Ayala corporation - updates

Rappler's latest stories on Ayala corporation

ARTICLE FINDER

Look back: Duterte's tussles with big business

Dec 09, 2019 - 6:30 PM

Going from threats to defying an international court order, President Duterte proves more and more that he will use every presidential power to pressure some of the country's biggest firms

President Rodrigo Roa Duterte holds a press conference at the Malacañan Palace on November 19, 2019. TOTO LOZANO/PRESIDENTIAL PHOTO

IN PHOTOS: Ayala unveils Maxus vehicles in the Philippines

Jun 09, 2019 - 6:55 PM

Maxus targets families and companies looking for spacious vehicles. It aims to sell over 500 units in 2019.

Ayala's AC Health to build Philippines' first cancer hospital

May 08, 2019 - 1:25 PM

Ayala Corporation's health unit will invest some P2 billion for a cancer specialty hospital in Metro Manila


Ayala Corp aids Pampanga residents affected by Luzon earthquake

Apr 26, 2019 - 7:19 PM

From water to telecommunications, various companies under the Ayala conglomerate are reaching out to affected communities in Pampanga

Manila Water Foundation's Agapay Tubig program distributed gallons of water to hard hit areas in Pampanga. Photo from Ayala Corp.

Ayala Corp posts single-digit net income growth in 2018

Mar 13, 2019 - 9:50 PM

Ayala Land, Globe Telecom, and AC Energy boost parent company Ayala Corporation's net income to P31.8 billion, up by 5% in 2018

Ayala-Aboitiz consortium bids for national ID system

Aug 14, 2018 - 4:40 PM

Ayala Corporation, AC Infrastructure, Aboitiz InfraCapital, and Unisys Philippines aim to design and develop the infrastructure for the national ID system


Ayala Corp net income up 16% in 2017

Mar 12, 2018 - 4:16 PM

The net income of the Ayala Group's holding firm hits P30.3 billion in 2017, with Ayala Land leading the subsidiaries

Ayala Corp acquires U.S.-based solar tech firm

Feb 26, 2018 - 2:05 PM

Ayala's AC Industrials now has a controlling stake in Merlin Solar Technologies, with plans to establish manufacturing facilities in the Philippines in the future

Yuchengcos, Ayalas plan merger of education businesses

Jan 08, 2018 - 5:05 PM

Yuchengco-owned iPeople Incorporated, operator of Mapua University, will be the surviving entity in the merger

Conglomerates form ‘Super Consortium’ to propose NAIA upgrade

Dec 21, 2017 - 3:37 PM

The Ayala, Aboitiz, Gokongwei, Gotianum, Metro Pacific and Andrew Tan groups will submit their unsolicited bid to the Department of Transportation

Conglomerates in talks for 'super consortium' to upgrade NAIA

Dec 07, 2017 - 3:50 PM

Andrew Tan's Alliance Global and Lucio Tan's LT Group confirm there are talks with other business groups, though no formal agreements have been reached

Sy, Zobel still in, Aboitiz out of Forbes' list of Asia's richest families

Nov 15, 2017 - 2:09 PM

Two prominent Filipino clans are included in the magazine's annual list of the 50 wealthiest business dynasties in the region

BILLION-DOLLAR CLAN. Sy and Zobel de Ayala families are Philippines' two richest clans. Photos from Ayala's and SM Investments's official website

Ayala Corp net income up 39% to P8.2B in Q3 2017

Nov 10, 2017 - 4:49 PM

The result means that AC’s net income for the first 9 months of 2017 is up 18% to P23.2 billion, primarily because of the strong performances of Ayala Land and AC Energy

Metro Pacific group eyes P20 billion for MRT3 takeover

Oct 02, 2017 - 6:20 PM

This would be P7.5 billion higher than its initial investment projection to take over and rehabilitate the Philippines' most congested mass transit railway

NEW OPERATOR SOON? Once the Metro Pacific group hurdles the Swiss challenge, it expects to take over the operations, maintenance, and rehabilitation of the MRT3 by early 2018. File photo by JR Belardo/Rappler

After a decade, construction of MRT-LRT Common Station to begin in September

Sep 19, 2017 - 9:10 PM

The coveted project has seen 3 transportation secretaries come and go. Finally, the construction will start on September 29.

