Category: Business Mirror

AFTER days of typhoon-induced rain aggravated by the prevailing southwest monsoon, Manila Water Corporation, Inc. said it has strengthened monitoring and coordination efforts in Upper Wawa Dam and downstream communities.

Nonstop rain across Luzon triggered landslides and massive floods, claiming the lives of 23 people, the National Disaster Risk Reduction and Management Council (NDRRMC) reported.

Through its subsidiary WawaJVCo, Manila Water said it continues to strengthen efforts to support public safety and resiliency, especially in communities downstream of Upper Wawa Dam.

Beyond water security, the Upper Wawa Dam, located in Montalban, Rizal, highlights the role of modern infrastructure in building climate resilience and safeguarding communities. While designed as a water supply source, it has also become an important flood mitigation measure, helping reduce flooding in

Rizal and Marikina City by capturing excess rainfall.

With a 262-square-kilometer watershed, a 120-million-cubic-meter reservoir, and features such as a stepped chute and stilling basin, the dam regulates downstream flows, reduces erosion, and lowers flood risks for nearby communities.

Recent rains that caused Upper Wawa Dam to reach overspill levels highlighted the importance of timely monitoring, information sharing, and close coordination among water authorities and local government units to help downstream communities stay prepared during severe weather events.

Upper Wawa Dam commonly reaches its Full Supply Level (FSL) of 135 meters above sea level (masl) during the rainy season, particularly during typhoons and periods of intensified southwest monsoon (habagat) activity, often resulting in overspill conditions. Overspill occurs when water naturally flows through the dam’s spill structure once the reservoir reaches its designated operating capacity. This is a normal part of dam operations designed to safely manage excess inflows during periods of heavy rainfall.

The recent intensification of Habagat prompted heightened monitoring of reservoir levels and watershed conditions, allowing WawaJVCo and relevant government agencies to closely track developments and provide timely updates to communities and stakeholders.

‘Events like these underscore the value of having robust monitoring systems and clear communication channels in place. The ability to continuously monitor conditions and promptly share information helps support preparedness efforts among local government units and communities,’ said Joe Costales, General Manager of WawaJVCo.

As part of its operational protocols, WawaJVCo closely coordinates with concerned local government units, disaster risk reduction and management offices, and other stakeholders whenever significant changes in reservoir conditions are observed. When water levels approach elevations that may have implications for downstream areas, hourly advisories are issued to concerned LGUs to support timely decision-making and appropriate response measures.

The company also emphasized the importance of monitoring conditions across the broader watershed, particularly during periods of intense rainfall. The Upper Wawa watershed receives inflows from several tributaries, while downstream river conditions are influenced by various waterways connected to the Marikina River system, including the Puray River, Manga River, Nangka River, Ampid Creek, and Burgos Creek. Rainfall across these areas, together with reservoir and river conditions, contributes to the overall water situation experienced by communities downstream.

According to WawaJVCo’s monitoring parameters, a reservoir elevation of 136 masl may result in corresponding effects on downstream river monitoring stations depending on prevailing weather and watershed conditions. This highlights the need for continuous monitoring and coordination, particularly during prolonged rainfall events.

With the rainy season in full swing, Manila Water encouraged residents to follow official advisories issued by local government units and disaster management offices. It reiterated the importance of preparedness, vigilance, and adherence to guidance from local authorities during periods of heavy rainfall.

For the Alas Pilipinas Girls, the biggest takeaway from the historic run in the FIVB Volleyball Girls’ U17 World Championship can’t be found in the rankings.

Over two grueling weeks, the Alas Girls discovered things about themselves, each other and what it means to compete for the Philippines on the world stage.

As Alas Pilipinas Girls endured the pressure of the world championship, Resty Olaguir realized her teammates were true fighters, and she had to be one, too.

‘I discovered that I’m more focused than I thought I was. I used to lose focus easily in tight situations, especially in big matches,’ Olaguir said. ‘But I saw my teammates and how competitive they were. That’s when I realized I also had to step up.’

Madele Gale echoed the sentiment, praising her teammates for their fighting spirit.

‘No matter how difficult things were, we kept on fighting. We had to go up against players who were taller and stronger, and we learned a lot from those matches,’ she said.

For Xyz Rayco and Princess Khaira Manzano, the experience was tough but worth it, and both said they’d do it all over again.

‘I’m happy because even with all the challenges the Lord has given us, it was all worth it,’ Rayco said. ‘Making it to the last 16 is already such a huge achievement for us. And even though we faced so many challenges along the way, we still fought through and gave our all.’

