Pilmico Foods Corp., a subsidiary of Aboitiz Equity Ventures, Inc. (AEV), said it will ensure the efficient and fast delivery of quality meat under its ‘The Good Meat’ brand especially during the enhanced community quarantine (ECQ) within Metro Manila and nearby areas. In a statement, Pilmico...
The joint venture of Norwegian firm SN Power and Aboitiz Power Corporation would be stepping back on the implementation of the proposed $1.0 billion Alimit hydropower project due to remaining permitting concern that has yet to be resolved with the host community as well as on the grid connection of...
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...
Owing it to the overall downtrend in demand last year, the core net income of listed firm Aboitiz Power Corporation dropped 27-percent last year to P12.6 billion from a relatively flourishing bottom line of P17.3 billion in 2019. The company stated that it booked leaner non-recurring net gains of...
Present at the LIMA Locators’ Appreciation event were representatives of LIMA Technology Center locators, Aboitiz InfraCapital President and CEO Cosette Canilao (bottom row, rightmost), and First Vice President for Aboitiz Integrated Economic Centers Rafael Fernandez de Mesa (bottom row, fourth...
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 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...
One generating unit of the 632-megawatt GNPower Mariveles Center Ltd. Co. (GMEC) coal-fired plant of the Aboitiz-Ayala joint venture suffered ‘forced outage’ due to technical glitch in its boiler. In a disclosure to the Philippine Stock Exchange, Aboitiz Power Corporation indicated that unit 1...
By procuring clean energy supply from the ‘Cleanergy’ portfolio of Aboitiz Power Corporation, leading green office developer NEO clinched its ‘net zero carbon’ goal; and its buildings bagged 5-star certifications under the “Advancing Net Zero Philippines (ANZ/PH) program”, an entity...
Despite the existing threat of African Swine Fever (ASF), which has been pulling down the country’s pork supply, Pilmico Foods Corp., the food unit of listed conglomerate Aboitiz Equity Ventures Inc. (AEV), is still looking to increase its hog production. Pilmico said in a statement that it...
The country’s power system may have suffered drawbacks last year because of the pandemic, but Hedcor Inc, the hydropower subsidiary of Aboitiz Power Corporation, had beaten the odds and it instead log improvements on its overall operations. In a statement to the media, the Aboitiz firm reported...
The high cost of advanced metering infrastructure (AMI) technology has been hobbling targets of massive rollout of smart meters in the country, because many Filipino consumers would not be able to afford any abrupt technology shift. According to Jaime Jose Aboitiz, executive vice president and...
