Aboitiz
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LOOK: First half core profit of Meralco and AboitizPower

Aug 04, 2017 - 7:33 PM

Meralco s core net income slightly declines to P10 1 billion in the first half of 2017 while that of AboitizPower slightly increases to P10 5 billion

DRIVERS. Meralco's core net income declines due to lower retail revenues while AboitizPower's core net income increases on the back of new power plants. File photo

Aboitiz consolidates water utility, infrastructure investments

Aug 03, 2017 - 5:05 PM

This comes after Aboitiz InfraCapital bought an 11 14 stake in Balibago Waterworks System for P275 million

ONE BAG. 'These steps are key for [Aboitiz InfraCapital] to achieve its goal of building franchises across the entire water value chain,' Erramon Aboitiz says. Photo from http://aboitizeyes.aboitiz.com/

What's The Big Idea? Weather Philippines: Private sector fills information gap

Jul 27, 2017 - 6:33 PM

Weather Philippines Foundation has more than 800 automated weather stations around the country generating localized data to help with disaster preparedness

Proposed SEC rule to hit San Miguel, PAL Holdings, Andrew Tan firms

Jun 17, 2017 - 10:49 AM

About 68 listed Philippine firms including 4 Andrew Tan led businesses will need to sell more shares to the public if SEC hikes the minimum public float to 20

RAISE. The SEC proposed to double the minimum public float level to 20% by July 1, 2017.

Eton taps Aboitiz for power supply

Jun 11, 2017 - 11:40 PM

Under the agreement Eton Properties will be sourcing 5 2 MW from the MakBan Geothermal Power Plant in Batangas

ENVIRONMENT FRIENDLY. The real estate developer is creating more office spaces that are environment-friendly to optimize the continuous growth of the business process outsourcing (BPO) industry

8 Philippine companies among world's largest listed firms

May 25, 2017 - 8:00 PM

SMIC BDO JG Summit Ayala Top Frontier Metrobank Aboitiz and Meralco – with a combined market value of 72 4 billion – make it to Forbes 2017 Global 2000 list

LISTED. 8 Philippine companies were included in the Forbes' list of 2000 largest public companies in 2017.

Aboitiz group to pour $300 million into cement business

May 15, 2017 - 6:44 PM

Republic Cement Building Materials Incorporated is riding on the national government s aggressive infrastructure spending of about P8 trillion until 2022

2ND LARGEST PRODUCER. This is Republic Cement's plant in Barrio Bigte, Norzagaray, Bulacan. Image from Republic Cement website

WATCH: Inside AboitizPower's coal-fired power plant in Mindanao

May 15, 2017 - 4:46 PM

Mindanao s leading power generator talks about its adoption of clean coal technologies

#ThewRap: Videos you need to watch this week, May 8-14, 2017

May 14, 2017 - 2:29 PM

Must watch videos from this week

RAFI names new president, chairman

May 11, 2017 - 6:28 PM

Jon Ramon replaces his younger brother Roberto Aboitiz

Rappler Talk: AboitizPower on diversifying energy sources and the power situation in Mindanao

May 10, 2017 - 8:20 PM

Mindanao now has an oversupply of power according to Sebastian Lacson COO of AboitizPower Coal Group

Gov't, private sector team up to help Mindanao tribe earn a living

May 06, 2017 - 4:00 PM

The Department of Trade and Industry and the Aboitiz Foundation work together with the Matigsalug tribe of Mindanao to help them earn a living through their own products

MATIGSALUG. Members of the Matigsalug tribe from Mindanao share their experiences during a visit on Friday, May 5.

12 ASEAN brands that have gone global

Apr 24, 2017 - 10:00 AM

Some familiar brands in the Southeast Asian region are making their mark around the world

GOING GLOBAL. Take a look at some the regional brands that now have a global presence.

