Ayala Corp., a diversified investment holding company, reported a record net income of P42.0 billion for 2024, up 10 percent year-on-year increase. Excluding one-off items, its core net income hit P45.0 billion, marking a significant milestone for the company.
Conglomerate Ayala Corporation has earned an A minus (A-) rating from the Japan Credit Rating Agency Ltd. (JCR) for its inaugural long-term foreign currency debt sale, the company said on Monday. The rating, which aligns with the Philippine sovereign rating, will significantly improve Ayala's access to yen-denominated loans, providing more favorable borrowing terms for its growth initiatives.
Danish investment firm A.P. Moller Capital, through its EMIF II Holding III B.V. entity, has entered into an agreement to acquire up to a 40 percent economic stake in AC Logistics, a subsidiary of Ayala Corporation.
The Civil Aviation Authority of the Philippines (CAAP) is stepping up efforts to adopt sustainable aviation fuel (SAF) as part of its push to reduce carbon emissions in the aviation sector.
St. Luke’s Medical Center – Quezon City has introduced the O-arm® Surgical Imaging System, a new technology designed to improve accuracy in orthopedic and spine surgeries.
Senator Sherwin Gatchalian on Monday pushed a new package of non-fiscal incentives, including zero-interest loans, to accelerate the country’s transition to electric vehicles (EVs), citing risks from heavy dependence on Middle East oil.