Following the new developments on the availability of vaccines for COVID-19, the British Chamber of Commerce Philippines sees an economic rebound for the Philippines.

With the global economy reeling from the severe impact of the Coronavirus disease (Covid)-19, the APEC Business Advisory Council (ABAC) reiterated in its year-end report to the Asia-Pacific Economic Cooperation (APEC) the need for collaboration and connectivity to respond to the crisis while rebuilding and revitalizing the economy–a vision supported by the Aboitiz Group.

Ayala Healthcare Holdings, Inc. (AC Health) through Healthway Philippines Inc. (HPI), today has signed agreements to acquire a controlling stake of Mercado General Hospital, Inc. (Qualimed), which owns or has interests in the Qualimed Health Network.

We finally see a glimpse of the much-needed breakthrough to help bring an end to this global health crisis.

AboitizPower subsidiary Therma Visayas, Inc. (TVI) is no stranger to visitors to the plant.

Jaime Augusto Zobel de Ayala, current Chairman and CEO, to focus on role as Chairman of the Board effective April 2021.

More than 7,000 Filipinos or nearly 1,500 families affected by Typhoon Ulysses in Cagayan and Isabela will soon receive the much needed relief assistance, following a half a million peso donation from insurance firm Philinsure to the Aboitiz Foundation to support its ongoing relief operations.

Optimistic about the country’s recovery in 2021, the Ayala group believes the manufacturing sector can help accelerate this by investing more in digitization and pivoting toward changing global demands.

Healthway, the integrated clinic arm of Ayala Healthcare Holdings, Inc. (AC Health), inaugurated its branch in Earnshaw, Manila as the newest Healthway Family Clinic on December 2, 2020.

Financial Services and Taxes and TariffsLegislative

The Aboitiz Group, along with over 30 private companies, has partnered with the Philippine government and British drugmaker AstraZeneca to procure 2.6 million COVID-19 vaccine doses, as part of the government’s ongoing pandemic response.

Hopes are up as the country’s public and private sectors work together to acquire the much-awaited vaccine, which is expected to resurrect people’s confidence and resuscitate the economy after months of recession.

Renewable energy company SN Aboitiz Power (SNAP) clarified that it operates the Magat Hydroelectric Power Plant on the border of Isabela and Ifugao, but not Magat Dam, which is owned by the National Government through the National Irrigation Administration.

The Ayala Group of Companies expands its relief operations to cover more affected communities.

The Ayala group of companies bring relief, in the form of food packs and free communication services, to communities severely affected by recent typhoons.

Cebu Industrial Park Developers, Inc. (CIPDI)—a joint venture between the Aboitiz Group and the Tsuneishi Group of Japan— is set to expand West Cebu Industrial Park (WCIP) to take advantage of strong demand from foreign and local locators for industrial spaces.

Aboitiz Group food and agribusiness unit Pilmico is supporting the “all-volunteer” organization Mask4AllPH that distributes free face masks produced by partner cooperatives to benefit urban poor communities nationwide.

Business 20 (B20) Saudi Arabia, the official voice of the global private sector to the G20, will host the B20 Summit virtually on October 26-27th, 2020, bringing together global leaders from business, academia, civil society and international organizations to discuss the world’s most pressing economic issues affecting communities today.

\\Aboitiz corporate development arm Aboitiz Foundation, Inc. (AFI) has launched an online training hub specifically catering to Corporate Social Responsibility (CSR) practitioners in celebration of the Aboitiz Foundation’s 32nd founding anniversary.

Tax Legislation in the Post-Pandemic Period