Aboitiz Power Corp., the power generation and distribution unit of the Aboitiz Group, posted a net income of P10.6 billion in the third quarter, a 5 percent gain from the year-earlier period, driven mainly by improved margins from its generation segment.
Aboitiz Power Corp. said its wholly-owned subsidiary, Aboitiz Renewables, Inc., has received confirmation from the Power Sector Assets and Liabilities Management Corp. (PSALM) that the Thunder Consortium has been awarded the sale and privatization of the Caliraya-Botocan-Kalayaan (CBK) Hydroelectric Power Plant Complex.
The power distributor Manila Electric Co. (Meralco) is now compelled to temporarily procure supply from the Wholesale Electricity Spot Market (WESM) as the contracted emergency power supply agreement (EPSA) with Aboitiz Power Corp. worth 300 megawatts (MW) ended on Wednesday.
Listed fuel distributor and retailer Top Line Business Development Corp. raced past its entire 2025 earnings in just six months as an aggressive expansion of its retail fuel business added fresh horsepower to its core commercial fuel operations.
Artificial intelligence is rapidly reshaping Philippine retail, but technology alone will not determine which businesses succeed, according to venture capital firm Kickstart Ventures, which says disciplined execution and sound business fundamentals remain the strongest drivers of sustainable growth.