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Trump claims ‘powerful mandate’ after Fox News projects he has won US presidency

REUTERS

 – Republican Donald Trump claimed victory in the 2024 presidential contest after Fox News projected that he had defeated Democrat Kamala Harris, which would cap a stunning political comeback four years after he left the White House.

“America has given us an unprecedented and powerful mandate,” he said early on Wednesday to a roaring crowd of supporters at the Palm Beach County Convention Center, flanked by his vice presidential running mate, Senator JD Vance, Republican leaders and members of Mr. Trump’s family.

He also spent several minutes praising Elon Musk, the richest man in the world, who pumped some $120 million into backing Mr. Trump’s campaign. Mr. Trump has said he will appoint Mr. Musk to lead a government efficiency commission.

Other news outlets had yet to call the race for Mr. Trump, but he appeared on the verge of winning after capturing the battleground states of Pennsylvania, North Carolina and Georgia and holding leads in the other four, according to Edison Research.

Ms. Harris did not speak to her supporters, who had gathered at her alma mater Howard University. Her campaign co-chair, Cedric Richmond, briefly addressed the crowd after midnight, saying Ms. Harris would speak publicly on Wednesday.

“We still have votes to count,” he said.

The former president was showing strength across broad swaths of the country, improving on his 2020 performance everywhere from rural areas to urban centers.

Republicans won a U.S. Senate majority after flipping Democratic seats in West Virginia and Ohio. Neither party appeared to have an edge in the fight for control of the House of Representatives where Republicans currently hold a narrow majority.

Mr. Trump went into Election Day with a 50-50 chance of reclaiming the White House, a remarkable turnaround from Jan. 6, 2021, when many pundits pronounced his political career to be over. That day, a mob of his supporters stormed Congress in a violent attempt to overturn the results of the 2020 election.

Mr. Trump picked up more support from Hispanics, traditionally Democratic voters, and among lower-income households that have keenly felt the sting of price rises since the last presidential election in 2020, according to exit polls from Edison.

Mr. Trump won 45% of Hispanic voters nationwide, trailing Harris with 53% but up 13 percentage points from 2020.

About 31% of voters said the economy was their top issue, and they voted for Mr. Trump by a 79%-to-20% margin, according to exit polls. Some 45% of voters across the country said their family’s financial situation was worse off today than four years ago, and they favored Trump 80% to 17%.

Global investors were increasingly pricing in a Mr. Trump win late on Tuesday. U.S. stock futures and the dollar pushed higher, while Treasury yields climbed and bitcoin rose – all flagged by analysts and investors as trades that favor a Trump victory.

No matter who won the election, history was in the making. Mr. Trump, 78, the only president to be impeached twice and the first former president to be criminally convicted, would also become the first president to win non-consecutive terms in more than a century and would be the oldest presidential candidate ever elected.

If elected, Ms. Harris, 60, the first female vice president, would become the first woman, Black woman and South Asian American to win the presidency.

 

TRUMP OUTPERFORMS 2020

Mr. Trump was earning a bigger share of the vote than he did four years ago in nearly every corner of the country.

By 12:30 a.m. ET, officials had nearly completed their count of ballots in more than 1,600 counties – about half the country – and Mr. Trump’s share was up about 2 percentage points compared to 2020, reflecting a broad if not especially deep shift in Americans’ support for the president they ousted four years ago.

He improved his numbers in suburban counties, rural regions and even some large cities that are historically bastions of Democratic support; in high-income counties and low-income ones; and in places where unemployment was comparatively high and in places where it is now at record lows.

Ms. Harris had banked on big margins among urban and suburban voters, but her support in those places was running well behind President Joe Biden’s in the 2020 election.

Nearly three-quarters of voters said American democracy is under threat, according to the exit polls, underscoring the depth of polarization in a nation where divisions have only grown starker during a fiercely competitive race.

Mr. Trump employed increasingly apocalyptic rhetoric while stoking unfounded fears that the election system cannot be trusted. Ms. Harris warned that a second Mr. Trump term would threaten the underpinnings of American democracy.

Hours before polls closed, Mr. Trump claimed on his Truth Social site without evidence that there was “a lot of talk about massive CHEATING” in Philadelphia, echoing his false claims in 2020 that fraud had occurred in large, Democratic-dominated cities. In a subsequent post, he also asserted there was fraud in Detroit.

“I don’t respond to nonsense,” Detroit City Clerk Janice Winfrey told Reuters.

A Philadelphia city commissioner, Seth Bluestein, replied on X, “There is absolutely no truth to this allegation.”

Mr. Trump voted earlier near his home in Palm Beach, Florida.

“If I lose an election, if it’s a fair election, I’m gonna be the first one to acknowledge it,” Mr. Trump told reporters.

Millions of Americans waited in orderly lines to cast ballots, with only sporadic disruptions reported across a handful of states, including several non-credible bomb threats that the FBI said appeared to originate from Russian email domains.

