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.
Metro Pacific Water (MPW) is beginning to reverse years of water infrastructure neglect in San Jose del Monte, Bulacan, restoring water service to more than 3,500 households within just two weeks of taking over as the city's interim water operator.
Global technology firm Zoho Corporation has announced a deeper investment in the Philippines to meet the country's surging demand for integrated, AI-ready business software.
Smart Communications, Inc. has expanded its 4G/LTE network across the province, launching 11 new cell sites in the municipalities of Maribojoc and Antequera.
The Philippines has made measurable gains toward achieving the United Nations' Sustainable Development Goals (SDGs). But the country remains off pace on most targets, highlighting the challenge of translating progress into meaningful outcomes before the 2030 deadline.