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The Sandiganbayan, the Philippines' anti-graft court, has ordered a 90-day preventive suspension for Senator Rodante Marcoleta due to plunder charges. The suspension stems from allegations of illicit wealth accumulation by the senator.
A Philippine budget watchdog is urging the Senate to remove infrastructure projects inserted by the House of Representatives into the national budget, citing a lack of proper documentation and underfunding of foreign-assisted projects, warning of potential "ghost" or anomalous projects.
Pasig City Mayor Vico Sotto and Davao City Mayor Sebastian Duterte are among the preferred personalities for a Senate run in 2028, according to a recent OCTA Research survey. Neither has officially announced their candidacy.
Super Typhoon Champi is maintaining its strength as it moves closer to the Philippines, located east of Luzon with maximum sustained winds of 195 kph. Some areas are warned of potential flash floods and landslides due to heavy rains.
A recent survey reveals a divided Filipino public on the Marcos administration's handling of the West Philippine Sea dispute, with nearly three-fourths prioritizing diplomacy. Regional and generational differences in opinion are noted.
The proposed P785.2-million budget for the Office of the Vice President (OVP) in 2027 was approved by a Senate finance sub-panel in under 20 minutes. Vice President Sara Duterte was absent due to official duties, but deliberations proceeded smoothly.
The Philippine Senate finance committee swiftly endorsed the P785.2-million budget for the Office of the Vice President (OVP) for 2027 in under 20 minutes, with VP Sara Duterte absent. This mirrors the House of Representatives' rapid approval and contrasts with past OVP budget deliberations.
The development of the Luzon Economic Corridor in the Philippines faces a potential shortage of engineers. As large-scale infrastructure projects advance, a critical need for skilled professionals arises, highlighting the urgency of domestic talent development and recruitment.
Super Typhoon Champi, now named Rosal, has entered the Philippine Area of Responsibility (PAR) as the country's 18th tropical cyclone. While direct landfall is unlikely, its size and intensity are expected to affect various regions with strong winds, heavy rains, and rough seas.
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) announced that the trough of Super Typhoon Champi is expected to bring rain to Catanduanes, Northern Samar, and Eastern Samar, posing risks of flooding and landslides as the typhoon approaches the Philippine Area of Responsibility (PAR).
Metro Pacific Investments Corp. (MPIC) acquired an additional 1.9% stake in Manila Electric Co. (Meralco) at a nearly 40% premium, a P12.4-billion deal. This move highlights the underlying value of captive consumers, the impact of regulatory oversight on pricing, and the strategic implications for corporate control in a vital utility sector.
The Philippines' Department of Agriculture may extend its suspension on raw ube exports for at least a year to bolster domestic production. The ban specifically targets ube that can be used as propagative planting material.
The Philippine News Agency (PNA) reported that resolving the maritime dispute in the South China Sea would bring mutual economic benefits to both the Philippines and China. Specifics were not detailed.
Mynt, the parent company of GCash, has completed the largest Initial Public Offering (IPO) in the history of the Philippine Stock Exchange (PSE). President Marcos expressed optimism that this will revive investor confidence in the capital market and boost the domestic economy.
The Department of Environment and Natural Resources (DENR) announced that 14,434 barangays, or 34% nationwide, are classified as "priority intervention zones" highly vulnerable to a "super El Niño." Approximately P142 million has been allocated in the 2027 budget for expanding water service coverage.
A Senate finance subcommittee swiftly approved the P785.2 million budget proposal for the Office of the Vice President (OVP) for fiscal year 2027. Vice President Sara Duterte was absent, but OVP representatives attended. The approval was expedited, adhering to parliamentary courtesy.
Mynt, the parent company of Philippine mobile payment giant GCash, has made its stock market debut on the Philippine Stock Exchange (PSE) with a record P60.9 billion (approximately $1.1 billion) initial public offering, setting a new benchmark for domestic IPOs.
Mynt Inc., the parent company of leading Philippine mobile wallet GCash, has debuted on the Philippine Stock Exchange. The listing marks the largest Initial Public Offering (IPO) in the exchange's history, signaling confidence in the Philippine economy and its capital markets.