Tuesday’s vote capped a dizzying race churned by unprecedented events, including two assassination attempts against Mr. Trump, Mr. Biden’s surprise withdrawal and Ms. Harris’ rapid rise. – Reuters

Commodities under pressure on likely Trump win in US presidential race

MODELS of oil barrels and a pump jack are displayed in this illustration photo taken on Feb. 24, 2022. — REUTERS

SINGAPORE — Commodities from oil to metals and grains slid on Wednesday as the dollar strengthened, with investors increasingly pricing in that Donald Trump will win the U.S. presidential election. 

Trump has won the 270 electoral votes needed to claim victory over challenger Kamala Harris, according to Fox News, but other news organizations have yet to declare him the winner though he remains in the lead. 

Oil and soybean prices fell about 1.5%, while copper dropped more than 2% in Asian trade on pressure from the U.S. dollar rally. Precious metals, including gold held steady.

“This is the initial response in commodities markets to U.S. vote counting and early results favouring Trump victory,” Ole Hansen, head of commodity strategy at Saxo Bank, told Reuters.

“The main focus is that if we will see a Trump 2.0 scenario, we are likely to see tariffs on Chinese goods, which is negative for metals with China being the big consumer of copper, iron ore and steel. Oil is down on worries over economic growth as tariffs are not good for overall global demand,” he said.

China’s industrial metals and steel industries could face headwinds if Trump returns to office. Trump has pledged to impose blanket 60% tariffs on Chinese goods to boost U.S. manufacturing.

“China’s steel prices will undertake more downward pressure if Trump wins the election, and domestic steelmakers may face even more severe losses,” said Ge Xin, deputy director at Lange Steel Research Centre. 

“This is because Trump will be more aggressive in terms of measures against China.”

Global oil supplies could face disruptions if a Trump administration tightens sanctions on oil shipments from Iran, which exports about 1.3 million barrels per day. 

“And Trump may support Israel adopting a tougher military posture against Iran which portends higher near-term risk of a military escalation that might impact supply in the region, said Saul Kavonic, senior energy analyst at MST Marquee.

For agriculture, Beijing may be compelled to respond with retaliatory tariffs on U.S. soybeans if Trump wins and imposes new tariffs on Chinese goods.

While Beijing has reduced its reliance on U.S. soybean imports, the oilseed remains the largest U.S. agricultural export to China.

Spot gold held its ground after hitting a record high of $2,790.15 last Thursday. Gold is considered a hedge against geopolitical and economic uncertainties and tends to thrive in a low-interest-rate environment.

The Federal Reserve starts a two-day monetary policy meeting on Wednesday and is expected to deliver another 25-basis-point rate cut, but a Trump win could complicate the U.S. rate outlook.

“While money markets fully back a 25bp cut – and one seems likely this week – they likely won’t want to deliver a dovish message with any cut, given Trump’s policies are deemed inflationary,” said Matt Simpson, senior analyst at City Index.

“And that could dent gold over the near-term, although I suspect any pullback is likely to remain shallow as gold will retain its safe-haven flows in the early days of a Trump presidency.” — Reuters

Global Dominion dominates with P1 billion of loans released in a month

By Aian Guanzon

Leading Philippine financing company, Global Dominion achieves yet another remarkable milestone in its recent loan releases that reached P1 billion in just one month (October 2024). This beats its former record of P980 million.

“We’ve only just begun,” said its President & Managing Director Patricia Poco-Palacios. With more than 116 branches and marketing offices nationwide, Global Dominion aims to be of service to more Filipinos through its accessible and innovative loan products and services.

Chairman Ruben Y. Lugtu II uttered his appreciation to the company’s employees which he calls “the key to Global Dominion’s success.” The financing business has more than 1,700 employees as of this writing.

“Superb!” exclaimed Robert B. Jordan, Jr., CEO & vice-chairman, when asked about the company’s latest achievement. He explained that more milestones are to come given the team’s efforts to expand its new divisions dedicated to branches, car financing, truck financing, real estate mortgage loans, and real estate financing.

This lending company, which started in 2003, appears to be unstoppable from making it to the top among other industry players. With its aggressive growth, there is no doubt that it will truly live by its battle cry for the upcoming year, “DOMINATE!”

“Global Dominion is a place where people are empowered to make decisions, take ownership of their work, and feel genuinely valued for their contributions,” said Samuel Carino, DCOO and branch division general manager. “It’s a space where everyone feels safe to share ideas, concerns, and opinions without fear of judgment, embraces trial-and-learn approaches to innovation, and receives constructive feedback that drives continuous improvement,” he added — all when asked about the team’s secret to success.

Know more about Global Dominion’s vehicle mortgage loan, vehicle financing, real estate mortgage loan, real estate financing, and doctors’ loan through gdfi.com.ph.

 


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Pag-IBIG Fund’s assets breached P1 trillion

Pag-IBIG Fund reached new heights as the agency breached the P1-trillion mark in Total Net Assets in August 2024, reflecting a 14% growth versus September last year. The growth is largely driven by higher net revenues, increased member savings, and strategic management of its investment portfolios, top officials announced.

