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Aboitiz pioneers biogas-for-transport venture in PH


Aseagas Corp. of the Aboitiz Group is investing $50 million in a biogas plant targeting the emerging gas-run transport sector that is centered on large fleets of heavy vehicles.

Posted: March 26th, 2014 in Latest Business Stories | Read More »

Aboitiz conglomerate 2013 net income down by 12%

Screengrab from http://www.aboitiz.com/txoko/index.php?p=18

Aboitiz Equity Ventures Inc. suffered a 12-percent decline in 2013 net profit to P21 billion as earnings were weighed down by non-recurring losses from the revaluation of US dollar liabilities and other placements.

Posted: March 12th, 2014 in Latest Business Stories | Read More »

Stocks down on profit-taking

The local stock barometer slipped on profit-taking but stayed afloat the 6,400-mark yesterday.

Posted: March 4th, 2014 in Headlines | Read More »

Aboitiz buys out Marubeni stake in Batangas industrial park


The Aboitiz group has taken full control of the 485-hectare LiMA Technology Center in Batangas by buying out the 40 percent stake held by the Japanese company Marubeni Corp.

Posted: February 21st, 2014 in Latest Business Stories | Read More »

Ayalas, Aboitizes to start 15-ha city center in Cebu


The Ayala and Aboitiz groups have signed a deal to develop a 15-hectare city center in Subangdaku, Mandaue City in Metropolitan Cebu, solidifying their partnership in the property business.

Posted: January 26th, 2014 in Editor's Pick,Headlines | Read More »

Union Bank to retire P3.75B debt notes


Aboitiz-led Union Bank of the Philippines is set to retire P3.75-billion worth of debt notes previously qualifying as supplementary or tier 2 capital under the expiring Basel 2 capital adequacy framework.

Posted: November 26th, 2013 in Latest Business Stories | Read More »

Aboitiz reports 8% decline in net income

City Savings Bank Inc. CONTRIBUTED PHOTO/www.aboitiz.com

Aboitiz Equity Ventures reported Wednesday it had a net income of P16.6 billion during the first nine months of the year, or a decline of 8 percent from a year ago due to foreign-exchange losses and a non-recurring loss booked by its flagship power unit from the pre-termination of a loan.

Posted: October 30th, 2013 in Latest Business Stories | Read More »

Aboitiz unit eyes deal with PGPC on Tiwi-Makban by end of 2013


Aboitiz Power Corp. subsidiary AP Renewables Inc. (APRI) aims to finally sign an agreement with Chevron- and Sy-led Philippine Geothermal Production Co. Inc. (PGPC) on a general program for drilling new wells to boost steam feeding into the 400-megawatt Tiwi-Makban plants.

Posted: September 15th, 2013 in Editor's Pick,Headlines | Read More »

Aboitiz group opens Cleanergy center

INTERACTIVE displays are available throughout the center.

Education figures prominently in the foundation work of the Aboitiz group.

Posted: September 15th, 2013 in Headlines | Read More »

Aboitiz unit eyes PSALM power barges


Aboitiz Power is mulling over plans to bid for power barges to be auctioned off by state-run Power Sector Assets and Liabilities Management (PSALM) Corp.

Posted: July 20th, 2013 in Headlines | Read More »

Aboitiz unit gets tax perks


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.

Posted: April 12th, 2013 in Headlines | Read More »

Philippines’ elite swallow country’s new wealth

world bank

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.

Posted: March 3rd, 2013 in Latest Business Stories | Read More »



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