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BPI Wealth, a leading trust entity in the Philippines, has revised its 2026 asset under management (AUM) growth forecast down to 17-18% from a previous 20% outlook due to market volatility. Rising inflation and a weaker peso are driving Filipinos to diversify into global assets.
The impeachment trial of Philippine Vice President Sara Duterte enters its 35th day with the continued disclosure of financial records. Prosecutors are set to present more bank records pertaining to her and her spouse's assets, drawing significant public attention.
The Commission on Audit (COA) has finalized its decision disallowing the P73-million confidential funds requested by former Defense and Education Secretary Sara Duterte, marking a significant development in her political career.
The Philippine Commission on Audit (COA) has definitively disallowed P73 million in confidential funds used by the Office of the Vice President under Sara Duterte in late 2022, citing insufficient documentation for intelligence gathering activities.
A Makati City court in the Philippines has issued an arrest warrant for businessman Leandro Leviste. The specific charges and background of the case have not yet been publicly disclosed.
Senators Robin Padilla and Christopher “Bong” Go have asked the Supreme Court (SC) to rule on the Senate's impeachment court decision regarding the voting threshold for convicting the Vice President. They are seeking a ruling on the interpretation of the constitutional "two-thirds of all members."
The Palace stated that Batangas First District Representative Leandro Leviste would be a "brave leader" if he returned to the Philippines and faced charges, following the issuance of an arrest warrant for alleged violations of the Public Service Act. Leviste is reportedly in France.
Global credit rating agency Moody's has acquired a minority stake in Philippine Rating Services Corporation (PhilRatings), marking the first investment by a global rating agency in a Philippine counterpart and expected to bolster the nation's financial sector.
The provincial government of Oriental Mindoro has issued an executive order recommending a farmgate price range of P180 to P192 per kilogram for live hogs. This aims to provide a reference for transactions among hog raisers, traders, and stakeholders, promoting fair trade and stabilizing farmer incomes.
The Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa) forecasts that the Intertropical Convergence Zone (ITCZ) and northeasterly winds will bring rain to most parts of the country on Wednesday. Thunderstorms and localized floods are possible in some areas.
The prosecution panel in the Philippines' impeachment court has conceded that explaining Vice President Sara Duterte's financial transactions is difficult, even when her net worth is aggregated over the years. This aligns with views expressed by the Anti-Money Laundering Council (AMLC) and the presiding judge.
The Philippines' Unified 911 emergency hotline system receives approximately 70,000 calls daily, with an estimated 12,000 being prank calls, impacting its efficiency. Despite this, the system maintains a high efficiency rate with an average response time of five to seven minutes.
Vice President Sara Duterte revealed that her mother advised her to 'come home' and leave national politics to her brother, Sebastian 'Baste' Duterte, the incumbent mayor of Davao City. The VP hinted at a scenario where she might step down as mayor of Davao City and her brother could assume a national post.
Semirara Mining and Power Corporation (SMPC) has protested a new bidding rule for the Semirara Island mines that requires the current operator to surrender its assets to the government to participate. SMPC argues this condition is unfair, effectively barring them from bidding, contrary to existing laws, and potentially undermining government revenue.
The National Bureau of Investigation (NBI) has "validated" two residences that a dismissed police officer claimed to be "cash houses" owned by former Speaker Lord Allan Velasco and his wife. The claim comes from a police officer who was a former aide to Velasco.
A widely shared video on social media, purportedly showing Davao City Mayor Sebastian “Baste” Duterte criticizing a sleeping congressman, has been debunked as an AI-generated fabrication. The actual criticism came from a senator, not Duterte.
A Quezon City Regional Trial Court has convicted two men for the murder of radio journalist Eduardo “Ed” Dizon in Cotabato City. The victim's widow and the Presidential Task Force on Media Security welcomed the verdict, underscoring the importance of safety for media practitioners.
Fishing and sailing activities in Palawan waters have been temporarily suspended due to the potential risk of falling debris from a scheduled Chinese rocket launch, with authorities urging public caution.
The Philippines faces potential increases in electricity rates and more frequent power outages due to the impending El Niño, which is expected to boost energy consumption and strain the power system, according to the Department of Energy. The NDRRMC has also expressed concerns.
