PSEi drops to 2026 low as peso weakens

Inquirer.net - Nov 13, 2026

MANILA, Philippines — Local stocks fell for a third straight session on Friday, closing at their lowest level this year as a weaker peso and a downgrade to the country’s growth outlook weighed on sentiment. The benchmark Philippine Stock Exchange Index (PSEi) shed 67.06 points, or 1.18 percent, to close at 5,593.49, slipping below 5,600. READ:

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Chua on defense wanting longer trial: We call it ‘masochism’

Nov 13, 2026

Chua on defense wanting longer trial: We call it ‘masochism’

MANILA, Philippines — The supposed preference of Vice President Sara Duterte’s camp for a longer trial comes off as masochism for Manila Rep. Joel Chua, as the defense lawyers seem to enjoy seeing themselves ‘beaten and bloodied’ continuously. Chua, a member of the prosecution panel, said this during a press briefing on Friday as he

9 private hospitals in Caraga sign ‘No Balance Billing’ pact

Nov 13, 2026

9 private hospitals in Caraga sign ‘No Balance Billing’ pact

BUTUAN CITY — More patients in the Caraga region can now avail of hospital care without out-of-pocket expenses after nine private hospitals signed a memorandum of agreement (MOA) with the Philippine Health Insurance Corporation (PhilHealth) and the Department of Health (DOH) to implement the ‘No Balance Billing’ (NBB) policy. Dr. Beverly Lorraine Ho, PhilHealth acting

Alcantara: P213.75M in ‘commissions’ delivered to Estrada

Nov 13, 2026

Alcantara: P213.75M in ‘commissions’ delivered to Estrada

MANILA, Philippines — A total of P213.75 million worth of “commissions” were delivered to a hotel in Manila allegedly for Sen. Jinggoy Estrada, former Department of Public Works and Highways (DPWH) District Engineer Henry Alcantara testified before the Sandiganbayan Second Division on Friday. Speaking as a witness for the prosecution in the continuation of Estrada’s

SMC power unit backs DOE rule on surrendering assets

Nov 13, 2026

SMC power unit backs DOE rule on surrendering assets

MANILA, Philippines — San Miguel Corp.’s power arm signaled strong interest in the government’s coal mine auction and even praised the Department of Energy (DOE) for its controversial asset-surrender rule, a provision that has drawn the ire of incumbent operator Semirara Mining and Power Corp. (SMPC). Of the seven companies that attended a new pre-bid

GMA swings to P77-M loss in Q3

Nov 13, 2026

GMA swings to P77-M loss in Q3

MANILA, Philippines — Broadcast giant GMA Network Inc. slipped into the red in the third quarter of 2026, with sluggish advertising spending and the absence of election-related placements weighing on its revenues. In a disclosure on Friday, the company said it had incurred a consolidated net loss of P77.36 million from July to September, reversing the

Iligan public hospital opens cancer treatment facility for children

Nov 13, 2026

Iligan public hospital opens cancer treatment facility for children

ILIGAN CITY — Children with cancer in Iligan City can now receive free treatment closer to home following the opening of a pediatric oncology unit at the local government-run Gregorio T. Lluch Memorial Hospital (GTLMH) on Thursday, Nov. 12. The Iligan City Information Office said the new facility was established to address the difficulties faced

San Miguel 9-month profit drops 40% to P47.3B

Nov 13, 2026

San Miguel 9-month profit drops 40% to P47.3B

MANILA, Philippines — San Miguel Corp. (SMC) reported a 40-percent drop in net income to P47.3 billion in the first nine months of 2026, weighed down by unrealized foreign exchange losses and a high year-earlier base. The conglomerate said its 2025 results included a one-time gain from the Chromite transaction. Excluding that gain and other

Airline losses drag JG Summit’s 9-month profit down 33%

Nov 13, 2026

Airline losses drag JG Summit’s 9-month profit down 33%

MANILA, Philippines — JG Summit Holdings Inc.’s net income attributable to equity holders of the parent fell 33 percent to P12.5 billion in the first nine months of 2026, as higher jet fuel costs and a weaker peso weighed on its airline business. On Friday, the Gokongwei-led conglomerate pointed said the peso’s depreciation increased foreign exchange

Church network backs rehab push for Marcopper-hit Marinduque

Nov 13, 2026

Church network backs rehab push for Marcopper-hit Marinduque

CALAPAN CITY, Oriental Mindoro — The ecumenical network Philippine-Misereor Partnership Inc. (PMPI) has backed a call for the Marinduque provincial government to initiate a comprehensive ecological rehabilitation and restoration plan for communities and ecosystems damaged by decades of mining operations by Marcopper Mining Corp. In a statement issued on Thursday (Nov. 12), PMPI supported Resolution

20 charging points for EVs now available at NLEX

Nov 13, 2026

20 charging points for EVs now available at NLEX

MANILA, Philippines — Twenty charging points were added across the North Luzon Expressway (NLEX) amid a growing number of electric and hybrid vehicles, its operator announced Friday. According to NLEX Corp. in a statement, six of its service stops have been equipped with 20 EV charging points as of November 2026. READ: Toll board orders

ABS-CBN 9-mo losses widened to P2.95B

Nov 13, 2026

ABS-CBN 9-mo losses widened to P2.95B

MANILA, Philippines — ABS-CBN Corp. saw its losses widen by nearly a third in the first nine months of 2026, as weaker advertising demand and a shrinking cable subscriber base were further aggravated by “challenging market conditions” In a disclosure on Friday, the media company reported a consolidated net loss of P2.95 billion from January to

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