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Ayala Corp. income down 17% as lockdown hits businesses

EARNINGS of Ayala Corp. (AC) dropped 17% to P6.7 billion in the first quarter as the coronavirus pandemic dragged its property, banking and industrial segments.

Duterte’s apology boosts Ayala, MPIC stocks

STOCKS in firms led by the Zobel brothers and Manuel V. Pangilinan surged on Tuesday after President Rodrigo R. Duterte’s apology for the “hurting words” he gave the companies in recent months.

Ayalas finish Pasay COVID-19 facility

THE Ayala group on Wednesday said it completed the conversion of some portions of the World Trade Center (WTC) in Pasay City into a treatment facility for patients infected with the coronavirus disease 2019 (COVID-19).

Ayala, Araneta and Aboitiz groups provide more support to lockdown-hit sectors

THE Ayala, Araneta and Aboitiz families have expanded their assistance to those affected by the lockdown in Luzon and other parts of the country, while others have joined the roster of private firms providing support to frontliners and vulnerable sectors.

Ayala Corp. net income up 11%

AYALA CORP. (AC) posted an 11% increase in earnings in 2019, lifted by gains from divesting in its education and energy businesses and higher consumer demand from its property, telecommunications and banking segments.

BPI closes bond offer

BANK OF THE Philippine Islands (BPI) on Friday closed its bond offer period, days ahead of the March 17 schedule amid strong demand, with the proceeds meant to diversify the bank’s funding sources and finance its business operations.

Razon company to conduct tender offer of Manila Water shares

MANILA Water Co., Inc. (MWC) incoming investor Razon-led Prime Metroline Holdings, Inc. is doing a mandatory tender offer of the water company’s shares as part of its acquisition.

BPI raises P15.3 billion from bond offer

BANK OF THE Philippine Islands (BPI) raised P15.3 billion in peso-denominated bonds following strong demand, marking its second largest issuance to date in the local debt market.

Myanmar tycoon open to foreign investment in wake of Ayala deal

MYANMAR tycoon Win Aung is open to foreign investment in the listed industrial-estate provider he oversees, following Ayala Corp.’s tie up with a firm traded on the nation’s fledgling stock exchange.

Ayala to invest $237M in Myanmar’s Yoma Group

AYALA CORP. (AC) is investing up to $237.5 million in Myanmar’s Yoma Group, marking the biggest investment by a Philippine company in Myanmar.

Ayala Corp Q3 income rises 7%

AYALA CORP. (AC) saw a 7% increase in its earnings in the third quarter, driven by the sustained contributions of its banking and power units.

BPI raises P3 billion from LTNCDs

BANK OF THE Philippine Islands (BPI) has raised over P3 billion from long-term negotiable certificates of time deposit (LTNCTD), which it listed on the Philippine Dealing and Exchange Corp. (PDEx) on Friday.

AC launches $400-M perpetual notes

AYALA CORP. (AC) has finalized the terms for its dollar bond market return, setting the aggregate principal amount of its fixed-for-life perpetual notes at $400 million.

Ayala eyes perpetual bond issue

AYALA CORP. (AC) is looking at issuing dollar-denominated perpetual bonds, with a selection of banks to handle the issuance.

AC Energy, Yoma Strategic eye JV for Myanmar renewable projects

LISTED conglomerate Ayala Corp. said on Monday that its energy company has partnered with Yoma Strategic Holdings Ltd. to jointly explore developing 200 megawatts (MW) of renewable energy projects in Myanmar.

Ayala to re-issue up to P15B in preferred shares

AYALA Corp. (AC) plans to re-issue up to P15 billion worth of preferred class B shares, it told the stock exchange Friday.

BPI to issue Swiss franc-denominated green bonds

BANK of the Philippine Islands (BPI) will issue its first two-year, 100-million Swiss franc-denominated, negative-yielding green bond, proceeds of which will be used to fund environmental projects through its Green Finance Framework.

Ayala unit launches P16-B One Vertis Plaza

THE luxury residential unit of Ayala Land, Inc. (ALI) is venturing into its first office-for-sale project with the launch of the P16.1-billion One Vertis Plaza in Quezon City.

Ayala group profit surges to P38B in six months

EARNINGS of Ayala Corp. (AC) more than doubled in the first half of 2019, boosted by divestment gains from its education and energy businesses.

Ayala acquires property firm based in Pampanga for P2.4B

AYALALAND Logistics Holdings Corp. (ALLHC) continues its expansion with the acquisition of a real estate firm based in Pampanga for P2.39 billion.

Ayala completes deal for Phinma Energy stake

THE energy unit of Ayala Corp. on Monday said it has completed its acquisition of the Phinma group’s combined 51.48% stake in Phinma Energy Corp.

AC buys back P3B of its shares from Mitsubishi

AYALA CORP. (AC) has bought back P3.19 billion worth of common shares from Mitsubishi Corp., completing the Japanese firm’s portfolio rebalancing exercise for its investments in the country’s oldest conglomerate.

Property, telco units push Ayala Q1 profit 5% higher

EARNINGS of Ayala Corp. (AC) increased by five percent in the first quarter of 2019, driven by the strong performance of its property, banking, and telco units, complemented by gains from the merger of its education arm with the Yuchengco group.

