High fuel prices, peso slump ground CebuPac to P12.8-B loss

Inquirer.net - Nov 12, 2026

MANILA, Philippines — Budget carrier Cebu Pacific sank deeper into the red in the first nine months of 2026, posting a P12.8-billion net loss after a double whammy of soaring jet fuel costs and a weakening peso. This marked a reversal from the P9.46-billion profit that the Gokongwei-led carrier booked in the same period in 2025.

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AMLC witness: Romualdez’s cash inflows not traced to DPWH, Zaldy Co

Nov 12, 2026

MANILA, Philippines — A financial investigator from the Anti-Money Laundering Council (AMLC) has observed that no cash inflows of former House Speaker Martin Romualdez were traceable to the Department of Public Works and Highways (DPWH), former lawmaker Zaldy Co, and contractors from June 2022 to September 2025. Atty. Jan Mark Busa made this known as

Drone flights banned at Clark, Subic during Asean Summit

Nov 12, 2026

MABALACAT CITY — The Central Luzon police have prohibited drones from flying over the Clark Freeport Zone in Pampanga and the Subic Bay Freeport Zone during the 49th Association of Southeast Asian Nations (ASEAN) Summit from Nov15 to 18. The ban covers recreational, commercial, and other unauthorized drone flights during the summit period, said Brigadier

PCG containing oil spill after vessel sinks off Surigao del Sur

Nov 12, 2026

BUTUAN CITY— The Philippine Coast Guard (PCG) has launched containment and cleanup operations for an oil spill triggered by the sinking of a landing craft tank off Carrascal, Surigao del Sur, on Tuesday. In a report, the PCG said Landing Craft Tank (LCT) 8 sank off Carrascal after strong winds and rough sea conditions battered

Alabang Town Center boosts Rockwell Land’s 9-month profit

Nov 12, 2026

MANILA, Philippines — Higher residential sales and a jump in commercial revenues from its acquisition of Alabang Commercial Corp. lifted Rockwell Land Corp.’s net income attributable to the parent company by 21 percent to P3.8 billion in the first nine months of 2026. The Lopez-led property developer said consolidated net income rose 18 percent to P4.19

AGI Jan-Sept profit rises 5% to P22.3B

Nov 12, 2026

MANILA, Philippines — Alliance Global Group Inc. (AGI) grew its nine-month net income by 5 percent to P22.3 billion in 2026, driven by stronger brandy sales and higher leasing and hotel revenues, which boosted earnings in the third quarter. On Thursday, AGI said the increase was based on a year-earlier net income of P21.2 billion, after

Filinvest Land profit falls 4.8%

Nov 12, 2026

MANILA, Philippines —Lower residential revenues pulled Filinvest Land Inc. (FLI) net income down 4.8 percent to P3.47 billion in the first nine months of 2026, despite a jump in home reservations. On Thursday, the Gotianun-led property arm said it booked P19.43 billion in consolidated revenues and other income through September. READ: Filinvest first-half profit slips

PNP: Cases handled by slain Basilan RTC judge a possible motive

Nov 12, 2026

MANILA, Philippines — The Philippine National Police (PNP) said that they are looking into the cases handled by Basilan Regional Trial Court (RTC) Presiding Judge Joseph Wee Sit to investigate the possible motive for his death. Sit, presiding judge of the RTC Branch 2 in Isabela City, was shot and killed by two unidentified men

Pasay, Paranaque vendors affected by Asean Summit to get P10,000 aid

Nov 12, 2026

MANILA, Philippines—The Department of Social Welfare and Development (DSWD) on Thursday said vendors whose stalls will have to be temporarily closed as part of security measures being implemented for the Asean Summit next week will each get P10,000 in financial aid and family food packs. In a statement, Social Welfare Secretary Rex Gatchalian assured that

Farmers question delay in 60-day pork import restriction

Nov 12, 2026

MANILA, Philippines — The Federation of Free Farmers (FFF) has welcomed the government’s 60-day restriction on certain pork imports but questioned the Department of Agriculture’s (DA) delay in implementing the measure, saying the agency should have acted sooner as rising imports and frozen pork inventories continued to drive down prices received by local hog raisers.

Chua likens BPI witness to opening Pandora's box for defense

Nov 12, 2026

The defense team decided against fielding a witness from the BPI because there was no guarantee their testimony would favor the Vice President, the House prosecution panel said.

VP Duterte defense witness says young players deserve free shoes

Nov 12, 2026

MANILA, Philippines — The young basketball players and their guardians “deserve” the free shoes they received from Vice President Sara Duterte’s husband, Atty. Manases Carpio, a defense witness told the Senate impeachment court on Thursday. Chadrin Parian, a parent of one of the players in Elite Philippines — the youth basketball team where Carpio serves

Mindanao lawyers condemn ‘chilling’ assassination of Basilan judge

Nov 12, 2026

CAGAYAN DE ORO CITY — A network of lawyers in Mindanao has strongly condemned the dawn assassination of a Basilan regional trial court judge in Zamboanga City, calling the ambush a “chilling strike” against the region’s judiciary. Judge Joseph Wee Sit of the Regional Trial Court (RTC) Branch 2 in Basilan was driving through Barangay

High fuel prices, peso slump ground CebuPac to P12.8-B loss

More News

AMLC witness: Romualdez’s cash inflows not traced to DPWH, Zaldy Co

Drone flights banned at Clark, Subic during Asean Summit

PCG containing oil spill after vessel sinks off Surigao del Sur

Alabang Town Center boosts Rockwell Land’s 9-month profit

AGI Jan-Sept profit rises 5% to P22.3B

Filinvest Land profit falls 4.8%

PNP: Cases handled by slain Basilan RTC judge a possible motive

Pasay, Paranaque vendors affected by Asean Summit to get P10,000 aid

Farmers question delay in 60-day pork import restriction

Chua likens BPI witness to opening Pandora's box for defense

VP Duterte defense witness says young players deserve free shoes

Mindanao lawyers condemn ‘chilling’ assassination of Basilan judge

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