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.
The National Privacy Commission (NPC) is assessing data breach reports from 10 government agencies, including the Bureau of Internal Revenue (BIR) and Securities and Exchange Commission (SEC), as it examines the potential risks to individuals whose personal information may have been compromised.
The Philippines ranked 69th among 158 countries in the 2025 Illicit Trade Index, with weak enforcement and porous supply chains leaving it exposed to illegal goods despite a relatively strong regulatory.
Jollibee Foods Corp. reported Tuesday its attributable net income fell 6 percent to P8.12 billion in the first nine months, from P8.65 billion a year earlier. System-wide sales rose over 13 percent to P377.69 billion, while revenue grew 11 percent to P250.2 billion.
SM Investments Corporation has earned its Great Place to Work® certification for 2026, making it two years in a row for the SM Group parent firm. Survey results show 92% of employees agree management runs the business competently, signaling strong trust in company leadership.