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'The Good Meat' aims to become top pork supplier in PH

ABS-CBN News
Updated as of May 17 11:31 AM

Aboitiz Group on Tuesday said its food subsidiary Pilmico Food Corp aims to bring "The Good Meat" products to over 300 supermarkets by the end of 2022 in a bid to become the top pork supplier in the country. Read more »

Aboitiz Equity Ventures says net income 54 pct lower at P3.9-billion in Q1

ABS-CBN News
Posted at Apr 27 03:12 PM

Aboitiz Equity Ventures Inc on Wednesday said its consolidated net income of P3.9 billion for the first quarter of 2022 was lower by 54 percent compared to the previous year. Read more »

Aboitiz Power seeks approval of 3rd tranche retail bonds

ABS-CBN News
Posted at Jan 11 12:17 PM

Aboitiz Power Corp on Tuesday said it was seeking the approval of the Securities and Exchange Commission for the third tranche of its P30 billion fixed-rate retail bonds. Read more »

UnionBank says Citicorp deal to boost retail business

ABS-CBN News
Posted at Jan 10 11:58 AM

UnionBank president Edwin Bautista told ANC that members of the bank’s board knew that the acquisition was going to be great for UnionBank. Read more »

UnionBank acquires Citigroup’s PH consumer business

ABS-CBN News
Updated as of Dec 23 03:55 PM

UnionBank of the Philippines has acquired the consumer banking business of Citigroup Inc, the Aboitiz-led lender disclosed on Thursday. Read more »

UnionBank in talks with Citi for 'potential acquisition' of PH unit

ABS-CBN News
Posted at Dec 02 02:17 PM

UnionBank is in discussion with Citigroup Inc. for the "potential" acquisition of Citi's consumer banking business in the Philippines, it said Thursday. Read more »

Aboitiz eyes green shift after $1.6-B JERA investment

Bruce Rodriguez, ABS-CBN News
Posted at Sep 28 06:25 PM

The Aboitiz Group said it will speed up its sustainability shift after getting up to $1.58 billion from the sale of part of its stake in its power business. Read more »

Aboitiz adds LGBTQ+, partners as healthcare dependents

ABS-CBN News
Posted at Aug 17 04:34 PM

Aboitiz Equity Ventures Inc said Tuesday common-law partners would be included in its team members' healthcare dependents in a bid to support diversity, equality and the LGBTQ+ community. Read more »

Gokongwei group, UnionBank plan to launch own digital banks: BSP

ABS-CBN News
Posted at Jun 14 11:11 AM

The Gokongwei Group and UnionBank of the Philippines have also applied for digital banking licenses under the new framework of the Bangko Sentral ng Pilipinas, BSP Gov. Benjamin Diokno said Monday.   Read more »

Globe Telecom signs $100 million loan to fund capex

ABS-CBN News
Posted at May 17 02:09 PM

Globe Telecom signed a term loan facility with Bank of China (Hong Kong) for $100 million or around P4.8 billion to finance its capital expenditures, the company disclosed to the stock market on Monday.  Read more »

Aboitiz Equity Ventures sets P48 billion capex for 2021

ABS-CBN News
Posted at Mar 16 03:45 PM

Aboitiz Equity Ventures has allotted P48 billion in capital expenditures for 2021 along with its partners, the company disclosed to the stock market on Tuesday.    Read more »

50 electric buses to ply Manila routes, free for 3 months

ABS-CBN News
Updated as of Mar 11 09:18 PM

Fifty electric buses will be deployed in the City of Manila, which will ferry commuters for free for the first three months, proponents of the project said on Wednesday. Read more »

AboitizPower to raise P30B in bonds under shelf registration program, to issue first P8-B tranche in Q1 2021

ABS-CBN News
Posted at Dec 15 11:36 AM

Aboitiz Power Corp said Tuesday its board of directors approved P30 billion fundraising through retail bonds. Read more »

Megawide commits 'no flight delays' within 6 months after NAIA rehabilitation

ABS-CBN News
Posted at Nov 27 01:48 PM

Megawide committed on Friday that there will be no flight delays after 6 months of taking over operations of the Ninoy Aquino International Airport (NAIA), confident of their expertise in airport operations. Read more »

SN Aboitiz clarifies it operates Magat Hydro Plant, not Magat Dam

ABS-CBN News
Posted at Nov 17 07:19 PM

Renewable energy firm SN Aboitiz Power (SNAP) clarified on Tuesday that it operates the Magat Hydroelectric Power Plant, and not the Magat Dam which is run by the National Irrigation Administration (NIA). Read more »

Aboitiz gets PDEx nod list second tranche of P30 billion bonds

ABS-CBN News
Posted at Nov 16 02:40 PM

Conglomerate Aboitiz Equity Ventures Inc. (AEV) has secured approval from the Philippine Dealing and Exchange Corporation (PDEx) to list the second tranche of its P30 billion fixed-rate bonds, the company said on Monday.   Read more »

AEV says Q3 net income down 35 pct, sees 'signs of recovery'

ABS-CBN News
Updated as of Nov 05 09:54 PM

Conglomerate Aboitiz Equity Ventures (AEV) said its third quarter net income dropped 35 percent as the group's units took a hit from the lockdowns imposed to curb the spread of COVID-19 which shrunk demand. Read more »

Aboitiz expanding West Cebu Industrial Park as demand for space grows

ABS-CBN News
Updated as of Nov 03 09:48 PM

Cebu Industrial Park Developers (CIPDI), a joint venture between the Aboitiz Group and Tsuneishi Group of Japan, is set to expand the 540-hectare West Cebu Industrial Park (WCIP) in the next 3 years as demand grows for industrial spaces from both foreign and domestic locators, Aboitiz Infracapital said on Tuesday. Read more »

Globe, DITO tap Aboitiz InfraCapital for small cell site deployment

ABS-CBN News
Posted at Oct 30 02:46 PM

Aboitiz InfraCapital Inc said Friday it has partnered with telco firms Globe Telecom and DITO Telecommunity for the deployment of small cell sites to boost their network coverage and capacity. Read more »

Aboitiz Group bets on public-private cooperation, digital pivot to hasten economic recovery

ABS-CBN News
Posted at Oct 21 04:02 PM

Public and private coordination as well as digital innovation could hasten economic recovery and resilience against the COVID-19 pandemic, the Aboitiz Group said Wednesday.  Read more »