News for Aboitiz Equity Ventures, Inc. (ABOIF)

ABOITIZ Equity Ventures Inc. (AEV) recorded a 23-percent decline in net income for 2024 to P18.1 billion from P23.5 billion in 2023 after factoring in P7.4 billion in non-recurring items, mostly related to an asset impairment.

Based on Coca-Cola’s 10-K filing in 2024, Coca-Cola owns shareholdings in multiple companies which operate as regional Coca-Cola bottlers. The companies are p...

Coca-Cola Beverages Philippines, Inc. (CCBPI) has changed the company’s legal name from “Coca-Cola Beverages Philippines, Inc.” to “Coca-Cola Europacific Aboitiz Philippines, Inc.” (CCEAP). Following the announcement on 23 February 2024 on the completed acquisition of CCEAP by Coca-Cola Europacific Partners Plc (CCEP) and Aboitiz Equity Ventures, Inc. (AEV), the company has obtained approval from the […]

Bottler Coca-Cola Beverages Philippines Inc. has changed the company’s legal name to Coca-Cola Europacific Aboitiz Philippines Inc. “Our new name signifies an exciting new phase in our journey as we reaffirm our commitment to serving our customers, supporting our people and communities, and driving long-term growth for the country,” Gareth…

THE Energy Regulatory Commission (ERC) will re-evaluate the power supply agreements (PSA) of the Manila Electric Company (Meralco) with two subsidiaries of SMC Global Power—South Premiere Power Corp. (SPPC) and Excellent Energy Resources Inc. (EERI)—to make sure that the power firms do not go over the prescribed capacity of generation…

Aboitiz Construction Inc. said it has completed the construction of five warehouses for the Fast Logistics Group in Cebu. The project, encompassing a total floor area of 17,315 square meters, was completed in less than a year, Aboitiz Construction COO Ramez Sidhom said. The construction arm of the Aboitiz Group…

ABOITIZ InfraCapital, Inc. (AIC), the infrastructure arm of the Aboitiz Group, said Wednesday it has received the notice of award (NOA) to upgrade, operate and maintain the Bohol-Panglao International Airport, with upgrades set to take effect starting next year.

Top Philippine firms are looking to manage their debt payments by using the new peso interest-rate swap facility, a move that may bolster the nation’s push to deepen its capital market. But the companies said they would like to first see the market gain traction, with sizable volumes and a…

Conglomerate Aboitiz Equity Ventures Inc. (AEV) said its net income in January to September reached P18.8 billion, some 4 percent higher than last year’s P18 billion. For the third quarter alone, its net income fell 4 percent to P7.3 billion, from the previous year’s P7.6 billion. Power accounted for 64…

Aboitiz InfraCapital, the infrastructure arm of Aboitiz Equity Ventures Inc. (AEV), and House of Investments (HI), the non-bank holding company of the Yuchengco Group of Companies, are teaming up for the possible joint development of an expanded economic estate in Tarlac. The company said this will be conducted through Tarlac…

Aboitiz Land, Inc., the real estate arm of the Aboitiz Group, has announced the appointment of Rafael Fernandez de Mesa as the company’s new Chief Executive Officer effective January 1, 2025. He will succeed current president and CEO David Rafael, who will retire at the end of the year after…

TIME Magazine and Statista have named 13 Filipino firms, including three Sy-led companies, as among the World’s Best Companies for 2024. Among those included in the list were SM Investments Corp. (SMIC), SM Prime Holdings Inc. and China Banking Corp. “We are grateful to be part of the list of…