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Politics · ImpeachmentPress ✓ 5 outlets · a prosecution witness’s estimate, not a court finding

Prosecution ends its evidence in the Sara Duterte impeachment trial as its analyst puts her unexplained wealth at up to ₱1.5 billion; she will not be called as a witness, for now

Forensic analyst Alexander Cabrera told the Senate on Monday that the gap for 2022 to 2025 could be nearly double the prosecution’s ₱817.87-million estimate. The defence called his testimony “erroneous.”

The prosecution in Vice President Sara Duterte’s impeachment trial ended its presentation of evidence on Monday, October 12, the 38th day of the hearings (GMA News, Manila Times, Rappler). Alexander Cabrera, a lawyer and accountant who works as a forensic financial analyst, told the Senate, sitting as the impeachment court, that the unexplained wealth of Duterte and her husband, lawyer Manases “Mans” Carpio, could reach ₱1.5 billion at the maximum for 2022 to 2025, against ₱817.87 million at the minimum, the figure prosecutors had called conservative (GMA News, Manila Times). He stood by a finding of about ₱1.05 billion in unreported transactions involving GenCorp, a company linked to the couple, which he described as non-reporting rather than fraud (Inquirer), and said the company failed to pay around ₱250 million in taxes on undeclared inflows (Manila Times). He also called a ₱41-million cash withdrawal made within an hour and 13 minutes “unusual” because no clear transaction trail was shown (Inquirer). Defence lead counsel Sheila Sison called his testimony “erroneous,” and prosecutor Rep. Chel Diokno disputed her (GMA News). DailyDrop cannot verify the figures; they are estimates by a prosecution witness, not findings by the court. His evidence supports the unexplained-wealth charge in the impeachment complaint; prosecutors earlier dropped a bribery charge to shorten a trial that began on July 6 and is in its 14th week (Daily Tribune, Inquirer). The session started late until a quorum was reached after 10 a.m., when senator-judges Robin Padilla and Camille Villar arrived (Rappler).

Prosecutors said that, for now, they will not call Duterte as a witness because the documents she signed and swore to already speak for themselves (Inquirer, Philstar, GMA News). Separately, the National Bureau of Investigation (NBI) said it is examining 121 properties linked to Duterte and her brother, Davao City Rep. Paolo Duterte, over differences between the values declared in their statements of assets, liabilities and net worth (SALN) and its own estimates; one Davao City property declared at about ₱890,000 may be worth far more, with the Inquirer headline putting it at ₱60 million (Philstar, Inquirer). Senator-judge Erwin Tulfo played NBI videos of what he called “resort-like” properties (GMA News), and House prosecutors will check whether those assets are already in their ₱817.87-million computation (Manila Times). Duterte, for her part, said President Marcos has treated her as a threat since 2023, pointing to his comments on alleged Chinese money tied to her husband’s firm (Inquirer, Philstar). The reports reviewed do not say when the defence will begin or whether it will ask for the case to be dismissed. A conviction would remove her from office and could bar her from holding public office again. A Pulse Asia survey released the same day still put Duterte first among 2028 presidential preferences, and prosecutors said they were unfazed by it (GMA News, Philstar).

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By the numbers
₱1.5Bmaximum unexplained wealth, 2022–2025, per prosecution analyst Cabrera (GMA News, Manila Times)
₱817.87Mthe prosecution’s minimum estimate of the same gap
121properties linked to the Dutertes under NBI examination (Philstar)
Economy · CongressPress ✓ 5 outlets

House passes the ₱7.2-trillion 2027 budget 281–13 with one abstention; critics call it “election-centered”

The House of Representatives on Monday approved on third and final reading House Bill No. 10858, the proposed ₱7.2-trillion national budget for 2027, by 281 votes to 13 with one abstention (Philstar, Manila Times, GMA News). The bill carries the House version of the General Appropriations Bill, the spending law that fixes how much each agency receives in the coming year. Spending bills must start in the House, so the Senate now works from this version, makes its own, and the two chambers then reconcile the differences before the President signs the final law. The vote is only the first hurdle; the final shape of the 2027 budget will not be known until that process ends.

