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...
Over a year ago, nobody would have imagined spending not just hours but full days, weeks, and even months strictly indoors. Though the pandemic caught people by surprise, they adapted quickly and made adjustments in how they live their lives within the safe confines of their homes. Even though news...
Robinsons Land Corporation (RLC), one of the leading diversified real estate companies in the Philippines, reported a decline in net income to P5.26 billion last year, from the P8.7 billion earned in 2019, due to the impact of the pandemic. However, in a disclosure to the Philippine...
Present at the LIMA Locators’ Appreciation event were representatives of LIMA Technology Center locators, Aboitiz InfraCapital President and CEO Cosette Canilao (bottom row, rightmost), and First Vice President for Aboitiz Integrated Economic Centers Rafael Fernandez de Mesa (bottom row, fourth...
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...
The Department of Energy’s (DOE) plan to increase the biodiesel blend to 5.0 percent by volume (B5) this year is seen to translate to P13 billion in foreign exchange (forex) savings for the Philippines. The Philippine Coconut Authority (PCA), the industry regulating body which...
For nearly a year now, staying home has been a habit for everybody. As families remain cloistered in their houses, they also get more creative in celebrating meaningful events. From birthdays, anniversaries, Christmas, New Year, and even Valentine’s Day—all these occasions had to be...
Land Bank of the Philippines (LandBank) has set aside P2 billion for a new credit facility specifically for fishermen who want to purchase commercial fishing boats. Called LandBank Commercial Fishing Vessel Financing Program, the loan facility allows eligible borrowers willing to borrow up to 80...
SPEAKING OUT Ignacio R. Bunye In a recent award ceremony, the Securities and Exchange Commission (SEC) and the Institute of Corporate Directors (ICD) lauded four Ayala companies for leading the way in terms of corporate governance in the country. Ayala Land, Inc. (ALI) and Globe Telecom made it to...
Veteran real estate developer Cathay Land expects to generate P1.2 billion in sales from Berkeley Suites, its latest mixed-use condominium project at South Forbes Golf City. Cathay Land President Jeffrey Ng cited the new 8-storey mid-rise condominium as a very good and wise investment. Foremost, Ng...