A Makati court has issued an arrest warrant against Batangas Representative Leandor Leviste for alleged violation of the Public Service Act. A DOJ spokesperson stated that Leviste must first submit to the court to post bail. Leviste is currently in France.
Philippine Interior and Local Government Secretary Jonvic Remulla plans to meet with the True Brown Style (TBS) group in Cavite next week to outline policies amid a crackdown on alleged illegal activities. He expressed hope for dialogue but warned of firm action if the group remains 'stubborn.'
A bishop in Antique, Philippines, has called for a "just transition" away from coal mining on Semirara Island as its contract nears expiration in 2027. He urged the government to develop a comprehensive plan that includes worker protection, livelihood diversification, and community rehabilitation.
Several bank representatives testified on the 35th day of the impeachment trial against Philippine Vice President Sara Duterte. Representatives from Asia United Bank, Philippine Savings Bank, Metropolitan Bank, Security Bank, and Bank of the Philippine Islands explained their access to records for subpoenaed accounts and oversight of branch operations.
Amidst resignation rumors, the Philippine Presidential Palace has officially confirmed that Department of Information and Communications Technology (DICT) Secretary Henry Aguda will continue to serve. Aguda himself has stated his focus remains on his duties.
Twenty-eight of 119 pumps across 29 pumping stations managed by the Metropolitan Manila Development Authority (MMDA) are non-operational, primarily due to repair delays, according to the Commission on Audit (COA). This raises concerns about reduced drainage capacity during heavy rainfall.
Local government units across Luzon are intensifying restrictions on the movement of live hogs and pork products following reported cases of African Swine Fever (ASF). Measures are being implemented in Tabuk City and Oriental Mindoro to protect the swine industry.
Malacañang has vehemently denied Vice President Sara Duterte's claims of a presidential conspiracy to tarnish her reputation, labeling the allegations as baseless. The VP alleged the administration was behind multi-million peso cash delivery claims against her, but the Palace countered that she lacks sufficient evidence.
The Philippine National Security Council (NSC) will investigate alleged financial inflows from China to companies linked to Vice President Sara Duterte's family, citing potential national security implications. The probe follows information that emerged during ongoing impeachment proceedings.
The number of jobless Filipinos fell to 2.77 million in August, a 5.3% decrease from July, according to the Philippine Statistics Authority (PSA). However, this figure remains higher than the same period last year, indicating persistent economic recovery challenges.
A Makati Regional Trial Court has issued an arrest warrant for Rep. Leandro Leviste (Batangas 1st District) on suspicion of violating the Public Service Act. Bail has been set at P72,000 as part of an investigation into alleged corruption and plunder related to solar energy projects.
A bank official testified at the Vice President's impeachment trial that suspicious transaction reports undergo thorough verification before being submitted to the Anti-Money Laundering Council (AMLC), emphasizing they are not based on mere speculation or news reports.
The Philippines is anticipating several days of rainfall, primarily over the Visayas, Mindanao, and Palawan, due to the Intertropical Convergence Zone (ITCZ) and the northeasterly windflow. This raises concerns about potential flooding and landslides, prompting advisories for caution. Metro Manila and the rest of Luzon are expected to experience generally fair weather.
A bank executive testified in the impeachment trial of Vice President Sara Duterte that one of her minor children maintained over P1 million in year-end bank deposits from 2022 to 2025. Joint and personal accounts of the Vice President and her husband were also detailed.
Chicken prices in the Philippines have increased by P10 per kilogram due to a temporary drop in supply, as raisers prepare for Christmas demand and seek to recover from prolonged losses, according to the United Broiler Raisers Association (UBRA). While no actual shortage exists, some retailers are raising prices to ensure profits.
The National Grid Corporation of the Philippines (NGCP) defended itself against the Department of Energy's (DOE) accusations of delaying ancillary service contracts, which the DOE claims contributed to recent power alerts in the Visayas. NGCP insists its execution timelines are dictated by supplier readiness and technical compliance, pointing to insufficient generation capacity as the root cause.
The Philippine Senate aims to pass the 2027 national budget bill within the year, despite scheduling challenges posed by the Vice President's impeachment trial and the ASEAN Summit. Senate President Sherwin Gatchalian confirmed the target.