Critics said the plan favours politics over service. Mamamayang Liberal Rep. Leila de Lima said, “This budget is not people-centered. It is election-centered” (Rappler), and BusinessWorld reported the vote came amid criticism of changes to spending. The Congressional Policy and Budget Research Department (CPBRD), the House’s research office, separately warned that a higher tax take is unlikely to widen the government’s room to spend in 2027 (Inquirer). DailyDrop has not seen a breakdown of the vote by party, a list of the changes critics object to, or the Palace’s response to the criticism. Readers should expect most of the debate over individual items, such as flood-control and infrastructure lines, to move to the Senate.

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Business · PowerPress ✓ 3 outlets

ERC orders Meralco to refund ₱2.64 billion to customers for overcharges in the first half of 2026

The Energy Regulatory Commission (ERC) on Monday ordered Manila Electric Co. (Meralco) to refund ₱2.64 billion to consumers for overcharges covering January to June 2026, an average of ₱0.1020 per kilowatt-hour, according to the regulator’s statement (Manila Times, Philstar, BusinessWorld). The ERC called it an initial refund. Philstar reported the money is to be returned over six months and described it as temporary relief as higher distribution charges take effect. DailyDrop has not seen the date the credits start on bills or the full order.

Separately, Philstar reported that tycoon Manuel V. Pangilinan completed a ₱2.19-billion purchase of Meralco shares from Ramon Ang’s San Miguel group, paid from his own funds. The refund comes as the Department of Energy (DOE) watches the national grids ahead of a possible strong El Niño, and as Energy Secretary Sharon Garin has left her fate to Marcos amid calls for her resignation over the power crisis in the Visayas (Philstar). Check your next Meralco bill for the refund; the reports reviewed do not say how it will appear.

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World · Middle EastPress ✓ 5 outlets · casualty counts from Saudi authorities and the DMW

Three of four Filipinos hurt in the Riyadh airport attack remain in intensive care; no deployment ban, but avoid non-essential travel

The Department of Migrant Workers (DMW) said on Monday that four Filipinos were injured in the Houthi attack on King Khalid International Airport in Riyadh, three of them in intensive care and at least one in critical condition (Manila Times, Inquirer, Philstar). Secretary Hans Leo Cacdac said there is no deployment ban on workers bound for Saudi Arabia, but advised Filipinos to avoid non-essential travel (Inquirer, GMA News, BusinessWorld). The DMW and the Overseas Workers Welfare Administration (OWWA) are assisting 94 overseas Filipino workers (OFWs) whose Riyadh-bound flights were diverted to Jeddah, and Philippine Airlines (PAL) extended its suspension of Riyadh flights until November 29 (Inquirer).

The Houthis, a Yemeni armed group, claimed the attack, which Saudi authorities said killed 12 people and wounded more than 300 (Philstar). AP reported that the Saudis are examining how their air defences failed to stop it, and Reuters reported that further missiles were intercepted and that oil executives were dropped from an event schedule in Riyadh. Saudi Arabia is among the largest host countries for Filipino workers, so the risk is felt in many households. DailyDrop has not seen details on the conditions of the injured beyond the DMW’s account.

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World · EnergyPress ✓ 6 outlets · Moscow has not confirmed the energy truce

Kremlin rejects a 60-day ceasefire and is silent on Trump’s “energy ceasefire”; Ukraine says Russia keeps striking, and US senators question the diesel deal

Russia had not confirmed the “energy ceasefire” that President Donald Trump announced on Truth Social on Sunday, and Ukraine said Russian strikes on its energy sites continued (Reuters via Straits Times, AP). The Kremlin rejected Ukrainian President Volodymyr Zelensky’s idea of a 60-day ceasefire, saying it wants an overall peace deal, and stayed silent on the energy truce (Reuters, Straits Times). Zelensky said Ukraine would strike back if Russia violates the truce, and vowed to keep hitting Russian oil refineries despite Trump’s criticism (Bloomberg Television, Sydney Morning Herald). The European Union adopted nearly 1,600 new sanctions listings against Russia (Reuters). Canadian Prime Minister Mark Carney said he supports an energy ceasefire (Inquirer).

