The Energy Regulatory Commission (ERC) will review the market share limitation of battery energy storage system (BESS) given its current classification as a "generation" capacity based on the prevailing policy by the Department of Energy. ERC Chairperson Monalisa C. Dimalanta said “that’s being...
Aboitiz InfraCapital, a unit of Aboitiz Equity Ventures, has tapped NOW Corporation to provide broadband internet services in its LIMA Estate in Batangas. In a disclosure to the Philippine Stock Exchange, NOW said it has established a multi-year collaboration agreement with Aboitiz's LIMA Land,...
Renewable energy can be transformative. A robust and sustainable energy system can be among the ways to mitigate the impact of climate change, contribute to energy security, and support efforts for energy accessibility. It also provides opportunities for investments and economic growth, which are...
Aboitiz Infra Capital, the infrastructure arm of the Aboitiz Group, is investing about P2 billion to expand its economic estates, primarily for its Lima Estate in Lipa and Malvar, Batangas. Aboitiz InfraCapital First Vice President Rafael Fernandez de Mesa said during the Laging Handa Public...
The Securities and Exchange Commission (SEC) has approved the bond offerings of San Miguel Corporation (SMC) and Aboitiz Equity Ventures, Inc. (AEV) that will raise up to P90 billion for the two firms. The Commission En Banc resolved to render effective the registration statement of SMC for up to...
Aboitiz Equity Ventures Inc., the investment arm of the Aboitiz family, is planning to raise up to P20 billion from a proposed bond issue with a base amount of up to P8 billion, with an oversubscription option of up to P12 billion. The issuance will come from the Company’s fourth and final...
Aboitiz Group President and CEO and APEC Business Advisory Council (ABAC) Philippines’ member Sabin Aboitiz underscored the importance of workers calling them the “heart and soul” of economies at the opening of ABAC-APEC Summit meetings in Bangkok on Monday, Nov. 14. As Co-Chair of the ABAC...
Local business leaders and members of the Asia Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) Philippines will participate in the ABAC-APEC Summit Meetings from Nov. 14-18 in Bangkok. Aboitiz Group President and CEO Sabin Aboitiz, who is ABAC Regional Economic Integration...
BAGUIO CITY -- Aboitiz Foundation, the corporate social responsibility arm of the Aboitiz Group, and Aboitiz Power’s subsidiary Hedcor, Inc., donated fuel and water filters in areas affected by the 7.0–magnitude earthquake that hit Northern Luzon on July 27. Photo via Zaldy Comanda A total of...
With cloud computing, AI-powered assistants, Internet of Things (IoT, like smart TVs, speakers, and lights) and other innovations becoming more common and prevalent in our lives, companies are also constantly pushing the boundaries of what data science and artificial intelligence (DSAI) can do to...
SM Prime Holdings, Inc. (SM Prime), one of the leading property developers in Southeast Asia, has secured a long-term deal with Aboitiz Power Corporation for Cleanergy supply. In a statement, SM Prime said the deal paves the way in achieving its goal of increasing its renewable energy portfolio to...
Aboitiz Equity Ventures Inc. reported a 12 percent dip in consolidated net income to P11.8 billion in the first half of 2022 from the P13.5 billion recorded during the same period last year. In a disclosure to the Philippine Stock Exchange, AEV said it recognized non-recurring gains of P2.7...
