Tag: AboitizPower

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AboitizPower profit climbs in 3Q on strong hydro, higher margins

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.

Thunder Consortium wins CBK Hydro bid

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.

AboitizPower gets nod to list fixed-rate bonds on PDEx

Aboitiz Power Corp. said it has secured approval from the Philippine Dealing and Exchange Corp. (PDEx) to list the first tranche of its retail...

300 MW Meralco, AboitizPower EPSA ends

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.

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Treasury raises P80B as demand stays robust

The Bureau of the Treasury raised P80 billion after fully awarding Treasury bills and cash management bills at the auction on Monday, with strong investor demand allowing the government to secure fresh funding despite mixed movements in short-term interest rates.

Port users seek tougher safeguards against hidden shipping fees

Port users are urging regulators to tighten proposed reforms on cargo handling and container yard operations, arguing that stronger safeguards are needed to ensure lower logistics costs as the government pushes to modernize Philippine ports.

BCDA, SBMA tap Subic to power AI strategy

The Bases Conversion and Development Authority (BCDA) and the Subic Bay Metropolitan Authority (SBMA) are positioning the Port of Subic Bay as a strategic logistics hub for the country's growing artificial intelligence and semiconductor ambitions, a move aimed at strengthening the Philippines' role in high-value global supply chains.

McDonald’s Philippines earns triple Tambuli honors for impact

McDonald's Philippines marked its 45th anniversary with a clean sweep at the 20th Asia Pacific Tambuli Awards, highlighting how corporate success is increasingly measured not only by financial results but also by long-term contributions to society.

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