The Philippine peso further plunged into record-low territory on Monday, closing at 63.09 against the US dollar. Factors such as a stronger greenback, elevated oil prices, and global uncertainties are exerting pressure on the local currency.
The Philippines' balance of payments deficit widened to its largest in over a year in September, driven by increased import costs due to renewed US-Iran tensions and reduced investor flows. Bangko Sentral ng Pilipinas data revealed a $3.14-billion deficit for the month.
The Philippines' Department of Transportation (DOTr) is exploring government-to-government financing options with countries like India and France to revive several long-delayed railway projects, including the PNR South Long Haul and the Mindanao Railway.
US investment firm KKR has expressed interest in financing priority projects within the Luzon Economic Corridor (LEC) in the Philippines, focusing on digital finance, manufacturing, and energy. The Department of Finance (DOF) is exploring investment opportunities with KKR, though specific amounts and timelines remain undisclosed.
ComClark Network and Technology Corp. has partnered with UK's NATS, a leading air traffic control services provider, to bolster its P33-billion bid for modernizing the Philippines' air navigation services.
The Philippine government aims to begin the relocation of residents and farmers from a 1,619-hectare site by 2027, paving the way for the US-backed Pax Silica advanced manufacturing hub, following the planned signing of a master agreement.
Taiwanese solar float manufacturer Suntoward Tech Philippine Inc. will commence production in Pampanga in the first quarter of 2027, establishing its Philippine manufacturing presence by leasing facilities from AyalaLand Logistics Holdings Corp. (ALLHC).
The Philippine Department of Agriculture has opened applications for the 2027 Minimum Access Volume (MAV) import quotas for five commodities, including pork and chicken, aiming to stabilize domestic supply and prices.
Semirara Mining and Power Corp. (SMPC), a major Philippine coal and power producer, warned that proposed changes to government mining auction rules could significantly reduce its revenue contributions, potentially losing the country a vital income source. SMPC has paid over P70 billion to the government in nearly three decades.
The initial public offering (IPO) of Mynt Inc., the parent company of Philippine digital payment giant GCash, is anticipated to reignite interest in the domestic stock market and attract more retail investors, according to Unicapital Securities Inc. The scale of GCash and its digital ecosystem are expected to encourage broader participation in equities.
The Philippine Department of Agriculture is set to bid out the first phase of the Clark National Food Hub in Pampanga, a P1.9 billion project aimed at streamlining agricultural product distribution. The 40-hectare development seeks to enhance the national supply chain for both domestic and international markets.
The Diocese of Imus in the Philippines is urging its parishes and Catholic institutions to reduce plastic waste by avoiding tarpaulins, disposable utensils, and non-biodegradable decorations, as part of its "Zero-Waste Church" campaign.
The Philippines' Justice Secretary suspects a pilot may have used coffins intended for deceased individuals to smuggle illegal drugs into the country. This method points to the increasing sophistication of international drug syndicates, prompting heightened vigilance from authorities.
Residents affected by the Pax Silica artificial intelligence (AI)-native hub development in New Clark City, Philippines, will be relocated within the city, with agricultural land also to be provided, according to the Bases Conversion and Development Authority (BCDA).
The Philippine Department of Foreign Affairs summoned Chinese Ambassador Jing Quan to protest his remarks that China "may easily win" a confrontation in the West Philippine Sea. President Marcos Jr. reiterated his preference for diplomacy.
Philippine Defense Secretary Gilberto Teodoro Jr. stated that Chinese Ambassador Huang Xilian's remarks on the use of force reflect Beijing's official position, not just the ambassador's personal opinion, signaling heightened tensions in the South China Sea.
The Office of the Ombudsman has dismissed all administrative charges against the mayor of Santa Maria, Laguna, related to alleged lapses in securing ballot boxes during the 2022 elections. Mayor Ma. Rocelle “Cindy” Carolino has been cleared of grave misconduct, gross neglect of duty, and serious dishonesty.
The Department of Social Welfare and Development (DSWD) has distributed P553.89 million in financial aid to over 53,000 sugarcane farmers and farm workers in Negros Island, who were affected by the red-striped soft scale insect (RSSI) infestation.