Briefs

PDIC to sell Luzon assets

THE Philippine Deposit Insurance Corp. (PDIC) is set to offer for sale 76 properties based in Luzon through electronic public bidding (e-bidding) via the PDIC Assets for Sale site with bids accepted starting at 9:00 a.m. on October 21 until 1:00 p.m. on October 22, and the opening of bids at 2:00 p.m. on October 22, In a statement, the PDIC said headlining the portfolio are 14 residential properties in Laguna. The e-bidding will also offer a dozen vacant agricultural and five vacant residential properties in Palawan. Minimum bid prices start at P64,270.00, the statement read. Other assets to be sold are 19 vacant residential properties, 13 properties classified as residential with improvements, 6 vacant agricultural properties, 5 properties classified as mixed residential/agricultural, and 2 properties classified as agricultural with improvements.

BPI touts award

THE Bank of the Philippine Islands (BPI) announced it has been recognized as the country’s ‘Best Bank for SMEs’ by the Haymarket Media Group, the privately-owned media firm behind the ‘FinanceAsia Awards 2026.’ A statement by the lender read the award ‘[affirmed] its commitment to helping small and medium enterprises (SMEs) access financing, manage their businesses, and pursue growth.’ ‘The recognition highlights BPI’s continued efforts to be a trusted banking partner for Filipino entrepreneurs through tailored financial solutions, digital innovations, and initiatives that respond to the evolving needs of businesses,’ the statement further read.

Upper House debates law changes report

The Senate on Monday debated a report proposing changes to election laws and the constitution, including reforms to the Election Commission (EC).

The report, prepared by the Senate committee on political development, public participation, human rights, freedoms and consumer protection, proposes amendments to the constitution, the organic law on the EC and the organic law on the election of MPs.

Among the proposals are using the same party number for constituency and party-list candidates, setting a minimum threshold for party-list votes, allowing citizens to vote in their place of residence without changing their household registration, and giving parliament a role in selecting EC members.

The report also proposes allowing 50,000 citizens to petition parliament to remove EC members.

Other proposed changes include lowering the minimum age for EC candidates to 35 and requiring the EC to publish summaries of its rulings within seven days. The proposals would also require the EC to complete checks on candidates’ qualifications within three days.

Most senators who spoke supported the report and called for structural changes to strengthen the EC’s independence and protect it from political influence.

Senator Nantana Nantawaropas backed separating the EC’s election administration and investigative powers, arguing that the EC should focus on organising elections while investigations should be handled by the courts.

She also supported allowing citizens to initiate the removal of EC members and parliament to vote on their removal.

Senator Pornchai Witthayalerphan said the EC currently acts as election organiser, investigator, adjudicator and authority to order recounts or new elections, creating potential conflicts of roles.

He cited the EC’s investigation into alleged collusion in the Senate election, which resulted in 77 cases being referred to court, as a reason to reconsider the EC’s structure.

However, some senators from the majority “blue group” opposed transferring the EC’s investigative powers.

Senator Phisit Apiwatthanaphong said agencies such as the Department of Special Investigation, which operates under a minister, should not be allowed to intervene in EC investigations, arguing this could undermine fairness.

Senator Kob Atchanakitti questioned the proposal to give citizens the power to remove EC members, warning that it could deepen divisions.

He defended the existing constitutional framework and said any amendments to the EC and election laws should begin in the House of Representatives.

DepEd says South Cotabato school shooter’s father relieved from post

The father of the student behind the school shooting in a South Cotabato high school has been relieved from his post at the Department of Education (DepEd), agency officials said on Tuesday.

During the House of Representatives’ plenary discussions on DepEd’s proposed budget for 2027, Davao de Oro Rep. Maria Carmen Zamora gave this update when asked by Akbayan Rep. Percival Cendaña about the agency’s response to the shooting incident at the Banga National High School last Friday – which claimed the lives of three students and injured six others.

Cendaña’s question particularly delved on the actions taken by DepEd regarding the student’s father – an officer of DepEd Region XII – as he allegedly owns the firearm used in the gun attack.

‘Lumabas sa imbestigasyon na ang baril na ginamit ay pagmamay-ari ng ama ng bata – reportedly a Disaster Risk Mitigation Officer of DepEd Region XII. Tanong lang po natin Mr. Speaker, distinguished Sponsor, ano pong administrative at legal liability ang ipapataw ng DepEd sa mga kawani nitong hindi nakapagtago nang maayos ng kanilang mga armas?’ Cendaña asked.

