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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 »

Aboitiz infra unit to deploy 'small cell networks' to back up common tower venture

ABS-CBN News
Posted at Oct 07 02:41 PM

Aboitiz InfraCapital on Wednesday it is deploying small cell networks in key cities to supplement its common tower project and boost connectivity and network quality. Read more »

Globe ramps up cell site deployment via deals with tower companies

ABS-CBN News
Updated as of Sep 09 03:09 PM

Globe Telecom said Wednesday it is ramping up cell site deployment across the Philippines as its partnerships with independent tower companies “advanced to active acquisition and build phases.” Read more »

Aboitiz Construction eyes hiring 1,200 skilled workers, medical professionals

ABS-CBN News
Posted at Sep 08 03:29 PM

To overcome challenges posed by the coronavirus pandemic more skilled workers and medical professionals are needed as construction works resume, Aboitiz Construction Inc said Tuesday.   Read more »

Aboitiz group says digital connectivity needed to hasten pandemic recovery

ABS-CBN News
Posted at Aug 03 06:28 PM

The Aboitiz Group said the country needs to upgrade its digital infrastructure to help hasten the Philippines' economic recovery due to the effects of COVID-19. Read more »

Lower power demand drags Aboitiz Equity Ventures net income in H1

ABS-CBN News
Posted at Jul 28 12:20 PM

Aboitiz Equity Ventures said Tuesday its net income for the first half declined dragged by the lower income contribution of its power unit and the coronavirus pandemic.    Read more »

Aboitiz unit ramps up construction of Davao bulk water project

ABS-CBN News
Posted at Jul 22 09:57 AM

Aboitiz InfraCapital Inc said Wednesday it would need more workers as its unit Apo Agua fast-tracks the construction of a bulk water project in Davao. Read more »

Aboitiz Group to cut jobs due to coronavirus

ABS-CBN News
Updated as of Jun 24 04:23 PM

The Aboitiz Group said Wednesday it would lay off some employees as part of its workforce rationalization program as a response to the impact of the COVID-19 pandemic.    Read more »

Philippines' biggest firms shell out billions in aid for COVID-19 fight

ABS-CBN News
Updated as of Apr 23 12:02 PM

The Philippine Disaster Resilience Foundation said that while the donations are substantial more needs to be done. Read more »