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LATEST COMMENTARY

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FIVE THINGS TO KNOW

Afternoon7-minute read

ABOUT DECLARING AN AMBASSADOR PERSONA NON GRATA

Several lawmakers want Chinese Ambassador Jing Quan sent home. The Chinese Embassy has challenged them to follow through. That exchange leaves an ordinary reader with a reasonable question: if our own officials say an ambassador should leave, why is he still here?

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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.

Read the explainer →
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.

Read the explainer →
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.

Read the explainer →
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.

Read the explainer →

MCT READER PULSE · MCT-PULSE-2026-015

MCT READER SURVEY

Dapat bang ideklara ng pamahalaan ng Pilipinas na persona non grata si Chinese Ambassador Jing Quan at hilingin sa China na pauwiin siya?

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MCT DAILY BRIEF

Morning Coffee Thoughts Daily Brief for October 20, 2026 morning, showing an illustrative cargo port and the official MCT logo.
Cover illustration of a cargo port. Not a photograph of a specific shipment.

A WIDER PAYMENTS DEFICIT, FLOOD-CONTROL REMOVALS AND A WEAKER PESO

Good morning.

The Philippines recorded a wider balance-of-payments deficit in September. Three Davao public-works officials have been removed during a flood-control investigation. The peso has also set another reported record-low close.

Here are five stories to follow this morning.

Reporting cutoff: October 20, 2026, 6:00 a.m. Philippine time.

1

SEPTEMBER PAYMENTS DEFICIT REACHES $3.144 BILLION

The BSP's latest table records a $3.144-billion balance-of-payments deficit for September, compared with $596 million in August. The January-to-September total was a $9.087-billion deficit. Reuters also reported the September figures on Monday. [BSP balance-of-payments table](https://www.bsp.gov.ph/Statistics/external/bop_pos.pdf) [Reuters](https://interaksyon.philstar.com/trends-spotlights/2026/10/19/320733/philippines-billion-balance-payment-deficit-september/)

The balance of payments records the country's transactions with the rest of the world. This is not the government's budget deficit, and the number does not mean the country has run out of money. It is a different measure from the peso's exchange rate.

These are figures for September and the first nine months of the year, not a running total for today. A wider deficit calls for a closer look at the transactions behind it, rather than treating the headline as proof of a single cause.

WHAT TO WATCH

the BSP's next release, revisions to the figures, and its fuller account of the money entering and leaving the country.

2

THREE DAVAO PUBLIC-WORKS OFFICIALS REMOVED

Public Works Secretary Vince Dizon has removed three Davao officials from their posts amid the NBI investigation into allegedly anomalous flood-control projects. GMA identifies them as District Engineer Richard Ragasa, Assistant District Engineer Lilibeth Sarmiento and Construction Chief Roberto Mamaril. [GMA Integrated News](https://www.gmanetwork.com/news/topstories/regions/1006348/dpwh-davao-officials-sacked-amid-probe-into-flood-control-projects/story/)

The move follows the NBI's filing of a complaint at the DOJ involving officials of Genesis88 Construction Inc. and unidentified respondents. That complaint and the personnel removals are separate steps. Neither is a court finding that the accused committed graft.

Residents still need to know whether the projects were built properly, whether they protect communities from flooding, and whether anyone must repair or pay for defective work.

WHAT TO WATCH

the written removal orders, the DOJ proceedings and project-by-project inspection findings.

3

PESO CLOSES AT A REPORTED RECORD LOW OF ₱63.09

The peso closed Monday at ₱63.09 to the US dollar, according to market reporting. That is Monday's closing rate, not a live quotation for this morning. A bank or remittance service may also offer a different rate after its fees and exchange-rate spread. [BusinessMirror](https://businessmirror.com.ph/2026/10/20/peso-slumps-to-new-record-low-as-global-oil-prices-rise/)

A weaker peso means businesses buying imported goods and households paying dollar-priced expenses need more pesos to cover the same dollar bill. Families receiving dollars may get more pesos, but that does not settle whether their overall budget is better off.

Not every retail price changes overnight, and the exchange rate is not the only cost businesses face.

WHAT TO WATCH

the next trading session and the BSP's upcoming policy decision. A predicted rate increase is not an announced decision.

4

ROMMEL SUPANGAN NAMED COAST GUARD COMMANDANT

President Ferdinand Marcos Jr. has chosen Vice Admiral Rommel Supangan to lead the Philippine Coast Guard, replacing retiring Admiral Ronnie Gil Gavan, according to Malacañang's announcement reported by PNA on Monday. [PNA: Coast Guard appointment](https://www.pna.gov.ph/article/rommel-supangan-named-new-pcg-commandant)

Supangan previously held leadership posts in the Coast Guard Fleet, Marine Environmental Command, and Strategic Studies and International Affairs Center.

The appointment changes who leads the service. It does not, by itself, add ships, crews or rescue equipment. The public test will be the work: protecting people at sea, responding to emergencies and keeping maritime operations ready.

WHAT TO WATCH

Supangan's stated priorities, the resources behind them and updates that show what the service is getting done.

5

VENA ENERGY'S EXPANSION IS A PROJECT PIPELINE, NOT ALL OPERATING POWER

DTI says Vena Energy's planned ₱245-billion Philippine expansion includes about 2.6 gigawatts of renewable capacity under construction or contract. PNA's Monday report breaks that into 1.3 GW under construction and another 1.3 GW contracted, separate from the company's existing operational capacity. [PNA: Vena Energy expansion](https://www.pna.gov.ph/article/vena-energy-expansion-to-add-26-gw-renewable-capacity-in-ph)

The plans were presented during an October 11 meeting in Singapore. This is not a claim that 2.6 GW switched on yesterday.

Projects still need to be completed and connected before their output can serve customers. The announcement gives no household bill reduction that readers can calculate.

WHAT TO WATCH

completion dates, grid connections, actual output and the terms under which the power will be sold.

BOTTOM LINE

That is the brief this morning. Follow what the records show, what has actually changed, and what still needs an answer.

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