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.
The Department of Information and Communications Technology and Globe continue to push forward with the Bayanihan SIM Project, hitting a key milestone in the government’s flagship drive to close the digital divide.
AIA Philippines and its bancassurance arm BPI AIA won four honors at the 2026 Insurance Asia Awards in Singapore, recognizing work to expand insurance access, improve healthcare, and develop talent.
What began as a response to a major dessert trend in the UAE has become a model for Jollibee’s success across 16 countries. The Pistachio Kunafa Sundae turned a viral premium treat into an affordable Jollibee favorite, proving the brand can spot trends early and create products that boost interest and sales.