COVID-19 Response

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To our employees, partners and friends,

In these most trying times, those significantly affected by the COVID-19 situation are the thousands of workers that will be affected by the enhanced community quarantine because their places of work have been closed. These include retail workers, construction workers, service providers, security agencies and employees of many similar businesses who are largely on a no-work-no-pay type of employment.

The Ayala group as a whole, has decided to adopt a COVID-19 emergency response package of P2.4B consisting of wages, bonuses, leave conversions and loan deferments primarily for the extended workforce of our partner employers so they may continue to be paid for the duration of the quarantine period. These include P600M in salary continuance for displaced workers from construction sites, shuttered malls and retail spaces of Makati Development Corporation and the Ayala Malls group. Globe Telecoms has earmarked P270M for its retail store support staff and vendor partners while all other Ayala companies will reserve another P130M in personnel-related financial support.

Furthermore, Ayala Malls will be providing a rent-free period for malls that are not allowed to operate during the community quarantine from March 16 to April 14. The total package will be worth around P1.4B in rent condonation to provide the merchants of these malls financial relief so they can in turn provide the much-needed financial support for their employees during this period.

For its own employees, Ayala will continue to provide salary continuance and financial support where possible as most of these employees will be getting their mid-year bonuses normally paid in April starting today through the end of March. Ayala has also postponed or delayed employee loan payments due to the Ayala Multi-Purpose Cooperative and have introduced special financial assistance programs at subsidized rates.

Ayala continues to ensure that those who are most directly affected by this emergency are taken care of through these financial assistance measures.

As always, stay healthy and be safe.

Jaime Augusto Zobel de Ayala and
Fernando Zobel de Ayala

Ayala Profits Up

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Ayala Land 2019 Profit Up 13% at PHP33.2 Billion
By Ben Otto

Philippine property developer Ayala Land Inc. reported 2019 net income rose 13% partly due to strong sales in office, commercial and industrial lots.

Ayala Land, a unit of Manila-based conglomerate Ayala Corp., posted net income of 33.2 billion Philippine pesos ($657.8 million) for the year, the company said in a stock-exchange filing Friday.

Revenue for the year was PHP168.8 billion, up about 2% on year, it said.

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Parklinks South Tower – 1br Options

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One-Bedroom Options in Parklinks South Tower (Pasig)
* Terms valid if unit is reserved January 2020


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For inquiries:
M: +63.917.502.9252
REBL 5279 / HLURB 000327

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Parklinks South Tower Availability

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For inquiries:
M: +63.917.502.9252
REBL 5279 / HLURB 000327

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Makati Subway News

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Ambitious Makati subway plan sees the light of day
By: Daxim L. Lucas – Reporter / @daxinqPhilippine Daily Inquirer / 03:40 AM October 16, 2019


Ambitious Makati subway plan sees the light of day

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For the most part, Makati City—the country’s premier business district—is at par with other centers of commerce and finance around the world.

It has many skyscrapers offering of grade A office space to multinational corporations, an abundance of retail establishments to satisfy all kinds of shopping needs and a multitude of food establishments catering to the dining needs of its estimated daytime population of four million workers.

But it has one key flaw: the planners of the city that rose from what was once a marshland a century ago failed to lay down the infrastructure for a mass transit system that would support the daily commute of office employees into and out of what eventually became the country’s most coveted address.

Apart from a creaky and stoppage-prone light rail system on one side and an antiquated and decrepit train line on the other, Makati commuters have to rely completely on an increasingly congested road network served by buses, jeepneys and cars—thousands of cars—resulting in daily vehicular traffic gridlocks around several key intersections, especially during the morning and evening rush hours.

That is about to change.

If plans don’t miscarry, a partnership between the Makati City government under Mayor Abby Binay and a private sector consortium led by Philippine Infradev Holdings of businessman Antonio Tiu will break ground on what will be the country’s first subway project.

“The benefits of this project will be massive,” Binay said. “It will benefit all the residents of the city, and even those who live in other parts of Metro Manila, because it will make it easier to travel within Makati and into or out of it.”

She explained that the subway project—with an estimated project cost of $3.7 billion—would also dramatically reduce vehicular traffic within the central business district when it came online in 2025.

“With a modern subway like this, you can leave your car at home or at designated parking spaces and travel to your appointments within the city by train,” she said. “It will be faster, cheaper and more convenient.”

According to the plans revealed by the consortium, the subway system will connect key points in the city such as the current central business district along Ayala Avenue, the Makati City Hall, the Poblacion heritage site, the University of Makati, Ospital ng Makati and the other new business districts within the city.

Its J-shaped 10-kilometer route will begin under the present site of the Makati Central Fire Station near the intersection of Ayala and Gil Puyat Avenues, and will end at the University of Makati at the border of Bonifacio Global City in Taguig. The original proposal called for a U-shaped route that would have started under the former Hotel Intercontinental at the corner of Ayala Avenue and Edsa, but no agreement could be reached by the project proponents with Ayala Corp. which owned the bulk of the properties along the country’s most expensive business address.

