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LATEST COMMENTARY

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FIVE THINGS TO KNOW

7:23 AM5-minute read

ABOUT LINO CAYETANO AND THE CHANGE AT THE PCO

President Ferdinand Marcos Jr. announced on October 11 that Lino Cayetano would replace Dave Gomez at the Presidential Communications Office. He said Gomez had been bypassed by the Commission on Appointments and that the change would be formalized when they returned from Singapore.

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6:10 PM4-minute read

ABOUT THE DISPUTE OVER CHANGING THE ORDER OF IMPEACHMENT WITNESSES

The argument at Thursday’s impeachment hearing was about which witness the prosecution could present next. It began with an absent lawyer and became a dispute over preparation and notice. Understanding the exchange helps explain why a courtroom can pause even when the parties, documents and another potential witness are already in the building.

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3:01 PM3-minute read

ABOUT MARK VILLAR’S MOVE TO THE SENATE MAJORITY

Senator Mark Villar has formally left the Senate minority and joined the majority. The October 8 move strengthens the bloc supporting the chamber’s leadership and gives Villar two significant positions. Its implications for Sara Duterte’s impeachment trial, however, require more than counting political allies.

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9:56 AM4-minute read

ABOUT THE MANAGER’S CHECKS AND THE QUESTIONS OVER SARA DUTERTE’S SALN

A bank balance can fall even when the value represented by the money has not disappeared. That distinction sits behind the prosecution’s questions about manager’s checks in Sara Duterte’s impeachment trial. To understand the October 7 testimony, we need to follow the instrument, the person entitled to its value and the declaration of assets for the relevant year.

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9:08 PM3-minute read

ABOUT WHAT COA’S REJECTION OF THE OVP APPEAL MEANS

COA has rejected the request to reconsider the ₱73.287-million disallowance involving the Office of the Vice President’s December 2022 confidential expenses. The October 5 resolution became public on October 7. Its significance is easier to understand when the amount, the audit finding and the available legal remedies are kept separate.

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7:47 AM3-minute read

ABOUT WHAT BANK SECRECY PROTECTS IN AN IMPEACHMENT TRIAL

The arguments over bank records in Sara Duterte’s impeachment trial involve several protections. The privacy of a peso deposit, the protection of a foreign-currency deposit, and the confidentiality of a report sent to the AMLC come from different rules. Understanding those differences helps explain what the court has allowed and what remains in dispute.

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8:43 AM8-minute read

ABOUT THE AMLC RECORDS IN SARA DUTERTE’S IMPEACHMENT TRIAL

₱4.4 billion is a figure that can dominate a conversation before anyone asks what it counts. AMLC Executive Director Ronel Buenaventura presented that approximate total in the Senate impeachment court on October 5, covering reported transactions involving Vice President Sara Duterte and her husband, Manases Carpio. He also explained that a bank correction had reduced the earlier figure of ₱6.7 billion.

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6:44 PM5-minute read

ABOUT THE COINS.PH CASH-IN RESTRICTION AND WHAT USERS SHOULD CHECK

If you use Coins.ph to receive money or pay bills, a failed cash-in can disrupt plans for the day. Coins.ph has announced that some incoming peso services are temporarily unavailable following a BSP directive to improve its internal controls. Its advisory also identifies services that existing customers can still use.

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12:00 PM5-minute read

ABOUT THE PROPOSED RULES ON SECONDHAND PHONES

A secondhand phone can put a useful device within reach of someone who cannot afford a new one. The problem comes when the buyer has no clear information about where it came from, what condition it is in, or who will fix it if it fails.

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8:35 PM6-minute read

ABOUT THE SUPREME COURT’S DECISION ON THE IMPEACHMENT VOTE THRESHOLD

The Supreme Court dismissed three petitions on September 30 challenging how the Senate impeachment court would count the votes needed to convict Vice President Sara Duterte. The dismissal leaves the Senate’s September 23 ruling in place, but it needs to be read carefully. A case can be dismissed because it does not meet the requirements for the Court to hear it, without settling whether the challenged action is constitutional.

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6:12 AM6-minute read

ABOUT WHAT BASTE DUTERTE SHOULD HAVE CHECKED AS MAYOR

Davao City Mayor Sebastian “Baste” Duterte told the Senate impeachment court on September 29 that he had been unfamiliar with GenCorp Industries Inc. before it came up in the proceedings. He also said he did not know about Vice President Sara Duterte’s declared business interest in the company.

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10:45 PM7-minute read

ABOUT THE OCTOBER WATER-RATE INCREASES

Metro Manila households served by Maynilad and Manila Water will see slightly higher water charges beginning October 1. The announced increases are small for many residential customers, but the figures vary by concessionaire and consumption level. That makes it easy to misunderstand a notice expressed only in centavos per cubic meter.

