corporate

AboitizPower sets lower capex this year

April 28, 2020

ABOITIZ Power Corp. has earmarked P33 billion for capital expenditure (capex) for 2020, as its parent company Aboitiz Equity Ventures (AEV) reduced its capital outlay for this year.     During the company’s virtual annual stockholders’ meeting Monday, president and chief executive officer Emmanuel Rubio said AboitizPower initially set its capex at P1 billion this year compared to P35 billion spent in 2019.      AEV reduced its capex this year to P47 billion from P73 billion it previously announced.      Rubio said AboitizPower’s capex for this year is 17 percent higher than 2019’s spending of P35 billion.     “It’s primarily for the construction of GNPower Dinginin facilities. However, we are reviewing the schedule of the rest of our capital expenditures given the current situation,” he added.     Unit 1 of GNPower Dinginin will commence its commercial operation by the first quarter of 2021 while Unit 2 will start by the second quarter next year.     “As far as demand is concerned, the curtailed economic activity brought about by the ECQ (enhanced community quarantine) has resulted in lower demand and consumption, which in turn have affected revenue targets for our business both generation and distribution, even in our retail electricity supply business units,” Rubio said.     He said despite the ECQ, all of its power plants remain online to provide power for hospitals, government institutions, and critical businesses.     “We are operating all power plants within the lockdown communities and keeping operators, team members in our facilities on (a) 14-day cycle,” he added.     Rubio said an uptick in demand is expected due to higher temperatures during the dry season and also the easing of community quarantine measures in other parts of the country.     “We are already working on our business recovery plans to allow us to take advantage of these promising developments and keep us on track with our goals despite the unusual business situation,” Rubio said.     In 2019, AboitizPower’s net income declined by 20 percent to P17.32 billion from P21.71 billion in 2018. (PNA)  

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Fruitas to reopen more stores

April 28, 2020

FRUITAS Holdings, Inc. is opening more stores across the country with the downgraded quarantine in select areas starting May 1.     In a statement Monday, the operator of food and beverage kiosks said it will have more than 60 active stores by the end of this week as it gradually expands store reopening with the shift of some regions to a general community quarantine (GCQ).     It will also ramp up its delivery operations with more than 10 Fruitas brands on-boarded for delivery.     “As we resume operations in more stores, we will continue to adapt our business model and optimize the use of our resources,” Fruitas President and Chief Executive Officer Lester C. Yu said in the statement.     “We are harnessing our model of maximizing sales and profits with limited space, including the utilization of kitchen capacity in our foodparks to fulfill delivery orders. We will also repurpose or upgrade some stores into delivery hubs,” he added.     Fruitas said it had reopened more than 10 stores in the past week and is preparing to reopen at least 10 more this week.     The government is set to downgrade the enhanced community quarantine (ECQ) in regions that are considered low-risk or medium risk after April 30. The ECQ in Greater Metro Manila and other high-risk regions will remain until May 15.     Areas that will be under GCQ may gradually reopen more establishments and facilitate mass public transportation but still at reduced capacity.     Quarantine measures in the Philippines have been in place since middle of March due to the ongoing spread of the coronavirus disease 2019 (COVID-19). Since then, Fruitas said it had strengthened its delivery network and partnered with food companies to boost revenue streams.     At present, the company said it was looking at partnerships with more on-demand delivery service providers.     “We are confident that we will emerge stronger and thrive in the post-pandemic environment,” Mr. Yu said.     Fruitas operates brands such as Fruitas Fresh from Babot’s Farm, Buko Loco, Buko ni Fruitas, De Original Jamaican Pattie, Johnn Lemon, Juice Avenue, Black Pearl, Friends Fries, The Mango Farm, 7,107 Halo Halo Islands, Kuxina, Shou La Mien Hand Pulled Noodles and Sabroso Lechon.  

