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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Bank lending, liquidity rise in April: steady credit flow supports businesses and households 

Bank lending by universal and commercial banks climbed 11.4 percent in April 2026, picking up from the 10.7 percent growth seen in March.

GCash ditch SMS codes in major anti-fraud push

GCash will complete its transition from SMS-based one-time passwords (OTPs) to in-app authentication by June 22, marking a major cybersecurity upgrade aimed at protecting millions of users from phishing attacks and online fraud.

AmCham backs pork imports, seeks review of MAV rules

The American Chamber of Commerce of the Philippines (AmCham) has thrown its support behind the government's efforts to boost pork supply and curb rising food costs, while urging authorities to suspend and reassess newly issued import allocation guidelines that it says could disrupt established supply chains.

BOI Keeps Investment Lead Despite First-Quarter Slump 

The Board of Investments (BOI) retained its position as the country's top investment promotion agency in the first quarter of 2026, accounting for nearly half of all approved investments despite a sharp decline from the record levels posted a year earlier.

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