Aboitiz
Aboitiz Family
No.7 of the Philippines 50 Richest is the Aboitiz Family. The Aboitizes is a family that came from Cebu City that runs operating businesses on power, banking, food production, integrated transportation and logistics (air/land/sea), property development, construction, shipbuilding and leisure/resort all over the Philippines called the Aboitiz Equity Ventures. The Aboitiz Equity Ventures, Inc. is the publicly-listed holding and investment management company of the Aboitiz Group. Aboitiz Equity Ventures’ mission is to create long term value for all its stakeholders. It is consistently recognized in international surveys of Asian companies as one of the Philippines’ best conglomerates. Aboitiz Equity Ventures that enters top 10 as fortune, earlier split and listed separately under patriarch Enrique who died in January, and his nephew Jon Ramon, now represents combined interest of wider clan. Cash- rich company is planning to spend $1.4 billion this year, mostly earmarked for its power business. In April, it agreed to partner with Ayala Land to develop properties in Cebu and bid for a new airport project. Announced plans in May to venture into water treatment and distribution. Jon Ramon Aboitiz is a Filipino businessman who graduated from the University of Santa Clara, California and took up B.S. Commerce, major in Management. After he graduated he already started Aboitiz Group in 1970. From a manager he became its president in 1976 and in 1991 became president of Aboitiz & Co. of the Aboitiz Shipping Corporation and also now the president of Aboitiz Equity Ventures Inc. Jon Ramon Aboitiz is looking forward now in airports or maybe water as opportunities for them. At this point in time, it hasn't come up yet but they are definitely interested about it. They like to concentrate on other areas where they feel they have the expertise and there's large potential growth. Too many parties have already expressed interest in the government's transportation and
No.7 of the Philippines 50 Richest is the Aboitiz Family. The Aboitizes is a family that came from Cebu City that runs operating businesses on power, banking, food production, integrated transportation and logistics (air/land/sea), property development, construction, shipbuilding and leisure/resort all over the Philippines called the Aboitiz Equity Ventures. The Aboitiz Equity Ventures, Inc. is the publicly-listed holding and investment management company of the Aboitiz Group. Aboitiz Equity Ventures’ mission is to create long term value for all its stakeholders. It is consistently recognized in international surveys of Asian companies as one of the Philippines’ best conglomerates. Aboitiz Equity Ventures that enters top 10 as fortune, earlier split and listed separately under patriarch Enrique who died in January, and his nephew Jon Ramon, now represents combined interest of wider clan. Cash- rich company is planning to spend $1.4 billion this year, mostly earmarked for its power business. In April, it agreed to partner with Ayala Land to develop properties in Cebu and bid for a new airport project. Announced plans in May to venture into water treatment and distribution. Jon Ramon Aboitiz is a Filipino businessman who graduated from the University of Santa Clara, California and took up B.S. Commerce, major in Management. After he graduated he already started Aboitiz Group in 1970. From a manager he became its president in 1976 and in 1991 became president of Aboitiz & Co. of the Aboitiz Shipping Corporation and also now the president of Aboitiz Equity Ventures Inc. Jon Ramon Aboitiz is looking forward now in airports or maybe water as opportunities for them. At this point in time, it hasn't come up yet but they are definitely interested about it. They like to concentrate on other areas where they feel they have the expertise and there's large potential growth. Too many parties have already expressed interest in the government's transportation and