“In any case, we can add that later on if they change their minds,” Tiu said. “For now, the project that we have will be very beneficial, viable and profitable for all the stakeholders.”

The proposed dual track subway system will have up to 10 air-conditioned, underground stations that can accommodate up to six car trains, with a room for over 200 passengers per car. Over 700,000 passengers per day will be accommodated and served by the proposed mass transport system.

It will complement other mass transport systems, such as the Metro Rail Transit 3 on Edsa, the Pasig River Ferry System and the proposed Metro Manila Mega Subway.

Philippine Infradev said it planned to extend the subway out of Makati, possibly to the neighboring cities of Pasay, Pasig, San Juan, Mandaluyong or Manila.

Apart from the revenue share, the subway system is seen to improve the flood system of the participating city, given that good pumping and drainage system will be installed underground.

“At the same time, this project will also create thousands of jobs during the construction phase, as well as during the operation phase,” Tiu said, explaining that, apart from the subway’s operations, the 10 subway stations will also create a mini retail boom through the retail stores and dining establishments that will locate in the air-conditioned premises.

“It will be similar to what you can find in Hong Kong, Singapore or Tokyo,” he said.

Already, Mayor Binay is looking way beyond the subway’s completion in 2025.

“Yes, this will make this great city even greater,” she said. “But more importantly, it will also be our legacy to future generations: the country’s first subway system.”

Fingers crossed.


Ambitious Makati subway plan sees the light of day

Parklinks Model Unit Photos

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ALI Offsetting Greenhouse Gas

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ALI to offset 70% greenhouse gas by year-end
Published September 14, 2019, 10:00 PM
By Emmie V. Abadilla


The country’s top property developer, Ayala Land, Inc. (ALI), will offset 70 percent of its greenhouse gas (GHG) emissions this year-end and expects net-zero carbon emissions in its malls, offices and other commercial properties by 2022, eight years earlier than the national target date.

Corporate entities are among the world’s largest polluters, emitting greenhouse gases (carbon dioxide, methane, nitrous oxide, and ozone) that cause global temperatures to rise. Although the Philippines is not among the world’s top emitters, it is vulnerable to the effects of climate change.
Alfonso Javier D. Reyes, CEO of Direct Power Services, Inc., a wholly-owned subsidiary of ALI, said the company has been at the forefront of the country’s environmental sustainability campaign for over a decade.

The property firm has been measuring its carbon emissions since 2008 and working to minimize its footprint. Achieving “net-zero carbon” or becoming “carbon neutral” measures how successful the company is in offset its GHG emissions.

ALI follows four strategies to achieve carbon neutrality: Avoid emissions through passive cooling and sustainable architectural design; reduce fuel and energy use; shift to renewable energy (with minimal to zero emissions) and enhance carbon stock in forests via assisted natural regeneration.

While its carbon forests continue to expand in coverage, more of ALI’s commercial properties are shifting to renewable energy where available. These properties are “contestable customers” averaging at least 1,000 kilowatts per month and can opt to choose their own Retail Electricity Suppliers and energy source.

“When ALI announced its carbon neutrality goals, we began changing our energy mix, sourcing our electricity contracts from renewable energy plants and from suppliers who are able to provide us with carbon-offset certificates conforming to international standards,” explained Reyes.

“We account for the GHG emissions of our commercial properties and construction activities in our Integrated Report disclosures to help us manage our carbon footprint. The I-REC and VER certificates assure us of the integrity of the reductions and offsets,” added Anna Maria M. Gonzales, Sustainability Manager at Ayala Land.

ALI’s carbon forests are nurtured through volunteers mobilized by partner non-government organizations.

As of 2018, 42,057 new native trees have been planted, with an 80%-100% survival rate across the sites. By protecting existing trees, soil, and vegetation in the sites, ALI enhances the capacity of these forests to continue absorbing carbon dioxide from the atmosphere.

ALI’s renewable energy patronage also significantly reduced its carbon emissions. To date, ALI’s malls and offices have avoided 84,642 tons of carbon dioxide equivalent (t-CO2e) from the shift to renewable energy alone. This is equivalent to the emissions produced by 16,303 passenger vehicles driven for a year.

As of last count, UP-AyalaLand Technohub, an early adopter of renewable energy and ALI’s top consumer of electricity, avoided 15,497 tCO2e emissions in 2018 alone (equivalent to the emissions from 2,985 passenger vehicles driven for one year). Meanwhile, Ayala Malls Vertis North and Tutuban Properties Inc., also running on renewable energy, avoided a combined total of 10,168 tCO2e emissions (or the same amount of emissions from 906,115 gallons of diesel consumed).

Under the Paris Agreement, the Philippines targets to cut its overall greenhouse gas emissions by 70% by 2030. ALI’s carbon neutrality initiative and its earlier deadline of 2022 directly contributes to the national goal and the global effort to limit global warming to 1.5 degrees Celsius by 2030.


For property inquiries:

M: +63.917.502.9252
REBL 5279 / HLURB 000327

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