News

Ayala Group’s power unit takes control of San Carlos solar firm

AC ENERGY Philippines Inc. (Aceph), the power unit of the Ayala Group, signed a P2.78 billion share purchase agreement to own a controlling stake in San Carlos Solar Energy Inc. (Sacasol) in Negros Occidental. Aceph is acquiring the ownership interest from the Philippine Investment Alliance for Infrastructure (Pinai). The listed power firm signed the agreement with Macq...

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Ayala Corp. raises P15B from re-issuance of preferred shares

AYALA Corp. (AC) has held a ceremonial bell ringing for the re-issuance of its Class “B” Series 2 preferred shares at the Philippine Stock Exchange (PSE) on Monday. Dec. 2, 2019. The shares were re-issued on the PSE on Nov. 29. AC, the holding company of the Ayala Group, raised P15 billion from its preferred shares re-issuance, which was 1.84 times oversubsc...

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Ayala estate to rise in Tarlac City

AYALA LAND, Inc. (ALI) is looking to replicate Tarlac City’s beloved poblacion within its new mixed-use estate Cresendo. The property giant recently launched the 290-hectare Cresendo, envisioned as a “modern local community” with residential, commercial and industrial components. At the heart of Cresendo is a 30-hectare urban core with a 1.5-hectare central...

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New facilities ready at Lubi Plantation Resort

THE LUBI Plantation Resort, one of the joint ventures of Torre Lorenzo Development Corp. and Dusit International in Davao, has opened additional facilities as it officially received on Dec. 1 its Dusit Thani mark, the Thai hotel group’s high-end and full-service brand. “We are officially launching the new brand, Dusit Thani at Lubi Plantation Resort… Together with t...

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Amaia project bets on Pampanga growth

AS Pampanga’s economy continues to grow, developer Amaia Land, Inc. is looking to take advantage, with the development of a residential community in San Fernando. In a statement, the unit of Ayala Land Inc. said now is the right time to invest in the province’s capital through Amaia Scapes San Fernando. Amaia Scapes San Fernando offers single homes, twin homes, t...

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Pueblo de Oro launches new community

PUEBLO DE ORO Development Corp. recently launched The Grove at Pueblo Golf, an exclusive boutique community in Cagayan de Oro City. The Grove features residential townhouses with a “modern Asian” aesthetic, surrounded by the greens and open spaces of the Pueblo de Oro Golf Course. The low-density community only has 92 two-storey units within the 1.66-hectare deve...

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