Monday, March 16, 2020


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16 MAR 2020
Ayala income down by 24% as water and electronics businesses take a hit

17 FEB 2020
LRT-1 operator starts counting cost of virus

17 JAN 2020
AC Health acquisition of Healthway PH done

13 JAN 2020
Ayala mobilizes relief efforts amid Taal eruption

18 NOV 2019
Ayala to benefit from Myanmar investment

30 OCT 2019
4 conglomerates keen on Sangley airport bid

19 OCT 2019
LRMC invests P8.7 billion to upgrade LRT Line 1 system

18 OCT 2019
FamilyDOC ready to open biggest clinic

12 SEPT 2019
Winner of 1,200 MW supply deal out on Friday

12 SEPT 2019
NAIA Consortium not worried over Bulacan Airport project

11 SEPT 2019
AC Energy eyes more RE projects

10 SEPT 2019
SMC, Ayala top power supply bids

26 JUL 2019
Ayalas divest interest in Lanao coal project

23 JUL 2019
Zalora PHL targeting 50% annual sales growth

05 JUL 2019
AC Health increases Generika stake

26 JUN 2019
Ayala completes deal for Phinma Energy stake

21 JUN 2019
Manila Water inks deal with weather data provider

12 JUN 2019
Ayala invests in US medtech firm

08 JUN 2019
Ayala bullish on new vehicle venture

05 JUN 2019
AC Energy completes Vietnam solar project

05 JUN 2019
LRMC completes repair of LRT 1 infrastructure

05 JUN 2019
Ayala’s higher stake in Generika gets PCC OK

05 MAY 2019
Duterte's China pivot transforms Philippines' oldest conglomerate

23 MAY 2019
AC buys back P3B of its shares from Mitsubishi

12 MAY 2019
Property, telco units push Ayala Q1 profit 5% higher

09 MAY 2019
Ayala to spend P2B for cancer hospital

08 MAY 2019
Construction of LRT-1 Cavite extension gets under way; partial operations by 2021

07 MAY 2019
AC Energy, partner to start building Vietnam wind farm

03 MAY 2019
Kickstart Ventures, Inc. to manage new  $150M venture capital fund of Ayala Corp.
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30 APR 2019
AC Energy to start Vietnam wind projects in 2020