Ayala to spend P2B for cancer hospital

AYALA Healthcare Holdings, Inc. (AC Health) plans to build a specialty hospital in Metro Manila dedicated to cancer worth about P2 billion, in a bid to support the public sector’s efforts to improve cancer care in the country.

Ayala to form $150M venture capital fund

AYALA Corp. (AC) is raising $150 million from its business units to put up a venture capital fund that will allow it to invest in startups across various industries at home and abroad.

AC Education-iPeople to complete merger in May

THE Ayala and Yuchengcho groups will finalize the merger of their education units this May, after securing the final clearance from the Securities and Exchange Commission (SEC) yesterday.

AC Health to increase stake in Generika

THE health care unit of Ayala Corp. (AC) plans to subscribe to more shares in the Generika group of companies to fund the pharmacy’s expansion.

Ayala hikes capex to P262B for this year

AYALA CORP. (AC) is ramping up its spending to P262 billion in 2019 to further support the expansion of its property and telco businesses, while also growing its energy, infra, and health units.

Ayala to keep capital spending steady this year

AYALA CORP. (AC) is keeping its capital spending steady this year, while keeping a “fairly positive” outlook about the group’s businesses moving forward.

Merger of AC Education and iPeople seen within 1st half

AYALA Corp. on Friday said that its unit AC Education, Inc. and listed company iPeople, inc. had executed their plan and articles of merger as approved by the companies’ respective boards of directors and stockholders.

AC Energy raises $225M in green bonds

THE ENERGY UNIT of Ayala Corp. (AC) raised $225 million worth of green bonds on Wednesday, which marks a first for the company as it looks to finance its renewable energy projects in the Asia-Pacific region.

Ayala targets to sell over 10,000 Kia vehicles in 2019

THE AUTOMOTIVE UNIT of Ayala Corp. (AC) targets to sell over 10,000 units of Kia vehicles in 2019, while also preparing for the introduction of three new models in the local market.

Ayala to reintroduce Kia to Philippine market

AC Industrial Technology Holdings, Inc. (AC Industrials) has sealed the deal to distribute Kia vehicles in the Philippines, expanding the number of auto brands under its portfolio.

Ayala to expand Cloverleaf mall

AYALA LAND, Inc. (ALI) is expanding the mall inside its mixed use estate Cloverleaf in Balintawak, Quezon City, as it looks to cater to the needs of commuters traversing the area.

Ayala Q3 attributable profit dips

AYALA CORP. (AC) saw its attributable profit drop by five percent in the third quarter of 2018, as the higher earnings from its property unit failed to offset the weakness of its industrial business and the absence of transaction gains from the power segment.

Ayala’s Christmas light show gets Disneyfied

IT’S TIME once again to brave the heavy traffic of the Metro and watch the annual Festival of Lights at the Ayala Triangle Gardens, now on its 10th year. This year’s lights show will be accompanied by the music from the Walt Disney Co. in a show titled Reimagine The Magic: A Festival of Lights.

Christmas lights switch on in Makati

NOW that Halloween and All Souls Day are over, it is time to turn to the upcoming festive holiday season, with Christmas tree lightings and official switching on of decorations being held all over the metropolis this week and next.

Ayala invests P1B in logistics business

AYALA CORP. (AC)’s infrastructure unit is investing more than a billion pesos to grow its logistics business, as the conglomerate capitalizes on opportunities in the growing e-commerce industry.

Yuchengco, Ayala groups approve merger of education businesses

THE Ayala and Yuchengco groups have approved the merger of their education businesses valued at around P15.5 billion, with listed firm iPeople, Inc. to be the surviving entity.

Aboitiz-Ayala group to allot P15B for proposed ID system

A CONSORTIUM led by the Ayala and Aboitiz groups will be shelling out P15 billion for its proposal to design and develop the infrastructure for the country’s national identification (ID) system.

AEV, Ayala submit unsolicited proposal for national ID system

A CONSORTIUM which includes the Ayala and Aboitiz groups submitted to the government an unsolicited proposal for the design and development of the national identification (ID) system.

Ayala raises P8.07 billion from long-term investor’s placement

AYALA CORP. (AC) raised P8.07 billion through a private placement from an institutional investor, bringing in fresh capital for the acquisition of properties or debt payment.

Sandbox now has kart racing, water obstacle course

IT WAS approaching noon when the members in a visiting media group (including this writer) each rode a fun kart around the Alviera Sandbox racing complex in Pampanga. I was worried about my short legs not reaching the gas pedal. While we waited for the go signal, the marshals released the lock on the pedals. Surprisingly, I was able to reach the pedal, move forward, drive at my own pace, and complete two rounds without a problem, despite not having a drivers license.

DoTr to decide on MPIC-Ayala’s MRT takeover by yearend

THE Department of Transportation (DoTr) targets to address the Metro Pacific Investment Corp. (MPIC) and Ayala Corp.’s unsolicited proposal for the rehabilitation and takeover of the Metro Rail Transit Line 3 (MRT-3) by the end of the year.

Ayala enters Australian renewables market

AC ENERGY Holdings, Inc. is making its foray into Australia, as it announced on Wednesday its acquisition of a 50% stake in the Australian...