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FIVE THINGS TO KNOW

Afternoon6-minute read

ABOUT THE OVP’S 2027 BUDGET AFTER A 16-MINUTE SENATE HEARING

The Office of the Vice President’s proposed budget moved through a Senate panel today in 16 minutes. Vice President Sara Duterte was absent; her chief of staff answered for the office. Yesterday’s MCT explainer looked at parliamentary courtesy. Today’s question is what that short hearing actually did to the spending plan, and what it left for the Senate to examine.

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Afternoon6-minute read

ABOUT THE EDSA BUSWAY’S 2027 BUDGET GAP

The Department of Transportation is again asking Congress to fund the EDSA Busway. Its original ₱1.756 billion request received zero in the administration’s proposed 2027 National Expenditure Program. A House budget panel later inserted ₱75 million. Those two statements describe different stages of the same budget process. Neither tells us yet what Congress will finally approve.

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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.

Read the explainer →
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.

Read the explainer →
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.

Read the explainer →
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

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MCT DAILY BRIEF

MCT Daily Brief, October 23, 2026, with a file photograph of the BSP building.
BSP multi-storey building file photograph by SJasminum, February 28, 2023; cropped Commons version by Hariboneagle927. Navy premises are in the foreground. This is not the October 22 rate meeting. Cropped and overlaid with MCT text and branding. Photo adaptation: CC BY-SA 4.0; MCT logo trademark rights remain reserved. Original photo · CC BY-SA 4.0

Rosal has weakened to a typhoon, but dangerous conditions remain around Batanes. The Bangko Sentral has raised its policy rate again, while the peso ended Thursday at another record low. Government spending is also under scrutiny, from e-government contracts to next year's flood-control budget.

1

ROSAL IS WEAKER, BUT SEAS AROUND BATANES REMAIN DANGEROUS

In its 5 a.m. bulletin on October 23, PAGASA placed Typhoon Rosal 275 kilometers east-northeast of Itbayat, Batanes, with maximum sustained winds of 155 kilometers per hour and gusts of up to 190 kph.

The storm was moving northwest at 15 kph. Signal No. 2 remained over Batanes and the northeastern portion of the Babuyan Islands.

PAGASA forecast Rosal to leave the Philippine Area of Responsibility early Saturday, October 24. That projected exit does not mean dangerous weather ends at the same time.

Seas could reach 12 meters along the northern and eastern seaboards of Batanes. The reduction in wind strength should not be read as an all-clear for coastal communities or people planning sea travel.

WHAT TO WATCH

Follow PAGASA's next bulletin, changes in wind signals and local restrictions on travel. The forecast track and timing can still change.

2

BSP RAISES ITS POLICY RATE TO 5.50 PERCENT

The Bangko Sentral ng Pilipinas raised its policy rate by 50 basis points, or half a percentage point, on October 22, bringing it to 5.50 percent. It was the fourth consecutive increase.

The overnight deposit and lending rates moved to 5 percent and 6 percent, respectively.

The peso closed Thursday at ₱63.52 to the US dollar, weaker than Wednesday's ₱63.361 close.

Higher policy rates can feed into borrowing costs. What happens to an existing loan depends on its terms, so borrowers should check when their interest rate can change. A weaker peso can also raise the peso cost of dollar-priced imports, although shop prices depend on other costs as well.

WHAT TO WATCH

Watch banks' lending-rate announcements and the BSP's next inflation assessment. Thursday's exchange rate is a closing figure; the rate offered for a transfer or purchase can differ.

3

ALMIROL ANSWERS THE ALLEGATIONS BEHIND HIS SUSPENSION

DICT Undersecretary David Almirol Jr. has denied a conflict of interest involving roughly ₱1.55 billion in e-government contracts.

The Ombudsman ordered his six-month preventive suspension without pay while administrative complaints are investigated. The order cited at least eight contracts awarded to companies with financial links to Multisys, which Almirol founded.

In his October 22 response, Almirol said he had divested his interests on September 1, 2022, within 60 days of taking office. He said delays in corporate filings were outside his control.

He also said no DICT contract went directly to Multisys, that the questioned awards went through competitive bidding, and that he would cooperate with the investigation.

The suspension does not establish his guilt. The case concerns how public technology contracts were awarded and whether private business interests conflicted with official duties.

WHAT TO WATCH

The divestment records, procurement documents and the Ombudsman's findings after Almirol's defense is considered. Neither the allegations nor his denial settles the case.

4

DBM EXPLAINS 2026 FUND RELEASES AFTER THE SUPREME COURT RULING

Budget Secretary Kim Robert de Leon told the Senate on October 22 that no releases had been charged against the 2026 unprogrammed appropriations under Special Provisions 1(A) and 1(B), which were addressed by the Supreme Court's ruling.

Unprogrammed appropriations are standby spending authority in the budget, subject to funding conditions. They are not the same as money already released.

De Leon said releases from this year's unprogrammed funds had so far covered foreign-assisted projects supported by loan proceeds. DBM said it was working with the Senate on clearer conditions for the proposed 2027 budget.

Solicitor General Darlene Berberabe also said the government would seek clarification and review of parts of the ruling. That announced plan does not reverse the Court's decision.

WHAT TO WATCH

Watch the government's actual court filing, the Court's response and the final budget wording. For taxpayers, the question is which spending can proceed, under what conditions and with what public accounting.

5

MMDA PROPOSES ₱3.4 BILLION FOR FLOOD CONTROL

MMDA presented a proposed ₱6.56 billion budget for 2027 at Thursday's Senate finance hearing. Nearly 52 percent, or ₱3.4 billion, would go to flood control and sewerage management.

The money would support drainage systems, pumping stations and related work across Metro Manila.

These amounts are still proposals. The hearing does not mean the money has been approved, contracts awarded or projects completed. Residents of flood-prone communities need to know which nearby waterways and drainage facilities are included, and when the work would be finished.

WHAT TO WATCH

The final allocation, named projects and completion deadlines. Those records will allow residents to compare promised work with what actually happens in their communities.

BOTTOM LINE

For families around Batanes, the immediate concern remains dangerous weather and sea travel. For borrowers, it is how the latest rate increase reaches their own loans. The government-spending stories call for a longer watch: the court filings, contract records and project schedules that can show whether officials follow through.

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