The Securities and Exchange Commission (SEC) is warning the public against dealing with a firm posing as the country’s oldest conglomerate Ayala Corporation and two other firms due to their unauthorized solicitation of investments without the necessary license from the SEC. In an advisory, the...
Jose Rene Gregory D. Almendras has resigned from his position in East Zone concessionaire Manila Water Co. Inc. In a disclosure to the Philippine Stock Exchange on Thursday, Oct. 12, Manila Water announced that Almendras, who served as the president of the utility firm from August 2019 to June...
Two years after ceding control of Manila Water Company (MWC) to billionaire Enrique K. Razon Jr., the Ayala Group is further reducing its stake in the water concessionaire by selling more shares to raise P5.7 billion as part of the Zobel conglomerate’s P50-billion fund raising activity. In a...
After a brief hiatus for health reasons, 62-year-old magnate Fernando Zobel de Ayala has been re-elected as a Board Director of Ayala Corporation—his third re-election into the boards of firms in the Ayala Group after Bank of the Philippine Islands and AC Health. Newly-elected Ayala Corp....
Tycoon Fernando Zobel de Ayala has returned to AC Healthcare as its chairman as he continues to increase his phased return to senior positions of governance in the Ayala Group after previously stepping back due to undisclosed health reasons. In a statement, Ayala Corporation said Zobel was...
The Zobel’s Ayala Group is venturing into the importation and distribution of e-scooters through an $8.5 million (P480 million) joint venture with Gogoro Network Pte Ltd of Singapore (Gogoro SG). In a disclosure to the Philippine Stock Exchange, Ayala Corporation (AC) said it will establish a...
The Zobels’ Ayala Corporation has sold its indirectly-held 92.45 percent stake in German auto parts maker MT Technologies GmbH (MT) for a nominal price which will result in a loss of €26 million or $28.4 million. In a disclosure to the Philippine Stock Exchange, Ayala said its wholly-owned...
Ayala Corporation, the country’s oldest conglomerate, reported a 55 percent jump in core net income to P20.5 billion in the first half of 2023, anchored by solid contributions from Bank of the Philippine Islands, Ayala Land, and ACEN Corporation. In a disclosure to the Philippine Stock...
Prime Asset Ventures Inc. (PAVI), the infrastructure business of richest Filipino Manuel B. Villar Jr. has signed implementing agreements for the P3.8 billion acquisition of the four-kilometer Muntinlupa Cavite Expressway (MCX) from Ayala Corporation. Villar Group acquires MCX - Villar-led Prime...
Executives from Prime Asset Ventures, Inc. and Ayala Corporation meet for the signing ceremony for the MCX. Villar-led Prime Asset Ventures, Inc. (PAVI) has signed implementing agreements for its acquisition of the four-kilometer Muntinlupa Cavite Expressway (MCX) from Ayala Corporation....
Ayala-led ACEN Corporation has secured government approval to ramp up its energy storage venture as a technology coupling to its 720-megawatt(ac) New England solar farm venture in Australia. In a statement to the media, ACEN Australia said that state-government of New South Wales (NSW) gave a...
COOPERATION AGREEMENT – President Ferdinand R. Marcos Jr. witnessed the signing of the Cooperation Agreement between Jaime Augusto Zobel de Ayala, Chairman of the Board of Directors of AC Industrial Technology Holdings, Inc. and Zero Motorcycles Chief Executive Officer Sam Paschel for the...
