Glorietta 4 facade (Photos courtesy of Ayala Malls) The dynamic retail sector in the Philippines is being driven by the constant evolution of Filipino consumers, and Ayala Malls is at the forefront, unveiling plans to transform its iconic malls—Glorietta, Greenbelt, TriNoma, and Ayala Center...
Billionaire Jaime Augusto Zobel de Ayala (JAZA), chairman of the country’s oldest conglomerate Ayala Corporation, is optimistic the Philippines has the momentum to "maintain its position as one of the region’s fastest growing economies this year.” “We enter 2024 optimistic that inflation...
Real estate giant Ayala Land Inc. (ALI) is launching P115 billion worth of projects this year with a capital expenditure (capex) budget of P100 billion as it is optimistic about opportunities for 2024. ALI President and CEO Anna Ma. Margarita B. Dy In a media and analysts’ briefing, ALI President...
Property giant Ayala Land Inc. (ALI) of the Zobels posted a 32 percent growth in net income to P24.5 billion in 2023, fueled by robust property demand and heightened consumer activity. In a media and analysts’ briefing Tuesday, Feb. 20, ALI Chief Finance Officer Augusto Bengzon said...
The Zobel family-controlled Ayala Corporation, the country’s oldest conglomerate, reported that it will be increasing its group-wide capital expenditures (capex) budget for 2024, higher than the P250 billion it actually spent last year. “We estimated the figure to be higher compared to...
The Department of Tourism (DOT) recently launched the latest stop of the Hop-On Hop-Off (HOHO) tour, the Entertainment Hub, opening the door to vibrant attractions within Entertainment City in one go. Promising diverse areas of Pasay and Paranaque, featuring modern complexes, bustling...
The Zobel-controlled Ayala Group continues to beef up its warchest and hopes to raise $250 million to $400 million from the divestment of its smaller investments as it focuses on the expansion of its ventures into renewable energy, electric vehicles, healthcare, and logistics. In an interview,...
Ayala Malls, a unit of the Zobels’ real estate giant Ayala Land Inc. (ALI), is investing P13 billion for the redevelopment of four of its iconic malls in Metro Manila and Cebu in response to changing consumer preferences in the digital and post-pandemic era. (L-R) Mariana Zobel de Ayala,...
The Philippine capital, Metro Manila, is home to some of the most sought-after residential addresses in the country. From sprawling estates to exclusive gated communities, the region boasts a lot of options for those in search of luxury living. According to data from Lamudi, a leading real estate...
Ayala Corporation, the most enduring conglomerate in the Philippines, is reaching a rare milestone this year—its 190th anniversary. Ayala traces its roots to Casa Roxas, a humble enterprise established in 1834 when Manila was just an emerging town. Propelled by purpose, Ayala evolved...
Ayala Land Inc. and its real estate investment trust AREIT Inc., reported of having the largest EDGE (Excellence in Design for Greater Efficiencies) Zero Carbon certified office portfolio in the Philippines after eight of their buildings were certified. In a disclosure to the Philippine Stock...
Real estate giant Ayala Land Inc. (ALI) has raised P5.63 billion from the sale of shares of real estate investment trust AREIT Inc. at P31.10 per share, lower than the P34 per share valuation of its upcoming share swap for P23 billion. In a disclosure to the Philippine Stock Exchange (PSE), ALI...