‘I’d do it all again for flag and country,’ she added.

The grueling run was a rollercoaster of joyous wins and heartbreaking losses, all unfolding halfway around the world and thousands of miles from home. Still Manzano said she’d do it again if it meant pushing the Philippines further up the table.

‘Just being here in the top 15 is already a once-in-a-lifetime experience for me,’ Manzano said. ‘So it would be better if I could help move the country up the top five. I’m willing to work hard for the team all over again.’

Celis noted that while every moment of the tournament was special, nothing beats the feeling of winning. ‘We learned a lot from every game, even when we made mistakes,’ Celis said. ‘The bus rides were cool, and we really enjoyed spending time together at the dining hall. We got to bond, and it helped build our team chemistry.’

‘But the victories were for sure the most fun we had here,’ she said.

Meanwhile, Jello Mauricio, one of the youngest in the group at 14, believes aspiring national team members need to have the right mindset to make it to the international stage.

‘If you want to make it to the national team, you have to learn not to worry about what other people say and not let yourself be influenced by them. Yo have to stay strong.

‘To make it to the international stage, yo have to be strong-minded. Don’t worry about what other people say, and don’t let them influence you. Most importantly, don’t let yourself get discouraged.’

Finishing with a flourish

Built on just days of preparation and modest financial support, Alas Pilipinas featuring Jhaynna Bulandres and Irish Mahinay, reached uncharted territory.

In Chile, Alas Pilipinas showed the talent and resolve to compete among the best, entering the tournament ranked no. 25 and finishing in 15th spot.

The Alas Pilipinas Girls closed the tournament on a high, shaking off early troubles to defeat Czechia, 21-25, 25-22, 25-14, 25-22, on Sunday at Parque Estadio Nacional.

The victory capped a campaign that included a historic berth in the Round of 16 and gave the Philippines its best finish in any volleyball world championship.

Celis noted that while every moment of the tournament was special, nothing beats the feeling of winning.

‘We learned a lot from every game, even when we made mistakes,’ Celis said. ‘But the victories were for sure the most fun we had here.’

Celis, who scored 25 against Czechia, had a tournament average of 18 points per match. She matched the tournament’s third-highest total score of 162 and was fourth in total attack points at 141.

Rayni Merab Mondesi Arias of the Dominican Republic topped both departments with 217 attack points and 235 total.

Rayco, meanwhile, matched the ninth-best total in the tournament for successful receives at 38, while averaging 9.33 points. Nadeth Herbon matched the 14th-best total at 33. Chinese Taipei’s Ting-yi Chen had the highest total of 88.

Herbon, who played outside hitter twice while taking the role of libero in the other matches, was also 11th in the digs department with 95. Peru’s libero Vannia Giordana Adrianzen Ocrospoma led the field with 166.

Mahinay had 15 aces to match the sixth-highest total. Italy’s Beatrice Scalzotto topped the list with 23.

While they are being celebrated back home for breaking new ground, the team that also features Madele Gale, Megan Hernandez, Sharina Rhyza Lleses, Nadeth Herbon and Resty Olaguir were quick to keep the focus on the experience they shared rather than comparisons with previous national teams.

The Alas Pilipinas team featuring Marck Espejo and Bryan Bagunas came within a couple of points of reaching the Round of 16 before finishing 19th at last year’s FIVB Men’s World Championship. The 1974 Philippine women’s team placed 18th in the 1974 FIVB Women’s Volleyball World Championship in Mexico.

Frances Ramos, Jello Mauricio, Jhenica Sadia and Taj Arkhea Teves also played key roles as Alas Pilipinas, supported by the Philippine Sports Commission, Philippine Olympic Committee, and Asics, made it to the Round of 16 with a 2-3 record, beating world No. 8 Mexico in four sets and sweeping past No. 20 Tunisia.

The USA won the gold medal match against Turkiye, 25-23, 25-11, 25-23.

LANDBANK honored outstanding clients and institutional partners during its 2026 Gawad TANYAG (Tanging Yaman at Galing) Awards, held on 7 August 2026 as part of the Bank’s 63rd anniversary celebration.

The ceremony recognized exemplary farmers and fishers, cooperatives, micro, small and medium enterprises (MSMEs), corporations, countryside financial institutions (CFIs), and microfinance institutions (MFIs) for their contributions to community development and inclusive growth.

