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News and Events

Ayalas and Aboitizes Want to Design and Develop PH's National ID System

Project will collect, store, maintain, manage and authenticate identity information of Filipino adults

Companies belonging to two of the country’s largest family-owned conglomerates have teamed up to submit an unsolicited proposal to design and develop the country’s national identification system.In separate disclosures to the Philippine Stock Exchange (PSE) on Tuesday, August 14, Ayala Corporation (AC) ...

by Pauline Macaraeg  | August 14, 2018 03:00:00
News and Events

Aboitiz Group Submits Plan to Upgrade 4 Regional Airports for Php148-B

Proposal covers airports in Iloilo, Negros Occidental, Bohol and Misamis Oriental

The Aboitiz group submitted a Php148-billion unsolicited proposal to upgrade, expand, operate and maintain four of the country’s main regional airports yesterday, March 7.Through Aboitiz InfraCapital Inc., the group’s infrastructure business unit, the proposal aims to modernize and maintain over a 35-year ...

by Pauline Macaraeg  | March 08, 2018 11:00:00
News and Events

Duterte Praises the Zobel de Ayalas and Aboitizes as Responsible Business Owners

Though often critical of the elite, the president asks where would Davao and Makati be without the two wealthy families

President Rodrigo R. Duterte praised the enterprising families of the Zobel de Ayalas and the Aboitizes, two of the wealthiest families controlling sizeable portions of the economy, in a speech last November 18 in Davao City.The president spoke at the launch of ...

by Pauline Macaraeg  | November 22, 2017 10:00:00
News and Events

Is Your Company Among 6 PH Firms Included in Forbes’ List of the World’s Best 500 Employers?

The local companies include the country’s biggest banks and property developers

Six of the largest companies in the Philippines are among the best employers in the world, according to US business magazine Forbes.In its first-ever listing of The World’s Best Employers, Forbes ranked 500 companies around the world that were most recommended by ...

by Lorenzo Kyle Subido  | October 16, 2017 05:00:00
News and Events

Endika Aboitiz's $500M Pitch for E-Jeepneys Aims to Turn Drivers into Middle Class "Overnight"

The catch is that the cost will be borne by the government and taxpayers

When Enrique “Endika” Aboitiz, a member of the wealthy Aboitiz family, unveiled last July 20 a prototype for electric-powered jeepneys that his e-vehicle startup developed, he also put forward a grand bargain with the government. The Aboitizes are the country’s third richest ...

by Pauline Macaraeg and Glen Concio  | July 27, 2017 10:00:00
News and Events

Got Php50K? Lend to PH’s 2nd Largest Power Firm and Earn 5.34% p.a.

AboitizPower is issuing 10-year bonds until June 23

Aboitiz Power Corp., the country’s second largest publicly listed power firm by market capitalization, is selling up to Php3 billion worth of 10-year retail bonds that pay a fixed annual coupon rate of 5.3367 percent.AboitizPower will use the proceeds from this offer ...

by Lorenzo Kyle Subido  | June 21, 2017 03:00:00
Run & Grow

Courting millennials: A national business youth summit by the Aboitiz Group shows us how

No talk of forever at this year’s AFLBS, but responsibility and commitment were fully covered

“We don’t want to make it quick. This is not a one night stand. This is a courtship, for a marriage.”I just had to scribble that as quickly as I could, as soon as I heard, the words spoken by Xavier “Txabi” ...

by Jen Balboa  | December 01, 2016 12:00:00
News and Events

SM Investment Corporation leads Filipino firms on Forbes Global 2000 list

SMIC continues to be the top Filipino firm at 864th, while 8 other homegrown companies join the ranking.

SM Investments Corporation (SMIC) continues its streak to be the top Filipino firm in the prestigious “Forbes Global 2000” list with eight others from the country joining the roster of the world’s “biggest, most powerful and most valuable companies.”The list features companies ...

by Elyssa Christine Lopez  | May 26, 2016 02:00:00
News and Events

PETNET’s PERA HUB to widen loan offerings

With an affiliate thrift bank, PERA HUB outlets can now provide access to services like DepEd salary and GSIS pension loan programs.

MANILA, Philippines – Following the acquisition of the Aboitiz Equity Ventures (AEV) in mid-2015, PETNET is set to grow its services beyond remittances as it launched one-stop shop payment center, PERA HUB.“PERA HUB will serve as the vital channel through which AEV ...

by Elyssa Christine Lopez  | May 19, 2016 06:00:00
Run & Grow

Aboitiz Equity Ventures bullish as PH welcomes new leadership

The conglomerate reports P5B net income for Q1 and eyes further growth in all its core businesses.

With a P5-billion ($107.81-million) net income from the first quarter of 2016, publicly listed holding and investment company Aboitiz Equity Ventures, Inc (AEV) is bullish that its growth will continue, on the backdrop of an economy which fate is being watched as ...

by Lynda C. Corpuz  | May 17, 2016 10:00:00
News and Events

Kick start your day, May 12: PH stocks up for 2 straight days after election

Plus PH companies are now reporting their gains in Q1.

RiseThe Philippine Stock Exchange Index (PSEi) continue its rise for second consecutive day following the May 9 election.PSEi closed up 3.1% to 7396.52, adding to its 2.1% gain in the previous session, a positive development despite sharp exports decline in March. Investors ...

by Entrepreneur Staff  | May 12, 2016 08:00:00
News and Events

Who are the richest givers in the Philippines?

The billionaires in the country also engage their time and resources in various philanthropic efforts.

RICHEST GIVERS. From left: Aboitiz Equity Ventures CEO Erramon Aboitiz, Ayala Corporation Chairman Emeritus Jaime Zobel de Ayala, and SM Group of Companies Chairman of the Board Henry Sy lead the list of most generous givers among the richest men in the country. ...

by Elyssa Christine Lopez  | March 21, 2016 07:00:00
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