Trader relief as old bottled water stocks exempt from tax stamps surrender order

Stocks of bottled water manufactured or imported before July 1, 2026 have been exempted from a directive requiring traders and manufacturers to surrender all unused excise stamps after the commodity was removed from the list of excisable goods through the Finance Act, 2026.

‘Taxpayers holding unused V4 excise stamps for bottled water as at 1 July 2026 are required to return the stamps to the Kenya Revenue Authority in accordance with these guidelines,’ the Kenya Revenue Authority said.

‘However, taxpayers should note that bottled water lawfully manufactured or imported and stamped before July 1, 2026 may continue to be sold with the affixed stamps.’

The exemption is expected to provide relief to traders and manufacturers who may now avoid the logistical challenges of a multiple-step procedure of surrendering unused stamps.

A schedule by KRA showed that those returning excise stamps would initiate the process by logging in to the Excise Goods Management System (EGMS). Upon submission of the excise stamps return request in the EGMS system, KRA shall process the application and either approve or reject the request.

This would be followed by a physical surrender of the paper stamps before any reimbursements would be processed.

Excise duty on bottled water was charged at Sh6.41 per litre until late last month, when it was abolished by the Finance Act, 2026.

This marked the end of nearly a decade of excise taxation on one of Kenya’s fastest-growing consumer products.

As an excisable product, every bottle of water sold in Kenya was required to bear an excise stamp to track production and confirm that the requisite tax had been paid.

An excise stamp is a revenue marker affixed to excisable goods to demonstrate that excise duty -popularly referred to as the “sin tax”- has been paid by the manufacturer.

The removal of the tax came against the backdrop of a rapidly expanding bottled water market, fueled by growing health consciousness, rapid urbanisation and persistent concerns over the quality and safety of piped water supplies.

The government first introduced excise duty on bottled water through the Excise Duty Act, 2015, as part of broader tax reforms aimed at widening the tax base and increasing domestic revenue collection. The move also reflected an expansion of excise taxation beyond its traditional focus on alcohol and tobacco to include selected non-alcoholic beverages and other consumer goods.

To safeguard revenue collection, KRA requires all licensed manufacturers and importers of excisable goods to purchase digital excise stamps, which are affixed to products before they leave the factory.

The stamps, administered through the EGMS, enable the taxman to monitor production volumes, verify tax payments and curb tax evasion and illicit trade.

Initially introduced for alcoholic beverages and tobacco products, the digital stamps were later extended to bottled water, juices, soft drinks, energy drinks and cosmetics as the government intensified efforts to plug revenue leakages.

Tinubu approves four new divisions for Nigerian Army, recruitment of 28,000 personnel

In a major push to tackle insecurity in the country, President Bola Ahmed Tinubu on Thursday approved the expansion of the Nigerian Army’s structure from eight to 12 divisions and recruitment of additional 28,000 personnel.

Under the restructuring, new Divisions of Nigerian Army will be established with Headquarters in Makurdi, Ilorin, Jalingo and Benin City.

The presidency said establishment of the new divisions will significantly improve command and control, decentralise operational decision-making, strengthen border security, enhance the protection of critical national infrastructure, improve counterinsurgency and internal security operations, and ensure faster military response to emerging threats nationwide.

The landmark move to enhance the country’s security architecture and improve the operational effectiveness of the Nigerian Army was announced in a statement by presidential spokesperson, Bayo Onanuga on Thursday.

According to the statement, the approval underscores the President’s unwavering commitment to equipping the Armed Forces to address Nigeria’s evolving security challenges effectively and to strengthen national defence capabilities further.

‘The expansion builds on the Administration’s sustained investments in the Armed Forces, including approval for the recruitment of 28,000 additional personnel, acquisition of critical military platforms and equipment, improvements in troop welfare, and ongoing support for operational readiness and force modernisation,’ Onanuga said in the statement.

Giving further in information of the major push against insecurity by the President, Onanuga said under the new structure, the Nigerian Army will operate twelve divisions, strategically positioned across the country

Division one of the Nigerian Army with headquarters in Kaduna will cover Kaduna Kaduna, Kano, Katsina and Jigawa States, while division two with headquarters in Ibadan will cover Oyo, Osun, Ekiti and Ondo States.

