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.
Adarna House is taking its Filipino children’s content beyond books through a partnership with digital design platform Canva, creating a new channel for its stories and learning materials to reach students, teachers and families.
ACS Manufacturing Corp., maker of Pride Detergent, Shield Bath Soap, and Unique Toothpaste, is shifting its two key Laguna manufacturing facilities to 100 percent renewable electricity under a new supply agreement with ACEN Renewable Energy Solutions (ACEN RES).
Global Dominion Financing is rolling out a financing program for women-led businesses, offering funding for working capital, equipment, vehicles, property, and expansion as it seeks to widen access to credit among women entrepreneurs.
The Department of Trade and Industry is recalibrating the Philippines’ export growth target and has placed its Export Marketing Bureau directly under Trade Secretary Cristina Roque as the government seeks to open more markets for local products.