Latest news with #JonViktorD.Cabuenas
GMA Network
3 hours ago
- Climate
- GMA Network
Metro Manila, Bulacan, other areas flooded after heavy rains
Areas across Metro Manila and several provinces in the country such as Zamboanga were hit by floods over the weekend due to the heavy rains amid the Southwest Monsoon or Habagat and a low pressure area (LPA). In Zamboanga City, floods reached the average human height, forcing families to evacuate, as reported on GMA's '24 Oras Weekend' on Sunday. A river in the area has also overflowed to reach nearby roads and houses. At least 27 families have been evacuated temporarily to the Cabatangan Barangay Hall, and another 25 to the Ayala gymnasium due to the floods. Authorities continue to hold rescue operations, with the City Disaster Risk Reduction and Management Office (CDRRMO) on Blue Alert since Friday, June 6, due to the inclement weather conditions. One fatality, only identified as a male, was reported to have drowned while swimming in the ocean. Floods were also recorded in San Jose Del Monte in Bulacan, and in Roxas Boulevard that runs along the shores of the Manila Bay. In Barangay San Rafael I in SJDM, the waters rose so quickly that it damaged a bridge railing and brought trash into the flooded streets. "In the span of 30 minutes, talagang sumobrang laki na po ng tubig. Kaya hindi po namin sukat-akalain na lalaki nang sobrang laki yung tubig, at babahain kami ng sobra," said a barangay official. (In the span of 30 minutes, the waters rose so much. We would not have imagined that the level would rise that much and flood us to this extent.) In its 11 p.m. weather advisory on Sunday, PAGASA said that 50 millimeters to 100 millimeters of rainfall is expected in Zambales, Bataan, Cavite, Batangas, Occidental Mindoro, Palawan, and Antique until Monday evening due to the Habagat. — Jon Viktor D. Cabuenas/BM, GMA Integrated News
GMA Network
5 hours ago
- Climate
- GMA Network
Habagat, LPA to bring more rains to parts of PH Monday
Rains are expected to continue across several areas in the country due to the low pressure area (LPA) and the Southwest Monsoon or Habagat, PAGASA said Sunday. According to the state weather bureau's advisory released 11 p.m. on Sunday, 50 millimeters to 100 millimeters of rainfall is expected in Zambales, Bataan, Cavite, Batangas, Occidental Mindoro, Palawan, and Antique until Monday evening due to the Habagat. 'Localized flooding is possible mainly in areas that are urbanized, low lying, or near rivers. Landslide possible in highly susceptible areas,' the advisory read. 'Forecast rainfall may be higher in mountainous and elevated areas. Moreover, impacts in some areas may be worsened by significant antecedent rainfall,' it added. Partly cloudy to cloudy skies with isolated rainshowers or thunderstorms are also expected in the rest of Mindanao due to the Habagat, with PAGASA warning of possible flash floods or landslides during severe thunderstorms. Cloudy skies with scattered rains and thunderstorms are expected in Aurora, Quezon, Camarines Norte, Camarines Sur, Catanduanes, and Albay, with possible flash floods or landslides due to moderate to heavy rains brought about by the LPA. The LPA was estimated 220 kilometers east northeast of Infante, Quezon or 215 kilometers east of Baler, Aurora as of 3 p.m. on Sunday. PAGASA officially declared the onset of the rainy season last Monday, June 2. — Jon Viktor D. Cabuenas/BM, GMA Integrated News
GMA Network
29-05-2025
- Business
- GMA Network
Ginebra San Miguel Q1 net income up 11%
