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 Philippine Economic Zone Authority (PEZA) kept its investment momentum in 2026, with approved projects surging nearly 67 percent in the first seven months as export-oriented manufacturers and high-value industries continued to expand despite an uncertain global economy.
European Union High Representative for Foreign Affairs and Security Policy and European Commission Vice President Kaja Kallas on Friday met with Philippine Secretary for Foreign Affairs Ma. Theresa P. Lazaro in Metro Manila.
The Philippine Coconut Authority is moving quickly to secure extra funds to keep its goal of planting 100 million coconuts by 2028 on track. This forms the core of the Accelerated Coconut Farmers and Industry Development Plan, the government’s main strategy to rebuild one of the country’s most important agricultural sectors and boost earnings for millions of coconut farming households.
Philippine exporters are warning that the US decision to impose an additional 12.5 percent tariff on most Philippine exports could weaken the country's competitiveness in its largest export market, putting pressure on manufacturers and micro, small, and medium enterprises (MSMEs) already navigating a volatile global trade environment.