Economy seen to sustain recovery from pandemic

INDUSTRIAL DEV'T. This undated photo shows the skyscrapers in Cebu City. The Aboitiz Group is looking to partake in the country's economic recovery as it sets sights on project opportunities in the industrial development, water, digital infrastructure, and transport sectors. (File photo) CEBU CITY - The infrastructure unit of the Aboitiz Group is looking to partake in the country's economic recovery as it sets sights on project opportunities in the industrial development, water, digital infrastructure, and transport sectors. Aboitiz InfraCapital (AIC) is optimistic that the economy will sustain its recovery from the coronavirus disease 2019 (Covid-19) pandemic, as demand for more infrastructure solutions emerges. "At the beginning of the year, we set out to revamp our brand as part of our top priorities. We want to establish InfraCap as a full-fledged strategic business unit within the Aboitiz Group, with a unique, impactful, and market-relevant brand identity and to be known as a reliable partner for growth, dedicated to nation-building and uplifting the lives of Filipinos," AIC president and chief executive officer Cosette Canilao said in a virtual press briefing Friday. AIC's Integrated Economic Centers are rebranding to 'Economic Estates' and will individually be known as LIMA Estate, Mactan Economic Zone 2 Estate, and West Cebu Estate. The change comes as expansion plans for LIMA and West Cebu Estate are underway which are expected to yield up to 89,000 jobs combined. Backing the government's goal to boost the infrastructure buildup across the country, Canilao said the company aims to create "purpose-driven infrastructure" to advance business and communities. AIC has been ramping up its portfolio in the past few years. For 2021, the company earmarked PHP13 billion in total consolidated capital expenditures with its partners for the rollout of various projects, including its newest venture into common towers. In April, AIC announced that it has agreed to form a joint venture with leading global private markets firm, Partners Group, acting on behalf of its clients, to establish a telecommunications infrastructure platform called Unity Digital Infrastructure Inc. (Unity). More than just filling in the gaps in the country's infrastructure, AIC wants to emphasize in its new branding that it looks beyond the singular impact of a project. "We want to highlight that we think long-term, we think in ecosystems, and we give serious thought to the needs of the community," she said. (PNA) }

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Philippines , Mactan , Masbate , Filipinos , , Unity Digital Infrastructure Inc , Economic Centers , Aboitiz Group , Partners Group , Cosette Canilao , Economic Estate , Mactan Economic Zone , West Cebu , West Cebu Estate , Unity Digital Infrastructure , Industrial Dev 39t This Undated Photo Shows The Skyscrapers In Cebu City Aboitiz Group Is Looking To Partake Country 39s Economic Recovery As It Sets Sights On Project Opportunities Development , Water , Digital Infrastructure , Nd Transport Sectors File Photo Cebu City The Infrastructure Unit Of Aboitiz Group Is Looking To Partake In Country 39s Economic Recovery As It Sets Sights On Project Opportunities Industrial Development , Nd Transport Sectors Aboitiz Infracapital Aic Is Optimistic That The Economy Will Sustain Its Recovery From Coronavirus Disease 2019 Covid 19 Pandemic , S Demand For More Infrastructure Solutions Emerges Quot At The Beginning Of Year , E Set Out To Revamp Our Brand As Part Of Top Priorities We Want Establish Infracap Asa Full Fledged Strategic Business Unit Within The Aboitiz Group , Itha Unique , Impactful , Nd Market Relevant Brand Identity And To Be Known Asa Reliable Partner For Growth , Edicated To Nation Building And Uplifting The Lives Of Filipinos , Uot Aic President And Chief Executive Officer Cosette Canilao Said Ina Virtual Press Briefing Friday 39s Integrated Economic Centers Are Rebranding To 39 Estates Will Individually Be Known As Lima Estate , Actan Economic Zone 2 Estate , Nd West Cebu Estate The Change Comes As Expansion Plans For Lima And Are Underway Which Expected To Yield Up 89 , 000 Jobs Combined Backing The Government 39s Goal To Boost Infrastructure Buildup Across Country , Anilao Said The Company Aims To Create Quot Purpose Driven Infrastructure Advance Business And Communities Aic Has Been Ramping Up Its Portfolio In Past Few Years For 2021 , He Company Earmarked Php13 Billion In Total Consolidated Capital Expenditures With Its Partners For The Rollout Of Various Projects , Ncluding Its Newest Venture Into Common Towers In April , Ic Announced That It Has Agreed To Forma Joint Venture With Leading Global Private Markets Firm , Cting On Behalf Of Its Clients , O Establisha Telecommunications Infrastructure Platform Called Unity Digital Inc More Than Just Filling In The Gaps Country 39s , Ic Wants To Emphasize In Its New Branding That It Looks Beyond The Singular Impact Ofa Project Quot We Want Highlight Think Long Term , E Think In Ecosystems , Nd We Give Serious Thought To The Needs Of Community , Uot She Said Pna ,