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Aboitiz Power Corporation: Notice of Annual Meeting of Stockholders
Notice is hereby given that the Annual Meeting of the Stockholders of ABOITIZ POWER CORPORATION (the "Company") will be held on April 22, 2024, Monday at 9:30 a.m. (the "2024 ASM")......»»
AboitizPower names new president
Aboitiz Power Corp. the listed power arm of the Aboitiz Group, has announced the appointment of Danel Aboitiz as the next president and CEO of the company starting July 1......»»
The Wallenberg sphere
Marcus Wallenberg, the chairman of Swedish bank Skandinaviska Enskilda Banken, Saab AB, Wallenberg Investments AB, FAM AB, Patricia Industries and The Royal Swedish Academy of Engineering Sciences, quietly flew to Manila last week for a quick three-day visit to renew ties with Philippine government officials and meet with members of top conglomerates the Ayala Group, the Aboitiz, the Gokongweis, the Sys and the Lopezes......»»
Aboitiz completes acquisition of Coca-Cola Philippines
The Aboitiz Group’s entry into the branded consumer goods space is ready to commence with its successful acquisition of Coca-Cola Beverages Philippines Inc......»»
AREIT completes P1.2-B cash acquisition of 153-room Seda Lio resort hotel
AREIT announced that it completed the acquisition of the 153-room Seda Lio resort-hotel in El Nido from subsidiaries of its sponsor, Ayala Land......»»
Meralco gets bids for 1,800-MW requirement
Generation companies owned by conglomerate San Miguel Corp. as well as a joint venture of the Aboitiz and Ayala groups have submitted the best bids for Manila Electric Co. (Meralco)’s 1,800-megawatt supply requirement to meet the growing demand of its customers......»»
6 bidders vie for Meralco CSP
San Miguel, First Gen, and an Aboitiz-Ayala-led joint venture are among those looking to vie for the 1,800-megawatt of power supply to be procured by the Manila Electric Co. through a competitive selection process......»»
Sy siblings assume Forbes’ top spot
Siblings of the late taipan Henry Sy Sr. regained the status of being the richest in the country, overtaking Manuel Villar in the Forbes’ 2023 list of the Philippines’ 50 Richest. The Forbes list showed the Sys of the SM Mall chain having a net worth of $14.4 billion against real estate kingpin Villar’s $9.7 billion. International port magnate Enrique Razon Jr. is fourth in the list, $8.1 billion; San Miguel Corp. president Ramon Ang, $3.4 billion; Fastfood tycoon Tony Tan Caktiong and family, $3.2 billion; Aboitiz family, $3.15 billion: Lance Gokongwei and siblings, $3 billion; Isidro Consunji and siblings, $2.9 billion; property mogul Jaime Zobel de Ayala and family, $2.8 billion and industrialist Lucio Tan, $2.6 billion. Featured in the cover of the Forbes Special Edition is business leader Sabin Aboitiz, who the magazine said is transforming the Philippines’ second-largest electricity producer into a banking, infrastructure and technology powerhouse. Sabin gets focus “Sabin Aboitiz is spearheading a P380-billion-peso makeover of Aboitiz Equity Ventures, or AEV, a century-old Philippine power and banking behemoth controlled by his extended family, into a wider group focused on banking, infrastructure and technology,” it said. It added in the next seven years, the president and CEO of AEV plans to expand into renewable energy generation and build airports, cellular towers and data centers to tap demand from a young population in one of Southeast Asia’s fastest growing economies. “Shortly after taking over the reins of the company from his older brother Erramon in January 2020, Sabin witnessed the fallout of Aboitiz Equity’s reliance on electricity generation for almost 60 percent of its profit as a nationwide lockdown to curb the pandemic decimated demand,” Forbes indicated. The post Sy siblings assume Forbes’ top spot appeared first on Daily Tribune......»»
Villar Group completes acquisition of MCX
The Villar Group has completed its acquisition of the four-kilometer Muntinlupa Cavite Expressway from Ayala Corp., more than a year since signing the initial agreement......»»
BBM to lead ABAC 3 summit
No less than President Ferdinand Marcos Jr. will grace the third leg of the Asia-Pacific Economic Conference Business Advisory Council in Cebu City slated on 27 to 30 July 2023. Aboitiz Group president and ABAC PH member Sabin Aboitiz said that they are grateful for the opportunity to host the event where delegates can engage in fruitful discussions and come up with sound recommendations to drive economic growth and cooperation within the Asia-Pacific region. The ABAC 3 will put a spotlight on the important role of micro, small, and medium-sized enterprises in the global economy. Moreover, it will focus on the ever-changing landscape of environment, social and governance investing. It also recognizes the transformative impact that a thriving business community can have on the broader economy and by actively advocating for the interests of businesses throughout the region, they aim to create an environment conducive to sustainable and inclusive growth. The ABAC Philippines is all set to welcome over 200 registered delegates and guests in Cebu City and Marcos is expected to join one of the meetings with the ABAC members to share his administration’s vision and priorities for fostering economic growth and cooperation within the Asia-Pacific region. This will be the second visit of Marcos in Cebu City. The first was in March when he launched the Kadiwa para sa Pilipino in Cebu Capitol and the groundbreaking of the Cebu Bus Rapid Transit System and Pambansang Pabahay para sa Pilipino Program last March. Official partners for the ABAC III meetings are Philippine Airlines as the official airline carrier, Summit Drinking Water as the official drinking water and Fili Hotel as the official residences for delegates and guests. It is also sponsored by esteeme organizations including Aboitiz Equity Ventures, Aboitiz Power, Ayala Corporation, Metro Pacific Investments Corporation, Alliance Global, International Container Terminal Services Inc., Go Digital Pilipinas, JG Summit, SM Investments Corporation and Union Digital. The post BBM to lead ABAC 3 summit appeared first on Daily Tribune......»»
