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.
Philippine chief financial officers want a bigger role in shaping corporate growth, but gaps in investment authority, technology readiness, and skills are limiting their ability to drive value creation, according to the latest EY Global DNA of the CFO survey.
Companies worldwide risk losing vital growth opportunities because chief financial officers lack sufficient technology readiness to lead key investment and value creation discussions, according to the latest EY Global DNA of the CFO survey.
Arthaland Corp. expands in northern Metro Manila, launching its Liv residential development and Arthaland Gallery in Katipunan to capture rising demand.
Southlinks Estate has become the first development in Metro Manila to earn a 5-Star BERDE District rating, the highest rating under the country’s national green building certification program.