Regulators have given the green light to an alliance between a trio of Philippine energy giants, granting them control over the integrated liquefied natural gas (LNG) project in Batangas province. The Philippine Competition Commission (PCC) announced on Monday. Dec. 23, it approved a joint...
The Private Sector Advisory Council (PSAC) applauded the signing into law of a measure granting value-added tax (VAT) refunds to non-resident tourists. In a statement, Sabin Aboitiz, PSAC lead convenor and Aboitiz Group president and chief executive officer, said the new law, a key council...
Private Sector Advisory Council (PSAC) lead convenor Sabin Aboitiz welcomed President Marcos' recent order to the Bureau of Customs (BOC) and the Department of Agriculture) to ensure 24/7 uninterrupted shipment processes , saying this will result in substantial improvement in the country's economic...
The Private Sector Advisory Council (PSAC) has expressed its full support to President Marcos for his visionary approach to fostering economic growth, particularly his commitment to attracting investments, enhancing the skills of Filipino workers, and embracing new technologies. Sabin Aboitiz, Lead...
Transition financing for nuclear tech in PH sought By MYRNA M. VELASCO For nuclear power developments to take off in the country, private sector players are batting for transition financing or loan guarantees on top of the other set of incentives and a firm policy and regulatory frameworks for the...
DAVOS, Switzerland — Two of the Philippines' top business tycoons agreed that President Ferdinand "Bongbong" Marcos Jr. has been successfully showcasing the Philippines on the global stage at the ongoing World Economic Forum (WEF) here. President Ferdinand 'Bongbong' Marcos Jr. meets...
ZURICH, Switzerland — President Ferdinand "Bongbong" Marcos Jr.'s participation in the annual World Economic Forum (WEF) has gotten the backing of seven of the country's most prominent businessmen, Malacañang said. Aboitiz President and CEO Sabin Aboitiz speaks at the luncheon with...
Filipino CEOs highlighted the opportunities and strength of the Philippines and the domestic economy as the main reason the country is being dubbed as the “next best thing in Asia.” At the 55th Annual Dialogues Summit of the Pacific Basin Economic Council (PBEC), Aboitiz Group President and...
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...
Aboitiz Equity Ventures, Inc. (AEV) reported that its Board of Directors has approved the extension of Sabin M. Aboitiz’s term as Group President and CEO by three years. In a disclosure to the Philippine Stock Exchange, the firm said Aboitiz’s retirement will be moved to December 31, 2027 from...
Aboitiz Equity Ventures Inc. recorded a 276 percent surge in consolidated net income to P7.6 billion for the first quarter of 2021 from the P2.0 billion reported in the same period in 2020. In a disclosure to the Philippine Stock Exchange, the firm said it recognized non-recurring losses of P219...
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...
