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 Department of Transportation announced Monday that the LRT-2 will extend its operating hours from December 9 to 30 to accommodate late-night commuters during the holiday rush, following President Ferdinand Marcos Jr.’s directive to keep rail lines open longer this Christmas season.
The Securities and Exchange Commission (SEC) is proposing a new tiered system for minimum public ownership (MPO) requirements for companies planning to go public.