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 Energy (DOE) has confirmed more than 12 proposed geothermal projects are set to benefit from the Philippine Geothermal Resource De-Risking Facility (PGRDF), a ₱10.07-billion program designed to clear key barriers to renewable energy investment.
DMCI Project Developers Inc., the real estate arm of Consunji-led DMCI Holdings Inc., is rolling out its first socialized housing project to comply with national regulations requiring real estate developers to provide affordable homes for the public.
Bureau of Internal Revenue (BIR) Commissioner Charlito Martin R. Mendoza outlined the Bureau’s direction toward a tax administration that is fair, simple, predictable, and partnership-driven as he presented four commitments—Predictability, Simplicity, Fairness, and Partnership—supported by the BIR DARES reform and legacy agenda at the European Chamber of Commerce of the Philippines (ECCP) Tax Forum 2026 on August 13, 2026.