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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

MCT Daily Brief cover with a schoolbag, notebook, calculator and a USD to PHP card on a household table at dusk.

THE PESO FALLS PAST ₱63, CEBU SUSPENDS IN-PERSON CLASSES, AND SENATE TRIAL SPENDING FACES QUESTIONS

Good evening. Get your coffee ready. Here’s tonight’s briefing.

1

The peso closes at ₱63.06 against the dollar

The peso finished Thursday at ₱63.06 per US dollar, its weakest closing rate on record. During trading, it fell as far as ₱63.15 before recovering some ground. The closing rate and the intraday low are different figures, although both show how much pressure the currency faced today. [ABS-CBN report](https://www.abs-cbn.com/news/business/2026/10/15/peso-hits-record-low-of-p63-15-vs-dollar-in-intraday-trade-1040), [Daily Tribune report](https://tribune.net.ph/2026/10/15/peso-hits-record-low-close-of-p6306-as-stocks-rebound)

A weaker peso can raise the peso cost of imported goods priced in dollars. Businesses may absorb some of that cost or pass it on, so today’s exchange rate does not translate into an immediate, uniform price increase.

Families receiving dollars may get more pesos when they exchange their money. But that benefit can be reduced by transfer fees and higher household expenses.

WHAT TO WATCH

Friday’s trading and any BSP statement on the currency’s movement. For households, the practical question is whether sustained weakness begins appearing in the prices of imported goods and other dollar-linked expenses.

2

Poor air quality interrupts classes in several Cebu cities

Cebu City, Mandaue City and Lapu-Lapu City suspended face-to-face classes on Thursday because of poor air quality. The coverage differed: Mandaue’s notice covered all levels in public and private schools, while Lapu-Lapu’s covered kindergarten through Grade 12.

Schools were directed toward alternative arrangements, with details depending on the local order and the school. These were not nationwide suspensions, and Thursday’s notices should not be treated as automatic instructions for Friday. [GMA report](https://www.gmanetwork.com/news/serbisyopubliko/walangpasok/1005993/walang-pasok-class-suspensions-for-thursday-october-15-2026-due-to-poor-air-quality/story/?order=1&top_picks=)

For parents, another disrupted school day can mean arranging supervision, adjusting work schedules and finding ways for children to complete lessons at home. Clear, timely notices are especially important when families must make those arrangements overnight.

WHAT TO WATCH

Cebu City’s announced stakeholder meeting on Friday, October 16, along with fresh environmental readings and school advisories. Parents should check their own city and school announcements before leaving home.

3

Senate president disputes the ₱25-million daily impeachment figure

Senate President Sherwin Gatchalian says expenses directly linked to Sara Duterte’s impeachment trial totaled ₱14.55 million over 44 trial days, averaging approximately ₱330,763 a day.

In his October 14 statement, Gatchalian said the ₱25-million daily figure being circulated refers to operating the entire Senate, including salaries, maintenance, rentals and utilities. He said those expenses continue whether or not an impeachment trial is taking place. [Gatchalian’s statement](https://wingatchalian.com/news/statement-on-the-cost-of-the-impeachment-trial/)

That distinction changes the calculation. Counting the whole Senate’s operating expenses as additional trial spending does not show what the proceedings actually added to the bill.

The smaller figure still deserves examination. It is the Senate president’s reported accounting, not an independent audit, and taxpayers can ask for the records behind it.

WHAT TO WATCH

An itemized expense report and the final accounting after the trial. Those records should separate regular Senate spending from additional costs caused by the proceedings, rather than leave the public comparing competing headline figures.

4

OFW remittances rise from a year earlier, but decline from July

Cash remittances sent through banks reached $3.035 billion in August, up 1.9% from August last year, according to preliminary BSP figures reported by BusinessWorld. However, the amount was 6.3% below July’s total.

For January through August, bank-coursed remittances reached $23.424 billion, an increase of 2.2% from the same period in 2025. The annual increase and the monthly decline describe different comparisons; neither cancels out the other. [BusinessWorld report carried by Metrobank](https://wealthinsights.metrobank.com.ph/news/philippine-cash-remittances-drop-to-3-month-low-in-august)

These national totals do not mean every OFW family received more money. A household’s position depends on how much was sent, the exchange rate used, fees deducted and the bills waiting at home.

Today’s weaker peso may help some dollar recipients at conversion, but it does not establish that their overall purchasing power improved.

WHAT TO WATCH

The September remittance figures, which will show whether August’s decline from July continued. Families can also compare the pesos actually received after fees, rather than rely on the advertised exchange rate alone.

5

PSA estimates a smaller third-quarter palay harvest

The Philippine Statistics Authority estimates July-to-September palay production at 3.10 million metric tons, down 17.2% from the actual harvest in the same quarter of 2025.

The October 13 release used standing-crop information as of September 1. It remains an estimate, not the final count of everything harvested during the quarter. PSA also estimated a smaller harvest area, while output per hectare was slightly higher. [PSA release](https://psa.gov.ph/statistics/crops/palay-and-corn-estimates)

A smaller domestic harvest can put pressure on supply, but this report alone does not prove a rice shortage or establish a coming retail-price increase. Stocks, incoming shipments and the timing of distribution also affect what reaches markets.

For farmers, the immediate questions include how much they harvested, what buyers paid and whether their earnings covered production costs.

WHAT TO WATCH

The final third-quarter production report, updated rice inventories and the government’s supply plans. Those records will give a clearer picture of the gap between the estimated harvest and the rice available to consumers.

BOTTOM LINE

Tonight, families are dealing with pressures that can reach them in different ways: a weaker peso, interrupted classes and uncertainty over food supply. Government responses need to be specific enough for people to act on, whether that means a school notice before morning or a clear account of available rice stocks.

The same standard applies to public spending. A large figure should not be accepted simply because it sounds alarming, and a smaller official figure should not escape scrutiny simply because it comes from someone in authority.

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