Finance Secretary and LANDBANK Chair Frederick D. Go underscored the crucial role of the awardees in national development. ‘Sa loob ng mahigit anim na dekada, kayo ay naging mahalagang katuwang ng LANDBANK sa pagsusulong ng pambansang kaunlaran. Kasama ang ating mga magsasaka at mangingisda, kooperatiba, MSMEs, at mga institusyong pampinansyal, patuloy ninyong pinalalawak ang mga oportunidad na nagbibigay-lakas sa mga komunidad at nag-aambag sa pag-unlad ng ating bansa,’ he said in a statement.

LANDBANK President and CEO Lynette V. Ortiz led the ceremony alongside Department of Labor and Employment (DOLE) Secretary Francis N. Tolentino, National Treasurer Sharon P. Almanza, and key development partners.

‘For decades, LANDBANK has stayed true to its identity as the people’s bank, because people have always been at the heart of everything we do. And so, the true wealth of this institution is not in our balance sheets – it lives in every farmer and fisherfolk, every cooperative, every enterprise, and partner that turns hard work into shared prosperity,’ LANDBANK President and CEO Ortiz said.

In his keynote address, Labor Secretary Tolentino highlighted the broader impact of the awardees’ accomplishments on Filipino families and communities.

‘Ang inyong mga tagumpay ay hindi lamang nasusukat sa paglago ng inyong organisasyon o kabuhayan. Nasusukat din ito sa dami ng oportunidad na inyong nalilikha, sa mga trabahong inyong nasusuportahan, at sa mga pamilyang nagkakaroon ng mas magandang kinabukasan dahil sa inyong mga pagsisikap,’ he said.

Honoring champions of progress

Among the awardees under the Gawad PITAK (Pinakatanging Kooperatiba) category were Nagkakaisang Magsasaka Agricultural Primary Multi-Purpose Cooperative, Caviteño Isabelino Multipurpose Cooperative, Kaagapay Agrarian Reform Cooperative, Barangka Credit Cooperative, and Ating Ani Nueva Ecija Multipurpose Cooperative for excellence in cooperative leadership and community empowerment.

The Ulirang Magsasaka and Ulirang Mangingisda awards were conferred on Deodany L. Cara and Teodulo C. Llego, respectively, for their contributions to the agriculture and fisheries sectors.

Accepting the award, Cara expressed gratitude for the Bank’s continued support to farmers, emphasizing that agriculture remains a viable path to a brighter future. ‘Sabi nila walang yumayaman sa pagsasaka. Pero ito po ang patunay na sa pagsasaka ay mayroong magandang kinabukasan. Sana po ito ay maging inspirasyon sa mga katulad kong magsasaka. Sana po ay patuloy at palawigin pa ng LANDBANK ang mga magagandang programa para sa aming mga magsasaka,’ he said.

Leading this year’s Gawad KAAGAPAY (Korporasyon na KAagapay sa Ating GAnap na TagumPAY) category were Jonathan G. Yacas, Sagittarian Agricultural Philippines, Inc., ACT (Machineries and Metal Craft) Corporation, Performance Builders and Developers Corporation, and Ayala Land, Inc., recognized for supporting business expansion, employment generation, and economic development.

Under the Gawad PFI (Partner Financial Institution) category, CARD MRI Rizal Bank, Inc. and Community Economic Ventures (A Microfinance NGO), Inc. were recognized for expanding financial inclusion across underserved sectors.

There’s a lot that comes with adulting: managing your time, building your career, planning your finances. But one thing that’s often overlooked? Your health.

It’s easy to think that serious health concerns are something to worry about later in life. But the truth is, many of the choices you make today can shape your well-being in the years to come. The good news: protecting your health doesn’t require big, drastic changes. It starts with small, consistent decisions.

Start by Knowing What to Watch Out For

Being informed is one of the simplest ways to take control of your health. Understanding common risks, whether it’s lifestyle-related conditions or infections like HPV, can help you make better decisions early on.

Human papillomavirus (HPV), for instance, is one of the most common infections worldwide and is linked to diseases such as cervical cancer and genital warts. Many people don’t realize they’re at risk, which is why awareness is key to prevention.

Don’t Wait for Symptoms Before You Act

One of the biggest health mistakes young adults make is waiting until something feels wrong before seeking care. But preventive health is about acting early.

Scheduling regular check-ups, whether through telemedicine or in-clinic visits can help you stay on top of your health. These visits allow you to ask questions, understand your risks, and get recommendations on screenings or preventive measures you may need.

Make Preventive Health Part of Your Routine

Preventive health isn’t just for later in life, it’s something you can start building into your routine today. Small actions like staying updated on recommended vaccines, getting screened when needed, and checking in with a healthcare professional can help protect your long-term well-being.

