The acquisition of the 796.56 MW Caliraya-Botocan-Kalayaan (CBK) hydroelectric complex by the Aboitiz-led Thunder Consortium is hailed by analysts as a commercially and strategically significant that strengthens Aboitiz Power Corp.'s position as the country's leading hydropower operator.
Makati City has enough funds to pay the $160-million award the Singapore International Arbitration Centre (SIAC) may give in favor of Philippine Infradev Holdings Inc. without cutting programs or benefits for residents and employees, former Mayor Abby Binay-Campos said Monday, defending a resolution approved during her final weeks in office.
The Stratbase Institute, in partnership with the Australian Embassy in the Philippines, will host a high-level security forum on July 11 to mark the 9th anniversary of the Philippines’ landmark arbitral victory over China in the South China Sea. The conference will underscore the country’s commitment to defending its sovereignty without compromising the rules-based international order.