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.
Filinvest REIT Corp. (FILRT) declared P391.1 million in quarterly cash dividends after delivering stronger first-half earnings, underscoring how a more diversified property portfolio is helping cushion the lingering softness in the office leasing market.
The Anti-Red Tape Authority (ARTA) is set to launch new rules designed to cut bureaucratic delays in housing development, reviving long-dormant provisions of the three-decade-old Lina Law as the government seeks to accelerate affordable housing projects and reduce regulatory bottlenecks.
GAC Philippines is widening its presence in the country with six new dealerships, underscoring its confidence in the Philippine automotive market even as competition intensifies among Chinese and other Asian vehicle brands.
Singapore-based fashion retailer Love, Bonito is looking beyond simply opening more stores in the Philippines. The brand is also exploring collaborations with Filipino designers, signaling a strategy that blends retail expansion with deeper local engagement as it strengthens its foothold in one of Southeast Asia's fastest-growing consumer markets.