Also, division three with its headquarters in Jos will cover Plateau, Bauchi and Gombe States while Division four with headquarters in Makurdi will cover Benue, Nasarawa and Kogi States. T

The headquarters 6 Division will be in Port Harcourt with Rivers, Akwa Ibom and Cross River States as its coverage areas, while the 7 Division with Headquarters in Maiduguri covers Borno and Yobe States.

The 8 Division will have its Headquarters in Sokoto with Sokoto, Kebbi and Zamfara States as its coverage areas while the 9 Division with Headquarters in Ilorin would have responsibilities for Kwara and Niger States.

The Headquarters of the 10 Division will be Jalingo with its areas of responsibility as Taraba and Adamawa States just as the 81 Division Headquarters is in Lagos with Lagos and Ogun States as its coverage areas.

Also, the 82 Division Headquarters with Headquarters in Enugu will cover Enugu, Anambra, Abia, Ebonyi and Imo States while the 83 Division with Headquarters Benin City will cover Edo, Delta and Bayelsa States.

The presidency said in the statement that implementation of the new structure of the Nigerian Army will be done in two phases.

‘The first phase, covering the establishment of the 5, 9, and 10 Divisions and the reorganisation of existing formations, will be completed by September 2026. The second phase, involving the establishment of the 83 Division and further reorganisation, is expected to be completed by December 2026’

The statement also quoted President Tinubu as commending the Chief of Army Staff, Lieutenant General Waidi Ibrahim Shuaibu, and all officers and soldiers of the Nigerian Army for their dedication, professionalism, and steadfast commitment to defending Nigeria’s sovereignty and territorial integrity.

‘The President reaffirmed his Administration’s determination to continue investing in the Armed Forces, ensuring they remain adequately equipped, highly motivated, and fully capable of protecting the nation and guaranteeing the safety and security of all Nigerians,’ the statement said.

Nigeria’s new era of free, fair, credible elections

Since his assumption of office in October 2025 as the Chairman of the Independent National Electoral Commission (INEC) following his appointment by President Bola Ahmed Tinubu, Prof. Joash Ojo Amupitan, SAN, has superintended over the conduct of two off-cycle gubernatorial elections as well as some National Assembly and State Assembly elections. Those elections served as the first litmus tests of his preparedness for the office and, perhaps, of his competence as the new chief election manager in the country.

The two governorship elections – Anambra State in November 2025, and Ekiti State in June 2026 – generated huge public interest and triggered massive conversations around the sanctity of the ballot, seamless logistic arrangements, conduct of election officials, and the need for effective security architecture during the elections. Concerns about election results collation and the need for real-time electronic transmission of results also dominated conversations. Many public commentators called for a paradigm shift and a new election template from the rancorous, opaque, and violence-prone system of the immediate past era.

Indeed, some public affairs analysts and political watchers who have witnessed many electoral seasons and the social cataclysms often associated with them have made a general characterisation of election cycles in the country as chaotic, fraud prone, and falling below the threshold of internationally acceptable contests. Nigeria’s electoral activities have often been characterized by irregularities, including vote rigging, violence, voter intimidation, vote buying, logistical shortcomings, delayed deployment of election materials, and allegations of bias by the electoral commission. These issues have continued to cast doubt on the credibility and transparency of the nation’s democratic process.

A political researcher, Shankyula T. Samuel, in his work titled *Political Thuggery in Nigeria and Elections and The Law,* notes that Nigeria’s political journey in the past two decades has been fraught with objectionable patterns which consign its democracy to a repugnant state. ‘The relevance of an election in a democratic setting cannot be overemphasized. An electoral process, depending on how free, fair, and credible it is, will either make or mar a democratic system… There is no gainsaying the fact that in the past series of elections held in Nigerian between 1999, 2003 and 2007, activities of thugs have taken a centre stage thereby breeding a feeling of resentment among members of the public,’ he observes.

Similarly, the Nigeria Civil Society Situation Room, a coalition of civil society organisations in the country, made a forceful point for democratic growth and consolidation in the country. In a piece titled ‘The Challenge of Finding an Independent Umpire,’ the group stresses the importance of having an electoral institution that is above board, non-partisan, and transparent.

