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LTFRB reviewing plea to hike minimum jeepney fare

PHILIPPINE STAR/WALTER BOLLOZOS

THE Land Transportation Franchising and Regulatory Board (LTFRB) on Tuesday said it is reviewing a petition to increase the minimum jeepney fare by P2 to P15.

“The LTFRB is reviewing the petition thoroughly and will consider all relevant factors, including fuel price trends, inflation rates and the overall economic impact on the riding public,” LTFRB Chairman Teofilo E. Guadiz III said in a statement.

The agency had yet to publish a copy of the fare adjustment plea.

The Alliance of Transport Operators and Drivers Association of the Philippines sought in April last year a P15 minimum fare for jeepneys.

Transport group Manibela Chairman Mario S. Valbuena sought the abolition of the Oil Deregulation law amid rising pump prices.

“The fare increase is not enough,” he said in a Viber message. “The prices of fuel have increased by nearly P3. The continued increase of pump prices will be a huge problem for us drivers and operators. We are calling on the government to abolish the Oil Deregulation law.”

Republic Act No. 8479 or the Downstream Oil Industry Deregulation Act of 1998 removed government control on the pricing, exports and imports of petroleum products, letting the market determine prices.

On Tuesday, local retailers increased the prices of all petroleum products for the third consecutive time this year.

Since the first week of January, pump price adjustments stood at a net increase of P3.45 for gasoline; P5 for diesel and P4.30 for kerosene.

“We understand the challenges faced by our drivers and operators due to rising fuel prices and the increasing cost of living,” the LTFRB said. “While we remain committed to ensuring that their livelihood is sustainable, we must also carefully balance this with the welfare of commuters who are equally affected by the current economic conditions.” — Ashley Erika O. Jose

Sex education curriculum under Senate scrutiny amid conservative pushback

PHILIPPINE STAR/WALTER BOLLOZOS

THE Senate Committee on Basic Education on Tuesday said it will conduct an inquiry into the Department of Education’s (DepEd) implementation of sexual education amid concerns from conservative quarters.

This comes after President Ferdinand R. Marcos, Jr. linked a bill seeking to address teenage pregnancy through comprehensive sexual education (CSE) to “woke” mentality.

“Amid debates on implementing sex education in schools, where the President has emphasized the important role of parents — a stance I completely agree with — the Senate Committee on Basic Education will conduct an inquiry on the Department of Education’s implementation of CSE,” Senator Sherwin T. Gatchalian, who chairs the Committee on Basic Education, said in a statement.

DepEd’s sex education curriculum should be consistent “with the mandate of the Responsible Parenthood and Reproductive Health (RPRH) Act of 2012 or Republic Act No. 10354,” he said.

With the passage of the Reproductive Health Act of 2012, sex education has been incorporated into the curriculum of public-school students aged 10-19.

The President on Monday said he was “appalled” by some elements in Senate Bill 1979, the proposed Prevention of Adolescent Pregnancy Act, blaming “woke mentality” that he said proponents were “trying to bring into our system.”

His statement came after a religious group named Project Dalisay, which is led by former Chief Justice Maria Lourdes P.A. Sereno, linked the bill’s sex education provision to a technical guidance by the United Nations Educational, Scientific and Cultural Organization, and World Health Organization for sex education, which tackles masturbation.

“The two international documents are quite candid about its normalization,” the group of the ousted chief justice said in a statement earlier this month.

“It is worth noting that Section 14 of the RPRH Law already calls for age- and development-appropriate reproductive health education for adolescents,” Mr. Gatchalian said.

He said the Philippines needs to do more in reducing teenage pregnancies and human immunodeficiency virus (HIV) infections, but “in a way that recognizes the important role of parents and parent-substitutes in the formulation and implementation of policies that will have a lasting impact on the well-being of our children.”

“The Parent Effectiveness Service Program Act (Republic Act No. 11908) provides for these mechanisms, and I call for their effective implementation to address challenges facing our youth,” he added.

Senator Ana Theresia “Risa” N. Hontiveros-Baraquel, among the principal authors, has called Project Dalisay’s claims fake news, reiterating that nowhere in the bill are the words masturbation and 14-year-olds mentioned.

In response to Mr. Marcos’ remarks, she said on Monday that the bill does not encourage kids to “try different sexualities.”

