YTD: Peso at strongest level since late 2024; BSP cut rate 25bps to 4.25% on Feb 19 but peso strengthened on improved sentiment. 2026 range: 57.48-59.48
The International Criminal Court began its four-day confirmation of charges hearing against former President Rodrigo Duterte at The Hague. Duterte is suspected of crimes against humanity—murder and attempted murder—committed during his "war on drugs" campaign from November 2011 to March 2019. The ICC prosecution presented evidence showing at least 5,823 killings linked to the drug war.
Filipino communities worldwide are closely watching the proceedings. Rights groups among the diaspora, many of whom lost family members in the drug war, have been vocal advocates for ICC accountability. The hearing has galvanized renewed activism among overseas Filipinos.
The four-day ICC confirmation of charges hearing concluded on February 27. Deputy Prosecutor Mame Mandiaye Niang expressed confidence the judges would "vindicate" the prosecution. Duterte's defense team, led by lawyer Toby Cadman, argued there was no direct link between Duterte's public statements and the actual killings, while the prosecution used Duterte's own recorded words against him.
OFW groups and Filipino diaspora human rights organizations held solidarity vigils in major cities worldwide during the hearing. The outcome will shape the Philippines' international human rights reputation for years to come.
Tens of thousands of Filipinos took to the streets on the 40th anniversary of the 1986 EDSA People Power Revolution. Two major rallies converged in Metro Manila—one at the EDSA Shrine organized by Bayan and progressive groups, and another at the People Power Monument led by the Trillion Peso March Movement and Caritas Philippines. Protesters clashed with police as they demanded accountability for the flood control corruption scandal.
Filipino communities in Rome, New York, and other cities held commemorative events. The Vatican News covered Filipino celebrations of People Power in Rome, underscoring the revolution's global legacy for the diaspora.
The third major Trillion Peso March protest was held on February 25, coinciding with the EDSA anniversary. Various church and civil society groups, including Caritas Philippines, conducted day-long activities. The Department of Justice confirmed there is now enough evidence for corruption charges in connection with 14 flood control projects, with more cases expected.
OFW remittance-funded construction projects are affected by the scandal's chilling effect on the industry. The corruption revelations have sharpened diaspora scrutiny of how Philippine tax revenues and development funds are spent.
Lawyer Nathaniel Cabrera filed the fourth impeachment complaint against Vice President Sara Duterte, transmitted to the House on February 19. All four complaints cite alleged misuse of P612.5 million in confidential funds, non-declaration of assets, abuse of power, bribery, and threatening the life of President Marcos. Sara Duterte formally announced her 2028 presidential bid on February 18.
The Marcos-Duterte feud divides Filipino communities abroad, where both political camps maintain active social media campaigns and fundraising operations. The political instability creates uncertainty for diaspora investments.
President Marcos appointed Environment Undersecretary Juan Miguel Cuna as acting secretary of the Department of Environment and Natural Resources (DENR), replacing Raphael Lotilla who was named Philippine ambassador to the Holy See. The appointment continues the administration's pattern of cabinet shuffles amid governance challenges.
Kanlaon Volcano in Negros Island erupted at 7:04 PM on February 26, generating a 2,500-meter ash plume and incandescent ballistics around the crater. Pyroclastic density currents descended the eastern and southeastern slopes within 2 km of the summit. Ashfall was reported across 121 barangays. The eruption came exactly one week after a similar event on February 19.
Families of residents near Kanlaon are monitoring the situation. Relief organizations among diaspora communities are on standby. OFW remittances to affected Negros families may increase for emergency needs.
Mayon Volcano continued its magmatic eruption for over a month under Alert Level 3. Lava flow lengths reached 3.8 km in the Basud Gully (east flank), 2.6 km in the Bonga Gully (southeast), and 1.3 km in the Mi-isi Gully (south). February's average sulfur dioxide output was 5,503 tons per day—the highest recorded at Mayon in 15 years and more than double the January average.
Bicolano OFWs are particularly concerned about family safety. International relief organizations are monitoring both eruptions. The dual volcanic crisis could affect agricultural exports from both Albay and Negros provinces.
PHIVOLCS reported continued low-level unrest at Taal Volcano, with a tremor episode lasting 12 hours and 32 minutes recorded during the week. Alert Level 1 ("Low-Level Unrest") was maintained. The sustained tremor activity, while not immediately dangerous, keeps Taal on the monitoring watchlist alongside the more active Mayon and Kanlaon.
Philippine, US, and Japanese warplanes and ships conducted joint exercises over the Bashi Channel near Taiwan from February 23-26 as part of the 15th Multilateral Maritime Cooperative Activity. Philippine FA-50 jets, Japan's P-3 Orion maritime patrol aircraft, and a US P-8A Poseidon flew combined patrols over the Philippines' northernmost Batanes islands. BRP Antonio Luna conducted a live-fire gunnery exercise.
Filipino-Americans and Filipino-Japanese communities see the closer trilateral defense ties as enhancing regional stability. The expanded military cooperation also creates more professional exchange opportunities for Filipino military personnel.
