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.
Megaworld Corp., the property development arm of billionaire Andrew Tan, raised fresh capital after selling a portion of its holdings in real estate investment trust, MREIT Inc., through a block sale that raised P945 million.
A four-day compressed workweek could deliver meaningful savings for Filipino workers, but the policy may also dent earnings in the country’s public transport sector, according to the Philippine Chamber of Commerce and Industry (PCCI).
In the California desert, Alex Eala came searching for redemption. Two weeks after a straight sets defeat to Coco Gauff at the Dubai Tennis Championships, the Filipina star finally got it Sunday night at the BNP Paribas Open in Indian Wells.