(It appears from the investigations that the guns used were owned by the student’s father – reportedly a Disaster Risk Mitigation Officer of DepEd Region XII. Our question, Mr. Speaker, distinguished Sponsor, what are the administrative and legal liabilities that DepEd will impose on its officers who fail to properly store their firearms?)

‘We share the same sentiment with his Honor, and the DepEd is also seriously addressing these concerns. With regards to the question as what is the liability, what action, what are the actions taken by the department with the parent. Mr. Speaker, your Honor, the parent was already relieved from his post as DRRM of the department,’ Zamora, sponsor of the DepEd budget, replied.

Cendaña said it is saddening that he is talking about a new school shooting tragedy when during the committee deliberations on DepEd’s proposed budget, he and other lawmakers raised concerns about a previous incident – the one in Ateneo de Zamboanga University last August 18.

The lawmaker then asked if there are any existing policies within DepEd regarding officers who own firearms.

‘May internal policy po ba or administrative circular ang DepEd regarding responsible gun ownership or gun ownership in general, ito po ba ay ina-allow ng DepEd amongst its staff and officials?’ Cendaña asked.

(Is there an internal policy or administrative circular from DepEd regarding responsible gun ownership or gun ownership in general, does the DepEd allow this amongst its staff and officials?)

‘As to the internal policy of the department, there is no internal policy within the department. But the department subjects it to the discretion of every employee, every personnel of DepEd to adhere with the existing laws on proper handling of firearms,’ Zamora said.

‘Sa mga nangyayari pong karahasan involving guns in our schools, mukhang marapat na po sa lalong madaling panahon, magkaroon ng internal policy at administrative circular ang [DepEd] pagdating po sa responsible gun ownership. At posible nga po, baka medyo mas extreme pa, on top of responsible gun ownership, stricter gun ownership policies within the department,’ he added.

(With the recent violent incidents involving guns in our schools, it seems timely for the [DepEd] to have an internal policy at administrative circular regarding responsible gun ownership. And it is possible, maybe more extreme, on top of responsible gun ownership, stricter gun ownership policies within the department.)

Reports quoting Banga Mayor Albert Palencia stated that the 16-year-old student behind the shooting incident at the high school had planned the attack as early as August and had warned some of his classmates hours before carrying it out.

Palencia last Saturday said that police investigators had briefed him on the teenager’s alleged plans based on group-chat conversations recovered from the student’s cell phone.

The conversations reportedly showed that the attack was initially set for Sept. 3 but did not push through, the mayor said.

Some classmates apparently knew about the plan and skipped school on Friday, Palencia said. Hours before the shooting, the teenager allegedly told friends and classmates to go home after lunch because he was about to carry out his plan.

The warnings, however, were reportedly dismissed as jokes because the student was known among his classmates for joking around.

School-related violence has seen an uptick in the country over the recent months – with the incident in South Cotabato being the third gun attack inside campuses in only three months.

Last June 22, three students were killed and five others were wounded when two suspects – both minors and students – opened fire inside the San Jose National High School campus in Tacloban City, Leyte.

The suspects, a 14-year-old boy and a 15-year-old boy at the Grade 9 level, were arrested on the same day. A Glock pistol and a caliber .38 revolver were confiscated from them.

Then on August 18, the Ateneo de Zamboanga University confirmed that two individuals – including the Grade 9 student tagged as the shooter – died after another shooting incident.

Due to the incidents, several lawmakers and government officials have called for a social media ban for children, amid fears that unrestricted online access has influenced students to initiate shooting incidents.

There is a belief that the perpetrators in both incidents were supposedly exposed to violent content online or joined groups engaged in nihilistic violent extremist (NVE) behavior or senseless violence.

Last August 28, Senator Risa Hontiveros relayed that Philippine authorities have been able to secure a commitment from Meta, which owns and manages social media sites Facebook, Instagram, and Threads, along with other messaging apps, to provide authorities important information should they spot a possible threat to children.

Asian Games: China sweeps Japan for women’s volleyball crown

China swept host Japan 25-19, 25-20, 25-23 on Tuesday to capture its third straight Asian Games women’s volleyball gold medal and a record-extending 10th title in the competition.