“We have just celebrated the National Shelter Month and we are proud to share that Pag-IBIG Fund has breached the P1-trillion mark in assets. This serves as a testament to our commitment of fulfilling our mandate. Not only can we assure that our members’ fund is prudently managed, it also means that we are ready and able to finance our Filipino workers’ dream of home ownership. This remains consistent with the directive of President Ferdinand R. Marcos, Jr. to provide quality and accessible social benefits to our countrymen,” said Secretary Jose Rizalino L. Acuzar of the Department of Human Settlements and Urban Development (DHSUD), who serves as chairperson of the 11-member Pag-IBIG Fund Board of Trustees.

As of the end of September 2024, Pag-IBIG Fund’s fiscal performance continues to grow, recording a Total Net Assets of P1.02 trillion – a P125.74 billion increase compared to September last year. The agency’s gross income reached P62.09 billion, while net revenues amounted to P39.54 billion – higher by 17% compared to P33.66 billion in September 2023.

Member savings as of the third quarter of 2024 amounted to P98.72 billion, an increase of 48% from P66.73 billion collected within the same period last year. This double-digit growth was due to the increase in both the Pag-IBIG Regular Savings and Pag-IBIG MP2 Savings.

Buoyed by the implementation of the Maximum Fund Salary (MFS) increase early this year, total collections for the Pag-IBIG Regular Savings amounted to P49.86 billion as of September 2024, while MP2 voluntary savers remitted P48.86 billion collectively, a year-on-year increase of 58% and 39%, respectively.

The agency also reported a net unrealized gain of P320 million, a reversal from the P2.28 billion net unrealized loss in September 2023. This movement is attributed to improved market valuations of investments measured at fair value through other comprehensive income, further strengthening the agency’s financial position.

Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta remarked that members will benefit the most from the agency’s strong performance.

“Ang panalo po dito ay ating mga miyembro. With our strong fiscal standing, we continue to provide our members with the best benefits and programs, to help them prepare and secure a better future, not just for themselves, but also for their families. They are assured that the money that they entrust with us is not just well accounted for but continues to grow. We remain steadfast in our commitment to help improve the lives of the Filipino workers,” Acosta said.

Acosta emphasized that the growth in Pag-IBIG Savings does not only translate to available funds for the members but also helps the Philippine economy grow.

“As a money multiplier, every P100 saved by members and employers in Pag-IBIG Fund can potentially help generate P1,800 in the economy through future loans and infusion of cash into the economy. Of course, this can be easily achieved if our members and partner-developers continue to avail of our housing loan, development loan, and cash loan programs. For those whose loans have already been approved, on-time repayment is also important so that we can continue the financial cycle. In the end, whatever revenues that Pag-IBIG generates, it will still benefit our members through the crediting of dividends,” she added.

Aside from showcasing proper fiscal management through its exponential growth in assets and revenues, the Commission on Audit also rendered an unmodified opinion on the fairness of the presentation of Pag-IBIG Fund’s 2023 financial statements, in accordance with applicable financial reporting frameworks. It is the 12th consecutive unqualified/unmodified opinion, which the Fund has received from the commission, since 2012.

 


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Democrat Sarah McBride becomes first openly transgender member of US Congress

Photo source: https://www.sarahmcbride.com/

 – Democrat Sarah McBride became the first openly transgender person elected to the U.S. House of Representatives, Edison Research projected on Tuesday, winning election to Delaware’s at-large seat.

Ms. McBride, a 34-year-old state senator, won a competitive primary for Delaware’s at-large congressional district, considered safely Democratic, in September.

She became the first openly transgender person to serve as a state senator when she was elected in 2020, first to speak at a U.S. national political party convention in 2016, and first to intern at the White House in 2012, under Democratic former President Barack Obama.

In an interview with Reuters ahead of her election, Ms. McBride sought to focus instead on the issues she would prioritize, rather than the history-making nature of her candidacy.

“Whenever you are first, you often have to try to be the best version that you can,” she said, acknowledging that comes with “added responsibilities.”

“But none of them matter if I don’t fulfill the responsibility of just being the best member of Congress that I can be for Delaware,” she said.

Lawmakers in 37 U.S. states introduced at least 142 bills to restrict gender-affirming healthcare for trans and gender-expansive people in 2023, Reuters reported, nearly three times as many as the previous year.

In Congress, Republicans have pushed anti-trans bills at the national level for years.

Ms. McBride grew up in Wilmington, Delaware, and came out in 2011 after years of knowing she was trans.

She became involved in politics in part to create a more inclusive environment.

Asked what message young transgender Americans should take from her expected election, Ms. McBride said, “Anyone who worries that the heart of this country is not big enough to love them should know that they belong … Our democracy is big enough for all of us.” – Reuters

Smart holds ‘unbox the future’ event at iPhone 16 midnight launch

Kyline Alcantara and Kobe Paras take their first selfie using the #PowerfullySmart newest iPhone 16 devices.

Subscribers of Smart Communications, Inc. (Smart) were able to “unbox the future” during the midnight launch of the new iPhone 16 Series, held recently at the Smart Store in SM Megamall, Mandaluyong City.

The event was graced by local stars Kyline Alcantara and basketball player Kobe Paras.

