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AboitizPower unit takes full control of La Filipina Electrika

ABOITIZ Renewables, Inc. (ARI) has gained full ownership of La Filipina Electrika, Inc. (LFEI), which is targeted to be the vehicle for upcoming renewable energy projects of the company as well as parent firm AboitizPower Corp.

Aboitiz group leads Mindanao livelihood recovery program

THE corporate social responsibility arm and hydropower systems unit of the Aboitiz group announced that they would be rolling out a P450,000-livelihood recovery program in parts of Mindanao to help communities affected by the global health emergency.

Aboitiz Construction to provide free training

ABOITIZ CONSTRUCTION, Inc. has partnered with a workforce development program to provide free construction training to 3,000 Filipinos until 2023.

Aboitiz Group’s contribution to government coronavirus response efforts reaches P2.2B

THE ABOITIZ GROUP’S contribution to the country’s coronavirus disease 2019 (COVID-19) response has reached over P2.2 billion, with the company being among the firms that first offered support to the government at the beginning of the pandemic.

Aboitiz group gets nod on P7.55-B bonds to partly finance hydro...

THE regulator has approved Aboitiz Equity Ventures, Inc.’s (AEV) plan to list the P7.55-billion second tranche of its P30-billion fixed-rate bonds that will partly fund the construction of its hydro-powered water treatment plant in Davao.

Aboitiz, Japanese partner expanding West Cebu Industrial Park

THE Aboitiz Group is increasing its investment in its West Cebu Industrial Park (WCIP) development in Balamban, Cebu as it looks to ride on the growing demand for industrial spaces in the region.

Aboitiz, APEC council back sustained public, private partnership

THE public and private sectors need closer coordination while taking on a digital approach towards economic recovery as the pandemic crisis persists, the top official of the Aboitiz Group said.

Aboitiz group keeps operating amid lockdown

THE ABOITIZ GROUP on Thursday said it continues to operate its various business segments amid a coronavirus lockdown that started in mid-March.

Aboitiz unit speeds up construction of water project in Davao

ABOITIZ UNIT Apo Agua Infrastructura, Inc. has sped up the construction of its bulk water supply project in the Davao City Water District.

Aboitiz Group to cut jobs

THE Aboitiz Group is laying off employees as a way to cope with the financial impact of the coronavirus disease 2019 (COVID-19) pandemic.

Aboitiz backs rapid testing in Batangas

THE Aboitiz Group is supporting the government’s mass testing efforts with the donation of 4,400 rapid test kits in Batangas to help fight the spread of the coronavirus disease 2019 (COVID-19) in the province.

Aboitiz arm prepares for airport projects, nat’l ID

ABOITIZ InfraCapital, Inc. on Wednesday said it is ready to resume discussions with the government on various airport projects and the National Identification Card (ID) system once the community quarantine is lifted.

Ayala, Araneta and Aboitiz groups provide more support to lockdown-hit sectors

THE Ayala, Araneta and Aboitiz families have expanded their assistance to those affected by the lockdown in Luzon and other parts of the country, while others have joined the roster of private firms providing support to frontliners and vulnerable sectors.

Aboitiz firms provide supplies to health workers

ABOITIZ companies have donated medical supplies and resources for health and security workers across the country amid the ongoing coronavirus disease 2019 (COVID-19) crisis, the group said on Thursday.

Aboitiz group plans education business

THE Aboitiz group is seeking to develop its education business in the coming years, starting with its partnership with cybersecurity training provider DDLS Australia Pty. Ltd.

Moody’s affirms UnionBank’s credit rating

MOODY’S INVESTORS Service has affirmed its investment grade rating UnionBank of the Philippines, Inc., citing the bank’s robust capitalization and large pool of liquid assets.

Aboitiz taps BlueVoyant for cybersecurity services

ABOITIZ Equity Ventures, Inc. (AEV) on Wednesday said it tapped global analytics-driven cybersecurity firm BlueVoyant as its managed security services provider.

Aboitiz unit inks deal with Austal

SHIPBUILDING firm Austal Philippines Pty Ltd. is tapping Aboitiz Construction, Inc. as its local contractor, once the former bags the contract to build vessels for the Armed Forces of the Philippines (AFP).

Aboitiz-FTAP tandem inks deal with Smart Communications for common towers

THE joint venture of Aboitiz InfraCapital, Inc. and Frontier Tower Associates Philippines, Inc. (FTAP) has secured a deal with Smart Communications, Inc. to provide shareable telecommunications infrastructure.

Aboitiz Q2 net income up 3% on one-time gain

ABOITIZ Equity Ventures, Inc. (AEV) reported a 3% rise in its second-quarter consolidated net income to P5.4 billion, in part after the holding firm and its biggest contributing unit both recognized non-recurring gains.

Globe Telecom partners with Aboitiz for common towers

GLOBE Telecom, Inc. has secured its second deal to order shareable telecommunications infrastructure from the tandem of Aboitiz InfraCapital, Inc. and Frontier Tower Associates Philippines (FTAP).

Aboitiz on track to plant 9M trees by 2020

THE Aboitiz Group said it is on track to hit its goal of planting nine million trees by 2020, as part of its Simultaneous Tree Planting (STP) initiative.

Aboitiz eyes RE project acquisitions in Vietnam

ABOITIZ Power Corp. is looking at acquiring renewable energy (RE) projects that are under development in Vietnam with capacities of between 50-100 megawatts (MW) each to take advantage of the feed-in tariff (FiT) scheme being offered in the Southeast Asian country.

Aboitiz taps Irish firm for airport bids

ABOITIZ InfraCapital, Inc. said it partnered with Irish company daa International for bid to upgrade and operate airports in Bohol-Panglao and Laguindingan.

Aboitiz set to sign MoU with DICT for common towers

ABOITIZ InfraCapital, Inc. is joining the government’s initiative to welcome providers of telecommunications infrastructure as it scheduled to sign a memorandum of understanding (MoU) with the Department of Information and Communications Technology (DICT) today.

Aboitiz bullish on Southeast Asia market

ABOITIZ Equity Ventures, Inc. (AEV) sees the Southeast Asian market contributing to a significant part of its earnings in the following years, as it pursues more investments that will help sustain its growth momentum.

Aboitiz unit secures P206-million contract

THE CONSTRUCTION arm of Aboitiz Equity Ventures, Inc. has secured the P206-million contract to design and construct an overhead transmission line for another Aboitiz-led company, Lima Enerzone Corp.

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...