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.
Insular Life (InLife) is encouraging more Filipinos to consider careers in financial advisory, citing opportunities for financial independence, flexible work arrangements and personal fulfillment through helping clients achieve greater financial security.
Three business and governance groups are urging Congress to tighten safeguards against hidden ownership, conflicts of interest and circumvention of procurement rules as lawmakers work to finalize a proposed government contracting integrity law.
Maya, the country’s leading financial services platform, has rolled out digital payment facilities for the Research Institute for Tropical Medicine (RITM), starting with fees under its National External Quality Assessment Scheme (NEQAS).
Japan Tobacco International (JTI) has invested more than USD33 million in a new processing plant at its Batangas factory, expanding its Philippine manufacturing capabilities and deepening the country’s role in the company’s global supply chain.