The Philippine Navy reported 18 Chinese vessels maintaining presence in the West Philippine Sea from February 15-22, including four PLA Navy ships and five Coast Guard ships at Bajo de Masinloc, four CCG vessels at Ayungin Shoal, three at Escoda Shoal, and two near Pag-asa Island. The Philippine Coast Guard also reported signal jamming by China hampering communications near Bajo de Masinloc.
Filipino seafarers and fishing communities along the West Philippine Sea are directly affected. The maritime tension remains a rallying point for diaspora advocacy groups pushing for stronger sovereignty protection.
The Bangko Sentral ng Pilipinas' 25-basis-point rate cut on February 19—the ninth since August 2024, bringing total easing to 225 bps—continued to ripple through markets this week. Yields on BSP term deposits dropped further. Capital Economics suggested one additional rate cut may come in 2026, citing weak economic growth linked to the flood control scandal's fallout on construction and investment.
Lower interest rates make OFW remittances worth slightly less in peso terms for savings, but could stimulate employment-generating economic activity. Real estate investments by diaspora Filipinos become more accessible with cheaper borrowing costs.
The BSP projected faster inflation for February 2026 compared to the 2.0% reading in January, with official data due March 5. Upward price pressures are expected from higher rice and fish prices, elevated domestic petroleum prices, and increased electricity charges in Meralco-serviced areas. The BSP forecasts headline inflation to average 3.2% for 2026.
Rising food prices directly affect the purchasing power of OFW remittances for families back home. Rice price increases are particularly impactful for lower-income households that depend on remittance income.
A bill was filed in the House of Representatives seeking to declare the EDSA People Power Revolution anniversary a regular non-working holiday nationwide. Currently February 25 is only a school holiday. The DOLE clarified that workers who worked on the day were not entitled to additional holiday pay. President Marcos said he would study the recommendation.
The Catholic Bishops' Conference of the Philippines urged Catholics to fast from digital distractions during Lent, proposing device-free meals, 24-hour digital fasts, and replacing screen time with prayer. Separately, CBCP President Archbishop Gilbert Garcera called on Filipinos to preserve justice, truth, and peace on the EDSA anniversary, linking the 1986 spirit to ongoing demands for social transformation.
Filipino Catholic communities worldwide, one of the largest global Catholic diaspora populations, are observing the CBCP's Lenten guidance. The Church's moral authority resonates particularly strongly among OFWs in the Middle East and other predominantly non-Christian host countries.
The Philippine Consulate General in New York hosted the 2026 Unity Iftar on February 27, bringing together Filipino-Muslim Americans and other community members in a call for solidarity and heritage preservation. The event highlighted the diversity within the Filipino diaspora and promoted interfaith understanding ahead of Ramadan.
Directly impacts Filipino-Muslim communities in the US and worldwide. The consular event strengthens community ties and provides a platform for interfaith dialogue among diverse Filipino-American populations.
Philippines and Oman to Sign OFW Safeguard Agreement
The Philippines and Oman are preparing to sign an agreement formalizing stronger safeguards for the estimated 50,000 OFWs in the sultanate. The accord will provide a guiding framework on ethical recruitment and promote transparency in the deployment process.
Senate Bill 1776: Comprehensive Reintegration Program for Returning OFWs
Senator Christopher "Bong Go" filed a bill seeking to institutionalize a comprehensive support system for returning OFWs, focusing on sustainable employment, entrepreneurship, and skills recognition rather than just immediate welfare assistance.
DOLE Labor Row Mechanism No Longer Applies to Overseas Workers
The Department of Labor and Employment clarified that its dispute resolution mechanism no longer applies to overseas Filipino workers, with the Department of Migrant Workers (DMW) now handling all OFW labor disputes under its mandate.
Bureau of Customs Enhances Balikbayan Box Processing for OFWs
BOC Commissioner Ariel Nepomuceno and DMW officials met with OFW organizations on February 24 to address issues involving balikbayan box shipments and freight forwarding companies, announcing new protective measures for OFW package processing.
70 Bilateral Labor Agreements Protect OFWs Amid Global Anti-Migrant Sentiment
OWWA confirmed the Philippines has established approximately 70 bilateral labor agreements globally to protect OFWs, with particular focus on maintaining protections amid harsh anti-migrant stances in Europe and the US under the second Trump administration.
Dominated the week's headlines with the historic ICC confirmation of charges hearing (Feb 23-27). Former President Rodrigo Duterte faced four days of testimony and arguments at The Hague. VP Sara Duterte continued to face multiple impeachment complaints while announcing her 2028 presidential bid.
President Marcos navigated the politically fraught 40th EDSA anniversary (commemorating the revolution that ousted his father), appointed a new DENR acting secretary, and continued to face pressure from the flood control scandal and anti-corruption protests.
The Aquino legacy was invoked repeatedly during the 40th EDSA People Power anniversary commemorations. The revolution that put Corazon Aquino in power was celebrated by civil society groups as a touchstone for democratic accountability.