Ayala Corporation, the most enduring conglomerate in the Philippines, is reaching a rare milestone this year—its 190th anniversary. Ayala traces its roots to Casa Roxas, a humble enterprise established in 1834 when Manila was just an emerging town. Propelled by purpose, Ayala evolved...
Greenfield plants and the elevated prices in the Wholesale Electricity Spot Market (WESM) boosted Ayala-led ACEN Corporation profits in the first half this year to P4.2 billion, up 94 percent from P2.2 billion in a comparative period last year. The company’s consolidated revenues had also grown 28...
Globe Telecom’s 917Ventures and Ayala Corp. are bringing Gogoro of Taiwan’s two-wheel electric vehicle and battery-swapping technology to the Philippines. To be piloted in Metro Manila in the first quarter of 2023, Gogoro’s Smartscooters will serve as an eco-friendly alternative to fossil...
A one-stop shop for global mobility brands AC Motors now offers a one-stop-shop right at the center of Metro Manila’s commercial district for all of its global mobility brands. The new facility, called AC Motors Centrale, is situated in Bonifacio Global City, Taguig. It’s built on a 3,000-sqm...
The International Finance Corp. (IFC) is investing in a social bond to be issued by Ayala Corp.’s foreign subsidiary that will fund the development of an integrated health ecosystem in the country. The IFC, a member of the World Bank Group, said on Thursday, Nov. 11, that it invests $100 million...
AC Motors, the automotive arm of the Ayala Corp. conglomerate, aspires to become a pioneer in new energy vehicles sector and preeminent auto group in the country through disruptive technologies four years from now or by 2025 through disruptive technologies. 31456 31456 AC Industrials Chairman and...
75 YEARS OF PH-US RELATIONS The US government has committed to continue extending economic assistance to the its ally the Philippines in the form of grants for infrastructure projects, investment insurance coverage, technical and sustainability assistance as both countries marked their 75...
Volkswagen Philippines, one of the motor vehicle units of the Ayala Group, strongly pivots this year to the distribution of more affordable but of same quality vehicles from China or other markets with less “friction cost” rather than from their products’ source of origin, Germany. Felipe...
Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala has been welcomed into the Council for Inclusive Capitalism by the Vatican and the global non-profit coalition of business and public sector leaders. The council is working to build a “more trusted, fair, responsible, dynamic, and...
Plans also include new dealerships and perhaps a new K-pop partnership Written by Eric Tipan As the brand introduced a new slogan early this year, Kia Philippines used its ‘power to surprise’ and revealed big plans to drive them to their two main goals in 2021, double market share and...
Swedish motorcycle brand, Husqvarna, is now back in the Philippines. The unique brand, founded in 1903, is known for its eccentric style. This 2021, it returns with fresh optimism for 2021 under its new distributor, Adventure Cycle Philippines, Inc. (ACPI), known for its Austrian motorcycle brand,...
Ayala Corp. (AC), one of the country’s leading conglomerates, is increasing its investments in the country with about P182 billion in capital expenditures earmarked for this year for their various businesses even as the company continues its COVID-19 efforts with donations already hitting P12.7...
