Aboitiz Equity Ventures Inc. reported a 135 surge in net income for the first three quarters of 2021 to P19.5 billion from the P8.3 billion recorded during the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said it recognized non-recurring gains of P83 million,...
Aboitiz Group, through its social development arm Aboitiz Foundation and AboitizPower subsidiary Hedcor and partners MayaniPH and ‘Save the Children’, has launched a collaborative initiative that targets to alleviate hunger among impoverished children while bringing sustainable livelihood to...
Aboitiz Equity Ventures (AEV) is selling a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower) to JERA Co. Inc., Japan’s largest power producer, for $1.146 billion in cash. In a disclosure to the Philippine Stock Exchange, AEV said the Aboitiz family’s privately held parent company...
The Aboitiz Group has joined the private sector-led national food security movement called Kain Tayo Pilipinas as part of its efforts to help make the Philippines more food secure and healthy. A statement showed that Aboitiz Group has recently joined Kain Tayo Pilipinas, which is one of the...
Aboitiz Equity Ventures Inc. (AEV) will fully redeem its outstanding Series B of its fixed-rate retail bonds issued in 2015 amounting to P8.47 billion, a year ahead of its 2022 maturity schedule. In a statement, the firm said that, in exercising its early redemption option, it will prepay the 2015...
The Aboitiz Group, through its corporate social responsibility arm Aboitiz Foundation and food unit Pilmico, committed to sustain farm livelihood projects for farmers and Indigenous Peoples (IPs) in Iligan, a move that will be supported through close coordination with local government unit (LGU)....
Aboitiz Equity Ventures Inc. has firmed up its plan to raise up to P10 billion through the issuance of bonds which have been given the highest triple-A rating by Philippine Rating Services Corporation (PhilRatings). PhilRatings said it has assigned an Issue Credit Rating of PRS Aaa, with a Stable...
The stock market is seen to continue to be weighed down by the country’s COVID situation while investors will also be taking cues from the April inflation figure and corporate earnings announcements. “Next week, we still see a downward bias for the local market as we expect clouded economic...
Aboitiz Equity Ventures Inc. recorded a 276 percent surge in consolidated net income to P7.6 billion for the first quarter of 2021 from the P2.0 billion reported in the same period in 2020. In a disclosure to the Philippine Stock Exchange, the firm said it recognized non-recurring losses of P219...
San Miguel Corporation (SMC) and Aboitiz Equity Ventures (AEV) are raising a combined P40 billion from the issuance of fixed-rate bonds shelf-registered with the Securities and Exchange Commission. In a disclosure to the Philippine Stock Exchange, SMC said it has filed with the SEC a...
Aboitiz Equity Ventures, Inc., together with its partners, has allotted P48 billion for capital expenditure (CAPEX) this year, 69 percent higher than the P29 billion spent in 2020. In a statement, AEV said it will continue to rise above the challenge brought about by the COVID-19 pandemic and...
The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corporation’s planned issuance of fixed-rate bonds worth up to P30 billion. The SEC said AboitizPower may issue the debt securities in one or more series within three years. For the first tranche, the listed...
