The Senate, sitting as an impeachment court, on Monday ordered banks to produce the peso account records of Vice President Sara Duterte and her husband, Manases Reyes Carpio, from 2007 to 2021, as House prosecutors seek to use these documents to prove whether she amassed alleged ill-gotten wealth. The court also subpoenaed the financial records of 19 corporations and one partnership linked to the couple, along with relevant documents from the Anti-Money Laundering Council, all to be submitted by July 30. It likewise allowed the production of the couple's income tax returns for the same period to establish their financial baseline, a key issue in one of the Articles of Impeachment. The ruling, issued by presiding officer Senator Francis Escudero, appeared to stem from an earlier caucus. But no vote tally was disclosed, and it remained unclear whether the senator-judges formally voted on the subpoenas.
Philippine employers may be managing one of Asia-Pacific's happiest workforces, but younger employees are sending a clear message that salary alone is no longer enough.
The country's largest electronics industry group is calling for closer coordination between government and the private sector to address recurring power disruptions in the Visayas, warning that unreliable electricity could erode the Philippines' competitiveness in the global semiconductor supply chain.
Metro Pacific Tollways Corp. is deploying temporary flood barriers, siphoning trucks and additional pumps along NLEX in Tulaoc, San Simon, Pampanga, after severe flooding caused hours-long traffic. Concrete barriers will cover about 300 meters in each direction to limit water entering the expressway. MPTC said pumping alone cannot clear the highway while surrounding areas remain flooded. The company also plans to further elevate the Tulaoc roadway once the bridge is raised, while coordinating with government agencies on longer-term flood-control solutions.
Major local fuel firms will roll back prices starting Tuesday, September 1, with diesel and kerosene falling by more than ₱3 per liter after two consecutive weeks of increases.
The Bureau of Customs is preparing Subic Bay International Airport as a potential alternative gateway for e-commerce shipments, opening another route for time-sensitive cargo and expanding Subic’s role in the country’s logistics network.
SB Equities Inc., the research and brokerage arm of Security Bank Corp., has lowered its income projections for property developer Ayala Land Inc. after the firm raised its outlook for operating expenses.