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.
Electricity prices at the Wholesale Electricity Spot Market (WESM) rose by 10.1 percent in December, driven mainly by higher power demand in the Visayas and Mindanao, data from the Independent Electricity Market Operator of the Philippines (IEMOP) showed.
ABB is supplying a full electrification system for VITRO Santa Rosa, the Philippines’ first AI-ready hyperscale data center, located in Laguna. The 50-megawatt facility is designed for high reliability, energy efficiency, and future AI growth, as the country becomes one of the world’s fastest-growing data center markets.
2GO, one of the Philippines’ leading logistics companies, is optimistic about its outlook for 2026 as it continues to expand its freight, express delivery, and sea travel operations.
Rockwell Land Corp. is making a high-profile return to the domestic debt market, with the highest credit rating from Philippine Rating Service of PRS Aaa rating with a Stable Outlook, for its planned bond issuance of up to P10 billion. The PRS rating underscores the solid balance sheet and conservative financial profile of the listed property development arm of the Lopez Group.