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.
GT Capital Holdings is reviewing its capital expenditure and growth strategy for 2026 as it navigates uncertainty from an unfolding global crisis, Vice Chairman Alfred Ty said.
The Asian Development Bank (ADB) on Tuesday announced a broad financial support package aimed at helping developing member countries (DMCs) cushion the economic fallout from the escalating conflict in the Middle East.
Airline executives were caught off guard when President Ferdinand Marcos Jr. warned that Philippine carriers may be forced to cut flights—or even ground planes—due to a possible jet fuel shortage tied to the escalating U.S.-Israeli conflict with Iran.
Filinvest Land, Inc. (FLI) has partnered with East West Banking Corporation to introduce a new financing program aimed at making homeownership more affordable and accessible.