
Reggie Manlapig, a jeepney driver from Malolos, Bulacan, reports a significant drop in daily earnings due to soaring fuel prices linked to the global energy crunch, stating his income has been cut from 400–500 pesos per 16-hour shift to a much lower amount, despite driving the same route from Malolos to San Fernando, Pampanga.
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Reggie Manlapig has been driving jeepneys for nearly 25 years and has previously managed rising fuel prices, but current costs are spiking amid the global energy crunch.
Reggie Manlapig, 46, has been driving jeepneys for nearly 25 years and has weathered rising fuel prices – but with costs spiking amid the global energy crunch, he is now wrestling bigger demons.
“The impact has been huge. Before, in a 16-hour shift of driving, I could take home 400 to 500 pesos [US$6.30 to US$8] – now there’s a big cut to that income,” said Manlapig, who plies a two-hour daily round route from Malolos in Bulacan, north of Manila, to San Fernando, Pampanga.
“Doing the full route five times straight in a day really pushes you. Before, three round trips alone would already give you decent earnings – especially on days with no classes, holidays, or student holiday periods; those are especially hard.”

U.S. President Trump convened global technology giants to hold an artificial intelligence luncheon at the White House. Apple became the only major technology company to be absent. Neither Chairman Cook nor CEO Turners attended. Apple did not respond to inquiries, and outsiders speculated that it was related to its lagging behind in AI progress. However, Gerstner, CEO of Altimeter Capital, believed that the absence was irrelevant, pointing out that Apple understands the development of AI and may agree with the views of the meeting. Cook has recently participated in many Trump administration activities. Apple's AI strategy focuses on device-side models, which is different from the cutting-edge model paths of OpenAI, Google and other companies. The stock price will rise by 22.5% in 2026.

The Bureau of Labor Fund Utilization announced the latest performance. As of the end of August this year, the labor fund earned 2.3227 trillion yuan, with a yield of 29.45%, which was twice the full-year income last year. In August, the Taiwan stock market soared more than 3,000 points and returned to 46,000 points, and the fund turned from a loss to a profit. The average dividend per person under the new labor system was 123,900 yuan, a record high.

Data released by the U.S. housing finance institution Freddie Mac on October 1 showed that the average interest rate on 30-year fixed mortgages rose to 7.28%, the highest since November 22, 2023. Interest rates have risen for six consecutive weeks. The trend is obviously affected by the war in Iran. The number of loan applications has declined for four consecutive weeks. The downturn in the real estate market may continue.
During the National Day holiday, Shenzhen Yantian Port launched a non-stop operation mode. Domestic products such as lamps, clothing, and shoes were inspected and shipped for export to global markets such as the United States, Mexico, and the Netherlands. With its efficient loading and unloading, fast customs clearance and dense air routes, Yantian Port has become an important channel for domestic goods to go to sea. In the first eight months, Shenzhen exported 4.6 million TEUs, a year-on-year increase of 7.5%.

The US Treasury Secretary Scott Bessent urged European allies, particularly France and Germany, to immediately release strategic diesel reserves to address soaring global fuel prices linked to the US war on Iran, with EU member states set to discuss a coordinated response on Friday.

According to the Allianz Group's 2026 Global Wealth Report, Taiwan's per capita financial assets reached 164,470 euros (approximately NT$5.95 million), ranking fifth in the world and second in Asia, second only to the United States, Switzerland, Denmark and Singapore. The report pointed out that in 2025, the total financial assets of Taiwanese households will increase by 8.7% annually to reach 4.5 trillion euros, and securities assets will grow by 17.7%, accounting for 34.9% of household assets, which is higher than the Asian average of 30.8%. Real growth after deducting inflation was 6.9%, with a cumulative growth rate of 41.5% since 2019, higher than the Asian and global averages. Allianz warns that slowing global economic growth, stagnant inflation and geopolitical fragmentation are the three major risks from 2026 to 2027, and AI will be the biggest variable in the future direction of wealth.