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PHL airlines extend flight suspensions

April 28, 2020

THE country’s major airlines on Friday said all domestic and international flights will remain suspended until May 15, after the government extended the lockdown measures in the National Capital Region and key areas around the country.     In separate statements, Philippine Airlines (PAL), Cebu Pacific and Philippines AirAsia said they will not yet resume passenger flights in view of the extension of the enhanced community quarantine (ECQ) aimed at containing the coronavirus outbreak.     “All domestic and international Cebu Pacific and Cebgo flights remain cancelled from May 1 to 15, 2020. This is in line with the extension of ECQ imposed over much of Luzon, and implementation of general community quarantine (GCQ) over other provinces. Restrictions are also implemented by local governments across the Philippines,” Cebu Pacific said in its statement.     Should the ECQ be lifted by May 15, PAL said it will have a “gradual and calibrated” resumption of operations starting May 16.     “The complete list of flights to be operated once the ECQ is lifted will be released as soon as possible. In the meantime, our domestic sweeper flights and special flights — arranged by several foreign embassies to ferry stranded nationals out of the country — will continue,” PAL said.     The government has extended the ECQ, which was scheduled to end on April 30, by another two weeks in Metro Manila, Central Luzon (Region III), Calabarzon (Region IV-A — Cavite, Laguna, Batangas, Rizal, and Quezon), as well as other provinces that continue to face high risk of coronavirus disease infections.     Other areas facing low-risk of the coronavirus will be placed under GCQ starting May 1. Under a GCQ, the government said airports and ports can continue to operate but only for goods.  

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AboitizPower Team Sow #PositiveEnergy: Brix - Duty & Family

April 27, 2020

Brix Maskariño wakes up before the sun rises. The dormitory begins to bustle with muted activity, but Brix’s early start means that he won’t have to wait in line to shower. He is one of the team members rendering duty in Therma South, Inc.’s (TSI) facility quarantine to keep the lights on amid the coronavirus (COVID-19) pandemic.  While the country’s frontliners like medical personnel, bankers, janitors, and police continue to brave the pandemic, another group of unsung heroes diligently works as the backbone of the nation by keeping power supply available during these challenging times.  Control Room Engineers (CREs) are the brains of the power plant. They have oversight of the entire plant operations, and like brains picking up signals from the body, CREs also monitor the condition of the plant to ensure that everything is running normally.  To do this, it is imperative for CREs to remain mentally alert and mindful anything can happen anytime, especially now when manpower has been stripped down to a skeletal workforce due to the enhanced community quarantine (ECQ).  “By the time I go back to the dorm, I usually fall asleep right away since the task is mentally-demanding. You have to continuously monitor the status of the plant and your mind is always alert and prepared to respond instantly if something goes wrong,” Brix shared.  Plant operations are not the only thing running through Brix’s mind, though. The facility quarantine entails that all personnel rendering duty inside the plant have to stay inside the facility for two weeks.  This is a reverse isolation protocol to prevent bringing in potential infection. This also means that team members have to be away from their families during that time.  TSI has provided dormitories for its team members under quarantine, along with entertainment such as cable TV and full Internet access so that people like Brix are able to stay in touch with their loved ones.  “This is the first time I’ve been away from my family. With all that’s happening, it’s hard to keep your mind at ease. My thoughts keep going back to my family. I found a better appreciation for my family through this experience,” Brix said.  In light of the developments, Brix had to leave his aging parents at home alone while he steps up to keep the electricity flowing.  “The work that we do is important, now more than ever. We need to supply energy so that frontliners can do their work and use the facilities they need. They need electricity in hospitals,” Brix shares.  “I can appreciate my job more now. Usually you see people thanking nurses and frontliners on social media, but sometimes you can see some thanking the power sector. It’s touching that there are some people who appreciate what we do,” Brix added.  Overall, Brix found that his experience with hotel isolation and facility quarantine was alright. It was an experience that allowed him to find a deeper appreciation and sense of duty to his family.  “The sacrifice we’re making is for the sake of our family. We need to support our frontliners so they can do their job to control the pandemic, so that our families are kept safe. This is my mindset now. I’m doing this to keep my family safe and to help my country.”  Wholly-owned AboitizPower subsidiary Therma South, Inc. (TSI) is the owner and operator of the 300-Megawatt Davao Baseload Power Plant located in Binugao, Toril, Davao City. TSI is certified in four ISO standards, namely Quality Management (ISO 9001:2015), Environmental Management (ISO 14001:2015), Occupational Health and Safety Management (OHSAS 45001:2018), and Asset Management System (ISO 55001:2014). Along with Therma Luzon, Inc. and Therma Visayas, Inc., the three primarily compose the Coal Business Unit of AboitizPower.

