Analyst stands by VP Duterte’s 20% GenCorp interest

Inquirer.net - Oct 12, 2026

MANILA, Philippines — The House prosecution’s forensic accounting expert witness, lawyer-accountant Alexander Cabrera, stood by his finding on Monday that Vice President Sara Duterte had a 20-percent interest in GenCorp Industries Inc., even without written contracts or subscription agreements directly establishing her stake in the firm. Cabrera, chairman emeritus of Isla Lipana & Co. (PwC Philippines),

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Analyst stands by VP Duterte’s 20% GenCorp interest

Oct 12, 2026

Analyst stands by VP Duterte’s 20% GenCorp interest

MANILA, Philippines — The House prosecution’s forensic accounting expert witness, lawyer-accountant Alexander Cabrera, stood by his finding on Monday that Vice President Sara Duterte had a 20-percent interest in GenCorp Industries Inc., even without written contracts or subscription agreements directly establishing her stake in the firm. Cabrera, chairman emeritus of Isla Lipana & Co. (PwC Philippines),

Sharon Cuneta, daughter Kakie attend Duterte impeachment trial

Oct 12, 2026

Sharon Cuneta, daughter Kakie attend Duterte impeachment trial

MANILA, Philippines — Megastar Sharon Cuneta and her daughter, Frankie “Kakie” Pangilinan, attended the impeachment trial of Vice President Sara Duterte at the Senate on Monday, the 38th day of the proceedings. Cuneta, the wife of Sen. Francis “Kiko” Pangilinan, was spotted at the Senate gallery alongside their daughter, Kakie. After his interpellation of the

PDI recognized by PCG during first Stakeholders’ Night

Oct 12, 2026

PDI recognized by PCG during first Stakeholders’ Night

MANILA, Philippines — The Philippine Daily Inquirer (PDI) has been recognized by the Philippine Coast Guard (PCG) for its support to the missions and objectives of the agency. The award was given to the newspaper during the PCG’s Stakeholders’ Night on Monday, Oct. 12. READ: SWS poll: Filipinos choose AFP, PCG modernization as maritime priority

Air pollution spreads to more Cebu areas

Oct 12, 2026

Air pollution spreads to more Cebu areas

CEBU CITY, Philippines — More local government units in Metro Cebu suspended in-person classes on Monday, Oct. 12, after air quality deteriorated to “very unhealthy” levels once again.  But this time, local pollutants such as vehicle emissions and industrial pollution, and not the transboundary haze from the raging forest and peat fires in Indonesia’s Kalimantan

Highlights: Day 38 of Sara Duterte impeachment trial | Oct. 12, 2026

Oct 12, 2026

Highlights: Day 38 of Sara Duterte impeachment trial | Oct. 12, 2026

MANILA, Philippines – Day 38 of the trial on Monday centered on the cross-examination of prosecution forensic financial analyst Alexander Cabrera, who conceded that his report showing P817 million in alleged unexplained wealth was based on available documents and did not include records submitted directly by Duterte or her husband, lawyer Manases Carpio.  Defense counsel

‘Kutseros’ preserving Vigan heritage get rice aid

Oct 12, 2026

‘Kutseros’ preserving Vigan heritage get rice aid

VIGAN CITY, ILOCOS SUR, Philippines — The provincial government distributed rice assistance to “kutseros,” or horse-drawn carriage drivers, on Monday (Oct. 12) in recognition of their contribution to preserving the cultural heritage of Vigan, a United Nations Educational, Scientific and Cultural Organization (UNESCO) World Heritage Site. The assistance aims to ease the daily expenses of

Cabrera tells Padilla: We can do a good job even if we’re in a hurry

Oct 12, 2026

Cabrera tells Padilla: We can do a good job even if we’re in a hurry

MANILA, Philippines — Financial forensic analyst Atty. Alexander Cabrera has assured Senator-judge Robinhood “Robin” Padilla that he can come up with a competent report even in a limited amount of time, amid questions on why it seems that the report on Vice President Sara Duterte’s finances was made hastily. During the latter part of Duterte’s

