News

Arthaland’s green bonds get 2nd highest credit rating

ARTHALAND Corp. has been given the second highest credit rating by a local debt watcher for its planned issuance of fixed-rate green bonds worth P3 billion. Philippine Rating Services Corp. (PhilRatings) said in a statement Wednesday its has awarded Arthaland a “PRS Aa minus” rating for its plan to issue ASEAN green bonds with a three-year shelf registration of up to P6 bi...

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Ayala Corp Q3 income rises 7%

AYALA CORP. (AC) saw a 7% increase in its earnings in the third quarter, driven by the sustained contributions of its banking and power units. AC said in a statement yesterday its net profit in the July to September period stood at P8.3 billion, bringing the nine-month attributable net income to P46.16 billion, almost double from P23.86 billion last year. Consolidated revenu...

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Century Properties Group income grows 81% in 9 months

PROPERTY developer Century Properties Group (CPG) Inc. grew 81 percent to P1.2 billion, from last year’s P661 million as its diversification strategy to go into other developments started bearing fruit. Consolidated revenues rose to 36 percent to P9.8 billion, from P7.2 billion year on year. “CPG’s strong nine months’ performance is the result of mana...

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Ayala Corp. income almost doubles in 9 months

AYALA Corp. said its net income almost doubled during the nine months of the year to reach P46.2 billion from last year’s P23.86 billion, lifted by the solid contribution of its banking, telecommunications, real estate and power units. Equity earnings from Ayala’s business units grew 77 percent to P51.9 billion, boosted by contributions coming from the Bank of the Philippi...

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Ayala Land investing P18 billion to develop former sugar mill

AYALA Land Inc. (ALI) on Tuesday said it is investing some P18 billion to transform a 290-hectare property, a former sugar mill in Tarlac into an integrated mixed-use estate that will function as a progressive new downtown. The estate, which it called Cresendo, will feature components, such as an industrial park, a residential and commercial areas. The property used to be part of the...

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Sentrove delivers comforts of dynamic city living

It has become a booming gateway north of Metro Manila—a compact urban hub that is breathing new life into this bustling community in Balintawak, Quezon City. This is Cloverleaf, an 11-hectare expanse developed by Ayala Land as Quezon City’s urban haven in Balintawak. This property giant is bringing to this part of the metro a fresh wave of developments that are seen t...

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