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 Land, Inc. strengthened its balance sheet in the first quarter of 2026 after cutting unsold residential inventory by P4.1 billion, highlighting the company’s push to improve capital efficiency amid a more selective property market.
The Makati Business Club said restoring public trust in the Senate now largely depends on the leadership of the Senate President following what it described as the “unprecedented drama and chaos” that marked the chamber’s May 11 session.
Philippine Chamber of Commerce and Industry president Ferdinand Ferrer warned that political distractions and uncertainty could slow investment inflows into the Philippines, saying stability and adherence to the rule of law remain critical to sustaining investor confidence.
Philippine electronics manufacturer EMS Group is accelerating capacity expansion as global demand for artificial intelligence (AI) infrastructure fuels a surge in orders for power supply components and circuit boards used in high-performance computing systems.