OpenPinas: Weekly Review

Week of May 23 – May 30, 2026

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May 23 – May 30, 2026

Added to OpenPinas since May 16 – May 23, 2026

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Review stories

3 Legal1 International Relations1 Political

Timeline

5

Stories

25

Trial Witnesses

Nov 30

ICC Trial Target

₱61.48

Peso Close (May 30)

PHP:USD Exchange Rate

₱61.485

▼ Record-low band; BSP hands-off as reserves hit 12-year low

The peso ended May near ₱61.48–₱61.75, repeatedly testing record lows after mid-month breaches. BSP Governor Eli Remolona reiterated a market-determined, hands-off stance while data showed gross international reserves falling to a 12-year low of about $469 million in April intervention flows. OCBC warned another rate hike alone may not stop further weakness ahead of the June 5 inflation print.

Source: BSP / Philstar / Tribune / OCBC

Political

Political

House Prosecution Names 25 Witnesses and Will Seek Bank Subpoenas Before July 6 Trial

Lead House prosecutor Rep. Gerville Luistro said on May 30 the panel will call 25 witnesses at Vice President Sara Duterte’s Senate trial, including hostile witnesses from DepEd and the OVP still aligned with Duterte. Prosecutors will move to subpoena bank officials and records—a route not taken in House hearings because of bank-secrecy caution, but available in impeachment proceedings after AMLC testimony flagged ₱6.7 billion in covered and suspicious transactions for Duterte and her husband while SALNs showed no cash on hand from 2019–2024. The Senate set her answer deadline for Monday, June 1 after the 10-day summons period would have ended on Saturday, May 30. The week shifted impeachment from institutional opening to evidence strategy ahead of the July 6 trial start.

First Senate trial phase could make unexplained wealth a public record issue for overseas voters weighing 2028 candidates.

Sources: Philstar, Philstar (June 1 deadline), GMA News

Legal

Legal

SC Publishes Full TRO Denial as Raids Fail to Find Fugitive Senator Bato

On May 25 the Supreme Court released its eight-page resolution and separate opinions behind the 9–5–1 vote denying Senator Ronald “Bato” dela Rosa’s TRO against an ICC arrest warrant, ruling he had no “right in esse” and that threats to his liberty were “more imagined than real” while Senate custody and Malacañang had not ordered his arrest. Concurring justices cited RA No. 9851 and Pangilinan v. Cayetano on possible ICC cooperation; five dissented. On May 27, CIDG and NBI teams raided four properties in Pampanga, Metro Manila, and Bulacan but did not locate him. Legal analysts debated whether Marcoleta’s push for virtual impeachment participation could let an unsworn senator-judge vote from hiding—the Senate has no precedent for remote impeachment judges.

Published reasoning makes it harder for allies to claim courts blocked enforcement; failed raids keep ICC credibility on the line for overseas observers.

Sources: Rappler, Abogado.com, Gulf News, Rappler (virtual vote debate), SunStar (raids)

Legal

CIDG Links May 13 Senate Shooting to Bato Escape; Padilla Faces Obstruction Charges

CIDG Director Robert Alexander Morico II said on May 28 the May 13 gunfire inside the Senate and dela Rosa’s departure hours later were related, with the escape a coordinated, pre-planned maneuver. Investigators said Senate Sergeant-at-Arms Mao Aplasca fired after spotting NBI personnel near the chamber; findings went to a DOJ prosecutor panel reviewing the leadership-coup week that installed Alan Peter Cayetano. The PNP referred obstruction-of-justice charges against at least six people including Senator Robin Padilla, whose cooperation Morico called indispensable. Cayetano’s liability over the vehicle used to bring Bato back on May 11 was left to the DOJ. The narrative reframes the standoff from political chaos to an alleged obstruction of ICC enforcement.

Sources: SunStar, Rappler, CIDG / Senate context

International Relations

International Relations

ICC Status Conference Sets November 30 Trial Target; Orders Fresh Medical Exams for Duterte

Trial Chamber III held the first status conference on May 27 for Prosecutor v. Rodrigo Roa Duterte. The prosecution proposed opening trial on November 30, 2026; Presiding Judge Joanna Korner said the chamber was prepared to accede but deferred final scheduling until new medical examinations ordered that day. Duterte waived appearance; British counsel Peter Haynes now leads defense. Further conferences were set for June 23 and July 14. The hearing advanced Hague logistics—interpreter needs, witness protection, evidence disclosure—while Manila pursued Sara’s impeachment and Bato’s manhunt, keeping the Duterte accountability story on parallel tracks.

A public November trial date gives overseas families a concrete Hague timeline separate from the Senate’s July impeachment calendar.

Sources: Philstar, Manila Bulletin, Inquirer

Economic

Economic

Peso Closes May Near Record Lows as BSP Stays Hands-Off and Reserves Slide

The peso spent the final week of May in the ₱61.46–₱61.75 band after repeated record lows earlier in the month, with markets closed May 27 for Eid al-Adha. BSP Governor Eli Remolona reiterated a hands-off, volatility-smoothing stance even as gross international reserves reportedly fell to about $469 million in April—the lowest monthly intervention tally in roughly 12 years. OCBC said another BSP hike might not break the slide before the June 5 inflation release, citing oil, a strong dollar, and weak risk appetite. The external squeeze continues to offset nominal remittance gains for households still absorbing April’s 7.2% headline inflation.

Dollar remittances buy more pesos on paper but import and transport inflation still erode what families can afford at home.

Sources: Tribune, Manila Bulletin, Radar.ph

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