The basketball star was particularly excited to try the iPhone 16’s new camera settings. “I love taking pictures, so I decided to see how clear and how improved the camera is,” he shared. The new flagship iPhones can now capture more moments than its predecessors because of its advanced Photographic Styles, Camera Control, and Zero Shutter Lag.

Kyline, meanwhile, is a fan of iPhone 16 series’ battery life.

“I always forget to charge my phone so having a long battery life will be helpful for me,” the actress said. According to Apple, each iPhone 16 model will charge to around 50% in just under 30 minutes.

First 16 owners of the new iPhones

SMART unveiled the iPhone 16 series during a recent midnight launch with Senior Vice President for Consumer Wireless Business Kristine Go (third from left), actress Kyline Alcantara, and basketball star Kobe Paras.

Meanwhile, Smart rewarded the first 16 subscribers who availed of the new iPhone 16 handsets with P3,000 worth of vouchers and phone accessories from Smart at the midnight launch.

“I’ve been with Smart for 10 years,” shared Maylu Mallari, one of the telco’s first 16 iPhone 16 customers. “This is really the Smart choice!”

Filled with fun and games, the event kickstarted with DJ Ish’s party beats, followed by the performance of singer-songwriter Reneé Dominique. The launch also encouraged customers to donate their old devices for recycling at the in-store bin. Sixteen iPads were also given away to lucky Smart subscribers who attended the midnight launch.

“Smart is making it easier for subscribers to get their new iPhone 16 and iPhone 16 Pro. You may try to compare our offers to that of others, and I can guarantee that we have the best offers,” said Kristine Go, Senior Vice President for Smart Consumer Wireless Business.

She added, “New Postpaid subscribers can upgrade to the latest iPhone with a low downpayment under Plans+ 999 for only P1,300 monthly. If you’re on Smart Prepaid, this is the perfect time to upgrade to iPhone 16 because Smart offers it for as low as P2,313 monthly for 24 months at absolutely zero percent interest.”

Available on Postpaid, Infinity, and Prepaid 

For those who are looking for the best iPhone16 deals, Smart offers the following options from Smart Postpaid, Smart Infinity, and Smart Prepaid.

New Smart Postpaid subscribers can avail of the iPhone 16 Series starting at Smart Postpaid Plans+ 999 with a low downpayment of P21,000 and a monthly amortization of only P1,300 under a 24-month contract.

Recontracting Smart Postpaid subscribers can get an iPhone 16 (128GB) with Smart Postpaid Plans+ 999 for only P2,121 per month for 24 months — without cashout. The device is also available for an even lower monthly amortization of P1,697 (subject to credit approval) on a 30-month contract. The plans come with UNLI 5G for 12 months, 20 GB of open access data, Netflix mobile subscription, Unlimited Texts, Calls to Mobile and Landline, and exclusive Smart Perks from select restaurants, shopping, beauty and travel partners.

On the other hand, Smart Infinity members may get the iPhone 16 Pro or iPhone16 Pro Max with their Infinity Plans, which comes with Unlimited Data, Texts & Calls, Data Roaming Packs, and Monthly Consumable Allocation plus a suite of exclusive privileges tailored to their premium lifestyle. Smart Infinity Plan 5000 and Plan 8000 members enjoy access to an Infinity Relationship Manager that handles all their account-related concerns, as well as 24/7 access to an Infinity Concierge, a dedicated hotline for round-the-clock mobile assistance and access to exclusive lifestyle events.

For customers who wish to purchase just the device, they may get the iPhone 16 handsets with Smart Prepaid for as low as P2,313 per month for 24 months at 0% monthly installment and with a Smart Prepaid bundle — FREE Smart Prepaid eSIM and FREE 16 GB data valid for 16 days. On the other hand, Home Credit users may pay for up to 15, 18, and 24 months for as low as P2,979 per month to get the latest iPhone from Smart.

Smart now offers a wide range of payment options in Smart Stores nationwide through partner banks and financing institutions. BDO, BPI, Metrobank credit card users can conveniently enjoy up to 12 months installment, while RCBC, Security Bank, and UnionBank credit card users can enjoy 12-month or 24-month installment options on their iPhone purchase with Smart. Home Credit representatives are also ready to accept device financing with flexible terms in select Smart Stores.

The latest iPhones are powered by Smart’s superior 5G mobile network, recently recognized for delivering the Philippines’ Best 5G Coverage Experience by independent network analytics from Opensignal.

For more updates, follow Smart’s pages on Facebook, Instagram, TikTok, X, and YouTube.

 


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Republicans pick up one seat in battle for US Senate; House control also at stake

By United_States_Capitol_-_west_front.jpg: Architect of the Capitolderivative work: O.J. - United_States_Capitol_-_west_front.jpg, Public Domain, https://commons.wikimedia.org/w/index.php?curid=17800708

 – Republicans took a step toward winning control of the U.S. Senate with a victory in West Virginia on Tuesday, while neither party appeared to have an edge in the battle for the House of Representatives.

With both chambers of Congress at stake, the results will determine how successfully the next president – Republican Donald Trump or Democrat Kamala Harris – will be able to govern over the next two years, before all House seats will again be up for grabs.

