Ayala-led Integrated Microelectronics Inc. has committed to remain listed on the Philippine Stock Exchange, expecting to pursue an initial public offering by the end of this year or next year.
New business districts Circuit Makati, a 21-hectare development, and the 74-hectare Arca South—both by Ayala Land—recently joined the list of emerging business districts in Metro Manila as cited by Jones Lang LaSalle.
Optimism is soaring that the Philippines is finally becoming an Asian tiger economy, but critics caution a tiny elite that has long dominated is amassing most of the new wealth while the poor miss out.
Uh-oh, the Ayala and Aboitiz groups are trying to get rid of one of their competitors in the bidding for the P10-billion government contract to build and operate the airport terminal in Cebu.
THE AYALA and Aboitiz groups have teamed up with US-based global airport operator ADC & HAS Airports Corp. to boost their bid for the P10-billion Mactan-Cebu International Airport terminal rehabilitation project under the government’s Public Private Partnership (PPP) program.
Ayala Corp. has issued P10 billion worth of medium-term corporate bonds to bankroll the conglomerate’s continued expansion nationwide.
Property giant Ayala Land Inc. is debuting into the convenience store business under Japanese retailing chain FamilyMart, the world’s second-largest convenience store operator, in partnership with the Rustan’s Group and Japanese conglomerate Itochu.
The Ayala conglomerate has formed a triumvirate with A. Brown Group and industrialist Jacinto Ng to build a P12.5-billion coal-fired power plant in Iloilo, a project which seeks to ease the power supply bottlenecks in Panay and the Visayas grids by 2016.
European car giant Volkswagen AG has engaged the diversified Ayala group into a new car distribution partnership, seeking to harness an increasing consumer affluence in the country as part of its ambition towards global leadership.
Some of the 27 listed companies facing trading suspension—especially those that are part of closely watched conglomerates like San Miguel and Ayala—are striving to meet the minimum public float of 10 percent required for continued listing on the Philippine Stock Exchange.
The largest bulk water supply project in Cebu province is all set to start after the Ayala-led joint venture firm Cebu Manila Water Development Inc. (CMWD) signed two agreements with the municipal government of Carmen, which will host the P702-million water treatment plant.
The Metro Pacific and Ayala groups plan to bring in foreign partners into their railway consortium ahead of the awaited bidding for the Light Railway Transit 1 extension project under the government’s public-private partnership framework.
