Tag: AboitizPower

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AboitizPower profit climbs in 3Q on strong hydro, higher margins

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.

Thunder Consortium wins CBK Hydro bid

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.

AboitizPower gets nod to list fixed-rate bonds on PDEx

Aboitiz Power Corp. said it has secured approval from the Philippine Dealing and Exchange Corp. (PDEx) to list the first tranche of its retail...

300 MW Meralco, AboitizPower EPSA ends

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.

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Mapúa relaunches program to build climate-resilient communities 

In 2025, the Philippines ranked first globally in disaster risk, with a score of 46.56, due to its location along the Pacific Ring of Fire and Typhoon Belt. Officials warn that climate hazards combined with unplanned development worsen danger, especially in cities and coastal zones.

GSIS launches new STEM subsidy program for members’ children

This June, the Government Service Insurance System (GSIS) will roll out the GSIS Subsidy for STEM Program (GSSP), a new educational aid for qualified children of active GSIS members taking up Science, Technology, Engineering, and Mathematics courses. The initiative supports President Ferdinand R. Marcos Jr.’s goal to expand quality education and build a skilled, future-ready Filipino workforce.

House of Investments, Pharma firm explore growth opportunities

House of Investments, Inc. (HI) is broadening its investment horizon after signing a cooperation agreement with Philippine Pharma Procurement, Inc. (PPPI). This move could open new business opportunities across healthcare and other strategic sectors.

Salmon, SM Appliance Center team up for in-store product loans

Leading fintech firm Salmon has partnered with SM Appliance Center to offer product loans directly inside SM Appliance branches nationwide, bringing flexible financing at the point of purchase.

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