Day: August 6, 2025

Manila: Ayala Land Inc. (ALI) announced an eight-percent increase in net income, reaching PHP14.2 billion for the first half of 2025. This growth is attributed to the company’s diversified portfolio. According to Philippines News Agency, ALI’s consolidated revenues totaled PHP83.1 billion, driven by consistent revenues from property development, leasing, and hospitality operations. The property development segment alone generated PHP52.3 billion, propelled by robust sales from commercial and industrial (C and I) lot segments and premium residential bookings. The company highlighted a 42 percent rise in C and I lot revenues, totaling PHP9.1 billion, with significant sales recorded at Arca South

Manila: President Ferdinand R. Marcos Jr. emphasized that the national budget could adequately support his administration’s priority programs over the next three years if public funds are managed correctly and corruption is eradicated. According to Philippines News Agency, President Marcos stated in the latest episode of the BBM Podcast that eliminating corruption is crucial to ensuring that allocated funds are used for their intended purposes. He cited examples where infrastructure projects suffer due to corrupt practices, resulting in only partial completion while funds are misappropriated by officials. Marcos stressed that stringent management and proper allocation of resources are essential for

Manila: President Ferdinand R. Marcos Jr. announced that the government is set to decrease subsidies for the “Benteng Bigas Meron (BBM) Na!” program as domestic rice production improves due to recent agricultural reforms. According to Philippines News Agency, Marcos emphasized in the third episode of the BBM Podcast that aired on Wednesday, that as rice production continues to enhance, the financial support for the flagship affordable rice program will progressively lessen. Marcos noted that the government’s subsidy approach has now reached a sustainable level, allowing the administration to manage the program effectively. The BBM Na initiative, a key aspect of

Manila: The Senate on Wednesday formally agreed to archive the impeachment case against Vice President Sara Z. Duterte, following a Supreme Court (SC) ruling that declared the complaint “null and void ab initio” and that the Senate did not acquire jurisdiction over the case. Voting 19 in favor, 4 against, and 1 abstention, the chamber approved the motion of Senator Rodante Marcoleta to ‘adhere to the immediately executory decision’ of the SC en banc dated July 25, 2025, effectively transferring the impeachment complaint to the archives. According to Philippines News Agency, a separate motion by Senate Minority Leader Vicente Sotto

Tarlac: The Philippine Institute of Volcanology and Seismology (Phivolcs) reported on Wednesday that the seismic vault of the San Jose Observation Station in Tarlac was forced open and some equipment were stolen. Among the items taken were the Kinemetrics Q330HRS+ Quanterra digitizer worth approximately PHP1.144 million and solar batteries worth approximately PHP70,000. According to Philippines News Agency, Quanterra digitizers record and convert to usable formats all earthquake signal data detected by sensitive seismic sensors connected by specialized cables. The station operates a borehole seismic sensor for recording a wide range of volcanic earthquakes caused by magma intrusion beneath Pinatubo Volcano