Aboitiz group boosting nonpower businesses

MANILA, Philippines — Aboitiz family-led conglomerate Aboitiz Equity Ventures (AEV) is eyeing to strengthen its nonpower business through its recent acquisitions, hoping to achieve a balance among its units. AEV chief financial officer Jose Emmanuel Hilado said they aimed to have at least 50 percent of the group’s earnings before interest, taxes, depreciation, and amortization Read The Rest at :