Aboitiz - updates

Rappler's latest stories on Aboitiz

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[WATCH] The Philippines' Best Work Spaces: Aboitiz

Sep 30, 2019 - 11:00 AM

Join Jonathan Yabut as he looks for the metro's best and coolest work spaces

Aboitiz takes a beating in H1 2019

Jul 31, 2019 - 6:10 PM

Conglomerate Aboitiz Equity Ventures reports profits of P9 billion in the 1st half of 2019, 11% lower than the P10.1 billion in the same period in 2018


DA, DILG to provide solar water systems for off-grid barangays

Jul 09, 2019 - 1:55 PM

The Department of Agriculture and the Department of the Interior and Local Government will team up to provide water for irrigation as well as for drinking to far-flung barangays

Photo from Shutterstock

Next AboitizPower CEO won't come from Aboitiz clan

Apr 22, 2019 - 9:20 PM

(UPDATED) AboitizPower COO Emmanuel Rubio will be the company's president and CEO effective January 1, 2020

AboitizPower begins operating coal plant in Toledo, Cebu

Apr 16, 2019 - 4:05 PM

The coal plant will deliver power to Visayan Electric Company and electric cooperatives, as well as to open-access customers in Luzon and the Visayas

UP AND RUNNING. The Therma Visayas coal power plant in Toledo City, Cebu, is now operational. Photo from Aboitiz Power Corporation

Power firms deny collusion allegations

Apr 15, 2019 - 5:10 PM

Aboitiz Power Corporation's Manny Rubio says companies won't connive to cause power outages, as these are bad for business

Aboitiz gains original proponent status for Laguindingan Airport upgrade

Mar 04, 2019 - 7:20 PM

Under a P42.7-billion proposal, Aboitiz would build new passenger terminals, install equipment, and enhance airside facilities

UPGRADE. If approved by the National Economic Development Authority Board, the Laguindingan Airport may have an upgrade as proposed by the Aboitiz InfraCapital. File photo by Bobby Lagsa/Rappler

Q&A with Jon Ramon Aboitiz: 'Never fall in love with your business'

Dec 01, 2018 - 11:55 AM

Here are excerpts from Rappler's unpublished interview with business tycoon Jon Ramon Aboitiz in Cebu City in June 2017

PHILIPPINE TYCOON. Aboitiz Equity Ventures Chairman Jon Ramon Aboitiz prepares for an interview with Rappler in June 2017. Photo by Sofia Tomacruz/Rappler

Jon Ramon Aboitiz dies at 70

Nov 30, 2018 - 8:32 PM

(UPDATED) Jon Ramon Aboitiz chaired Aboitiz Equity Ventures, one of the Philippines’ most valuable family conglomerates

FILIPINO TYCOON. Aboitiz Equity Ventures Chairman Jon Ramon Aboitiz passes away at age 70. Photo from the Aboitiz Group website

How do you save the Philippine eagles? First, empower the communities

Oct 01, 2018 - 10:00 AM

The Philippine Eagle Foundation receives this year's Eduardo Aboitiz Award for Outstanding Institution for its collaboration with indigenous peoples in saving the endangered national bird

STORY TIME. Students listen as Philippine Eagle Foundation members tell the story of the national bird. Photo by the Philippine Eagle Foundation

Benedict Edward Valdez: The smile surgeon of Mindanao

Sep 29, 2018 - 11:30 AM

The missionary doctor from Davao City, this year's recipient of the Ramon Aboitiz Award for Exemplary Individual, dedicates his life to making cleft patients smile again

EXEMPLARY INDIVIDUAL. Dr Benedict Edward Valdez is the winner of the 2018 Ramon Aboitiz Award for Exemplary Individual. Photo from the Ramon Aboitiz Foundation Inc

Aboitiz companies extend help to 750 landslide-hit families in Naga, Cebu

Sep 28, 2018 - 5:33 PM

PRESS RELEASE. Other AboitizPower units up north have been similarly busy, specifically in areas without electricity following Typhoon Ompong’s onslaught there.

