With more Business Process Outsorcing (BPO) companies dispersing outside Metro Manila, Aboitiz-owned LIMA Land, Inc. is building a seven-tower office complex in its 30-hectare commercial zone to cope with the demand. The first structure of the complex, LIMA Tower One, will break ground later this...
The Aboitiz Group, together with a coalition of public-private sector partners under the Taskforce T3 (test, trace, treat), has pledged support to the government’s efforts to initiate the vaccination of the A4 priority sector. The commitment was formalized on June 7 through a hybrid event held...
Aboitiz Construction on Wednesday, (May 26) announced it has finished the design and construction of Berth no. 4 for Davao International Container Terminal (DICT) in Panabo City, Davao del Norte. Â Â The DICT is one of the most modern ports in the country and the project is an extension of...
Aboitiz Equity Ventures, Inc. (AEV) reported that its Board of Directors has approved the extension of Sabin M. Aboitiz’s term as Group President and CEO by three years. In a disclosure to the Philippine Stock Exchange, the firm said Aboitiz’s retirement will be moved to December 31, 2027 from...
The Aboitiz Group venturing into the data science and artificial intelligence (DSAI) space with the launch of its new subsidiary Aboitiz Data Innovation or ADI. By design, ADI will consolidate the DSAI operating model across the Group and promote a data-driven culture across the organization. Its...
The Tiwi and Makiling-Bahanaw geothermal plants have started supplying the electricity requirements of American financial services company Wells Fargo through the retail electricity supplier (RES) agreement that the parties have entered into. Wells Fargo Philippines, McKinley Hill, Bonifacio Global...
The Aboitiz Group has pledged to continue supporting the Philippine government in terms of addressing hunger and malnutrition as part of its corporate social responsibility (CSR) efforts. In a statement, Aboitiz Group said it believes collaborating with the government in its effort to combat hunger...
Lima Land Inc. will develop over 100 hectares of its existing 700-hectare property in the next two years to accommodate more industrial locators for its Lima Estate where new locators are expected to generate 20,000 jobs in Batangas and neighboring provinces. In a statement, Lima Land of the...
Japanese firm Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, has cornered the contract for the upgrade of the 458-megawatt Makiling-Banahaw geothermal power facility that is owned and operated by AP Renewables Inc. (APRI) of the Aboitiz group. Under the deal, Mitsubishi...
Energy Secretary Alfonso G. Cusi defended the seemingly ‘negligible’ $50 million capital requirement for foreign firms entering the Philippine geothermal sector saying the figure was the scale determined by the government for prospective investment areas on offer....
American-owned shipbuilder Advanced Catamaran Composites (ACC) Inc. is investing in the expanding West Cebu Industrial Park (WCIP), cementing Cebu’s claim as the shipbuilding capital of the Philippines having three shipbuilder locators to date. Eduardo Aboitiz, Vice President for Business...
The APEC Business Advisory Council (ABAC) Philippines has urged the 21-member countries of the Asia Pacific Economic Cooperation to accelerate cooperation leveraging digital technologies to overcome further decline as economies continue to battle the impact of the pandemic. In a recent virtual ABAC...