Pangilinan-Ayala group poised to bag MRT3 original proponent status

Sep 18, 2017 - 7:00 PM

Other private groups will be able to submit competing offers under a Swiss challenge, while the original proponent, the Pangilinan-Ayala group, would be given the right to match them

HURDLES. Once the Pangilinan-Ayala group is given the original proponent status and hurdled the Swiss challenge, it expects to take over the operations, maintenance, and rehabilitation of MRT3 by early 2018. Photo by Martin San Diego/Rappler

UN honors Zobel de Ayala as pioneer of sustainable development

Sep 14, 2017 - 4:55 PM

Jaime Augusto Zobel de Ayala becomes the first business leader from the Philippines and Southeast Asia to be recognized by the United Nations for efforts in championing sustainability

DBP open to unload MRT3 interests

Sep 12, 2017 - 3:15 PM

A new owner and operator for Metro Rail Transit Line 3 MRT3 is in the books of the Philippine government This is to give the railway proper upgrade and maintenance

COMMUTERS' ORDEAL. During rush hour, MRT3 passengers endure long lines and jampacked trains. Rappler file photo

Pangilinan-Ayala group eyes MRT3 takeover by early 2018

Aug 31, 2017 - 8:25 PM

The group hopes to operate maintain and rehabilitate the Metro Rail Transit Line 3 for 32 years Will its unsolicited proposal be approved?

NEW OPERATOR SOON? MRT3 is currently being maintained by Korean-Filipino firm Busan Universal Rail Incorporated (BURI), while the system's rail replacement is being handled by the government. MRT Corporation owns the system. Photo from the Metrostar Express website

Ayala Corp net income up 9.1% to P15.1 billion in 1st half of 2017

Aug 14, 2017 - 12:10 AM

BPI is the Ayala Group s top earner for the period followed by Ayala Land

Ayala to join Metro Pacific in MRT3 rehab proposal

Aug 11, 2017 - 5:15 PM

The two conglomerates are also partners in the operations maintenance and upgrade of LRT1

Ayala acquires German auto parts manufacturer

Jun 05, 2017 - 5:05 PM

The P1 49 billion investment is part of AC Industrials expansion spree

8 Philippine companies among world's largest listed firms

May 25, 2017 - 8:00 PM

SMIC BDO JG Summit Ayala Top Frontier Metrobank Aboitiz and Meralco – with a combined market value of 72 4 billion – make it to Forbes 2017 Global 2000 list

LISTED. 8 Philippine companies were included in the Forbes' list of 2000 largest public companies in 2017.

SM Prime, Ayala to defy China's slowdown

Apr 26, 2017 - 9:15 AM

While SM Prime plans to increase its investments in China Ayala is in talks with several Chinese firms that are interested in venturing into Philippine infrastructure

CHINESE TASTES. SM City Xiamen shows how well SM has adapted to China. It started as a mass market department store in 2001, then expanded to a lifestyle mall with upscale brands. Photo by Mia Gonzales/Rappler

12 ASEAN brands that have gone global

Apr 24, 2017 - 10:00 AM

Some familiar brands in the Southeast Asian region are making their mark around the world

GOING GLOBAL. Take a look at some the regional brands that now have a global presence.

Can conglomerates foster inclusive development in PH?

Apr 03, 2017 - 10:00 AM

The country faces a dilemma in development as it strives to achieve growth and progress amid distress and poverty

DILEMMA. The Philippines is one of the fastest growing economies despite having the third highest poverty incident rate in ASEAN.

Ayala, SM team up for alternate to EDSA

Mar 31, 2017 - 5:11 PM

The proposed P25 billion elevated expressway will be owned by both firms and built at no cost to the government

Ayala Corp nets P26B in 2016, eyes power and digital for the future

Mar 13, 2017 - 9:30 PM

The conglomerate sets up a slew of energy and e commerce investments although the bulk of its earnings still comes from traditional sectors

Ayala Corp takes 43.3% stake in Zalora PH

Feb 23, 2017 - 9:35 PM

This acquisition is part of Ayala s strategy to invest in innovative businesses especially in the digital space

Jack Ma's Ant Financial invests in Globe's Mynt

Feb 18, 2017 - 9:04 PM

The deal represents the Alibaba group s first investment in the Philippines and gives Mynt access to the digital payment giant s technology to improve its GCash service

Senators convinced 'best' location achieved for MRT-LRT common station

Feb 13, 2017 - 7:00 PM

But the Senate committee wants someone to be held liable for the P200 million naming rights contract of SM Prime which caused the almost 8 year delay of the project

PROBE INTO COMMON STATION. Senator Grace Poe, chair of the Committee on Public Services on Monday, February 13, 2017, leads probe into the MRT-LRT Common Station deal. Senators JV Ejercito and Sherwin Gatchalian also attended the hearing. PRIB Photo by Cesar Tomambo.