29 APR 2019
Ayala formalizes entry into Vietnam with launch of solar power plant

26 APR 2019
AC Education-iPeople to complete merger in May

24 APR 2019
Ayala on track to post P50-billion profit

02 APR 2019
KTM motorcycle dealerships to grow in 2019

30 MAR 2019
AC Energy coal-fired plant named ‘energy project of national significance’

24 MAR 2019
Asian opportunities

14 MAR 2019
Ayala health raises stake in Generika Group

14 MAR 2019
Ayala Corp.’s income increases 5% to P31.8b

14 MAR 2019
AC Industrials takes control of German firm

11 FEB 2019
Ayala unit to begin work on Australian solar project

02 FEB 2019
AC Energy raises $410 million from 'green bonds' to fund expansion

11 JAN 2019
AC Health to boost expansion of FamilyDoc clinics

10 JAN 2019
Ayala acquires Phinma Energy

18 DEC 2018
Zobel brothers aren’t retiring (yet)

18 DEC 2018
Ayala targets to sell over 10,000 Kia vehicles in 2019

12 DEC 2018
Ayala Group focusing on four business areas with ‘tremendous’ growth potential

10 DEC 2018
Ayala wants to become bigger RE player in Phl

07 DEC 2018
Kia taps Ayala Corp for Philippines relaunch

11 NOV 2018
AC Energy invests in renewable energy company The Blue Circle

23 OCT 2018
Ayala invests P1B in logistics business

16 OCT 2018
Zalora bullish as more Filipinos shop online

15 OCT 2018
AC Energy inks $83-million EPC contract for development of solar farms in Vietnam

04 OCT 2018
Work on LRT Cavite extension to start by Q1

02 OCT 2018
Ayala to introduce Maxus vehicles in PHL

02 OCT 2018
Yuchengco, Ayala groups approve merger of education businesses

01 OCT 2018
Ayala Corp. (AC)

22 SEPT 2018
Generika Drugstore eyes more outlets amid price pressures

18 SEPT 2018
AC expects delivery platform to boost logistics business

14 SEPT 2018
NAIA consortium’s P102-B proposal gains ground

14 SEPT 2018
Ayala infra arm eyes more projects after NAIA after NAIA

10 SEPT 2018
Ayala unit allots P700m for logistics operations

07 SEPT 2018
Ayala Corp. CEO senses ‘growing impatience’ with PHL gridlocks

06 SEPT 2018
NAIA consortium says proposed terminal fee hike is not a ‘gov’t guarantee’

01 SEPT 2018
AC Infra, Zalora unit in logistics investment tieup

31 AUG 2018
LRMC to push through with Cavite extension despite fare hike delay

14 AUG 2018
Ayala-Aboitiz consortium bids for national ID system

14 AUG 2018
AC Energy inks construction, financing deals to expand solar farm in Vietnam

14 AUG 2018
Ayala Corp. nets P16.1B

07 AUG 2018
NAIA Consortium gets original proponent status

06 AUG 2018
NAIA consortium says SWS survey shows Filipinos still prefer NAIA

01 AUG 2018
AC Energy looking at more renewable energy ventures

18 JUL 2018
DoTr recommends to MIAA award of OPS to NAIA rehab consortium

13 JUL 2018
LRMC pushes for LRT-1 fare hike

29 JUN 2018
AC Energy mulls joint venture for Vietnam wind farm project

11 JUN 2018
DoTr to decide on MPIC-Ayala’s MRT takeover by yearend

23 MAY 2018
Ayala debuts into Australia’s renewable energy space

21 MAY 2018
Ayala eyes partial sale of thermal energy business

17 MAY 2018
AC Energy on track to build capacity to 2,000 megawatts

12 MAY 2018
Ayala Q1 profits hit P7.7B

07 MAY 2018
Ayala Group to acquire 65% of Columbian Autocar

23 APR 2018
Ayala mulls more projects in transport infrastructure

21 APR 2018
AC venture unit to target emerging, disruptive technologies

16 APR 2018
Ayala-led Merlin to produce solar panels in Laguna by end-2018

10 APR 2018AC
Energy to finalize funding for another overseas solar project

06 APR 2018
AC Energy eyes power portfolio topping 5 GW

20 MAR 2018
AF Payments partners with digital wallet app

13 MAR 2018
Ayala to spend record P249B for capex in 2018

12 MAR 2018
Ayala nets P30B

27 FEB 2018
Ayala unit takes control of US-based Merlin Solar

20 FEB 2018
Ayala-led Manila Water acquires stake in Thailand-based firm East Water

14 FEB 2018
Ayala unit ventures into fulfillment solutions

13 FEB 2018
AC Energy expects to hit 2,000 MW target early

07 FEB 2018
LRMC to add more LRT-1 trains

05 FEB 2018
Ayala group eyes stake in monorail project

24 JAN 2018
AC Energy partners with BIM Group to develop over 300MW of solar power in Vietnam

23 JAN 2018
AC Energy sees consistent earnings growth from wind, geothermal fields

22 JAN 2018
AC Energy eyes 150-MW diesel power plant in Rizal

19 JAN 2018
Ayala restructures energy business

08 JAN 2018

21 DEC 2017
AC Energy inks Citicore deal

06 DEC 2017
7 firms eye 'super consortium' for NAIA modernization

01 DEC 2017
Ayala Corp Industrials eyes renewable energy

28 NOV 2017
552-MW Mindanao coal facility to open next year

24 NOV 2017
AC Energy partners with UK firm to power Tawi-Tawi

24 NOV 2017
PCC clears AC Energy acquisition of Islabio

14 NOV 2017
Ayala Corp eyes Myanmar, Eastern Europe for expansion

11 NOV 2017
Ayala group’s 9-month bottom line jumps 18% to P23.2B

06 NOV 2017
Ayala group to start exporting motorcycles to China, Thailand

24 OCT 2017
AC Energy says Indonesia wind farm to operate by Q1

09 OCT 2017
Ayala on the lookout for more health care investments

08 OCT 2017
Ayala grows corporate farming venture

28 SEPT 2017
Ayala completes acquisition of minority stake in Mynt

11 SEPT 2017
AC Energy keeps focus on Indonesia, Vietnam

08 SEPT 2017
Ayala Corp. marks return to dollar bond market

04 SEPT 2017
Light Rail Manila proposes express trains on LRT-1

01 SEPT 2017
MPIC-Ayala eyes MRT-3 takeover in 6 months

01 SEPT 2017
Ayala completes deal to acquire Zalora stake

25 AUG 2017
Ayala, GE invest P1.3B to open 100 clinics by 2020

14 AUG 2017
Ayala Corp net income up 9.1% to P15.1 billion in 1st half of 2017

14 AUG 2017
Ayala looks to partner with MPIC for MRT-3 rehab

25 JUL 2017
AC Energy sells Chevron assets to Sy Group

25 JUL 2017
AC Energy broadens Indonesia footprint

24 JUL 2017
LRT-1 passes audit for ISO certifications

07 JUL 2017

27 JUN 2017
Ayala Corp. mulling P30-B in debt securities

07 JUN 2017
Ayala-KTM joint venture plans to export locally manufactured units to China

05 JUN 2017
Ayala unit buys German auto supplier MT Misslbeck
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01 JUN 2017
LRMC plan to add LRT-1 trips seen to reduce commuters’ waiting time

