People told to prepare for waves of up to three metres in parts of the Philippines, with smaller waves possible in Indonesia and Malaysia A magnitude 7.8 earthquake shook part of the southern Philippines early on Monday, sparking tsunami warnings on some regional coasts, collapsing some houses and killing at least one person. “Many buildings were affected, but I cannot enumerate them now because w...
People told to prepare for waves of up to three metres in parts of the Philippines, with smaller waves possible in Indonesia and Malaysia A magnitude 7.8 earthquake shook part of the southern Philippines early on Monday, sparking tsunami warnings on some regional coasts, collapsing some houses and killing at least one person. “Many buildings were affected, but I cannot enumerate them now because we are busy with ongoing rescues,” Master Sergeant Robert Dagon of the General Santos City police told Agence France-Presse. Continue reading...
Buildings Collapse After 7.8 Magnitude Earthquake Strikes Philippines; Tsunami Warnings Issued A powerful 7.8-magnitude earthquake struck off the coast of Sarangani province in Mindanao early Monday morning, triggering tsunami warnings and causing reported building collapses in the General Santos area. The quake hit at approximately 7:37 a.m. local time , with its epicenter located roughly 26 kilo...
Buildings Collapse After 7.8 Magnitude Earthquake Strikes Philippines; Tsunami Warnings Issued A powerful 7.8-magnitude earthquake struck off the coast of Sarangani province in Mindanao early Monday morning, triggering tsunami warnings and causing reported building collapses in the General Santos area. The quake hit at approximately 7:37 a.m. local time , with its epicenter located roughly 26 kilometers southwest of Kablalan in Sarangani Province. The U.S. Geological Survey recorded the event at magnitude 7.8, while the Philippine Institute of Volcanology and Seismology (Phivolcs) initially reported a preliminary magnitude of 7.0. Tsunami Warning Issued Phivolcs immediately issued a tsunami warning for coastal communities across multiple provinces in Mindanao. Residents in Sarangani, Davao Occidental, South Cotabato, Sultan Kudarat, and several other areas were advised to evacuate to higher ground immediately due to the risk of waves exceeding one meter. The warning remains in effect as authorities monitor the situation. Building Collapses Reported Footage of the major Philippines earthquake. Originally an 8.8-9.0 now adjusted to 7.8-8.2 Tsunami advisories in effect. It was a fairly deep earthquake, so praying the tsunami impacts are minor. pic.twitter.com/hjIr0Sr5t8 — THE™ Jessi Davin (@jessithebuckeye) June 8, 2026 Video footage circulating on social media shows buildings collapsing in General Santos City following the strong shaking. WATCH: Footage shows a high school building that collapsed following the powerful earthquake that struck the Philippines. pic.twitter.com/XGgbnposCY — Breaking911 (@Breaking911) June 8, 2026 Some videos appear to capture a commercial building going down, while other reports and footage indicate damage to school structures in the region. Another video captures the Jollibee building collapse in General Santos, Philippines following powerful earthquake. No word on casualties. https://t.co/LJEVl0qTjC pic.twitter.com/DgixNijwoY — AZ Intel...
(RTTNews) - The Hong Kong stock market has moved lower in three straight sessions, slumping almost 1,000 points or 4.3 percent along the way. The Hang Seng Index now sits just above the 24,960-point plateau and it's looking at another rough session on Monday.
(RTTNews) - The Hong Kong stock market has moved lower in three straight sessions, slumping almost 1,000 points or 4.3 percent along the way. The Hang Seng Index now sits just above the 24,960-point plateau and it's looking at another rough session on Monday.
(RTTNews) - SIA Engineering Company Limited, together with its subsidiaries, and Safran Aircraft Engines have signed a joint venture agreement to establish a full-fledged CFM LEAP engine shop in Singapore. This facility will provide Maintenance, Repair and Overhaul (MRO) services
(RTTNews) - SIA Engineering Company Limited, together with its subsidiaries, and Safran Aircraft Engines have signed a joint venture agreement to establish a full-fledged CFM LEAP engine shop in Singapore. This facility will provide Maintenance, Repair and Overhaul (MRO) services
Investor fervor for artificial intelligence that has driven South Korea’s volatile stock market to the top of global rankings is taking a toll on another market: government bonds. The nation’s government bonds have lost 7.5% this year in local-currency terms, the worst performance among 44 markets tracked by Bloomberg. The benchmark three-year yield rose to about 3.9% Friday, its highest level sin...
Investor fervor for artificial intelligence that has driven South Korea’s volatile stock market to the top of global rankings is taking a toll on another market: government bonds. The nation’s government bonds have lost 7.5% this year in local-currency terms, the worst performance among 44 markets tracked by Bloomberg. The benchmark three-year yield rose to about 3.9% Friday, its highest level since 2023. At the heart of the rout lies a growth story too strong for bonds to bear. A surge in AI investment and semiconductor demand has reignited Korea’s economy, lifted prices, and fueled bets the central bank will need to raise rates to rein in momentum. Korea isn’t alone in facing bond pressures , as strong government spending and higher energy costs from the Iran war heighten inflationary pressures worldwide. But the squeeze is sharper in Asia’s semiconductor hub, where Samsung Electronics Co. and SK Hynix Inc. have drawn investor capital toward equities, as well as greater volatility. Inflation had already been stoked by high apartment prices , while the won’s tumble drives fears of rising import costs and triggers further Bank of Korea rate hikes. “It’s a vicious cycle feeding on itself,” said Cho Yong-gu , a fixed-income strategist at Shinyoung Securities, referring to bond market conditions. “There doesn’t seem to be any clear way out at the moment.” Yields are climbing in anticipation of the BOK’s upcoming tightening cycle. The swaps market is pricing in at least three hikes this year, taking the policy rate to 3.25% from 2.5%. Cho expects the nation’s three- and 10-year yields to reach up to 4% and 4.4% this year. The chip sector’s boom and the Kospi’s roughly 80% jump have helped to lift the BOK’s growth forecast for this year to 2.6% from 2%. Inflation adds to the case for rate increases, with the 2.5% core inflation reading in May showing pressures spreading beyond energy. The data supports the hawkish tilt under new BOK Governor Shin Hyun Song . After the la...