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.
Orly Guteza, former bodyguard of ex-Congressman Rizaldy Co., has recanted his September 2025 testimony before the Senate Blue Ribbon Committee, where he claimed he helped deliver suitcases of money in connection with the flood control controversy. Guteza said his affidavit was prepared by former Congressman Mike Defensor and his son-in-law, Mark, and was later revised by Senator Rodante Marcoleta. He said the meeting took place on Sept. 24, 2025, at a Japanese restaurant near the Senate. Guteza also claimed Defensor offered him cash and educational scholarships for his children in exchange for his testimony. Also, in his new 4-page affidavit notarized on August 13 in Pasig City, Guteza claimed he was tapped to testify because Co’s executive assistants might be expelled from the Iglesia ni Cristo if they admitted their role in moving the money.
SM Prime Holdings Inc. expects sustained demand for warehouse and logistics facilities as e-commerce, faster delivery expectations, and last-mile distribution reshape the Philippine supply chain.
As persistent market pressures, soft domestic demand, and tight liquidity continue to squeeze Filipino households and micro, small, and medium enterprises (MSMEs), Global Dominion Financing, Inc. has partnered with Go Negosyo to deploy "Trabaho at Negosyo," a nationwide economic intervention designed to expand capital access, business mentorship, and income-generating opportunities across regional markets.
Jobstreet by SEEK and the Technical Education and Skills Development Authority (TESDA) are tightening the link between technical-vocational training and employment as the Philippines seeks to turn skilled talent into job-ready workers.