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.
State-run pension fund Social Security System (SSS) is set to roll out another round of pension increases and a new micro loan program after its reserve fund breached the P1-trillion mark for the first time in its 69-year history, the Department of Finance (DOF) announced Thursday.
The Southeast Asian Regional Center for Graduate Study and Research in Agriculture (Searca) and the International Tropical Fruits Network (TFNet) have signed a partnership to strengthen tropical fruit production in the region. The agreement, formalized through a memorandum of understanding (MOU) on February 12, aims to promote research, education, innovation, and capacity-building across Southeast Asia and other tropical fruit-producing areas.
The Globe Group is stepping up its push to make innovation a core part of its corporate strategy by directly linking startups with real business environments.