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.
Figaro Culinary Group Inc. is heading toward a possible exit from the Philippine Stock Exchange as controlling shareholder Figaro Coffee Systems Inc. moves to acquire shares it does not already own at P0.82 each.
The Tau Omega Mu Fraternity and Ladies Circle (TOM), in coordination with partner healthcare professionals, local government units, and civic organizations, will hold a series of free medical and veterinary clinics in the towns of Siruma, Pili, and Tigaon in Camarines Sur from Oct. 24 to 25, 2026.
Metro Retail Stores Group Inc. (MRSGI) is stepping up its engagement with micro, small and medium enterprises (MSMEs), particularly sari-sari store owners and resellers, as it expands its Mareng EMS program with its first caravan in Mandaue City, Cebu.
Mitsubishi Motors Philippines Corp. (MMPC) plans to expand production capacity at its Santa Rosa, Laguna manufacturing plant by about 20%, lifting annual output to more than 60,000 vehicles as the Japanese automaker prepares for local hybrid vehicle production.