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.
After more than four decades, housing construction has returned to the campus of the University of the Philippines Los Baños (UPLB), a development that signals how universities are becoming key partners in the Philippine government’s expanding affordable housing agenda.
First Gen Corporation marked the 50th anniversary of its subsidiary, Energy Development Corporation (EDC), highlighting its role in advancing geothermal energy in the Philippines.
Victor Lee Meng Teck has been appointed president and chief executive officer of Security Bank Corporation, assuming the role in January 2026. Based in the Philippines, he now leads the bank’s overall strategy, operations, and growth initiatives in one of Southeast Asia’s key financial markets.
The Government Service Insurance System (GSIS) will start a four-day on-site workweek on Monday, March 9, 2026 as part of the government’s efforts to conserve energy.