Ayala Corporation

GNPower Kauswagan Ltd. Co. (GNPK), the joint venture company between AC Energy Holdings, Inc. (AC Energy), the power unit of conglomerate Ayala Corporation, and Power Partners Ltd. Co. (PPLC), engaged Shanghai Electric Power Construction Co. (SEPCC), a subsidiary of Power Construction Corporation of China, for the engineering, procurement and construction (EPC) of a US$1 billion-thermal facility in Kauswagan, Lanao Del Norte.

Ayala Corporation’s (Ayala) net income in the first quarter of 2014 grew by 22% to P5.5 billion. The strong growth was driven by its real estate, telecom, water and international businesses and was boosted by a P1.8 billion capital gain from the sale of Stream Global Services, Inc., one of its investee companies under its business process outsourcing unit.

Countries, like companies, compete. Nations compete for investments, trade, trade in services, and tourists.

AC Infrastructure Holdings Corporation and Aboitiz Land, Inc., members of the Team Orion (Orion) consortium that submitted the highest complying bid for the Cavite-Laguna Expressway Project, together filed with the Office of the President a Comment on the Memorandum of Appeal put forward by Optimal Infrastructure Development, Inc. (Optimal) last June 27, 2014.

At its annual stockholders’ meeting held today, Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala announced that the Ayala group plans to spend P187 billion in capital expenditures in 2014. This is a record amount of investments for the group, surpassing the previous year’s P128 billion. The bulk of this will support Ayala Land’s expansion, Globe Telecom’s on-going network improvements, and Manila Water Company’s service improvements, as well as to fund the conglomerate’s expansion in power and transport infrastructure.

April 10, 2014—Ayala Corporation (PSE:AC) (the “Company”), one of the largest conglomerates in the Philippines, announced today the pricing of the offering by AYC Finance Limited, a wholly owned and guaranteed subsidiary of Ayala Corporation, of US$300,000,000 aggregate principal amount of its 0.50% bond due 2019 (the “Bonds”) exchangeable for common shares of Ayala Land, Inc. (“Ayala Land”).

Ayala Corporation’s consolidated net income in 2013 expanded by 22 percent to P12.8 billion on the back of sustained robust performance of its real estate and banking businesses. Without the impact of the accelerated depreciation from its telecom unit’s network transformation initiative, Ayala’s core net income jumped even higher to P14.8 billion, a 28-percent improvement from a year ago.

Manila, Philippines – The AF Consortium of conglomerates Metro Pacific Investments Corporation (MPIC) and Ayala Corporation (Ayala), composed of AC Infrastructure Holdings Corporation, the infrastructure arm of Ayala, BPI Card Finance Corporation, Globe Telecom, Inc., Meralco Financial Services Corporation, MPIC and Smart Communications Inc., received by electronic mail a copy of the Notice of Award after close of business hours last 30 January 2014 from the Department of Transportation and Communications (DOTC) declaring it the winning bidder for the P1.72-billion contactless Automatic Far

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    Ms. Emily C. de Lara
    Head, Corporate Communications
    Ayala Corporation
  • (+632) 908-3456
  • (+632) 848-5764
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