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.
Monde Nissin Corp. returned its struggling Quorn meat-free protein business to operating profitability in the first nine months of 2026, helping lift group earnings and giving the food manufacturer room to raise its cash dividend.
Technology serves its greatest purpose when it directly answers the everyday needs of communities, and Palawan is putting that principle into practice.
San Miguel Food and Beverage, Inc. (SMFB) saw its top line grow 2 percent to P309.6 billion in the first nine months of 2026, proving resilient against high inflation, rising commodity costs, and slower economic growth that stretched household budgets.
The Department of Public Works and Highways (DPWH) will keep in place tighter documentation standards for all infrastructure projects, after the Senate removed 295 proposed projects valued at P8.8 billion from the 2027 national budget because of incomplete supporting papers.