Negros Power has secured a five-year, 20-megawatt baseload supply contract with Aboitiz Power Corp.’s Therma Visayas, a deal expected to fortify energy security as Central Negros works to fully recover from Typhoon Tino’s damage.
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 Ninoy Aquino International Airport (NAIA) is bracing for a major holiday rush, with up to 1.25 million air passengers expected to travel during the upcoming Undas observance.
The Bangko Sentral ng Pilipinas has denied central bank registration to five entities found operating as money service businesses without prior authorization. Under strict regulatory measures, the Monetary Board declared the five establishments disqualified from registering or legally operating in the country.
With the 49th ASEAN Summit set for November 16–18, 2026, the Civil Aeronautics Board (CAB) is advising the public and airlines to brace for possible flight schedule changes, airport adjustments, and heavier traffic around key areas.
The Bank of the Philippine Islands (BPI) is set to expand its sustainability efforts and mark a major milestone in its corporate history with a proposed ₱5-billion bond offering. Dubbed the BPI SIBOL Bonds, this issuance serves as the third tranche under the bank’s broader ₱200-billion bond and commercial paper program, with an option to increase the offer size based on demand.