“Child sex education contains the very same things you support: teaching kids — anatomy and the consequences of early pregnancy,” she said in a video statement.

Also on Tuesday, Human Rights Watch (HRW) said Mr. Marcos had echoed disinformation about the proposed Senate bill, calling his remarks “unfortunate.”

“The president is mistaken,” HRW Senior Researcher Carlos H. Conde told reporters in a WhatsApp message. “The 25-page Senate Bill 1979 does not contain any provision about masturbation or any that seeks to encourage early sexual activity among children and adolescents.”

The bill, HRW noted, is a “long overdue” measure designed to equip young people with the knowledge and skills to make informed decisions about their health and well-being.

Mr. Conde added the proposed law could protect children from unwanted teen pregnancies, sexually transmitted diseases and sexual abuse.

“This disinformation against CSE will harm children. We hope President Marcos will correct his mistaken statement and continue his support for the program,” he added.

In a separate statement, Senator Maria Imelda Josefa “Imee” R. Marcos said Senate Bill 1979, which is “significantly different” from the version she had proposed, does not intend to deprive parents of their primordial authority and guidance.

Instead, the DepEd, Department of Social Welfare and Development, Department of Health (DoH), and the entire community are enjoined to assist parents with “medically accurate, culturally sensitive, nondiscriminatory” information, she said.

Ms. Marcos said teenage pregnancy in the Philippines has been cited by the World Bank “as not only a moral problem but an economic loss for these girls’ education and future job prospects.”

She said age- and culturally-appropriate sex education in schools, together with parental guidance, is “ever more important today” amid rising cases of teenage pregnancy, false sex data, and “the growing incidence of HIV and STDs (sexually transmitted diseases).”

The DoH last month said HIV cases in the Philippines may rise to 215,400 by the end of 2024, citing 4,595 confirmed cases from July to September 2024 alone. Of the confirmed cases from July to September 2024, 1,301 or 28% had an advanced HIV infection at the time of diagnosis, according to the agency’s data.

The Senate bill pushes a compulsory comprehensive sex education in schools that is “medically accurate, culturally sensitive, rights-based and inclusive and nondiscriminatory.”

The sex education curriculum will tackle “human sexuality, informed consent, adolescent reproductive health, effective contraceptive use, disease prevention, HIV/AIDS, sexually transmitted infections, gender sensitivity, gender equality and equity, teen dating, gender-based violence, sexual abuse and exploitation, peer pressure, women’s and children’s rights and issues like pornography,” according to the bill.

Over a year has passed and the bill has yet to be scheduled for plenary debates, Ms. Hontiveros’s office told BusinessWorld.

The Commission on Population and Development last week flagged rising teen pregnancies, particularly those under 15 years old, as it urged the Senate to pass the teenage pregnancy bill.

Pregnancies among minors aged 10 to 14 are at an alarming state “that needs a more responsive policy,” it said in a statement.

Repeat pregnancies also remain an issue, with 38 young girls under 15 having experienced it in 2023, it said. Seventeen women have given birth to five or more babies before they turned 20, it added.

MISGUIDED CONCEPTION
The Kabataan Party-list on Tuesday cited “misguided contentions” to the teenage pregnancy bill, which was already passed at the House of Representatives on the third and final reading.

“Some claim that the Comprehensive Adolescent Sexuality Education is an entirely different topic from adolescent pregnancy prevention policy. In truth, it is part and parcel of the policy. Without proper education, any prevention mechanism will not work, since information is key to prevention,” Representative Raoul Danniel A. Manuel said in a statement.

“In the face of thousands of young women enduring the crisis of adolescent pregnancy, families and non-state entities are actually expected to contribute to educating young Filipinos about this matter and be partners in other aspects of the comprehensive policy to prevent adolescent pregnancies,” he added.

He said thousands of young women have been thrust into the physical and emotional struggles of early motherhood.

“For their sake, meaningful reforms must be made.”

Meanwhile, Cagayan de Oro Rep. Rufus B. Rodriguez said the proposal, as approved by the House of Representatives, should be recalled as it could be deemed unconstitutional.

In a statement, Mr. Rodriguez said that House Bill No. 8910, approved in 2023, violated the 1987 Philippine Constitution by tackling a “different and separate subject matter” in addressing adolescent pregnancy.

The Constitution states that bills passed by Congress should tackle “only one subject matter.”

