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 Department of Agriculture is backing a proposed P210-per-kilo floor price for live hogs as farmgate prices plunge to P120 to P160 in some areas, but Agriculture Secretary Francisco P. Tiu Laurel Jr. said the government has no legal authority to impose such a floor price for now.
Filipinos have never really needed an invitation to love basketball. Give us a hoop, a ball, and approximately four square meters of concrete and we will figure out the rest. There is no requirement for proper flooring, air-conditioning, seating, parking, or even a complete understanding of the rules. Someone will keep score. Someone will call a phantom foul. Someone will bend the rules to ridiculous proportions in plain sight. So when the National Basketball Association brought basketball to the Philippines once again, nobody complained. After all, Filipinos have been quite willing to make room for basketball for decades. We simply cleared a little more space.
A solar panel that works underwater sounds like the sort of thing a fish might invent after getting tired of waiting for Wi-Fi. But researchers have now shown that the idea is more than a science-fiction prop.
The Association of Southeast Asian Nations’ private sector is pressing economic ministers to turn years of regional integration into actual business opportunities, investments and jobs, with easier trade rules and stronger support for micro, small and medium enterprises (MSMEs) at the center of its agenda.