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.

Philippines, New Zealand Formalize ‘Comprehensive Partnership’

The comprehensive partnership lays the foundation for deeper engagement in economic, security, and other priority areas.

Philippines, New Zealand Formalize ‘Comprehensive Partnership’

36
36

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

New Zealand and the Philippines on Tuesday formalized their comprehensive partnership, set to allow the two countries to deepen engagement in various areas of cooperation, including trade and security.

Visiting New Zealand Foreign Minister Winston Peters and Foreign Affairs Secretary Ma. Theresa Lazaro announced the elevation of relations on the sidelines of the Philippine-hosted Association of Southeast Asian (ASEAN) foreign ministers’ meetings.

“New Zealand and the Philippines are close friends and trusted partners on the world stage – and today we turn this friendship into concrete action,” Peters said.

“Elevating our relationship to a Comprehensive Partnership signals the importance we place on working together to support a stable, rules-based Indo-Pacific,” he added.

In a bilateral meeting, the two top diplomats launched the “roadmap” that sets out the four focus areas of cooperation under the elevated ties, which include the development of political engagement; defense, security, and maritime cooperation; trade and economic ties; and people-to-people links.

“The Philippines is a dynamic partner in Southeast Asia – a regional powerhouse of 113 million people, and one of the region’s fastest-growing economies,” Peters said.

“This year, New Zealand and the Philippines are also celebrating 60 years of diplomatic relations – making this a timely moment to elevate our relationship,” he added.

Under the roadmap, the two states agreed to achieve a mutually beneficial 50 percent increase in two-way trade by 2030 through various initiatives, including the implementation of the Specific Commodity Understanding (SCU) for the export of New Zealand onions to the Philippines and the Export Plan for fresh fruit and vegetables from the Philippines to New Zealand.

The document also outlines the two nations’ plan to establish a policy exchange mechanism on export capabilities in the Philippine agricultural sector and to develop, before September 2026, a framework for climate cooperation.

At the conclusion of their meeting, Peters and Lazaro also signed two new agreements on education and geothermal energy cooperation to give effect to the Comprehensive Partnership. (PNA)