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.
Ayala Land Hospitality is strengthening its position in the Philippine luxury hotel market after four of its properties earned MICHELIN Key distinctions in the 2026 MICHELIN Guide hotel selection, spanning resort destinations in Palawan and business and lifestyle hubs in Makati.
The Bases Conversion and Development Authority (BCDA) expects approved investments to exceed P100 billion in 2026, as accelerating aviation and logistics activity strengthens Clark’s position as a regional business hub.
Gilas Pilipinas Men’s 3x3 team wasted little time making its presence felt at the 2026 Aichi-Nagoya Asian Games, winning twice Monday and putting itself within touching distance of the quarterfinals.