Tag: AboitizPower

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AboitizPower profit climbs in 3Q on strong hydro, higher margins

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.

Thunder Consortium wins CBK Hydro bid

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.

AboitizPower gets nod to list fixed-rate bonds on PDEx

Aboitiz Power Corp. said it has secured approval from the Philippine Dealing and Exchange Corp. (PDEx) to list the first tranche of its retail...

300 MW Meralco, AboitizPower EPSA ends

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.

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Price Council backs DA-proposed temporary price cap on imported rice

The National Price Coordinating Council NPCC has endorsed the imposition of a P50 per kilo price ceiling on imported rice as surging global oil prices driven by ongoing geopolitical tensions in the Middle East continue to push up food costs in the Philippines.

World Bank $1B financing targets Philippine farm transformation

At least five million Filipino farmers are poised to benefit from a USD1-billion World Bank financing package aimed at accelerating a nationwide shift toward higher productivity, diversification, and climate resilience—an overhaul long seen as critical to stabilizing food supply and rural incomes.

MPTC activates Holy Week traffic plan nationwide

Metro Pacific Tollways Corp. (MPTC) is rolling out its “Biyaheng Arangkada” motorist assistance program from March 27 to April 6, 2026, bracing for the annual Holy Week travel surge.

RCBC, SSS launch digital loan access push

Rizal Commercial Banking Corp, (RCBC), the banking unit of the Yuchengco Group, and the state-owned pension fund Social Security System (SSS) are rolling out a new digital microloan offering aimed at expanding access to affordable credit while curbing reliance on informal lenders.

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