GCash, the country’s leading e-wallet, is now positioning itself as a global player in financial services as it moves to deepen its cross-border integration with the help of its Japanese partners. GCash’s parent firm, Globe Fintech Innovations Inc. (Mynt), said it aims to leverage agreements...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has urged banks to continue strengthening governance, transparency, and internal controls, saying these safeguards become most critical during periods of economic and financial uncertainty. Speaking during the inaugural Corporate...
The corner office at Globe Tower in Bonifacio Global City (BGC), Taguig City, has long been a vantage point for the shifting skyline of Metro Manila, but for Jaime Augusto Zobel de Ayala, it was the laboratory. For three decades, the man everyone calls JAZA was at the center of the Philippines’...
ACEN Corp. Chief Executive Officer (CEO) Eric Francia has dismissed speculation that parent company Ayala Corp. is seeking to divest its stake in the renewable energy producer, rebuffing reports that Japanese and Canadian investors are circling the firm. Speaking to reporters following the...
ACEN Corp., the energy arm of the Ayala group, secured a 7.517 billion rupee project finance loan to fund its Bijapur Wind project in Karnataka, India, as the company accelerates its expansion into one of Asia’s largest renewable energy markets. The loan, equivalent to approximately ₱4.78...
Ayala Corp. recently won the 5 Golden Arrow Award, the highest recognition for excellence in corporate governance among publicly listed companies in the Philippines. The award is Ayala’s first 5-arrow citation. It won the 4 Golden Arrow Award last year and the 3 Golden Arrow Award in 2023. In...
Volkswagen AG is ending its distribution partnership in the Philippines, marking a quiet close to its second attempt at a foothold in the Southeast Asian nation 's competitive auto market. Ayala Corp.’s Automobile Central Enterprise, Inc. (ACEI), the local distributor, announced on Facebook...
Ayala Healthcare Holdings Inc. hosted a festive evening called “Pista Ng Pasasalamat” to commemorate the company’s 10th year. In partnership with Ayala Corporation, the celebration brought together the Healthway Medical Network, Generika Drugstore, St. Joseph Drug, I. E. Medica Inc., and...
AC Health marks its 10th year with a bold new vision “transforming health for every Filipino,” signaling the company’s evolution from healthcare delivery to holistic health transformation. The announcement was made during the launch of SamPulso, a milestone campaign that unites AC Health’s...
Previously dubbed as the “poster boy of tax reform” for spearheading the Philippines’ most significant fiscal overhaul in decades, Karl Kendrick Chua is now championing another kind of transformation—this time at the intersection of data, artificial intelligence (AI), and innovation. As a...
From left (seated): Shoichiro Shibuta, Executive Managing Officer, Takenaka Overseas Construction Business; Dante M. Abando, Ayala Land, Inc. SVP, MDC President and CEO, and MDTK Chairman; Jaime Augusto Zobel de Ayala, Ayala Corporation and Ayala Land, Inc. Chairman; Yuichiro Takenaka, Member of...
Ayala-led energy platform ACEN Corp. reported a drop in last year’s net income due to non-cash items in 2022. In a disclosure to the Philippine Stock Exchange on Tuesday, Mar. 12, ACE said its net income totaled P7.4 billion from January to December 2023, 43 percent lower than in 2022 including...