China controlled the first two sets before Japan mounted its strongest challenge in the third, only for the defending champions to close out the match 25-23.

The victory completed a demanding two-day finish for China, which had needed five sets to eliminate Thailand in Monday’s semifinals.

That semifinal carried added weight after Thailand beat China in the Asian championship final just 22 days earlier, denying the Chinese a direct berth to the 2028 Los Angeles Olympics.

China coach Zhao Yong said after the rematch that his players’ desire had made the difference.

‘The players had the determination to win from beginning to end,’ Zhao told People’s Daily after the semifinal. ‘I think their desire to win on the court was a little stronger.’

Captain Gong Xiangyu told the same outlet that China had spent the weeks after the Asian championship defeat searching for its best form.

‘Mindset is the core factor that determines performance on the court,’ Gong said.

The turnaround ended with China repeating its 3-0 victory over the Japanese in the 2023 Hangzhou Asian Games final.

Sandiganbayan orders suspension of Jojo Ang for graft

The Sandiganbayan Sixth Division has ordered the 90-day suspension of Uswag Ilonggo party-list Rep. Jojo Ang, who faces 14 counts of graft in court.

The resolution was promulgated by the anti-graft court’s Sixth Division on Sept. 21 but was only furnished to the media on Tuesday.

‘The Court hereby orders the SUSPENSION pendente lite of accused James Ang Dit Ang Jr. as member of the House of Representatives, and from any other public position he may now or hereafter hold for a period of 90 days from receipt of this Resolution,’ the four-page resolution stated.

The court resolved this matter after Ang submitted his explanation on Sept. 1 as to why he should not be suspended.

In his manifestation of compliance, Ang noted that preventive suspension is not automatic since the anti-graft court required him to comment on the prosecution’s request to order his preventive suspension.

‘As pointed out by accused Ang, suspension under the said provision is not automatic,’ the court said. ‘However, it is mandatory.’

According to the resolution, the Supreme Court ruled that the Section 13 of Republic Act No. 3019, which mandates the suspension of a public official, makes it mandatory for the Sandiganbayan to implement the suspension if the Information has been filed.

Ang already pleaded not guilty to two counts of graft filed during his arraignment, where the Informations containing their formal charges were read against him.

With this plea, the court said ‘any remaining objection to the validity of the Informations has been deemed waived.’

‘In fine, the requisites for suspension under Sec. 13 of Republic Act No. 3019 have been met,’ the resolution said.

Prosecutors indicted Ang for alleged violation of Section 3(h) of Republic Act 3019 or the Anti-Graft and Corrupt Practices Act.

Students help drive 74.5% rise in second-quarter condo sales

The condominium market in Chon Buri recovered in the second quarter of 2026, supported by student-related purchases, before demand shifted towards industrial workers in the third quarter, according to SET-listed Origin Property.

Apisit Soonthronchukiat, chief marketing and sales officer, said demand in Chon Buri remained resilient, with foreign buyers, students and industrial workers driving condominium sales in Pattaya, Bang Saen and Si Racha, respectively.

“Student demand typically peaks when universities reopen, as parents buy condos for their children, while investors seek units to tap the student rental market,” he said.

According to the Real Estate Information Center, condominium sales in Chon Buri jumped 74.5% year-on-year in the second quarter, helping to drive a 39% increase in the province’s residential sales.

The best-performing areas were Pattaya-Na Jomtien, where sales increased by 21% on foreign demand, and Bang Saen-Nong Mon-Bang Phra, which grew by 9% on purchases linked to student demand.

However, student-related purchases dropped after universities had been open for a while in the third quarter, while demand from workers employed at industrial estates increased to fill the gap, Mr Apisit said.

“Rental demand in the Eastern Economic Corridor provinces is very strong, with some companies seeking 30-40 new condo units for employees,” he said. “We rent them to companies before selling the units with tenants to investors.”

Origin targets this corporate rental demand with ready-to-move-in projects that have fewer than 100 remaining units, creating an opportunity to sell units to investors with secured rental contracts.

Mr Apisit said the shift towards renting is also spreading among younger workers, who value greater flexibility and face tighter mortgage conditions amid economic and global uncertainties.

The trend is also visible in Greater Bangkok, where condo demand remains but mortgage qualification has become a major obstacle, particularly for buyers seeking units priced below 3 million baht.