The good news is that these services are now easier to access. While hospitals and clinics remain key touchpoints, you can also visit select pharmacies and vaccination hubs where trained healthcare professionals are available.

From flu and pneumonia to Hepatitis B, which helps protect against liver disease and HPV vaccines that help prevent cervical cancer, preventive care is now more convenient than ever, making it easier to take that step without disrupting your routine.

Choose What’s Easy and Stick to It

Healthy habits don’t have to be complicated to be effective. Sometimes, it’s about choosing what’s accessible and sustainable.

A quick visit to a nearby pharmacy, a scheduled online consultation, or a stop at your local clinic can all be part of your routine. With more healthcare options now available, taking care of your health can fit naturally into your everyday life.

At the end of the day, adulting isn’t just about building a career or achieving goals, it’s also about taking responsibility for your future self.

The small decisions you make today, from staying informed to taking preventive steps, can go a long way in protecting your health for years to come.

Citicore Renewable Energy Corp. (CREC) on Monday reported a 92-percent increase in net income to P1.2 billion in the first half from P630 million in the same period last year, driven by high-margin contributions from newly energized power facilities.

‘The significant improvement in our margins demonstrates the strength and scalability of our growing operating portfolio. We are building on this momentum as we continue working to bring more projects online, expand our capacity, and strengthen our contribution to the country’s clean energy transition,’ said CREC President Oliver Tan.

CREC has installed a total of 1.2 gigawatts (GW) of solar capacity, fulfilling its commitment to the Department of Energy (DOE) ahead of schedule. It is advancing new projects and expanding ones to achieve its 5 GW in 5 years.

‘We are encouraged by the progress we have made in expanding our operating portfolio. Reaching 1.2 GW in installed capacity is an important milestone for CREC, and we acknowledge that there is significant room to grow. Our next phase will be about translating this scale into capacity as we work toward our 5-GW target,’ added Tan.

The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 63 percent to P1.5 billion, significantly outpacing the 4-percent growth in revenues to P2.7 billion. Electricity sales continued to anchor CREC’s growth, contributing 87 percent of total revenues.

Sales under the Green Energy Auction (GEA) and Feed-in Tariff (FiT) programs expanded to 51 percent of revenues from 13 percent in the prior period.

THE Department of Agriculture (DA) is targeting to launch the P4-billion mega food hub in Clark, Pampanga, before end-2027 to bridge ‘inefficient’ logistics gaps between farm production and markets.

The bid to expedite the Clark National Food Hub was formalized through the separate signing of agreements, including between the DA and the Food Terminal Inc. (FTI), covering funding, development, and operations.

The FTI also partnered with Clark International Airport Corp. to erect the food hub at the Clark Aviation Capital, spanning around 40 hectares, with provisions for future expansion.

Agriculture Secretary Francisco Tiu Laurel Jr. has directed FTI President Joseph Lo and Agriculture Undersecretary Arrey Perez to have the mega food hub partially operational before the end of 2027.

He said the project aims to close a critical gap between farm production and markets, where inefficient logistics erode farmers’ earnings, discourage private investment, and increase consumer cost.

‘We cannot build a modern agriculture sector if our farmers can produce more but cannot get their products to markets efficiently and profitably,’ Tiu Laurel said. ‘Today, we give this project the foundation to move from paper to pavement.’

The food hub will bring together food aggregation, storage, processing, distribution, and marketing into a single integrated system.

Planned facilities include food and cold storage, processing areas, food safety laboratories, export processing, and wholesale and retail spaces.

Lo said preparations have been under way since last year, including recruiting a dedicated team focused exclusively on designing the facility’s operations.

He added that the team has studied food hub models and logistics practices abroad, traveling to Thailand, France, Spain, the Netherlands, and Japan to examine best practices that could be adapted to the Philippine setting.

FTI will operate, manage, and maintain the facility to make it efficient and sustainable, while the DA will oversee project implementation and construction monitoring.

Once fully scaled up, the DA said the hub could generate about 2,500 jobs and create opportunities across the agriculture and fisheries value chains.

Meanwhile, Agriculture Undersecretary Arrey Perez said the hub would raise incomes at the farm level.

‘Our dream here is simple: to put more money in the pockets of our farmers and fisherfolk. At the Clark Hub, they will have a direct way to sell their harvest to markets and buyers, with fewer layers in between,’ Perez said.

‘This is not just about buildings and warehouses-it is about building a system that makes life easier and more profitable for those who feed our nation,’ he added.

