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Globe earns A- climate rating, expands sustainability initiatives

GLOBE.COM.PH

GLOBE Telecom, Inc. said it is expanding its sustainability initiatives after securing an A- climate score from CDP in 2025, marking its inclusion in the global environmental disclosure platform.

“This CDP Climate Leader rating reflects disciplined action, strong governance, and a clear commitment to transparency… It confirms that our climate strategy is both credible and measurable,” Globe Chief Sustainability and Corporate Communications Officer Yoly C. Crisanto said in a media release on Monday.

CDP, formerly known as the Carbon Disclosure Project, is a nonprofit organization that operates a global environmental disclosure system for companies and cities.

Its disclosure system assesses how organizations manage climate change, water security, and deforestation.

CDP has established a scoring framework that evaluates companies based on the depth of risk awareness, the quality of management, and evidence of leadership through strategy and performance.

Globe said its A- climate score reflects its continued focus on incorporating sustainability initiatives into its operations.

The telecommunications company said it has transitioned 171 cell sites, corporate offices, and other facilities to renewable energy.

In 2025, Globe said it is also ramping up the shift of cell sites and other low-energy utilization facilities to renewable energy as part of its net-zero goal.

The recognition will be added to its “growing list of sustainability milestones, including international and regional awards for ESG performance and environmental leadership,” Globe said.

In a separate media release, Globe said it will also expand its prepaid offerings to connect more users to fifth-generation (5G) mobile networks as the company aims to widen its 5G reach.

The company previously said its 5G coverage was about 97%.

The launch is also in line with the Konektadong Pinoy Act, it said, citing the measure’s goal of providing reliable and accessible internet.

At the stock exchange on Monday, shares in the company closed P2, or 0.12% lower, at P1,617 apiece. — Ashley Erika O. Jose

Peso jumps to P58 level on broad dollar weakness

BW FILE PHOTO

THE PESO jumped on Monday to return to P58 level amid broad dollar weakness, with the yen also surging against the greenback on intervention bets.

The local unit ended at P58.971 versus the dollar, strengthening by 11.9 centavos from its P59.09 finish on Friday, data from the Bankers Association of the Philippines showed.

This was the peso’s strongest finish in more than three weeks or since it closed at P58.841 on Jan. 2, which was also the last time it finished at the P58 range.

The currency opened Monday’s trading session stronger at P58.97 against the dollar. Its intraday best was at P58.92, while its worst showing was at P59.048 against the greenback.

Dollars traded went down to $954 million from $1.159 billion on Friday.

The dollar was generally weaker on Monday as the yen jumped amid speculations of market intervention, a trader said by phone.

The yen jumped to more than a two-month high on Monday as speculation mounted that coordinated intervention by authorities in the US and Japan could be imminent, a prospect Tokyo’s top currency diplomat left wide open while keeping markets guessing, Reuters reported.

Investors were also trimming dollar positions ahead of a Federal Reserve meeting and possible announcement by the Trump administration of a new Fed chairman.

The yen rose as much as 1.2% to 153.89 per dollar, its strongest since November. The euro made a four-month high of $1.1898 and was last up 0.2% at $1.1855.

A source told Reuters that the New York Federal Reserve had checked dollar/yen rates with dealers, seen as a precursor to intervention, and the scramble to get out of short yen positions has the currency some 3% off Friday’s low.

Japanese Finance Minister Satsuki Katayama declined to comment on the rate checks, while top currency diplomat Atsushi Mimura said the government would maintain close coordination with the United States on foreign exchange and act appropriately.

The US dollar index, which measures the greenback’s strength against a basket of six currencies, was down 0.1% at a four-month low of 97.155.

Several other Asian currencies also strengthened, with the Korean won climbing 1.5%, the Malaysian ringgit advancing to its strongest since June 2018 and the Singapore dollar surging to its strongest in more than a decade.

The peso was also supported by signals from Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. that the local unit is unlikely to reach the P60 level versus the dollar in the near term, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

For Tuesday, the trader sees the peso moving between P58.80 and P59.10 per dollar on market positioning of market players ahead of the Fed’s policy meeting, while Mr. Ricafort expects it to range from P58.85 to P59.05 per dollar. — Aaron Michael C. Sy with Reuters

Knight Frank: Manila has 4th cheapest prime office rent in Asia-Pacific in Q4

In the fourth quarter, the Philippine capital was the fourth most affordable city for prime office rent among 23 Asia-Pacific markets, based on the latest edition of the Asia-Pacific Office Highlights by real estate consultancy Knight Frank. During the period, Manila’s occupancy cost amounted to $29.04 per square foot, dropping by 0.6%. It was lower than the 0.7% average growth of the region.

