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.
Etiqa Philippines is marking its seventh year under the Etiqa brand by doubling down on customer experience, operational efficiency, and broader insurance access, underscoring how insurers are increasingly competing on service quality as much as product offerings.
Most air conditioners don't announce their retirement. They start behaving like that one office colleague who still shows up every day—but somehow gets less done.
The Philippines will continue negotiating with the Office of the United States Trade Representative (USTR) after Washington imposed a 12.5 percent tariff on most Philippine exports under its forced labor-related trade review, with Manila maintaining that the assessment remains open and subject to further evaluation.