Corporate

Ayala Corporation, one of the country's oldest and most respected conglomerates, has taken a significant step toward ensuring its continued growth and evolution by promoting four next-generation leaders, predominantly from the Zobel family.

Anko, Australia’s home and lifestyle retailer, is poised for significant expansion in the Philippines with the opening of its third and largest store at Ayala’s Trinoma shopping mall in Quezon City, scheduled for July.

SM Investments Corp. and its property development arm SM Prime Holdings Inc. are looking to the European bond market to raise funds to bankroll continued expansion and sustain growth.

Renewable energy generator Raslag Corp. announced that its board has approved a capital-raising plan aimed at generating up to P2 billion through the private placement of up to 15 million preferred shares.

LT Group Inc., the flagship investment holding company of the Lucio Tan Group, said its board has approved regular and special dividends that will distribute to its shareholders a total P3.25 billion. On Friday, the board of LT Group approved the declaration of P0.15 regular cash dividend and P0.15 special dividend for shareholders on record as of March 21. The dividends will be paid not later than April 11.