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’s Bureau of Fisheries and Aquatic Resources (DA-BFAR) said it will continue providing fuel assistance to fisherfolk nationwide as global oil prices rise.
The House of Representatives has endorsed a resolution pushing for the proclamation of the proposed Bicol Ecozone in Pantao, Libon, Albay as the fifth public economic zone under the Philippine Economic Zone Authority (PEZA), signaling a major step toward boosting trade along the country’s eastern seaboard.
The Asian Eye Institute has announced the expansion of its branch at TriNoma, introducing a larger and upgraded facility aimed at improving access to eye care services for patients in Quezon City, Northern Metro Manila, and nearby areas.
Appointed as president and chief executive officer of the Rizal Commercial Banking Corporation effective July 1, 2025, Reginald Anthony “Reggie” Cariaso leads one of the country's largest universal banks at a time of rapid digital transformation.