“Many provisions of the bill aim to institutionalize Comprehensive Adolescent Sexuality Education (CASE), which is a different and separate subject matter from adolescent pregnancy. This is violative of Article IV, Section 26, Paragraph (1) of the Constitution,” he said. — Kyle Aristophere T. Atienza, Kenneth Christiane L. Basilio, and Chloe Mari A. Hufana

Marcos to work closely with Trump

PHILSTAR FILE PHOTO/REUTERS

PRESIDENT Ferdinand R. Marcos, Jr. on Tuesday vowed to work closely with US President Donald J. Trump, who took office in Washington, DC on Jan. 20.

“I look forward to working closely with you and your administration,” he said in an X post.

He said the United States and the Philippines, which have a “strong and lasting” alliance, will continue to uphold their “shared vision of prosperity and security in the region.”

After Mr. Trump’s huge lead in the US presidential election, Mr. Marcos in November cited the US-Philippines “unshakable alliance,” which he said, “will be a force of good that will blaze a path of prosperity and amity, in the region, and in both sides of the Pacific.”

The stability of the South China Sea and the wider Indo-Pacific region amid China’s expansionist agenda has been at the heart of Philippine-US relations in recent years.

Washington, which has a mutual defense treaty with Manila, has been at the forefront of international condemnation of China’s intrusions into the Philippines’ exclusive economic zone in the South China Sea.

The US was the largest destination of Philippine exports and was the fifth-largest source of Philippine imports in November 2024, the Philippine Statistics Agency said earlier this month.

On his first day in office, Mr. Trump withdrew the US from the World Health Organization and from the Paris Climate Accord.

He also revoked sanctions against Israeli settlers in the West Bank, declared a national emergency at the southern border, and reinstated Cuba as state sponsor of terrorism. 

Among the world leaders who greeted Mr. Trump on his inauguration is Ukrainian President Volodymyr Zelensky, who said the populist leader is “always decisive, and the peace through strength policy he announced provides an opportunity to strengthen American leadership and achieve a long-term and just peace, which is the top priority.”

Israeli Prime Minister Benjamin Netanyahu said he expects the US-Israel alliance to hit “even greater heights.”

“I look forward to working with you to return the remaining hostages, to destroy Hamas’ military capabilities and end its political rule in Gaza, and to ensure that Gaza never again poses a threat to Israel.”

German Chancellor Olaf Scholz said the US is Germany’s “closest ally and the aim of our policy is always a good transatlantic relationship.”

Canadian Prime Minister Justin Trudeau said Canada and the US have the “world’s most successful economic partnership.”

“We have the chance to work together again — to create more jobs and prosperity for both our nations.”

British Prime Minister Keir Starmer said with Mr. Trump’s “longstanding affection and historical ties to the United Kingdom, I know that depth of friendship will continue.” — Kyle Aristophere T. Atienza

Marcos restores PNP IT budget

PHILIPPINE STAR/EDD GUMBAN

PRESIDENT Ferdinand R. Marcos, Jr. has ordered the Budget department to restore the original proposed funding for the Philippine National Police’s (PNP) information technology (IT) program, according to the Department of Interior and Local Government (DILG), which cited “variances” in its 2025 budget.

The Department of Budget and Management (DBM) will rechannel about P500 million worth of intelligence funds for the PNP under the 2025 General Appropriations Act (GAA) to the PNP’s IT program, DILG Secretary Juanito Victor C. Remulla said at a news briefing.

“As instructed by the President to our Budget Secretary, the budget for IT [program] will be reverted and the additional P500 million intelligence funds placed in the GAA will be allocated to this. So, the [intelligence fund] will return to the original budget of P820 million, from P1.3 billion,” he said in mixed English and Filipino.

Mr. Remulla said the funds would be allocated for the country’s integrated 911 system, assuring a fully audited system and scrutinous bidding.

“So, from intelligence fund to 911. So, it will be a fully audited system that is under scrutinous bidding.”

Mr. Remulla cited reductions in the PNP’s IT program under the P6.236-trillion 2025 national budget, noting that lawmakers added about P5 million to the law enforcement agency’s intelligence fund and almost P1 billion for its all-terrain amphibious rescue vehicles for Bicol region.

Under the PNP IT program, funding for the enhancement of the national police clearance system was reduced by P386 million to P232 million, from the original P619.5 million proposed in the National Expenditure Program.

