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.

DA Chief: Philippines, Italy To Strengthen Agri Cooperation

Secretary Tiu Laurel Jr. hails the collaboration with Italy as a pivotal step towards improving agricultural output in the Philippines.

DA Chief: Philippines, Italy To Strengthen Agri Cooperation

2,952
2,952

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

The country’s agricultural production will be continually boosted with the strengthened cooperation with Italy, according to Agriculture Secretary Francisco Tiu Laurel Jr.

In a statement on Monday, the Department of Agriculture (DA) reported an agreement on a draft memorandum of understanding (MOU) between the Philippines and Italy during the World Food Day celebrations last Oct. 16 in Rome.

“Italy’s agricultural machinery industry is world-class, and the Philippines can greatly benefit from this expertise as we modernize our agricultural sector,” Tiu Laurel said.

The draft partnership, which was presented during the meeting with Italian Minister of Agriculture Francesco Lollobrigida, aims to support the agro-industrialization of Filipino farmers.

Besides this, Tiu Laurel also cited proposals to expand exports to include tuna, pineapples, frozen fish, carrageenan, and desiccated coconut; more Italian business investments in the Philippines for modernization and smart agriculture; as well as the possibility of increasing food trade and work opportunities for skilled Filipino fishers in Italy.

“Our partnership in agriculture reflects the shared vision of our two nations. We look forward to finalizing our agreements and ensuring sustainable, inclusive, and resilient food systems,” Tiu Laurel said.

To date, the Philippines has recorded USD129 million worth of agricultural exports to Italy, alongside the rising demand for Philippine food products due to the increasing Filipino community, now at 200,000, and the demand for Philippine cuisine among Italians.

 

Partnership with FAO

Tiu Laurel, meanwhile, highlighted “strategic investment plans” in partnership with the Food and Agriculture Organization (FAO), with select commodity targets including abaca, bamboo, mango, and seaweeds.

“We are keen to develop our agriculture sector through increased trade and investment. The Philippines is dedicated to creating sustainable livelihoods for our farmers and fisherfolk,” he said during an earlier meeting with FAO Director-General Dr. Qu Dongyu.

Tiu Laurel said the concerned sectors will help “create jobs, boost the country’s economy, and promote sustainable development.”

The agriculture chief also cited prioritizing direct support to Filipino farmers, the establishment of cold storage, farm-to-market roads, and irrigation amid challenges of natural disasters.

For his part, Qu assured FAO’s commitment to assist the Philippines in securing access to pandemic funds under the World Bank; boost these sectors, and help realize the country’s general food security target.

“FAO stands ready to continue supporting the Philippines in building resilient agricultural systems that can withstand health and climate-related crises,” he said.

To date, the Philippines has an ongoing collaboration with FAO, including USD41 million worth of projects composed of 19 national projects, and 16 additional global and regional projects. (PNA)