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.
Filipinos rank among Asia's most climate-conscious citizens, but financing bottlenecks and institutional weaknesses continue to hinder efforts to turn public concern into meaningful climate action, according to a new study by the Philippine Institute for Development Studies (PIDS).
Mastercard and CrescentRating have released a new report titled Proof Wins: The Convergence of Sports, Travel, and Faith, outlining the fast-growing economic potential of Muslim-friendly sports tourism worldwide. The study projects the market could expand from roughly US$11 billion in 2025 to US$17 billion by 2030, and rise further to US$21 billion if destinations and event organizers clearly deliver and communicate faith-aligned services throughout the travel experience.
Metro Retail Stores Group, Inc. (MRSGI) surpassed the P40-billion sales mark for the first time in 2025, underscoring the resilience of consumer spending and the company's expansion-driven growth strategy amid a challenging retail environment.
Japanese Ambassador ENDO Kazuya and Minister for Economic Affairs YOKOTA Naobumi attended the 2026 International and Private Partners’ Forum (IPPF) at Manila Hotel, hosted by the Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU). The event gathered government officials, business leaders, diplomats, and international bodies to discuss opportunities, challenges, and partnerships for development, with this year’s focus on the readiness of conflict-affected areas for local and foreign investment.