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.
In a striking display of personal camaraderie amid high-stakes regulatory friction, former Stock Exchange chairman Ma. Vivian Yuchengco and Securities and Exchange Commission chairman Francis E. Lim maintained a friendly demeanor during the recent listing of Mynt Inc. in Taguig, despite an ongoing legal battle between them. The interaction underscored a complex dynamic where personal relationships persist even as fundamental corporate and stock market regulations are tested in court.
The Philippines has retained its Tier 1 classification in the US’ 2026 Trafficking in Persons (TIP) Report for the 11th consecutive year, with authorities citing continued efforts to strengthen law enforcement, victim protection and prosecution.
Visionary Grand Corp., the company behind PUREAL Philippines, is looking to expand the local market for modern drinking-water purification systems by introducing South Korean filtration technology to Filipino households and businesses.
Months after a powerful earthquake struck Mindanao, many families continue to rebuild their lives, working to restore homes, livelihoods and a sense of normalcy.