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Escudero elected presiding officer in VP Duterte trial

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The Senate impeachment court on Monday elected Senator Francis Escudero as presiding officer in the impeachment trial of Vice President Sara Duterte, prevailing in a 12-4 vote despite objections that the move could face constitutional scrutiny. Senators Alan Peter Cayetano and Pia Cayetano argued that the 1987 Constitution requires the Senate President, now Senator Win Gatchalian, a non-lawyer, preside over impeachment trials except when the President is the respondent. The siblings warned that naming another senator could invite legal challenges, noting that a petition questioning the designation of a presiding officer has already been filed before the Supreme Court by Alan Peter Cayetano.

Another Alex surnamed Diaz sets weightlifting world record

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In Philippine weightlifting, the surname Diaz no longer opens doors. It breaks records.

BOI sweetness incentives to build local clinker capacity

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The government is sharpening its industrial policy for the cement sector, extending fiscal incentives to integrated cement projects while encouraging manufacturers to produce more clinker locally to reduce import dependence and strengthen the domestic supply chain.

PEZA lands P83M IT investment in Davao

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The Philippine Economic Zone Authority (PEZA) has secured another investment for the country's expanding digital economy, signing a registration agreement with Industry Shared Services Centre Inc. for an P83-million information technology project in Davao City that is expected to generate more than 290 direct jobs.

Grab rolls put financial lifeline for local restaurants amid rising costs

Transport & Logistics Context.ph Context.ph -
Grab Philippines has launched a targeted support initiative to help local restaurant owners battle the crippling combination of rising utility bills and surging food costs. The assistance comes as inflation continues to squeeze the profit margins of micro, small, and medium enterprises (MSMEs) across the country.
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Moody’s projects inflation to return to target range by 2027-2028 as BSP earns high marks

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The Bangko Sentral ng Pilipinas (BSP) has earned fresh praise from sovereign credit giant Moody’s Ratings, which expects local inflation to steadily settle back within the government's two to four percent target range between 2027 and 2028.

Court orders arrest of VP Duterte

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A Quezon City Regional Trial Court has issued an arrest warrant for Vice President Sara Duterte over three counts of grave threats against President Ferdinand Marcos Jr., First Lady Lisa Marcos, and former House Speaker Martin Romualdez, the Department of Justice said Friday. The DOJ said the warrant means the court found probable cause against Duterte. Bail was set at P120,000 for each count. Duterte earlier asked the court to defer or recall the warrant. The case stemmed from public threats the VP issued against the 3. The grave threat is also among the charges in the impeachment complaint versus the Vpz

Mynt secures SEC approval for P92.32-billion IPO, first to benefit from eased public float rules

Corporate 0
The Securities and Exchange Commission (SEC) has given the green light to Mynt Inc., operator of leading digital payments platform GCash, for its initial public offering (IPO) valued at up to P92.32 billion.

Cool-down in August inflation offers brief respite, not policy pivot – analyst 

Banking & Insurance 0
The slight cooling of headline inflation to 6.1 percent in August from 6.2 percent in July provides a welcome breathing room, but it remains far from a signal for the central bank to ease its stance. Lower meat and vegetable prices helped pull down overall food inflation, though the decline was largely muted by accelerating rice costs and expensive transport amid persistent global oil strength. According to Bank of the Philippine Islands (BPI) lead economist Emilio S. Neri, Jr., this temporary easing is unlikely to alter the trajectory of monetary policy. He says that the Bangko Sentral ng Pilipinas (BSP) will likely stay on a tightening path, potentially raising the policy rate by 25 basis points in each of its final two meetings this year to hit 5.50 percent.
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