Aboitiz | press release

AboitizPower partners with top energy companies in PH’s first integrated LNG plant in Batangas

Aboitiz Power Corporation (AP) has entered into a landmark partnership with San Miguel Global Power Holdings Corp. (SMGP) and Meralco PowerGen Corporation (MGen), to launch the country's first and most expansive integrated liquefied natural gas (LNG) facility in Batangas. The milestone development between three of...

04 March, 2024

CitySavings named one of the 2024 Philippines’ Growth Champions

City Savings Bank (CitySavings) continues to cement its position to become the leading mass market bank in the country with its inclusion in the 2024 Philippines’ Growth Champions. The Philippine Daily Inquirer released the report with international market research firm Statista. This year’s Philippines’ Growth Champions...

29 February, 2024

Seafront Residences Dives into Successful Pawikan Outreach in Batangas

A total of 477 Pawikan hatchlings have been protected and released at the Pawikan Sanctuary in Seafront Residences, located in Brgy. Calubcub II, San Juan, Batangas, from December 2023 to January 2024. In a commendable display of community engagement, Aboitiz Land’s Seafront Residences vecinos (which means...

27 February, 2024

Aboitiz and CCEP complete Coca-Cola Beverages Philippines, Inc. acquisition

Aboitiz Equity Ventures Inc. (AEV) today announces it has, together with Coca-Cola Europacific Partners Plc (CCEP), completed its acquisition of Coca-Cola Beverages Philippines, Inc. (CCBPI), from The Coca-Cola Company (TCCC). Further to announcements made on 2 August 2023, 20 November 2023 and 30 January 2024, Aboitiz...

23 February, 2024

Aboitiz and CCEP complete Coca-Cola Beverages Philippines, Inc. acquisition

23 February, 2024

Aboitiz Land, Aboitiz Foundation, and the Philippine Coast Guard Auxiliary Forge Partnership for Community Development

The signing ceremony was joined by (from left) Aboitiz Foundation President Ginggay Hontiveros-Malvar, CGADSTL (Coast Guard Auxiliary District Southern Tagalog) Director of the Philippine Coast Guard Auxiliary, Auxiliary Commodore Mark Llandro Mendoza, Coast Guard Commodore Geronimo Tuvilla, Coast Guard District Commander, and Aboitiz Foundation Chief...

22 February, 2024

AP Renewables Inc. (APRI) together with the ER1-94 Desk of Aboitiz Power (AP), facilitated a one-day refresher training for its host communities through an event called the ER 1-94 Clinic last February 12 at Tiwi Geothermal Powerplant Conference Room, Tiwi, Albay. The refresher allows the host communities of APRI to be acquainted with the latest government rulings, circulars and policies concerning the utilization and liquidation of ER 1-94 funds. A total of 39 participated in the clinic which includes none the less the mayor of the town of Tiwi Hon. Jaime Villanueva and so are the leaders and treasurers of the 16 host barangays (Bagumbayan, Bariis, Belen, Biyong, Cale, Cararayan, Joroan, Libjo, Libtong, Lourdes, Maynonong, Naga, Nagas, Putsan, San Bernarda, Sugod) of APRI. As the community benefits of ER 1-94 extends up to the provincial and regional level, representatives from the Provincial Government of Albay and NEDA Region V also attended the said clinic. What is ER 1-94? Energy Regulation 1-94 or ER 1-94 was enacted by the National Government through the Department of Energy (DOE), to ensure that communities hosting power generation facilities will rightfully receive a fair share of the proceeds from the genco’s electric sales. GenCos are required to donate one centavo per kilowatt-hour sold (P0.0.1/kWh) to the ER 1-94 Fund. These funds can be accessed by the barangay, municipal, provincial and regional government units and will be useful in the creation of developmental projects that are aligned to Development and Livelihood Fund (DLF) and in the Reforestation, Watershed Management, Health and Environment Enhancement Fund (RWMHEEF). The Electrification Fund (EF) on the other hand, is available for power distribution utilities to access when they undertake electrification projects from areas currently lacking electricity supply. Some of the tangible projects that the LGUs can implement under these fund types include Livelihood and Community Development, Reforestation, Watershed Management and Climate Change Resiliency, Health Service Enhancement, Public Service facilities and AgroForestry. Tiwi Municipal Mayor Jaime Villanueva told the barangay officials “Siguraduhin ninyong magagamit ang ER 1-94 funds sa mga proyektong makakatulong sa inyong barangay.” Naga Brgy. Captain Delia Cobilla stressed the importance of the program for their constituents. She said, “ER 1-94 is a big help to all the host beneficiaries that can augment their funds in addressing the needs of the community. This activity enables us to further obtain knowledge on our ER funds.” Transparency With the overwhelming information, requirements, and processes, the clinic was able to give the end-to-end process of proposing and completing the projects. This initiative is to promote transparency between APRI, the government and the communities where APRI operates. This was further enhanced through the development of an online system called the Project AURISH (aka Automated Robot Inquiry System for Host Beneficiaries). This one-stop transactional website that is available 24/7 will help the LGUs monitor the status of their compliances to DOE. “We made a promise not only to advance our business, but also our communities. To do this, we believe that transparency and open communication is a key tool in the achievement of mutual trust, sustainable growth and shared prosperity. ” said APRI Vice President for Corporate Services, Leonardo Robel, Jr. “Hopefully, through the successful project implementation of our host LGUs, we help in uplifting the lives of many beneficiaries,” he added. Meanwhile, NEDA Region V was also invited in the activity to present the positive impact to the economy that the ER 1-94 could potentially do. Its Office Senior Economic Development Specialist, Ester Barria highlighted, “It is a very productive orientation regarding the ER funds. We hope to have a similar orientation in the Regional Development Council (RDC) and even to other non-host LGUs for their information. We look forward to more collaborations with APRI for the development of the host communities and the whole Bicol Region as well.” The improved Project AURISH 2.0 version will have its website orientation and demonstration session by the second quarter of the year in Tiwi and MakBan Geothermal Power Plants of APRI.

Gold Coin Indonesia, part of the Pilmico and Gold Coin Group, received a Best Aquaculture Practices (BAP) Certification in recognition of its aqua feed production practices. Gold Coin, a leading provider of high-quality aqua feeds, proudly announced that its Lampung Feedmill in Indonesia has been awarded...

17 February, 2024

APRI capacitates Tiwi LGU officials through ER 1-94 Clinic

Leaders of Change and Progress. Led by Tiwi Mayor Jaime Villanueva, officials of APRI’s host barangays and focal persons of the Local Government Unit of Tiwi posed for a group photo during the ER 1-94 Clinic last February 12 at APRI admin office. AP Renewables Inc....

16 February, 2024

Aboitiz’s big bet on data science bears fruit

Aboitiz scholar Gilbert Chua (standing) during his studies at the Asian Institute of Management-Aboitiz School of Innovation, Technology and Entrepreneurship (AIM ASITE) (Photo credits: Asian Institute of Management). In 2019, the Aboitiz Group donated US$10 million to the Asian Institute of Management (AIM) to establish the...

15 February, 2024

PSAC, Millenium meeting bolsters US-Philippines economic ties

Private Sector Advisory Council (PSAC) strategic convenor Sabin M. Aboitiz and PSAC leads engage in discussions with Millennium Challenge Corporation CEO Alice Albright, reinforcing economic collaboration between the US and the Philippines A significant gathering took place recently, underscoring the shared commitment to enhancing economic ties...

12 February, 2024