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.
Vivant Energy retail electricity supply arm COREnergy has signed a power supply agreement with DEDON Manufacturing, Inc., the Philippine production hub of one of the world’s top luxury outdoor furniture brands.
The Philippine government said it will act on recommendations from the World Bank’s latest Public Finance Review, putting a sharper focus on broadening the tax base, improving revenue collection and ensuring that public spending translates into measurable gains for Filipinos.
The Bangko Sentral ng Pilipinas (BSP) recognized six distinguished institutional partners across Mindanao during the Outstanding BSP Stakeholders Appreciation Ceremony held on September 28, 2026, wrapping up the central bank’s 2026 nationwide appreciation series. This recognition follows earlier ceremonies held for North Luzon in July, Head Office and South Luzon in August, and the Visayas in September.
The Jollibee Group is bringing its inclusive employment initiative for qualified senior citizens and persons with disabilities to the Visayas region for the first time, through a new partnership with the Cebu City Government. Under this collaboration, eligible seniors and PWDs will take on customer relations roles across 36 participating branches of Jollibee, Chowking, Greenwich, and Burger King, marking a key milestone in the program’s national reach.