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.

DBM Announces PHP42 Billion For Irrigation In 2025 Budget

The government will dedicate PHP42 billion in 2025 to further develop the irrigation systems, the DBM announced.

DBM Announces PHP42 Billion For Irrigation In 2025 Budget

1,684
1,684

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

The government has allocated PHP42 billion for 2025 to further strengthen the country’s irrigation systems, the Department of Budget and Management (DBM) said Tuesday.

Speaking at the post-State of the Nation Address discussions in Pasay City, Budget Secretary Amenah Pangandaman said the allocation is in line with the priority thrust of the administration of President Ferdinand R. Marcos Jr. of achieving food security by strengthening the agriculture sector.

“As [President Marcos] mentioned in his SONA, we are strengthening our irrigation system nationwide. We have allocated PHP42 billion for our irrigation system nationwide next year,” Pangandaman said.

The irrigation budget is part of the 2025 National Expenditure Program (NEP), which will serve as Congress’ basis for the General Appropriations Bill (GAB).

In his third SONA on Monday, Marcos reiterated the government’s commitment to build and rehabilitate more dams to help boost agriculture production and ensure food security.

The government is also focusing on constructing solar-powered irrigation facilities, the President said, citing the newly launched Cabaruan Solar-Powered Pump Irrigation Project in Quirino, Isabela, the largest of its kind in the Philippines.

The Chief Executive also mentioned the Jalaur River Multipurpose Project in Iloilo that could irrigate 32,000 hectares of land.

“Moving forward, irrigation dams will supplement all our other bulk water projects to ensure water security for our people, especially in the underserved areas,” the President said. (PNA)