Markets

Aboitiz InfraCapital, Inc. (AIC), the infrastructure arm of the Aboitiz Group, has secured a key endorsement from the Iloilo City Local Development Council (LDC) for its P5-billion Iloilo Bulk Water Supply Project, a major step toward improving long-term water security in the region.

In a bold move underscoring its leadership in the Philippines’ energy transition, the Manila Electric Company (Meralco), led by business titan Manuel V. Pangilinan, is spearheading a comprehensive grid modernization initiative aimed at integrating distributed energy resources (DERs) seamlessly into its power distribution network.

First Gen Corp. chairman and CEO Federico R. Lopez (second from left) shares a light moment with four other members of the company’s board after their re-election during the company’s annual stockholders’ meeting on 29 May 2025. With him are (from left) director Manolo Michael T. De Guzman, president and COO Francis Giles B. Puno,  and independent directors Alicia Rita L. Morales and Edgar O. Chua. Not in photo are re-elected directors Richard Raymond B. Tantoco, Manuel L. Lopez Jr., Elvira L. Bautista and Maria Presentation L. Abello, as well as new independent director Manuel I. Ayala. First Gen is a leading independent power producer in the Philippines. It operates a diverse portfolio of 32 power plants with a total installed capacity of 3,639 megawatts at the end of 2024. These facilities generate power across the Luzon, Visayas, and Mindanao grids, supporting the country’s energy needs.