The Sy family’s flagship SM Investments Corporation and its banking arm, BDO Unibank, led the seven Philippine companies that made it to Forbes Magazine’s 23rd Global 2000, which ranks the largest public companies in the world. SMIC was ranked at No. 811 among the world’s top public...
Ayala Corporation reported that Globe Fintech Innovations Inc. (Mynt, the owner of GCash) is undergoing a stock split that will result in a lower par value per share and increase its market appeal when it launches its initial public offering. In a disclosure to the Philippine Stock Exchange, Ayala...
Zobel-led Ayala Corporation has set the initial dividend rate for the ₱20 billion Class B preferred shares it is re-issuing at 6.2903 percent per annum. In a disclosure to the Philippine Stock Exchange, the conglomerate said it is conducting a Follow-on Public Offering by way of re-issuance from...
The Securities and Exchange Commission (SEC) has approved the planned ₱20 billion offering of re-issued preferred shares by Zobel-led Ayala Corporation. In its meeting on May 27, the Commission En Banc resolved to render effective the registration statement of Ayala covering the re-issuance of...
Zobel-led Ayala Corporation’s smaller and newer businesses have turned around or are reducing losses amid measures being taken to ensure their profitability in about two years. “Our smaller, newer companies are turning the corner. We are constructive on the year,” Ayala President and CEO...
Ayala Corporation has warned against fraudulent social media posts that utilize deepfake technology to falsely portray its Chairman, Jaime Augusto Zobel de Ayala, endorsing investment opportunities. The conglomerate clarified that it has no association whatsoever with the individuals or entities...
Zobel-led Ayala Corporation, the country’s oldest conglomerate, is seeking to expand its consumer retail business after the initial success of its investment in Australian home and lifestyle brand Anko. “We entered the retail space by partnering with Kmart of Australia in setting up the...
Ayala Corporation Chairman Jaime Augusto Zobel de Ayala Zobel-led Ayala Corporation, the country’s oldest conglomerate and among the most prestigious, is aiming to surpass its performance in 2024, its strongest year ever, by bringing its smaller and newer businesses to profitability in about two...
The Securities and Exchange Commission’s (SEC) move to relax the rule on the single business group (SBG) investment limit will benefit conglomerates with multiple listed subsidiaries, such as the SM and Ayala groups, as well as the planned initial public offering (IPO) of GCash. Under the...
The Zobel family’s Ayala Corporation and subsidiary AC Ventures Holdings Corporation (ACV) has signed the Investment Agreement for Mitsubishi Corporation’s acquisition of a 6.5 percent stake in GCash owner Globe Fintech Innovations, Inc. (Mynt) for ₱18.4 billion. In a disclosure to the...
From left, Sumitomo Mitsui Banking Corporation (SMBC) Manila Branch Executive Director and Head of Corporate Banking Ruben Victa, Ayala Corporation Treasurer Estelito C. Biacora, SMBC Country Head and Managing Director Yasushi Iwata, Ayala Corporation Chief Finance Officer Alberto M. de Larrazabal,...
From left, Ayala Managing Director Mark Robert H. Uy, Managing Director Mariana Beatriz E. Zobel de Ayala, Executive Director Jaime Alfonso E. Zobel de Ayala, and Executive Director Jaime Z. Urquijo The next generation of Zobels is stepping up the Ayala Group’s corporate ladder to take on bigger...
