JAZA inducted as Honory Fellow by ICD By JAMES A. LOYOLA The Institute of Corporate Directors has inducted Ayala Corporation Chairman Jaime Augusto Zobel de Ayala as Honorary Fellow for his "lifelong commitment to promoting the highest standards of governance among Philippine corporations." "JAZA...
The International Finance Corporation has invested $100 million through a private placement of social bonds issued by Ayala Corporation subsidiary AC Health to help the development of the country’s healthcare sector. The $100-million social bond, which is first of its kind earmarked for...
Safely enjoy all the love month festivities February is all about love, and Market! Market! has an awesome and safe celebration in store for mall-goers. Whether you are spending the love month with a special someone, or indulging in some much-needed self-love time, you’re sure to enjoy all the...
Ayala-led ACEN Corporation will be increasing its stake by more than 13 percent in subsidiary ACE Enexor Inc. (ACEX) with the transfer of at least five assets of the former that had been valued at P3.39 billion. In the deed of assignment inked by the parties, ACEN effectively transferred its rights...
AC Energy Solar, a subsidiary of Ayala-led ACEN Corporation, and its foreign partner UPC Renewables will be constructing the proposed 420-megawatt peak (or 320MWac) Masaya solar farm project in Khandwa district in the state of Madhya Pradesh, India that will command an investment of $220 million....
Ayala Corporation and the Zobels’ holding firm Mermac Inc. are infusing P17.39 billion worth of real estate into Ayala Land Inc. through a property-for-equity swap. In a disclosure to the Philippine Stock Exchange, ALI said its Board of Directors has approved the property-for-share swap with AC...
Ayala-led ACEN Corporation is fast tracking the completion of its 60-megawatt Lac Hoa and Hoa Dong wind farm project in Vietnam with targeted commercial operation in the first quarter of this year. According to the Ayala firm, the project is its partnership with UPC Renewables “and will feature...
As the biggest property management company in the Philippines, Ayala Property Management Corporation (APMC) needed to transform its operations to digital to provide an overall better experience for staff and customers. With an unparalleled and award-winning 45-year history of establishing safety,...
The board of ACE Enexor Inc., Ayala group’s listed oil and gas unit, will reorganize with new President and Director, Rolando “Don” J. Paulino. Paulino, who was previously the managing director in Shell Philippines Explporation B.V. (SPEX), the operating entity of the multi-billion Malampaya...
Ayala Corporation is investing a total of $237.5 million for the acquisition of minority stakes in two firms with extensive business interests in Myanmar: Singapore-listed Yoma Strategic Holdings Inc. (YSH) and First Myanmar Investment Public Co. Ltd. (FMI). In a disclosure to the Philippine Stock...
The Ayala Group and the Araneta Group have launched separate efforts to help those severely affected by the havoc caused by the passage of Typhoon Odette. According to the National Disaster Risk Reduction and Management Council, Typhoon Odette has caused approximately P22 billion in agriculture and...
Ayala-led ACEN Corporation has sold its Power Barge 101 facility in Iloilo to MORE Power Barge Inc., a power generation firm of businessman Enrique Razon. The Ayala energy firm disclosed at the Philippine Stock Exchange (PSE) on Wednesday, Dec. 22, that it signed an asset purchase agreement with...
