Aboitiz Group expanding big industrial park in Cebu
Cebu Industrial Park Developers Inc., a joint venture of the Aboitiz Group and Tsuneishi Group of Japan, is expanding West Cebu Industrial Park to generate 5,000 new jobs by end of 2022. .....»»
Aboitiz Group raises 2024 capex
The Aboitiz Group is poised to expand its various business units this year, supported by a substantial increase in capital expenditures......»»
Philippines bows down to Iraq in FIFA Qualifiers
CEBU CITY, Philippines — Mohanad Ali scored a late goal for Iraq that sent the Philippines to the bottom of Group F in the FIFA World Cup 2026 and AFC Asian Cup Qualifiers on Friday, March 21 (March 22, Manila Time) at the Basra International Stadium in Iraq. With the defeat, the Philippines’ chances to.....»»
Palarong Pambansa 2024 earns support from Mandaue, Cebu business leaders
CEBU CITY, Philippines– The Cebu Chamber of Commerce & Industry (CCCI) and the Mandaue Chamber of Commerce & Industry (MCCI) will give out their full support to the organizers of the upcoming Palarong Pambansa 2024 scheduled in July. In a meeting last March 18 at the board room of the Aboitiz Corporate Center, CCCI President.....»»
Visayan Electric, Aboitiz Foundation partner for rewiring Cebu schools
Visayan Electric, Aboitiz Foundation partner for rewiring Cebu schools.....»»
Limpag: Aboitiz Cup dead, time for Cebu to move on
Limpag: Aboitiz Cup dead, time for Cebu to move on.....»»
Envi group raises concern over Aboitiz coal expansion in Cebu
Envi group raises concern over Aboitiz coal expansion in Cebu.....»»
Aboitiz InfraCapital’s West Cebu Estate Earns Recognition as ‘Best Industrial Development in Asia’ at Asia Property Awards
In its inaugural appearance at PropertyGuru’s Asia Property Awards, Aboitiz InfraCapital (AIC) Economic Estates’ West Cebu Estate clinched the prestigious title of “Best Industrial Development in Asia.” This recognition shines a spotlight on Balamban, Cebu, establishing it as a vibrant global investment hub. The achievement is attributed to the strong economic and social development fostered […].....»»
Aboitiz Group set to acquire CCBPI early next year
Cebu-based conglomerate Aboitiz Group has moved a step closer to acquiring Coca-Cola Beverages Philippines Inc......»»
Aboitiz Group accelerates drive to ‘techglomerate’ transformation
Cebu-based Aboitiz Group has laid the groundwork for expansion next year of its different business units as it continues with its Great Transformation journey to become the country’s first ‘techglomerate.’.....»»
Aboitiz Equity profit down 16 percent in 9 months
Aboitiz Equity Ventures Inc., the Cebu-based conglomerate, reported a consolidated net income of P18 billion in the nine months to September, 16 percent lower than the P21.4 billion recorded during the same period last year......»»
Blueprint for a sustainable tomorrow
Through a combination of cutting-edge technology, data science and a culture of innovation, Aboitiz Land is making innovative strides in the real estate industry, establishing benchmarks for sustainability and community development. This commitment to adaptability and progress was underscored by Aboitiz Land CEO and president David Rafael during his presentation at the CEO Forum of the CREBA Golden Jubilee National Convention & Housing Expo on 28 September 2023, held at Conrad Manila. Aboitiz Land's dedication to environmental sustainability is evident in every facet of its residential real estate developments. The company's sustainable master plan features prioritize harmony with nature, respecting the natural topography of the land and integrating existing water and landforms like lagoons and hilly terrain seamlessly. This human-centric approach extends to the promotion of green open spaces across high-end and mid-market projects, fostering a connection between residents and the environment. A pinnacle of this commitment is its residential enclave, The Villages at Lipa, within the 800-hectare integrated LIMA Estate. LIMA Estate proudly holds a five-star BERDE certification, a testament to its eco-friendly practices including energy and water efficiency, waste management and community well-being. Poised to become a blueprint for smart cities, it leverages digital technologies for enhanced urban operations. Aboitiz Land also embraces innovation in construction technology, utilizing precast concrete panels to reduce greenhouse emissions associated with traditional concrete production. This approach not only contributes to a significant reduction in environmental impact but also translates into tangible benefits for homeowners, including reduced energy consumption. Aboitiz Land understands the urgent demand for accessible and quality housing in the Philippines. The company addresses this by strategically placing its projects near emerging growth centers and infrastructure. This not only eases congestion in central business districts but