One will be located in Clark, Pampanga, to serve as a market channel for the provinces in North Luzon, and the other in Quezon province to cater to those in Southern Tagalog and Bicol.

THE number of confirmed deaths caused by rain-induced landslides and floods in Luzon has reached 23, with three other persons reported missing, the National Disaster Risk Reduction and Management Council (NDRRMC) reported on Sunday.

Latest data on the combined effects of tropical cyclones Luis, Maymay and the southwest monsoon as of 6 a.m. on Sunday revealed that 15 of those killed were from Benguet province, including 10 from Baguio City, which was also severely affected by flash floods. Two of the fatalities are from La Trinidad, and three from Atok-all because of landslides.

The other fatalities are one each from Luna, La Union, and Candelaria, Quezon, due to drowning; and three each in Rizal and Batangas due to various reasons.

NDRRMC said 17 persons were injured while 3 others are still the subject of search and rescue operations.

The number of affected families also increased to 1.4 million, or close to 5 million people, with reports from various local DRRMCs continuing to come in.

The government continues to provide shelter to affected families, with the number now growing to 9,101, or 31,456 persons.

According to the NDRRMC, they are currently being provided care in a total of 407 evacuation centers.

Meanwhile, the NDRRMC said flooding, flash floods, and landslides damaged a total of 1,845 houses, with damage to public and private infrastructure now reaching P3.36 billion and damage to agriculture estimated at P690 million.

The government continues to assist the affected families, with estimated cost of assistance now reaching slightly over P654 million.

While weather generally improved in many areas, monsoon rain is expected to affect several Luzon provinces in the next foue to five days.

These include Ilocos Sur, La Union, Pangasinan, Benguet, Zambales, Bataan, Occidental Mindoro, Zambales, Bataan, Tarlac, Pampanga, Cavite, Batangas and Antique, in the Visayas.

In its weather advisory issued at 11 a.m. on Sunday, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said localized flooding is possible in highly urbanized areas, low-lying areas, or areas that are near rivers. Landslide, according to the weather bureau, continue to threaten areas experiencing rains, especially those that are considered highly susceptible to landslides.

Grit and agency are not soft skills. They are the difference between a firm that can only perform to the brief it was given, and one that can perform to the brief it should have been given.

Every PR practitioner will tell you the job is about relationships, storytelling, media relations, and brand strategy. All true. But underneath all of it sits a more basic requirement, one rarely named in job descriptions: the willingness to do unglamorous, unwitnessed work long before it’s needed, and the instinct to act the moment the ground shifts, without waiting for permission. The first is grit. The second is agency. Knowing your craft gets you in the room. These two qualities are what get you through it.

The industry doesn’t test this in theory. It tests it in real time, usually at the worst possible moment, usually without warning.

Nobody tells you when you’ve missed the memo. You just watch everyone else in the room act like they got one.

We’d been invited to what was billed as an exploratory sit-down with the team on a new project. First meeting, low stakes, the kind where people throw around ideas and agree to reconvene once things are further along. So my colleague and I did what any team worth its salt does before walking into a room like that. We read up. Searched around, checked the sentiment, made sure we weren’t walking in cold.

We got to the restaurant. The table was set for 20. That should have been our first clue.

The client arrived, and not long after, the event team pulled out laptops and printed decks and began walking the room through a full concept presentation: layout, entertainment, program flow, all of it. There was nothing exploratory about it. This was a working session dressed up as a courtesy call, and everyone else at that table had come prepared to perform.

We did not have a deck.

Somewhere between the appetizers and the first course, it became clear that a presentation would be expected of us, whether or not we had one ready. There are two kinds of people in that moment. One kind quietly panics, hopes the moment passes, and prepares an apology for later. The other kind excuses themselves from the table, gets on the phone, and starts pulling together whatever can be pulled together: figures, inclusions, past materials that can be reshaped for the client in front of them. Not from nothing. From what the team already knew, already had, already owned. That is agency. Not waiting to be told what to do. Just deciding what needed to happen, and making it happen.

And then it was our turn. Still no deck, and nothing to show. The presentation happened anyway, verbally, over a sizzling plate that kept interrupting at the worst possible moments, walking the room through the media strategy, the realistic timelines, the philosophy behind who gets invited to a launch and why. Not a slide in sight. Just command of the material, delivered with enough conviction that nobody noticed anything was missing.

My colleague then gave a thumbs up from across the table. Laptop already open, ready to go. A silent signal that simply said: It’s done. We have a deck.