‘The Independent National Electoral Commission (INEC) is created under Section 153 of the 1999 Nigerian Constitution (as amended). INEC is charged with the responsibility of conducting credible elections in the country. In recent times, there has been a huge challenge of partisan elements finding their way into the different levels of INEC, either through nomination by politicians or turning partisan upon appointment.The challenge for Nigeria at this time is to achieve a truly unbiased and non-

partisan election management body,’ the group said.

However, post-election assessments by political analysts, election observers, and other stakeholders since November 2025 when Prof. Amupitan mounted the saddle at INEC, have largely awarded the election refree an impressive scorecard, reflecting significant improvements in the conduct of elections across the country. The reports commended the Commission for its enhanced election management, marked by the timely deployment of electoral materials, effective handling of logistical challenges, and the seamless coordination of polling activities.

The reviews also highlighted greater transparency in the collation and transmission of election results, which contributed to increased public confidence in the electoral process. Furthermore, INEC was widely praised for demonstrating a high level of impartiality and professionalism, with observers noting the Commission’s non-partisan disposition in the discharge of its constitutional responsibilities.

Overall, the favourable assessments portray a noticeable departure from the shortcomings that had characterized previous electoral cycles, suggesting meaningful progress towards more credible, transparent, and efficiently conducted elections in Nigeria.

YIAGA Africa, a non-profit, civic organisation dedicated to democratic governance and civic participation in Nigeria and in Africa, awarded INEC under Prof. Amupitan, an excellent assessment in all the elections conducted since November 2025, while also recommending areas for improvements.

On the June 2026 Ekiti State gubernatorial election, the NGO averred that the official results announced by the commission accurately reflected votes cast at polling units across the state. The INEC Chief Returning Officer and Vice Chancellor of Federal University of Technology, Akure(FUTA), Professor Adenike Oladiji, declared incumbent Governor Biodun Oyebanji of the All Progressives’ Congress (APC) winner after polling 319,224 votes to defeat the candidate of the People’s Democratic Party(PDP), Dr. Wole Oluyede, who came a distant second with 40,543 votes.

In its final assessment of the poll, Yiaga Africa stated that its Watching The Vote (WTV) Parallel Vote Tabulation (PVT) findings showed that the results declared by INEC fell within its estimated range, indicating that the outcome announced by the electoral umpire was consistent with ballots counted at polling units. Its Chair of the 2026 Ekiti Election Observation Mission, Dr. Aisha Abdullahi, and the Executive Director of the organisation, Samson Itodo, while presenting the report, noted that the alignment between INEC’s official figures and its independent verification exercise demonstrated that the election results were not manipulated during collation at the ward, local government or state levels.

‘INEC’s official results for the 2026 Ekiti State Governorship Election are consistent with Yiaga Africa’s WTV estimate, as they fall within Yiaga Africa’s estimated range. This indicates that the official results, as announced, reflect the ballots counted at polling units’, the CSO said. It explained that if the results had been substantially altered during the collation process, the final figures would have fallen outside the statistical ranges generated through its PVT methodology. It stressed that the consistency of the results specifically confirmed the accuracy of polling-unit result tabulation.

Similarly, the Situation Room gave its verdict on the Ekiti guber election, affirming a credible election and passing a satisfactory assessment of the poll. Situation Room noted that the Ekiti State Governorship Election was conducted in a largely peaceful atmosphere across the State.

‘Reports received from accredited observers and citizen observers through the SEAT App indicated that election officials and materials arrived on time in a majority of polling units observed between 7:00am and 8:00am. Following deployment, polls commenced early in approximately 92 percent of polling,’ the Situation Room said. It added that the Bimodal Voter Accreditation System (BVAS) functioned satisfactorily in most observed locations.

Observers’ reports on the November 2025 Anambra State governorship election also revealed remarkable progress in the nation’s electoral process. The observer groups were unanimous that the election was in line with international best practice. Incumbent Governor Chukwuma Soludo polled over 400,000 votes to defeat his opponents at the poll.

Yiaga Africa also affirmed that the official results of the Anambra State governorship election, as announced by the Independent National Electoral Commission (INEC), aligned with findings from its Process and Results Verification for Transparency (PRVT) exercise.

In its post-election assessment, the group said the election outcomes were independently verified by the Anambra Election Observation Hub, a coalition of civil society organisations that monitored the poll across the state. In a statement signed by the Chair of the 2025 Anambra Election Mission, Dr Asmau Maikudi, and Executive Director of Yiaga Africa, Samson Itodo, the group stated that the consistency between its PRVT estimates and INEC’s official figures reinforces confidence in the credibility and transparency of the electoral process.

