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 internet has become an essential part of daily life for Filipinos, shaping how people connect, learn, earn, and engage with society. But greater digital reliance also brings growing risks: misinformation, scams, identity theft, and fraud that put all users, especially the most vulnerable, in danger. On Independence Day, the meaning of freedom is being redefined for the connected era — it is no longer just about access, but about having the confidence to go online without fear of harm or exploitation.
China Banking Corp. announced Thursday it has received the Excellence in Innovation in the Philippines 2026 award from Global Banking and Finance Review, recognizing its Easy Tax Filing and Payment Solution.
McDonald’s Philippines has activated its Kindness Kitchen program to provide no less than 10,000 hot meals to communities severely affected by the recent earthquake in Southern Mindanao. Working hand-in-hand with local government units, the company aims to deliver nourishing food to families in impacted areas as part of its immediate relief efforts.