In Washington, seven senators from both parties said Trump’s deal allowing Russian diesel exports, despite a US ban in place since the invasion, may be illegal (NST, IOL), and Trump defended it, saying “I made the right choice” (CNBC). CNBC quoted analysts who see little price relief. Oil swung during Asian trading on the news and on the Saudi attacks (Brecorder, Straits Times). For Filipinos the link is pump prices: diesel falls by about ₱3 per litre on Tuesday while gasoline and kerosene rise (Manila Times, Philstar, BusinessWorld). West Texas Intermediate (WTI), the US crude benchmark, closed Friday at $91.85, up 0.39 percent, and gold at $4,216.3. Monday’s US session closes after this edition, so DailyDrop has no Monday US closes.

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In brief
  • PSEi closed Monday at 5,743.18 (+0.74%), per one outlet; Philstar reports bargain hunting lifted stocks. Peso close not confirmed (Friday: ₱62.801)The Financial District, Philstar
  • Friday’s US closes: S&P 500 7,811.54 (+0.59%), Nasdaq 27,366.17 (+0.64%), Dow 51,654.95 (+0.83%), WTI 91.85, gold 4,216.3market data
  • Ombudsman Remulla: 39 flood-control cases filed, 35 now at the Sandiganbayan; he wants the Supreme Court to revisit the “main plunderer” doctrineManila Times, Rappler
  • Fuel prices on Tuesday: diesel down about ₱3 a litre, gasoline and kerosene up by more than ₱1Manila Times, Philstar
  • Iran says the US reply to its proposal to reopen the Strait of Hormuz is “insufficient”Rappler, Livemint
  • Robert Hall and Michael Woodford win the Nobel economics prizeAP, Reuters
  • Philippines keeps Tier 1 in the US human-trafficking report, citing its POGO banGMA News
  • Marcos says the Philippines is serious about nuclear power for AI and data-centre demandGMA News, Philstar
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Unverified — what we cannot confirm

“Sara Duterte’s unexplained wealth is ₱1.5 billion.” Cabrera gave ₱1.5 billion as a maximum and ₱817 million as a minimum; the defence called his testimony erroneous, and no court finding exists (GMA News, Manila Times).
“Russia and Ukraine are observing an energy ceasefire.” Trump announced it; Moscow has not confirmed, and Ukraine says Russian strikes on its energy sites continued (Reuters, AP).
“The Philippines has banned workers from going to Saudi Arabia.” The DMW said there is no deployment ban, only advice to avoid non-essential travel (Inquirer, GMA News, BusinessWorld).

Influencer watch

  • Volodymyr Zelensky, President of Ukraine Telegram · 10/12Zelensky said after a Stavka meeting that Ukraine continues its active defence and Russian losses have grown in recent months.
  • Volodymyr Zelensky, President of Ukraine Telegram · 10/12Zelensky posted a report from Ukraine's negotiating group after meetings in the US, saying Ukraine is ready for real decisions and de-escalation steps.

Statements as posted, not fact-checked.

Glossary · dotted words — economic, legal, security and science terms explained in context. The list grows every day.
INSIDEProsecution ends its evidence in the Sara Duterte impeachment trial as its analyst puts her unexplained wealth at up to ₱1.5 billion; she will not be called as a witness, for nowPolitics · ImpeachmentHouse passes the ₱7.2-trillion 2027 budget 281–13 with one abstention; critics call it “election-centered”Economy · CongressERC orders Meralco to refund ₱2.64 billion to customers for overcharges in the first half of 2026Business · PowerThree of four Filipinos hurt in the Riyadh airport attack remain in intensive care; no deployment ban, but avoid non-essential travelWorld · Middle EastKremlin rejects a 60-day ceasefire and is silent on Trump’s “energy ceasefire”; Ukraine says Russia keeps striking, and US senators question the diesel dealWorld · Energy