31 MAY 2017
Manila Water optimistic on growth prospects

22 MAY 2017
AC Energy bullish on Indonesia

20 MAY 2017
DTI in talks with Ayala Group for Go Lokal store branches

11 MAY 2017
Ayala Corp. nets P6.9B

04 MAY 2017
After delays, work starts at LRT1 Cavite extension

03 MAY 2017
Ayala fully redeems P10B in maturing bonds

25 APR 2017
AC Energy to add capacity at Pagudpud wind farm

04 APR 2017
Ayala completes deal for Chevron’s geothermal assets in Indonesia

03 APR 2017
Ayala Group still interested in NAIA rehab project

01 APR 2017
Ayala, SM propose Sta Mesa to MOA expressway

29 MAR 2017
AYC Holdings transfers ownership in Integrated Micro-Electronics to AC Industrials

23 MAR 2017
Ayala power unit eyes Vietnam in regional push

20 MAR 2017
Ayala readies proposal for gov’t infra projects

18 MAR 2017
Ayala Energy to buy 2 clean energy firms

17 MAR 2017
AF Payments says three million ‘beep’ cards now in circulation in PHL

16 MAR 2017

Ayala’s startups

A long time ago, before the era of Wi-Fi and smartphones, the country’s oldest business house Ayala Corp. created a new business unit called i-Ayala to foster innovation, and invest in dotcom and tech companies. The group forked out some P1 billion then, but hardly benefited from the investment.
The foray into technology then was deemed ahead of its time.  The internet was just picking up in the Philippines and tech investing didn’t have the benefit of hindsight then.

About two decades after, the Ayala group is again building up its investments in technology and is now keen on providing financial muscle to startup companies that offer anything cutting edge or potentially disruptive (outside of Globe Telecom’s Kickstart Ventures). Reflecting its reenvigorated appetite for tech investing, Ayala recently announced its pioneering entry into e-commerce focused on the ePharmacy (MedGrocer), inclusive financial technology (GCash and Fuse Lending operator Mynt) and online retailing (Zalora).

Ayala has so far invested $50 million to $100 million in potentially disruptive businesses.

Ayala also bought a minority stake in a startup company in Silicon Valley that has developed “proven” technology to enhance efficiency of solar panels.  To date, this is a small company but with a big laboratory and production lines. “The economics of solar is moving in the right direction which we believe is going to be the  solution to many energy problems,” Ayala Corp. managing director Rene Almendras said.

Due to a confidentiality clause, Ayala can’t disclose the name of the solar technology firm. Anyhow, the investment is deemed “too small” relative to Ayala’s total portfolio to compel any disclosure of material info.

Ayala Corp. chief finance officer Teodoro Limcaoco stressed that the group had no carte blanche mandate to buy into just any startup.  He said Ayala would be open to investing in startups that offer synergy with the group’s existing business and those that bring something disruptive or innovative to the industries the group was in.  “We also have to believe in the founder’s vision and credentials,” added Paolo Borromeo, Ayala group head of corporate strategy.

“That shows you how we are evolving at the Ayala Corp. level. We’re willing to invest seed funding now to new starups whereas before, we were always hesitant to these things,” Borromeo said. “We’re bolder but still deliberate,” Almendras added. — DORIS DUMLAO-ABADILLA

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14 MAR 2017
Ayala posts 17% hike in 2016 profit

03 MAR 2017
Zalora targets offline shoppers with Ayala Malls boost

24 FEB 2017
Bullish Ayala earmarks P185B for capex

23 FEB 2017
Ayala buys 49% of Zalora PH

17 FEB 2017
Ayala revives bid to enter car mfg

10 FEB 2017
Ayala expands into health care with MedGrocer investment

07 FEB 2017
LRT-1 Cavite extension project expected to break ground within Q1

06 FEB 2017
ACEI stays bullish on Volkswagen sales in country this year

26 JAN 2017
Ayala group mulls infrastructure projects as it prepares NAIA bid

21 JAN 2017
Ayala spending about P174 B for various projects

20 JAN 2017
AC Energy eyes P7.489-billion RE investment deal in Indonesia

20 JAN 2017
Ayala looking to retain capital spending budget

18 JAN 2017
BoI green-lights Ayala’s motorcycle manufacturing unit

11 JAN 2017
Ayala Invests in Indonesia Wind Farm Project

09 JAN 2017
AF Payments eyes more beep card partnerships

04 JAN 2017
Ayala exits hydro-power business

23 DEC 2016

Indonesia, Philippine groups acquire Chevron's $3 billion geothermal assets

20 DEC 2016
Ayala unit sells 15 pct stake in SLTEC