These findings were corroborated by the United Nations election observer, Jim Oko, who described the Anambra State governorship election as being ‘in line with international best practices.” Oko, who is the National Coordinator of Nouvel Perspective International, a UN-accredited election observation organisation, stated this in Awka in an interview with newsmen after the election result was announced.

With the positive and progress-affirming reports and assessments of credible independent electoral process and the confidence building election management by INEC under Prof. Amupitan, Nigeria may have finally turned the corner and put behind her incidents of electoral heist, irregularities, rigging, and manipulation of election results. Nigeria may have entered a new electoral era of due process, better organisation and coordination of polling activities, and a regime of an unbiased umpire..

That is not all. A credible poll is a recipe, if not the foundation of good governance. When polls are credible, elected officials will no longer use quality time and public resources to defend their mandates in the courts. INEC under Amupitan is set to see Nigeria through to that desirable era.

Court declines to hear Miyetti Allah president’s plea to vary bail conditions

The Federal High Court in Abuja on Thursday declined to hear a fresh application by detained National President of Miyetti Allah Kauta Kore, Bello Bodejo, seeking an order varying his bail conditions.

Justice Inyang Ekwo, in a ruling, held that since the Economic and Financial Crimes Commission (EFCC) is contesting the application, the court might be unable to conclude its proceedings before the court vacation commences.

EFCC charged Bodejo with money laundering involving 2.63 million U.S. dollars.

Justice Ekwo had, on Monday, admitted Bodejo to a N2 billion bail with two sureties in the like sum.

The judge ordered that one of the sureties must present a three-year tax clearance evidence and must reside within the court’s jurisdiction, while the second sureties must have a land worth N2 billion in Abuja.

When the case was called on Thursday, Bodejo’s lawyer, Mohammed Sheriff, informed the court about the application by his client, seeking, among others, the variation of the conditions attached to the bail granted him.

The lawyer to the anti-graft agency, Fatai Erewunmi, said he was served with the application and had responded by filing a counter affidavit.

But the judge said upon looking at the tenure of the application, which is being challenged, the court might be unable to conclude proceedings in the application before the court’s vacation.

The judge then advised parties to approach a vacation judge, during the court’s vacation, to hear the application.

He said after then, the substantive case can be returned for trial before his court.

Justice Ekwo adjourned the matter until Oct. 5 for the commencement of trial.

The EFCC accused Bodejo of accepting 100,000 dollars from Sa’idu Abubakar a former Accountant-General (AG) of Bauchi State who is currently in the lawful custody of the Nigerian Police Force, among other cash in hard currency.

The EFCC said the sum exceeded the statutory cash transaction threshold of N5 million prescribed under Section 1(a) of the Money Laundering (Prohibition) Act, 2011 (as amended), without routing the said transaction through a financial institution as required by law.

He was said to have committed an offence contrary to Section 16(1)(d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 16(2)(b) of the same Act,

The offence is said to be contrary to Section 19(1)(d) of the Money Laundering (Prevention and Prohibition) Act, 2022 and punishable under Section 19(2)(b) of the same Act.

Northern Samar seeks limits on gadget use by students in schools

The provincial government of Northern Samar is pushing for a policy on the use of mobile phones and other electronic devices in public and private elementary and secondary schools during class hours.

The officials cited concerns over distractions, cyberbullying, cheating, and exposure to inappropriate online content.

The proposed ‘Provincial Learner Focus and Digital Wellness Ordinance of 2026’ seeks to establish a stronger local framework for gadget regulations in schools and extend the policy to private educational institutions in the province.

Board Member Don Abalon, chair of the Sangguniang Panlalawigan committee on laws, justice, human rights and public accountability, authored the measure.

The proposed ordinance is intended to complement existing Department of Education (DepEd) policies, including DepEd Order No. 6, series of 2026, which regulates the use of mobile phones and other electronic devices in public elementary and secondary schools.

Under the proposed provincial measure, students would generally be prohibited from using mobile phones during instructional hours, except in cases involving medical needs or emergencies, or when it is expressly required by a teacher for academic purposes.

It also said unrestricted use of mobile devices in schools could expose learners to various risks, including digital misconduct, academic cheating, cyberbullying and unauthorized access to inappropriate content during school hours.

