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.

Velasco Urges Senate To Pass Disaster Resilience Dep’t Bill

Speaker Lord Allan Velasco calls on the Senate to prioritize the passage of a bill creating the Department of Disaster Resilience as Typhoon Quinta battered different parts of Luzon.

Velasco Urges Senate To Pass Disaster Resilience Dep’t Bill

55
55

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

Speaker Lord Allan Velasco on Monday called on the Senate to prioritize the passage of a bill creating the Department of Disaster Resilience (DRR) as Typhoon Quinta battered different parts of Luzon.

“We earnestly urge our counterparts in the Senate to pass their own version so we can subsequently work on the enrolled bill to be sent to President Duterte’s desk for his signature,” Velasco said.

The House of Representatives approved the bill on third and final reading last September 21. The measure is now awaiting deliberations in the Senate.

Velasco, one of the authors and sponsors of the bill, said a department that deals specifically with disaster response and management is urgently needed, considering that the Philippines is frequented by typhoons and located along the Pacific Ring of Fire.

Velasco said the creation of the DDR will help the country in mitigating the devastating effects of natural disasters, especially amid the coronavirus disease 2019 (Covid-19) pandemic.

“The creation of a Department of Disaster Resilience allows us to be constantly prepared and well-equipped when natural disasters occur. This will enable other Departments to put all their focus and efforts in helping the country recover from Covid-19,” Velasco said.

The bill seeks to establish the DDR as the primary government agency that will lead, organize and manage the national effort to reduce disaster risk, prepare for, and respond to disasters, and lead in recovery and rehabilitation efforts.

Velasco, meanwhile, said he is currently coordinating efforts to rehabilitate his home province, Marinduque, in the typhoon’s aftermath

“We assure Marinduqueños that relief efforts are underway, and that we are working closely with the Provincial Government in the recovery and rehabilitation of Marinduque,” he said.

The Speaker has also coordinated with the National Disaster Risk Reduction and Management Council (NDRRMC) and the Department of Social Welfare and Development (DSWD) so that assistance and immediate relief operations may be extended to other areas hit by the typhoon. (PNA)

Photo Credit: www.pia.gov.ph