also creates job opportunities for thousands of Filipinos. Aboitiz Land’s notable developments include The Villages at Lipa in LIMA Estate, Foressa Mountain Town in the West Cebu Estate and Ajoya communities in key areas of Central Luzon, which is at the heart of the current infrastructure development and growth centers. To help address the critical issue of 6.5 million housing backlog and rising property costs, Aboitiz Land has introduced OneVecino, an innovative digital platform. This tool provides digitized solutions for property search, payments, customer support and property management. It's tailored to cater to the needs of overseas Filipino workers, making home buying more accessible and secure. Aboitiz Land's commitment to community well-being is likewise demonstrated through various CSR initiatives. Elevate AIDA, in partnership with Connected Women, provides digital skills training to women near our communities in Luzon, advances gender parity and promotes socio-economic development. Meanwhile, Project Banca, recognized as an Outstanding CSR Project in Disaster Resilience, supported 60 fisherfolks with motorized fishing boats in areas affected by typhoon “Odette,” showcasing Aboitiz Land's dedication to community well-being and resilience. Aboitiz Land's corporate governance framework is rooted in core values of Integrity, Teamwork, Innovation and Responsibility. The developer is the real estate arm of the Aboitiz Group, which has consistently been acknowledged as one of the best managed conglomerates in the ASEAN region, exemplified by the Golden Arrow Recognition awarded to Aboitiz Equity Ventures. The post Blueprint for a sustainable tomorrow appeared first on Daily Tribune......»»
Prize builder
Aboitiz Land, renowned for its quality and innovation in real estate, achieved success at The Outlook by Lamudi Awards 2023 in September. The prestigious event at Shangri-La Fort witnessed Aboitiz Land securing multiple accolades, underscoring unwavering commitment to creating distinctive living spaces for the community. Seafront Residences takes second consecutive win for Best Premium House (Luzon). It features generously spread amenities including diamond parks fronting Budji+Royal houses, beachfront clubhouse and a town center that will offer well-curated retail and F&B establishments. Offering premier seaside living, Seafront Residences is a unique experience for those seeking the perfect balance between luxury and coastal beauty. Ajoya Cabanatuan, located in Barangay Valle Cruz, Nueva Ecija, has been awarded the Best Affordable House in Luzon for 2023. It offers well-designed homes and carefully planned amenities, providing residents with spacious open areas and a well-maintained environment. Additionally, the homes are designed to suit the local climate, ensuring a comfortable and sustainable living experience. What sets Ajoya Cabanatuan apart is its accessibility for the mid-market segment. While access to generous green open spaces is often associated with high-end projects, Aboitiz Land has extended these amenities to cater to the mid-market segment. This inclusivity ensures that more individuals and families can enjoy the benefits of modern living without compromising quality or comfort. Amoa has garnered recognition as the Bronze Awardee for Affordable House of the Year for Visayas and Mindanao. Amoa boasts carefully designed neighborhoods and a one-hectare central amenity, making it an ideal community for families in search of a comfortable living experience in Compostela, Cebu. By offering urban living amidst a serene natural setting, Amoa reflects Aboitiz Land’s commitment to delivering affordable, quality living spaces. Aboitiz Land recognized as Bronze Awardee for Developer of the Year and Digital Innovator of the Year. Aboitiz Land’s dedication to making strides in real estate development has been acknowledged with the Bronze Award for Developer of the Year for Visayas and Mindanao and Digital Innovator of the Year. This dual recognition reflects the company’s innovative approaches, including the introduction of OneVecino, their digital ecosystem. OneVecino aims to assist home seekers in various aspects such as property search, payments, customer support, and property management. This achievement underscores Aboitiz Land’s commitment to leveraging digital technologies to enhance the overall experience for all stakeholders in the industry. Moreover, Aboitiz Land is a developer known for its premium and exclusive communities in Cebu, including North Town Homes, Mahogany Grove, Pristina North, Priveya Hills and Foressa Mountain Town. These communities continue to be among the most respected in terms of quality and value in the region. The Outlook by Lamudi Awards is an esteemed event that spotlights industry leaders and outstanding projects in the Philippine real estate landscape. The post Prize builder appeared first on Daily Tribune......»»