They also cited studies linking excessive or unrestricted mobile device use to declining academic performance among students.

School heads, administrators and teachers from public and private schools who participated in the public hearing earlier welcomed the proposed policy, saying clear guidelines could help promote a more focused and supportive learning environment for both students and educators.

Some stakeholders, however, proposed provisions that would allow community monitoring of compliance, stressing that the responsibility for educating and guiding children should be shared by schools, parents and the wider community.

Power for Tanzania, refinery for Lamu

Africa’s richest industrialist just placed two very different investments in two neighbouring countries, and the split tells sophisticated capital more about East African competitiveness than either deal does on its own.

At State House in Dar es Salaam, Aliko Dangote laid out a project pipeline for Tanzania that goes well beyond the cement plant that has anchored his presence there for years. On the table: a 2,000-megawatt coal-fired power plant, a urea fertiliser complex, new port infrastructure, a special trade zone, a 40-kilometre concrete access road, and an 812-kilometre transport corridor linking Mtwara to Mbamba Bay in the south. It builds on an existing $500 million cement operation in Mtwara producing three million tonnes annually and sits inside a wider Dangote Group commitment to deploy $40 billion across the continent over five years. President Samia responded quickly, directing her ministries to open technical discussions and appointing the Minister of Planning and Investment to coordinate formal negotiations, with a Tanzanian delegation expected in Nigeria in the coming weeks.

Read against Dira 2050’s flagship pipeline, this is the kind of signal investment climates are built on: a repeat investor, already embedded in the local economy, choosing to multiply his exposure rather than simply maintain it.

For DFIs and sovereign funds weighing Tanzania against its regional peers, that is a data point worth more than most communiques.

But the same meeting carried a second story, and it belongs to Kenya. Dangote’s planned East African refinery, long discussed as a Tanga project, will now be built at Lamu instead.

President Samia has clarified that her administration had not cleared the Tanga plan, and Dangote has since pointed to commercial and technical considerations, chiefly Kenya’s larger domestic fuel consumption base, as the deciding factor.

He has invited Tanzania to take an equity stake in the Lamu asset rather than host it. That is a generous offer, and a real one. It is also a reminder that anchor investment decisions of this scale are won on feedstock logistics, demand depth, and regulatory readiness well before they are won on diplomatic goodwill.

The two outcomes are not a simple win and loss. Tanzania secures upstream capacity across power, fertiliser and ports, precisely the infrastructure a manufacturing and mining economy needs to move up the value chain.

Kenya secures a strategically significant downstream energy security asset. Both governments got something real. What the split does confirm is that Dangote, like any investor deploying capital at this scale, is running the same siting discipline his peers apply everywhere: proximity to demand, cost of logistics, and speed of regulatory clearance decide where the largest tickets land, not the strength of the relationship alone.

For investors watching Tanzania specifically, three things are worth tracking before treating this as done. First, everything announced remains at the stage of technical and legal review. Implementation is explicitly contingent on ministries checking the proposals against legal, policy and development priorities, and formal negotiations have not yet concluded.

Second, a 2,000-megawatt coal-fired plant is a financing question as much as an engineering one. Development finance institutions and export credit agencies have moved decisively away from coal in the past five years, which narrows Tanzania’s options to commercial lenders, Dangote’s own balance sheet, or bilateral financing from markets less constrained by coal-exclusion policies.

That detail matters for anyone modelling how this gets built, and it sits awkwardly beside Tanzania’s parallel push to position itself as a regional hub for green investment. Third, the power plant and fertiliser complex will need offtake agreements, land arrangements and local content compliance worked out in detail, the same categories of commitment that determine whether ambitious announcements in Tanzania become operating assets or remain permanently at the memorandum stage.

None of this diminishes the significance of the announcement. A repeat investor choosing to expand rather than exit is itself a credible signal, and one Tanzania’s competitors would be glad to receive. But the discipline that separates a signed memorandum from a functioning power plant is the same discipline that should separate an investor’s enthusiasm from an investor’s due diligence.

The gap between the two is where the real work, and the real risk, sits.

Tanzania’s flagship pipeline under Dira 2050 will keep attracting announcements of this size. The question worth asking of each one, this deal included, is not whether the investor believes in the country, but whether the terms on offer can clear the financing, regulatory and offtake hurdles that stand between a State House meeting and a plant that produces power.

