
Cracks within the ruling Partido Demokratiko Pilipino-Lakas ng Bayan (PDP-Laban) continued to emerge after the acting party president, Senator Manny Pacquiao, told members to ignore the call of party vice chairman Alfonso Cusi for a national assembly on May 31.

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Local shares fell on Friday as investors make last-minute adjustments to their portfolios ahead of the main index’s rebalancing, while unease over rising infections grows.