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FDC Misamis aides the Province of Misamis Oriental in its fight against COVID-19

April 27, 2020

Filinvest's FDC Misamis Power Corporation aids the Provincial Government of Misamis Oriental in its battle against the coronavirus. The power firm donated over 200 sets of personal protective equipment, 40 units of face shields and 1 unit of a ventilator. The photo shows Governor Yevgeny “Bambi” Emano (4th from left) delightedly accepting the items from FDC Misamis personnel - (from left-right) Logistics Manager Senta Mae Flores, ComRel Officer Analiza Miso, and External Affairs Officer Aaron Rodrigo. Also present during the turnover are Prov. Health Officer Dr. Jerie Calingasan, Prov. DOH Officer Dr. Jocelyn Terrecampo, and Supervising Admin. Officer Ms. Rosette Cervantes.

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Oro Fil-Chinese Community extends aid to other frontliners

April 27, 2020

The Filipino-Chinese Community of Cagayan de Oro continues to extend its support with nearly a million pesos worth of rice and face masks donated to key law enforcement agencies policing the community quarantine mandated by the city government. The Road and Traffic Administration (RTA), Bureau of Fire Protection (BFP) and Cagayan de Oro Police Office (COCPO) were the beneficiaries of the extended support turned over in separate occasions on Saturday, April 25, in Cagayan de Oro City. The RTA represented by Engr. Nonito Oclarit received 50 sacks of rice and 5,000 pieces of face masks together worth P225, 000.00 while 25 sacks of rice and 2,500 pieces of face masks worth P112, 500 were received by Col. Allan Cabot in behalf of the BFP. Some 120 sacks of rice and 12,000 pieces of face masks worth P480,000.00 were turned over to the COCPO headed by City Police Director Col. Henry Dampal. The donations were turned over by community representative including Jeffrey Ang, Tomas Sia, Benjamin Chan, Jr., Steven Tan and others. The  P817,500.00 is on top of the P4.3-million earlier extended by the community to the Northern Mindanao Medical Center (NMMC). On April 7, the group headed by President Sonny Choi and COVID-19 Response Committee Chairman Efren Uy turned over to NMMC Chief Dr. Jose Chan 1,980 sets of PPEs each worth P1,500 with a total value of  P 2,970,000.00 and 500 pieces of N95 face masks each worth P130.00 valued at P65,000.00 for a total donation of P3,035,000.00. With this, the community’s collective donations to NMMC now totals P4,304,000.00, excluding donations also made to the city owned and operated J.R. Borja General Hospital (JRBGH). The NMMC is the only hospital in Region X with the capability to test and treat CONVID-19 Patients Under Investigation (PUI). Under the strategy adopted by the Regional and City Health offices, COVID-19 patients are exclusively referred to NMMC, while JRBGH and other private hospitals take in as many non-COVID cases as they can accommodate to give NMMC’s personnel and facilities as much slack as possible to deal with the outbreak. From March 23 to April 6, the CDO Filipino-Chinese Community had previously donated to NMMC on four separate occasions urgently needed PPEs and medical supplies collectively valued at P1, 269,000.00. The Filipino-Chinese Community of Cagayan de Oro includes 21 community organizations, including family associations, chambers of commerce, schools, martial arts, civic and religious fraternities.  These including the following: Misamis Oriental Filipino-Chinese Chamber of Commerce & Industry, Inc.;  Mindanao Council for the Promotion of Peaceful Reunification of China in the Philippines; Cagayan de Oro Filipino-Chinese Chamber of Commerce & Industry, Inc.; Cagayan de Oro You We Tong Civic & Religious Fraternity, Inc.; Oro Christian Grace School; Misamis Oriental Liong Tek Fraternity Association, Inc.; Sejo-Lim Family Association-Northern Mindanao Chapter; Cagayan de Oro Bell Church Foundation, Inc.; Kong Hua School; Cagayan de Oro Volunteer Fire Brigade, Inc.; Phil. Wushu Federation-Cagayan de Oro Chapter; Phil. Kim Mun Association-Misamis Oriental Chapter ; Cagayan Gospel Church ; Cagayan de Oro Filipino-Chinese Amity Club;  Cagayan de Oro San Lorenzo Filipino-Chinese Catholic Community; Philippine Chinese Chamber of Commerce and Industry, Inc.-Misamis Oriental Chapter; Philippine Chinese High School Alumni Association-Cagayan de Oro Chapter; Misamis Oriental Progressive Mason Temple, Inc.; Kong Hua School, Inc.; and the Chee Kung Tong Chinese Free Mason Misamis Oriental Branch. (RMB)

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