Ayala Land Explained

Ayala Land Inc.
Type:Public company
Foundation: in Manila, Philippines
Location:Makati, Philippines
Area Served:Philippines
Key People:Fernando Zobel de Ayala
(Chairman)
Anna Ma. Margarita B. Dy
(President)
Revenue: (FY 2020)
Assets: ₱721.49 billion (FY 2020)
Net Income: ₱8.73 billion (FY 2020)
Parent:Ayala Corporation

Ayala Land, Inc. (ALI) is a 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 deal.[4]

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

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

External links

Notes and References

  1. News: Ayala Land nets P6.52B. Dumlao-Abadilla. Doris. November 28, 2018.
  2. Philippine Stock Exchange Listed Companies http://www.pse.com.ph/html/ListedCompanies/listedcompanyinfo.jsp?compID=180&recCtr=5&subsector=9
  3. Ayala Land 2009 Integrated Annual and Sustainability Report, pp. 208-209 Web site: Ayala Land Inc. » Financial_and_Operating_Highlights » Annual_Reports . September 29, 2010 . dead . https://web.archive.org/web/20100326173653/http://ir.ayalaland.com.ph/Financial_and_Operating_Highlights/Annual_Reports/default.aspx . March 26, 2010 .
  4. Web site: BusinessWorld Ayala Land buys into MCT Bhd. in first foray into Malaysia. www.bworldonline.com. June 1, 2015.
  5. Web site: Hotels and Resorts in the Philippines Ayala Land, Inc. . August 16, 2023 . Ayalaland.com.ph .
  6. Web site: August 16, 2023 . Raffles Makati Webpage . August 16, 2023 . Raffles Makati.
  7. Web site: August 16, 2023 . Seda Hotels Webpage . live . https://web.archive.org/web/20121227121244/http://www.sedahotels.com/ . 2012-12-27 . August 16, 2023 . Seda Hotels. Alt URL
  8. Web site: August 16, 2023 . El Nido Resorts Webpage . August 16, 2023 . El Nido Resorts.
  9. Web site: 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 . August 16, 2023 . MegaBites .