In the bid of President Marcos for secure and reliable power supply in the country as he declared in his State of the Nation Address (SONA), leading player Aboitiz Power Corporation forthrightly stated that it will opt for a mix of conventional generating assets, renewable energy (RE) and the...
Aboitiz Power Corporation reported a four percent dip in net income to P17.1 billion in the first half of 2024 from the P17.8 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the decline in profit is due to the recognition of...
Aboitiz Power Corporation subsidiary Therma Luzon Inc. (TLI) has entered 17 Corporate Social Responsibility (CSR) projects for communities inside its host province of Quezon and host Municipality of Pagbilao, in cooperation with various project partners and beneficiaries. AboitizPower...
Hedcor, an Aboitiz Power Corp. renewable energy subsidiary, released P3.2-million worth of community shares and Energy Regulations No. 1-94 (ER 1-94) funds to Manolo Fortich, Bukidnon. MANOLO Fortich Mayor Rogelio N. Quiño receives the municipality’s community shares from Hedcor represented by...
The municipality of Impasugong, Bukidnon received rainwater harvesting tanks from Hedcor, an Aboitiz Power Corp. subsidiary, and Aboitiz Foundation Inc. to help provide water to the community during the dry season. IMPASUGONG Municipal Disaster Risk Reduction and Management Office Head...
Gold Coin China, a subsidiary of the Aboitiz-led Pilmico and Gold Coin group, increased capacity with the completion of its new $23.1 million feed mill in Yunnan, China. In a statement, Pilimico parent company Aboitiz Equity Ventures said this feedmill is currently the largest comprehensive...
The confiscated drugs from the arrested suspects (Photo from Parañaque police) A child in conflict with the law (CICL) who was tagged as a high value individual (HVI) and two others were arrested during a buy-bust operation in Parañaque City on Saturday, July 6. Parañaque City Police Chief...
While accustomed to a life on the move below water, female sea turtles use their geomagnetic abilities, or an internal GPS, to return to their place of birth and lay their own eggs. At the same time, way above, migratory birds also possess their own inner compass, which guide them in moving from...
Aboitiz-led Union Bank of the Philippines (UnionBank) announced that its Senior Executive Vice President Ana Maria Aboitiz Delgado will take the helm of the bank next year from current President and CEO Edwin R. Bautista who had been asked to extend his term in 2022. In a disclosure to the...
Aboitiz InfraCapital (AIC) Estate Water has launched its pilot solar deep well program in West Cebu Estate, an AIC Economic Estate. In a statement on Monday, June 24, the firm said this initiative transitions the deep well facility of West Cebu Estate to a fully off-grid, solar-powered system. The...
The Philippine Electricity Market Corporation (PEMC), which serves as the governance body of the Wholesale Electricity Spot Market (WESM), has elected its new set of board of directors and officers that will help oversee the operations of the country’s power spot market. The reconstituted board...
A new transfer service system in the Mactan-Cebu International Airport (MCIA) called “Cebu Connect” aims to cut layover time from an hour to 30 minutes or less. This project was part of MCIA’s operator Aboitiz InfraCapital GMR Megawide Cebu Airport Corporation (AGMCAC) plan to boost tourism...