The budget for the establishment of the Safe Camps Security System, also under the IT program, fell by P357 million to P161 million in the 2025 GAA from the original proposed funding of P472.668 million.

The funding for the PNP Drug-Related Data Integration and Generation System was also slashed to P196 million from P533 million. 

Mr. Remulla said increasing funding for the DILG’s priority projects will not violate the 2025 GAA, citing Mr. Marcos’s veto message that cases of appropriations and new budgetary items introduced by the Congress in the budget “shall be subject to the national government’s cash programming, of service or prudent fiscal management, applicable budget execution rules and procedures and approval by the President based on the programs by priorities of the government.’’

“Considering that such cases and appropriations and new budgetary items will have corresponding effects on the outputs and outcomes of the agencies concerned, the DBM shall inform the said agencies of the changes in their respective appropriations and required the submission of their revised performance targets,’’ Mr. Remulla said.

He said the DBM would ‘’re-reprogram’’ the budget based on the President’s instructions.

“If the President will see that something is not needed, he will inform the DBM, ‘Please, replace it, revert it,’” he said in Filipino. “He can do that.” — Kyle Aristophere T. Atienza

Congress to reconcile NEDA bills

PHILSTAR FILE PHOTO

PHILIPPINE lawmakers will begin talks to harmonize their versions of a bill reorganizing the National Economic Development Authority (NEDA) into the Department of Economy, Planning, and Development (DEPDev), elevating it to a full-fledged government agency.

In a statement, Bukidnon Rep. Jonathan Keith T. Flores said a joint panel of senators and congressmen would meet on Jan. 22 to deliberate legislative differences between House Bill (HB) No. 11199 and Senate Bill (SB) No. 2878.

“Both bills essentially update and upgrade the mandates and structure of NEDA. The resulting improvements make it necessary to formalize NEDA as a new department,” he said. 

“[The two bills will] undergo meticulous reconciliation because the provisions are many, over 40 sections, and written differently,” he added.

Mr. Flores said it would be “quite probable” for a reconciled version of the proposal to be given to President Ferdinand R. Marcos, Jr. before the 19th Congress ends.

The Senate gave a nod to SB No. 2878 in December, while the House approved its version in January. — Kenneth Christiane L. Basilio

PHL delegation to WEF should sustain economic, investment momentum — Romualdez

THE PHILIPPINE delegation to the World Economic Forum (WEF) should build “on the momentum” that was generated by previous engagements in the annual Swiss meeting, House Speaker Ferdinand Martin G. Romualdez said on Tuesday.

“Our participation in WEF 2025 is a testament to the Philippines’ commitment to fostering collaboration, securing investments, and driving inclusive and sustainable development,” he said in a statement.

“Central to this objective is ensuring a sustained flow of investments in the country that will enhance the competitiveness, efficiency, and sustainability of the economy,” he said in a statement.

Top Philippine trade and finance officials headlined Manila’s delegation to WEF, a yearly meeting of business and government leaders in Davos, Switzerland. This year’s representatives include Finance Secretary Ralph G. Recto and Trade Secretary Ma. Cristina A. Roque, as well as private sector participants.

“Our participation in WEF 2025 serves as a prelude to our ASEAN (Association of Southeast Asian Nations) leadership, showcasing the Philippines’ capacity to drive innovation, foster digital transformation, and champion climate resilience in the region and beyond,” said Mr. Romualdez.

Manila will serve as the regional bloc’s chairman next year, a year earlier than was scheduled. — Kenneth Christiane L. Basilio

SC issues two TROs vs Comelec

PHILIPPINE STAR/ MICHAEL VARCAS

THE Supreme Court (SC) on Tuesday issued two temporary restraining orders (TRO) against the Commission on Elections (Comelec), ordering the poll body to add two political aspirants to the ballots for the 2025 national and local elections in May.

The court en banc issued a TRO after Senatorial aspirant Francis Leo Antonio Marcos challenged a Comelec resolution labeling him a nuisance candidate and revoked his Certificate of Candidacy (CoC).

Spokesperson Camille Sue Mae L. Ting cited Comelec’s argument, saying Mr. Marcos did not show genuine intent to run for office, even though he was allowed to run for the 2022 Senatorial race, where he received over 4 million votes.