Republican Jim Justice was projected to win an open Senate seat in West Virginia shortly after polls closed, which would put the party at 50-50 parity with Democrats in the 100-seat chamber. The seat was previously held by Joe Manchin, a Democrat-turned-independent.

Republicans picked up one House seat in North Carolina, where Addison McDowell added to their razor-thin majority in that chamber. Voters made history in Delaware, where they elected Democrat Sarah McBride as the first openly transgender member of Congress.

The balance of power could change over the course of the night as other results come in.

Nonpartisan analysts say Republicans stand a good chance of taking back the Senate, where Democrats currently hold a 51-49 majority. But Republicans could also lose their grip on the House, where Democrats only need to pick up four seats to take back control of the 435-seat chamber.

As in the presidential election, the outcome will likely be determined by a small slice of voters. The battle for the Senate hinges on seven contests, while fewer than 40 House races are seen as truly competitive.

Democrats are playing defense as they try to retain their hold on the Senate, whose members serve six-year terms. Republicans only need to gain two seats to win control of the chamber, and Justice’s victory in West Virginia got them halfway there.

Republicans could secure their majority with a victory in Ohio, where challenger Bernie Moreno held a 51% to 47% lead over incumbent Democrat Sherrod Brown, with 58% of the vote counted. Republicans also have spent heavily to win Montana, where Democrat Jon Tester faces a tough reelection battle.

Republicans stand a chance to widen their Senate majority further if they win races in several competitive Midwestern states. That would allow them to block many of Ms. Harris’ initiatives and personnel appointments if she were to win the White House, or help Mr. Trump deliver on his promised tax cuts if he wins. But they are unlikely to end up with the 60-vote majority needed to advance most legislation in the chamber.

In Nebraska, Republican Senator Deb Fischer faces a surprisingly strong challenge from an independent candidate, Dan Osborn, who has not said whether he would line up with Democrats in the Senate if he were to win.

The Senate was set to see two Black women serving simultaneously for the first time, as several media outlets projected Democrat Angela Alsobrooks would win in Maryland, and Democrat Lisa Blunt Rochester won in Delaware.

 

HOUSE UP FOR GRABS

The picture is less clear in the House, where Republicans hold a narrow 220-212 majority. Analysts say Democrats could easily pick up enough seats to win control of the chamber, though there are no signs of a “wave” election, akin to 2018 or 2010, that would result in a decisive shift in power.

With at least 200 seats safe for each party, the winning side will likely end up with a narrow majority that could make governing difficult. That has been evident in the past two years as Republican infighting has led to failed votes and leadership turmoil and undercut the party’s efforts to cut spending and tighten immigration.

Tight races in the heavily Democratic states of New York and California could determine House control, though the final outcome may not be known for several days as California typically takes several days to count its ballots. – Reuters

Early takeaways from the US presidential election

REPUBLICAN presidential nominee, former US President Donald Trump and Democratic presidential nominee, US Vice-President Kamala Harris shake hands as they arrive at their podiums to attend a presidential debate hosted by ABC in Philadelphia, Pennsylvania, US, Sept. 10, 2024. — REUTERS

The fight between Democrat Kamala Harris and Republican Donald Trump is expected to stay tight as results roll in Tuesday night, with a victor in the U.S. presidential election perhaps not emerging until Wednesday or even later in the week.

Here are some takeaways as polls close across the country and votes are tabulated:

 

VOTERS OF COLOR

The Trump campaign put a great deal of effort into persuading Black and Latino voters to defect from the Democratic Party – and there were some early indications those efforts were paying off.

That was most notable in the battleground state of North Carolina, where exit polls showed Mr. Trump boosting his share of the Black vote to 12%, from 5% in 2020. He garnered the support of 20% of Black male voters, the poll said.

But a potential problem for Mr. Trump in the state was that his support among white voters was five percentage points less than in exit polls four years ago.

In Pennsylvania, perhaps the most coveted state by both sides, Trump’s support among white voters dropped three percentage points compared to four years ago, Edison said – and he was down four among white male voters.

According to the Edison national poll, Mr. Trump’s support among Latino voters jumped 18% from four years ago, a notable figure in an election where many of the other voting cohorts appear so far to be relatively static from 2020.

Even so, white voters were on pace to comprise a larger share of the electorate than four years ago.

According to preliminary results from the national exit poll conducted by Edison, 71% of voters nationwide were white, compared with 67% in Edison’s 2020 exit poll.

 

GENDER GAP

Ms. Harris’ campaign was looking to exploit a large gender gap in the electorate, with the hope that legions of women voters would flock to the vice president because of issues such as abortion rights.

But so far, Mr. Trump seemed to be holding onto the support of at least white women voters, according to exit polls. Black women overwhelmingly supported Ms. Harris.

In Pennsylvania, Mr. Trump was maintaining close to the same level of support among white women voters that he enjoyed in 2020. That was also true in Georgia.

North Carolina, on the other hand, showed some real potential erosion for Mr. Trump. He dropped eight points among white women compared with four years ago, Edison said.

