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.
New research published in Molecular Plant, a partner journal of Cell Press, suggests that Green Revolution varieties aren’t just high-yielding, they are also better equipped to handle salty soils. That is a big deal, considering roughly 20 percent of the world’s cultivated land is affected by salinity, a creeping problem that stunts growth and cuts yields.
The Chamber of Commerce of the Philippine Islands (CCPI) will hold its ECOMP-P5 Synergy Conference, titled “Actionize the Missions of Economic Compass Pillars 5,” featuring prominent leaders in governance, economic development, and capital markets.
The Metropolitan Bank & Trust Co. (Metrobank) reinforced its dominance in the country’s financial markets after clinching top honors once again at the Philippine Dealing System Annual Awards held March 26 at Makati Diamond Hotel.
Travel through the Philippines’ central gateway continues to evolve as passenger experience becomes a key measure of airport performance across Asia-Pacific.