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The upcoming IPO of GCash (Mynt), poised to be the largest in Philippine history, promises a massive, years-in-the-making payout for early private equity investors. It also presents an opportunity for retail investors to participate in its success, though concerns about slowing growth are being raised.
The PDP-Laban party has declared that lowering the 16-vote threshold for conviction in Senate impeachment trials is unconstitutional. The party criticized the current situation in the Vice President's impeachment trial as politically motivated.
Manila Electric Company (Meralco) is seeking approval from the Energy Regulatory Commission (ERC) to operate a microgrid on Cagbalete Island for 20 years. The project, serving 1,192 households, aims to recover costs through subsidies. This approval would allow Meralco to collect outstanding subsidies and demonstrates a model for serving underserved areas.
The Office of the Ombudsman in the Philippines has declared its opposition to former House Speaker Martin Romualdez's request for extended hospital confinement following his arrest. The office plans to seek an assessment by government doctors to determine if his conditions can be managed outside a hospital setting.
Police in Northern Mindanao have seized approximately P19 million worth of contraband, including illegal drugs, smuggled cigarettes, and illegal mining equipment, and arrested 126 suspected drug pushers in a two-week operation. The regional police vowed to maintain efforts to ensure peace in the area.
Philippine Senate President Sherwin Gatchalian stated that detained senators Marcoleta and Estrada will require court permission to attend the Vice President's impeachment trial, with the court to decide on the justification for their attendance.
Former House Speaker Martin Romualdez, arrested on plunder charges, is slated for transfer to the Philippine National Police General Hospital. Authorities have clarified that no executive suite is available, emphasizing he will be placed in a regular room.
The Philippine weather bureau issued a yellow rainfall warning for Metro Manila and five other areas in Luzon due to the southwest monsoon. Residents are urged to be alert for potential flooding, with some local governments suspending in-person afternoon classes.
Consumers in the Visayas and Mindanao regions of the Philippines are anticipating a significant increase in electricity bills this September. This is due to a surge in power prices on the Wholesale Electricity Spot Market (WESM), with Mindanao potentially seeing an 88% rise from the previous month.
Philippine giant Metrobank marks its 64th anniversary, emphasizing its role as a financial partner growing with its customers. The bank highlights its adaptation to changing times through a blend of digitalization and human expertise, alongside its commitment to community.
A recent Social Weather Stations (SWS) survey reveals that 48% of Filipinos anticipate an improvement in their quality of life within the next 12 months. This indicates an 'excellent' level of optimism, with notable gains across all regions, particularly in Balance Luzon, suggesting growing confidence in economic recovery.
A recent PISA survey reveals that nearly half of Filipino 15-year-olds experience bullying at least several times a month, more than double the OECD average. Those subjected to cyberbullying show significant learning gaps.
Amidst rising food poisoning incidents in Vietnam, the Philippine Embassy has advised Filipino tourists to dine at reputable establishments and drink bottled water, also recommending travel insurance.
Senate President Juan Miguel Zubiri expressed optimism that Vice President Sara Duterte's impeachment trial could conclude before December, citing the prosecution's decision to drop 15 witnesses as a factor that could expedite the proceedings.
The Philippine House of Representatives is poised to approve the proposed P7.2-trillion national budget for 2027 by October 9. The chamber is considering an increased allocation for the Department of Public Works and Highways (DPWH), signaling a focus on infrastructure development and flood control measures.
The Supreme Court overturned the graft conviction of former First Lady Imelda Marcos, acquitting her due to insufficient evidence regarding her alleged interests in Swiss foundations.
The Philippine government will distribute P6.2 billion in fertilizer and fuel aid to farmers and fisherfolk to mitigate the impacts of El Niño and the global oil crisis. Amid projections of El Niño's full impact by early 2027, the government aims to maximize yields and stabilize prices.
The Office of the Vice President (OVP) announced the appointment of lawyer Salvador Paolo Panelo Jr. as the new spokesperson for Vice President Sara Duterte. Panelo will serve as the official point of communication for the vice president.
