“The COVID-19 crisis created a lot of uncertainty but we believe the Philippine economy can be shielded from further disruptions if the government and private sector focus on areas of collaboration,” said AEV president and chief executive officer Sabin Aboitiz.
“The Aboitiz Group will deliver on our commitment to being the best-in-class in our industries. Learning from the challenges we have been experiencing in the past year, we will continue to adhere to global standards of operational excellence,” Aboitiz said.“We see our businesses very resilient during these times.
In 2019, Apo Agua spent P3 billion. Once online, the Davao bulk water project will supply 300 million liters of water per day to the Davao City Water District, which will benefit over a million Davaoenos. On the other hand, Aboitiz Land is expected to use P11 billion mainly for its land banking efforts as it continues to grow its property developments in various parts of the country. The balance of the total capex will be used for the provisions of the remaining Strategic Business Units.
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