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Aboitiz unit’s floating solar energy system completed by Q1

SN Aboitiz Power-Magat, Inc. expects to complete the construction of its pilot floating solar energy system on Magat dam in the first quarter of 2019 in time for the onset of the rainy season to test the project’s ability to withstand rough weather.

AEV chairman Jon Ramon Aboitiz passes away

Aboitiz Equity Ventures, Inc. (AEV) Chairman Jon Ramon M. Aboitiz passed away on Friday, Nov. 30. He was 70, according to a company representative. Mr....

Aboitiz still interested in National ID program

THE Aboitiz group said it remains interested in taking part in the National Identification (ID) system, despite the Philippine Statistics Authority’s (PSA) rejection of its unsolicited proposal earlier this month.

Aboitiz said to be in advanced talks to buy Ayala power...

ABOITIZ POWER Corp. is in advanced talks to acquire stakes in some of Ayala Corp.’s thermal power assets, people with knowledge of the matter said.

Aboitiz solar power unit expands to Mindanao

DAVAO CITY — Aboitiz Power Distributed Energy, Inc. (APX), the newly formed rooftop solar power unit of Aboitiz Power Corp. (AboitizPower), is ready to enter the Mindanao market after starting out in Luzon and the Visayas in April this year.

Aboitiz-Ayala group to allot P15B for proposed ID system

A CONSORTIUM led by the Ayala and Aboitiz groups will be shelling out P15 billion for its proposal to design and develop the infrastructure for the country’s national identification (ID) system.

Aboitiz to develop Boracay’s Wetland #4 into urban park

THE ABOITIZ Group, through its social development arm Aboitiz Foundation, has adopted and will rehabilitate Boracay Island’s Wetland #4 into a “linear urban park”.

UnionBank to conduct P10-billion SRO next month

UNIONBANK of the Philippines will proceed with its planned stock rights offer next month, as it works to raise fresh capital to support expansion.

AEV earnings slip 2% in first half

Aboitiz Equity Ventures, Inc. (AEV) reported a 2% drop in earnings for the first six months of 2018, dragged by net forex losses coming...

Aboitiz unit Pilmico takes majority stake in animal feeds maker Gold...

ABOITIZ Equity Ventures, Inc.’s food subsidiary Pilmico International Pte Ltd. has acquired a majority stake in Gold Coin Management Holdings Ltd (Gold Coin) for $334 million as Pilmico expands its animal feeds business in the Asia Pacific.

CitySavings’ bid for PR Savings gets green light

THE BANGKO SENTRAL ng Pilipinas has approved the plan of UnionBank of the Philippines’ savings lending arm to acquire Philippine Resources Savings Bank Corp. (PR Savings) of the Ropali Group.

Austal taps Aboitiz unit to expand shipyard in Cebu

THE CONSTRUCTION arm of Aboitiz Equity Ventures, Inc. (AEV) has secured the design and construction contract for the expansion of Australian shipbuilder Austal Philippines Pty Ltd.’s facilities in Cebu.

UnionBank to conduct P10-B SRO in July

UNIONBANK of the Philippines, Inc. is set to conduct its P10-billion stock rights offering (SRO) in July, which will raise additional capital for the...

Republic Cement sees profit rebounding this year

Republic Cement and Building Materials, Inc. expects profits to recover this year after higher input costs and intense competition put pressure on margins last...

AboitizPower launches 100-kilowatt solar rooftop installation

Aboitiz Power Corp. (AboitizPower) has launched a 100-kilowatt solar rooftop installation, marking its foray into the small-scale market segment that also further expands its...

AEV first-quarter profit inches up by 3%

Aboitiz Equity Ventures, Inc. (AEV) grew its first quarter consolidated net income by 3% to P4.8 billion from P4.7 billion last year due to...

Republic Cement: Six decades of contributing to nation-building

For over 60 years, Republic Cement has been a partner in the Philippines’ transformation and a vital contributor to nation-building. Founded in 1955, the...

Aboitiz allocates P77B for capex

By Arra B. Francia, Reporter ABOITIZ EQUITY Ventures, Inc. (AEV) has allocated P77 billion for its capital expenditure program this year, after spending less than...

Davao Light urges solar rooftop owners to join net metering program

Davao Light and Power Co., Inc. is encouraging its solar rooftop owners to sign up under its net metering program that allows them to...

Aboitiz Equity earnings dip

ABOITIZ Equity Ventures, Inc. (AEV) saw its earnings dip in 2017, after incurring higher losses from the operations and refinancing of costs for its...

UnionBank to acquire PETNET, Inc.

UnionBank of the Philippines group is set to acquire the controlling stake of transaction network PETNET, Inc. In a disclosure to the local bourse on...

UnionBank posts lower income in 2017

UNIONBANK of the Philippines (UnionBank) booked a lower net income in 2017 despite positive recurring income across all its business segments. In a disclosure to...

A positive and respectful look at traditional Ifugao culture

By Jonathan Best Book Review Ifugao: People of the Earth Written and edited by Prof. Delfin Tolentino, Jr., Leah Enkiwe-Abayao, Analyn Salvador-Amores, and Marlon Martin Published by ArtPostAsia...

UnionBank net income down in Q2

UNION BANK of the Philippines (UnionBank) saw its income slide in the second quarter, but still posted a double-digit income in the first semester,...

AEV subsidiary to buy out Lafarge Republic’s minority at 0.2178 euros...

By Victor B. Saulon, Sub-editor A UNIT of Aboitiz Equity Ventures, Inc. (AEV) is acquiring 11.15% of Republic Cement & Building Materials, Inc. (RCBM) at...

Aboitiz Group preparing fifth generation for key leadership positions

THE Aboitiz group is preparing 11 fifth-generation family members as its next set of leaders within the next two years when a number of...