Mr. Trump’s campaign, conversely, paid significant attention to pulling in male voters, particularly young men, through social media, sports, podcasts and online gaming.

Early national exits (with many polling places across the country still open) showed Harris picking up less support among women – 54% – than Mr. Biden did in 2020 when he gained 57%.

That poll showed Mr. Trump slightly edging Ms. Harris among men between the ages of 18 and 44 and beating her solidly with men 45 and up. – Reuters

OPM stars get into the fiesta spirit at Puregold’s MassKaravan and Concert in Bacolod

The Puregold Sari-Sari Store Masskaravan and Concert was held in the Bacolod City Government Center. The panalo stories of the musicians, the fans, and Puregold itself came together to create a night not to be forgotten by any who attended.

Hip-hop icons Skusta Clee and Flow G were joined by PPop megastars SB19 to bring the panalo spirit to Puregold’s Sari-Sari Store MassKaravan and Concert in Bacolod. The event was Puregold’s own attraction at the annual MassKara Festival, which draws thousands of revelers from all over the country to the city of Bacolod. Over 150,000 people came out to celebrate with Puregold and their fantastic musical guests.

Puregold’s Sari-Sari Store MassKaravan and Concert further intensified the vibrant colors and festive moods at the annual festival. Held at the Bacolod City Government Center, the concert attracted loyal Puregold members and fans of local music, who came out in droves to enjoy the intricate rhythm of Skusta and Flow G, as well as the smooth dances and harmonies of SB19. Attendees also got to enjoy performances from opening acts Project Juan and Esay.

The first 2,000 to register for the concert received a free lot bag containing P300 worth of groceries to take home after the concert.

“Puregold has taken major strides in uplifting the voices of our local music talents,” shares Puregold President Vincent Co. “We’re proud to bring these talents to one of our country’s most spirited festivals–MassKara in Bacolod. Our sincere thanks to all who came out to enjoy the concert.”

The revelry was at an all time high as hordes of fans were over the moon, watching their favorite musicians live and up close at the Bacolod City Government Center. Loyal A’TINs such as Chariz and Katrina were likewise overwhelmed at the chance to see their favorities perform. Chariz happily stated that she didn’t have a personal favorite because “Lahat po idol ng anak ko!” Meanwhile, Katrina sent a special message to her bias Stell: “Good luck and good job! Hoping you grow as an individual but also as a group.”

Fans like Apple were also thrilled to see rap icons like Flow G. It’s clear that the rapper has left a positive impact on Apple who proudly proclaimed, “Idol! Nakaka-inspire!”

While the concert was open to the public, Puregold kept their loyal members in mind for this major musical event. VIP and VVIP tickets that offered seated views of the concert were sold at select Puregold stories in Bacolod and Iloilo on October 5. This was Puregold’s way of giving back to everyday Puregold members that wanted the very best of the concert experience.

Furthermore, several lucky winners also claimed VIP passes given away by Puregold’s partner brands that had booths set up at the concert venue. Even more giveaways awaited Perks and Aling Puring members, as well. The first 2,000 to register for the concert received a free loot bag containing P300 worth of groceries to take home after the concert.

Over 150,000 people came out to celebrate the festival with Puregold and their fantastic musical guests.

With the lively music, giveaways and promos, revelers at Puregold’s Sari-Sari Store MassKaravan and Concert felt a real sense of Pinoy celebration. The panalo stories of the musicians, the fans, and Puregold itself came together to create a night to remember for everyone that attended.

For the latest updates on promos and events, subscribe to Puregold’s YouTube channel, follow @puregold.shopping on Facebook, and check out @puregold_ph on Instagram, Twitter, and TikTok.

 


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US official sees little voting disruption tied to foreign interference

STOCK PHOTO | Image from Pixabay

 – A senior U.S. cyber official on Tuesday said her agency had not seen any major incidents reflecting foreign interference in Tuesday’s presidential election despite a steady stream of disinformation aimed at disrupting the vote throughout Election Day.

As of early evening, there was little evidence of significant disruption to election infrastructure, Cait Conley, a senior official at the Cybersecurity and Infrastructure Security Agency, told reporters.

“At this point, we are not currently tracking any national-level significant incidents impacting security of our election infrastructure,” said Ms. Conley, whose agency is responsible for protecting critical American infrastructure, including election infrastructure, which can include voter databases, tabulators and vote counting software.

Earlier Tuesday, the FBI warned Americans about three new fake videos that used its name and insignia to promote false information about the vote, the latest in a string of disinformation that officials expect will intensify, especially if uncertainty over the winner lingers past Election Day.

One fabricated video purporting to be from the federal law enforcement agency falsely cited a high terror threat and urged Americans to “vote remotely,” while another video includes a fake press release alleging to be from the agency and claiming rigged voting among inmates in five prisons. The third fake video claimed the FBI had received 9,000 complaints about malfunctioning voting machines.

All are inauthentic, the Federal Bureau of Investigation said in a statement.

Hoax bomb threats also hit a series of polling locations in three battleground states, the bureau said later Tuesday.

