Tag: AboitizPower

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AboitizPower profit climbs in 3Q on strong hydro, higher margins

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.

Thunder Consortium wins CBK Hydro bid

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.

AboitizPower gets nod to list fixed-rate bonds on PDEx

Aboitiz Power Corp. said it has secured approval from the Philippine Dealing and Exchange Corp. (PDEx) to list the first tranche of its retail...

300 MW Meralco, AboitizPower EPSA ends

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.

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ManulifeMOVE promotes holistic approach to longer lives

Manulife Philippines is expanding its focus on preventive health and financial preparedness through ManulifeMOVE, a wellness program designed to help Filipinos build healthier habits and prepare for longer, more secure lives.

BSP sees elevated inflation shaping 2027 budget

The Bangko Sentral ng Pilipinas expects inflation to remain elevated in 2027, with the government adopting a 4 percent to 5 percent inflation assumption in crafting the proposed national budget amid continued global and domestic price risks.

Secretary Go says 2027 budget to prioritize fiscal discipline

Finance Secretary Frederick Go said the government’s 2027 budget will prioritize fiscal discipline and higher-impact spending as the administration works to sustain economic growth while reducing the deficit and managing debt levels.

MAP raises tax concerns as BIR pursues reforms

The Management Association of the Philippines has flagged tax administration issues with the Bureau of Internal Revenue, prompting the agency to explore further reforms aimed at making compliance simpler, more predictable, and more responsive to businesses.

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