Ayala Corp enters health tech via ePharmacy startup

Feb 09, 2017 - 7:27 PM

The conglomerate through subsidiary AC Health invests in MedGrocer which allows users to buy medicine online and have items delivered to them

(L-R) MedGrocer CEO & Founder, Jerome Uy, and AC Health CEO, Paolo F. Borromeo, shake hands at the announcement of the signing ceremony held on February 7, 2017 in Makati. MedGrocer is the first health technology company to join AC Health's portfolio. Photo courtesy of AC health

LOOK: The newly-renovated LRT1 Doroteo Jose Station

Feb 06, 2017 - 7:14 PM

Light Rail Manila s directive is to rehabilitate the 20 stations and train cars of LRT1 in 18 months and extend the line from Baclaran to Bacoor Cavite

PREPS FOR THE FUTURE. Light Rail Manila, operator of LRT1, launches its newly renovated Doroteo Jose Station in Sta. Cruz, Manila. All photos from Light Rail Manila Consortium

LRT1 operator to start Cavite extension in late February

Feb 06, 2017 - 4:05 PM

LRMC the operator of LRT1 takes on French companies Bouygues Travaux Publics and Alstom Transport Private Limited to help build the LRT1 Cavite extension

RENOVATION, EXTENSION. On Monday, February 6, 2017, LRMC launched the newly renovated Doroteo Jose station in Sta. Cruz, Manila. Photo by Light Rail Manila Consortium

AC Energy eyes another renewable energy investment

Jan 19, 2017 - 5:00 PM

We are building up our RE platform so we re looking for acquisitions in the Philippines says AC Energy president John Eric Francia

RE. NorthWind Power in Ilocos Norte is a joint venture between AC Energy and NorthWind Founders: Niels Jacobsen, Atty. Ferdinand A. Dumlao and Atty. Jose Ildebrando B. Ambrosio. Screenshot image from AC Energy website

Duterte hosts intimate dinner for top businessmen

Jan 18, 2017 - 4:40 PM

The 3 hour dinner is organized by former president and now Deputy Speaker Gloria Macapagal Arroyo and Presidential Consultant for Entrepreneurship Joey Concepcion

DINNER WITH BUSINESSMEN. President Rodrigo Duterte hosts a dinner for the country's top businessmen on January 17, 2017. Photo by Rey Baniquet/Presidential Photo

Commercial operations for MRT-LRT Common Station eyed in April 2019

Jan 18, 2017 - 2:50 PM

Rarely seen together the country s top businessmen come to agree on the final location of the Metro Rail Transit MRT Light Rail Transit LRT Common Station project

ENDING DEADLOCK. The country's top honchos, Manuel V. Pangilinan, Ramon S. Ang, Hans Sy, and Jaime Augusto Zobel de Ayala, come together to sign a Memorandum of Agreement ending the squabble on the MRT-LRT Common Station deal, Wednesday, January 18, at the Dusit Hotel in Makati City. Photo by Martin San Diego/Rappler

Ayala to build, operate $150-M Indonesia wind farm

Jan 11, 2017 - 5:20 PM

With a generating capacity of 75 megawatts MW the Sidrap Project is the first greenfield offshore investment of AC Energy

FIRST OFFSHORE. With generating capacity of 75 megawatts (MW), AC Energy says the Sidrap project is targeted for completion by the end of 2017. Background image from UPC Renewables' website

MRT-LRT common station to be done in 2.5 years – DOTr

Dec 22, 2016 - 9:40 PM

Transportation Secretary Arthur Tugade says the signing of the compromise agreement on the common station is expected before 2016 ends

HAMPERING MASS TRANSIT. The stay order on the transfer of the site of the common station is barring the construction of the MRT7 and design work for the common station project that has been bundled with the LRT1 Cavite Extension project. SM North City EDSA and TriNoma photos from Ramon F. Velasquez

Ayala, 3 foreign airline operators team up for NAIA PPP

Dec 18, 2016 - 11:45 PM

The people who are joining us are coming from a particular core competency and expertise that can add to the project says the president and CEO of AC Infrastructure Holdings Corporation

HEAD TO HEAD. The country's top businessmen will battle once again for the over $1-billion contract to rehabilitate NAIA. File photo by Noel Celis/AFP

