver hovered around $36 per ounce. It is worth noting that the open market may trade gold and silver at different prices as compared to those fixed by the association, keeping in view the global market fluctuations. The association links gold trading to interbank exchange rate. Copyright Business Recorder, 2025
Express Tribune
25-06-2025
- Business
- Express Tribune
Gold flat as safe-haven demand cools
Gold prices in Pakistan remained largely flat on Wednesday, mirroring global trends where prices eased due to reduced safe-haven demand following signs of de-escalation between Israel and Iran. Investors also remained cautious ahead of upcoming US economic data. In the domestic market, the price of gold rose slightly by Rs300 to settle at Rs354,665 per tola, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The price of 10-gram gold increased by Rs258 to Rs304,068. This marginal recovery comes after a sharp drop on Tuesday, when gold fell by Rs3,800 per tola. Interactive Commodities Director Adnan Agar noted that international gold prices touched the high of $3,337 an ounce and low of $3,311 on Wednesday, with current levels hovering around $3,323. "The overall sentiment is weak," he said. Gold is holding support between $3,300 and $3,290, but if it fails to break above $3,340, "we could see further downside". A close below $3,290 might push the market towards $3,200. He added that with geopolitical tensions easing, particularly on the Israel-Iran front, the near-term outlook for gold appears bearish, though a bounce may be possible after further correction. Internationally, spot gold was down 0.3% at $3,314.45 per ounce at 0934 am EDT (1334 GMT) after prices hit their lowest in over two weeks in the previous session, according to Reuters. US gold futures fell by 0.2% to $3,328.10. Meanwhile, the Pakistani rupee recorded a slight gain against the US dollar in the inter-bank market on Wednesday, appreciating by 0.02%. By the end of trading, the local currency closed at 283.72, up by five paisa from Tuesday's close at 283.77. Govt raises Rs467b via T-bills, bonds To support its financing needs, the government raised a total of Rs466.67 billion through auctions of Market Treasury Bills (MTBs) and Pakistan Investment Bonds – Floating Rate (PFL) on Wednesday, according to the State Bank of Pakistan (SBP). In the MTBs auction, the SBP raised Rs322.59 billion across four tenors. The breakdown includes Rs14.02 billion from one-month bills, Rs95.89 billion from three-month bills, Rs64.18 billion from six-month bills and Rs148.50 billion from 12-month bills. The auction saw competitive and non-competitive bids, with the total realised value slightly lower than the face value due to discount pricing. For 10-year PFL, the SBP raised Rs144.08 billion, which includes Rs142.80 billion from competitive bids and Rs1.28 billion in accrued interest. The bonds were issued at a cut-off price of Rs95.1982 million, with an additional Rs5.55 billion accepted through non-competitive bids. The auctions reflect strong market participation, with the MTBs contributing the majority (69%) of the total funds raised, while the PFL accounted for the remaining 31%.
Business Recorder
23-06-2025
- Business
- Business Recorder
Gold price per tola falls Rs300 in Pakistan
Gold prices in Pakistan again decreased on Monday in line with their fall in the international market. In the local market, gold price per tola reached Rs358,165 after a gain of Rs300 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs307,068 after it declined Rs257. On Saturday, gold price per tola reached Rs358,465 after a gain of Rs1,465 during the day. The international rate of gold also decreased today. The rate was at $3,366 per ounce (with a premium of $20), a fall of $3, as per APGJSA. Meanwhile, silver price per tola increased by Rs14 to reach Rs3,799.
The Star
30-05-2025
- Entertainment
- The Star
Eric Tsang, Chin Ka-lok & more to hold concert in Genting Highlands on July 19
Hong Kong actors Eric Tsang (left), Chin Ka-lok and more are set to perform in Genting Highlands on July 19. Photos: China Press, Chin Ka-lok/Instagram Hong Kong variety show Super Trio is celebrating its 30th anniversary with a special live concert on July 19 at the Arena of Stars, Resorts World Genting. Leading the milestone event is none other than the show's original host Eric Tsang, who will also be joined on stage by fellow actors Chin Ka-lok, Louis Yuen, Mayanne Mak and Kirby Lam. Fans can look forward to a night filled with laughter, nostalgia and surprises as the cast brings back some of the show's most memorable game segments, alongside exciting new ones. Attendees also stand a chance at receiving exclusive 30th anniversary memorabilia to commemorate the occasion. Since its debut in 1995, Super Trio quickly rose to become one of the most beloved variety programmes in both Malaysia and Hong Kong. The show initially ended its run with the airing of the final episode on Jan 12, 2014, but was revived eight years later in 2022 with the new series Super Trio Returns . Tickets for Wow! Super! Happy 30 Years, priced between RM388 and RM1,068, are now available for GRC Gold Members and above, as well as Visa cardholders. Public sale will be available via on from June 3, noon onwards.
