Negros Power has secured a five-year, 20-megawatt baseload supply contract with Aboitiz Power Corp.’s Therma Visayas, a deal expected to fortify energy security as Central Negros works to fully recover from Typhoon Tino’s damage.
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.
Island business chambers across the Visayas are being urged to lead destination marketing and turn regional connectivity into stronger local business opportunities, as the Visayas Island-Chambers Tourism Alliance (VITA) advances a Cebu-linked tourism strategy.
Demand for Apple’s new iPhone 18 lineup stays robust even amid economic headwinds and premium pricing, according to Globe Telecom Inc. “The demand is still there,” Jo Anne Pique, Globe’s postpaid business head, told reporters, noting financial pressures have not dampened interest in the latest models.
Southeast Asian business leaders are set to explore new trade, investment and tourism opportunities in the Philippines, as the country seeks to attract more regional capital and deepen its role in ASEAN’s increasingly interconnected economy.
At least 50,000 housing units will be offered to prospective homebuyers by more than 80 property developers at the government-led 2nd National Housing Expo 2026 on October 19 to 20 at the SMX Convention Center Manila in Pasay City, as the government seeks to widen access to homeownership through closer coordination between developers and housing finance institutions.