Aboitiz Equity Ventures Inc. reported a 54 percent drop in consolidated net income to P3.9 billion for the first quarter of 2022 as against P8.6 billion earned during the corresponding period last year. In a disclosure to the Philippine Stock Exchange, the firm said it recognized non-recurring...
Aboitiz Equity Ventures Inc. (AEV) is increasing massively its capital expenditure budget by 152 percent to P69 billion this year as it focuses more on expanding its infrastructure business amid the reopening of the domestic economy. In a virtual press briefing, AEV Chief Finance Officer Manuel...
Aboitiz Construction projects in Taganito HPAL Nickel Corporation (THPAL) and Tecnimont and JGC Philippines Joint Ventures (TJJV) recently achieved 11 million safe man-hours without lost-time injury. 78026 In line with its commitment to promote safety culture, Aboitiz Construction achieved 8.3...
Advent Energy Inc., a retail electricity supplier (RES) business unit of Aboitiz Power Corporation, has signed up Vita Tropic Ice Company Inc., an ice manufacturing entity, as its first customer under the Green Energy Option Program (GEOP) of the government. The GEOP policy promotes that green...
Aboitiz Group, one of the country’s largest conglomerates, is increasing its capital expenditures by 152 percent to P69 billion this year from the P27 billion utilized in 2021. In a statement, the firm said on Friday, March 18, the substantial budget increase will be used to fund the growth plans...
media Aboitiz Construction clinched the deal to develop the second phase of affiliate LIMA Estate’s industrial land expansion in Lipa-Malvar, Batangas, the former announced March 7. The project, which will generate 22,000 job opportunities, covers 57 hectares and will be completed next year. It...
Aboitiz Group President and Chief Executive Officer (CEO) Sabin M. Aboitiz underscores that the Great Transformation focuses on “People” and everything else follows, during the Aboitiz Leaders Conference held virtually on February 10, 2022. Aboitiz Group leaders are taking on the responsibility...
The Aboitiz Group is undergoing what it calls a “Great Transformation” focusing on “high-potential growth initiatives” and a “renewed entrepreneurial mindset” to allow it to thrive in a new business landscape. This also involves the group’s continuous investment in the...
THANK YOU. Visayan Electric President and Chief Operating Officer, Raul Lucero (5th from left), and AboitizPower Distribution Utilities Chief Operating Officer, Anton Mari Perdices (7th from left), receive a plaque of appreciation and Cebu cinnamon tree sapling from Gov. Gwendolyn Garcia (6th from...
Committed to living out its #OneAboitizSustainability Framework, the Aboitiz Group completed its efforts in the wetland protection and rehabilitation of the Boracay Wetland No. 4. Conceived as a joint project with the Department of Environment and Natural Resources (DENR), Aboitiz is ready to turn...
From top left: Austal Philippines’s FSTR Ferry in Cebu; Oleochemical plant in Misamis Oriental; Sarangani Power Plant in Sarangani Province; and Davao International Container Terminal in Davao del Norte. Bigger projects underway this 2022 In 2021, Aboitiz Construction, Inc. (ACI) implemented...
The Department of Agriculture (DA) has forged partnerships with the Aboitiz Foundation Inc. and Pilmico Foods Corporation (Aboitiz and Pilmico), TriMerA Integrated Farm (TriMerA), and the SM Supermalls to secure the country's food supply and production. Department of Agriculture (DA) Secretary...
