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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...

Ayala eyes partial sale of thermal energy business

AYALA-LED AC Energy, Inc. is looking to sell as much as half of its thermal energy business and possibly raise up to $1 billion...

BPI lists SRO shares

BANK OF THE Philippine Islands (BPI) has listed 599.7 million new common shares at the local bourse following the completion of a P50-billion stock...

Ayala gains control of National Teachers College

THE Ayala group has expanded its education portfolio after completing the takeover of National Teachers College (NTC). In a disclosure to the stock exchange on...

Ayala merges two Cebu units to consolidate operations

Two Ayala-led firms based in Cebu are merging in order to consolidate their operations in the area, as well as achieve efficiencies in management. Cebu...

Ayala mulls more projects in transport infrastructure

By Krista Angela M. Montealegre, National Correspondent AYALA CORP. (AC) is coming forward with more unsolicited proposals on transport infrastructure, as its energy subsidiary...

AC venture unit to target emerging, disruptive technologies

By Krista Angela M. Montealegre, National Correspondent AYALA Corp. (AC) said its venture unit will take the lead in identifying companies developing emerging and potentially...

Ayala to spend record P249B for capex in 2018

By Krista A. M. Montealegre, National Correspondent THE AYALA GROUP is ramping up its capital expenditure budget by nearly half this year to support the expansion...

Ayala boosts 2018 capex to P249 billion

The Ayala group is expanding its capital expenditure budget by nearly half to support the expansion of its business units after growing profits for...

Ayala reorganizing energy holdings into thermal, renewable businesses

AYALA Corp. is restructuring its energy business by creating two wholly owned platforms to house its investments in renewable energy and thermal energy, the...

Holiday hot spots

WAKING UP to the warm weather, struggling through heavy traffic for three hours (or more) daily, finishing pending tasks at work, stressing over ≈≈...

Ayala group to start exporting motorcycles to China, Thailand

By Anna Gabriela A. Mogato THE AYALA group will start exporting its locally produced KTM motorcycles to Thailand by year-end, and to China by February...

Ayala completes deal to acquire Zalora stake

THE Ayala Group on Thursday said it completed the acquisition of a 49% stake in the owner and operator of online fashion platform Zalora...

Ayala’s IMI revenues up 22%

AYALA-led Integrated Micro-electronics, Inc. (IMI) revenues rose 22% in the first six months of 2017, benefiting from the growth of its recent acquisitions. In a...