How PSEi member stocks performed — January 26, 2026

Here’s a quick glance at how PSEi stocks fared on Monday, January 26, 2026.


Philippine House begins impeachment proceedings versus President Marcos

PHOTO SHOWS President Ferdinand R. Marcos, Jr. holding a news briefing at the Presidential Palace last year on his government’s anti-corruption drive.. — PHILIPPINE STAR/NOEL B. PABALATE

By Kenneth Christiane L. Basilio, Reporter

THE Philippine House of Representatives on Monday began impeachment proceedings against President Ferdinand R. Marcos, Jr., referring two complaints to its Justice committee for review.

The move comes amid widespread allegations of graft tied to flood control projects and reflects growing opposition efforts to hold the President accountable.

The House body will determine whether the allegations meet the threshold to elevate the case to the Senate, which sits as an impeachment court.

Sending the complaints to the committee also blocks other groups from filing separate charges and prevents the President from facing another impeachment bid within the same calendar year.

Opposition activists filed a second complaint on Monday to strengthen the impeachment case, citing concerns that an initial filing last week was insufficient and could be dismissed by lawmakers.

“There are arguments in the second impeachment complaint that are not included in the first one,” Party-list Rep. Renee Louise M. Co told reporters after the filing. “The supporting evidence here is not seen in the first impeachment complaint.”

“It is very important, extremely important, that the second impeachment complaint be considered,” she added.

Both complaints allege that Mr. Marcos betrayed public trust by facilitating large-scale corruption through the allocation of infrastructure funds to congressional districts, leaving citizens with substandard or incomplete projects.

Activists claim that the President’s inner circle and allies received billions of pesos in kickbacks while critical flood control initiatives underfunded communities at risk from seasonal flooding.

The second complaint, a 37-page document, links Mr. Marcos to the scheme, citing testimony from a former Public Works department official who claimed the President had received P8 billion in kickbacks.

The first complaint, which cited five grounds for removal — including three directly related to the flood control scandal — has been criticized as weak and potentially dismissible.

Speaker Faustino “Bojie” G. Dy III earlier said the first complaint lacked merit and that the President acted within the law.

Analysts, however, said the House’s handling of the proceedings might be more strategic than impartial.

“They need to at least appear as though they are acting in good faith and doing the right thing,” said Arjan P. Aguirre, an assistant professor of political science at the Ateneo de Manila University. “We should not expect them to campaign or actively mobilize votes in its favor.”

Under the 1987 Constitution, high officials may be impeached for culpable violations of the Constitution, bribery, graft and corruption, other high crimes or betrayal of public trust.

A complaint requires endorsement from at least one-third of congressmen before it can proceed to the Senate.

Meanwhile, opposition figures have indicated that a new impeachment complaint could soon be filed against Vice-President Sara Duterte-Carpio.

Former congresswoman Liza L. Maza said the filing could be finalized next week, potentially reigniting efforts to remove the Vice-President after a contentious bid last year.

Potential impeachment proceedings against both the President and Vice-President will test a July Supreme Court ruling that tightened rules on due process.

The court required that officials facing impeachment be allowed to respond to allegations and that the House be given reasonable time to decide whether to elevate a case to the Senate.

Ms. Duterte was the first Philippine Vice-President to be impeached. However, the high court halted further action after ruling that the process used by the House was unconstitutional.

Lawmakers had sent the complaint directly to the Senate without a hearing after more than one-third of the House endorsed it.

Manila lodges firm protest over Chinese Embassy’s remarks

PHILIPPINE COAST GUARD PHOTO

THE Philippines’ Department of Foreign Affairs (DFA) on Monday said it had lodged “firm representations” with China’s embassy in Manila after a series of public exchanges between Chinese diplomats and Philippine officials, as frictions over overlapping claims in the South China Sea continue to test bilateral ties.

In a statement, the DFA said disagreements over the disputed waterway should be addressed through diplomatic channels and handled with restraint, warning that heated public exchanges risk undermining efforts to manage tensions and preserve regional stability.

“While the Philippines values debate on differences in national positions, the department recognizes the need for sober, professional and respectful exchanges in the public sphere,” it said. “Such is not contradictory to the national interest.”