The Department of Energy (DOE) has filed a supplemental complaint for estafa charges against Representative Leandro Leviste and officials of Solar Para sa Bayan Corp. (SPBC) at the Taguig City Prosecutor's Office. SPBC allegedly failed to fulfill its obligations in the Green Energy Auction (GEA).
The Philippine peso rebounded against the US dollar, supported by a stronger Japanese yen and gains in the local stock market, after hitting a record low the previous day. The stock market also saw a slight rise, with investors remaining cautious amid economic uncertainties.
The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) faces a dire situation with a projected zero national government subsidy for 2027. Coupled with the potential abolition of the travel tax, its primary revenue source, billions in ongoing tourism infrastructure projects are at risk.
Filipino surgeons have successfully performed remote robotic surgeries on patients located 1,380 kilometers apart, marking a significant breakthrough in medical technology and healthcare accessibility.
The Philippine Atmospheric, Geophysical, and Astronomical Services Administration (PAGASA) has warned of increased risks of flooding and landslides across Luzon, Visayas, and parts of Mindanao due to the southwest monsoon, with intense downpours expected in Occidental Mindoro.
Two senators, brothers Erwin and Raffy Tulfo, have called for Vice President Sara Duterte to personally attend her impeachment trial and address the allegations against her. The House prosecution panel plans to present Duterte as a witness.
The Philippine National Police (PNP) is preparing to coordinate with French authorities in its search for former lawmaker Zaldy Co, who faces plunder charges. Coordination is expected through Interpol, with international protocols to be followed for his handover if located abroad.
Basilan officials and the military's Western Mindanao Command have agreed to jointly support the Commission on Elections (Comelec) in ensuring peaceful and clean Bangsamoro parliamentary polls on September 14. The focus is on securing the elections in the island province, which has seen progress in clearing Abu Sayyaf terrorists.
The Department of Environment and Natural Resources (DENR) in the Philippines has reported the apprehension of 55 illegal wildlife traders and the seizure of 394 live animals from January to August this year. Birds comprised over half of the confiscated animals, with parrot species being particularly prevalent. The DENR urges the public to report any suspected illegal wildlife trade activities.
A couple was shot dead by gunmen during a robbery at their home in Maguindanao del Sur, Philippines. The perpetrators fled the scene, and authorities are investigating, raising concerns about the deteriorating security situation in the region.
The Visayas grid in the Philippines is facing a tight power supply and the looming threat of rotational brownouts due to the continued offline status of several coal-fired power plants. The National Grid Corporation of the Philippines issued a red alert on Wednesday, signaling a persistent supply deficit.
Philippine election watchdogs debunked social media claims that Turkish police would secure the first parliamentary elections in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), emphasizing that election security remains the responsibility of local law enforcement.
The House prosecution panel is considering calling Vice President Sara Duterte as a witness in her impeachment trial, stating it's part of due process. Prosecutors believe her testimony is crucial, especially regarding the alleged misuse of confidential funds, as her subordinates claim no knowledge of the disbursement details.
The Philippine government aims to provide electricity access to over 100,000 households through microgrid development. This initiative targets remote and last-mile communities, crucial for improving education, economic activities, and healthcare, while also offering opportunities for investors.
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa) has issued orange and yellow rainfall warnings for parts of Metro Manila and other provinces due to the persistent southwest monsoon (habagat), urging vigilance against floods and landslides.
Several areas in Metro Manila experienced flooding on September 9 due to intermittent heavy rains, disrupting transportation. The recurring issue highlights the vulnerability of the capital's infrastructure.
Kitty Duterte, sister of Philippine Vice President Sara Duterte, thanked supporters and called for accountability amid an arrest warrant issued against the VP. The Vice President faces impeachment proceedings and a grave threats case.
The Philippine Supreme Court has voided a government regulation for electronic monitoring of commercial fishing vessels, raising concerns about the enforcement of fishing laws and the protection of municipal waters. Fishery advocates argue that real-time monitoring is crucial.