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.

DSWD’s AICS Program Gets Additional PHP5 Billion

DSWD secures an extra PHP5 billion for its AICS program, prioritizing those affected by disasters.

DSWD’s AICS Program Gets Additional PHP5 Billion

1,941
1,941

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

The Department of Social Welfare and Development (DSWD) is set to receive PHP5 billion more for its Assistance to Individuals in Crisis Situation (AICS) program as part of the government’s immediate response to the needs of communities ravaged by the series of typhoons and other calamities.

The Department of Budget and Management (DBM) has approved the release of the Special Allotment Release Order and its corresponding Notice of Cash Allocation for the AICS program on Nov. 15.

Budget Secretary Amenah Pangandaman said the additional funding would help individuals severely affected by the recent typhoons to recover.

“Through this, we are sustaining support for vulnerable and marginalized communities. We are bridging the resource gap required for extensive disaster recovery and sustained support throughout the nation,” Pangandaman said in a DBM release Monday.

The AICS program is a critical component of DSWD’s services, providing essential support such as medical, burial, transportation, education, and food assistance, along with financial aid for other urgent needs of individuals and families in crisis.

The additional funds are under the special provisions in the 2024 General Appropriations Act concerning the use of Unprogrammed Appropriations, which may be tapped for vital infrastructure and social programs, including financial aid for needy citizens, contingent upon the availability of new or excess revenue collections, the DBM noted. (PNA)