Landers opens ninth superstore in Taguig
Landers Superstore, the fastest growing membership shopping store in the country, recently opened its ninth store at Arca South in Taguig City. With its wide selection of topnotch brands, exclusive deals and premium perks, Landers Arca South is a stand-alone building situated in the heart of Arca South, a sprawling Ayala-owned estate slated to be the next BGC with its seamless integration of work, play and relaxed living. Key to its appeal is its accessibility, thanks to its close proximity to major cities and thoroughfares like Skyway, SLEX and C5. The façade features a fresh design and color scheme that blends in with surrounding structures — a first for any Landers store. As for the interiors, it sports the same modern yet elegant design seen in recently opened stores, making every visit truly Instagram-worthy. It also has a wide parking space, an expansive retail area and a cozy dining spot with high, airy ceilings and beautiful accent lights. The main highlight, however, is the diverse selection of imported and local goods — from hard-to-find brands and specialty items to grocery staples and locally sourced but high-quality produce. Delicious food choices also abound, starting with its in-house restaurant Landers Central that serves New York-style pizzas, pastas, fried chicken, hotdogs in buns, French fries and salads. Doppio Café, on the other hand, serves brewed coffee, milk tea, blended drinks and desserts. Landers Arca South completes the shopping experience with its host of exclusive perks for members. These include free haircut at Federal Barbers, low-priced medicines and wellness supplies at Capital Care Pharmacy and discounted fuel and Solane LPG at Landers-Caltex gas station. Landers Arca South offers easy access to major promos and events like Super Crazy Sale, Super Fuel Sale, Piso Sale, Wine Festival, Fresh and Produce Sale and more. To enjoy access to the store and its extensive list of perks, shoppers need to apply for membership in-store or at www.landers.ph. Membership fees are currently priced at P350 or 50-percent off the regular fee of P700 as a special treat for Landers Arca South’s opening week. Visit Landers Arca South at Arca Blvd, Western Bicutan, Taguig City. The post Landers opens ninth superstore in Taguig appeared first on Daily Tribune......»»
Ayala completes first phase of Vietnam solar platform acquisition
ACEN Corp., Ayala Group’s energy unit, has closed the first of four phases of its acquisition of Super Energy Corporation Public Company Limited’s (SUPER) solar power firm in Vietnam, following their share purchase agreement last year......»»
Casecnan attracts 7 bidders
The Power Sector Assets and Liabilities Management Corp. has shortlisted seven qualified firms – including the Aboitiz, Meralco, Ayala, Yuchengco and Romero groups – for the sale of the 165-megawatt Casecnan Hydroelectric Power Plant......»»
Meralco secures power supply deal with GNPower
The Manila Electric Co. has secured a new emergency power supply deal with the joint venture of the Aboitiz and Ayala groups that would help reduce the power distributor’s dependence on volatile spot market prices this month......»»
UnionBank completes P12-B stock rights offer
Aboitiz-led Union Bank of the Philippines has completed its stock rights offering meant to raise cash for the company’s capitalization and additional funding for its nascent digital bank......»»
Globe completes 1,064 new cell sites in 9 months
Ayala-led Globe Telecom Inc. has completed more than 1,000 new cell sites in the first nine months as part of efforts to support the government’s push for universal connectivity......»»
Aboitiz, Ayala conglomerates bet big on data centers
Two of the country’s biggest conglomerates are betting on the growing data center business......»»
Aboitiz-Ayala coal venture starts operations in August
GNPower Dinginin Ltd. Co., an Aboitiz-controlled firm with Ayala’s power unit as partner, is working to restart commissioning and commercial operations of its 668-megawatt Unit 1 coal-fired plant to augment the capacity of its Luzon grid......»»
Baltimore bridge accident: Freighter pilot called for tugboat help before plowing into bridge
BALTIMORE — The pilot of the cargo freighter had radioed for tugboat help and reported a power loss minutes before the Baltimore bridge accident, federal safety officials said on Wednesday, citing audio from the ship’s “black box” data recorder. The head of the National Transportation Safety Board also said that Francis Scott Key Bridge, a.....»»
Squirrel involved in power outage provided shelter and care by More Power
Squirrel involved in power outage provided shelter and care by More Power.....»»