Power, banking buoy Aboitiz Equity earnings

MANILA, Philippines — Conglomerate Aboitiz Equity Ventures Inc. (AEV) nearly doubled its first-quarter consolidated net income to P6.3 billion, driven by strong contributions from its energy and banking businesses. The figure marked a 96.9-percent jump from the P3.2-billion bottom line in the same period last year, even as the latest results included P43 million in