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.
Toyota Motor Philippines (TMP) will highlight its locally manufactured Tamaraw public transport platform and expanding electrified vehicle lineup at two automotive exhibitions from October 22 to 24 at the SMX Convention Center in Pasay City, reflecting its dual focus on commercial mobility and vehicle electrification.
The Department of Trade and Industry (DTI) is working to accelerate the launch of Singaporean manufacturer MNEX’s P180-million precision manufacturing facility in Batangas, with production targeted to begin in early 2027.
The country’s gross international reserves dipped to $99.5 billion at the end of September 2026, down from the previous month’s balance, according to data released by the Bangko Sentral ng Pilipinas.
Philippine organizations are struggling to secure artificial intelligence (AI) agents and coordinate cyber defense operations, even as they demonstrate stronger-than-average cybersecurity readiness, according to Cisco’s latest report.