Ginebra San Miguel Inc. (GSMI), the spirits business of San Miguel Corp. (SMC), on Thursday reported an 11% growth in its net income for the first quarter of the year, on the heels of its continued growth over the last 11 years. In a regulatory filing, GSMI said its net income rose to P2.1 billion, as consolidated revenues grew by 8% to P16.3 billion, while operating income increased by 8% to P2.5 billion. 'Our spirits business, Ginebra San Miguel Inc., has demonstrated remarkable strength over the years, even in the face of various challenges, including the global pandemic,' GSMI president and chief executive officer Ramon Ang said. 'The company's over a decade-long growth trajectory clearly shows the wide appeal of our brands and the company's overall resilience and strength,' he added. GSMI last year reported a record net income of P7.3 billion, reflecting a 3% increase from the previous year as it sold 50 million cases for the first time, and gained a larger share of the local liquor market. Sales revenues for the year climbed 17% to P62.5 billion. The company's brands include Ginebra San Miguel Gin, Ginebra San Miguel Premium Gin, GSM Blue Light Gin, GSM Blue Mojito, GSM Blue Margarita, GSM Blue Gin Pomelo, GSM Blue Lychee Martini, Ginebra San Miguel, 1834 Premium Distilled Gin, Archangel Reserve Premium Dry Gin, Antonov Vodka, Freedom Island Light Rum, Primera Light Brandy, and Chinese wine Vino Kulafu. — Jon Viktor D. Cabuenas/BM, GMA Integrated News
GMA Network
26-05-2025
- Business
- GMA Network
Landbank declares record-high P33.53-B cash dividends
State-run Land Bank of the Philippines (Landbank) declared Monday a record-high P33.53 billion in cash dividends to the national government, keeping its standing as the top contributor among government-owned and -controlled corporations (GOCCs) for the second straight year. The latest dividends compare with the P32.12 billion Landbank remitted in 2024, when it posted a P35.358-billion net income as its interest income stood at P140.634 billion, and interest expense was recorded at P43.386 billion. 'The P33.53 billion dividend underscores Landbank's unwavering support for government priorities that uplift lives and communities across the country,' Landbank president and chief executive officer Lynette Ortiz said in a statement. 'It also reflects our strong financial foundation and vital role as a pillar of inclusive growth, ensuring that our sustained performance translates into real and lasting impact,' she added. Under Republic Act 7656 or the Dividend Law, GOCCs are mandated to declare and remit at least 50% of their net earnings as dividends to the national government. Landbank opened 2025 with a P13.29-billion net income to reflect an 11% increase from P11.98 billion the previous year. It ended the quarter with P3.426-trillion worth of assets, and a gross loan portfolio of P1.58 trillion. The bank is mandated to promote rural development while remaining financially viable. It implements the comprehensive agrarian reform program (CARP), provides assistance to small farmers and fisherfolk, and serves as an official depository of government funds. — Jon Viktor D. Cabuenas/RSJ, GMA Integrated News
GMA Network
25-05-2025
- Business
- GMA Network
Nueva Vizcaya declared ‘Ginger Capital of the Philippines'
Nueva Vizcaya produced 7,140 metric tons of ginger from 933 hectares of land in 2024. File photo The Department of Agriculture (DA) has officially declared Nueva Vizcaya the 'Ginger Capital of the Philippines,' given the province's continued lead in ginger production, supplying major trading hubs across the country. In a statement, the DA cited Nueva Vizcaya's production of 7,140 metric tons of ginger from 933 hectares of land in 2024, averaging 7.4 metric tons per hectare with some 5,010 ginger growers. It is also a major source for key trading hubs in northern and southern Luzon and Metro Manila, facilitating the movement of 14,753 metric tons in 2024. 'This recognition is not just a title—it's a commitment to deliver support where it truly matters,' Agriculture Secretary Francisco Tiu Laurel Jr. said Sunday. 'Ginger is valued both for its culinary and medicinal uses, and with proper backing from the DA, it can significantly improve product value addition to uplift the incomes of smallholder farmers in Nueva Vizcaya and across Cagayan Valley,' he added. Nueva Vizcaya covers 481,388 hectares of agricultural land that also produces rice, corn, onion, garlic, tomatoes, melon, and mango. — Jon Viktor D. Cabuenas/BM, GMA Integrated News