What followed was a presentation, screenshots, timelines, levels of engagement, the whole architecture of a campaign, built with such command of the room that it read as something prepared weeks in advance. It was built in less than 60 minutes after the team realized what the meeting actually was.

Nobody at that table walked away doubting the agency’s readiness. If anything, the opposite happened. What could have been an embarrassment became a quiet demonstration of exactly the kind of partner this client was signing up for.

What the room didn’t see: six more people, at home, on their laptops, pulling old decks and numbers together while we sat through dinner. Two of us held the table, but it took a full team to give us something to hold it with.

People use grit and agency interchangeably. They shouldn’t. The deck built at the eleventh hour was not grit. That was agency, decisive action under pressure. The grit was everything that made that possible: months of unremarkable, unwitnessed work, building templates, staying current on client accounts, maintaining materials nobody thought would be needed on a random Tuesday dinner. Grit is invisible until the moment it gets tested. It is the reserve. Agency is the withdrawal.

And I’ll say the quiet part out loud: talent like this is getting harder to find. Not the kind that can quote frameworks in an interview; there’s no shortage of that. I mean the kind that stays calm when the ground shifts, reaches for the phone before anyone tells them to, mobilizes after hours to deliver what is needed, and can be trusted with a presentation on nothing but a thumbs up. You don’t stumble into that. You build it, hire by hire, over years.

Plenty of people in this industry know their craft. They can recite theory, quote case studies, walk you through a textbook campaign structure. But knowing your craft is only half the job. The other half is what you do when the brief changes mid-dinner, when the meeting isn’t the meeting you were told it would be, when there is no time left to ask for one. Some people freeze in that moment. Others reach for the phone, open the laptop, and get to work.

This industry doesn’t always reward the most prepared person in the room. It rewards whoever can still deliver once preparation runs out, the one who treats a curveball as just another task, not a crisis. Clients remember that. They remember the team that delivered composure at the exact moment composure was hardest to fake.

We don’t always get the lead times we’d like. Few in this business do. What we get, instead, is the choice of how we respond when the runway disappears. Grit builds the reserves. Agency spends them at the right moment. Put those two together, and you get the kind of PR person-and the kind of PR firm-that clients keep coming back to, long after the details of any one dinner are forgotten.

PR Matters is a roundtable column by members of the local chapter of the UK-based International Public Relations Association (IPRA), the world’s premier association for senior professionals around the world. Noel Rene Nieva, president and CEO of Perceptions, Inc., one of the country’s leading PR counsels, is the immediate past national chair of IPRA Philippines.

DoubleDragon’s Consolidated Revenues for the first six months of 2026 reaches P8.55 Billion, 23.0% higher than the same period last year.

DoubleDragon’s core revenues increased by 70.2% year-on year in the first six months of 2026.

DoubleDragon’s core net income increased to 161.89% in the first 6 months of 2026 vs same period last year to P2.41 Billion.

Notably, DoubleDragon’s core revenues continue to accelerate strongly, and as expected being part of its growth trajectory, the Company continue its transition away from fair value gains and towards recurring and core operating revenues as the investment and leasing properties gets completed and starts to generate recurring revenues.

As of June 30, 2026, Total Assets stands at P246 Billion vs P225.3 Billion as of December 31, 2025.

Total Equity reached P105.7 Billion as of June 30, 2026, increasing by P4.1 Billion from year-end 2025.

Debt-to-equity remains very healthy at 1.03x, far lower than the 2.33x debt ceiling.

Full shift to core revenues is expected by 2028 onwards.

In the second half of 2026 this year alone, DD is set to open 3 new additional CityMall community malls, 2 more new CentralHub warehouse complexes, 5 more new full-sized MerryMart supermarkets, and opening 3 more new Hotel101 in Davao, Cebu and Niseko Hokkaido Japan.

DD has generated significant increase in its core revenues and core income, and DD expects an even higher jump in its core revenues by the second half of this year 2026, driven by the continued generation of core revenues from its leasing portfolios, new mall openings, new warehouses, new office tenants, new MerryMart supermarkets and mainly from the expected new unit sales from Hotel101 projects in the Philippines and from several countries overseas.

On June 24, 2026, DoubleDragon completed the acquisition of 98.61% of MerryMart Consumer Corp., further accelerating the transition of DoubleDragon into an investment holding company. The MerryMart Group adds long-term strategic value to the DoubleDragon portfolio through its provincial community malls, office buildings, warehouse complexes and its hospitality portfolio, including the asset-light Hotel101 business that continues to expand in the Philippines and globally.