Villanueva: Cale88 made P150M in 2024 with no employees

Oct 12, 2026

Villanueva: Cale88 made P150M in 2024 with no employees

MANILA, Philippines — Cale88, a banana chip export corporation established in 2021, with Vice President Sara Duterte’s husband, Manases Carpio, as a 47.5-percent owner, reported P150 million in sales in 2024 — and yet it did not have a single employee. Senator-Judge Joel Villanueva pointed this out on Monday in his clarificatory questioning of lawyer-accountant Alexander

Mt. Kanlaon emits ash plumes for third day

Oct 12, 2026

Mt. Kanlaon emits ash plumes for third day

BACOLOD CITY, NEGROS OCCIDENTAL, Philippines — Local government officials remained on alert as Mt. Kanlaon continued to emit ash plumes following a moderately explosive eruption on Saturday. The Philippine Institute of Volcanology and Seismology (Phivolcs) recorded three ash emission events on Monday (Oct. 12), although no ashfall was reported, according to Phivolcs science research analyst

Delivery fee cap risks shifting costs to riders, consumers

Oct 12, 2026

Delivery fee cap risks shifting costs to riders, consumers

Pending bills at the National Assembly proposing a cap on delivery platform fees charged to food businesses to reduce their financial burdens, particularly small businesses with limited customer bases, are raising questions about the effectiveness of the proposed changes. Industry experts have examined the current ecosystem, which consists of food-ordering platforms, participating businesses, customers who place orders and riders who deliver them. They found that the cap could reduce the burden on businesses using the platforms but shift that cost to other groups in the ecosystem, such as riders and consumers. Three bills proposing different versions of the cap are pending at the National Assembly. One was proposed by Rep. Lee Kang-ill of the ruling Democratic Party of Korea, a member of the National Policy Committee. He proposed capping the combined brokerage fee, payment processing fee and advertising expenses at 15 percent of an order's value, while imposing a separate cap and a minimum floor on delivery fees. Rep. Park Jeong-hun of the main opposition People Power Party (PPP) propo

US Army receives 1st Hanwha-made mobile howitzer system: report

Oct 12, 2026

US Army receives 1st Hanwha-made mobile howitzer system: report

The U.S. Army has received its first South Korean-made mobile howitzer system as part of efforts to replace its aging artillery systems, a U.S. defense news outlet reported Monday. The Mobile Tactical Cannon (MTC), manufactured by Hanwha Defense USA, a U.S. subsidiary of South Korea's Hanwha Aerospace Co., was displayed at a U.S. Army event held in Washington earlier this month, Defense News reported, citing U.S. Army officials. "We're excited to have that and get ready to test it," Brig. Gen. Robert Mikesh Jr., the Army's portfolio management executive for offensive fires, was quoted as saying. "And get that soldier feedback, that we think is so important." In August, Hanwha Defense USA was selected to provide prototypes based on a wheeled variant of the bestselling K9 Thunder self-propelled artillery for the MTC program, which aims to develop a highly mobile 155 mm artillery system to replace the Army's aging M777 towed howitzers. The contract calls for the delivery of six MTC prototypes, with an option for an additional 12 systems, and has a cumulative value of up to $262.9 million, a

Adding 'jeong' to technology

Oct 12, 2026

Adding 'jeong' to technology

This year, the combined operating profits of Korea’s semiconductor companies are expected to soar well beyond 500 trillion won ($373 billion), reaching unprecedented levels. Some have likened this extraordinary performance to winning a lottery. But I see it differently. What we are witnessing today, I believe, is not a stroke of good fortune. Rather, it is the culmination of decades of perseverance, sacrifice and dedication. As Koreans know well, countless companies, engineers and technicians have worked since the 1970s to build the foundations of the nation’s semiconductor industry. After nearly half a century of accumulated effort, the seeds they planted are finally coming to fruition. A similar story of long-term commitment can be found in the rapid growth of international students choosing to study in Korea. In 2023, the Ministry of Education launched the Study Korea 300K Project, setting a goal of attracting 300,000 international students by 2027. That target has already been achieved ahead of schedule, with the number of international students in Korea surpassing 300,000 this

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