Homeownership Drifts Further Out of Reach as Mortgage Rates Rise

New York Times - Oct 15, 2026

Mortgage rates have pushed above 7 percent and home prices remain elevated, hurting the prospects of would-be buyers.

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PCC fines onion importers a record P1.76-billion for alleged cartel behavior

Oct 15, 2026

PCC fines onion importers a record P1.76-billion for alleged cartel behavior

The PCC penalized several onion importers and traders for cartel behavior which led the price of local onion to surge to around P800 per kilo in 2022. They were fined a record P1.76 billion.

BIR misses end-Q3 revenue target

Oct 15, 2026

BIR misses end-Q3 revenue target

MANILA, Philippines — The Bureau of Internal Revenue (BIR) fell short of its revenue target for the first nine months of the year by P43 billion, though it still posted double-digit growth in September. As of Oct. 13, the latest data showed that the BIR collected P203.58 billion in September, an 11-percent jump from the

1PWD party-list filing complaint vs Machong Chismisan hosts

Oct 15, 2026

1PWD party-list filing complaint vs Machong Chismisan hosts

MANILA, Philippines — 1PWD party-list Rep. JD Castro said that his group will file a complaint before the National Bureau of Investigation (NBI) against Machong Chismisan podcast hosts over their insensitive remarks directed towards people with disabilities (PWD). The five male hosts faced backlash after they made comments about Joshua “Josh” Aquino, the eldest son

Samar town shifts to 4-day workweek amid Super El Niño

Oct 15, 2026

Samar town shifts to 4-day workweek amid Super El Niño

TACLOBAN CITY — The municipal government of Pagsanghan, Samar, will adopt a four-day onsite workweek and work-from-home arrangements every Friday to conserve electricity and water amid the prevailing Super El Niño conditions. Under the new schedule, Mayor Sed Hendrix Tan said on Thursday that municipal offices will operate from Monday to Thursday, with working hours

Former Senate leader Koko Pimentel calls for respect for PWDs

Oct 15, 2026

Former Senate leader Koko Pimentel calls for respect for PWDs

MANILA, Philippines — Former Senate President Aquilino “Koko” Pimentel III on Thursday appealed to the public, especially to content creators, to respect the dignity of persons with disabilities (PWDs). Pimentel made the pronouncement following a controversial episode of the now-terminated podcast “Machong Chismisan.” The podcast drew widespread criticisms after its hosts’ made derogatory remarks about

Palace: No talks on Sara Duterte replacement yet ‘out of respect’

Oct 15, 2026

Palace: No talks on Sara Duterte replacement yet ‘out of respect’

MANILA, Philippines —  President Ferdinand Marcos Jr. has yet to discuss a replacement for Vice President Sara Duterte in the event of her conviction in the impeachment trial, out of respect for her position, Palace press officer Claire Castro said on Thursday. There have been circulating reports that House Speaker Faustino “Bojie” Dy III is poised

Before ‘maleta,’ durabox used to haul alleged kickbacks, Sandiganbayan told

Oct 15, 2026

Before ‘maleta,’ durabox used to haul alleged kickbacks, Sandiganbayan told

MANILA, Philippines — Prior to suitcases (maleta), the purported bagmen of former Ako Bicol Rep. Zaldy Co used durable plastic boxes called “duraboxes” to haul cash intended for alleged kickbacks. This is what a witness at a Sandiganbayan Third Division hearing revealed on Thursday. Rodante Orbillo made this known when he took the witness stand

P3. 6-M ‘shabu’ seized from alleged Lanao Sur big-time drug peddler

Oct 15, 2026

P3. 6-M ‘shabu’ seized from alleged Lanao Sur big-time drug peddler

COTABATO CITY — In a span of less than a week, another alleged big-time drug peddler in Lanao del Sur was arrested, yielding P3.6 million worth of suspected shabu during a buy-bust operation in Taraka town on Thursday, police said. In a statement, Brig. Gen. Christopher Abecia, Director for Police Regional Office-Bangsamoro Autonomous Region (PRO-BAR),

Palace: Marcos ‘trusts’ son Sandro’s decision on political party switch

Oct 15, 2026

Palace: Marcos ‘trusts’ son Sandro’s decision on political party switch

MANILA, Philippines — President Ferdinand Marcos Jr. trusts his son, House Majority Leader Ferdinand Alexander “Sandro” Marcos, to make the right decision about his political affiliation, Palace press officer Claire Castro said Thursday. Castro was responding to reports that Rep. Marcos had joined Lakas-CMD, leaving Partido Federal ng Pilipinas (PFP), the political party headed by

Northern Mindanao fish farmers told to prevent El Niño fish kills

Oct 15, 2026

Northern Mindanao fish farmers told to prevent El Niño fish kills

CAGAYAN DE ORO CITY — With “super” El Niño threatening local aquaculture, the Bureau of Fisheries and Aquatic Resources-Region 10 (BFAR-10) urged aquaculture farmers to implement early interventions to prevent massive losses. “Don’t wait for fish kills before acting,” BFAR-10 warned in its advisory on Wednesday. “When water heats up and decreases, farmed fish are

Mortgage Rates Hover at 7.4%, Highest Since 2023

Oct 15, 2026

Mortgage Rates Hover at 7.4%, Highest Since 2023

The average 30-year, fixed-rate mortgage has steadily risen in recent weeks, compounding affordability challenges for many Americans.

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