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.
Pasig City residents across various sectors will gain access to improved financial literacy training under a new partnership between the Bangko Sentral ng Pilipinas (BSP), the Pasig City Government, and the BDO Foundation (BDOF).
The Department of Information and Communications Technology (DICT) is looking to have Congress pass a comprehensive digital safety law by the third quarter of 2026. The proposed measure includes a recommended minimum age of 16 for using social media platforms.
The planned expansion of Lufthansa Technik Philippines in Clark is being seen as a major , validation of Luzon International Premiere Airport Development Corporation’s (LIPAD) long-term goal of positioning Clark International Airport as a regional aerospace and maintenance, repair and overhaul hub.