ACMobility, the mobility solutions arm Ayala Corp., and Honda Cars Philippines, Inc. (HCPI) announced the upcoming transition of their dealer operations, effective January 1 next year.
Ayala Corp., the diversified holding company of the Ayala Group, reported a 3.7 percent decline in net income to P12.6 billion in the first quarter, weighed down by one-off items and weaker contributions from its telecom and energy units.
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.
Security Bank Corporation and its investment banking arm Security Bank Capital secured nine honors at The Asset Triple A Sustainable Infrastructure Finance Awards 2026. The awards recognize their work funding key Philippine projects across clean energy, water, and transport. The group took top prizes including Asia-Pacific Deal of the Year and Project Finance Deal of the Year for the historic PHP150 billion Terra Solar loan, which backs what is set to be the world’s largest integrated solar and battery facility. They also earned awards for hydro power schemes, Southeast Asia’s first water sector green equity IPO for Maynilad, and a major bond issuance for Metro Pacific Tollways. Officials said the wins reflect their commitment to building critical infrastructure and advancing the country’s renewable energy shift.
SM Prime Holdings Inc. has expanded its business in Xiamen, China, launching its first hotel in the country last month. The 325-room Voco Xiamen SM City connects directly to SM Xiamen, the group’s first property in China opened 25 years ago. Worth about 450 million yuan or P4 billion, it sits near a metro station and is close to Xiamen’s airport and railway station. SM Prime president Jeffrey C. Lim said the project turns the complex into a full lifestyle destination, taking advantage of China’s growing tourism market and new government support policies. Xiamen is also the hometown of SM group founder Henry Sy Sr.
Universal Robina Corporation has secured key recognitions from two of Hong Kong’s biggest retail chains, PARKnSHOP and 7-Eleven, marking a major step forward in the company’s international expansion and localization efforts.
The Philippines and the US are racing to seal a framework agreement for the proposed Pax Silica technology hub in New Clark City before year-end, a move that could unlock one of Southeast Asia's biggest platforms for artificial intelligence, semiconductor, and advanced manufacturing investments.