That's what the whole phrase translates as. I can't think of a situation in which the word "bale" is used just by itself.

It's most often used in the above phrase though.

The Tagalog word bale has its origin in the Spanish word "vale" (infinitive verb form is valer) meaning "ok, all right, worth it).
Example: bale wala : it doesn't worth anything

Hindi - not, no
na - particle that denotes past tense
bale - all right


In this case, hindi na bale should be translated as "never mind or it's all right." Take not of the use of negative to express positive expression.

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Note added at 2004-02-10 17:07:36 (GMT)
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Correction on the word not which should be note - sorry.