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.

Modern Evacuation Center Worth PHP46 Million Opens In Mati City

Mati City unveils a PHP 46.6-million evacuation center, reinforcing safety for all residents during emergencies.

Modern Evacuation Center Worth PHP46 Million Opens In Mati City

2,601
2,601

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

The Department of Public Works and Highways-Davao Region (DPWH-11) turned over a PHP46.6-million Regional Evacuation Center (REC) in Mati City, Davao Oriental on Friday, providing residents with a modern and disaster-resilient facility built to withstand natural calamities.

Located in Barangay Badas, the evacuation center’s site was selected based on safety recommendations from the Mines and Geosciences Bureau, ensuring it sits on an elevation safe from potential tsunamis and flooding.

The facility now falls under the operational management of Mati’s local government, which will oversee its use during emergencies and community events.

Association of Barangay Councilors president Danny Macaubos, representing the Mati City government, highlighted the facility’s importance in supporting the city’s disaster readiness.

“The REC opening reinforces Mati City’s commitment to disaster preparedness and community resilience, reflecting a proactive approach to addressing the increasing frequency of natural disasters while supporting the community’s welfare,” Macaubos said.

The new center can accommodate up to 530 individuals or about 160 families, featuring a large open court that doubles as a recreational area and emergency shelter, giving it the look and functionality of a modern gymnasium.

Other key features include spacious bathrooms, a mess hall, a fully equipped kitchen, a clinic, a prayer room, and an administrative building. Additionally, a high-capacity water tank ensures a steady supply of water during emergencies.

DPWH-11 said the Mati REC is part of a larger regional project that aims to construct 18 similar centers across Davao to strengthen disaster response capabilities.

The multi-use design allows the center to serve as both a shelter during disasters and a community gathering space for recreational and local events during non-emergency periods. (PNA)