“The SC also ordered the Comelec to comment on his petition within a non-extendible period of five days from receipt of notice,” she said in a press briefing in Manila City.

The top court also ruled Noel E. Rosal is eligible to run as Albay governor after the poll body canceled his CoC because the Ombudsman dismissed him from service, carrying the penalty of perpetual disqualification to hold public office.

The high tribunal also gave Comelec five days to comment.

According to Ms. Ting, the high court received a total of 25 petitions against the Comelec from disqualified individuals. Another 22 were filed for party-list representative aspirants.

In total, the high court has so far issued 11 TROs.

Ms. Ting said the top court is fast-tracking the procedures of issuing TROs, noting that many of the cases with TRO prayers were only filed towards the end of December or the first week of January.

Comelec paused its ballot printing last week after the top court issued five TROs. About 6 million ballots were wasted, amounting to about P22 each. — Chloe Mari A. Hufana

Bill seeks Congress OK for PhilHealth rate hikes

PHILIPPINE STAR/MICHAEL VARCAS

THE Philippine Health Insurance Corp. (PhilHealth) would be required to consider in its contribution rate setting projected healthcare spending and socioeconomic factors, with rate hikes requiring congressional approval, according to a pending House of Representatives bill.

“Premium contributions for direct and indirect contributors shall be derived from actuarially adjusted rates, considering but not limited to, the projected healthcare utilization, cost trends, and demographic and economic purpose,” a Jan. 17 copy of the unnumbered substitute bill stated.

“The actuarially adjusted premium rates, as determined by the annual actuarial review, shall be subject to the approval of Congress,” it added.

The state health insurer should hire an “independent body” to review its actuarial report for the determination of its contribution rates, the bill stated.

The 2025 monthly contribution rate for members stood at 5%, with an income floor and ceiling of P10,000 and P100,000.

“The premium rate shall remain at 5%, and the premium floor and ceiling shall remain the same until the actuarial review has been submitted and approved by Congress,” the measure stated. — Kenneth Christiane L. Basilio

Agoda sets $1.5-M target to fund conservation projects across Asia

FREEPIK

DIGITAL travel platform Agoda has relaunched the fourth edition of its Eco Deals program, setting a $1.5-million target to fund conservation projects in Asian countries, including the Philippines.

The Eco Deals program is part of Agoda’s ongoing partnership with the World Wide Fund for Nature (WWF). Under which, Agoda will donate $1 to the WWF’s conservation efforts for every booking made at a participating hotel.

Conservation efforts supported by the program include the protection of the Philippines’ whale sharks, the conservation of tigers in Malaysia, and elephants in Thailand, and saolas in Vietnam.

The funds raised will also help in the restoration of Japan’s wetlands, Indonesia’s ecosystems, Laos’ urban wetlands, and support Cambodia’s rangers.

Illegal wildlife trade in the Philippines alone is valued at P50 billion a year, according to the Asian Development Bank.

“The Eco Deals Program has been an important initiative for our hotel partners since its inception in 2022, offering them an accessible way to support wildlife protection and habitat conservation projects,” Agoda Chief Commercial Officer Damien Pfirsch said in a statement.

The Eco Deals program will be open to consumers for bookings from Jan. 20 to Dec. 19, 2025.

Agoda also teamed up with WWF-Singapore and UnTours Foundation to launch the Sustainable Tourism Impact Fund. It provides investment capital to support sustainable businesses in the tourism sector.

The digital platform has designated $100,000 for the fund and can increase to $150,000 if the $1.5-million donation target is reached. — Beatriz Marie D. Cruz

Three dead, one hurt after truck plunges into Benguet ravine

BAGUIO CITY — Three died while another one is being treated at the hospital after a pick-up truck plunged into a ravine in Sitio Camanggaan, First Gate, Barangay Ucab, Itogon town in Benguet on Monday morning.

The Itogon police identified the fatalities as Amayag Oplas, 29, driver; Ruvelyn Agapinan, 27; and Charles Oplas, 21. Luisito David Bacoco, 14, is being treated at a hospital.

The four were aboard the pick-up truck, traveling along the Baguio-Ucab Road in Itogon town, when it rammed into a concrete barrier. The driver lost control of the vehicle and dived into a 100-meter ravine.

