IMI Considering IPO

Integrated Micro-Electronics Inc. (PSE: IMI) of Ayala Corp. (PSE: AC) is warming up to a potential initial public offering (IPO) to comply with the requirement of the local bourse where it listed by way of introduction four years ago. IMI also expected to exceed the strong results it chalked up in 2013, during which the company nearly doubled […]
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AF Consortium Gets PhP1.72B AFCS Project

Manila—(PHStocks)—The AF Consortium of conglomerates Metro Pacific Investments Corp. (PSE: MPI) and Ayala Corp. (PSE: AC), composed of AC Infrastructure Holdings Corporation, the infrastructure arm of Ayala, BPI Card Finance Corporation, Globe Telecom Inc. (PSE: GLO), Meralco Financial Services Corporation, MPIC and Smart Communications Inc., received by electronic mail a copy of the Notice of Award […]
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Ayala, Aboitize to Start 15-ha City Center in Cebu

The Ayala and Aboitiz groups have signed a deal to develop a 15-hectare city center in Subangdaku, Mandaue City in Metropolitan Cebu, solidifying their partnership in the property business. Targeted for launching by 2015, the new city center, which is within the vicinity of Cebu’s main business district, will feature innovative residential developments and commercial […]
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Convergys Acquires Stream for PhP36B

Manila—(PHStocks)—Ayala Corp. (PSE: AC) announced that its BPO investment arm, Livelt, has agreed to the combination of Stream Global Services Inc., which is 29% own by Livelt, and Convergys Corp., creating the second largest customer management services provider in the world. Once the transaction is complete, Convergys expects to have combined revenues of over $3 […]
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Ayala Subsidiary Bidding for Cavite-Laguna Expressway Project

Makati—(PHStocks)—AC Infrastructure Holdings Corp. (ACIHC), a wholly owned subsidiary of Ayala Corp. (PSE: AC), has submitted prequalification documents on 23 October to the Department of Public Works and Highways (DPWH) for the bidding of the Cavite-Laguna Expressway project. ACIHC is participating under a consortium which includes Aboitiz Land Inc. and Macquarie Infrastructure Holdings (Philippines). Related Articles:Ayala […]
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Ayala 1Q13 Net Income Up 29% to Php4.5B

Makati—(PHStocks)—Ayala Corporation’s earnings in the first quarter of the year reached P4.5 billion, 29% higher than net income in the first quarter of last year. Core net income, which excludes the impact of Globe Telecom’s accelerated depreciation, grew even higher to P5.2 billion, a 49% increase year on year. The strong earnings momentum was driven […]
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PH Stocks Start Recovery as Investors Hunt for Bargains

Manila—(PHStocks)—Philippine stocks overcame what initially seemed to be another weak trading during the morning session. Trading recovered late in the afternoon session as investors hunted for bargains from three straight days of decline. The Philippine Stock Exchange (PSE) index went up by 0.22% to 7,113.22 at the close of trading Tuesday, 28 May. Except for […]
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PH Stocks Near Record High

Manila—(PHStocks)—Philippine stocks continued their climb Wednesday, 22 May, as investors continue to remain bullish in the country’s economic outlook. The benchmark Philippine Stock Exchange (PSE) index went up by 0.78% or 57.49 points to close today’s trading at 7,385.07 – less than 10 points away from its record high 7,392.2. All counters are back in […]
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