Aboitiz InfraCapital Economic Estates has signed contracts with two logistics companies Prestige Warehousing and Logistics (PWL) and JBY Equipment & Impex Logistics Inc. which will invest in West Cebu Estate in Balamban, Cebu. The industrial inventory release at West Cebu Estate has triggered a surge in investor interest, underlining the scarcity of available inventory in the ma...
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Cebu’s already-formidable economy has experienced rapid growth in recent years, thanks in part to the recent completion and greenlighting of several high-impact infrastructure projects. These projects are further heightening Cebu’s status as a regional business and cultural hub, improving connectivity, generating high-value jobs, and enhancing the quality of life for residents. ...
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ABOITIZ InfraCapital Economic Estates is planning to develop commercial areas within the West Cebu Estate this year. The plans include building the West Cebu Exchange, a commercial complex that will host food outlets, retail shops, basic services, a supermarket, and a transportation hub. “Beyond West Cebu Estate’s strategic location, its skilled population and lower cost of doing...
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ABOITIZPOWER has intensified its adoption of technology to better serve its clients and respond to power outages faster, especially in times of natural disasters. On Tuesday, Nov. 29, 2022, the listed company inked an agreement with Schneider Electric to enhance its current geographical information systems (GIS) by integrating the latter’s ArcFM Solution XI Series, the latest lineup of GI...
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ABOITIZ Equity Ventures Inc.’s (AEV’s) net income for the first nine months of 2019 was P15.7 billion, nine percent lower than the P17.3 billion recorded during the same period last year. AEV recognized non-recurring losses of P155 million, lower than the previous year’s P407 million, representing net foreign exchange and derivative losses. Without these one-off losses, AEV...
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MANILA, Philippines — After a challenging 2019, the Aboitiz Group sees better prospects next year amid new developments and projects coming on stream, particularly in the power business. The group has faced a lot of challenges this year, but “new and exciting things” are happening next year, Aboitiz Equity Ventures Inc. (AEV) chief financial officer Manuel Lozano said in a bri...
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