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.
The Department of Agriculture (DA) is scaling up production of a naturally occurring fungus to fight the red‑striped soft scale insect (RSSI), a pest that can cut sugar content by nearly 50 percent. First seen in 2022, RSSI now ranks as a major threat to the Philippine sugar industry.
The Philippine Blockchain Week (PBW) 2026 returns to the capital from June 19 to 21, bringing together over 15,000 participants to explore how distributed ledger technology is reshaping finance, business, regulation, and creative industries across the country and beyond.
The government has rolled out emergency housing assistance for families displaced by the powerful 7.8-magnitude earthquake that struck Mindanao, with shelter agencies mobilizing cash aid, repair materials, and temporary housing support as recovery efforts gather pace.