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.
Alaska Milk Corp. is turning to a veteran Filipino executive to lead its next phase of growth as the dairy company seeks to strengthen its brands, expand opportunities, and deepen its role in affordable nutrition.
The Philippines is seeking long-term investment commitments for a planned advanced manufacturing hub in Clark to ensure the project survives potential policy shifts after presidential elections in the Philippines and the US.
The Philippine tourism industry is poised for a stronger finish to 2026 as stabilizing fuel prices and pent-up demand encourage Filipinos to revive trips postponed earlier in the year, with cruises and emerging destinations expected to gain momentum.