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.
Metro Pacific Tollways Corporation (MPTC) announced on Friday a temporary toll rebate program to help ease the impact of rising fuel costs on the transportation sector.
The National Government opened 2026 with a fiscal jolt, posting a P165.4-billion budget surplus in January—more than double the P68.4 billion recorded a year earlier—as steady revenues met sharply lower spending.
Manila Water said it is strengthening water supply reliability for its East Zone customers by expanding alternative water sources, reducing its dependence on Angat Dam.
Ride-hailing platform inDrive has introduced a ₱2.7 million fuel voucher program to help its active drivers cope with rising fuel prices and operating costs.