The Chinese Embassy in Manila did not immediately respond to a request for comment sent via Viber.

The move follows a spate of statements from Beijing’s embassy criticizing remarks by Philippine politicians and security officials who have taken a more vocal stance on Manila’s claims in the South China Sea.

Those remarks have drawn pushback from Philippine officials, who say public messaging that singles out local leaders crosses diplomatic norms.

The DFA said “circumspection in language and actions” is needed to prevent further escalation and to safeguard efforts to manage disputes, including initiatives aimed at improving communication between coast guards and promoting cooperation in areas such as scientific research, trade and agriculture.

Public messaging has taken on greater prominence as confrontations between Philippine and Chinese vessels persist in contested waters. Manila has accused Chinese coast guard and maritime militia ships of harassment and dangerous maneuvers, including the use of water cannons near features the Philippines considers part of its exclusive economic zone.

China claims most of the South China Sea under its U-shaped nine-dash line, overlapping with the maritime zones of several Southeast Asian states.

‘DIRECT CHALLENGE’
The Philippines has repeatedly rejected those claims, citing a 2016 arbitral ruling that voided China’s position under international law. Beijing has refused to recognize the ruling.

Philippine Coast Guard spokesman Jay Tristan Tarriela, who has drawn criticism from China’s embassy for his statements on maritime incidents, said remarks directed at Philippine lawmakers and officials amounted to a challenge to the country’s sovereignty.

“This attack on our sitting senators by foreign diplomats is not merely an assault on the Senate as a democratic institution, but a direct challenge to our sovereignty and to the Filipino people as a whole,” he said in a post on social media platform X.

The Palace also weighed in on Monday, saying it supports Philippine officials in defending the country’s claims while underscoring the administration’s preference for diplomacy.

Palace Press Officer Clarissa A. Castro said President Ferdinand R. Marcos, Jr. has been clear that the Philippines would not concede any part of its territory, even as the government seeks to manage disputes through dialogue.

“Whatever our agencies are doing to defend the country’s interests reflects the President’s position and his directive,” she said. At the same time, diplomacy remains essential.

Ms. Castro also condemned what she described as disinformation following reports that China’s embassy exerts influence over Chinese-language media outlets operating in Manila.

“We respect freedom of expression, but we condemn any disinformation or fake news,” she told a news briefing, adding that authorities are coordinating with the Department of Information and Communications Technology and the Cybercrime Investigation and Coordination Council.

Her remarks followed findings by the SeaLight Foundation, a nonprofit maritime transparency group, which said some Chinese-language outlets in Manila republished Chinese state media content as news and showed signs of coordination with Beijing’s embassy.

Ray Powell, the group’s executive director, also cited links between people involved in the outlets and China’s United Front Work Department.

Ms. Castro said transparency is essential as the Philippines confronts concerns about foreign interference. “What we should fight for, preserve and protect is the interest of our country and not the interest of other countries,” she added.

The DFA and several lawmakers have also expressed support for Philippine officials and institutions involved in asserting the country’s maritime rights, framing the dispute as both a legal and governance issue.

Tensions between Manila and Beijing have intensified in recent years as the Philippines deepens security cooperation with allies and adopts a more public approach to documenting incidents at sea.

China has criticized those moves as provocative, while Philippine officials say transparency is necessary to counter misinformation and uphold international law.

Despite the sharper tone, Manila has said it remains committed to managing differences through diplomatic engagement, even as it signals it will continue to assert its claims in waters it considers part of its sovereign rights. — Kenneth Christiane L. Basilio and Chloe Mari A. Hufana

Dy seeks spending reforms, anti-dynasty discussions

PHILIPPINE STAR/KRIZ JOHN ROSALES

SPEAKER Faustino “Bojie” G. Dy III on Monday said the House of Representatives would pursue reforms to make state spending and budget formulation more transparent, as the nation grapples with a multibillion-peso graft scandal.

He said lawmakers should face the issues that allowed the corruption scandal to fester, urging them to “confront the shortcomings of the past” in a politically charged speech that pledged reforms to restore public trust.

“How will we face the lessons of the past, and how will we ensure that the mistakes of the past will not happen again?” Mr. Dy asked congressmen in plenary. “It is time to build a system that will give clarity to the funds and restore the trust of the people in the government.”

Lawmakers reconvened on Monday after the holiday break as the Marcos administration seeks to contain the fallout from the graft scandal that has implicated lawmakers, officials and private contractors in a scheme to defraud billions of pesos earmarked for flood mitigation structures.

