OpenPinas: Weekly Review

Week of March 22-29, 2026

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11

Total Events

4

Economic

2

Legal

3

Dynasties

PHP:USD Exchange Rate

₱60.34

▼ Peso among Asia’s weakest in March on oil + Fed

Week in FX: After breaking P60, the peso stayed under pressure — trading near ₱60.03 (Mar 20) and weakening further to about ₱60.34/USD by mid-week as Middle East risk and hawkish Fed expectations fed import costs. BSP intervened to moderate sharp swings rather than defend a floor. Gold volatility added secondary noise for savers.

Source: BSP daily FX / Trading Economics / scan week 2026-03-22–29

Economic

Economic

DSWD Rolls Out ₱5,000 Cash Aid to 34,000+ Metro Manila Transport Workers

The Department of Social Welfare and Development opened a rolling payout under AICS: TNVS drivers on March 24, jeepney drivers March 25, delivery riders March 26-27, and motorcycle taxi riders March 28. President Marcos highlighted related distributions to Metro Manila drivers as emergency response to the Middle East–driven fuel shock (crude quoted above $100/bbl; peso near ₱60.03).

Families with TNVS, rider, or jeepney income may see short-term relief; one-off ₱5K is thin against volatile pump prices.

Sources: philstar.com, mb.com.ph, tribune.net.ph

Economic

Peso Weakness Persists Past ₱60 — Among Asia’s Worst March Performers

After breaking ₱60, the peso slid to about ₱60.03/USD (Mar 20 context) and media reported a fresh low near ₱60.34 by March 23. Drivers include expensive crude, Middle East risk, and hawkish Fed expectations. BSP steered toward smoothing sharp moves rather than defending a floor; the currency weakened more than 4% in March, hurting import purchasing power even as remittances convert at weaker rates.

More pesos per dollar helps on paper; food, fuel, and logistics inflation eats into real household budgets back home.

Sources: bsp.gov.ph, tradingeconomics.com

Economic

Fuel Volatility, Toll Discounts for PUVs, and Growing Calls for Fuel-Tax Relief

Throughout the week, reporting framed energy as ongoing volatility rather than a one-day oil print: toll-fee discounts for PUVs, buses, and freight began March 23 on major expressways; lawmakers renewed pushes for fuel-tax suspension and targeted aid (e.g. DZRH, Mar 27). Agencies kept contingency talking points—anti-profiteering, subsidies, possible excise relief—as CAB maintained an elevated fuel surcharge tier for aviation, keeping ticket prices sensitive to energy swings.

Balikbayan flights, shipping, and pasalubong logistics stay price-fragile; families feel sticker shock before headline CPI fully reflects it.

Sources: inquirer.net (Oil Price Watch), pna.gov.ph, gmanetwork.com

Economic

Pump-Price Math Remains Brutal for Households

Explainers in circulation (e.g. GMA, early March context recycled in late-March scans) underline how DOE-tracked adjustments can move gasoline, diesel, and kerosene by large peso amounts per liter when global benchmarks swing—reinforcing why DSWD transport aid and tax-relief debates stayed central through month-end.

Remitters may need to top up support when provincial neighbors and urban relatives face synchronized fuel-and-food shocks.

Sources: gmanetwork.com

Legal

Legal

VP Sara Duterte Impeachment — March 25 “Mini-Trial,” Answer Filed, Senate Dismissal Bid

Ahead of March 25, the House Committee on Justice framed a rules-based “mini-trial”: Chair Gerville Luistro urged the Vice President to appear and answer charges (confidential funds, alleged fraudulent liquidation, DepEd-era conduct, and reported threats against President Marcos and family); Rep. Terry Ridon argued procedure would survive Supreme Court review. March 23 reporting emphasized complaints sufficient in form and substance, with Duterte’s March 16 answer criticized for not engaging the merits—while she accused the House of double standards vs. a prior Marcos impeachment bid. Later in the week, her camp also sought Senate dismissal of the complaint as defective, keeping the Marcos–Duterte rupture inside institutions.

