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AboitizPower expands to Vietnam

Manila Bulletin

|

October 31, 2025

Aboitiz Power Corp. (AboitizPower) is embarking on its first investment abroad through the acquisition of an equity stake in a power plant in Vietnam.

- By GABRIELL CHRISTEL GALANG

In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, Oct. 30, AboitizPower announced that it had acquired a 25-percent equity stake in Van Phong Power Co. Ltd. (VPCL), giving it a minority interest in the company's coal-fired power plant. The stake was purchased from Tokyo-based Sumitomo Corp. for $220 million (approximately ₱12.9 billion).

Manila Bulletin からのその他のストーリー

Manila Bulletin

Manila Bulletin

Peso weakness weighs on debt goal

Despite the nearly two-percent month-on-month hike in foreign borrowings, the national government's (NG) outstanding debt fell to P17.455 trillion in September, though top finance officials warned that further reductions will depend heavily on the peso's strength against the United States (US) dollar.

time to read

2 mins

October 31, 2025

Manila Bulletin

Manila Bulletin

PNP: Be alert vs common crimes during 'Undas'

As millions of Filipinos travel to observe the All Saints' Day and All Souls' Day and to take advantage of the long weekend for a vacation, the Philippine National Police (PNP) urged the public to exercise maximum vigilance to protect themselves from criminal elements.

time to read

6 mins

October 31, 2025

Manila Bulletin

At the heart of Rajo Laurel

The noted Filipino designer returns to his roots with a timeless collection and an inviting retail space that evokes family warmth and the wearable style

time to read

2 mins

October 31, 2025

Manila Bulletin

Manila Bulletin

Don't turn your Undas trip into a car horror story

Avoid road mishaps with pre-trip checks

time to read

3 mins

October 31, 2025

Manila Bulletin

Asia Brewery bets ₱1B on yogurt production

Asia Brewery Inc. (ABI), a unit of the Tan-led conglomerate LT Group Inc. (LTG), is set to invest up to ₱1 billion to build a factory in Laguna province to produce shelf-stable yogurt, expected to be the first of its kind in Southeast Asia.

time to read

2 mins

October 31, 2025

Manila Bulletin

President honors new generation of boxing champs

President Ferdinand R. Marcos Jr., who joined boxing fans to commemorate the 50th anniversary of the legendary \"Thrilla in Manila,\" has honored the new generation of Filipino boxing champions.

time to read

1 mins

October 31, 2025

Manila Bulletin

Manila Bulletin

MG launches the TRQ L pickup

A new truck contender

time to read

2 mins

October 31, 2025

Manila Bulletin

Gold mine in GenSan

Lim, Santor shine brightest in Batang Pinoy

time to read

2 mins

October 31, 2025

Manila Bulletin

BSP: Price increases speed up in October

Peso depreciation, alongside higher prices of basic consumer goods and electricity, might have pushed the inflation rate to between 1.4 percent and 2.2 percent in October, according to the Bangko Sentral ng Pilipinas (BSP).

time to read

1 min

October 31, 2025

Manila Bulletin

Forex 'unlikely' to breach ₱60 vs USD

Private-sector economists said the Philippine peso is unlikely to fall to the ₱60 level against the United States (US) dollar, as the Bangko Sentral ng Pilipinas (BSP) closely monitors developments that could warrant intervention or an adjustment in its easing cycle to support the local currency.

time to read

2 mins

October 31, 2025

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