Ayala to invest P5 billion for malls, offices and properties
Ayala Land Inc., the Ayala Group’s listed property giant, is investing P5.1 billion in new malls, offices and properties that form part of its portfolio of ongoing and future real estate projects in Metro Manila......»»
ALI spending P100 billion for projects this year
Ayala Land Inc, the listed property giant of the Ayala Group, is ramping up its investments this year with capital spending returning to pre-pandemic level......»»
Ayala Land FY23 profit up 32% to P24.5-B
Ayala Land teased its full-year financial performance in a press release where it revealed that its FY23 profitability increased 32% to P24.5 billion......»»
ALI to raise P50 billion in debt capital
Property giant Ayala Land Inc. is raising up to P50 billion in debt capital this year to refinance maturing obligations and partially fund general corporate requirements......»»
Ayala Land allots P13 billion to redevelop 4 major malls
Ayala Land Inc. is spending P13 billion for the redevelopment of its malls, which is expected to be completed by 2028......»»
AREIT eyes up to P9 billion additional share offering
AREIT Inc. is planning a follow-on offering or private placement of shares to boost its public float which would decrease following a major property-for-share swap transaction with its sponsor Ayala Land Inc......»»
BanKo disburses P14.2 billion loans to small businesses
The microfinance arm of Ayala-led Bank of the Philippine Islands has disbursed over P14 billion in business loans to self-employed microentrepreneurs this year......»»
ACEN secures sustainability-linked loan worth P11 billion
ACEN Corp., the listed energy platform of the Ayala Group, is looking to raise P11 billion from its first sustainability-linked loan, which will help boost solar energy capacity in the country......»»
ALI launches P1.9 billion Batangas township
Property giant Ayala Land Inc. is making a bet on yet another leisure destination, a 62-hectare mixed-use estate in Batangas, with an initial budget of P1.9 billion to develop the area......»»
ACEN secures P20 billion loan to finance RE expansion
ACEN Corp., the energy platform of the Ayala Group, has secured a new debt deal to fund the aggressive expansion of its renewable energy portfolio......»»
AREIT acquires P23 billion assets from Ayala Land
AREIT Inc., the real estate investment trust of the Ayala Group, will acquire P23 billion worth of prime commercial properties from its sponsor Ayala Land Inc......»»
Ayala eyes $1 billion from sale of non-core assets
Conglomerate Ayala Corp. is on track to raise $1 billion from the sale of some of its non-core businesses......»»
AREIT triples assets to P87 billion
AREIT Inc., the listed real estate investment trust (REIT) of the Ayala Group, has grown its assets under management to P87 billion in three years from P27 billion since it listed on the Philippine Stock Exchange in 2020. .....»»
Ayala Group nets P31 billion
Ayala Corp., the country’s oldest conglomerate, reported a core net income of P31 billion in the nine months to September, up 42 percent......»»
BPI lists P36.6 billion bonds today
Ayala-led Bank of the Philippine Islands is set to list today P36.6 billion worth of bonds on the Philippine Dealing & Exchange Corp. more than seven times the original size of P5 billion......»»
ALI earnings jump 38% in 9 months
Ayala Land Inc. reported a net income of P18.4 billion in the first nine months of the year, up 38 percent on higher revenues......»»
BPI begins bond float to raise P5 billion
Ayala-led Bank of the Philippine Islands has commenced its bond float to raise P5 billion aimed at diversifying its fund sources......»»
ACEN secures P5 billion loan facility from Metrobank
ACEN Corp., the listed energy platform of the Ayala Group, has secured a fresh debt deal with a local bank to beef up its war chest......»»
BPI eyes P5 billion via bond float
Ayala-led Bank of the Philippine Islands is set to raise at least P5 billion via its return to the domestic debt market to diversify its funding sources......»»
