MANILA, Philippines—Union Bank of the Philippines is set to buy 32-branch thrift bank City Savings Bank, marking a consolidation of the banking interests of the Aboitiz group. In a joint statement, Union Bank and parent conglomerate Aboitiz Equity Ventures announced the acquisition by the former of 99.54 percent of CitySavings for about P5.7 billion. [...]
The Aboitiz group is keen on bidding for airport terminal and water infrastructure projects under the government’s public-private partnership (PPP) framework as part of its growth roadmap outside of power generation.
Remember: You’ll be left with an empty feeling if you hit the finish line alone. But when you run a race as a team, you’ll discover that much of the reward comes from hitting the tape together. You want to be surrounded not just by cheering onlookers but by a crowd of winners, celebrating as one.
Tollroad industry veteran Jennifer Bote has resigned as president of Public Estates Authority Tollway Corp. (PEATC), the operator of the Manila Cavite Toll Expressway Project—more commonly known as the Coastal Road.
The profitable Aboitiz group of companies has the freedom to put its funds in any project, in any field and in any province. But as far as the sprawling conglomerate is concerned, investments in education provide the highest returns. This is why the Aboitiz group, through Aboitiz Foundation Inc., has committed to devote about half [...]