To date, DoubleDragon is the first and only Filipino company that has a subsidiary listed on the U.S. NASDAQ Stock Exchange, enabling DoubleDragon to gain access to the deep capital markets in the United States for its pipeline of equity and capital raises.

DoubleDragon recently conducted the Topping Off ceremony of the 702-room Hotel101-Libis at the Robinsons Bridgetowne Estate as the building structure and topmost floor of the hotel project has been completed.

Hotel101-Libis with 702 rooms is set to be the largest hotel in the whole of Quezon City, Philippines.

DoubleDragon Corporation’s Board recently approved the creation of a Singapore SPV, DD Hotel101 Worldwide One, which it will sponsor as a S$300 million SGD REIT. It is expected to become the fifth pure hospitality-listed REIT on the Singapore Stock Exchange (SGX).

This step will significantly enhance the attractiveness of the H101 PropTech Platform as it prepares to enter the third phase of hyper growth via Licensing. It forms part of the necessary sequence of actions required to support Hotel101’s goal of developing one million standardized rooms. Over time, the Company intends to expand the H101 REIT platform by listing across various major stock exchanges globally.

This strategy aligns with Hotel101 Global’s disciplined, asset light, prop-tech hospitality model and supports the Company’s ultimate vision of developing one million standardized rooms across more than 100 countries, with the goal of becoming the world’s largest single-brand hotel chain.

DoubleDragon Group continues to tap various capital initiatives to further strengthen its balance sheet and boost its overall progress towards its 2035 Vision.

DoubleDragon Corporation happens to be one of the very few companies that has not only positioned its diversified portfolio of hard assets spread out across the Philippines, but it also happens to be one of the very few companies that has organically developed a novel asset-light concept and highly unique business model in Hotel101 (HBnB) that is exportable to other continents globally.

In our view, for a business to thrive in today’s highly volatile and rapidly evolving landscape, it must possess the potential to achieve significant and sustainable growth over the long term. Specifically, a Company must demonstrate a high chance and potential to grow more than 10x over the next 10 years is imperative to create substantial value for stakeholders. DD has remained laser-focused on building a portfolio of hard assets in high-growth, sunrise industries while simultaneously developing innovative and differentiated business models. DD has consistently pursued opportunities that combine strong asset backing with scalable, future-oriented concept in Hotel101, a novel business model that DD believes represents a new and distinct category within the global hotel industry. Its unique business model integrates elements of proptech hospitality platform in a manner that has not previously been implemented at scale anywhere in the world, positioning it to capture significant growth opportunities both domestically and internationally.

Over the past 4 years, DD has strategically prepared itself in anticipation of the disruptive impact that the maturation and commercialization of AI agents are expected to bring. As this transformation could unfold over the coming months may be far more destructive than the effects of the past economic crises and could be far more destructive than what the Middle East conflict is currently bringing to the Philippine economy. One of the most notable strategic steps that DD has initiated in the past 4 years is by deliberately have no exposure to any large BPO tenants and in the past several years have intentionally totally exited the condominium development business that is now on massive oversupply and may worsen even more with the expected coming ripening and commercialization AI Agent disruptive effects to the BPO/call center industry, DD has pushed itself to further strengthen its office buildings with non-large BPO locators, grow its community malls, hotels and industrial warehouse portfolio in the Philippines, and create a unique and novel, exportable, repeatable business model in Hotel101 that can thrive in over 100 countries around the world.

This year 2026 will be the year with the highest number of room openings in one year. A total of additional 2,229 hotel rooms: 680-room Hotel101-Madrid, Spain, 519-room Hotel101- Davao, 548-room Hotel101-Cebu and 482-room Hotel101- Niseko Hokkaido Japan.

The 518-room Hotel101-Manila and the 606-room Hotel101-Fort in the Philippines continue to consistently operate at very high occupancy levels.

2026 is set to be the year with DoubleDragon to start generating high volume of recurring revenues from its portfolio of provincial community mall leasing, industrial warehouse leasing, office leasing and its hospitality portfolio in the Philippines and overseas.

The global expansion of Hotel101 is expected to eventually become one of the major US Dollar inflow generators to the Philippine economy.

DoubleDragon believes that gone are the days when Philippine companies bring in foreign brands and concepts to the Philippines or copying what works abroad to the Philippine market, but rather developing a truly unique and differentiated branded business models in the Philippines and then export it to the rest of the world would have a far larger and lasting positive impact to the Philippine economy.

The DoubleDragon team is committed to put in the necessary hard work, entrepreneurial grit and perseverance towards this vision and eventually aims to make Hotel101 a truly global brand operating in various jurisdictions worldwide, and eventually bring a pinch of pride and honor to our fellow Filipino countrymen.

