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.

New P170-M US Aid To Protect High-Risk Communities Vs. Disasters

This assistance would focus on communities in Metro Manila and the provinces of Northern Samar and Maguindanao that are highly prone to frequent earthquakes, typhoons, and floods.

New P170-M US Aid To Protect High-Risk Communities Vs. Disasters

99
99

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

The United States government, through the US Agency for International Development (USAID), has provided an additional PHP170 million (USD3.5 million) to bolster the Philippine government’s capacity to help protect high-risk communities against the impacts of natural disasters, the US Embassy in Manila announced Tuesday.

The new assistance would focus on communities in Metro Manila and the provinces of Northern Samar and Maguindanao that are highly prone to frequent earthquakes, typhoons, and floods.

“Through this assistance, we hope that Filipino communities are able to prepare, mitigate, and recover quickly from the negative impacts of natural disasters,” US Embassy Chargé d’Affaires John Law said.

“As a friend, partner, and ally of the Filipino people, we are proud of our partnership with the Philippine government and the great strides we have made to boost the country’s resilience against natural calamities,” he added.

Through the funding, the USAID will boost the capacity of community leaders and local governments to mitigate disaster risks, improve early warning systems, and develop better protocols for more rapid disaster responses.

The agency would also train evacuation center managers to organize safe evacuations that include safeguards and social distancing.

The announcement coincides with the Oct. 13 commemoration of the International Day for Disaster Reduction, which encourages citizens and governments to take part in building more disaster-resilient communities and nations.

Citing the 2019 Asia Pacific Disaster Report, the embassy said the Philippines’ multi-hazard average annual loss is estimated at USD20 billion, with 75.8 percent of the country’s total population living in high-risk areas.

Since 2010, USAID has provided PHP16.5 billion (USD340 million) in disaster relief and recovery assistance for more than 100 cities and municipalities in the Philippines, the embassy said. (PNA)

Photo Credit: www.ph.usembassy.gov