00:01GCash debuts on the stock market with a record P60.9 billion initial public offering.
00:07The budget of the Office of the Vice President passes the Senate Finance Subpanel in under 20 minutes.
00:13Senator Erwin Tulfo seeks to declare Chinese Ambassador Jing Chuan persona non grata.
00:18Malacanang defends Presidential Commission for the Urban Poor Commissioner Zofia Canlas.
00:23And, Filipina tennis star Alex Ayala defeats Francis Deanne Parry at the Ningbo Open in China.
00:38GCash makes its landmark stock market debut on Tuesday, October 20, raising a record P60.9 billion through its initial
00:46public offering.
00:47Its parent company, Mint, is listed on the bourse in a ceremony joined by President Ferdinand Marcos Jr.
00:52The fintech giant begins trading under the stock symbol GCash.
00:56What started as an SMS-based money transfer service has grown into a platform that is part of Filipinos' everyday
01:05lives.
01:06Mint raises a record P60.9 billion from the sale of 9.23 billion shares priced at P6.60 apiece,
01:15including the fully exercised over-allotment option.
01:17But only P10.6 billion represent fresh capital for the company, while the remaining P50.3 billion come from secondary
01:25shares sold by existing investors.
01:28Around P1.1 billion in the IPO come from subscribers in the GCash app.
01:32As of 10.30 a.m., an hour after it listed, GCash is trading at P6.73, about 2%
01:39higher than its P6.60 IPO price.
01:43GCash intends to use a large chunk of its IPO proceeds to evolve from an e-wallet for sending money
01:48to a wider finance platform for savings, loans, insurance, and investment products.
01:54It took less than 20 minutes for the proposed P785.2 million budget of the Office of the Vice President
02:02for 2027 to pass the Senate Finance Subpanel Tuesday, October 20.
02:07Senate President Sherwin Gachalian asks OVP Chief of Staff Zulaika Lopez about Vice President Sara Duterte's absence at the budget
02:14hearing.
02:14Lopez says Duterte skipped the budget hearing to represent her father at the internment of Davao City's long-serving city
02:21planner.
02:21Gachalian notes, last year, Duterte took time out of her busy schedule to lead her agency in defending their budget.
02:27He also hopes the Vice President will show up at her agency's budget deliberations at the Senate Plenary.
02:33The OVP is proposing a P785.2 million budget for next year, including allocations for socioeconomic programs targeted to extend
02:41aid.
02:42This is 11% lower than the OVP's 2026 budget.
02:46Among the articles of impeachment against Duterte is misuse and misappropriation of her office's confidential funds from 2022 to 2023.
02:56Senator Erwin Tufo files a resolution seeking to declare Chinese Ambassador Jing Chuan a persona non grata.
03:03This over his recent remarks, which the Philippine government described as a thinly veiled threat on the use of force.
03:09We should feel fortunate enough that you have a neighbor like China in this region.
03:15You know, if we want to use force, we may easily win.
03:19But no, we will not choose force.
03:24And we love peace.
03:26In filing Senate Resolution No. 739, Tufo expresses the Senate's serious concern over the controversial statement of the Chinese envoy.
03:34The Department of Foreign Affairs admonished Jing over his remarks and summoned the diplomat to express the government's serious concern.
03:41The DFA also told him it was not his place to taunt Philippine officials.
03:45Senator JV Ejercito first raised the possibility of senators filing a resolution to declare Jing persona non grata after the
03:53Chinese embassy in Manila dared Philippine officials to do so.
03:58The Malacanang Defense Zofia Canlas, who just became a commissioner for the Presidential Commission for the Urban Poor.
04:04Presidential Communications Undersecretary Claire Castro says Canlas was not new in the PCUP.
04:09At ang Pangulo naman po, ito ang laging binabanggit at sinasabi.
04:15Ano man ang estado mo sa buhay, mayaman ka, mayhirap ka.
04:21Kung ikaw ay may kakayanan na magtrabaho, magsilbi para sa bayan, iyan po ang numero uno para sa Pangulo.
04:30This after groups slammed Canlas' appointment, noting she lacked the credentials and pro-people track record for the position.
04:38The agency works with the country's informal settler communities.
04:41Canlas has served as the commission's chief of staff since July 2025.
04:45She graduated with a biology degree from the De La Salle University in Manila in 2024, according to her LinkedIn
04:52profile.
04:53Her photos showing trips to Italy, Spain, France, Greece, and the United States drew attention.
04:58Her Instagram and Facebook accounts were unavailable as of Tuesday, October 20.
05:03Asked whether the palace is worried about appointing someone with a lavish lifestyle,
05:07Castro says Canlas must be given a chance to work.
05:12Filipina tennis star Alex Ayala gets off to a strong start at the Ningbo Open in China
05:17as she defeats Frances Deanne Parry 6-3, 6-1 in the round of 32 match on Monday, October 19.
05:23The match has seen the two players tie at 3-3 before Ayala finds her momentum to eventually defeat Parry
05:29in straight sets.
05:31Ayala will advance to the round of 16 and will face sixth-seeded Deanna Schneider of Russia.
05:36Ayala's Ningbo Open victory comes after her early exit from the Wuhan Open.
05:40She also settled for bronze at the 2026 Asian Games in Nagoya, Japan.
