electricity, power poles, power lines

AEV profit jumps 276% as businesses pick up

Conglomerate Aboitiz Equity Ventures (AEV) saw a 276-percent year-on-year first quarter net profit growth to P7.6 billion, driven by the sharp earnings rebound across its power, banking, food, real estate and infrastructure businesses. Excluding non-recurring items, AEV’s core net income for the first three months of 2021 amounted to P7.8 billion, up by 243 percent…

hand, type, keyboard

Unionbank focuses on new products, platforms

Aboitiz-led Union Bank of the Philippines has invested some P1.9 billion to create new products and platforms that would contribute to social sustainability metrics amid the prolonged coronavirus (COVID-19) pandemic. This investment has, in turn, allowed the bank develop over 100 products and platforms that benefit the bank’s stakeholders and customers, Unionbank head of sustainability…

A message from PAA

Agriculture is the mother of all professions. It is the undisputed foundation of all economies because no economy will survive without food. PAA is pleased to support the Inquirer’s Project Rebound to emphasize the critical role of the agriculture sector in achieving food security in the Philippines during this pandemic period and beyond. Roberto Ranola,…

Aboitiz keeps ‘economic engines’ running toward recovery

Over a year into the devastating COVID-19 pandemic, the Aboitiz Group is ready to march toward recovery with renewed —yet prudent—optimism. Like most other organizations, the Aboitiz Group encountered setbacks last year given quarantine restrictions that have dampened consumer demand and investor appetite. And yet the group’s strategic business units (SBUs) that operate in various…