Roberto Aboitiz dies at 67

Apr 13, 2017 - 5:31 PM

He had served as president of the Ramon Aboitiz Foundation Incorporated since 1986 and co chaired the Metro Cebu Development and Coordinating Board

PASSED AWAY. Roberto Eduardo 'Bobby' M. Aboitiz was 67. Photo from Aboitiz group

AboitizPower explores Myanmar, Indonesia amid PH power oversupply

Mar 15, 2017 - 7:15 PM

With the current situation the Philippines second largest power producer by capacity says local firms can only grow by expanding outside the country or buying out competitors

GROWTH OPPORTUNITIES. AboitizPower is doing feasibility studies in Myanmar and Indonesia for possible hydropower projects. Rappler file photo

AboitizPower exits geothermal exploration in Indonesia

Jan 31, 2017 - 4:38 PM

Aboitiz says it will step aside to allow its partner PT Medco Power Indonesia to proceed with the exploration and development of a potential geothermal power plant in Ijen East Java Province

WITHDRAW PLANS. Aboitiz steps aside to allow its partner, PT Medco Power Indonesia, to proceed with the exploration and development of a potential 2x55-megawatt (MW) geothermal power plant in Ijen, East Java Province. Rappler file photo

Alvarez slams bidding process of 5 PPP regional airport deals

Jan 27, 2017 - 7:26 PM

Speaker Pantaleon Alvarez says the operations and maintenance scheme to be implemented for the 5 airports may unnecessarily tie the government s hands

QUESTIONING THE DOTR. Speaker Pantaleon Alvarez continues criticizing the moves of the Department of Transportation.

1st PPP rolled out under Duterte: 5 regional airports

Jan 24, 2017 - 2:49 PM

Even if these regional airport PPP deals were unbundled they continue to lure big investors

1ST PPP CALL. These 5 airport PPP deals – cumulatively worth some P108.9 billion – were previously rolled out under the administration of former president Benigno Aquino III. Rappler file photo

SC orders awarding of Naga Power Plant to Aboitiz's Therma Power

Oct 13, 2016 - 6:45 PM

A high court ruling gives the operation and ownership contract of the Naga Power Plant Complex to AboitizPower s Therma Power Visayas Incorporated

COURT RULING. The high court upholds the validity of PSALM’s public bidding of the Naga Power Plant in Cebu, which was then awarded to Aboitiz Power’s Therma Power Visayas Incorporated. Rappler file photo

Henry Sy still PH's richest man for 9th straight year – Forbes

Aug 25, 2016 - 1:35 PM

The biggest gainer on the list of richest Filipinos percentage wise is Edgar Sia II

DOE chief Cusi: Arroyo, Aboitiz have nothing to do with my post

Jul 04, 2016 - 5:10 PM

Cusi says his capabilities as new DOE chief are not defined by his friendship with the Arroyos and his former post at Aboitiz Shipping

COMPETITORS. 'Let us put it this way: They are my competitors. I have been out of Aboitiz since 1990. I have been on my own business since 1991,' New DOE chief Alfonso Cusi says. Photo by Chrisee Dela Paz/Rappler

AboitizPower eyes Chevron's PH, Indonesian geothermal assets

May 16, 2016 - 7:00 PM

These assets which could be for sale next year include one of the world s largest geothermal operations

Apply now: 11th Aboitiz Future Leaders Business Summit

May 05, 2016 - 6:29 PM

PRESS RELEASE College students are encouraged to apply for this 3 day summit to develop their leadership skills

MPIC to rival Ayala for North-South Railway deal

Apr 11, 2016 - 2:46 PM

MPIC will compete head to head with the Ayala Aboitiz partnership for the most expensive public private partnership to date: a 3 78 B railway

RIVALS. Ayala and Metro Pacific will be rivals in the bidding for the most expensive PPP project so far

Failed bidding: No takers for Laguna Lakeshore Expressway Dike

Mar 28, 2016 - 4:25 PM

3rd UPDATE Team Trident San Miguel and Malaysia s Alloy MTD do not submit offers for the country s most complicated public private partnership deal to date

NO TAKERS. The Laguna Lakeshore Expressway Dike deal is the 'most complicated' public-private partnership (PPP) project to date. Image from DPWH website

