SPEAKING OUT Ignacio R. Bunye Speaking before the Regis CEO Roundtable Series last May 18, Fernando Zobel de Ayala (FZA), President and CEO of Ayala Corporation, disclosed that “two of Ayala’s most cyclical businesses – Ayala Land and BPI – are priming themselves for a post-pandemic...
Ayala Land Inc.’s (ALI) Ayala Triangle Gardens (ATG) Tower 2 Project won the High-Rise Structures Category in the first Philippines Excellence in Concrete Construction Awards held recently. As one of the country’s winning projects, ATG Tower 2 will now represent the Philippines in the 2021...
Ayala-owned car distributorship units - Kia Philippines and Maxus — have expanded dealerships in anticipation of the recovery of the domestic motor vehicle industry. The subsidiaries of AC Motors Group said in separate statements said that Kia Philippines expanded with A new dealership in...
Ayala Land Inc. has recycled 28 metric tons of plastic waste, the equivalent of 2.8 million plastic water bottles filling up 73 basketball courts,into useful eco-products last year as part of its “circular waste management” initiative. In a statement, ALI said the plastic waste,...
Ayala-led AC Energy Corporation is making headway on its goal to become a leading player in the renewable energy (RE) space, as it advanced into construction phase its 160-megawatt Balaoi & Caunayan wind farm project in Pagudpud, Ilocos Norte; flourishing as the biggest installation on that...
Given the worsening civil strife tearing down Myanmar, Ayala-led firm AC Energy Corporation indicated that it is temporarily slowing down on its renewable energy ventures in that country. “Regarding Myanmar, we will have to wait until the situation stabilizes before we can expand,” AC Energy...
Ayala-led firm AC Energy Corporation (ACEN) has completed its P13 billion follow-on offering (FOO) at the local bourse, which it described to have been “warmly received by both Philippine and international investors.” The FOO is part of the five-step corporate restructuring of the Ayala energy...
The Ayala group of companies has turned over to Marinduque the province’s first and only molecular lab which is expected to drastically cut down the waiting period for COVID-19 testing. It usually to take 7 to 14 days to wait for COVID-19 test results since these have to be done through...
AREIT Inc. (AREIT), Ayala Land’s pioneering Real Estate Investment Trust (REIT) in the Philippines, posted a 60 percent jump in net income to P403 million for the first quarter of 2021 compared to the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said growth...
Ayala Corporation, the country’s oldest conglomerate, reported a 19 percent drop in net income to P5.4 billion in the first quarter of 2021 from the same period last year. Ayala Corporation In a disclosure to the Philippine Stock Exchange, the firm said core net income declined nine percent to...
Ayala-led firm ACE Enexor Inc. has secured the approval of the Department of Energy (DOE) on its bid for one-year force majeure declaration on targeted oil and gas exploration and well drilling activities at its Service Contract (SC) 55 off Palawan basin. Photo credit: https://enexor.com.ph In a...
Six Philippine companies, led by the Sy family’s SM Investments Corporation and BDO Unibank, made it to Forbes Magazine’s 19th annual Global 2000 list. The list is an international ranking of the world's biggest, most-powerful and most-valuable companies based on an analysis of four metrics:...
