The Ayala Group, through its energy arm AC Energy Holdings Inc., is in discussions with GNPower Mariveles Coal Plant Ltd. Co. regarding an ownership stake in the planned expansion of the latter’s 600-megawatt coal-fired power plant in Mariveles, Bataan.
The Ayala group, through energy arm AC Energy Holdings Inc., is aggressively expanding its power generation portfolio to include Mindanao and is in talks with prospective partners undertaking projects on the electricity-starved island.
Conglomerate Ayala Corp. is studying investment opportunities in Burma (Myanmar)—considered to be Southeast Asia’s last frontier—particularly in the fields of telecommunications, real estate and banking, as part of its regional expansion thrust.
Phinma-led Trans-Asia Oil and Energy Development Corp. has signed separate agreements with two units of the Ayala group.
Integreon, a business process outsourcing firm under the Ayala group, has bagged a new deal with US-based SNL Financial (SNL) that will expand the local pool of professionals serving the latter’s financial research and business support requirements.
GATCHALIAN-LED Philippine Estates Corp. (PHES) is pursuing plans for a residential development in Cavite in partnership with the Ayala group, one of the country’s top property developers.
The Board of Investments approved this week the registration of P62 billion worth of power projects, which can generate a total of 735 megawatts in additional power for the Luzon grid.
The Ayala Group plans to spend about $500 million over the next five years to build up its portfolio of power generation assets and expand its interests in infrastructure.
The Ayala group has expressed interest to invest in the South Luzon Expressway (SLEx) concession as part of its foray into the tollroad business, which is also seen adding value to its strategic property development projects.
MSCI has silently taken the brunt of investors’ wrath following the seemingly fickle index alignment involving Ricky Razon-led port operator International Container Terminal Services Inc. (It was included in the index for a day.) But according to industry sources, the Philippine Stock Exchange itself may have some explaining to do. ICTSI recently wrote the PSE [...]
