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.
Globe Telecom Inc. is accelerating its nationwide 5G expansion, boosting infrastructure spending this year to keep up with growing demand for fast, reliable digital connectivity.
Eight weeks into the impeachment trial of Vice President Sara Duterte, the Senate impeachment court has rediscovered a useful legal principle. People involved in a trial should probably stop trying the case everywhere except the courtroom.
Michelin is best known for keeping vehicles moving, but in the Philippines, its famous name is now also helping put restaurants, destinations, and Filipino cuisine in the international spotlight.