News

Aboitiz Construction, the official construction arm of the Aboitiz Group, has significantly broadened its scope with the introduction of its Industrial Maintenance segment. Launched last year, this new venture has quickly gained momentum, with numerous successful projects highlighting the company’s growing expertise and commitment to quality and safety.

On June 27, 2024, Aboitiz Land held a ceremonial Memorandum of Understanding signing for Project Rake, which will deploy a beach cleaning machine along the shores of San Juan, Batangas. In photo (from left) Mr. Noelito Pasco, Officer, Municipal Environment and Natural Resources Office; Hon. Ildebrando Salud, Municipal Mayor, San Juan, Batangas; Mardi Mapa-Suplido, Chief Operating Officer, Aboitiz Foundation; and Erika Maguad-Tibayan, Marketing and Branding Senior Manager, Aboitiz Land.

Balamban, Cebu – Aboitiz InfraCapital (AIC) Estate Water has achieved a significant milestone in operational efficiency and sustainability with the successful launch of its pilot solar deep well program. This initiative transitions its deep well facility in West Cebu Estate, an AIC Economic Estate, to a fully off-grid, solar-powered system. The program integrates solar panels and a direct current (DC) solar water pump, enhancing the facility’s energy independence and environmental footprint.

In a meeting with President Ferdinand Marcos Jr., the Private Sector Advisory Council (PSAC) Healthcare Sector placed a strong emphasis on building capability and capacity within the healthcare system of the Philippines. This meeting highlighted the council’s commitment to collaborating with the government to enhance the country’s healthcare infrastructure and workforce.

To expand financial inclusion and support human capital development in the Philippines, the International Finance Corporation (IFC) is investing $100 million in a social bond issued by City Savings Bank, Inc. (CitySavings), the first thrift bank to issue a social bond in the country. The social bond follows ICMA’s Social Bond Principles and the ASEAN Social Bond Standard.

Aboitiz Equity Ventures (AEV) and Union Bank of the Philippines (UBP) have been recognized by Fortune, a global multi-platform media company, as two of the best performing companies, a testament to the Group’s transformation initiatives to become the country’s first techglomerate. On June 18, Fortune announced its newest category of business ranking, Southeast Asia 500, citing AEV among the top businesses in the region. Firms included in the list join an elite group of companies recognized under the Fortune 500 franchise.