MANILA, Philippines — Aboitiz Equity Ventures Inc. (AEV) will raise its capital expenditure this year by 37 percent mostly to expand its power segment, its main income driver, while developing its other businesses. The conglomerate on Monday said it had earmarked P104.6 billion in capital outlays, P78.1 billion of which would go to Aboitiz Power Corp. Last year, the segment contributed...
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NEW LIFE A new and improved Laguindingan International Airport in Misamis Oriental is coming up soon, courtesy of the Aboitiz Group. —PHOTO FROM FACEBOOK OF CAAP AREA X MANILA, Philippines — The Laguindingan and Bohol airports are to be turned over to the Aboitiz Group in the first half, allowing the new operator to expand the passenger capacity of the gateways to popu...
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Discovering long-term opportunities with office spaces for sale at 1 Rockwell at IPI Center Done Rockwell, a future-ready investment in Cebu Known for its scenic beaches, rich history, and vibrant culture, Cebu is rapidly emerging as the next key business hub. The province’s dynamic market has been evolving with developers focusing on integrated communities that blend retail, residential,...
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Two decades on the PSE: SM Investments’ vision for the future BY Chino S. Leyco Mar 23, 2025 08:13 AM Two decades after listing on the Philippine Stock Exchange (PSE), SM Investments Corporation (SM Investments) is increasing its focus on its core retail, banking, and property sectors while aiming for regional market expansion and inclusive growth. SM Investments P...
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DAVAO CITY – Mindanao’s real estate sector is experiencing significant growth, driven by infrastructure development and urban expansion, the Mindanao Development Authority (MinDA) reported Monday. MinDA Secretary Leo Tereso Magno said demand for residential and commercial properties has reached unprecedented levels amid increasing business activities in the region, particularly...
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MANILA, Philippines — Cebu Landmasters Inc. (CLI), a listed property developer focused in the Visayas and Mindanao, plans to continue its aggressive capital spending this year to support its ongoing expansion, including the company’s planned entry into the Luzon market. CLI chief finance officer Grant Cheng said the company has allocated about P15 billion for its capital expenditure...
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