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 Turns Over 2025 National Budget Worth PHP6.35 Trillion To Congress

The government’s proposed budget for 2025, amounting to PHP6.352 trillion, has been handed over to Congress by the DBM.

DBM Turns Over 2025 National Budget Worth PHP6.35 Trillion To Congress

1,049
1,049

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

The Department of Budget and Management (DBM) on Monday turned over the National Expenditure Program (NEP) to Congress, which lays out the government’s spending plan for 2025 amounting to PHP6.352 trillion.

Budget Secretary Amenah Pangandaman officially handed the NEP to House Speaker Martin Romualdez in a ceremony at the House of Representatives.

With the turnover, deliberations for the proposed 2025 national budget can now start at the lower chamber.

The proposed budget for next year is equivalent to 22 percent of the country’s gross domestic product (GDP) and reflects a 10.1 percent increase from the PHP5.768 trillion budget in 2024.

President Ferdinand R. Marcos Jr., in his third State of the Nation Address last week, said the 2025 budget was crafted with the highest levels of care, diligence, and meticulous attention to detail.

“We expect all agencies to ensure that every centavo allocated will be judiciously spent on our urgent priorities and socially impactful programs,” Marcos said.

Education remains the top priority with an allocation of PHP977.6 billion, followed by Public Works which is set to receive a substantial allocation of PHP900 billion.

Health is earmarked with PHP297.6 billion to continue implementing the Universal Health Care Act and ensure accessible and affordable healthcare services, while the Interior and Local Government will be given PHP278.4 billion.

To uphold national security, modernize defense capabilities and ensure the safety and sovereignty of the nation, PHP256.1 billion is designated for the Defense sector.

Meanwhile, Social Welfare is allocated with PHP230.1 billion; Agriculture with PHP211.3 billion; Transportation with PHP180.9 billion; Judiciary with PHPP63.6 billion; and Department of Justice with PHP40.6 billion. (PNA)