Mr. Dy also urged congressmen to jump-start discussions on a bill prohibiting political dynasties.

“Let us open the discussion that we have been avoiding for a long time, including the anti-political dynasty bill,” he said. “I know that this is sensitive and personal to some, even to my own family, but if we are serious about reform… we must have the courage to talk about it.”

Several versions of an anti-political dynasty measure in both chambers of Congress have been filed, including House Bill No. 6771, authored by House Majority Leader and Ilocos Norte Rep. Ferdinand Alexander “Sandro” A. Marcos III and Mr. Dy, both of whom are members of political dynasties. 

The bill seeks to curb political dynasties by barring spouses and relatives up to the fourth civil degree from simultaneously holding elective posts.

It also prohibits such relatives from holding national positions at the same time, occupying the same House seat within a district, or serving concurrently in the same provincial, city or municipality or village government. Kenneth Christiane L. Basilio 

PCO: Marcos schedule back on track

PHILIPPINE STAR/KRIZ JOHN ROSALES

PHILIPPINE President Ferdinand R. Marcos, Jr. is now “back to normal” schedule following his brief hospitalization last week, the Presidential Communications Office (PCO) said on Monday.

Palace Press Officer Clarissa A. Castro said Mr. Marcos met with the Economic and Development Council in the Palace on Monday, as she denied rumors that the President will undergo an operation due to his diverticulitis.

“For now, that’s his schedule and he’s been able to attend, so we can say it’s back to normal,” Ms. Castro told a news briefing in Filipino.

Mr. Marcos’ last public engagement was on Jan. 21, but he posted a video statement the following day saying he was feeling better.

Diverticulitis is the inflammation of the diverticula or small pockets in the colon. — Chloe Mari A. Hufana

PHL to close digital gap with SEA

FREEPIK

THE Philippines’ newly approved National Digital Connectivity Master Plan seeks to deliver universal, affordable and secure internet access as the government moves to close a decade-long connectivity gap with its Southeast Asian (SEA) peers, according to the Presidential Palace.

“The President noted that we are playing catch-up with our [Southeast Asian] neighbors who have done this as early as 10 years ago,” Presidential Communications Office Secretary Dave M. Gomez told reporters via Viber.

“But with technology now more advanced and at less cost, he is confident we will soon be at par in terms of connectivity, speed and cost,” he added.

The plan is the product of consultations that began with regional discussions in early 2024 and were refined through sectoral meetings, inter-agency technical working groups, and presentations to technical boards, according to Mr. Gomez.

The blueprint envisions a “Digitally Connected Philippines,” anchored on universal access, lower costs, faster speeds and secure digital services for all Filipinos.

It rests on four pillars: strengthening governance and regulation to liberalize the telecommunications industry and boost competition; expanding universal access, particularly in geographically isolated and disadvantaged areas; accelerating infrastructure rollout through public-private partnerships; and building climate-resilient and cyber-secure digital systems. — Chloe Mari A. Hufana

Basilan sea mishap kills at least 15

COTABATO CITY — At least 15 passengers died after the M/V Trisha Kirsten 3 sank in the territorial waters of Basilan after midnight on Sunday.

The passenger vessel was carrying 332 passengers and 26 crewmen when it departed from the seaport in Zamboanga City on Sunday evening, bound for Jolo.

Officials of the Philippine Coast Guard (PCG) in Basilan, local executives and Army Lt. Gen. Donald M. Gumiran, commander of the Western Mindanao Command, separately told reporters on Monday afternoon that 316 passengers and the 26 crewmen had been rescued.

All of them are now being watched over by government health and social welfare workers.

The crewmen had told PCG officials and emergency responders from the office of Basilan Governor Mujiv S. Hataman that the boat lost buoyancy after its lower deck, where its engine is located, got flooded with sea waters.

Officials of the PCG’s Southwestern Mindanao Unit said the bodies of all 15 passengers had been transported to different mortuaries.

Mr. Hataman and PCG officials in Basilan said they are grateful to barangay officials and the fishermen from Hadji Muhtamad and other coastal towns in the province who helped rescue the passengers of the sunken boat.

“To all of them and to the administration of Hadji Muhtamad Mayor Nanoh, we are thankful,” Mr. Hataman, chairman of the multi-sector Basilan Provincial Peace and Order Council, said.

