Aboitiz Foundation turns over P1.53M to PBSP

Aboitiz Foundation turns over P1.53M to PBSP
Cebu Daily News
September 20, 2010

The Aboitiz Foundation recently turned over P1.53 million to the Philippine Business for Social Progress (PBSP).

The amount represented the contributions for 2009-2010 from PBSP-member companies of Aboitiz, such as the Davao Light and Power Corp., Cotabato Light and Power Company, Pilmico Foods and Aboitiz Jebsen Bulk Transport Corp.

Aboitiz Foundation president Jon Ramon Aboitiz handed the check to PBSP chairman Manny Pangilinan in a ceremony held at the Aboitiz office in Makati City.

Also present were Aboitiz Foundation chairman Erramon Aboitiz and EVP-Managing Trustee Sonny Carpio, Pilmico Foods chairman Antonio Moraza, PBSP executive director Rafael Lopa and chief executive adviser Klaas Oreel and PLDT-Smart Foundation president Butch Meily.

“Aboitiz helps PBSP achieve its goals of nation building through its various projects nationwide. That is the commitment that we give being one of PBSP’s founding members,” said Jon Ramon Aboitiz.

“The PBSP member-companies’ contributions are used to attract larger grants and donations so that PBSP can increase its reach and impact. This year, PBSP will start its 8th five-year plan for poverty reduction. The programs will integrate disaster risk mitigation and ecological protection and ensure relevance in the rapidly changing environment,” said Pangilinan.