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-CAR Starts UPLIFT Payout To 53K Beneficiaries

DSWD-CAR has launched the initial cash aid distribution to support beneficiaries under the UPLIFT initiative.

DSWD-CAR Starts UPLIFT Payout To 53K Beneficiaries

81
81

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

The Department of Social Welfare and Development in Cordillera Administrative Region (DSWD-CAR) on Monday said it has kicked off the distribution of PHP2,000 cash aid to 53,212 beneficiaries of the first two groups under the Unified Package for Livelihood, Industry, Food and Transport (UPLIFT) program.

Of the total, 35,934 are Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries who have already received their PHP12,000 top-up (PHP2,000 monthly for six months) directly in their digital wallets prior to kickoff.

The remaining 17,278 are poor and near-poor households listed under the Community-Based Monitoring System (CBMS), the DSWD-CAR said.

Enrique Gascon, DSWD-CAR officer-in-charge regional director, said in an interview, “We have simultaneously kicked off the payout for the beneficiaries in Abra, Benguet and two sites in Mountain Province today with 1,485 beneficiaries.”

This leaves 15,793 beneficiaries under Group 2 who are still to receive their cash assistance in the coming days as their registration is being completed.

Gascon said payout for the second group will take a bit longer considering the registration required in the national identification system of the Philippine Statistics Authority, account details or an online wallet, aside from the registration in the government-to-person system of the DSWD.

“We are doing it manually right now. We need to do all of this registration on the first payout so that on the second payout, they do not have to queue and devote time for the payout schedule as their financial assistance will already go directly to their account,” he said.

He added the DSWD now requires the national ID as the only identification for its program beneficiaries. The national ID can be used to open a digital wallet as well as a bank account.

Groups 2 and 3 will get their financial aid of PHP2,000 a month for six months, received once a month.

Gascon said there are three groups of beneficiaries under the UPLIFT program, which is a directive of President Ferdinand R. Marcos Jr. to cushion the effect of the energy crisis.

The first group is the 4Ps, the second group are the poor and near-poor listed in the CBMS, and the last group are active Social Security System (SSS) members whose names are still being generated by the SSS central data system.

The number of SSS members who will be included in Group 3 has yet to be determined. Those qualified are those with a monthly income not exceeding the threshold of PHP13,383.

The poor under the CBMS are heads of households with a monthly income of PHP13,383 or below, while the near-poor are those within the 25 percent allowance from the income threshold. (PNA)