Mr. Hataman said personnel of their health and social welfare offices have provided the rescued passengers of the sunken M/V Trisha Kirsten 3 with food and other essential provisions.

Meanwhile, the Maritime Industry Authority (MARINA) said it is investigating Aleson Shipping Lines, Inc. following the sinking of the vessel.

“MARINA assures the public that maritime safety remains a top priority, and we are committed to ensuring accountability and preventing similar incidents in the future. We will provide updates as soon as verified information becomes available,” it said in a media release on Monday.

Based on its initial investigation, the passenger vessel was still operating within its authorized passenger capacity at the time of the incident.

“MARINA has dispatched an investigation team to determine the probable cause or any factors that may have contributed to the incident. Appropriate actions will be taken based on the findings of the investigation,” it said.

Separately, Aleson Shipping Lines, Inc. said that it has immediately activated its quick response measure and deployed all available vessels in the area during the incident.

“We regret to inform the public that our passenger vessel, M/V Trisha Kerstin 3, sank off Baluk-Baluk Island, Basilan in the early hours of Jan. 26,” it said, adding that it is also in coordination with the PCG and all relevant agencies for the search and rescue operations.  — John Felix M. Unson and Ashley Erika O. Jose

BuCor eyes more prison facilities

BUCOR

THE Bureau of Corrections (BuCor) is pushing to establish additional prison facilities across the country, including high-security sites for persons convicted of heinous crimes, as part of efforts to decongest existing prisons.

In a statement on Monday, BuCor Director General Gregorio Pio P. Catapang, Jr. said the plan involves setting up 13 regional prison facilities and two more facilities dedicated to heinous crimes, a move he said would build a “more equitable and effective correctional system.”

The expansion program is based on Republic Act (RA) 10575, the Bureau of Corrections Act of 2013, which provides for the establishment of Regional Prison Facilities, and also follows RA 11928, which calls for separate facilities for individuals convicted of heinous crimes in Luzon, Visayas, and Mindanao.

At the 2nd Jail Decongestion Summit in Manila last week, BuCor noted it currently operates in only five of 18 regions nationwide, with facilities in the National Capital Region, Mimaropa, Eastern Visayas, Zamboanga Peninsula, and Davao Region.

This leaves large parts of the country without a BuCor-managed correctional facility, including the Cordillera Administrative Region, Ilocos Region, Cagayan Valley, Central Luzon, Calabarzon, Bicol Region, Western Visayas, Central Visayas, Negros Island Region, Northern Mindanao, Soccsksargen, Caraga, and the Bangsamoro Autonomous Region in Muslim Mindanao, according to the agency.

Mr. Catapang said BuCor has started establishing a Super Maximum Facility (SMF) in Sablayan, Occidental Mindoro, to serve Luzon, but noted that no SMFs for heinous crimes have yet been set up in the Visayas and Mindanao due to pending site identification and resource allocation.

He said the shift would ease pressure on existing prisons and align the country’s correctional practices with international standards, adding that proactive measures are needed to address gaps in the system. — Erika Mae P. Sinaking

BI sacks personnel over alleged aid to Russian detainee

INTERIOR SECRETARY Juan Victor C. Remulla announced the deportation of Russian vlogger Vitaly Zdorovetskiy during a press conference in Quezon City, Jan. 15. — PHILIPPINE STAR/MIGUEL DE GUZMAN

THE Bureau of Immigration (BI) sacked two more personnel, while one warden resigned following the allegations of a Russian vlogger who claimed he had his cellphone throughout his detention, Malacañang said on Monday.

Palace Press Officer Clarissa A. Castro said at a news briefing that this comes as the President ordered a thorough investigation into the now-deported Vitaly Zdorovetskiy.

The agency earlier fired three employees due to the claims of Mr. Zdorovetskiy, a Russian content creator detained in the Philippines from April 2025 until his deportation last Jan. 17.

Mr. Zdorovetskiy claimed he had a phone during his entire stay in jail, which he used to document his time.

Ms. Castro, quoting the BI, said the phones are only allowed to speak with family members, but shooting videos was prohibited.

The Russian, during a livestream with American online personality Adin Ross last Jan. 23, said he is going to expose the corruption, adding “money talks” in the Philippines.

He was arrested last year for disruptive behavior in Taguig City.

The graft-weary nation is probing a multibillion-peso flood control scandal, where government officials have been accused of colluding with private contractors for substandard or nonexistent projects. — Chloe Mari A. Hufana