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The Philippine peso is nearing the P63 to $1 mark, pressured by a resurgent US dollar. Rising US Treasury yields are driving dollar bulls, weakening the local currency. While it briefly touched P62.90, the peso closed slightly stronger at P62.835, up 2.5 centavos from the previous day.
India's largest low-cost carrier, IndiGo, is prioritizing the evaluation of a Mumbai-Manila route upon securing approval for its Philippine entry, aiming to bolster air connectivity between major economic hubs of both nations. The Philippine Department of Trade and Industry is assessing the airline's plans.
Moody's Corporation is set to acquire a minority stake in Philippine Rating Services Corp. (PhilRatings), a domestic debt watchdog. This marks the first investment by a global credit rating agency in a Philippine debt rater.
The Department of Energy (DOE) in the Philippines is set to auction off 3,800 MW of capacity in the country's first mid-merit natural gas auction. Luzon is allocated 2,900 MW, aiming to stabilize and diversify the nation's energy supply.
The upcoming deliberation by retired Supreme Court justices on whether to lower the threshold for conviction in Vice President Sara Duterte's impeachment trial is anticipated to be a critical factor in determining the outcome.
A potential new operator for the Semirara coal site in the Philippines faces a P55 billion (approximately $930 million) equipment investment requirement. The current operator, Semirara Mining and Power Corp. (SMPC), is pushing back against auction rules mandating the handover of its machinery, awaiting a court decision.
Former Philippine President Rodrigo Duterte is set to face trial at the International Criminal Court (ICC) for crimes against humanity stemming from his war on drugs. The trial, commencing on November 30, will see the prosecution present its evidence while his legal team defends him. Duterte was arrested in March 2025 and is currently detained at the ICC headquarters.
No single party secured an outright majority in the Bangsamoro Autonomous Region in Muslim Mindanao's (BARMM) first-ever elected parliament, making coalition building essential for government formation. The Bangsamoro Federalist Party (BFP) holds a slim lead over the United Bangsamoro Justice Party (UBJP).
The Department of Agriculture Region VII (DA-7) in the Philippines has achieved download speeds of 823.26 Mbps after connecting to the government's dedicated network, GovNet, provided by DICT-7. This upgrade is expected to enhance operational efficiency.
Former Philippine President Rodrigo Duterte is set to appear at the International Criminal Court (ICC) to determine his fitness for trial on murder charges linked to his deadly war on drugs. His defense argues he is medically unfit.
The Department of Migrant Workers (DMW) has provided over P4 million in financial assistance to 66 Overseas Filipino Workers (OFWs) and their families in Batangas. The aid, distributed through the agency's AKSYON Fund during the "Handog ng Pangulo: Serbisyong Sapat Para sa Lahat" event, aims to support returning or distressed workers.
Former House Speaker Martin Romualdez will attend his arraignment for plunder charges via teleconference from a detention facility, facing allegations of kickbacks from infrastructure projects.
RJ Nieto, the operator of the popular social media page 'Thinking Pinoy', has been appointed Assistant Secretary in the Office of the Cabinet Secretary by President Ferdinand Marcos Jr. Nieto expressed gratitude for the opportunity to serve the Filipino people, acknowledging the country's current challenges.
Former President Rodrigo Duterte is set to appear at the International Criminal Court (ICC) to address his health and fitness for trial on murder charges related to his war on drugs. His lawyers argue he suffers from cognitive decline.
The captain of the MV June Aster, which caught fire with 132 people on board, has appeared before the Philippine Coast Guard (PCG) five days after the incident. The fire has claimed 76 lives, with 12 still missing.
The planned blockbuster listing of GCash operator Mynt Inc. could demonstrate the Philippine stock market’s capacity to absorb large equity deals and draw more retail investors into equities, according to the Securities and Exchange Commission (SEC).
The Philippines' weak social insurance system leaves households vulnerable to falling back into poverty due to economic shocks like disasters and the Middle East war's fallout, according to Socioeconomic Planning Secretary Arsenio Balisacan. Over half the population lives with minimal savings, exacerbating the issue.