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7:21 AM6-minute read

ABOUT THE NOTE HANDED TO GIBO TEODORO IN SEOUL

Defense Secretary Gilberto “Gibo” Teodoro Jr. was answering questions at the Seoul Defense Dialogue on September 8 when a man handed him a note. He read it aloud, challenged its rejection of the 2016 South China Sea ruling and objected to being interrupted that way.

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9:55 AM8-minute read

ABOUT EL NIÑO AND PREPARING FOR LESS RAIN

It can be raining outside while PAGASA warns about El Niño. That can sound confusing when the immediate problem is a wet road or a flooded field. The two warnings describe different periods: the weather happening now and the rainfall conditions that may develop over the coming months.

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5:30 AM8-minute read

ABOUT THE NEW ARREST WARRANTS AGAINST ZALDY CO, MARTIN ROMUALDEZ AND TWO OTHERS

The Sandiganbayan has ordered the arrest of Zaldy Co, Martin Romualdez and two other accused in the plunder case filed on September 7. By Monday evening, authorities had served Romualdez's warrant and carried out booking procedures at Cardinal Santos Medical Center in San Juan. His arrest is a confirmed development; it does not establish that his three co-accused are also in custody.

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3:15 PM8-minute read

ABOUT THE PLUNDER CASE AGAINST MARTIN ROMUALDEZ

The Office of the Ombudsman filed a plunder case against former House Speaker Martin Romualdez at the Sandiganbayan on September 7 over his alleged involvement in flood-control kickbacks. The accusations have now reached the court that will handle the criminal case. Romualdez denies wrongdoing and remains presumed innocent.

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1:18 PM7-minute read

ABOUT THE NEW SWS POVERTY NUMBERS

Self-rated poverty and food poverty declined in June, but the figures also show how many Filipino families remain under pressure and why lower household budgets do not necessarily mean life became cheaper.

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2:02 PM11-minute read

ABOUT THE CHILDREN'S SOCIAL MEDIA SAFETY ACT

House Bill No. 9965 would bar children below 13 from having social media accounts, require parental consent for users aged 13 to 17, regulate platform algorithms, and impose fines reaching P50 million. It is still being deliberated in the House.

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12:02 PM7-minute read

ABOUT THE SEALED BIR BOX

Marcos authorized the BIR to comply with the Senate subpoena. That did not open the records to the public or prove the unexplained-wealth allegation.

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MCT READER PULSE · MCT-PULSE-2026-014

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MCT DAILY BRIEF

A conceptual editorial morning desk beside a rain-speckled, hazy Metro Manila window, with an air monitor, weather map, fuel receipt, boarding pass and coffee. Not a documentary image.

Good morning. The first concern today is the air: haze has reached parts of Metro Manila, Calabarzon, and Mimaropa, with government monitors reporting unhealthy conditions in several cities. Pilandok remains far from land, but it continues to strengthen the southwest monsoon. At the pump, motorists get a rollback after two weeks of increases. People booking flights face a higher fuel surcharge through September 15. Meanwhile, the country's July foreign portfolio-investment figure shows how quickly short-term capital can move.

1

HAZE PUSHES AIR QUALITY INTO UNHEALTHY LEVELS

The Environmental Management Bureau said haze, possibly connected to fires in Kalimantan, Indonesia, had reached parts of Metro Manila, Calabarzon, and Mimaropa. Ten Metro Manila monitoring locations were classified as having very unhealthy air, while Parañaque reached the agency's more serious “acutely unhealthy” category.

The source attribution was still qualified as of the latest advisory. What was not uncertain was the poor air recorded by the monitoring stations. At these levels, outdoor exertion should be limited. Children, older adults, pregnant women, and anyone with asthma or heart or lung disease need to be especially careful.

If going outside cannot be avoided, a well-fitting N95 or equivalent particle-filtering respirator provides better protection from fine smoke particles than a loose surgical or cloth mask. Indoors, close doors and windows when practical and set air-conditioning systems to recirculate rather than draw smoky air from outside.

WHAT TO WATCH

Check the nearest EMB air-quality monitor rather than relying only on how the sky looks. Watch for updated local advisories, class or activity suspensions, and symptoms such as wheezing, chest pain, shortness of breath, or worsening asthma.

2

PILANDOK REMAINS FAR FROM LAND, BUT HABAGAT IS STILL THE PRACTICAL THREAT

At 5 a.m., PAGASA placed the center of Tropical Depression Pilandok about 1,050 kilometers east of Extreme Northern Luzon. It had maximum sustained winds of 55 kilometers per hour and gusts of up to 70 kilometers per hour. No tropical cyclone wind signal was in effect, and Pilandok remained unlikely to make landfall.

Distance does not make the system irrelevant. Pilandok continues to enhance the southwest monsoon, bringing rain and strong gusts to large parts of Luzon and the Visayas and to portions of Mindanao. Coastal waters may also become rough to very rough in affected areas.

