Tag: Ayala Corp.

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Zobel eyes 5% growth, rebound as risks ease

Jaime Augusto Zobel de Ayala, chairman of Ayala Corp., struck a cautiously optimistic tone on the Philippines’ economic outlook, projecting a rebound as near-term risks begin to ease and structural strengths remain intact.

Philippines pushes deeper economic ties with Japan

The Philippines is seeking to strengthen and future-proof its long-standing economic partnership with Japan, a relationship seen as critical to regional stability and growth, according to Cezar Consing, president and CEO of Ayala Corp.

Ayala, Honda shift dealer operations strategy

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 expands P20B buyback to shares of units

Ayala Corp., the listed investment holding firm of the Ayala Group, said Thursday that its board of directors has approved an expansion of its...

Telecom, energy units weigh down Ayala 1Q earnings

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.

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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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