The Villar Group is diversifying into the tollway business with the acquisition of 100 percent of MCX Project Company, Inc. (MCXPCI) from Ayala Corporation for P3.8 billion. In a disclosure to the Philippine Stock Exchange, Ayala said it has signed an investment agreement with Prime Asset Ventures,...
With the approval granted by the Department of Energy (DOE) on its bid for force majeure declaration at its prospect area, Ayala-led ACE Enexor Inc. will be moving to April next year its targeted well drilling at its petroleum block in southwest Palawan basin. “The drilling of the appraisal well...
As companies anchor their vision on sustainability, it is imperative for their team to also be housed in a sustainable property or building. This is the reason behind the redevelopment of Bank of the Philippine Island’s (BPI) head office, which will become a 45-story premium and sustainable...
Real estate giant Ayala Land Inc. is planning to raise up to P12 billion from the issuance of bonds to fund its capital expenditures this year as well as for the refinancing of obligations. Philippine Rating Services Corporation (PhilRatings) said it has assigned its highest Issue Credit Rating of...
Ayala Corporation, the country’s oldest conglomerate, reported that its net profits rose 62 percent to P27.8 billion last year from the P17.1 billion earned in 2020. In a disclosure to the Philippine Stock Exchange, Ayala said earnings growth was primarily driven by realized income from the...
The Ayala Group’s Ayala Center for Excellence in Sports (ACES) is launching the Atletang Ayala program which has been designed to provide holistic support to the country’s Olympic hopefuls. Under the Atletang Ayala program, participating Ayala Group companies will provide full-salaried...
69346 Globe Telecom Inc. has formed a joint venture partnership with ST Telemedia Global Data Centres (STT GDC), one of the world’s fastest growing data center providers, and Ayala Corporation (AC) for an over P18-billion ($350M) data center. Under the agreement, both STT GDC and AC shall...
Ayala Land, Inc. (ALI) registered a 40 percent jump in net income to P12.2 billion in 2021 as total revenues improved 10 percent to P106.1 billion on account of resilient operations amidst the ongoing pandemic. In a disclosure to the Philippine Stock Exchange, ALI said that, supported by relaxed...
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...
