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 Clark International Airport Corporation (CIAC) has earned recognition from President Ferdinand R. Marcos Jr. after remitting P585.71 million in dividends to the National Treasury, highlighting the state-run firm's growing financial strength and its expanding contribution to government revenues.
The US is moving to fast-track the proposed Pax Silica initiative, a flagship technology project that the Philippine government believes could unlock hundreds of thousands of jobs and attract multi-billion-dollar investments from global technology giants, including Taiwan's Foxconn.
Artificial intelligence is having quite the glow-up. It can write your emails, summarize your meetings, plan your vacation, and even explain quantum physics without breaking a sweat.