Aboitiz Construction was recently awarded the rehabilitation of the piers 1 & 2 and threshold facilities of Mariveles Grains Corporation (MGC) located in Mariveles, Bataan.The rehabilitation project kicked off last November 2021 and is expected to be completed in the fourth quarter of this year....
As efforts to restore power supply in most parts of Metro Cebu continue, AboitizPower subsidiary Cebu Private Power Corporation (CPPC) provided free charging to e-trike operators in Cebu City’s Barangay Ermita, its host community, to aid them in their livelihood.CPPC’s free charging for electric tricycles...
Visayan Electric Company, Inc. (Visayan Electric) announced that it is already investigating reports about linemen or contractors extorting money in exchange for prioritization of the re-electrification of their homes or establishments.The distribution utility added that it is taking this concern seriously and ensures that people who will be proven to have done such illegal...
Aboitiz Foundation, the corporate social responsibility arm of the Aboitiz Group partners with the uniformed men and women of the Armed Forces to deliver aid in the typhoon-stricken provinces of Cebu, Bohol, Leyte, and Surigao. Over 27,000 families benefited.“Days after Typhoon Odette struck several areas...
Despite logistical challenges, the Aboitiz Group, through its social development arm Aboitiz Foundation, Inc., (Aboitiz Foundation) mobilized its various business units all over the country to send aid to victims of Typhoon Odette in the Visayas and Mindanao.As of December 29, the Foundation has allocated...
The Ramon Aboitiz Foundation, Inc. (RAFI) has ended its first round of rapid assessment in Cebu, completing its assessment of Typhoon Odette’s (International: Rai) impact on the province. Rapid assessment teams have returned from the municipalities of Toledo, Pinamungajan, and Aloguinsan.Completion of the foundation’s first...
Publicly-listed holding firm Aboitiz Equity Ventures Inc. (AEV), the parent company of the Union Bank of the Philippines (UBP) disclosed its banking and financial services subsidiary’s acquisition of Citigroup Inc.’s (Citi) consumer banking business in the Philippines. The transaction includes Citi’s credit card, personal loans,...
The Aboitiz Group immediately responded to calls for aid to areas in the Visayas region that were badly hit by Typhoon Odette, mobilizing food and water donations and re-energization efforts initially in Cebu. Aboitiz Foundation, the social development arm of the Group, also opened an...
AboitizPower distribution unit, Visayan Electric, is ramping up its efforts to restore power and aid in the recovery of the affected communities in Cebu. With power transmission lines and substation assets severely damaged, transporting electricity from generators to distribution utilities and communities continues to be...
Aboitiz Equity Ventures Inc. (AEV) and JERA Co., Inc. (JERA) finalized today the latter’s acquisition of a 25.01% stake in Aboitiz Power Corporation (AboitizPower), following the turnover of USD1.463 billion payment and the fulfillment of several conditions, including a confirmation of non-coverage from the Philippine...