The practical mistake would be to watch only the storm's track. Local flooding, landslides, strong winds, and dangerous sea conditions can occur far from the cyclone's center when the monsoon is enhanced.

WHAT TO WATCH

Follow PAGASA's rainfall, thunderstorm, gale, and regional advisories for your location. Coastal communities, small fishing vessels, and residents in flood- or landslide-prone areas should follow local instructions even without a wind signal.

3

FUEL PRICES GO DOWN AFTER TWO STRAIGHT WEEKS OF INCREASES

Oil companies are cutting pump prices effective 6 a.m. today. The exact rollback differs slightly by company, but announced reductions are about 30 to 40 centavos per liter for gasoline and about ₱3.80 to ₱3.90 per liter for diesel. Kerosene is also going down by roughly ₱3.80 to ₱3.84 per liter.

The diesel reduction is the more noticeable change for public transport operators, delivery services, farms, and businesses that rely on diesel equipment. It may ease operating costs, but one rollback does not reverse the year's accumulated increases. As of August 31, year-to-date net increases remained about ₱54.92 per liter for gasoline, ₱59.06 for diesel, and ₱51.65 for kerosene.

Pump adjustments also vary by brand and location, and the effect on fares or food prices is not automatic. Those depend on a wider set of costs and, for regulated fares, formal government action.

WHAT TO WATCH

Check the posted price at your usual station before filling up. Watch the next oil-price adjustment and any transport-sector petitions, rather than assuming today's rollback will immediately reduce fares or retail prices.

4

AIRLINE FUEL SURCHARGES RISE FOR BOOKINGS MADE THROUGH SEPTEMBER 15

The Civil Aeronautics Board raised the allowable passenger and cargo fuel surcharge from Level 12 to Level 13 for September 1 to 15. Airlines that choose to collect it must apply, and they may not charge more than the Level 13 ceiling.

For domestic passengers, the allowable surcharge ranges from ₱423 to ₱1,237 for a one-way flight, depending on distance. For international flights originating in the Philippines, it ranges from ₱1,396.74 to ₱10,385.42.

The applicable surcharge is generally determined by when the ticket is issued. The travel date may be months later. A seat advertised at a low base fare can still produce a much higher checkout total once the fuel surcharge, taxes, and other charges are added.

WHAT TO WATCH

Compare the final payable amount with other offers. Before paying, check the fare breakdown and confirm whether the airline has applied the authorized surcharge for this booking period.

5

JULY “HOT MONEY” INFLOW FELL SHARPLY, BUT THIS IS NOT THE SAME AS FOREIGN DIRECT INVESTMENT

Foreign portfolio investments registered through authorized banks produced a net inflow of $66.47 million in July. That was about 91 percent lower than the $742.56-million net inflow recorded in July 2025 and below June 2026's $170.12 million.

These funds are often called “hot money” because they can move quickly into and out of stocks and debt securities. They are different from foreign direct investment, which usually involves a longer-term stake in a business or productive asset.

One monthly figure cannot provide a complete verdict on the economy. The seven-month direction deserves attention: from January through July, registered foreign portfolio investments showed a net outflow of about $3.94 billion, compared with a net inflow in the same period last year. Fast-moving capital can affect market sentiment and add pressure to the peso. Exchange rates also respond to many other domestic and global forces.

WHAT TO WATCH

Watch whether the year-to-date outflow narrows, whether the peso stabilizes, and what the Bangko Sentral ng Pilipinas says about inflation, interest rates, and foreign-currency reserves. One month's percentage change is less useful than the direction over several months.

BOTTOM LINE

Each headline today comes with a practical check. Poor air calls for less exposure. A distant cyclone still requires local weather monitoring. Lower pump prices do not erase months of increases. A higher airline surcharge makes the checkout total more useful than the seat-sale headline. The sharp fall in July “hot money” calls for watching the longer trend before anyone declares the economy safe or broken.

SOURCES

  1. Environmental Management Bureau PM2.5 guidancehttps://air.emb.gov.ph/denr-administrative-order-on-establishing-breakpoints-for-pm-2-5-air-quality-index-reviewed-and-approved-by-emb/
  2. GMA News Onlinehttps://www.gmanetwork.com/news/topstories/nation/1000608/haze-possibly-from-indonesia-fires-reached-ncr-calabarzon-mimaropa/story/
  3. PAGASAhttps://bagong.pagasa.dost.gov.ph/tropical-cyclone/severe-weather-bulletin/1
  4. Philippine News Agencyhttps://www.pna.gov.ph/articles/1283007
  5. GMA News Onlinehttps://www.gmanetwork.com/news/money/economy/1000521/pump-price-rollback-set-tuesday-september-1-2026/story/
  6. Civil Aeronautics Boardhttps://www.cab.gov.ph/index.php?c1=324&c2=405&c3=340&pg=downloads_list
  7. Bangko Sentral ng Pilipinashttps://www.bsp.gov.ph/statistics/external/fxflows.aspx

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