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A newly formed startup is betting big that more Filipinos will shift to electric vehicles in the coming decade.
MANILA, Philippines - Aboitiz Equity Ventures Inc. (AEV) posted a three percent increase in its second quarter consolidated net income to P5.6 billion.
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.
MANILA, Philippines - AP Renewables Inc. (APRI), the renewable energy company of Aboitiz Power Corp., has bagged the Special Environmental Achievement Award at the 17th Saringaya Awards of the Department of Environment and Natural Resources Region 5 (DENR-V) for its sustained commitment to helping protect the environment.
MANILA, Philippines - Securing reliable power supply and access to electricity for every household has been the core focus of Energy Secretary Alfonso Cusi and his team in the first year of the Duterte administration.
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.
MANILA, Philippines - Local start-up QEV Philippines Electromobility Solutions and Consulting Group Inc. (QEV Philippines) is seeking government assistance to convert 10,000 jeepneys to electric-jeepneys, estimated to cost P6 billion, starting 2018.
MANILA, Philippines - Manila Electric Co. (Meralco) and the Aboitiz Group have expressed interest in the sale of the 630-megawatt (MW) Masinloc power plant in Zambales as American energy giant AES Corp. mulls its exit in the Philippines.
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.
MANILA, Philippines - The Subic Bay Metropolitan Authority has bagged the country’s first single biggest foreign direct investment this year with the recent approval of a $798.4 million project of Singapore-based Dynamic Konstruct International Eco Builders Corp.
MANILA, Philippines - A unit of Aboitiz Power Corp. is pushing through with the expansion of the 25-year old run-of-river hydropower plants in La Trinidad, Benguet after securing approval from the municipal council.
Reversing a slight decline in early trade, the Philippine Stock Exchange index added 14.88 points or 0.19 percent to close at 7,848.84.
The PSEi was led higher by Ayala Corp., Robinsons Land and Aboitiz Power, which all gained over 1 percent.
MANILA, Philippines - Aboitiz Power Corp. started trading yesterday P3-billion worth of fixed-rate retail bonds at the Philippine Dealing and Exchange Corp. (PDEx).
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.
The local stock barometer yesterday slipped ahead of the announcement of Bangko Sentral ng Pilipinas (BSP)’s latest monetary policy.
As the Philippines and Japan pledge to strengthen economic ties under the administration of President Rodrigo R. Duterte, Japanese investments are seen to play a vital role in the country’s progress and development.
MANILA, Philippines - The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corp.’s plan to issue up to P30 billion fixed-rate retail bonds to finance projects.
MANILA, Philippines - Aboitiz Power Corp. and Lucio Tan-led Eton Properties Philippines Inc. have tied up for a clean power supply for the latter’s business process outsourcing (BPO) projects.
MANILA, Philippines - Further delays in the approval of long-term power supply deals of power distribution giant Manila Electric Co. (Meralco) could translate to higher electricity costs and a tight supply situation in the long run, its top official said.
The Energy Regulatory Commission’s continued slow action on proposed power supply agreements (PSAs) between power generating companies and distribution utilities will likely plunge the country back into dark days of power outages.
MANILA, Philippines - Aboitiz Power Corp. will initially offer up to P3 billion worth of 10-year bonds to fund the expansion of a subsidiary.
MANILA, Philippines - Nestle Philippines Inc. has turned green for its power requirements in its Batangas plant through a partnership with AboitizPower.
This, among other questions, will be addressed on May 19 at the 2nd BusinessWorld Economic Forum, which has as its theme, “Fueling Philippine Economic Expansion Beyond 2017: The Engines of Growth.”
Conglomerate Aboitiz Equity Ventures (AEV) booked a 7-percent year-on-year drop in first quarter net profit to P4.7 billion as higher expenses gnawed on the earnings of its flagship power business.