Vivant Reports 1H2026 Core Net Income Of PHP784 Million As Power Generation Remains The Largest Contributor While Share Of Water Business Grows

Vivant Corporation posted PHP784 million in core net income for the first half of 2026, with power generation remaining its largest earnings contributor.

Pag-IBIG Fund Net Income Up 24% To PHP41.35 Billion In First Half Of 2026

Pag-IBIG Fund posts record first-half net income of PHP41.35 billion, reflecting stronger earnings and disciplined cost management.

Borromeo Motoring Group Signs New RES Deal For 20 Luzon Dealerships

Borromeo Motoring Group taps COREnergy to manage power more strategically across 20 Luzon dealerships and automotive facilities.

Two Founders, One Purpose: How Joel Cabugos And Jax Reyes Built KasKasan Buddies

KasKasan Buddies grew from the complementary strengths of Joel Cabugos and Jax Reyes, whose shared vision placed financial education and community value at the center.

Bello: 4K OFWs Stranded Due To PhilHealth Issue With PRC

Here's how the Philhealth issue affects Filipinos during the pandemic:

Bello: 4K OFWs Stranded Due To PhilHealth Issue With PRC

176
176

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

At least 4,000 overseas Filipino workers (OFWs) were stranded after the Philippine Red Cross (PRD) stopped conducting the coronavirus disease 2019 (Covid-19) tests for government due to unpaid PHP930 million debt by the Philippine Health Insurance Corporation (PhilHealth), the Department of Labor and Employment (DOLE) said on Tuesday.

DOLE Secretary Silvestre Bello III said the OFW returnees have been stranded in hotels in Metro Manila as they wait for their swab tests and results before they will be transported by the government to their respective provinces.

“Right now, we are talking of at least 4,000 plus OFWs now stranded in Metro Manila,” he said in a virtual Palace press briefing.

Bello said he is hoping that the issue between Red Cross and PhilHealth will be resolve as the soonest possible time.

“So the sooner this issue of payment is resolve the better for our OFWs and the better for the finances of our government that’s a big problem,” he said.

Bello said before the PRC stopped conducting test on arriving OFWs and other individuals asking for Covid-19 tests in government swabbing facilities, the DOLE was able to send 1,000 to 3,000 OFWs back to their home provinces a day.

“Now, the problem about Red Cross not conducting the swabbing test, we are now faced with another stranding of our OFWs, whereas before we succeeded in bringing home, or repatriating our OFWs at the rate of 1,000 to 3,000 a day, now we are talking about of maximum 300 a day so you can just imagine how many OFWs are stranded in all the hotels in Metro Manila,” he said.

He said more stranded OFWs would mean additional expenses for the government.

“That’s our problem and they are staying longer, while before they could stay only as long 3 to 4 days. Now, they are staying beyond one week and that’s our problem in terms of expenses and in terms of taking care of our OFWs,” Bello added.

A negative swab test result is one of the requirements for the OFWs to be able to go back to their home towns.

On Monday, President Rodrigo Duterte assured that the PhilHealth will settle its debts to Red Cross, hoping that PRC chairman Richard Gordon would still continue conduct Covid-19 tests.

Duterte said he will look for sources to settle the state insurer’s outstanding balance so that the PRC can resume the coronavirus disease 2019 (Covid-19) tests.

“We’ll look for the money. Hindi naman marami but ang priority natin dito is really medical treatment, medical attention. Babayaran to (Not so much but our priority is really medical treatment, medical attention. We’ll pay for it) in a short while, do not worry,” Duterte said in his weekly Talk to the Nation.

Earlier, PhilHealth President and Chief Executive Officer Dante Gierran said the state insurer will pay its outstanding balance, but also pointed out that his team found questionable items in the agency’s existing deal with the non-government organization.

He claimed that the contract between PhilHealth and PNRC, which was approved by former PhilHealth chief Ricardo Morales, did not comply with procurement directives of the Office of the Executive Secretary.

In the same Palace briefing on Tuesday, Presidential Spokesperson Harry Roque assured that PhilHealth did not run out of funds because under the Universal Health Care, the government is responsible for the viability of the state insurer.

Roque, however, could not determine when PhilHealth will be able to settle its debts to Red Cross.

“Hindi ko lang po masabi ‘no. I wish I could say within the day pero siyempre po may mga papeles naman na ginagawa (I cannot say when. I wish I could say within the day but of course there are documents being prepared) but I can assure you that at least half of that will be paid at the soonest time possible,” he said. (PNA)