Tag: Ayala Corp.

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Ayala names Lester Ong as new treasurer

Ayala Corp. is changing the person holding the purse strings, with BPI Capital Corp. president and managing director Lester Ong set to become the conglomerate's new treasurer on January 1, 2027.

Ayala boosts Ayala Land stake with P2.38B buyback

Ayala Corp. has accelerated its accumulation of Ayala Land Inc. (ALI) shares, spending about P2.38 billion to acquire 141.55 million common shares through market purchases disclosed between July 16 and July 31, reinforcing its confidence in the property giant's long-term prospects while taking advantage of what it believes is an undervalued share price.

Ayala, JG Summit boost DTI logistics network for MSMEs

Ayala Corp. and JG Summit Holdings Inc. have joined the Department of Trade and Industry's (DTI) expanding Supply Chain and Logistics Center (SCLC), strengthening a public-private initiative designed to give micro, small and medium enterprises (MSMEs) easier access to logistics services and supply chain expertise.

Ayala earmarks P5 billion for bigger ALI stake

Ayala Corp. has set aside P5 billion to buy additional shares in Ayala Land Inc. (ALI), signaling continued confidence in the property giant as the conglomerate expands its share buyback program amid subdued market valuations.

Ayala sharpens cash focus amid global headwinds 

Jaime Augusto Zobel de Ayala, chairman of the diversified Ayala Corp., said the group is prioritizing resilience and disciplined capital deployment as global volatility and softening demand reshape operating conditions.

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Philip Morris counts Philippines as key sourcing, manufacturing hub

Philip Morris International (PMI) is counting on the Philippines as an important sourcing and manufacturing base as it strengthens supply-chain resilience against weather disruptions, geopolitical risks and other external shocks.

FAA grounds US flights over nationwide communications failure

The Federal Aviation Administration (FAA) halted commercial flights nationwide Friday (early Saturday in Manila) after a communications failure crippled all 22 regional air traffic control centers, although it remained unclear whether the disruption was connected to an outage affecting some Microsoft services.

Philippines flirts with stagflation as growth stalls, prices surge

The Philippine economy is beginning to resemble a car running low on fuel while its engine overheats. Growth is sputtering, prices are soaring, jobs are getting harder to find, and agriculture—a major source of food and rural livelihoods—is contracting

ASEAN digital push puts MSMEs at heart of regional growth

Southeast Asia’s small businesses need stronger digital capabilities and better access to regional markets to tap more than 680 million consumers and help ASEAN achieve its ambition of becoming the world’s fourth-largest economy, ASEAN Foundation executive director Dr. Piti Srisangnam said.

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