I have had Tuesday volatility exhaustion for quite a while now. It’s a disease borne out of an alphanumeric that reads RA 8479, which, in plain language, is merely the Downstream Oil Industry Deregulation Act of 1998. “Merely,” of course, is doing a heroic amount of work.
In high school, our mentors taught us noun declensions, Caesar’s campaigns in Gaul and four-part harmony. Somewhere between Latin and music, we also acquired the comforting belief that we were neither rich nor poor. With P50 in our pockets, we could go places and still come home with change. Life was a picnic. We did not realize the picnic had an expiry date.
Woke up this morning hoping for a reset, with my circadian rhythm hopefully back on track after weeks of near-sleeplessness, due in part to bodily changes occasioned by advancing age and to the ayuda economy, which has gone from bad to worse to overdrive. I cannot believe what has recently been printed in both legacy news outlets and portals like the one where I currently work, or the level of absurdity that has pervaded the country. When I ask any reasonable person what ails the Philippines, with its rich resources and poor economic performance, the retort and the discussion that follow quickly turn absurd. The survey firms Pulse Asia and OCTA have a four-word answer: the cost of living. Two-thirds of the country say the most urgent issue is inflation, and that “public sentiment . . . is being shaped primarily by economic strain and the rising cost of living.”
Quite a lot of us have had the experience. We open our banking app to send P500 to a godson for his birthday, and the screen politely informs us that this act of generosity will cost us P25. Nakagulat. Five percent of our kindness, gone—not to our godson, not to charity, but to a fee whose only visible purpose is to exist. Haay naku.
Where I live, Thursday mornings are dedicated to the ritualistic pilgrimage to the local talipapa, a humble expedition to secure a week’s worth of sustenance for the household. Our modest needs are dictated less by appetite and more by the pragmatic demands of advancing age. Reaching for a favorite, I inquired about the price of a kilo of pompano—a fish that, not so long ago, went for a respectable ₱440.
Slower economic growth, elevated inflation, and softer consumer demand weighed on GT Capital Holdings Inc.’s businesses, pulling consolidated net income down 10 percent to P23.3 billion in the first nine months of 2026, even as its banking and automotive units continued to generate substantial earnings.
Strong investor demand enabled Bank of Commerce (BankCom), an affiliate of San Miguel Corp., to raise P17.4 billion from its latest bond offering, more than 3.4 times the minimum P5-billion issue size despite a challenging market environment.
The Board of Investments (BOI) remains confident of meeting its P1-trillion investment approvals target this year, but is shifting greater attention to the policy environment and industrial planning needed to sustain project inflows beyond its own investment pipeline.
ACEN is tightening its investment pipeline, preparing to surrender some renewable energy service contracts, and reshuffling its leadership as it shifts from rapid expansion to improving project returns, operating efficiency, and profitability.