Diversified conglomerate San Miguel Corporation is planning to undertake a P12.66 billion tender offer for minority shares of Eagle Cement Corporation once the Philippine Competition Commission approves the P97.5 billion acquisition of the cement firm. In a disclosure to the Philippine Stock...
Diversified conglomerate San Miguel Corporation is planning to acquire 88.5 percent of Eagle Cement Corporation, a firm controlled by SMC President Ramon S. Ang, P97.5 billion. In a disclosure to the Philippine Stock Exchange, SMC said its Board of the Directors, with the endorsement of the Related...
Globe Telecom Inc., along with its two major shareholders, Ayala Corporation and Singtel, advocated "reinvention" of businesses to keep up with the times and foster a positive work culture. In a fireside chat on Purposeful CEOs, the leaders of the three companies talked about the industry’s...
Ayala Corporation's Board of Directors has appointed Cezar Consing as the company's President & CEO, following his appointment as interim chief last August 15 after the Fernando Zobel de Ayala took a medical leave and eventually resigned. Consing, one of Asia’s most respected figures in the...
After resigning from various leadership positions in various companies within the Ayala Group, Fernando Zobel de Ayala (FZA) has been appointed by the Ayala Corporation (AC) Board of Directors as its Special Advisor. In a disclosure to the Philippine Stock Exchange, AC said its Board has also...
Diversified conglomerate San Miguel Corporation has received the highest Issue Credit Rating of PRS Aaa from Philippine Rating Services Corporation (PhilRatings) for its planned P60 billion bond issuance. PhilRatings said SMC is planning a bond issuance of P40 billion with an oversubscription of...
Jaime Augusto Zobel de Ayala, chairman of one of the Philippines’ leading conglomerates Ayala Corp., said the government’s continuing infrastructure roll out, tourism and digitalization are creating externalities that will become top sources of new jobs in the country. Representing the private...
Diversified conglomerate San Miguel Corporation is planning to raise up to P80 billion from the issuance of fixed-rate Peso-denominated bonds. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has authorized the offering and issuance of the bonds amounting to up...
Diversified conglomerate San Miguel Corporation (SMC) has signed on to support the government’s intensified booster vaccination drive program and is the health department’s largest private sector partner to date. In a statement, SMC said it is throwing its full support behind government's...
Ayala-backed omnichannel solutions provider etaily has landed in Forbes Asia’s “100 to Watch” list out of the 650 small companies and startups evaluated by the magazine. “As the Philippines evolved into the fastest growing eCommerce market in ASEAN, etaily thrives in an industry projected...
Members of the Ayala Group of Companies announced the resignation of Fernando Zobel de Ayala from various leadership positions in the company less than a month after he suddenly took a temporary medical leave of absence for an undisclosed illness. In separate but similarly-worded disclosures to the...
AC Logistics Holdings Corporation, a fully owned subsidiary of Ayala Corporation, has closed a deal with and Alberto D. Lina (ADL) for the acquisition of a 60 percent interest in AIR21 Holdings, Inc. (AHI) for P6 billion. In a statement, Ayala said AHI has controlling interests in eight operating...
