Aboitiz | Press Releases

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

23 Feb 2024

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),...

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

23 Feb 2024

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),...

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

22 Feb 2024

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...

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.

17 Feb 2024

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...

APRI capacitates Tiwi LGU officials through ER 1-94 Clinic

16 Feb 2024

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...

Aboitiz’s big bet on data science bears fruit

15 Feb 2024

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...

PSAC, Millenium meeting bolsters US-Philippines economic ties

12 Feb 2024

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...

Largest bulk water project in the country to address Davao’s growing water needs

07 Feb 2024

In photo (from left): Special Assistant to the President Anton Lagdameo, Jr.; Department of Environment and Natural Resources (DENR) Secretary Maria Antonia Yulo-Loyzaga; President Ferdinand...

APRI extends support in improving Tiwi’s health services

02 Feb 2024

Furnishing a Healthier Community. Tiwi Mayor Jaime Villanueva received the donated medical beds during the turnover event at Bariis health center last January 24 flanked...

Bukidnon residents to receive skills training through Aboitiz Construction, Aboitiz Foundation, TESDA and Maces Partnership

30 Jan 2024

SKILLS FOR SUCCESS. Through its social responsibility initiatives under Aboitiz Foundation, Inc., Aboitiz Construction recently signed a memorandum of agreement with the Technical Education and...