Aboitiz opens applications for 2016 college scholarship programs

Feb 04, 2016 - 1:49 PM

Students interested in receiving a college scholarship are invited to apply for the Aboitiz College Scholarship Program

Green Fashion Revolution 2016 comes to Manila

Feb 01, 2016 - 12:28 PM

The fashion competition challenges students to create clothing footwear and accessories which make use of recycled materials

Aboitiz-supported scholars receive recognition for excellence

Jan 13, 2016 - 11:58 AM

Press Release: Two young scholars use the opportunities given to them to excel in academics and beyond

EXCELLENCE. Adriel Sanchez and Armand Canoy, both Aboitiz scholars, receive recognition for their academic achievements. Image courtesy of the Aboitiz Group

New 300-MW power plant in Mindanao 'not enough'

Jan 09, 2016 - 1:27 PM

A sister company of AboitizPower s Therma South Incorporated says Mindanao needs at least 300 megawatts of new power capacity annually for the next 5 years to address the power deficit

INAUGURATION. The first of the two 150-MW AboitizPower Davao baseload power plants started commercial operations in September 2015. The second unit is undergoing reliability tests and will be in full commercial operations by February 2016. Photo courtesy of AboitizPower

Aquino inaugurates AboitizPower’s P35-B Davao baseload power plant

Jan 08, 2016 - 4:26 PM

President Aquino says while he is an advocate of developing renewable energy right now we cannot wean ourselves completely from relying on coal

INAUGURATION. The first of the two 150-MW AboitizPower Davao baseload power plants started commercial operations in September 2015. The second unit is undergoing reliability tests and will be in full commercial operations by February 2016. Photo courtesy of AboitizPower

'NIA, not Aboitiz, to blame for Cagayan Valley floods'

Jan 04, 2016 - 5:03 PM

The irrigation agency is facing legal action over the release of water from Magat Dam which caused flooding

SUBMERGED. Flood waters submerge a low-lying area of Tuguegarao City. Photo by Maila Que

Cagayan priest to sue Magat Dam operator over floods

Dec 22, 2015 - 4:50 PM

UPDATED The priest says that when SN Aboitiz Power Group released water from Magat Dam at the height of Typhoon Nona Melor it caused head high floods and damaged crops

AboitizPower unit taps P3.7B loan for solar energy project

Dec 11, 2015 - 4:27 PM

Loan proceeds will be used for SACASUN s 59MW solar photovoltaic power generation facility in San Carlos City Negros Occidental

DEAL. AboitizPower and SunEdison’s join together for their first solar power project since they struck a deal in November 2014 to explore, develop, construct, and operate up to 300 MW of utility-scale solar photovoltaic power generation projects in the Philippines over the next 3 years.

More IPOs before 2015 ends – PSE

Nov 26, 2015 - 2:16 PM

It has been a year of highs and lows for the local bourse which started the year in record breaking fashion before global instability pulled the index back

Students learn how to lead with purpose and passion from industry execs

Nov 11, 2015 - 7:35 AM

Student leaders from across the country participate in the 10th Aboitiz Future Leaders Business Summit AFLBS held from November 5 to 8 in Cebu

Meralco: Competitive Selection Process will hurt consumers

Nov 02, 2015 - 6:00 AM

The policy is illogical and not in consumers interest as it gives gencos the power to dictate prices says the head of the distribution utility Manuel Pangilinan

ASEAN integration: PH energy sector OK, sugarcane industry in trouble

Oct 22, 2015 - 8:31 PM

The energy sector stands to benefit from the integration while the sugarcane industry is seen to be adversely affected a former energy undersecretary and lawyer says

LEGAL EAGLES. Experts discuss the legal procedures to merging as well as as the new business environment that regional integration will bring at the Philippine Corporate Mergers: "Developing a scenario for ASEAN entry and competitiveness" forum held at AIM on October 22, 2015 (seated from left: former Energy Undersecretary Jose Layug, PCCI's George Barcelon, and SEC CommissioneManuel Gaite). Photo by Chris Schnabel / Rappler

