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.
A late-November Social Weather Survey (SWS) commissioned by Stratbase Consultancy shows a sharp regional divide in public trust between President Ferdinand Marcos Jr. and Vice President Sara Duterte.
Philippine export sales at the 8th China International Import Expo (CIIE) cooled to USD269 million, reflecting softer headline numbers but steady underlying demand from Chinese buyers for Filipino food and agricultural products.
Global Ferronickel Holdings, Inc. (FNI) said Joseph Sy has resigned as director, effective immediately, citing personal reasons and the “best interests” of the company.
Aboitiz Equity Ventures Inc. (AEV) and Global Infrastructure Partners (GIP), a unit of BlackRock, have sealed definitive agreements formalizing their strategic partnership in Aboitiz InfraCapital, Inc. (AIC), marking one of the largest recent foreign investments in Philippine infrastructure.