Aboitiz unit gets tax perks
By Paolo G. MontecilloThe government has approved tax perks for the Aboitiz group’s Tudaya 1 Hydroelectric power plant that aims to help augment Mindanao’s power supply.
The government has approved tax perks for the Aboitiz group’s Tudaya 1 Hydroelectric power plant that aims to help augment Mindanao’s power supply.
Optimism is soaring that the Philippines is finally becoming an Asian tiger economy, but critics caution a tiny elite that has long dominated is amassing most of the new wealth while the poor miss out.
Uh-oh, the Ayala and Aboitiz groups are trying to get rid of one of their competitors in the bidding for the P10-billion government contract to build and operate the airport terminal in Cebu.
THE AYALA and Aboitiz groups have teamed up with US-based global airport operator ADC & HAS Airports Corp. to boost their bid for the P10-billion Mactan-Cebu International Airport terminal rehabilitation project under the government’s Public Private Partnership (PPP) program.
Aboitiz-led Union Bank of the Philippines grew its January-to-September net profit by 16.8 percent to P6.31 billion year-on-year on higher interest earnings and trading gains early in the year.
The conglomerate Aboitiz Equity Ventures Inc. is diversifying into the real estate business with the acquisition of the privately held Cebu property arm of the controlling Aboitiz family.
Aboitiz Power Corp. is spending as much as P170 billion over the next several years to put up new power projects and rehabilitate existing facilities to maximize capacities and improve reliability—a move that is expected to shore up the available power supply across the country.
Aboitiz Power Corp. (APC) will transfer to Mindanao one of its four barge-mounted floating power plants currently moored at the Fishport Complex in Navotas City, to help address a power supply crunch on the island expected next year. Aboitiz Power, through its wholly owned subsidiary Therma Marine Inc., will transfer the power barge by June [...]
Aboitiz Power Corp. has secured an environmental compliance certificate for its P25-billion coal-fired power project in Davao—a document that will allow it to proceed with the construction of the 300-megawatt facility. In a statement, APC said the certificate, which was issued to its subsidiary Therma South earlier this month, was proof that it had complied [...]
Aboitiz Power Corp. is prepared to help address the looming power shortfall in Mindanao by putting up a 300-megawatt (MW) clean coal-fired power plant and seven new hydropower facilities that can generate a combined 68 MW. “Government and independent think tank project that the power shortage by year 2014 will be 484 MW. That means [...]
A consortium composed of power distributor Manila Electric Co., Aboitiz Power Corp. and Taiwan Cogeneration Corp. is investing $1.28 billion (roughly P55 billion) to put up a 600-megawatt, clean coal-fired power plant within the Subic Bay freeport zone.
THE DAVAO City Council has finally endorsed the P25-billion 300-megawatt coal-fired power plant of the Aboitiz-led Therma South Inc., as local officials stressed the need to have a reliable source of electricity in the brownout-stricken province. In securing the local government’s endorsement, Aboitiz Power Corp. (APC) effectively hurdled one of the biggest challenges faced by [...]
