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.
Japanese investors continue to view the Philippines as an attractive destination despite global economic uncertainties and shifting business conditions, according to Sumitomo Mitsui Banking Corporation (SMBC) Manila Branch managing director and country head Hiroyasu Kanda.
The Philippine Economic Zone Authority (PEZA) is holding firm on its P300-billion investment target for 2026, highlighting a resilient manufacturing sector, robust exports, and ongoing expansion by investors despite global uncertainties.
Honda Cars Philippines Inc. (HCPI) is holding vehicle prices steady despite the weakening peso, as the company ramps up its push for hybrid models in the local market.
Bounty Fresh Group Holdings has strengthened its foothold in the poultry sector through the acquisition of Warhawk, a leading gamefowl feed brand, now officially part of its subsidiary, Inoza Feeds.