IMF warns cost-of-living shocks cause 'lasting deterioration' in affordability

GMA Network - Oct 6, 2026

WASHINGTON, United States - The International Monetary Fund warned Tuesday that price increases for necessities like food and energy, fueled by the wars in Iran and Ukraine, were more persistent than previously expected.

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Groups hit proposed MAIFIP increase, seek bigger PhilHealth budget

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MANILA, Philippines — A House budget panel’s move to increase funding for the Medical Assistance for Indigent and Financially Incapacitated Patients (MAIFIP) program drew criticism on Tuesday, with several groups saying the additional funds should instead be used to strengthen the Philippine Health Insurance Corp. (PhilHealth). Healthcare professionals, budget watchdogs, labor groups and basic sector

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The House prosecution panel on Wednesday will continue its presentation of witnesses from banks and financial firms to testify on Article 2 of the impeachment case against Vice President Sara Duterte, alleging her unexplained wealth.

Bangsamoro group urges Marcos, MILF to complete peace process

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MANILA, Philippines — Several organizations from the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) urged President Marcos and Moro Islamic Liberation Front (MILF) chair Al Haj Murad Ebrahim to complete the peace process before the 50th Tripoli Agreement anniversary. In an issued manifesto, the 10-signatory organization called on Marcos to complete decommissioning and sign the

Bohol crop losses climb to P173M as drought worsens

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TAGBILARAN CITY — Crop losses in Bohol have reached an estimated P173.69 million due to the prolonged dry spell linked to El Niño, affecting 6,676 farmers in 24 of the province’s 48 municipalities and city, according to a partial assessment by the Office of the Provincial Agriculturist (OPA). The provincial government is now preparing for

No jackpot winners in Oct. 6 PCSO lotto draws

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MANILA, Philippines — No player won the jackpots in the Ultra Lotto 6/58, Super Lotto 6/49 and Lotto 6/42 draws Tuesday, Oct. 6, according to the Philippine Charity Sweepstakes Office. The Ultra Lotto 6/58 winning combination was 26-18-44-43-49-57 for a jackpot of ₱368.81 million. No ticket matched all six numbers. The Super Lotto 6/49 draw

Ombudsman dares BOC to share data; agency to back ‘lawful’ requests

Oct 6, 2026

MANILA, Philippines — Ombudsman Jesus Crispin Remulla challenged the Bureau of Customs (BOC) to commit to data sharing with the anti-graft body, noting that a lack of cooperation in this regard may be done to stall complaints. In response, the BOC on Monday said they are committed to work with the agency regarding “lawful” requests

BSP Piso Caravan brings currency exchange services to Ilocos Sur

Oct 6, 2026

SAN ILDEFONSO, Ilocos Sur — The Bangko Sentral ng Pilipinas (BSP) is bringing its Piso Caravan to Ilocos Sur, where residents can exchange unfit or mutilated Philippine currency for new banknotes or e-money. The Piso Caravan will be held on Thursday, Oct. 8, from 9 a.m. to 2 p.m. at Barangay San Juan in Candon

House OKs 30-year national infra master plan on 2nd reading

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MANILA, Philippines — The House of Representatives on Tuesday approved on second reading a bill that would institutionalize a 30-year national infrastructure master plan to ensure projects are implemented consistently, regardless of political changes. Lawmakers approved House Bill No. 11597, or the Masterplan for Infrastructure and National Development (MIND) Act, by voice vote. Designed as

Pangilinan notes Cale88 ownership change after P1.25B in transactions

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MANILA, Philippines —Senator-Judge Francis “Kiko” Pangilinan questioned on Tuesday the change in Cale88 Foods Corp.’s ownership after Anti-Money Laundering Council (AMLC) records allegedly showed over ₱1.25 billion in transactions from 2022 to 2025. Pangilinan recalled Securities and Exchange Commission (SEC) testimony that lawyer Manases “Mans” Carpio, husband of Vice President Sara Duterte, held 47.5 percent

Rising HIV cases recorded in Bukidnon

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VALENCIA CITY, Bukidnon — Despite local government efforts to curb human immunodeficiency virus (HIV) infections, cases continue to rise, with 24 newly confirmed patients recorded from January to September this year. Dr. Juniver Flores, head of the infectious disease unit at the Valencia City Health Office, told the Inquirer on Tuesday that those diagnosed are

IMF warns cost-of-living shocks cause 'lasting deterioration' in affordability

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