Another next-generation Zobel has been named an executive of real estate giant Ayala Land Inc. (ALI). Jaime Zobel Urquijo, 37, son of Bea Zobel Jr., will be joining sister Paloma and cousin Mariana Zobel de Ayala in the company after being seconded to ALI by parent company Ayala Corp. Ayala...
Three of the country’s top business leaders remain optimistic that the ongoing conflict in the Middle East will be resolved within the year, although it may lead to weaker consumer demand, rising operating expenses (opex), and higher interest rates. During the Philippine Stock Exchange ’ s...
Zobel-led Ayala Corp. plans to increase its capital spending by as much as 27 percent this year, betting heavily on renewable energy and retail even as it scales back investments in its traditional real estate stronghold. The holding company led by the Zobel family set its 2026 capital expenditure...
Ayala Corp., the Philippines’ oldest conglomerate, posted record core earnings for a third consecutive year as gains in its real estate and banking units shielded the group from the slump in its energy and telecommunications businesses. In a disclosure to the Philippine Stock Exchange, the firm...
ACX Holdings Corp., the retail arm of Ayala Corp., plans to open its first two Spinneys supermarkets in the fourth quarter of 2026, marking the United Arab Emirates-based chain’s first expansion outside the Gulf region. The initial branches will be located at Ayala Malls U.P. Town Center in...
AC Logistics Holdings Corporation, a wholly-owned subsidiary of Zobel-led conglomerate Ayala Corp., is expanding its nationwide coverage by acquiring a majority stake in Glacier Megafridge, Inc. (GMI), one of the leading players in the Philippine cold storage industry. Ayala disclosed to the...
Zobel-led conglomerate Ayala Corp. is raising up to ₱30 billion through issuances of Philippine peso-denominated bonds to be sold via general public offerings. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, Jan. 22, the firm said its board of directors approved the finance...
The anti-trust watchdog Philippine Competition Commission (PCC) has approved the acquisition by Danish infrastructure fund A.P. Møller Capital of a 40-percent stake in Ayala Corp.’s subsidiary, AC Logistics Holdings Corp. The acquisition paves the way for the proposed logistics joint venture...
Ayala Corp., the Philippines’ oldest conglomerate, signaled a more aggressive stance on regional partnerships and capital raising as it moves into 2026, following a year characterized by a pivot toward global joint ventures and specialized infrastructure funding. The Zobel family-led holding...
Ayala Corp. secured three top honors at the recent Asia Corporate Excellence & Sustainability (ACES) Awards, achieving a rare sweep of every category in which it was nominated. The Zobel-led conglomerate was recognized as one of Asia’s Most Influential Companies, Top Community Centric Companies,...
Ayala Corp., through its retail arm ACX Holdings Corp., has signed a new memorandum of understanding (MOU) with CP AXTRA, Asia’s leading operator of wholesale and retail businesses Makro and Lotus’s, expanding their partnership to explore the development of new businesses and co-investments in...
Ayala Corp., the country’s oldest conglomerate, reported a sharp increase in profits for the first nine months of the year, driven by one-time gain tied to the revaluation of its stake in Gcash owner Mynt. In a disclosure to the Philippine Stock Exchange on Thursday, Nov. 13, the holding company...
