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 growing market for premium pet food is changing what Filipino pet parents expect from the brands filling their pets’ bowls, with ingredient lists alone increasingly no longer enough.
The National Basketball Association (NBA) and Salmon, a fast-growing financial technology company in the Philippines, today announced a multi-year marketing partnership that makes Salmon an Official Partner of the NBA in the Philippines.
Meralco, led by Manuel V. Pangilinan, took home nine Excellence and Merit trophies at the 22nd Philippine Quill Awards, marking another strong showing in the country’s top business communication honors.
Aboitiz Foundation is deepening partnerships with the League of Municipalities of the Philippines (LMP) and the Technical Education and Skills Development Authority (TESDA) to expand education, livelihood, and sustainability programs nationwide.