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LANDBANK eyes 'stable' start to 2026 on sustained profitability

The Freeman

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January 01, 2026

State-run Land Bank of the Philippines (LAND-BANK) aims to post steady profits next year, with the lender also having enough safeguards against potential asset quality risks stemming from its transactions with government contractors amid increased scrutiny due to a wide-ranging corruption scandal.

“We expect a stable start to 2026, supported by strong 2025 results,” LANDBANK President and Chief Executive Officer (CEO)Lynette V. Ortiz told BusinessWorld in a text message on Dec. 24.

“We aim to sustain profitability, which we’ve demonstrated through the years while ensuring we continue to have strong risk management controls and capital buffers that can withstand emerging risks.”

Asked about the impact of a possible delay in government contractors’ loan repayments amid a graft scandal involving these entities, Ms. Ortiz said: “We maintain confidence in our loan portfolio’s quality, backed by strong risk controls. However, we are monitoring developments closely and will be proactive in managing risks.”

The bank’s net income surged by 41.79% to P35.64 billion in the nine months ended September from P25.14 billion in the same period last year.

The Freeman'den DAHA FAZLA HİKAYE

The Freeman

WTC Manila bets on MICE growth in 2026

World Trade Center Metro Manila (WTCMM) expects robust demand next year as the Philippines rises as a meetings, incentives, conventions, and exhibitions (MICE) destination, its chief executive officer (CEO) said.

time to read

1 mins

January 01, 2026

The Freeman

'2026 looks even brighter for Philippines sports'

The Philippine Olympic Committee (POC) family couldn't ask for more from Filipino athletes in 2025 and the coming new year, according to president Abraham \"Bambol\" Tolentino, looks even brighter.

time to read

1 min

January 01, 2026

The Freeman

FOR 2026 Archival: CCMC completion, on top of his admin's agenda

Cebu City Mayor Nestor Archival has placed the Cebu City Medical Center (CCMC) at the forefront of his administration's agenda for 2026, promising to finally complete the long delayed project after years of setbacks and ballooning costs.

time to read

1 mins

January 01, 2026

The Freeman

SSS eyes expansion with new loan products, wider coverage

State-owned insurer, Social Security System (SSS) is entering 2026 with an expansionary agenda, seeking to deepen coverage, roll out new lending products and strengthen frontline services after a year marked by pension reforms, digital upgrades and emergency support programs.

time to read

2 mins

January 01, 2026

The Freeman

Danao refuses DPWH projects

Mayor Ramon “Nito” Durano has refused to issue permits for several projects the Department of Public Works and Highways (DPWH) has proposed for Danao City in 2026, citing concerns over the re-concreting of roads that remain in good and serviceable condition.

time to read

3 mins

January 01, 2026

The Freeman

City rolls out road asphalting program

Rocky and muddy roads that have long been left unattended across Cebu City will finally be paved, as Mayor Nestor Archival confirmed that the city’s asphalting program will go full blast from January until June 30, 2026.

time to read

1 mins

January 01, 2026

The Freeman

Happy God-blessed New Year to us all!

May all of us start, move on confidently through this new year just as we have always done for the past years: to always believe and never forget that we are all loved, unconditionally, by God, now and forever!

time to read

2 mins

January 01, 2026

The Freeman

Barili's early fireworks show

Last Sunday night, residents of Sitio Estaca, Barangay Minolos in Barili town were treated to what looked like a fireworks display ahead of New Year's Eve.

time to read

1 mins

January 01, 2026

The Freeman

Cebu-based bakery group goes premium with Dutch partner

The company behind San Jose Bakeshop is moving upmarket, betting that Cebu consumers are increasingly willing to pay for better bread.

time to read

1 mins

January 01, 2026

The Freeman

PB approves Capitol office for international affairs

A dedicated office to handle international and local sisterhood partnerships of the Cebu rovincial government will be established following the approval of the ordinance, which formalizes the province’s growing engagements with both foreign and domestic partners.

time to read

1 min

January 01, 2026

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