“None of the threats have been determined to be credible thus far,” the FBI said. At least two polling sites targeted by the hoax bomb threats in Georgia were briefly evacuated on Tuesday. Republican Georgia Secretary of State Brad Raffensperger blamed Russian interference for the Election Day bomb hoaxes.

“They’re up to mischief, it seems. They don’t want us to have a smooth, fair and accurate election, and if they can get us to fight among ourselves, they can count that as a victory,” Mr. Raffensperger told reporters.

The Russian Embassy in Washington said the allegations were “baseless” and that Russia does not “interfere in the internal affairs of other countries.”

U.S. intelligence agencies last week blamed Russia for a false video purporting to show a Haitian immigrant claiming to have voted multiple times in the U.S. state of Georgia. Over the weekend, the FBI warned about several other fake videos.

Later on Tuesday, a video posted to the X social media platform — purporting to show a Wisconsin voter for former President Donald Trump being assaulted by a supporter of Vice President Kamala Harris — was also likely Russian disinformation, a professor tracking the activity said. It had been viewed more than 30,000 times.

X has since restricted the account that posted the video, warning users of unusual activity from the account, but the video remains online.

Most of the obstacles voters faced tended to be more prosaic: long lines, paper jams, and power outages.

Slow-updating computer software delayed voters in Louisville, Kentucky, a local official told Reuters. In rural Pennsylvania, a computer software glitch meant some ballots could not be immediately tabulated, officials there said.

In St. Clair County in Alabama, some ballots had to be reprinted after officials discovered some were missing local and state amendment questions, the county said on its website.

Ms. Conley urged Americans to stay on guard as the vote counting got underway.

“We do have foreign adversaries with two objectives, one to undermine the American people’s confidence in our democratic institutions, and the second to sow partisan discord,” said Conley. “And so we should expect to continue to see narratives around those types of objectives, both today and in the days and weeks to come.” – Reuters

US will continue Taiwan-friendly approach after election, senior Taiwan official says

Kevin Harber/Flickr/CC BY-NC-ND 2.0

 – The United States will continue its friendly approach towards Taiwan after the presidential election and Taiwan will work to prevent China “making trouble” during the transition, a senior Taiwanese security official said on Wednesday.

Donald Trump, the Republican candidate for the U.S. presidency and neck and neck in the polls with Democrat Vice President Kamala Harris, has made comments on the campaign trail that Taiwan should pay to be protected and also accused the island of stealing American semiconductor business.

Democratically-governed Taiwan, which China views as its own territory, has faced a sustained military pressure campaign from Beijing over the past five years, including four major rounds of war games in the past two years.

Speaking to reporters in parliament, Taiwan National Security Bureau Director-General Tsai Ming-yen noted the election’s outcome was still unknown.

“On relations across the Taiwan Strait we believe that the United States will continue its current approach of constraining China and being friendly to Taiwan,” he said.

Taiwan will continue communication with the current administration focusing on key issues for cooperation “in the next phase” and work with international partners to exchange information on China’s intentions and military movements during the transition, Tsai added.

“This is as to prevent the Chinese communists from taking advantage of the transition of the U.S. government and to prevent them from making trouble during the transition,” he said.

China’s Taiwan Affairs Office did not immediately respond to request for comment.

Also speaking to media at parliament, Taiwan Economy Minister Kuo Jyh-huei said the government was paying great attention to the election and making preparations no matter who won.

However, Taiwan-U.S. economic ties are deep and won’t be easy to change and the impact on the economy will be small irrespective of who the next president is, he added.

Taiwan’s government rejects China’s sovereignty claims, saying only the island’s people can decide their future.

The United States is Taiwan’s most important international backer and arms supplier, even in the absence of formal diplomatic ties. – Reuters

Inflation picks up to 2.3% in October

INFLATION quickened to 2.3% in October. — PHILIPPINE STAR/EDD GUMBAN

By Luisa Maria Jacinta C. Jocson, Reporter

HEADLINE INFLATION picked up to 2.3% in October amid higher food prices, particularly rice, the Philippine Statistics Authority (PSA) reported on Tuesday.

Last month’s consumer price index (CPI) was faster than 1.9% in September but slower than 4.9% a year ago.

The October print was within the Bangko Sentral ng Pilipinas’ (BSP) 2%-2.8% forecast for the month but slightly below the 2.4% median estimate in a BusinessWorld poll of 11 analysts last week.

Inflation rates in the Philippines

Headline inflation averaged 3.3% in the first 10 months, within the BSP’s 2-4% target, giving the BSP more room to continue its easing cycle.

The BSP expects inflation to average 3.1% for the full year.

“The Monetary Board will maintain a measured approach in its easing cycle to ensure price stability conducive to sustainable economic growth and employment,” the BSP said in a statement.

Core inflation, which excludes volatile prices of food and fuel, was steady at 2.4% in October. Core inflation averaged 3.1% in the January-October period.

The heavily weighted food and nonalcoholic beverages index was the main source of faster inflation during the month, National Statistician Claire Dennis S. Mapa said.

The index accelerated to 2.9% in October from 1.4% a month ago but eased from 7% a year earlier. It also accounted for a 95.4% share in the uptrend in inflation and nearly half (46.9%) to the overall inflation rate in October.

