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.
Philippine Airlines is running a limited "3-Day Flash Sale" from July 15 to 17, cutting fares on select domestic and international routes for travel starting August 1 this year. Travel until January 31, 2026 qualifies for up to 30 percent off, while trips from February 2027 onward get bigger discounts: up to 50 percent on domestic base fares and up to 40 percent on international base rates. The offer covers destinations across the Philippines, Asia, Australia, North America, and the Middle East, with passengers retaining access to full services including free meals and standard baggage allowances. Eligible domestic bookings worth at least P20,000 also come with zero-percent installment plans for up to three months via partner banks BPI, Metrobank, and HSBC.
Globe Business is expanding its focus on the local hotel, restaurant and café sector as businesses strive to keep pace with the fast growing digital travel economy. Rising demand from medical and wellness tourists, MICE travelers, and digital nomads is pushing operators to deliver personalized service, while facing a 325 percent jump in industry cyber threats and ongoing labor pressures. The firm is promoting its "Intelligent Transformation" approach, which combines strong connectivity, cloud tools, cybersecurity and data analytics to streamline operations and tailor guest experiences. Industry data shows this level of personalization can lift guest lifetime value by 20 percent to 30 percent. Globe Business shared these strategies during the recent Hospitality and Food and Beverage Summits, aiming to help businesses build secure, efficient digital foundations for long term growth.
Japan has called on China to respect international law, marking exactly ten years since a landmark legal ruling rejected Beijing’s vast maritime claims in the South China Sea.
Property giant Megaworld Corp. has raised P5.6 billion through a series of MREIT Inc. block sales between April and July, providing fresh capital to bankroll the next wave of township developments while expanding the listed real estate investment trust's portfolio.