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 Department of Agriculture, through the Bureau of Fisheries and Aquatic Resources, has issued stricter regulations for the country’s blue swimming crab or alimasag fishery under Fisheries Administrative Order No. 277.
Shell Business Operations (SBO) Manila has been named one of Everest Group's Top Global Business Services (GBS) Employers for 2026, reinforcing the Philippines' growing reputation as a premier destination for high-value business services and globally competitive talent.
Visa and the Land Bank of the Philippines have introduced a new government purchase card (GPC) that modernize how public institutions manage procurement and spending.
Ayala Corp. and JG Summit Holdings Inc. have joined the Department of Trade and Industry's (DTI) expanding Supply Chain and Logistics Center (SCLC), strengthening a public-private initiative designed to give micro, small and medium enterprises (MSMEs) easier access to logistics services and supply chain expertise.