ABOITIZ STANDS WITH NAGA, CEBU. Aboitiz team members from the conglomerate's Visayan Electric Co., Inc. (VECO) and Therma Visayas Power, Inc. business units quickly mobilized relief efforts in the aftermath of the Naga City, Cebu landslide. A total of 750 families received much-needed food packs, hygiene kits, and rice packs assembled by the Aboitiz team members. Photo from Aboitiz Foundation

Visayas football event comes to Batangas

Sep 15, 2018 - 11:07 AM

On its 20th season, the Aboitiz Cup football tournament in the Visayas branches out to Luzon

GAME ON. Aboitiz Cup organizers (from left) RSA 1 CEO Rely San Agustin, Dudes Aboitiz of Aboitiz Land, Joey Zamora of The Outlets at Lipa, and Mischelle Sta. Ana, the CSR head of Abiotiz Land unveil the new football event in Batangas.

NAIA Consortium gains original proponent status for P102-B airport rehab

Sep 13, 2018 - 6:02 PM

The proposal to rehabilitate the Ninoy Aquino International Airport is now up for the approval of the National Economic and Development Authority Board

REHAB. NAIA Consortium has been awarded the "original proponent status" by the government for the rehabilitation of the country's main gateway. File photo by Ben Nabong/Rappler

Missionary doctor, PH Eagle Foundation win 2018 Aboitiz awards

Aug 31, 2018 - 7:24 PM

Dr. Benedict Edward Valdez, president of the Maharlika Charity Foundation Inc in Davao City, took home the Ramon Aboitiz Award for Exemplary Individual, while the Philippine Eagle Foundation won the Eduardo Aboitiz Award for Outstanding Institution

AWARDEES. Philippine Eagle Foundation director for research and conservation Jason Ibanez (left), Dr Benedict Edward Valdez (right). Photo by Mara Cepeda/Rappler

Ayala-Aboitiz consortium bids for national ID system

Aug 14, 2018 - 4:40 PM

Ayala Corporation, AC Infrastructure, Aboitiz InfraCapital, and Unisys Philippines aim to design and develop the infrastructure for the national ID system


CA says ERC can hear case vs Meralco, Aboitiz subsidiaries

Jul 01, 2018 - 3:45 PM

The Court of Appeals junks the petition filed by Meralco and two Aboitiz subsidiaries seeking to dismiss a complaint filed by the Energy Regulatory Commission's investigating unit

Aboitiz Equity Ventures net income up by 3% in Q1 2018

May 03, 2018 - 5:45 PM

The net income of the Aboitiz Group's holding firm increases to P4.8 billion for the January to March period, from P4.7 billion in the same quarter a year ago

IN PHOTOS: Massive artificial-grass football pitch to open in Lipa

Apr 12, 2018 - 9:21 PM

Aboitiz has created a unique synthetic-grass football facility in the Outlets in Lipa that can accommodate two games at the same time

DOTr rejects Aboitiz's P148-billion bid to upgrade 4 regional airports

Apr 10, 2018 - 8:40 PM

The Department of Transportation turns down the unsolicited proposal of Aboitiz InfraCapital Incorporated and opts for public bidding instead

AboitizPower ventures into solar rooftops

Apr 02, 2018 - 4:45 PM

The power firm sets up a new unit called AboitizPower Distributed Energy, which is eyeing projects in Luzon and the Visayas this year

Aboitiz submits P148-B proposal to modernize 4 regional airports

Mar 07, 2018 - 2:57 PM

(UPDATED) The Aboitiz group submits an unsolicited proposal to modernize, operate, and maintain the Iloilo International Airport, Bacolod-Silay Airport, Laguindingan Airport, and New Bohol International Airport in Panglao for 35 years

Graphics from Aboitiz InfraCapital Corporate Communications

DOTr to review P350-billion NAIA rehabilitation proposal

Feb 18, 2018 - 10:05 PM

The Department of Transportation expects to finish its evaluation of the Ninoy Aquino International Airport proposal by top conglomerates in April

