Zobel-led Ayala Corporation, the country’s oldest conglomerate, is launching its planned P15 billion offering of Preferred B shares on Sept. 23 with the offering period to end on Sept. 27, 2024. Based on the firm’s draft prospectus, the dividend rate for the preferred will be set on Sept. 19,...
Zobel-led Ayala Corporation reported a 21 percent growth in net income to P22.3 billion in the first half of 2024 as core net income, which excludes significant one-off items, improved 18 percent to P24.3 billion. In a disclosure to the Philippine Stock Exchange, the country’s oldest conglomerate...
Mitsubishi UFJ Financial Group (MUFG) and Ayala Corporation are acquiring fresh stakes in Globe Fintech Innovations, Inc. (Mynt), in a deal that more than doubled the valuation of the parent company of GCash to $5 billion (P286.4 billion) from $2 billion in 2021. In disclosures to the Philippine...
Ayala Corporation has firmed up plans to raise up to P15 billion from an offering of Preferred B shares with the filing of applications with the Securities and Exchange Commission and the Philippine Stock Exchange. In a disclosure to the PSE, the country’s oldest conglomerate said it has...
Zobel-led Ayala Corporation, the country’s oldest conglomerate, has signed a cooperation arrangement with the New Zealand Trade and Enterprise (NZTE) to explore potential business and collaborative opportunities. In a statement, the firm said the signing took place last April 19, when New...
Zobel-controlled Ayala Corporation, the country’s oldest conglomerate, is raising its capital expenditure budget by 14 percent to P284 billion this year from P249 billion in 2023 as it is confident of surpassing last year’s record financial performance. Ayala Corporation stockholders' meeting....
Zobel-controlled Ayala Corporation, the country’s oldest conglomerate, reported a 48 percent jump in core net income (which excludes one-off items) to a record P41 billion last year on the back of the strong performances of its banking, real estate, and power businesses. In a disclosure to the...
The Philippine Stock Exchange (PSE) and Philippine Dealing System Holdings Corp. (PDSHC) cheered the appointment of former Robinsons Land Corporation President and CEO Frederick D. Go as the investment czar of the Marcos administration. In a statement, the PSE and PDSHC said their Board of...
Business leaders urged the national government to help in eliminating or reducing what they called the “hidden cost” of doing business in the country, particularly at the community level. During the Pilipinas Conference 2023, a forum facilitated by think tank Stratbase, Ayala Corporation...
Diversified conglomerate San Miguel Corporation (SMC) and property giant Ayala Land Inc. (ALI) have signed an Integration Agreement to connect ALI’s Arca South on and off ramps into the Skyway system. In a statement, SMC said the connection will be made via the upcoming South East Metro Manila...
Zobel conglomerate Ayala Corporation reported a 42 percent jump in core net income to P31 billion in the first nine months of 2023 compared to the same period last year due to the strong results of its real estate, banking, and renewable energy businesses. In a disclosure to the Philippine...
After a brief hiatus for health reasons, 62-year-old magnate Fernando Zobel de Ayala has been re-elected as a Board Director of Ayala Corporation—his third re-election into the boards of firms in the Ayala Group after Bank of the Philippine Islands and AC Health. Newly-elected Ayala Corp....
