Jaime Z. Urquijo, Ayala Corporation’s Chief Sustainability Officer As the effects of climate change are steadily becoming more tangible, we all too often hear one corporation after another pledging to enact more sustainable practices. Yet Ayala Corporation is moving the goalposts further, with...
Ayala Corporation has firmed up plans to raise up to P15 billion from an offering of Preferred B shares with the filing of applications with the Securities and Exchange Commission and the Philippine Stock Exchange. In a disclosure to the PSE, the country’s oldest conglomerate said it has...
Zobel-controlled Ayala Corp., the country’s oldest conglomerate, is planning to raise up to P15 billion through the issuance of preferred shares. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its Board of Directors at its regular meeting held Thursday, June 27, approved...
The Zobel-controlled Ayala Corporation is fully divesting from utility Manila Water Company with the sale of its remaining 23.6 percent stake in the Metro Manila East Zone concessionaire for P14.5 billion to billionaire Enrique K. Razon Jr.’s Trident Water Company Holdings Inc. In a disclosure to...
Ayala Corporation, one of the country's leading conglomerates, reported that it sustained its growth momentum with a 26 percent growth in core net income, which excludes one-off items, to P11.8 billion in the first quarter of 2024 from P9.4 billion in the same period last year. In a disclosure to...
Zobel-led Ayala Corporation, the country’s oldest conglomerate, has signed a cooperation arrangement with the New Zealand Trade and Enterprise (NZTE) to explore potential business and collaborative opportunities. In a statement, the firm said the signing took place last April 19, when New...
Zobel-controlled Ayala Corporation, the country’s oldest conglomerate, is raising its capital expenditure budget by 14 percent to P284 billion this year from P249 billion in 2023 as it is confident of surpassing last year’s record financial performance. Ayala Corporation stockholders' meeting....
Zobel-controlled Ayala Corporation, the country’s oldest conglomerate, reported a 48 percent jump in core net income (which excludes one-off items) to a record P41 billion last year on the back of the strong performances of its banking, real estate, and power businesses. In a disclosure to the...
Zobel-controlled Ayala Corporation, the country’s oldest conglomerate, announced that it has renamed its subsidiary AC Motors to ACMobility as part of the unit’s rebranding to become an end-to-end mobility provider. “This rebrand of AC Motors to ACMobility reflects the transformation of...
The Securities and Exchange Commission (SEC) has issued a cease and desist order against entities involved in the unauthorized use of Ayala Corporation’s name to illegally solicit investments from the public. In an order dated Feb. 22, the Commission En Banc directed Ayala Corporation Group Inc.,...
Billionaire Jaime Augusto Zobel de Ayala (JAZA), chairman of the country’s oldest conglomerate Ayala Corporation, is optimistic the Philippines has the momentum to "maintain its position as one of the region’s fastest growing economies this year.” “We enter 2024 optimistic that inflation...
The Zobel family-controlled Ayala Corporation, the country’s oldest conglomerate, reported that it will be increasing its group-wide capital expenditures (capex) budget for 2024, higher than the P250 billion it actually spent last year. “We estimated the figure to be higher compared to...
