CCCI recognizes Aboitiz group with tribute

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Tuesday, July 1, 2014


THE Cebu Chamber of Commerce and Industry (CCCI) recently recognized the Aboitiz group for its contributions to the province’s rapid economic growth and development with the “Tribute of Highest Distinction” given at the Tourism and Investment Night in celebration of the Cebu Business Month (CBM) last June 20.

Aboitiz, which has a century-long history of pioneering business in the province, was commended for contributing to what was coined as the “Ceboom” phenomenon, the term used to describe Cebu’s emergence as a booming mega-city, through its investments in various industries such as power distribution, banking, and land development.

Close partners

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“Aboitiz has been close partners with the Cebu Chamber for over four generations, beginning with our patriarch Don Ramon Aboitiz who was CCCI president from 1938 to 1939. We thank the chamber for the cooperation and support you have extended to us across the decades and we owe much of our company’s success to you,” said AboitizPower Corp. Distribution Group executive vice president and chief operating officer Jim
Aboitiz , who accepted the tribute in behalf of the group and the awardees.

Cebu-based AboitizLand, Inc., the group’s land development firm, for instance, has been in operations for two decades and remains one of the country’s most trusted companies in the real estate industry. Real estate, along with business process outsourcing and tourism are currently Cebu’s leading revenue generators, creating more jobs and improving the quality of life.

With the theme “Asean 2015 and Beyond,” the chamber acknowledged ten companies which have inspired business successes in the province.

Other awardees included Tsuneishi Heavy Industries, Inc., Timex, Fairchild, Mitsumi, Japan International Cooperation Agency, Henry Schumacher, Hotel Resort & Restaurant Association of Cebu, Norwegian Ship-owners Association and Ayala Corp.

According to CCCI, the Cebu business community is gearing up for the opportunities that will be opened by the Asean Economic Integration in 2015.

Free flow

The integration will usher in a freer flow of resources, capital, knowledge, trade, professionals and skilled workers, services and goods, which are concrete indications of the province’s increased competitiveness.

How the coming Asean Economic Integration in 2015 benefits the business community will depend greatly on the preparations for changes and opportunities to come.

Aboitiz, for instance, has establish regional presence, through its food business Pilmico Foods Corp., which recently acquired a 70 percent stake in a Vietnamese aqua feeds firm and opened up an office in Jakarta, Indonesia – the group’s first overseas location. (PR)

Published in the Sun.Star Cebu newspaper on July 02, 2014.

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