Cebu City eyes 100 electric vehicles
The local government of Cebu City is planning to acquire at least 100 electric vehicles that will ply major roads in the city by next year as it aims a greener and more sustainable land transportation system in Cebu City. North district City Councilor Joel Garganera, chairman of the committee on environment told DAILY TRIBUNE that the city expects to receive at least 10 e-vehicles from Global Electric Transport by the first quarter of 2024. “This could be the first large-scale electric vehicle deployment by a local government unit in the Philippines,” said Garganera, adding that the local government has allocated P150 million for the purchase of e-vehicles, while P50 million was pledged by businessman Endika Aboitiz and P100 million will come from the Aboitiz Foundation’s donation. About P300 million is needed to purchase 100 units of EVs. The unit cost per EV is pegged at P4.2 million but under the special agreement with GET, each unit can be purchased for only P3 million and the city will pay only P1.5 million for each unit as the remaining P1.5 million will be paid by the private sector. Garganera also disclosed that in the tripartite agreement between the City, GET and Aboitiz Foundation, it will be GET that will operate the e-vehicle units as well as provide the necessary maintenance at no cost to the city. He reiterated that green mobility aims to reduce a diverse set of environmental impacts primarily caused by the transport sector. “The goal is for the transport sector to decarbonize and decrease the current level of emissions to a low-carbon scenario,” Garganera said. Studies revealed that 50 to 70 percent of the air pollution in most cities is attributed to the carbon emissions from fuel-powered vehicles, noting that air pollution kills seven million people per year based on a GET report. In terms of maintenance, EVs have low-cost maintenance compared to traditional gasoline-powered vehicles since fewer materials are involved. The post Cebu City eyes 100 electric vehicles appeared first on Daily Tribune......»»
Livehood kits for families in Eastern Visayas, Northern Mindanao
It has been over a year since typhoon “Odette” devastated provinces in the Visayas region, but its impact still remains especially among residents whose livelihoods were severely affected. For Ramon Aboitiz Foundation Inc.-Microfinance, Aboitiz Foundation Inc. and Pilmico Foods Corporation, recovery is the most important step for communities and families to be able to bounce back and become more resilient. On their second year of “Padayon sa Pagbusay (Paddle Unceasingly)” program, the Aboitiz business units gave egg machine livelihood kits to several families in Samar, Leyte, Negros Oriental and Misamis Oriental. In addition to the egg machines, the families will be provided technical and knowledge assistance to help them manage their businesses better. Aboitiz Foundation president and chief operating officer Maribeth Marasigan highlighted the importance of empowering recovering communities. “We in the Aboitiz Foundation try our best to help the communities where we operate. We want to see the communities rise and succeed. Our goal is to help them recover and become more resilient communities. We thank our local partners, the Aboitiz business units, who came together to extend valuable assistance,” she said. The group’s integrated agribusiness and food subsidiary said it is always ready to extend assistance across the nation. “At Pilmico, we’re not just supporting farmers, we’re aiming to elevate the agriculture industry as a whole. With the help of the Aboitiz Foundation, our commitment to empowering farmers nationwide extends beyond this project. It’s a testament to our unwavering dedication to advancing business and communities,” said Greg Canoy, CSR supervisor of Pilmico. Last year’s beneficiaries of the group’s livelihood kits were in Cebu and Samar. Each kit included an egg machine, 144 ready-to-lay hens, Pilmico feeds, a weighing scale and animal health products. “I thank Pilmico, Aboitiz Foundation and RAFI-MFI for choosing me as one of the beneficiaries for this project. This huge opportunity will be of great help to us. Thank God for this blessing,” said Marietta Cadayday, one of the beneficiaries. “Padayon sa Pagbusay” is part of RAFI-MFI’s livelihood program that aims to empower families by providing them with sustainable livelihood opportunities. “This is the start of our rebuilding, which includes rebuilding our businesses and lives, not just ours but our families and communities where we belong. These livelihood kits, which I am thankful for, would be impossible without our partners. We have our grantors who unselfishly helped us in Leyte, Negros Oriental and Misamis Oriental,” said Iris Dorado, vice president for Business Development of RAFI-MFI. The post Livehood kits for families in Eastern Visayas, Northern Mindanao appeared first on Daily Tribune......»»
