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.
Radisson Hotel Group is expanding rapidly in the Philippines, with the country now making up 35 percent of its total growth in Southeast Asia-Pacific. The move highlights the company’s strong confidence in the Philippines’ long-term tourism potential and its importance to the group’s regional strategy.
Chinese new energy vehicle powerhouse BYD is stepping harder on the accelerator in the Philippines, formally launching its premium marque Denza and signaling a broader Southeast Asian push.
China-based Helioway Precision Hardware (Phils) Corp. is investing more than P200 million in a new precision manufacturing facility in Batangas, marking its formal entry into the Philippines’ export sector after signing a registration agreement with the Philippine Economic Zone Authority.
BDO Unibank, Inc. delivered a strong performance in 2025 and reported a record ₱87.2 billion in net income, up 6 percent from the previous year, highlighting steady growth in its core businesses.