Trkiye unveils new defense industry strategy following NATO Summit in Ankara

The NATO Summit held in Ankara once again showcased the remarkable progress Trkiye has achieved in its defense industry. Following widespread praise from allied leaders for the country’s indigenous defense programs, the Presidency of Defense Industries (SSB) unveiled its strategic roadmap for the next phase of development. At the heart of this vision is the creation of a robust nationwide supply and manufacturing ecosystem capable of producing critical defense technologies entirely through domestic capabilities.

Under its strategy, ‘Developing Technologies and Capabilities That Will Shape the Future Through National Resources,’ the SSB is currently overseeing more than 1,100 defense projects. The objective extends beyond developing platforms that meet today’s operational requirements; it is also aimed at ensuring that Trkiye can independently design and manufacture the advanced technologies expected to define the future battlefield. As part of this strategy, Ankara seeks to reduce foreign dependence in key areas ranging from propulsion systems and semiconductor technologies to radar systems and integrated air defense networks.

One of the most significant pillars of the new strategy is to ensure that defense production is no longer concentrated among only a handful of major companies. To achieve this, the SSB plans to establish a comprehensive national supply ecosystem that will integrate small and medium-sized enterprises (SMEs), universities, and technology parks across all 81 provinces of Trkiye into the development and production of critical defense technologies. The initiative is expected to significantly expand domestic manufacturing capacity, accelerate production processes, and enhance the defense sector’s resilience against future disruptions and geopolitical crises. Recognizing that the international order established after World War II is undergoing profound transformation, Trkiye has made substantial investments in its defense industry over the past decade and is now positioning itself for a new strategic era. Under this vision, the country’s defense industrial base will no longer be confined to a limited number of companies or production centers but will evolve into a nationwide innovation and manufacturing network.

Having established itself as a global leader in unmanned aerial systems through the success of its armed drones, Trkiye now aims to extend that competitive advantage into next-generation defense technologies. Among the SSB’s strategic priorities are artificial intelligence, swarming autonomous systems, quantum technologies, directed-energy weapons, including laser systems, and space-based defense capabilities. Rather than focusing solely on catching up with competitors in already mature technologies, the strategy prioritizes investment in emerging fields where no single country has yet achieved undisputed technological dominance. Through this approach, Ankara seeks to further strengthen its asymmetric advantages in the defense sector while positioning itself at the forefront of future military innovation.

Another key priority outlined by the SSB is ensuring the long-term sustainability of defense systems throughout their entire operational life cycle. By carrying out the maintenance, repair, modernization, and lifecycle support of domestically developed platforms within Trkiye, the country aims to reinforce its logistical independence while keeping billions of dollars in defense-related expenditures within the national economy. Policymakers expect this strategy not only to enhance Trkiye’s deterrence capability within NATO but also to accelerate the technological transformation of its defense industry, further solidifying its position as one of the alliance’s leading defense manufacturing powers.

Lightning strike triggers province-wide blackout in Oriental Mindoro

A lightning strike damaged key electrical equipment at the Socorro Substation late Wednesday night, causing a total power interruption that affected the entire province of Oriental Mindoro, the Oriental Mindoro Electric Cooperative (Ormeco) said.

In an advisory, Ormeco said the outage occurred at 11:23 p.m. on July 22 after lightning struck the substation, burning the Current Transformer/Potential Transformer (CT/PT) and a suspension insulator. The incident coincided with a voltage surge which led to the province-wide outage.

Ormeco began the gradual restoration of electricity by energizing feeders by phases.

The electric cooperative said inspection, assessment, and corrective works at the Socorro Substation are ongoing while restoration efforts continue to ensure the safety of personnel and the stability of the power system.

Ormeco said it will issue further advisories as additional feeders are restored until electricity service is fully normalized across all affected areas.

CV construction value falls 12.8% despite more permits

Construction activity in Central Visayas weakened in the first quarter 2026 despite an increase in building permits, as higher material and fuel costs, rising logistics expenses and global economic uncertainty dampened project values.

Data from the Philippine Statistics Authority (PSA) showed approved building permits in the region rose 7.4 percent in the January-to-March period.

However, the total value of approved construction projects fell 12.8 percent to P6.47 billion from P7.42 billion a year earlier, indicating developers remained cautious amid rising costs.

