The Philippine Deposit Insurance Corp. is pushing sweeping legislative reforms to modernize the country’s deposit insurance system, including broader coverage, faster claims payment, and new powers to contain financial crises.

PHINMA Corp. posted P363.35 million in consolidated net income in the first half of 2026, with its education business providing the biggest lift as construction, property, and other operations faced a softer economy.

Agricultural damage and losses from Tropical Cyclones Luis and Maymay and the enhanced Southwest Monsoon has climbed to P135.3 million, affecting 6,010 farmers and damaging 4,516 hectares of farmland across five regions, according to the Department of Agriculture.