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 National Development Co. (NDC) is exploring a partnership with the Philippine Economic Zone Authority (PEZA) to convert government-owned properties into economic zones, potentially putting underutilized state assets to work while broadening the locations available for new investments.
The Bureau of Customs (BOC) enters the final quarter of 2026 with a growing revenue cushion, keeping its first P1-trillion annual collection target within reach despite the need for sustained collections through year-end.
The Department of Agriculture (DA) and the Overseas Workers Welfare Administration (OWWA) have signed a memorandum of agreement to combine their resources, expertise, training, and funding to support overseas Filipino workers (OFWs) as they shift from working abroad to running profitable, long-term businesses at home.
The Philippines will use its ASEAN chairmanship to push for stronger regional safeguards against energy supply disruptions and faster cross-border power connectivity as Southeast Asian energy ministers meet in Manila this week.