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.
Jollibee Foods Corp. wrapped up 2025 with a powerful fourth-quarter performance that lifted its full-year earnings, underscoring the fast-food giant’s growing strength both at home and overseas.
Agriculture groups are asking the government to step in and reduce the impact of rising fuel prices on farmers and fisherfolk, warning that the situation could threaten food production and raise food prices.
Domestic airlines expect airfares to rise in the coming months as the conflict in the Middle East drives up jet fuel prices and disrupts flight operations.
Maynilad Water Services Inc. said several major water and wastewater infrastructure projects in its West Zone concession area are nearing completion, a development expected to improve water reliability, system resilience, and environmental protection for customers across Metro Manila and Cavite.