PH to UN body, Mamasapano probe, forest fires | 6PM wRap

Oct 08, 2015 - 6:20 PM

Watch the 6PM edition of Rappler s newscast The wRap

Sy, Ayala, Aboitiz in Forbes' list of Asia's richest families

Oct 08, 2015 - 1:53 PM

The 3 prominent Filipino clans are included in the magazine s inaugural list of the 50 wealthiest business dynasties in the region

LEADERS. (From left) Henry Sy, Jaime Zobel, Jon Ramon Aboitiz has led their families in building businesses and their families are now considered among the richest in Asia, according to Forbes magazine.

AboitizPower sets geothermal project in Indonesia

Sep 21, 2015 - 5:16 PM

AboitizPower International Pte Ltd enters into an agreement with PT Medco Power Indonesia for the exploration and development of a potential greenfield geothermal plant in East Java Province

OPPORTUNITIES. AboitizPower CEO Erramon Aboitiz earlier says the power firm is looking at opportunities abroad, particulalry in Southeast Asia and the Pacific.

What it takes to keep Tboli children in school

Sep 15, 2015 - 8:00 PM

A teacher in Lake Sebu South Cotabato believes the whole community should be involved in the education of a child

PASSION FOR TEACHING. Anita Castillon feels at home whenever she teaches T'Boli children. Screenshot from Ramon Aboitiz Foundation video

Aboitiz Equity Ventures eyes bid for NAIA privatization

Sep 11, 2015 - 5:41 PM

AEV President and CEO Erramon Aboitiz says the company is interested in airport projects because of their potential amid the continued growth of the domestic economy

DIVERSIFICATION. AEV President and CEO Erramon Aboitiz says the company’s interest in participating in the bidding for the NAIA privatization is in line with the company’s recent move to diversify into infrastructure.

Virginia shooting, US-PH talks, Forbes richest | 6PM wRap

Aug 27, 2015 - 7:55 PM

Watch the 6PM edition of Rappler s newscast The wRap

Henry Sy remains Philippines' richest – Forbes

Aug 27, 2015 - 9:42 AM

UPDATED The mall magnate s net worth climbs to 14 4 billion making him the country s wealthiest for the 8th consecutive year Forbes magazine s list of 50 richest Filipinos reveals

North-South railway PPP draws 30 local and foreign investors

Aug 20, 2015 - 4:20 PM

This marks the largest number of local and foreign companies participating in a Philippine public private partnership PPP project

BIGGEST RAILWAY. The country's biggest railway PPP deal, thus far, attracts the largest conglomerates in the Philippines and infrastructure titans in the world. Photo by Chrisee Dela Paz/Rappler

Bidders for regional airports PPP to submit bids on Aug 17

Aug 16, 2015 - 7:56 PM

The DOTC says the opening of bids is scheduled in January 2016 while the award will follow in February

Teacher to tribal kids, Mindanao peace group win Aboitiz awards

Aug 14, 2015 - 5:49 PM

The awards named after the business family from Cebu recognize individuals and institutions for bringing about positive change in their communities

How's the weather today? Check it in your smart phones!

Aug 03, 2015 - 12:30 PM

WeatherPhilippines app is now available for Android and iOS

STORM TRACKER. Tacloban Disaster-Risk Reduction Management Officers learning how to track a storm. Photo from WeatherPhilippines Photo from WeatherPhilippines

ERC appointment raises conflict-of-interest issues

Jun 21, 2015 - 10:00 AM

UPDATED EXCLUSIVE: Sta Ana s appointment comes at a time when the regulatory agency is determining whether power generation companies among them the Aboitiz group’s unit Therma Mobile colluded to jack up prices of Meralco

INSIDE STORY: The real reason behind Petilla’s resignation

Jun 20, 2015 - 10:15 AM

UPDATED EXCLUSIVE: Sources close to Energy Secretary Carlos Jericho Petilla say his resignation was prompted by President Benigno Aquino III’s decision to appoint Geronimo Sta Ana as the 5th commissioner of the Energy Regulatory Commission