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Aboitiz Equity boosts capex to P104.6B for 2025

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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Aboitiz set to take over 2 regional airports

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 popular tourist destinations. Transport Undersecretary for Aviation Jim Sydiongco, on the sidelines of an event in Pasay on Monday, said Aboitiz InfraCapital would take over the Laguindingan In...

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