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.
The Department of Transportation (DOTr) will roll out a P1 billion service contracting program to support public utility vehicle (PUV) drivers and operators starting April 15, 2026. The program will run for two weeks.
Foreign direct investment (FDI) inflows into the Philippines dropped to US$443 million in January 2026, marking a decline compared with the level recorded in January 2025. The decrease highlights growing caution among foreign investors, with rising geopolitical risks seen as a key factor dampening confidence.
Manila Electric Company (Meralco) on Friday announced an increase of P0.5335 per kilowatt-hour (kWh) in electricity rates this April. The overall rate for a typical household is now P14.3496 per kWh, up from P13.8161 per kWh in March.