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.

United Nations Hails ‘People-Centered’ Philippines Approach In Disaster Risk Reduction

The Philippines stands out as a model of community-driven disaster risk reduction, recognized by the UN for its innovative practices.

United Nations Hails ‘People-Centered’ Philippines Approach In Disaster Risk Reduction

2,542
2,542

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

The head of the United Nations Office for Disaster Risk Reduction (UNDRR) on Monday praised the Philippines’ people-centered approach in disaster risk reduction.

At the 2024 Asia-Pacific Ministerial Conference on Disaster Risk Reduction (APMCDRR), UNDRR chief Kamal Kishore said the Philippines is already “way ahead” of the DRR curve as focus on communities, which are often the most affected during calamities, is an essential component of reducing and managing disaster risks.

“The work that is being done in Philippines can be a lighthouse to the rest of the region, and, indeed the world,” he said at a media reception.

On top of making sure that policies and projects come together at the local level, Kishore said the close collaboration between government agencies in the Philippines is a policy that other states should also replicate.

“Also very unique is how you bring together different parts of the government —there are two secretaries in the media event and there are other departments involved throughout the conference— it is not something that you see very often in many countries,” he said.

Joining Kishore at the forum were Defense Secretary Gilberto Teodoro Jr. and Environment Secretary Maria Antonia Yulo-Loyzaga.

In an interview, Yulo-Loyzaga said fostering closer collaboration between different sectors in the country “has not been easy” for the Philippines as well, but the key is making the academe an integral part of the conversation.

“The key seems to be is in how you institutionalize this disaster risk reduction agenda and how that can be based in the state colleges and universities that are localized also in their focus,” she said.

“(This is) so that when political administrations change, the knowledge continues to develop and is somewhere in the local government.”

One of the outcome documents expected after the week-long APMCDRR is a co-chairs’ statement issued by the Philippine government and the UNDRR.

The APMCDRR is held every two years and brings together UN member states, international organizations, and other stakeholder groups to accelerate the implementation of the Sendai Framework 2015-2030 at the regional level.

The framework is the outcome of the UN-supported negotiations held from 2014 to 2015 that aims to prevent new and reduce existing disaster risk.

All states and stakeholders involved in the agreement are currently working towards achieving seven global targets by 2030, including reducing mortality and direct economic loss from disasters; and increasing access to multi-hazard early warning systems and the number of countries with national and local DRR strategies, among others. (PNA)