Cebu Province remained the region’s largest construction market, accounting for P2.83 billion in approved projects. Bohol followed with P1.53 billion, although its construction value declined 22.8 percent from a year earlier.

Among the highly urbanized cities, Cebu City posted the largest construction value at P902.6 million, despite a 50.8 percent decline. Lapu-Lapu City saw construction value fall 57.7 percent to P376.8 million.

In contrast, Mandaue City emerged as the region’s fastest-growing construction market. Total construction value surged 439.3 percent, while approved floor area expanded 442.4 percent, driven by strong residential, commercial and industrial developments.

Mandaue City’s residential sector recorded a 314.6 percent increase in construction value, the highest in Central Visayas, reflecting robust demand for housing and condominium projects.

Commercial construction grew even faster. Non-residential construction value climbed 494.3 percent to P454 million, bucking the regional trend as investments continued to flow into commercial and industrial facilities.

Across Central Visayas, approved non-residential construction value fell 21.2 percent to P3.01 billion, signaling weaker investment in business establishments.

Cebu Province accounted for the largest share at P1.53 billion, while Cebu City and Lapu-Lapu City posted declines of 73.2 percent and 67.9 percent, respectively. Bohol’s non-residential construction value also dropped 47.1 percent.

Residential construction also slowed across the region. The number of approved residential permits declined 4.5 percent, while construction value fell 9.3 percent.

Cebu Province remained the largest residential market with P1.16 billion in approved construction value despite a 21.9 percent decline. Bohol, however, posted a 7.3 percent increase to P976.3 million, while residential floor area expanded 48.5 percent, suggesting a shift toward larger and higher-value housing projects.

Cebu City and Lapu-Lapu City recorded declines in residential construction value of 33.6 percent and 29 percent, respectively.

Other construction categories provided some support. The value of approved building additions jumped 462 percent to P65 million, led by Cebu Province. ‘Other construction’ projects, which include demolition and landscaping works, rose 256 percent to P163.3 million, with Mandaue accounting for the largest share.

Meanwhile, alteration and repair works remained concentrated in Cebu Province and Cebu City, partly driven by reconstruction efforts following the Northern Cebu earthquake and Typhoon Tino.

The PSA said construction activity could weaken further in the coming quarters as higher steel, cement and fuel prices continue to raise development costs.

It also warned that geopolitical tensions, extreme heat linked to El Niño and the possibility of higher interest rates could slow investment in capital-intensive projects.

ADB, Japan set up water security fund for Asia-Pacific

The Asian Development Bank (ADB) and Japan have launched a new fund to strengthen water security in developing countries across Asia and the Pacific, including the Philippines.

The Water Initiative for Security, Efficiency and Resilience (WISER) Fund seeks to build resilience against worsening floods, droughts and other water-related shocks.

The new fund will also support ADB developing member countries in improving water-use efficiency and adopting digital and innovative solutions to address emerging challenges in the water sector.

‘There is nothing more basic to life or more decisive for development than water. When water systems fail, crops dry out, businesses slow, children miss school and families become more vulnerable,’ ADB president Masato Kanda said.

‘When water is managed well, communities thrive, investment follows and economies grow. Water is also a clean, reliable source of hydropower, and in today’s energy markets that matters more than ever,’ Kanda said.

For the WISER Fund, the Japanese government is set to make an initial contribution of $10 million or roughly P617.7 million at current foreign exchange rates.

‘Investment in the water sector is indispensable to the sustainable development of the region and to improving people’s lives,’ said Satsuki Katayama, Japan’s finance minister.

Katayama pointed to Japan’s extensive experience in addressing water challenges, from minimizing leakage to advancing sanitation and strengthening disaster preparedness and response.

‘Japan will share this knowledge and expertise with the people of the region through ADB,’ she added.

The Asia-Pacific faces some of the world’s most severe water-related risks, with floods, storms and droughts increasingly threatening communities across the region.

About 220 million people in the region still lack access to basic water services and around 520 million remain without basic sanitation, according to ADB.

Citing its latest Asian water development outlook, the multilateral lender reported that 2.7 billion people across the region have moved out of extreme water insecurity since 2023.

Yet, environmental degradation, rising water-related risks and persistent gaps in infrastructure investment threaten to reverse progress and deepen existing vulnerabilities.