Mr. Oplas was declared dead-on-the spot while the three others were rushed to the hospital. — Artemio A. Dumlao

Driver dead, 2 hurt in Maguindanao del Sur highway robbery

COTABATO CITY — A driver of a freezer-type van loaded with ice cream in containers of various sizes was killed while his two helpers were wounded in an attack by robbers in Barangay Timbangan in Shariff Aguak, Maguindanao del Sur on Monday afternoon.

Rey F. Balmores, died on the spot when men riding motorcycles shot him repeatedly while he was driving their delivery van at a secluded stretch of a highway in Barangay Timbangan.

His killers immediately alighted from their motorcycles as the vehicle stopped and, at gunpoint, took a bag containing a still undetermined amount of cash collections from his two companions, Harris L. Ampatuan and Reymond O. Bajas, who were both wounded in the attack.

Brig. Gen. Romeo J. Macapaz, director of the Police Regional Office-Bangsamoro Autonomous Region, told reporters on Tuesday that the victims had just delivered their merchandise in towns around Shariff Aguak and were headed to their office in Sultan Kudarat, Maguindanao del Norte when the gunmen pulled off the daring heist.

Shariff Aguak Mayor Akmad A. Ampatuan condemned the atrocity and offered an earnest cash incentive for any information leading to the arrest of the robbers.

The mayor told reporters that he had instructed all barangay officials in Timbangan to help police investigators identify the culprits, now subject of an extensive hunt by personnel of the Shariff Aguak Municipal Police Station and the Maguindanao del Sur Provincial Police Office. — John Felix M. Unson

PSEi drops in cautious trade as Trump sworn in

BW FILE PHOTO

PHILIPPINE STOCKS inched lower on Tuesday as investors stayed on the sidelines following the inauguration of US President Donald J. Trump and his initial policy announcements.

The bellwether Philippine Stock Exchange index (PSEi) retreated by 0.15% or 9.68 points to close at 6,340.21, while the broader all shares index dropped by 0.07% or 2.62 points to 3,700.24.

“The local market edged lower this Tuesday as investors maintained a cautious stance while being observant of US President Trump’s first few days in the office,” Philstocks Financial, Inc. Senior Research Analyst Japhet Louis O. Tantiangco said in a Viber message. “Investors are primarily concerned with the specifics of the US president’s planned protectionist foreign trade policies.”

“It was another quiet session for the Philippine markets following the inauguration of President Trump,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan said in a Viber message. “US markets were closed on Monday for Martin Luther King Jr. Day, but futures trading saw gains as Mr. Trump began his second term as president. Optimism grew over anticipated pro-economy measures, particularly in banking and energy, while sentiment was supported by news that no new tariffs would be introduced on day one.”

Financial markets swayed and wobbled at the beginning of Mr. Trump’s second US presidency after he made a softer start on China than many had anticipated, but then signaled punitive tariffs on North American neighbors within hours, Reuters reported.

A wave of relief that swept across markets — as his speech and slew of executive orders imposed no new trade levies — was stopped in its tracks when Mr. Trump told reporters in the White House’s Oval Office that he was thinking about 25% tariffs on Mexico and Canada from Feb. 1.

Mr. Trump had vowed to immediately impose steep tariffs of 10% to 20% on global imports into the US and 60% on goods from China, but a memo he issued after taking office only directed agencies to research and investigate the US trade deficits.

At home, majority of sectoral indices closed lower on Tuesday. Mining and oil sank by 2.12% or 168.70 points to 7,762.26; services retreated by 0.82% or 17.25 points to 2,080.96; industrials went down by 0.56% or 50.85 points to 8,921.78; and financials declined by 0.4% or 8.91 points to 2,180.54.

Meanwhile, property rose by 0.88% or 20.54 points to 2,337.20 and holding firms increased by 0.34% or 18.16 points to 5,343.27.

“Converge ICT Solutions, Inc. was the day’s index leader, climbing 2.62% to P18.00. Universal Robina Corp. was at the bottom, falling 4.07% to P66.00,” Mr. Tantiangco said.

Value turnover increased to P3.87 billion on Tuesday with 1.01 billion shares traded from the P3.81 billion with 1.54 billion issues dealt on Monday.

Decliners outnumbered advancers, 104 versus 76, while 59 names were unchanged.

Net foreign selling climbed to P173.15 million on Tuesday from P107.92 million on Monday. — Revin Mikhael D. Ochave with Reuters

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