Vivant bullish on solar PV as viable RE source
Cebu-based Vivant Energy Corp., through its retail company COREnergy Inc., is banking on the potential of solar photovoltaic ventures to expand its renewable energy portfolio. Vivant Energy president and COO Emil Andre M. Garcia said in a press statement on Friday that there is a “particularly strong interest” in solar PV, a technology that can be a viable source of renewable energy in the country. “Interest in renewable energy sources has been increasing as more and more industries look for ways to future-proof their businesses. This is another step towards our goal to expand our RE portfolio by 30 percent by 2030,” Garcia said. RE development ventures announced This week, Vivant Energy announced two renewable energy development ventures — a 20-year power supply agreement with Samal Solar Renewable Energy Corp. or SSREC and a tripartite deal with Aboitiz Renewables, Inc. and Vena Energy to develop, build, and operate a 200-megawatt or MW wind project in the Visayas. According to Garcia, these developments will translate to better retail electricity services and solar and energy engineering solutions that will benefit consumers and business owners. COREnergy is a retail company that offers total energy solutions to commercial and industrial establishments. For this year, the company targets to add 18 MW of solar rooftop generation capacity. Last year, it contributed to the renewable energy target of the entire Vivant Group by growing its rooftop solar business from 2 MW to 6 MW. The post Vivant bullish on solar PV as viable RE source appeared first on Daily Tribune......»»
Vivant bullish on solar PV as viable renewable energy source
Cebu-based Vivant Energy Corp., through its retail company COREnergy Inc., is banking on the potential of solar photovoltaic ventures to expand its renewable energy portfolio. Vivant Energy President and COO Emil Andre M. Garcia said in a press statement on Friday that there is a "particularly strong interest" in solar PV, a technology that can be a viable source of renewable energy in the country. “Interest in renewable energy sources has been increasing as more and more industries look for ways to future-proof their businesses. This is another step towards our goal to expand our RE portfolio by 30 percent by 2030," Garcia said. This week, Vivant Energy announced two renewable energy development ventures — a 20-year power supply agreement with Samal Solar Renewable Energy Corp. or SSREC and a tripartite deal with Aboitiz Renewables, Inc. and Vena Energy to develop, build and operate a 200-megawatt or MW wind project in the Visayas. According to Garcia, these developments will translate to better retail electricity services and solar and energy engineering solutions that will benefit consumers and business owners. COREnergy is a retail company that offers total energy solutions to commercial and industrial establishments. For this year, the company targets to add 18MW of solar rooftop generation capacity. Last year, it contributed to the renewable energy target of the entire Vivant Group by growing its rooftop solar business from 2 MW to 6 MW. The post Vivant bullish on solar PV as viable renewable energy source appeared first on Daily Tribune......»»
Aboitiz Foundation empowers communities
Aboitiz Foundation highlighted the importance of empowering recovering communities. “We in the Aboitiz Foundation try our best to help the communities where we operate. We want to see the communities rise and succeed. Our goal is to help them recover and become more resilient communities. We thank our local partners, the Aboitiz business units, who came together to extend valuable assistance,” president and chief operating officer Maribeth Marasigan said. The group’s integrated agribusiness and food subsidiary is always ready to extend assistance across the nation. “At Pilmico, we’re not just supporting farmers, we’re aiming to elevate the agriculture industry as a whole. With the help of the Aboitiz Foundation, our commitment to empowering farmers nationwide extends beyond this project. It’s a testament to our unwavering dedication to advancing business and communities,” Greg Canoy, CSR supervisor, Pilmico Foods Corporation, said. This year the foundation extended more livelihood kits to several families in Samar, Leyte, Negros Oriental and Misamis Oriental in addition to last year’s beneficiaries in Cebu and Bohol. Each kit includes an egg machine, 144 ready-to-lay hens, Pilmico feeds, a weighing scale, and animal health products. “I thank Pilmico, Aboitiz Foundation and RAFI-MFI for choosing me as one of the beneficiaries for this project (Padayon sa Pagbusay). This huge opportunity will be of great help to us. Thank God for this blessing,” Marietta Cadayday, one of the beneficiaries, said. Livelihood opportunities offered “Padayon sa Pagbusay” is part of RAFI-MFI’s livelihood program which aims to empower families by providing them with sustainable livelihood opportunities. “This is the start of our rebuilding, which includes rebuilding our businesses and lives, not just ours but our families and communities where we belong. These livelihood kits, which I am thankful for, would be impossible without our partners. We have our grantors who unselfishly helped us in Leyte, Negros Oriental, and Misamis Oriental,” Iris Dorado, vice president for Business Development, Ramon Aboitiz Foundation Inc. — Microfinance, said. Pilmico Foods Corporation and Gold Coin Management Holdings are the integrated agribusiness and food companies of Aboitiz Equity Ventures Inc. Gold Coin is now fully-managed and owned by Pilmico International and to date, it is the largest investment in the Asia-Pacific region in their shared history. Pilmico comprises four divisions: Flour, Feeds, Farms, and Trading; enabling growth to its partners through its consistent quality products and unparalleled supporting services. Meanwhile, Gold Coin is a pioneer in animal nutrition and the manufacturing of scientifically-balanced animal feed in Asia. The post Aboitiz Foundation empowers communities appeared first on Daily Tribune......»»
