Energy & Mining

Aboitiz Group is doubling down on energy privatization, arguing that private capital and operational expertise are essential to securing the Philippines’ power future. The position comes as a consortium led by Aboitiz formally took over the Caliraya–Botocan–Kalayaan (CBK) hydroelectric power plant, one of the country’s most strategic energy assets.

Wilmar Edible Oils Philippines Inc. has taken a major step toward cutting its carbon emissions by shifting to geothermal energy for its operations, marking a key milestone in its decarbonization efforts.

Fuel prices are set to rise for a fifth straight week, adding more pressure on businesses and households already dealing with higher costs.

Filinvest Development Corp. is formalizing its transition to low-carbon operations, setting a 2040 net-zero emissions target and placing renewable energy at the center of the strategy. 

The Manila Water Co. has switched its main operations to 100 percent renewable electricity, becoming the first water utility in the country to do so.