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.
Airbnb Inc. reported a nearly 25 percent rise in Gen Z domestic search interest for ber-months check-ins, signaling strong early travel demand from younger Filipinos as the season begins.
Jollibee Foods Corp. (JFC), the Philippines’ largest fast-food chain, announced Tuesday it will spin off its entire overseas business and list the new entity on the Main Board of The Stock Exchange of Hong Kong Limited.
The Maritime Industry Authority (MARINA) is requesting a total of ₱250 million in funding to upgrade its outdated digital infrastructure and build a dedicated disaster recovery system, following a recent cybersecurity incident that exposed critical gaps in its current technology.