The Department of the Interior and Local Government (DILG) lauded on Wednesday, April 6, the Ayala Group of Companies (AC) for recognizing the contribution and sacrifices of the Bureau of Fire Protection (BFP) through its “Saludo sa Serbisyo (Salute to the Service’’ program which seeks to...
Photo from Ayala Few weeks from now, BPI Unibanker and emerging bowling juggernaut Alexis Sy will represent the Philippines in the 31st Southeast Asian Games in Hanoi, Vietnam. This is the fifth time that the 29-year-old Cebuana waves the Philippine flag before Southeast Asia's finest athletes,...
Globe Telecom Inc. on Monday, April 4, closed a joint venture partnership deal with ST Telemedia Global Data Centres (STT GDC) and Ayala Corporation (AC) for a powerhouse data center which translates to a transaction pre-tax gain of P10.5 billion for the telco. So far, the three parties have signed...
ACE Enexor Inc., the oil and gas investment platform of the Ayala group, will be undertaking a follow-on offering (FOO) for 74,000,000 shares to be priced at P10 to P11.84 per share. The company has secured the go-signal of its board this week on “the appointment of the transaction advisors...
The Villar Group is diversifying into the tollway business with the acquisition of 100 percent of MCX Project Company, Inc. (MCXPCI) from Ayala Corporation for P3.8 billion. In a disclosure to the Philippine Stock Exchange, Ayala said it has signed an investment agreement with Prime Asset Ventures,...
With the approval granted by the Department of Energy (DOE) on its bid for force majeure declaration at its prospect area, Ayala-led ACE Enexor Inc. will be moving to April next year its targeted well drilling at its petroleum block in southwest Palawan basin. “The drilling of the appraisal well...
As companies anchor their vision on sustainability, it is imperative for their team to also be housed in a sustainable property or building. This is the reason behind the redevelopment of Bank of the Philippine Island’s (BPI) head office, which will become a 45-story premium and sustainable...
Real estate giant Ayala Land Inc. is planning to raise up to P12 billion from the issuance of bonds to fund its capital expenditures this year as well as for the refinancing of obligations. Philippine Rating Services Corporation (PhilRatings) said it has assigned its highest Issue Credit Rating of...
Ayala Corporation, the country’s oldest conglomerate, reported that its net profits rose 62 percent to P27.8 billion last year from the P17.1 billion earned in 2020. In a disclosure to the Philippine Stock Exchange, Ayala said earnings growth was primarily driven by realized income from the...
The Ayala Group’s Ayala Center for Excellence in Sports (ACES) is launching the Atletang Ayala program which has been designed to provide holistic support to the country’s Olympic hopefuls. Under the Atletang Ayala program, participating Ayala Group companies will provide full-salaried...
69346 Globe Telecom Inc. has formed a joint venture partnership with ST Telemedia Global Data Centres (STT GDC), one of the world’s fastest growing data center providers, and Ayala Corporation (AC) for an over P18-billion ($350M) data center. Under the agreement, both STT GDC and AC shall...
Ayala Land, Inc. (ALI) registered a 40 percent jump in net income to P12.2 billion in 2021 as total revenues improved 10 percent to P106.1 billion on account of resilient operations amidst the ongoing pandemic. In a disclosure to the Philippine Stock Exchange, ALI said that, supported by relaxed...