Ayala eyes infra proposals to help ease Metro traffic

Dec 14, 2016 - 5:27 PM

Our mandate is look for an area where we can do something to alleviate the difficulties the pain points and the congestion says Rene Almendras chief of AC Infrastructure Holdings

PAIN POINTS. With the country facing a significant infrastructure gap, the company committed to invest $1 billion of equity over 5 years. Rappler file photo

Ayala to government: It's time for CARS 2.0

Nov 30, 2016 - 9:06 PM

In response Trade Secretary Ramon Lopez says his department will look into creating a CARS type incentives program for electronics

NICHE. IMI has found a niche in manufacturing extremely complex safety and control systems for automobiles, Zobel de Ayala says. Rappler file photo

Informing and inspiring students through books

Nov 29, 2016 - 2:28 PM

Ayala Foundation celebrates National Reading Month by raising 200 000 storybooks for 200 public schools

BOOK DRIVE. Students from CENTEX Manila represent students from 200 schools who will receive 200,000 storybooks from the Ayala group’s ‘100 for 200’ book drive. Present at the turnover are (from left) QC representative Bolet Ba-nal, Airwoman First Class Hidilyn Diaz, Major General Conrado Parra Jr. of the Philippine Air Force, Ayala Group Head for Corporate Human Re-sources JP Orbeta, Cagayan de Oro Mayor Oscar Moreno, Vice President Leni Robredo, Ayala President Fernando Zobel de Ayala, Ayala Founda-tion President Ruel Maranan, APMC President Laurent Lamasuta, DepEd Undersecretary Dina Ocampo, and Ayala Foundation Senior Director for Programs Joanna Duarte.

Tugade accepts DOTr Undersecretary Kintanar's resignation

Nov 23, 2016 - 4:00 PM

Kintanar a former Ayala executive says he would like to give Tugade a free hand in addressing misconceptions or doubts as to the impartiality and independence of the DOTr

'FREE HAND'. Being a former executive director of AC and a former chief operating officer of AC Infrastructure Holdings Corporation, some lawmakers have called him out for a possible conflict of interest. Photo from Kintanar's LinkedIn account

Ayala Corp sees 11% growth in net income

Nov 11, 2016 - 5:45 PM

The conglomerate s healthy earnings trajectory is buoyed by contribution from banking real estate and automative businesses

BUOYED. Jaime Augusto and Fernando Zobel de Ayala at the annual stockholders meeting of Ayala Corp. on April 19, 2013. Rappler file photo

Globe Telecom's Q3 net income drops by 50%

Nov 07, 2016 - 3:36 PM

Expense from its buyout of San Miguel Corporation s telecommunications business dents the Ayala led firm s 3rd quarter financial performance

CUT IN HALF. Globe Telecom executives explain how its net income dropped during last quarter. Photo by Chrisee Dela Paz/Rappler

Deal reached: LRT-MRT common station between SM North, TriNoma

Sep 27, 2016 - 3:55 PM

A memorandum of understanding is set to be signed on Wednesday September 28

HAMPERING MASS TRANSIT. The stay order on the transfer of the site of the common station is barring the construction of MRT7 and design work for the common station project that has been bundled with LRT1 Cavite Extension project. SM North City EDSA and TriNoma Mall photos from Ramon F. Velasquez

LRT1 fare hike delayed as gov't seeks 'win-win solution'

Aug 08, 2016 - 5:40 PM

The transportation department says it will try to further postpone the fare hike which was supposed to have taken effect August 1

'WIN-WIN.' Transportation Spokesperson Cherie Mercado says the department to talk with the LRT1 operator to come up with a win-win solution. Photo by Chrisee Dela Paz/Rappler

Globe Telecom expects 7%-9% profit growth in 2016

Aug 04, 2016 - 8:35 PM

This is despite stiffer competition in the local telecommunications sector and the steady decline in traditional voice and SMS services

MARKET SHIFT. Local telcos, like Globe, have the opportunity to capture bigger revenue rewards from the mobile data revolution. Shutterstock background image

Ayala Corp's P20-B shelf registration gets SEC green light

Jun 24, 2016 - 12:56 PM

Proceeds from the fund raising activity will be used mainly to refinance the group s P10 billion bond maturing in April 2017

HEALTHY PACE. Ayala Chairman and CEO Jaime Augusto Zobel de Ayala says conglomerate will continue to strengthen its growing portfolio of power and infrastructure investments. Photo by Josh Albelda/Rappler