Cereals and cereal products, which include rice, spiked to 7.5% in October from 4.9% a month prior but eased from 10.8% in October 2023.

Rice inflation jumped to 9.6% in October from 5.7% a month ago. The staple grain contributed 30.8% or 0.7 percentage point (ppt) to inflation during the month.

Mr. Mapa said base effects drove up rice inflation year on year. A price ceiling on rice was implemented last year.

However, he noted that despite the pickup in rice inflation, the price of the key commodity has been declining on a month-on-month basis amid the recent tariff cut on rice imports.

PSA data showed that the average price of regular milled rice dropped to P50.22 per kilo in October from P50.47 in September; well-milled rice declined to P55.28 per kilo from P55.51; and special rice decreased to P60.97 per kilo from P64.05.

“The expectation is that it peaked already, this is just a blip. We expect that it will go down again, the inflation rate and price level per kilo in the coming months,” Mr. Mapa said.

The executive order that slashed tariffs on rice imports to 15% from 35% until 2028 took effect in July.

“The slight uptick in our October inflation rate was mainly caused by temporary factors, such as weather disturbances like Severe Tropical Storm Kristine and Super Typhoon Leon,” Finance Secretary Ralph G. Recto said.

Latest data from the Agriculture department showed that agricultural damage due to Severe Tropical Storm Kristine stood at P6.2 billion, equivalent to 283,528 metric tons (MT) of volume loss.

The vegetables, tubers, plantains, cooking bananas and pulses index saw a slower decline to 9.2% in October from the 15.8% contraction in September.

“We saw prices, especially specific items, for example, talong (eggplant) had a double-digit increase. The expectation is that this November, maybe the first two weeks, we will still see rising vegetable prices. Normally we see that after a typhoon, but that normalizes after,” Mr. Mapa said.

Slower annual inflation was also seen for fish and other seafood (-0.4% in October from -1.2% in September).

“Also contributing to the uptrend was transport with a slower year-on-year decrease of 2.1% during the month from a 2.4% annual drop in September 2024,” the PSA said.

For October, pump price adjustments stood at a net increase of P2.80 per liter for gasoline, P4.60 per liter for diesel, and P3.25 per liter for kerosene.

Other major commodity groups that contributed to overall inflation but posted lower inflation rates on a month-on-month basis were the housing, water, electricity, gas and other fuels index (2.4% from 3.3%) and restaurants and accommodation services (3.9% from 4.1%).

Meanwhile, the inflation for the bottom 30% of income households quickened to 3.4% in October from 2.5% in September but slowed from 5.3% last year.

In the 10 months to October, inflation for the bottom 30% averaged 4.5%.

In the National Capital Region (NCR), inflation eased to 1.4% from 4.9% a year earlier. Meanwhile, inflation in areas outside NCR slowed to 2.6% from 4.9% a year ago.

FURTHER DOWNTREND
Meanwhile, the BSP said it expects inflation to remain within the 2-4% target in the coming quarters.

“The latest inflation outturn is consistent with the BSP’s assessment that inflation will continue to trend closer to the low end of the target range over the succeeding quarters. This reflects easing supply pressures for key food items, particularly rice,” the central bank said.

National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan likewise said the government is on track to keeping inflation within target.

“The government is fully committed to ensuring price stability and protecting Filipino households from undue shocks,” he said.

Mr. Recto said rice prices should continue to ease further in the coming months amid the entry of cheaper rice imports.

“Moreover, the DoF (Department of Finance) is seeing a decline in rice prices in the international market, following the lifting of the export ban of India announced in late September,” he added.

However, the central bank warned that the balance of risks to the inflation outlook has shifted to the upside for next year and 2026.

“Upside risks to the inflation outlook could emanate from the potential adjustments in electricity rates and higher minimum wages in areas outside Metro Manila, while downside factors continue to be linked to the impact of lower import tariffs on rice,” it said.

EASING CYCLE
With inflation expected to remain within target in the near term, the central bank can continue on its easing cycle, analysts said.

“While inflation has gone up, we expect it to remain within the target of the BSP in the next 12 months, assuming no major supply shocks,” Bank of the Philippine Islands Lead Economist Emilio S. Neri, Jr. said.

“Looking ahead, adverse weather continues to pose a significant risk to food supply and prices, though favorable base effects, lower rice tariffs, and benign price pressures in other commodity groups should help keep overall inflation firmly within target,” Chinabank Research said in a report.

It said the Monetary Board has room to continue reducing borrowing costs at its Dec. 19 meeting.

“We continue to see the possibility of a BSP rate cut in December given the favorable outlook for inflation. However, external developments may also affect the BSP’s decision,” Mr. Neri said.

He cited risks to this outlook, such as the peso depreciation, the US Federal Reserve’s own rate-cutting cycle, and the US presidential elections.

Since August, the Monetary Board has lowered interest rates by 50 basis points (bps) this year, bringing the key rate to 6%.

BSP Governor Eli M. Remolona, Jr. has signaled a possible 25-bp rate cut in December. This could bring the benchmark to 5.75% by end-2024.