Real estate giant Ayala Land Inc. reported a 22 percent decline in first-quarter net income as slump in residential sales offset the steady expansion of its malls and hotels. In a disclosure to the Philippine Stock Exchange on Thursday, April 30, the firm said its net income fell to ₱5.4 billion...
Eighty families in the City of Mati now have safer homes and renewed opportunities after Globe, Ayala Foundation, Inc. (AFI) and Makati Development Corporation (MDC) turned over shelter kits to residents displaced by earthquakes and fires. The initiative helped families secure stable living spaces...
Ayala Land Inc. (ALI), the country’s largest property developer, pushed back against market speculation regarding its liquidity, asserting that its balance sheet remains robust with sufficient capital to refinance upcoming obligations and fund its pivot toward recurring income. ALI pointed out...
F or decades, the Philippine real estate market was defined by “single-purpose density”—isolated residential blocks or standalone office towers that required a commute for every basic need. As the market matures into a more sophisticated era, buyers are no longer just purchasing a physical...
The corner office at Globe Tower in Bonifacio Global City (BGC), Taguig City, has long been a vantage point for the shifting skyline of Metro Manila, but for Jaime Augusto Zobel de Ayala, it was the laboratory. For three decades, the man everyone calls JAZA was at the center of the Philippines’...
Just like how GCash got an unexpected but huge boost during the Covid-19 pandemic, another new business of Ayala Corp., car dealer ACMobility, is now benefiting from the Middle East conflict as surging fuel prices have heightened the appeal of electric vehicles (EVs). In a press briefing after the...
Ayala Corp., the country’s oldest conglomerate, is prepared to slash its planned capital expenditure for 2026 by as much as 28 percent as escalating tensions in the Middle East cloud the global economic outlook. Cezar P. Consing, Ayala president and chief executive officer, said the Zobel...
Real estate giant Ayala Land Inc. (ALI) is choosing to hunker down and easing its aggression in the face of additional challenges posed by the conflict in Iran, even as it has yet to recover from the adverse impact of a middle-income condominium oversupply after the loss of the Philippine offshore...
ACEN Corp. Chief Executive Officer (CEO) Eric Francia has dismissed speculation that parent company Ayala Corp. is seeking to divest its stake in the renewable energy producer, rebuffing reports that Japanese and Canadian investors are circling the firm. Speaking to reporters following the...
Amid global volatility and local controversies, the Philippine real estate sector continues to show resilience, reinvention, and untapped potential. According to global real estate services firm Santos Knight Frank (SKF), as the real estate sector enters its next phase of growth—the long-term...
Jaime Augusto Zobel de Ayala, the long-standing architect of the Philippines’ telecommunications sector, is stepping down as chairman of Globe Telecom Inc., marking the end of a nearly three-decade tenure that saw the company evolve from a niche cable provider into a digital services...
Ayala Land Inc., the country’s largest property developer, has suspended sales for its latest ultra-luxury project in the Makati central business district, citing heightened execution risks linked to the escalating conflict in the Middle East. “In light of the evolving global conditions,...
