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 Philippines is quickly carving out a place as one of Southeast Asia's most enthusiastic adopters of artificial intelligence, with Filipinos increasingly using Google's Gemini for work, creativity and customer service rather than just casual online queries.
The Department of Environment and Natural Resources’ Environmental Management Bureau has scheduled public scoping sessions for the 200 megawatt wind farm spanning across the Laguna municipalities of Kalayaan, Lumban, Paete, and Cavinti.
The Securities and Exchange Commission has issued a cease and desist order against EF Easy Franchise Technological Ventures Inc. for illegally soliciting investments from the public without proper authorization. The directive covers the company, its officers and representatives including Jose Anton Ojeda, Charmaine Isabel Lim, Gianpaolo Acosta, Karla Dela Cruz, Angelica Carlos, Rene Ledesma, Jr., Jose P. Magsaysay, Jr., Emerson Tan, Angela Kirsten Villaluz, as well as related entity Sunspark Holdings, Inc., and all parties acting on their behalf.
Philippine gaming firm DigiPlus Interactive Corp. has become the newest member of the Brazilian Institute of Responsible Gaming (IBJR), marking its growing presence in the Brazilian gaming sector. IBJR said that DigiPlus’ membership strengthens the institute’s work and helps build a fully sustainable, responsible betting environment across the country, adding that the move unites more industry players around ethical practices and efforts to curb illegal gambling.