Property giant Ayala Land, Inc., (ALI) is infusing some identified key commercial properties worth P15.46 billion into AREIT, Inc. under a property-for-share swap transaction. In a disclosure to the Philippine Stock Exchange, ALI said its Executive Committee has approved the subscription to...
Volkswagen Philippines, one of the motor vehicle units of the Ayala Group, strongly pivots this year to the distribution of more affordable but of same quality vehicles from China or other markets with less “friction cost” rather than from their products’ source of origin, Germany. Felipe...
Ayala Corporation reported a 16 percent drop in core net income to P26 billion last year as the impact of mobility restrictions weighed down on its various business units. In a disclosure to the Philippine Stock Exchange, the firm said core profit excludes the...
Ayala Land Inc. is giving the businesses of its restaurant tenants a boost by closing some of its streets to allow them to offer al fresco dining in Makati and Bonifacio Global City. Aimed at breathing new life into restaurants in the business districts, the Makati Street Meet, Riverside...
Ayala-led AC Energy Corporation has inked a subscription agreement with its subsidiary firm Giga Ace-4 Inc. for the purchase of common and preferred shares valued at aggregate P2.199 billion. The Ayala firm said it purchased from its subsidiary-firm 43,975,374 common A shares for P219.876 million;...
Ayala Healthcare Holdings, Inc. (AC Health), through Healthway Philippines, Inc. (HPI), has completed its acquisition of a majority stake of Mercado General Hospital Inc. (MGHI). In a disclosure to the Philippine Stock Exchange, Ayala said it purchased shares from White Knight Holdings, Inc., a...
Real estate giant Ayala Land Inc. posted a 74 percent drop in net income to P8.7 billion last year from P33.2 billion in 2019 but is increasing capital expenditures as it is optimistic of a recovery in 2021. In a media briefing, ALI President and CEO Bernard Vincent O. Dy said the firm endured...
AREIT, Inc. (AREIT), the real estate investment trust of Ayala Land, Inc. (ALI), reported a net income of P1.23 billion last year, up 42 percent if excluding a one-time gain in 2019. In a disclosure to the Philippine Stock Exchange, the firm said the higher profit is on account of its stable...
One generating unit of the 632-megawatt GNPower Mariveles Center Ltd. Co. (GMEC) coal-fired plant of the Aboitiz-Ayala joint venture suffered ‘forced outage’ due to technical glitch in its boiler. In a disclosure to the Philippine Stock Exchange, Aboitiz Power Corporation indicated that unit 1...
The Ayala group of companies has immediately mobilized resources to assist families affected by Taal Volcano’s renewed seismic activity. Through Ayala Foundation, the Ayala group provided food and non-food items for families staying in three evacuation centers in Talisay, Batangas on February 17...
Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala has been welcomed into the Council for Inclusive Capitalism by the Vatican and the global non-profit coalition of business and public sector leaders. The council is working to build a “more trusted, fair, responsible, dynamic, and...
The Ayala Group of Companies, through the Ayala Foundation, has donated testing kits and other medical supplies to Quezon City to boost the testing capacity of the country’s biggest city. In a statement, the conglomerate said QC Mayor Joy Belmonte received P4.5 million worth of supplies that...