2028 coalition math and stability of civilian-military-business confidence ride on how this process is perceived abroad.

Sources: philstar.com, mb.com.ph, rappler.com, thediplomat.com

Legal

ICC Duterte Case — Confirmation Hearing Done; Decision Due Within ~60 Days

The ICC announced conclusion of the confirmation of charges hearing for former President Rodrigo Duterte after February 27, 2026, starting a clock for a Pre-Trial Chamber decision (typically within about 60 days—watch late April). Separately, on March 6, the Appeals Chamber rejected his detention appeal, leaving him in The Hague custody as Philippine domestic politics and the VP impeachment track run in parallel.

Human-rights networks overseas have pushed ICC engagement for years; the ruling will echo in coalition politics ahead of 2028.

Sources: icc-cpi.int, icc-cpi.int, philstar.com

International Relations

International Relations

West Philippine Sea — Fire-Control Radar on BRP Miguel Malvar; PCG Denies Secret China Deal

Manila confirmed a PLA Navy unit (bow 622) trained fire-control radar on the BRP Miguel Malvar near Sabina Shoal on March 7, publicized around March 21-22. Officials condemned the lock-on as dangerous escalation. The Philippine Coast Guard separately denied reports of a clandestine maritime cooperation pact with Beijing as lawmakers pressed for scrutiny of Chinese interference, including alleged jamming over WPS patrol lanes.

Coastal provinces and seafaring OFWs face higher strategic risk; diaspora advocacy on maritime rights remains active in US and EU capitals.

Sources: philstar.com, philstar.com, mb.com.ph

Natural Disasters

Natural Disasters

Kanlaon Unrest Still on Watchlists

After March’s earlier eruptive episodes, monitors flagged Mt. Kanlaon as still meriting vigilance entering the week of March 22—with PHIVOLCS continuing assessments and communities in Negros advised to heed ash and lahar protocols.

Negrense families abroad often bankroll evacuation, medical, and farm recovery costs during volcanic upticks.

Sources: phivolcs.dost.gov.ph

Political

Political

President Marcos Narrows Approval Gap with Vice President Duterte

Survey reporting summarized March 23 showed President Bongbong Marcos closing an approval gap against Vice President Sara Duterte as impeachment narratives and administration messaging gained traction, reshaping an earlier lead for the VP.

OFW chatter and influencer takes on the Marcos–Duterte split increasingly feed into remittance households’ political cues.

Sources: rappler.com

Political

DOH Undersecretary Tie and ₱141M in Infrastructure Contracts Draw Scrutiny

Watchdog attention focused on a Department of Health undersecretary’s relative winning roughly ₱141 million in infrastructure contracts, sparking conflict-of-interest questions and opposition calls for legislative inquiry even before formal cases are filed.

Families financing care back home lose confidence when hospital projects look captured by insiders.

Sources: rappler.com

Religious

Religious

Lenten Observances Continue Toward Holy Week

Catholic-majority communities marked the latter Sundays of Lent, with parishes scheduling reflections, outreach, and charity drives that often double as aid channels during concurrent fuel and food-price stress.

Parish drives and family remittances often spike during Lenten charity seasons for communities abroad and at home.

Sources: cbcponline.net

OFW & Diaspora News

Gulf Crisis Still Weighs on OFW Deployment Conversation

Reporting March 23 noted Middle East conflict pressure on foreign-policy and labor channels, with DOLE and OWWA monitoring for any fresh deployment or repatriation moves while the peso touched roughly ₱60.34/USD. Families should keep passports, contracts, and OWWA registrations current.

Transport Cash Aid Complements — Not Replaces — Remittances

DSWD’s ₱5,000 payouts for TNVS, jeepney, rider, and similar workers ease one slice of the oil shock; OFW remittances still anchor household budgets where recipients are not in formal target lists.

Dynasty Highlights

Marcos-Romualdez (economic)

Oil-driven inflation and a weak peso force layered responses — toll discounts, AICS cash transfers, and loud legislative debate on fuel taxes — defining governability during a twin external shock.