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.

DOTr Looks For New Provider Of Cheaper Beep Card

The “no Beep card, no ride” policy in Edsa Busway will remain suspended while looking for another automatic fare collection system provider that can offer cheaper service.

DOTr Looks For New Provider Of Cheaper Beep Card

91
91

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

The “no Beep card, no ride” policy in Edsa Busway will remain suspended while looking for another automatic fare collection system provider that can offer cheaper service, the Department of Transportation (DOTr) said on Tuesday.

In a statement, DOTr Assistant Secretary Goddes Hope Libiran noted AF Payment Inc.’s (AFPI) offer to give away 125,000 Beep cards for free but the department is still opening doors for other payment providers that would not impose additional fees on Beep card users.

“We will decide on this in due time. But as of now, the no beep card, no ride policy is still suspended. We open our doors to other providers,” Libiran said.

She said the move to look for other cashless payment providers aims to avoid a monopoly, noting providers must also be ready for integration and interoperability with other payment providers.

“Their systems should be open and ready for integration and interoperability. [DOTr Secretary Arthur Tugade] also noted that charges in operating the system must not be shouldered by commuters,” Libiran said.

In an interview over CNN-Philippines, Tugade discussed the possibility of regulating the cashless payment providers in public transport as part of the oversight function of the DOTr.

“Naniniwala ho ako na pwede ho kaming maglagay ng mga regulasyon, patakaran at panuntunan, upang sa ganoon, ay magkaroon ng plataporma na ‘yung Beep card ay libre (I believe we can create a regulation, rules, or guidelines so we can have a platform where a payment card is free),” Tugade said.

Tugade said the DOTr has yet to accept AFPI’s offer to give away 125,000 Beep cards.

“Sabi ko, pag in-accept niyo ngayon ‘yan, baka mai-stall tayo. Dapat ‘wag ninyong i-accept ‘yan (I said, if you accept their offer, we might get stalled. You shouldn’t accept that),” Tugade said.

He said all the proposals should be studied first including the offer of AFPI. (PNA)