REHABILITATION. Passenger traffic to NAIA is expected to continue to grow significantly over the coming years and the existing runway configuration may be unable to accommodate the future flows. Photo By Ben Nabong/Rappler

'Super consortium' formalizes P350-billion NAIA rehab proposal

Feb 13, 2018 - 12:30 PM

The consortium's members are Aboitiz InfraCapital, AC Infrastructure, Alliance Global, Asia's Emerging Dragon, Filinvest, JG Summit, and Metro Pacific

REHABILITATING NAIA. The consortium teams up with Singapore's Changi Airports International Private Limited to provide technical support in the areas of master planning, operations optimization, and commercial development. Image from Aboitiz Corporate Communications

UnionBank sees 2017 net income drop by 16.4% to P8.42 billion

Jan 26, 2018 - 7:19 PM

Lower trading gains sees the bank’s fall from the P10.07 billion it saw in 2016 while core income was up 30.4% to P8.2 billion from P6.3 billion in 2016

Aboitizes buying Isabela-based PR Savings

Jan 02, 2018 - 7:29 PM

Union Bank of the Philippines expects the transaction to open new market segments, such as motorcycle and agri-machinery financing, for its subsidiary City Savings

AboitizPower ready to take over Negros solar power project

Jan 02, 2018 - 6:45 PM

The 59-megawatt peak (MWp) solar photovoltaic power generation project is seen to be one of the largest solar power projects in the Philippines to date

Conglomerates form ‘Super Consortium’ to propose NAIA upgrade

Dec 21, 2017 - 3:37 PM

The Ayala, Aboitiz, Gokongwei, Gotianum, Metro Pacific and Andrew Tan groups will submit their unsolicited bid to the Department of Transportation

Aboitiz Construction sets sights on China

Dec 18, 2017 - 4:00 PM

Aboitiz is in talks with Shandong Electric Power Construction Corporation III and Dongfang Electric Company to look into opportunities in China

CHINA VISIT. Aboitiz Construction executives visited two large companies – Shandong Electric Power and Dongfang Electric – in China in their effort to explore further business opportunities overseas. Photo from Aboitiz Group

UnionBank sets out to hack PH banking with digital transformation

Dec 14, 2017 - 4:59 PM

UnionBank’s ongoing digital transformation involves a complete overhaul of its technology processes and work culture

Conglomerates in talks for 'super consortium' to upgrade NAIA

Dec 07, 2017 - 3:50 PM

Andrew Tan's Alliance Global and Lucio Tan's LT Group confirm there are talks with other business groups, though no formal agreements have been reached

AboitizPower to install 500 MW of new power by 1st half of 2018

Dec 06, 2017 - 10:30 PM

The new capacity will come from the completion of several hydro and baseload power plants

HYDROPOWER. A look at the installed turbines and generators for the 68-MW Manolo Fortich (Bukidnon) hydro power plant of AboitizPower subsidiary Hedcor. Photo from AboitizPower.

AboitizLand to open The Outlets discount mall in Batangas next year

Dec 05, 2017 - 9:40 PM

The Outlets will offer premium brands at reduced prices. Phase 1 is targeted for launch by April 2018.

AboitizPower expands hydroelectric business

Nov 19, 2017 - 8:45 PM

The company's latest facility is the $47-million Maris hydroelectric power plant in Isabela, which took two years to build

GREENFIELD HYDRO. The $47-million Maris hydroelectric power plant is the first greenfield project of SN AboitizPower, which took the firm two years to build. Photo from AboitizPower

Sy, Zobel still in, Aboitiz out of Forbes' list of Asia's richest families

Nov 15, 2017 - 2:09 PM

Two prominent Filipino clans are included in the magazine's annual list of the 50 wealthiest business dynasties in the region

BILLION-DOLLAR CLAN. Sy and Zobel de Ayala families are Philippines' two richest clans. Photos from Ayala's and SM Investments's official website

Who are the richest families in ASEAN?

Nov 10, 2017 - 9:00 PM

All together, the estimated net worth of ASEAN’s richest families is about $222.86 billion

BILLIONAIRES. Several members of the richest families in ASEAN are also some of the richest people in the world.

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