Origin’s average mortgage rejection rate stood at 40% in the first eight months of the year, with the highest rate recorded among buyers of units priced between 1.5-3 million baht, many of whom were first-jobbers with limited credit histories.

“Consumer instalment obligations, whether through financial institutions or retailers, are included in lenders’ assessments of borrowers’ repayment capacity when they apply for home loans,” said Mr Apisit.

He added that the fourth quarter would provide an opportunity for developers to accelerate condominium sales through events and campaigns, but developers must work harder across online, offline and agent channels to meet targets.

“Even if the transfer target is 100%, developers have to sell 150% to achieve it, whether through online and offline marketing or sales through agents,” he said.

Thai badminton star challenges doping ruling

Thailand’s rising badminton star Pitchamon Opatniputh has moved swiftly to challenge her positive drug test, requesting an analysis of her B sample after becoming the first confirmed doping case of the Asian Games in Japan.

The world No.18 returned a positive test for furosemide, a diuretic used for rapid weight loss. The sample was collected during out-of-competition testing by the International Testing Agency (ITA) on Sept 17 – a day after she arrived in Nagoya.

Pitchamon has been provisionally banned from competing, training, coaching or participating in any activity during the tournament. She can challenge her suspension at the Court of Arbitration for Sport.

Tourism and Sports Minister Surasak Phancharoenworakul said the case is currently in the appeal process, specifically regarding the testing of the B sample. Results are expected soon following the initial detection of the banned substance.

He said it was suspected that the incident arose from a lack of awareness after Pitchamon informed the Badminton Association of Thailand that the substance may be related to an anti-inflammatory ointment.

Mr Surasak added that both the athlete and the association are well aware of the need for caution regarding the use of any type of medication.

Given that the detection of a prohibited substance would impact competition, he emphasised that the association and the national team staff remain vigilant and prioritise this issue.

‘In Pitchamon’s case, the incident may have stemmed from a lack of awareness, even though she has regularly competed at the international level where random testing is a standard procedure,’ he said.

He insisted that the Sports Authority of Thailand (SAT) and the BAT have consistently provided education regarding all types of drugs and prohibited substances, while maintaining full cooperation with the World Anti-Doping Agency (Wada).

Thai Olympic Association chief Pimol Srivikorn has also urged athletes in the competition to exercise caution before using any medication.

‘A follow-up test will be conducted to confirm the results regarding what happened with Pitchamon,’ he said.

‘Personally, I believe that all athletes and associations are aware of this issue and are already vigilant.

‘I am convinced that no one intends to dope, and certainly, no one wants an incident like this to happen. Nevertheless, everyone must be even more careful moving forward regarding the use of any medication – whether taken orally or applied topically.’

Triple world junior champion Pitchamon is a rising star in Thai badminton. The 19-year-old has had a breakthrough season, where she reached a Super 500 final for the first time in her career at the Indonesia Masters.

She was also a finalist at the Super 300 Orleans Masters. She has two titles on the BWF World Tour – both Super 100 events.

Davao remains Mindanao’s property powerhouse

First of two parts

The softer condominium demand in Metro Manila is putting the spotlight on key property corridors outside of the capital region. Outside of key hubs in Luzon such as Pampanga, Bulacan, Cavite, Laguna, and Batangas, thriving localities in Visayas and Mindanao are becoming key highlights of property discussion.

Colliers Philippines believes that the entry of national players in Davao has paved the way for substantial development of integrated communities. The National Government has lined up vital infrastructure projects in the city which, once completed, should further solidify the city’s attractiveness as a residential investment hub in Mindanao. These include the Davao Coastal Road, Davao City Bypass and the expansion and modernization of Davao Airport. Hence, developers should continue with their landbanking initiatives and capitalize on the city’s improving infrastructure backbone.

The completion of these projects should further stoke interest in Davao’s office and residential markets.

Competitive office market

As of end-Q2 2026, overall vacancy in Davao reached 3%, one of the lowest vacancies outside the capital region due to sustained demand from outsourcing companies. With this level of vacancy, Davao is the only office market hub outside Metro Manila that enjoys the landlord’s market status.

