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.
Converge ICT Solutions Inc. is positioning itself to support the Philippines’ emerging artificial intelligence (AI) and advanced manufacturing ecosystem, as the proposed Pax Silica Industrial Hub creates potential demand for connectivity and computing infrastructure.
Cebu’s office market is tightening as outsourcing firms and other occupiers move to secure expansion space earlier, with limited availability in the city’s established business districts pushing some tenants to consider emerging locations.
Ayala Corp. is sharpening its push into Philippine retail with the launch of ACX Retail, a new platform designed to bring international consumer brands into the country and build them into long-term businesses.
Jollibee strengthened its standing as one of the Philippines’ leading consumer brands after winning 11 awards at the 2026 Marketing Excellence Awards, led by a Gold award for Marketing Team of the Year.