The Philippine peso dropped past 63:$1 for the first time on Thursday, driven by a stronger US dollar amid expectations of higher US interest rates. The Bangko Sentral ng Pilipinas (BSP) faces pressure to address stubborn inflation and currency volatility.
Cash remittances from overseas Filipinos reached a three-month low in August, with growth remaining modest due to geopolitical risks affecting migrant workers. Data from the Bangko Sentral ng Pilipinas (BSP) shows a 1.9% year-on-year increase to $3.03 billion.
Cebu Pacific reported a 4.4% year-on-year increase in passenger traffic to 1.91 million in September, driven by strong domestic demand that offset a decline in international travel during the traditionally lean month.
Global logistics giant UPS has invested $80 million in a new hub at Clark International Airport, Philippines, significantly strengthening its Asia-Pacific logistics network. This marks UPS's largest investment in the Philippines and one of its biggest in the region.
Philex Mining Corp. has resolved a labor dispute with its union workers at the Padcal mine site in Benguet, ending a days-long strike over a collective bargaining agreement (CBA). The company signed a settlement agreement with the National Mines and Allied Workers Union.
Cebu, Philippines is witnessing a tourism and commercial expansion beyond its traditional hubs. New investments are drawing attention to previously overlooked areas, broadening accommodation options for travelers.
The Philippine Bureau of Customs (BOC) has established the Customs Local Affairs Office (CLAO) to enhance its engagement with government agencies, business groups, and other domestic stakeholders, aiming to better coordinate and monitor partnership implementations.
As the Marcos administration approaches its term's end, cabinet reshuffles continue in the Philippines. Lino Cayetano has been appointed as the new head of the Presidential Communications Office, while Robert de Claro was transferred from the Social Security System, indicating ongoing personnel adjustments.
Shenzhen Airlines has applied for a foreign air carrier permit with the Civil Aeronautics Board (CAB) to expand its operations in the Philippines, aiming to capitalize on growing travel demand between the two countries.
The Philippine Department of Agriculture (DA) is requesting support from tollway operators for an initiative aimed at mitigating the impact of rising fuel costs on farmers and consumers, including toll discounts for trucks transporting agricultural products.
Philippine President Ferdinand Marcos Jr. will summon the Chinese ambassador following remarks that hinted at the "use of force." This move signals a desire to clarify intentions through diplomatic dialogue amid rising tensions with China over the West Philippine Sea.
Filipino motorists can expect a rollback of up to P4.20 per liter for gasoline next week, while diesel prices are projected to increase by P0.40 per liter, influenced by global inventory levels and geopolitical factors.
Former Northern Samar Representative Raul Daza has passed away at the age of 91. Daza served seven terms in the House of Representatives between 1969 and 2019, contributing to local politics for decades.
Following a school shooting incident in Tacloban City, the Philippine National Police (PNP) has vowed to enhance firearm security measures. This commitment comes after the dismissal of a police officer implicated in the incident, highlighting the need for stricter protocols to prevent future occurrences.
The Philippine Senate is considering amendments to the country's outdated 1941 anti-espionage law to address modern threats like cyberattacks and foreign interference. Concerns about espionage from China are also rising amidst the West Philippine Sea issue.
The prosecution panel of the House of Representatives' impeachment court stated that the withdrawal of three impeachment raps against Vice President Sara Duterte was intended to expedite the proceedings and focus on the single charge of unexplained wealth. The defense, however, argues for fairness, seeking the opportunity to counter evidence related to the dropped charges.
The Director of the Philippines' National Bureau of Investigation (NBI) has challenged the Vice President to file a case if she believes the probe into properties linked to her family is biased, asserting the inquiry is backed by official records and evidence.
Advocates in the Philippines are urging the Supreme Court to provide clearer elaboration on its ruling disallowing the stacking of senior citizen discounts with other promotional offers, fearing potential exploitation by businesses. Concerns are particularly high that regular sales or house promotions might be used to unjustly deny discounts to the elderly.
The Philippine Senate will scrutinize questionable spending changes in the House of Representatives-approved P7.2-trillion national budget for 2027, considering the restoration of funding for major government projects, particularly a P130-billion cut to foreign-assisted projects. Civil society groups have criticized the House for the lack of transparency in spending realignments.
The Philippine Coast Guard (PCG) has driven away a Chinese fishing vessel and four smaller boats found illegally fishing near Lawak Island in the South China Sea. This marks the latest incident amid heightened tensions between the two nations in the region.
Education Secretary Sonny Angara spearheaded the expansion of the Department of Education's (DepEd) nationwide mental health and well-being initiatives, coinciding with Mental Health Awareness Month and National School Safety Week. A Mental Health Caravan at Marikina Elementary School marked the nationwide effort.
A Catholic bishop in the Philippines' Catanduanes province has urged authorities to impose a moratorium on mining activities, citing reported deaths and environmental risks. Bishop Luisito Occiano called for prioritizing human life and environmental protection over economic gains.
The Philippine Atmospheric, Geophysical, and Astronomical Services Administration (Pagasa) announced that northeasterly winds and the intertropical convergence zone (ITCZ) will affect parts of the country on Friday, bringing cloudy skies with scattered rains and thunderstorms.
The Philippine Science High School (PSHS) Main Campus in Quezon City has suspended in-person classes from Friday, October 16, until Tuesday next week due to reported cases of influenza-like illnesses. Club and homeroom meetings will be held online.
Vice President Sara Duterte remains the top-performing government official in terms of satisfaction, though her rating declined by 10 points, according to a recent Social Weather Stations (SWS) survey. Fifty-one percent of Filipinos expressed satisfaction with her performance.
The Philippine Drug Enforcement Agency announced a Mindanao politician financed a chartered flight linked to the seizure of 521 kilograms of suspected shabu in Laos. A witness also testified in court about an alleged "maleta" sent to senators.
Pyra Nucum Lucas, chairperson of the anti-crime group United Pilipino Against Crime and Corruption (UPACC), and four others are facing a complaint for destructive arson before the Department of Justice (DOJ) for allegedly intentionally burning down a newly-built home in Capas, Tarlac. The complainants are the couple who filed the case.
Former Rep. Robert Ace Barbers advises House prosecutors to aim for 16 votes to convict Vice President Sara Duterte in an impeachment trial, even with the Senate's adopted 14-vote threshold, to ensure stronger legitimacy for the verdict.
The Philippine Presidential Palace stated that President Ferdinand Marcos Jr. listens to public concerns. However, a recent poll revealed that 49% of respondents disapprove of his performance, highlighting challenges in gaining public trust.
Lawyer Lorna Kapunan questioned the declaration of Vice President Sara Duterte's past bank balances, stating withdrawn funds do not prove the accuracy of her previous asset declarations. She urged for greater transparency regarding the funds.
The Philippine government is considering raising the mandatory bioethanol blend in gasoline from the current 10% to 15% (E15) to help curb high fuel prices and boost domestic production. The Department of Energy is closely monitoring the potential impact on the local sugarcane industry.
Philippine House Deputy Speaker Alfredo Benitez has condemned the insulting remarks made against Josh Aquino in a viral podcast, warning that freedom of expression does not grant a license to demean individuals with disabilities and calling for respect.
The Philippine government and the Moro Islamic Liberation Front (MILF) marked the 14th anniversary of the Framework Agreement on the Bangsamoro (FAB), with the peace process now shifting focus to 'normalization' following the region's first parliamentary elections.
The Department of Trade and Industry (DTI) announced that prices and supplies of basic and prime commodities, including bottled water, remain stable despite the looming effects of a 'Super El Niño,' urging the public not to panic.