Globe bankrolls P15-B expansion
Ayala-backed Globe Telecom Inc. has secured P15 billion in additional funding from Metropolitan Bank & Trust Company, a move that will strengthen the company’s financial capabilities to bankroll network improvements and expansion. In a report to the Philippine Stock Exchange, the company said it signed the term loan facilities on Monday. According to Globe, the proceeds will particularly finance Globe’s capital expenditures, debt refinancing, and/or general corporate requirements. Responding to the growing need to ramp up mobile data services amid a digital-savvy landscape, Globe has been also boosting its services to offer seamless and efficient services to users. Proceeds mostly for data network In the first half, the company invested P37.7 billion in capital expenditure, which was 25 percent lower than the similar period last year. It was also consistent with the company’s efforts to bring free cash flow back to more sustainable levels. The majority or about 90 percent of the capex spending was allocated to data network builds to meet the consumer’s escalating demand for data. As of June, Globe built 542 new cell sites and upgraded 5,087 mobile sites to LTE to meet the rising data demands of its customers. The company also deployed around 148,000 fiber-to-the-home lines, significantly lower than last year’s rollout to maximize the utilization of its existing fiber inventory. Relatedly, Globe continues to deploy 5G wireless technology nationwide, firing up 356 new 5G sites across the Philippines, increasing its 5G outdoor coverage to 97.44 percent of the National Capital Region and 91 percent of key cities in Visayas and Mindanao. The post Globe bankrolls P15-B expansion appeared first on Daily Tribune......»»
High BoI figures show capital swing
As a testament to the strides taken to raise the country’s laggard investments, the country’s main investment promotion agency, the Board of Investments reported registering P720 billion worth of investments for the year until August. In a forum on Thursday, BoI Governor Marjorie Ramos-Samaniego said they now see positive investment growth for the rest of the year. “As of August of 2023, the BoI approvals amounted to 72 percent of the P1-trillion investment target for the year,” she added. Last Tuesday, BoI chairperson and Trade Secretary Alfredo Pascual said he is confident of hitting and even surpassing the 2023 investment approvals target of P1.5 trillion. He said the investment promotion agency has projects in the pipeline, some of which came from past foreign trips of President Ferdinand “Bongbong” Marcos Jr. and the investment missions of the Department of Trade and Industry. Last year, the BoI approved an estimated P729 billion worth of new projects, which is 11 percent higher than the P655.4 billion approved in 2021. On Thursday, the BoI announced that it granted green lane endorsement to five floating solar power projects in Laguna Lake under Executive Order 18 or “Constituting Green Lanes for Strategic Investments,” meant to expedite, streamline and automate government approval and registration process of priority and strategic investments. “In keeping with the government’s goal of accelerating the realization of green investments in the Philippines, the BOI has given the go-ahead to ACEN Corporation’s requests for Green Lane processing of several renewable energy ventures located in Laguna Lake,” Pascual explained. The approved projects include SolarAce4, AC Laguna, AC Subic, GigaWind1 and Ingrid Floating Solar Power Plants, which are consistent with the government’s mission to accelerate the growth of eco-friendly investments. In accordance with EO 18, the five renewable energy. or RE, projects are now identified and designated as strategic investments, which are expected to be completed between 2026 and 2027. Obtaining green lane status expedites permit and license issuance, including resolving strategic investment issues. Trade Undersecretary and BoI managing head Ceferino Rodolfo awarded the Green Lane Certificates of Endorsement to ACEN president and CEO Eric Francia in an awarding ceremony at the BoI Main Office in Makati City last 6 September 2023. BoI Governor Ramos-Samaniego and Executive Director Bobby Fondevilla of the Investment Assistance Center are present in the ceremony, and ACEN representatives namely Anabelle Natividad, authorized representative; Atty. Lucky Aranas, project lawyer; and Miguel Ignacio, project manager. SolarAce4 covers 100 hectares of the lake surface area in Santa Cruz, Laguna, and will produce a 140-megawatt peak of clean energy. AC Laguna Floating Solar Power Plant — AC Laguna is located on 200 hectares of lake surface area in Victoria and Pila, Laguna, and will generate 280MWp of clean energy. The AC SUBIC Floating Solar Power Plant, occupying 200 hectares of lake surface area in Victoria and Santa Cruz, Laguna, is expected to produce 280MWp of clean energy. GigaWind1 Floating Solar Power Plant covers 200 hectares of lake surface area in Kalayaan and Paete, Laguna and will generate 280MWp of sustainable energy. Finally, Ingrid Floating Solar Power Plant is located on 100 hectares of lake surface area in Lumban, Laguna and will produce 140MWp of clean energy. At the forefront of Asia Pacific’s renewables revolution, ACEN is the first energy company in Southeast Asia to announce a Net Zero roadmap. ACEN, established in 2011, is the renewable energy platform of the Ayala Group. Its portfolio continues to grow with new solar and wind farms under construction in the Philippines, Australia, Vietnam, Lao PDR and India. ACEN aims to be the largest listed renewables platform in Southeast Asia and is targeting to reach 20 GW of renewable capacity by 2030. Its key markets are the Philippines, Australia, Vietnam, Indonesia and India. The post High BoI figures show capital swing appeared first on Daily Tribune......»»