Avida Land, a unit of real estate giant Ayala Land Inc., expects to generate ₱6 billion from its first project along Katipunan Avenue in Quezon City as the middle-income residential market is already recovering. In a media briefing, Avida Land Chief Operating Officer Aris Gonzales said the...
Rizal Commercial Banking Corp. appointed long-time Ayala Group executive Alberto M. de Larrazabal a independent director as it reshuffles its board to bolster its push into digital finance. De Larrazabal, who currently serves as president and chief executive officer of real estate investment trust...
Megawide Construction Corp. has been ordered to pay ₱368.92 million to settle a long-standing construction dispute involving a flagship mixed-use development in Cebu, though the award represents only a fraction of the original claim. In a disclosure to the Philippine Stock Exchange, Megawide said...
Gokongwei-led Robinsons Land Corp. is raising ₱7 billion through a private placement of its shares in RL Commercial REIT Inc., clearing the path for further asset infusions as it seeks to triple the size of its real estate investment trust. In a disclosure to the Philippine Stock Exchange, RLC...
RL Commercial REIT Inc. will join the Philippine Stock Exchange index (PSEi), the nation’s 30-company benchmark, replacing Alliance Global Group Inc. as part of a semi-annual reshuffle of the local equity market’s gauges. The Philippine Stock Exchange announced the changes following review of...
Top lender BDO Unibank, Inc. reported that it has raised ₱100 billion from its fifth Peso-denominated ASEAN Sustainability Bonds issue was 20 times oversubscribed from the original ₱5 billion offering. “This issuance saw robust participation from retail and institutional investors, prompting...
AC Logistics Holdings Corporation, a wholly-owned subsidiary of Zobel-led conglomerate Ayala Corp., is expanding its nationwide coverage by acquiring a majority stake in Glacier Megafridge, Inc. (GMI), one of the leading players in the Philippine cold storage industry. Ayala disclosed to the...
Specialized food ingredients and plastics manufacturer D&L Industries Inc. is moving to commercialize a proprietary technology that integrates indigenous plant fibers into plastic production, a step aimed at capturing a slice of the growing global market for sustainable materials. The company’s...
DMCI Homes, the residential arm of DMCI Holdings Inc., plans to spend ₱16 billion in capital expenditures this year as it bets on recovery in the property market driven by the prospect of easing interest rates. In a briefing, DMCI Homes President Alfredo R. Austria said the developer intends to...
Dominion Holdings Inc., the former leasing arm of BDO Unibank Inc., is pivoting toward the mining industry following a ₱2.54 billion acquisition by Monte Sur Equity Holdings Inc. that shifts control of the investment vehicle. In a disclosure to the Philippine Stock Exchange, Dominion said its new...
With competition heating up among townships strung along the C-5 corridor from Quezon City to Pasig CIty, the Ayala-Lucio Tan Group (LTG) joint venture (JV) Parklinks estate is stepping into the fray with the opening of its own mall, envisioned to set it apart from rivals. In an interview on...
Ayala Land Offices Inc., the office development arm of property giant Ayala Land Inc., has secured a five-year lease agreement with state-run Land Bank of the Philippines for a sprawling office facility at the Ayala Malls Manila Bay Corporate Center. The transaction expands the footprint of Ayala...
