A new partnership between the Lapu-Lapu City Government and the Board of Investments is expected to strengthen Cebu’s investment climate, with private sector participation—particularly from Aboitiz InfraCapital—seen as a key catalyst for long-term growth.
Laguindingan International Airport, the country’s tenth busiest gateway operated by Aboitiz InfraCapital, recently staged a high-stakes emergency simulation that looked less like a routine compliance exercise and more like a full-scale stress test of how an airport actually holds together under pressure.
Aboitiz InfraCapital Cebu Airport Corp. convened tourism stakeholders to assess the potential impact of the ongoing Middle East crisis on Cebu’s travel sector, as rising global jet fuel prices threaten to dampen demand.
Aboitiz InfraCapital (AIC) Airports has convened its airport units for its first-ever Risk Day, aimed at strengthening operational resilience and long-term stability across its growing network.
Aboitiz InfraCapital, Inc. is strengthening its push for infrastructure development in Mindanao through deeper public-private partnerships, highlighting the role of regional airports in driving economic expansion.
OceanaGold Philippines Inc. (OGPI) has allocated P768.43 million under its Final Mine Rehabilitation and Decommissioning Plan (FMRDP) for the Didipio gold and copper mine that spans Nueva Vizcaya and Quirino provinces. In a statement released Sunday, the listed mining firm confirmed that P551.4 million has already been placed in a trust fund. The company said the fund will keep growing in line with required annual contributions as it moves forward with rehabilitation and closure preparations while the mine remains active.
The Energy Regulatory Commission (ERC) has granted the National Transmission Corporation (TransCo) provisional authority to collect a higher Feed-in Tariff Allowance (FIT-All) rate starting this month. The rate will rise to P0.3359 per kilowatt-hour (kWh) from the existing P0.2011 per kWh, marking an increase of P0.1348 per kWh. This adjustment covers the approved working capital allowance (WCA) rate update.
Listed Manila Electric Co., the country’s largest power distributor and better known as Meralco, on Sunday said it will immediately comply with the Energy Regulatory Commission's (ERC) directive to refund about P9.5 billion to customers, backing the government's push to deliver quicker and more transparent electricity bill relief.
The Philippine Chamber of Commerce and Industry (PCCI) said the government's plan to scrap systems loss charges and the value-added tax (VAT) on electricity bills should serve as a springboard for broader reforms aimed at lowering power costs and improving the country's investment competitiveness.