Ayala Land

Last updated

Ayala Land Inc.
Company typePublic company
PSE:  ALI
FoundedSeptember 14, 1988;36 years ago (1988-09-14) in Manila, Philippines
Headquarters Makati, Philippines
Area served
 Philippines
Key people
 Fernando Zobel de Ayala
(Chairman)
Anna Ma. Margarita B. Dy
(President)
RevenueDecrease2.svg ₱96.27 billion(FY 2020)
Decrease2.svg ₱8.73 billion (FY 2020)
Total assets Increase2.svg ₱721.49 billion (FY 2020)
Parent Ayala Corporation
Website ayalaland.com.ph

Ayala Land, Inc. (ALI) is a full line real estate firm based in the Philippines. It is a subsidiary of Ayala Corporation. It began as a division of Ayala Corporation until it was spun off and incorporated in 1988. It became publicly listed in the Philippine Stock Exchange (PSE: ALI) in July 1991. Its core businesses are in strategic landbank management, residential development, retail shopping centers, corporate businesses, and hotels & resorts. Support businesses are in construction and property management. ALI also derives other income from its investment activities and sale of non-core assets. [1] [2] [3] Last April 2015, ALI bought a minority stake in Malaysian property developer MCT Bhd. in a ₱1.9-billion ( US$43-million) deal. [4]

Contents

Controversies

Animal cruelty allegations

Caged eggs in Ayala Land's global supply chain

Ayala Land's hospitality arm Ayala Land Hotels and Resorts [5] which operates Raffles Makati [6] and Seda Hotels [7] as well as El Nido Resorts [8] in the Philippines, has been facing negative publicity for using of battery-cage eggs in its supply chain. [9] Due to the cruel conditions on those farms, as well as the health risks associated with eggs produced in battery cages, the European Union Council Directive 1999/74/EC banned caged farms back in 2012.

References

  1. ↑ Dumlao-Abadilla, Doris. "Ayala Land nets P6.52B" . Retrieved November 28, 2018.
  2. ↑ Philippine Stock Exchange Listed Companies http://www.pse.com.ph/html/ListedCompanies/listedcompanyinfo.jsp?compID=180&recCtr=5&subsector=9%5B‍%5D
  3. ↑ Ayala Land 2009 Integrated Annual and Sustainability Report, pp. 208-209 "Ayala Land Inc. » Financial_and_Operating_Highlights » Annual_Reports". Archived from the original on March 26, 2010. Retrieved September 29, 2010.
  4. ↑ "BusinessWorld | Ayala Land buys into MCT Bhd. in first foray into Malaysia". www.bworldonline.com. Retrieved June 1, 2015.
  5. ↑ "Hotels and Resorts in the Philippines | Ayala Land, Inc". Ayalaland.com.ph. Retrieved August 16, 2023.
  6. ↑ "Raffles Makati Webpage". Raffles Makati. August 16, 2023. Retrieved August 16, 2023.
  7. ↑ "Seda Hotels Webpage". Seda Hotels. August 16, 2023. Archived from the original on December 27, 2012. Retrieved August 16, 2023. Alt URL
  8. ↑ "El Nido Resorts Webpage". El Nido Resorts. August 16, 2023. Retrieved August 16, 2023.
  9. ↑ Baldueza, Jallison (July 13, 2023). "From Cages to Compassion: New Industry Report Finds Over 75% of Hotel Groups in the Philippines Has Committed to Source Only Cage-Free Eggs". MegaBites. Retrieved August 16, 2023.

Ayala Land posts strong Q1 2017 profit, up 18% at 5.56B

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