The Aboitiz Group’s investment arm Aboitiz Equity Ventures Inc. (AEV) reported a two percent dip in consolidated net income to P23.5 billion last year from the P24 billion earned in 2022 due to one-time gains. In a disclosure to the Philippine Stock Exchange (PSE), AEV said that, excluding...
Aboitiz Infracapital (AIC) has inaugurated the P12 billion Davao City Bulk Water Supply Project (DCBWSP), the largest of its kind in the country boasting a 300-million liters per day (MLD) water production capacity. In a statement, the firm said this transformative infrastructure project is the...
The Aboitiz Group was recognized by Corporate Governance Asia at the 12th Asian Excellence Awards for its achievements and excellence in management acumen, financial performance, corporate social responsibility, environmental practices, and investor relations. The theme for the ceremony was...
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...
Aboitiz Group Chief Executive Sabin M. Aboitiz has been tapped by President Marcos to organize and convene the Private Sector Advisory Council (PSAC). In a statement, the Aboitiz Group said the council is composed of business leaders and experts who will be supporting the government in meeting its...
The APEC Business Advisory Council’s (ABAC) Regional Economic Integration Working Group (REIWG) on Strengthening Services Trade and Investment will be conducting a public-private dialogue on July 12, The dialogue will feature global thought leaders who will exchange insights and best practices on...
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 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...
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...
Aboitiz Equity Ventures Inc. (AEV) and JERA Co. Inc. have finalized the Japanese firm’s acquisition of a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower), following the turnover of the $1.46 billion payment. This also comes after the fulfillment of several conditions, including a...
Promotes “shared value creation” as key to meaningful APEC prosperity Aboitiz Group President and Chief Executive Officer, Sabin M. Aboitiz (bottom right), joined senior business leaders at the virtual APEC CEO Summit 2021 Aboitiz Group President and Chief Executive Officer and ABAC PH Member,...