Among the notable deals recorded in Davao from 2024 to H1 2026 were spaces taken up by Teleperformance, Alorica, Optum, VA Platinum, Ibex and CubeWork. These firms occupied spaces in Matina IT Park (Plaza de Luisa Development Inc.), Robinsons Cybergate Delta 1 (Robinsons Land) and The Uprise (Felcris Hotels and Resorts). Other outsourcing firms that have established their presence in the province are OP360, Concentrix, Wipro, iQor, Cloudstaff, Sutherland, and VXI.

As of end-H1 2026, Davao’s office stock reached 378,100 sq meters (4.1 million sq feet). From 2027 to 2029, Colliers sees the completion of new office towers in Davao city by Megaworld, Robinsons Land, Megaworld, and SM. Among the office towers likely to be completed during the period include SM Lanang BPO Towers 1 and 2, One Republic Plaza and Robinsons Cybergate Victoria Tower 1.Colliers Philippines believes that the increasing office transactions in Davao should partly support residential demand in the locale. The entry of national developers such as SMDC, Megaworld, Ayala Land, Robinsons Land, Filinvest Land, and Cebu Landmasters (CLI) also strengthened Davao’s position as a property investment destination in the VisMin region.

Solid residential take up

Residential developers should further test the market and even diversify and look at the viability of offering more resort and/or leisure-themed projects. In our view, Davao’s competitiveness and stature as an outsourcing hub in Mindanao, backed by robust regional economic growth, should retain the city’s attractiveness for more residential projects.

What’s interesting is that Davao is also being positioned as one of the major meetings, incentives, conferences, and exhibitions (MICE) hubs in the country. This should enable the city to attract more local and foreign hotel operators beyond 2026. In our view, more international visitors should potentially raise demand for vertical housing in the city and hep lift take up for leisure-themed residential projects.

Davao City is deemed a residential hotspot in Mindanao and is a preferred site of both end-users and investors. The sustained demand over the past few years encouraged national and homegrown property firms to invest in the city.

Colliers Philippines believes that Davao City has become a viable residential hub in Mindanao due to its competitiveness. Former Davao Mayor Rodrigo Duterte’s election as Philippine president in 2016 further raised interest in the city and has since transformed Davao into a preferred residential haven even by those from nearby cities and provinces. The 2024 Cities and Municipalities Competitiveness Index ranked Davao as the seventh most competitive in the country based on economic dynamism, government efficiency, infrastructure and resiliency. To be continued

Prosecution presents PhilGeps exec as new witness

The House prosecution panel presents during Day 28 of Vice President Sara Duterte’s impeachment trial, Philippine Government Electronic Procurement System (PhilGeps) Division Chief Rendell Sopeña as its latest witness, as it delves deeper into Duterte’s corporate ties. Sopeña is expected to present official government procurement records involving companies allegedly linked to the vice president.

Govt racing to conclude US tariff negotiations

Thailand is seeking to conclude trade negotiations with the United States before Washington announces the results of investigations into Thai trade practices that could lead to additional tariffs, Deputy Prime Minister and Commerce Minister Suphajee Suthumpun said.

Thailand wants to keep the tariff rate on its exports to the US within the previously agreed 19% framework, with the two sides having settled the main principles of the negotiations and only a few technical details remaining, she said.

Ms Suphajee said she reached agreement on the main principles with US Trade Representative Jamieson Greer during a recent visit to Washington and would meet him and his deputy, Rick Switzer, again during Prime Minister Anutin Charnvirakul’s visit to the US.

The US is preparing to announce the results of investigations into issues including forced labour and production overcapacity under Section 301 of the US Trade Act of 1974, which allows Washington to take action against foreign trade practices it considers unfair or harmful to US commerce.

The US initially announced a 36% tariff on Thai goods last year, citing its trade deficit with Thailand, before reducing it to 19% following negotiations under the previous government. Some non-tariff issues remained unresolved, however, requiring further talks by the current government.

Thailand also faces a 12.5% tariff related to forced-labour considerations, compared with 10% for neighbouring countries that reached agreements with Washington last year. Ms Suphajee said Thailand needed comparable terms to prevent a higher tariff burden from undermining the competitiveness of Thai exporters.

She said the government was also monitoring possible wider effects if the US imposes additional tariffs on Russia and countries buying Russian oil and energy, although Thailand may not be directly affected.

Ms Suphajee said she might ask Mr Anutin to raise the remaining issues directly with US President Donald Trump, as some matters required discussion at the leaders’ level.