The DoubleDragon team is grateful to the support of its stakeholders that despite it being a relatively new player in the sector with large established players who are already deeply entrenched many decades way ahead of it, DD has was still able to thrive and grow and natural to any start-up company in this modern day the growth journey was never a perfect straight line. As many would recall, DD has started its expansion journey when it listed in the Philippine Stock Exchange 12 years ago as a start-up company in 2014 at ?2 pesos per share, and as of Aug 14, 2026 trades at 6x or 605% versus its listing price to ?12.10 pesos per DD share today.

The country’s economic managers pushed for policy reforms and transparent fiscal management to drive faster economic growth and strengthen resilience amid headwinds during the 2026 Economic Journalists Association of the Philippines (EJAP) Economic Forum.

Held on August 14, 2026, at the Bangko Sentral ng Pilipinas (BSP) Assembly Hall, the forum featured the theme ‘Strengthening Economic Resilience in an Era of Uncertainty.’

Finance Secretary Frederick D. Go said that the government remains focused on its objectives and pursuing reforms.

Reforms to encourage investments in the country include the Public-Private Partnership Code, CREATE MORE Act, Investors’ Lease Act, Accelerated and Reformed Right of Way Act, the Enhanced Mining Fiscal Regime Act, Capital Markets Efficiency Promotion Act and the Green Lane Initiative.

‘This administration has moved from setting the stage to execution, turning policy into investment and investment into jobs and opportunities for the people,’ Go said.

Following the Philippines’ transition to upper-middle income status, Department of Economy, Planning and Development Secretary Arsenio M. Balisacan said that the country needs to diversify its growth drivers by going beyond consumption and services to sustain growth and become a high-income economy.

He said the economy needs to generate more investments, strengthen exports and revitalize agriculture and industry.

‘The next two years for us are really about speeding up the implementation of programs and projects, and the completion, especially, of strategic programs and projects. And of course, keeping inflation in check is a very high priority,’ Balisacan said.

While external supply shocks that have pushed inflation are beyond the government’s control, BSP Governor Eli M. Remolona, Jr. said that the central bank is mitigating second-round effects.

‘With the growth numbers and the inflation numbers, I think we need a more convincing downward trend for inflation before we can relax. Of course, the weaker growth that we’re seeing means we can be less aggressive in trying to tame inflation. But in the face of an unpredictable opponent – oil prices, for example – we need to keep our eye on the ball,’ Remolona said.

Department of Budget and Management Acting Secretary Kim Robert C. De Leon emphasized the importance of transparency and accountability in every stage of the budget process to support growth.

‘Behind every peso is a person. Behind every allocation is a choice. And behind every budget decision should be a better life for a Filipino,’ De Leon said.

Private sector representatives from the fintech and manufacturing sectors stressed the importance of public-private sector alignment in implementing reforms.

Michelle S. Fernandez, vice president and head of corporate sustainability and communications at GCash, said digital finance is becoming an important economic infrastructure, particularly in disbursing aid during shocks.

‘The real test of digital social protection is not whether a transfer can be sent in seconds. It’s when support arrives, not in a vacuum, but into an ecosystem where it can immediately improve a life,’ Fernandez said.

Maya Philippines Head of Corporate Affairs Kristoffer M. Rada advocated for shared standards and open competition to ensure digital financial access leads to productive results.

‘The Philippines has already built much of the infrastructure for digital financial access. Our next task is to make sure that access is economically meaningful,’ Rada said, adding that this requires the government and the private sector to agree on common infrastructure, common standards and strong safeguards.

JTI Philippines Fiscal and Regulatory Affairs Director Mario T. Zinampan noted that economic resilience requires resistance against illicit trade.

‘A resilient economy resists illicit trade, and the Philippines is not starting from zero. The destination principle is already embedded in various Philippine laws and regulations,’ Zinampan said.

The 2026 EJAP Economic Forum was supported by gold sponsors Maya Philippines Inc., GCash and JTI Philippines and silver sponsor BDO Unibank Inc.

SM Investments Corp., Prime Infrastructure Capital Inc., Filinvest Development Corp., Metropolitan Bank and Trust Co., Rizal Commercial Banking Corp., Philippine National Bank, Security Bank Corp., EastWest Banking Corp. and Asialink Finance Corp. were bronze sponsors.

EJAP is the country’s premier organization of business and economic reporters dedicated to promoting excellence in journalism and fostering professional development among its members.