A Bailey bridge is being constructed in Santa, Ilocos Sur, to provide temporary access for residents and motorists after the Calungbuyan Bridge was closed due to damage from continuous rains, ensuring vital connectivity.
The Bureau of Customs (BOC) has set up a bonded facility for imported Jet A-1 fuel for international flights. This move, under the CREATE MORE Act, allows eligible carriers and fuel suppliers to benefit from tax incentives.
Bohol Governor Erico Aristotle Aumentado urged tourism operators to ensure fair pricing and improved services, aiming for the province's tourism boom to benefit ordinary Boholanos. This call comes amid renewed public debate on tourism costs, sparked by a viral post about an expensive fish dish.
Philippine media giant ABS-CBN announced the retrenchment of approximately 200 employees, even as it secures a P6 billion investment. This move highlights the company's ongoing financial struggles since losing its broadcast franchise in 2020 and the reality of business restructuring demanded by new investors.
Senator Loren Legarda stated that the removal of value-added tax (VAT) on allowable system loss charges is a significant step towards fairer electricity bills in the Philippines. This move is anticipated as part of broader reforms aimed at easing the burden on consumers.
During the impeachment trial of Philippine Vice President Sara Duterte, testimony revealed she declared zero cash on hand or in banks from 2019 to 2025. Prosecutors are using these declarations, alongside her Statements of Assets, Liabilities, and Net Worth (SALNs), to allege unexplained wealth.
Coalition talks are likely necessary to elect the first-ever elected chief minister of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), as unofficial results indicate no single bloc secured a majority, highlighting challenges for peace and stability.
The Philippines' Luzon Economic Corridor (LEC) initiative, which boasts $20 billion in potential investments, faces scrutiny over its actual realization. Experts highlight that many projects are in the planning stages, with committed funds only a fraction of the announced figures.
Legal experts, including four retired Supreme Court justices, are set to advise on the conviction vote threshold in the impeachment trial of Vice President Sara Duterte. The senator-judges will consult their opinions to reach a decision on the crucial voting requirement.
The municipal government of El Nido has sent a team to Coron to coordinate with authorities and assist families affected by the MV June Aster maritime tragedy. El Nido expressed condolences and pledged support to the victims.
Day 26 of Vice President Sara Duterte's impeachment trial will feature former Supreme Court justices offering legal advice on the definition of "all the Members of the Senate" and the required votes for conviction. Senator-judges will seek expert opinions on constitutional issues, including the voting rights of absent senators.
A total of 95 laptops were donated to two public elementary schools in Ilocos Norte, Philippines, to support the rollout of the government's "E-TURO" Digital Learning System, aiming to enhance teachers' digital education capabilities.
Former presidential spokesperson Harry Roque is being urged to return to the Philippines and face charges after reports surfaced of his asylum bid being denied in Austria. A former congressman criticized Roque for allegedly attempting to flee.
Senator Erwin Tulfo questioned why he personally had to give P19,000 to a woman seeking enrollment in a TESDA vocational training program. Despite believing TESDA training should be free, the senator provided the funds to address the situation.
The Diocese of Tagbilaran will formally install Crispin Barrete Varquez, D.D., as its eighth bishop on October 27. Varquez, who has served as bishop of Borongan for nearly two decades, will be installed at St. Joseph the Worker Cathedral.
The Sandiganbayan Third Division has allowed former House Speaker Martin Romualdez to attend his arraignment and pre-trial proceedings for a graft case via videoconference, exempting him from physically appearing in court. The court issued the resolution following an urgent motion from Romualdez's legal team.
Catholic clergy in the Philippines have urged the Ombudsman to preventively suspend executives of South Cotabato II Electric Cooperative (Socoteco II) over a purportedly questionable joint venture agreement (JVA). A letter was sent requesting an investigation.
Senate Majority Leader Juan Miguel “Migz” Zubiri expressed concern that some TESDA training centers in Bukidnon, which he helped establish, are being misused as goat pens or multipurpose buildings instead of serving their intended educational purpose, calling for an investigation.
An Elf truck carrying 27 passengers plunged into a ravine in Mountain Province, Philippines, resulting in the deaths of six people, including an infant, and injuring 17 others. The truck was en route from Isabela to Benguet.