The Securities and Exchange Commission (SEC) has approved the public offering by Ayala Corporation of up to P10 billion worth of bonds under its P30 billion debt securities program. In its meeting on May 11, the Commission En Banc resolved to render effective the...
SPEAKING OUT Ignacio R. Bunye I would like to congratulate Ayala Foundation whose flagship project “Brigada ng Ayala” was recently recognized by an international publication as the “best CSR initiative” in the Philippines. Brigada ng Ayala is the Ayala group’s unified effort to...
Ayala-led firm AC Energy Corporation has lowered the scale of proceeds it can fetch from its follow-on offering (FOO) to P13.07 billion from a higher end target of P16.4 billion that it first penciled in early this year. The targeted stream of revenues from the FOO though is still very much within...
Real estate giant Ayala Land Inc. (ALI) reported a 36 percent drop in net income to P2.8 billion in the first quarter of the year as it continued to weather the impact of the ongoing COVID-19 pandemic on its operations. In a disclosure to the Philippine Stock Exchange, the firm said it registered a...
The coronavirus disease (COVID-19) vaccination of private employees will start in June as about 17 million AstraZeneca doses will start to arrive next month, Presidential Adviser for Entrepreneurship Secretary Joey Concepcion said on Tuesday, May 4. Presidential Adviser for Entrepreneurship...
The 63-megawatt greenfield Gigasol Palauig solar farm development of Ayala-led AC Energy Philippines Corporation has reached commercial operation phase and is now feeding capacity into Luzon grid. The company injected P2.39 billion into that newly completed project; and its scale of electricity...
AREIT Inc., Ayala Land’s pioneering Real Estate Investment Trust (REIT) is primed for growth and expansion after its shareholders approved an increase in its capital and the infusion of new assets. During AREIT’s first Annual Stockholders’ Meeting, stockholders approved the increase in the...
The reins of Ayala Corporation have been passed on to a new Zobel but the firm continues to look for fresh opportunities as it is cautiously optimistic about its post-COVID prospects. “We are cautiously optimistic about the business environment and will continue to prepare for a post-...
Property giant Ayala Land Inc. (ALI) is aiming for a V-shaped recovery although it may take two to three years to be able to perform as well as it had in 2019, before the COVID-19 pandemic struck. “We are working towards a V-shape recovery and I am confident that we have the institutional...
Ayala-led upstream petroleum company ACE Enexor Inc. is seeking the Department of Energy’s (DOE) imprimatur on the declaration of a “one-year force majeure period” to provide leeway for the unforeseen delays in the company’s oil and gas drilling timetable. During the company’s annual...
Ayala firm AC Energy Corporation (ACEN) has formally secured the go-signal of its stockholders on the infusion of P85.93 billion worth of international assets into its fold -- and this will form part of the five-step corporate restructuring plan of the company toward its goal to become the largest...
Philippine industry leaders called on the private sector to take the lead in the country’s digital transformation to ensure safe and sustainable economic recovery. During a virtual roundtable discussion organized by the Stratbase ADR Institute on “The Private Sector as a reliable partner to the...