AboitizPower, Vivant, Vena Energy to put up Northern Samar wind project
Aboitiz Power Corp. is teaming up with Singapore-based Vena Energy and Cebu-based Vivant Energy Corp. to put up a 206-megawatt wind power project in the Visayas......»»
ARI in troika to build Visayas wind project
Aboitiz Renewables Inc. or ARI, the renewable energy arm of Aboitiz Power Corp., Singapore-headquartered Vena Energy, and Cebu-based Vivant Energy Corp., have teamed up to develop, build, and operate a 200-megawatt or MW wind project in the Visayas. The project, dubbed as San Isidro Wind Power Project, will be built in San Isidro, a fourth-class coastal municipality in the Province of Northern Samar. It will be undertaken by the joint venture company that the parties formed called Lihangin Wind Energy Corp. Construction starts Q4 2023 As disclosed in the separate stock reports of ARI and Vivant Energy on Wednesday, which are both publicly listed companies, the wind plant will begin construction within the last quarter of the year. It is scheduled to be completed by early 2025. “We are excited to partner with Vena Energy and Vivant Energy so that together, we can contribute to the Philippines’ clean energy aspirations. This undertaking demonstrates ARI’s progress in growing its renewable energy capacity to 4,600 MW,” ARI president and chief operating officer James Arnold Villaroman. “Each of these investments is an important step to achieving a 50:50 balance in our renewable and thermal portfolios. We are very excited about these opportunities to contribute to the country’s energy transition journey,” he added. Meanwhile, Emil Andre Garcia, president and COO of Vivant Energy, reiterated that their undertaking will “bring us closer to the goal to expand our RE portfolio to 30 percent by 2030.” “We welcome this opportunity to partner with two leaders in renewable energy development who share our vision of helping the country attain energy security while promoting renewable energy and contributing to countrywide development,” Garcia said. Most diversified AboitizPower presently has the largest and most diversified local renewable energy platform in terms of installed capacity under its operational control. Currently, close to 1,000 MW of renewable energy projects — including wind and solar farms and more geothermal capacities — are in its pipeline. The post ARI in troika to build Visayas wind project appeared first on Daily Tribune......»»
Visayan Electric pushes EVs
Metro Cebu’s power distribution firm Visayan Electric on Monday announced that it has adopted the electric vehicle system among its service vehicles. According to Visayan Electric president and chief operating officer Engr. Raul Lucero, the Aboitiz Power distribution company is slowly transitioning the use of zero-emission vehicles as commuting service to their engineers, technicians and repair crew. He cited that the battery-powered vehicles are cleaner and more efficient compared to fuel-powered vehicles. “We believe that electric-vehicles provide benefits to the environment, benefit to the economy, and to the overall quality of life. Why? Because these electric vehicles do not produce tailpipe emissions. It reduces air pollution and this is a significant step towards combating climate change and improving the air quality in our cities,” Lucero said. “They are also very efficient and possibly lower maintenance cost for these vehicles,” he added. Aboitiz Power in a statement said aside from reduction of emissions, EVs contribute to the company’s bottom line of improved energy efficiency and transportation economics as the cost per kilometer traveled of a unit is at least half compared to internal combustion engine vehicles. The EVs were imported from China-based BYD Company and the cost per unit ranges from P2-P2.5 million including the battery which cost about P700,000. The battery lifespan is seven years. BYD is said to be the largest electric vehicle manufacturer in the world. When fully charged, the EVs run about 120 kilometers. It is fast-charging, which allows to reach a full 100 percent charge in less than an hour. “We aim to achieve 40 percent electrification for our four- wheeled vehicles and motorbikes by 2030 and finally transform and electrify 100 percent of the Aboitiz Power DU fleet by 2040,” said Aboitiz Power Distribution Utilities chief operating officer Anton Perdices. The post Visayan Electric pushes EVs appeared first on Daily Tribune......»»