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Build Build Build for our country’s prosperity

2017-10-04 philstar
In establishing inclusive growth in the country, it is vital to foster excellent relations with stakeholders who will work together to create programs to achieve the common goal. Good thing to have a government that is eager to deliver results to its constituents. (20-2)

Will the stock market hit 9,000?

If history is any guide, the current surge in the stock market, which recently breached the 8,000 level, may likely be sustained in the next few months, until probably by year-end. (12-1)

Aboitiz food unit acquires 70% of Vietnam feeds firm

2017-09-29 philstar
MANILA, Philippines — Pilmico Foods Corp., the food unit of conglomerate Aboitiz Equity Ventures Inc., has completed the acquisition of 70 percent of Vietnamese animal  feeds firm Europe Nutrition Joint Stock Co. (Eurofeed) for $3.2 million. (1-0)

Republic Cement to raise capacity

2017-09-18 philstar
MANILA, Philippines — Republic Cement and Building Materials Inc., the joint venture of Aboitiz Equity Ventures Inc. (AEV) and Ireland-headquartered CRH International, will start raising the capacity of its cement plants to 10 million tons per day as soon at it finishes the efficiency improvement by the middle of 2018. (1-0)

Aboitiz takes jeepney in a new direction

A newly formed startup is betting big that more Filipinos will shift to electric vehicles in the coming decade.

Aboitiz consolidates water investments

2017-08-03 philstar
MANILA, Philippines - Cebu-based conglomerate Aboitiz Group has consolidated all its water investments under its infrastructure unit Aboitiz InfraCapital Inc. (AIC) to strengthen its presence in the water business.

Aboitiz Equity profit up 3% to P5.6 B in Q2

2017-08-02 philstar
MANILA, Philippines -  Aboitiz Equity Ventures Inc. (AEV) posted a three percent increase in its second quarter consolidated net income to P5.6 billion.

Stock selloff stretches for 3rd straight day

2017-08-02 philstar
MANILA, Philippines -  The stock market witnessed another round of selloff yesterday as investors continued to pocket gains from the recent run-up.

AEV nets P10.3B

Aboitiz Equity Ventures Inc. (AEV) booked a six-month net profit of P10.3 billion, down by 2 percent year-on-year mostly due to foreign exchange losses that curbed the earnings of its flagship power business.

Government should start rehab of Agus hydro power plants

2017-07-23 philstar
MANILA, Philippines - The government should start the rehabilitation program of the decades-old Agus hydroelectric power plants amid the power surplus in Mindanao, Aboitiz Power Corp. president and chief operating officer Antonio Moraza said.

AboitizPower sets $500-M budget in 5 years

2017-07-19 philstar
MANILA, Philippines - Aboitiz Power Corp. is spending $500 million over the next five years to meet its 4,000-megawatt (MW) capacity target and support its expansion overseas, a ranking company official said yesterday.

How exchange rates affect stock market

It has always been observed that the peso-dollar exchange rate has an inverse relationship with the stock market so that whenever the PSE index rises or falls, the price of dollar in pesos decreases or increases, or vice versa, by end of the day.

Aboitiz-led weather forecast service bags top PH Quill Award

WEATHERPHILIPPINES HONORED AT 15TH PHILIPPINE QUILL AWARDS. Aboitiz-led private weather information provider WeatherPhilippines Foundation, in its maiden entry, bagged the 15th Philippine Quill Awards’ Top Award for Communication Management. Present during the awarding were (from left) IABC Philippines Trustee and Quill Awards Chair Richard Arboleda; IABC Philippines Treasurer Sherryl Yao; Aboitiz Equity Ventures, Inc.

Pilmico bags ISO, HACCP certifications

2017-07-07 philstar
MANILA, Philippines -  Pilmico Foods Corp., the food unit of conglomerate Aboitiz Equity Ventures Inc., has obtained two international certifications for its food management systems.

AboitizPower lists P3-B bonds

2017-07-03 philstar
MANILA, Philippines - Aboitiz Power Corp. started trading yesterday P3-billion worth of fixed-rate retail bonds at the Philippine Dealing and Exchange Corp. (PDEx).

Aboitiz Power raises P3B from bond float

In the photo from left are BPI Capital Corporation President Juan Carlos L. Syquia, Aboitiz Equity Ventures, Inc. (AEV) Chief Financial Officer Manuel R. Lozano, Aboitiz Power Corporation Chief Financial Officer Liza Luv T. Montelibano, AEV Group Treasurer Gabriel T. Mañalac, PDS Group President and CEO Cesar B. Crisol, and Philippine Dealing & Exchange Corp. President and COO Antonino A. Nakpil.

New funding scheme lined up for Davao airport expansion

2017-05-23 philstar
MANILA, Philippines - The government will pursue the expansion of the Davao International Airport by getting funding from official development assistance (ODA) or from its annual budget, the General Appropriations Act (GAA), as it terminated the auction process for the regional airports deal under the public-private partnership (PPP) program.

DOTr cancels PPP plans for 5 regional airports

In this May 17, 2017 file photo, President Rodrigo Duterte arrives at Davao City’s Francisco Bangoy International Airport (MALACAÑANG PHOTO)

MVP Group seeks potential Russia deals

2017-05-22 philstar
MOSCOW – The group of business tycoon Manuel V. Pangilinan will scout for possible partnerships in Russia to further grow its various businesses, a ranking group official said. (0-1)

Property issues lift stock price index higher

Local stocks rose on positive sentiments across the region yesterday as investors took comfort in the lack of negative news, especially from the United States, whose political controversies have weighed on global markets.

Republic Cement eyes $300M expansion

Aboitiz Equity’s Erramon Aboitiz and Sabin Aboitiz talk about Republic Cement’s expansion plan at the May 15 stockholders meeting

Aboitiz spending up to $300 M to expand cement business

2017-05-15 philstar
MANILA, Philippines - The Aboitiz Group is investing $250-300 million in three to five years to expand cement plant capacities as the Duterte administration ushers in the country’s golden age in infrastructure.

Should you compare P/E ratios to determine a stock’s value?

There is a saying that something is only worth what someone else is willing to pay for it. No matter how much the seller wants to sell an asset, it is the buyer who ultimately sets the price. Without the buyer, there is no way to know how much an asset is really worth.

Republic Cement studies expansion in Mindanao

2017-04-09 philstar
MANILA, Philippines - Republic Cement and Building Materials Inc. looks at more possible expansions in Mindanao, which has become a darling for investments since the start of the Duterte administration.

Aboitiz set to start Davao bulk water project in July

2017-04-04 philstar
MANILA, Philippines - Davao City expects a sizable potable water supply within three years as Apo Agua Infrastructura Inc. targets to start its bulk water project in the second half of 2017.