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 Philippines is stepping up efforts to attract global mining investors by showcasing its flagship copper and gold projects, positioning the country to capitalize on soaring demand for critical minerals driven by the energy transition and the realignment of global supply chains.
As the new school year approaches, McDonald's Philippines, Ronald McDonald House Charities (RMHC) Philippines and Megawide Foundation have renewed their commitment to early childhood education with the reopening of the refurbished Ronald McDonald Bahay Bulilit Learning Center in Barangay Mambog IV, Bacoor City.
The Department of Energy (DOE) announced Monday the various fuel companies may implement varying price adjustments for the week starting June 29, 2026.
As ride-hailing demand continues to expand across the Philippines, the biggest obstacle for many aspiring drivers remains the steep upfront cost of acquiring a vehicle.