Aboitiz Equity Ventures - updates

Rappler's latest stories on Aboitiz Equity Ventures

ARTICLE FINDER

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


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

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 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

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.

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

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/

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

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

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

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

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

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

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.

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.

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

PH sticks to bundled plan for 5 regional airports project

Jun 19, 2015 - 8:00 AM

Some of the top Philippine conglomerates and world s aviation experts have partnered to bag the bundled regional airports PPP deals

MORE AIRPORT PPP. Winners for the regional airports bundled deals could still join future airport PPP auctions, DOTC says. Photos from Wikipedia

Aboitiz ventures into remittance business

Jun 02, 2015 - 4:47 PM

Aboitiz Equity Ventures acquires 51 in PETNET the largest Western Union agent network in the Philippines

Aboitiz-led joint venture to build PH’s largest water supply facility

Mar 18, 2015 - 5:19 PM

The agreement with the Davao City Water District is worth P10B and is seen to benefit more than 1 million residents of the city

'Super consortium' clear to bid for Laguna expressway dike project

Mar 14, 2015 - 5:20 PM

Team Trident of Aboitiz Ayala Land Megaworld and SM Prime is one of 3 groups to clear the pre bid stage of the P123 B PPP project

‘Super consortium’ pre-bid for Laguna expressway dike project

Feb 27, 2015 - 6:51 PM

Aboitiz Ayala Megaworld and SM form a consortium and submit pre bid qualification documents for the P123 B PPP project

Asian shares mixed as Ukraine tensions trump US data

Aug 29, 2014 - 10:39 PM

After enjoying a rally over the past few weeks investors were spooked by claims that Russian forces were inside Ukraine helping support pro Kremlin separatists

Power, banking units pull down Aboitiz Equity earnings in H1

Jul 31, 2014 - 4:46 PM

The company s consolidated net income falls 9 year on year

Ayala-Aboitiz tandem wants to participate in Palace Calax inquiry

Jul 14, 2014 - 4:31 PM

Team Orion asks to be allowed to intervene in the investigation into San Miguel s disqualification from the Cavite Laguna Expressway bidding

MOTION TO INTERVENE. The Ayala-Aboitiz tandem have asked Malacañang that the consortium be allowed to participate in the ongoing investigation on the Cavite-Laguna expressway project. Photo from the PPP Center

Despite Calax disqualification, San Miguel still bullish on PPPs

Jul 09, 2014 - 5:58 PM

SMC President and COO Ramon Ang says they will still participate in all PPP project biddings despite disqualification from the P35 B Cavite Laguna expressway project

SUSPENDED. San Miguel Corporation’s Ramon S. Ang says it will still participate in PPP projects, despite disqualification from the Cavite-Laguna expressway project. Photo from the PPP Center

Aboitiz to bid for more PPP projects

Jul 03, 2014 - 12:00 PM

Through its property arm AboitizLand Aboitiz Equity Ventures is looking into participating in more PPP projects to support both its business and national growth

Cavite-Laguna project awarding indefinitely suspended

Jul 02, 2014 - 8:49 PM

The DPWH suspends the project awarding to the Ayala Aboitiz tandem after disqualified San Miguel elevated its appeal to Malacañang Palace

SUSPENDED. DPWH indefinitely suspended the awarding of the Cavite-Laguna project. Photo from the PPP Center

Aboitiz-led JV bags Davao bulk water supply project

Jun 23, 2014 - 6:54 PM

The project will be the country’s first bulk water system with a treatment facility fully powered by renewable energy

Aboitiz Group Q1 profit down on lower power, bank earnings

May 07, 2014 - 1:11 PM

But the holding firm s food and real estate units performed well during the quarter

Aboitiz group sells remaining shipping interests

Feb 12, 2014 - 5:56 PM

The Cebu based conglomerate sells its stakes in its joint ventures with Norway s Jebsens marking its exit from the shipping industry

The Cebu-based Aboitiz family says goodbye to the shipping industry, where it had interests for a century

Aboitiz group sets P78B power investments

Jan 29, 2014 - 12:47 PM

Bulk of the group s capital expenditures for 2014 will go to power in response to the country s need for additional generating capacity

11 firms awarded for exemplary corporate governance

Nov 20, 2013 - 5:17 PM

Five publicly listed firms and 6 trading participants are recognized during the 2013 Bell Awards sponsored by the Philippine Stock Exchange

BEST PRACTICES. The Philippine Stock Exchange recognizes firms that adhere to high corporate governance standards in its annual Bell Awards. This photo shows PSE president Hans Sicat delivering his remarks during the awards night on November 19. PHOTO BY CHERRIE REGALADO/RAPPLER.COM

Aboitiz group buys stake in Batangas industrial park

Oct 04, 2013 - 1:01 PM

AboitizLand plans to acquire a majority stake in Lima Land the operator of a 468 hectare industrial park in Batangas

Meet the 5th generation of Aboitiz leaders

Sep 22, 2013 - 12:41 PM

Aboitiz has made a name for more than a century Time for a new generation to step up to the plate

CARRYING ON THE LEGACY. (front) Ana Aboitiz-Delgado, Rafa de Mesa; (back) Carlos Aboitiz, Tristan Aboitiz, William Paradies. Photos: Peter Imbong

Aboitiz Equity Q1 income up 17% to P6.8-B

May 03, 2013 - 12:02 PM

One time gains like the P1 3 B proceeds from sale of City Savings Bank lifted Aboitiz Equity Holdings 17 first quarter financial performance

Aboitiz Equity 2012 income lifted by power unit

Mar 06, 2013 - 11:15 AM

The holding firm of the Aboitiz family records higher income contributions from all units especially its power generation and distribution arm

Erramon Aboitiz, president and chief executive of Aboitiz Equity Ventures, poses for a photo in front of his office in Cebu City. Photo by AFP

Aboitiz, GazAsia to spend $30-M for biomass plant

Feb 20, 2013 - 3:27 AM

The joint venture between Aboitiz Equity Ventures and UK firm GazAsia Ltd is set to spend 30 million for a planned biomass facility

Aboitiz: We're afraid to compete with Napocor

Feb 16, 2013 - 1:38 PM

The decades long dominance of the state owned Napocor in Mindanao discourages investors says Erramon Aboitiz

Aboitiz group welcomes relaxed Mactan-Cebu airport bid rules

Feb 13, 2013 - 2:40 PM

Company President and CEO Erramon Aboitiz says the government s decision to relax the rules does not affect them

Aboitiz patriarch dies

Jan 25, 2013 - 1:47 PM

Enrique Hank Aboitiz the husband of the late Aboitiz family matriarch Ma Lourdes Mendieta Aboitiz passed away in his sleep

Power, banking units boost Aboitiz Equity 9-mo profits by 12%

Oct 31, 2012 - 7:50 PM

Listed conglomerate Aboitiz Equity Ventures posted a 12 increase in net income to P18 billion in the first 9 months of 2012 boosted by strong performance of its power and banking units as well as one time gains

Aboitiz holding firm now into real estate

Sep 30, 2012 - 10:21 PM

The transfer of Aboitizland from the private holding firm Aboitiz Co into Aboitiz Equity Ventures allows the listed firm to directly engage in and profit from real estate

Aboitiz to spend P170-B on power, mainly in Mindanao

May 25, 2012 - 9:31 AM

Amid a power shortage in Mindanao Aboitiz Power will be pouring funding into new generation projects in the southern Philippines

Aboitiz family eager to get into PPPs for airports, water

May 24, 2012 - 11:51 PM

Aboitiz Equity Ventures doesn t want to be left out of the government s PPP projects It eyes water airport and other areas where they already have the expertise