Cebu’s Undeniable Growth Cebu is one of the more developed provinces in the Philippines, with much development happening currently. Appraised for its advantageous geographic location, sound infrastructural base, and active fields of business activity, Cebu is now experiencing the growth of investment attraction. However, such progress comes with a setback, primarily in the provision of […]
Cebu is in the midst of a golden age in development, bolstered by widespread infrastructure development, new world-class tourism destinations adding to the region’s already rich treasure trove of vacation spots, and impressive industrial growth. But none of these would be possible without an ample energy supply. That is why AboitizPower has become an integral […]
Key Takeaways: An expansion of AboitizPower’s current coal power plant in Toledo City is poised to fill Cebu’s power supply needs. Its construction hovers close to the horizon, eyeing an early 2025 start. This comes as optimistic news delivered by AboitizPower Thermal Business Group’s chief operating officer Ronaldo Ramos at the “Good Design, Good Business […]
The Philippines had the fastest-growing economy in 2023 among the Association of Southeast Asian Nations (ASEAN) according to the International Monetary Fund (IMF). Based on the latest World Economic Outlook, the IMF forecasts a 6.2 % gross domestic product (GDP) growth rate for the Philippines this year, second only to the 6.5% forecast for India. […]
Cebu is surpassing all regions in terms of economic growth but it is lacking in energy security. According to the latest data from the Department of Energy (DOE), Central Cebu experienced a growth of 7.3% in 2023. Cebu maintains its title as the wealthiest province for the ninth year in a row. The growth is […]
Key Takeaways: An expansion of AboitizPower’s current coal power plant in Toledo City is poised to fill Cebu’s power supply needs. Its construction hovers close to the horizon, eyeing an early 2025 start. This comes as optimistic news delivered by AboitizPower Thermal Business Group’s chief operating officer Ronaldo Ramos at the “Good Design, Good Business […]
Key Takeaways: Central Visayas is one of the country’s 17 fastest-growing economic regions in 2023, with a cumulative growth rate of 7.3%. Thanks to Cebu’s solid infrastructure and thriving industries such as tourism and business process outsourcing (BPO), the region attracts investments and contributes to our country’s GDP. A region that grows this rapidly requires […]
Ronaldo Ramos, COO of AboitizPower Thermal Business Group, notes the contingency of Cebu’s rapidly advancing economy on the security of its energy during the “Good Design. Good Business Summit” of the Cebu Business Months 2024. Aboitiz Power (AP) eyes 2028 for the completion of their third coal plant in Toledo City, with construction to begin […]
Overview Cebu, one of the progressive provinces in the Philippines, is rapidly expanding. This rapid development, however, faces a significant hurdle: energy insecurity. As the demand for electricity in the region grows each year while the supply fails to keep up, the future of sustainability is in danger. The Growth Trajectory Cebu has long been […]
As the Philippines takes steps to secure its power supply in the short and medium term, Cebu, the country’s fastest-growing economic hub, is also gearing up to meet the energy needs of its burgeoning IT-BPM, Tourism, and Manufacturing sectors. During a recent energy forum in Makati City, Energy Secretary Raphael Lotilla highlighted the Department of […]
