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....
Ayala Corporation, the country’s oldest conglomerate, reported a 55 percent jump in core net income to P20.5 billion in the first half of 2023, anchored by solid contributions from Bank of the Philippine Islands, Ayala Land, and ACEN Corporation. In a disclosure to the Philippine Stock...
Prime Asset Ventures Inc. (PAVI), the infrastructure business of richest Filipino Manuel B. Villar Jr. has signed implementing agreements for the P3.8 billion acquisition of the four-kilometer Muntinlupa Cavite Expressway (MCX) from Ayala Corporation. Villar Group acquires MCX - Villar-led Prime...
Bank of the Philippine Islands (BPI) president and CEO Cezar P. Consing said the bank’s digitalization efforts is currently going through an upgrade to a version he calls “2.0” in anticipation of higher online and mobile-based banking services even post-COVID-19 period, and it will cut...
