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.
Alex Eala’s return to the WTA Tour lasted barely a night. The Filipino star, seeded 13th at the Wuhan Open despite slipping to No. 19 in the latest WTA rankings, fell to Chinese qualifier Shi Han, 4-6, 6-3, 6-3, on Monday night at Dongfeng-Voyah Center Court.
Philippine tax technology startup Taxumo is expanding beyond freelancers and small businesses into the enterprise market, aiming to turn mandatory electronic invoicing into a growth engine that could eventually rival its tax-filing business.
The Department of Tourism (DOT) is pitching opportunities in healthcare, digital health, rehabilitation, and wellness resorts to foreign investors as the Philippines seeks to establish itself as a regional medical and wellness tourism hub.
Foreign direct investment inflows to the Philippines experienced a visible slowdown from January to July 2026, dropping to a net total of $4.1 billion compared to the levels recorded during the same period last year.