Zobel-led Ayala Corp. purchased ₱457.45 million worth of shares in its real estate subsidiary, Ayala Land Inc. (ALI), tapping the open market after the steep valuation slide left the country’s premier property developer trading at deep discounts. In a disclosure to the Philippine Stock...
Forty-two Philippine companies earned spots on the third annual Fortune Southeast Asia 500 ranking, driven by strong performances from the country’s largest family-led conglomerates and financial institutions. Top Frontier Investment Holdings Inc., the controlling shareholder of San Miguel Corp.,...
Zobel-led Ayala Corp. maintained its A- foreign currency long-term issuer rating with a stable outlook from Japan Credit Rating Agency Ltd. (JCR), reflecting the strength of the conglomerate’s diversified portfolio, resilient earnings base, and prudent financial management. In its latest rating...
Four industry leaders - Ayala Corporation, Globe Telecom, Mitsubishi Corporation, and KDDI Corporation - have come together to pioneer the country’s first Intelligent City, with Makati CBD as the identified pilot. This project will harness data, digital technologies, and advanced connectivity to...
As part of the Philippine government’s efforts to strengthen economic collaboration with Japan, the Ayala Group has signed a series of strategic memoranda of understanding (MOUs) with leading Japanese partners Mitsubishi Corp., Mitsubishi UFJ Financial Group (MUFG), and KDDI Corp. In a statement...
Ayala Corp., through its consumer retail and mall arms, ACx Holdings Corp. (ACx) and AyalaLand Malls Inc. (Ayala Malls), will help leading Association of Southeast Asian Nations (ASEAN) wholesaler-retailer CP AXTRA Public Co. Ltd. improve its mall assets in Thailand, starting with its Makro...
Zobel-led Ayala Corp. saw its core net income edge lower in the first quarter of 2026 as the downturn in its real estate business tempered gains in banking and telecommunications. In a disclosure to the Philippine Stock Exchange, the country’s oldest conglomerate reportd reported core net...
Zobel-led conglomerate Ayala Corp. has secured its first Singapore dollar-hedged loan through a $100 million (or Singapore dollar equivalent) sustainability-linked facility with DBS Bank Ltd. In a statement on Monday, May 11, Ayala said the facility further diversifies its funding sources while...
Ayala Corp., the country’s oldest conglomerate, is prepared to slash its planned capital expenditure for 2026 by as much as 28 percent as escalating tensions in the Middle East cloud the global economic outlook. Cezar P. Consing, Ayala president and chief executive officer, said the Zobel...
Kia Philippines, a subsidiary of ACMobility, has officially renewed its partnership with Kia Corporation for another 2 years, sealing its commitment to remain the official importer and distributor of Kia vehicles in the country for another decade. Leadership from both organizations met in Seoul,...
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...
