With depressed power demand because of the niggling impact of the coronavirus pandemic, the consolidated net income of Aboitiz Power Corporation had dipped 32-percent to P3.3 billion in this year’s third quarter versus P4.8 billion in the same period in 2019. In the nine-month duration, the...
American-owned shipbuilder Advanced Catamaran Composites (ACC) Inc. is investing in the expanding West Cebu Industrial Park (WCIP), cementing Cebu’s claim as the shipbuilding capital of the Philippines having three shipbuilder locators to date. Eduardo Aboitiz, Vice President for Business...
Globe Telecom, Inc. and Dito Telecommunity Corporation have partnered with Aboitiz InfraCapital, Inc. for small cell deployment to boost network capacity and coverage. The Aboitiz Group’s infrastructure arm expects more business within the next two years as telcos prepare for 5G...
The APEC Business Advisory Council (ABAC) Philippines has urged the 21-member countries of the Asia Pacific Economic Cooperation to accelerate cooperation leveraging digital technologies to overcome further decline as economies continue to battle the impact of the pandemic. In a recent virtual ABAC...
Aboitiz Power Corporation has renewed its power supply agreement (PSA) with First Bay Power Corporation (FBC), to fulfill the latter’s procurement of 10 megawatts of its power requirements as stipulated in the deal. The source of the power supply to be delivered to FBPC’s network will be from...
Aboitiz Equity Ventures, Inc. is planning to raise up to P10 billion from a proposed bond issue as part of its three-year shelf registration program amounting to P30 billion. The planned offering will have a base issue size of up to P5 billion, with an oversubscription option of up...
Aboitiz Power Corporation is now ahead of the race, having cemented itself as the top power generator in the country with total national installed capacity of 4,973.435 megawatts, according to a report by the Department of Energy. The Aboitiz firm eclipsed SMC Global Power Corporation of the San...
