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.
PHINMA Education is expanding its footprint in the Philippines with the addition of Southeastern College, a move aimed at widening access to affordable higher education for more Filipinos.
Cash remittances sent by Overseas Filipinos (OFs) rose to US$3.02 billion in January 2026, up 3.5 percent from US$2.92 billion in the same month last year.
The Philippine government is promoting agriculture as a profitable investment sector, urging global financiers to see it not just as a development issue but as a viable business opportunity.
Water bills in parts of Metro Manila are set for a small dip next month after the Metropolitan Waterworks and Sewerage System approved a modest tariff adjustment for Maynilad Water Services Inc.