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.
Senator Bam Aquino is pressing the House of Representatives to pass a landmark transparency measure that would use blockchain technology to track government spending, arguing that digital innovation should be as much about rebuilding public trust as modernizing the economy.
The administrative order of President Ferdinand R. Marcos Jr. to reopen Metro Manila to new Philippine Economic Zone Authority (PEZA)-registered IT parks and centers is expected to unlock about 1.2 million square meters of future office space, easing a growing shortage of PEZA-accredited facilities in the capital's key business districts.
As San Beda University celebrates its 125th founding anniversary, it is partnering with PLDT Enterprise to upgrade digital systems across its campuses in Mendiola, Taytay, and Alabang.
Cities that have fully digitized business permitting are collecting significantly more local business taxes than those still relying on paper-based processes, adding fresh evidence that digital government can directly strengthen local economies.