Aboitiz Power Corporation’s proposed P12-billion bond issuance has been assigned the highest Issue Credit Rating of PRS Aaa, with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings). The AboitizPower bonds have a base issue size of up to P6.0 billion, with an oversubscription...
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...
Aboitiz Construction, Inc. (ACI) is implementing its ‘Big Shift Strategy’ this 2021 to secure more projects and boost its finances. cropped-45th-Anniversary-CoBranding-Logo “Despite the challenges, our Big Shift strategy is materializing to create long term value for our stakeholders,” said...
The Aboitiz Group has ramped up the vaccination of its team members, amid the surge of the highly transmissible Delta variant in the country, to fulfill its commitment to prioritize their health and safety while ensuring continued operations to keep the economy running towards a “better...
The Aboitiz Group has partnered with the Department of Agriculture (DA) for a nationwide mentoring program that targets to help agriculture-related small and medium enterprises (SMEs) become digital. (Photo courtesy of the Department of Agriculture) In partnership with DA, the Aboitiz Group...
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...
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...
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)....
Industry thought leaders called for urgent coordinated policy reforms and new development strategies to strengthen the country’s competitiveness through trade and investments. Former BSP Deputy Governor for Monetary and Economics Sector Diwa C. Guinigundo in his keynote address at the recent...
Despite the tight supply situation in the Luzon grid, plant owner and operator Hedcor Inc. opted to shut down its 70-megawatt Bakun hydropower facility as the host-community ignored an earlier letter from the Department of Energy (DOE) instructing the power firm to continue the operation of its...
Threat of closure of the three generating units of the 70-megawatt Bakun hydropower facility in Benguet province is seen causing ‘added stress’ on Luzon grid power supply, which is already treading on ‘tight margins’ because of forced outages predicaments of some plants. On that premise,...
