Ayala Land bests global competition, tops 2021 International Business Awards

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SOURCE:

https://businessmirror.com.ph/2021/08/22/ayala-land-bests-global-competition-tops-2021-international-business-awards/

Ayala Land, Inc. (ALI) bested companies from around the globe as it received the most number of Stevie Award wins at The 18th Annual International Business Awards. The Stevie Award is a premier business award program that recognizes the achievements and positive contributions of organizations and working professionals worldwide.

ALI was the overall winner this year, taking home 36 Stevie Awards in total, 11 of which were Gold, 6 Silvers, and 19 Bronzes.

More than 3,700 nominations were submitted this year by organizations of various sizes and industries, and coming from 63 nations and territories around the world. Stevie Award winners were determined by the average scores of more than 260 executives worldwide who participated in the judging process from June through early August.

“Most especially in these difficult times, when all sectors of society are enduring the challenges of the global pandemic, we continue to strive for excellence within our organization in order to serve our stakeholders and the communities in the best and most effective way possible. It is our goal to drive recovery by intensifying our community engagement efforts,” said Manny A. Blas, ALI Vice President.

Among Ayala Land’s Gold Stevie Award-winning programs were its ‘Zero Waste’ Circular Waste Management Program. This unique circular economy model established a process in which waste materials such as plastics were given alternative destinations for recycling and reprocessing.

ALI’s pioneering Real Estate Investment Trust (REIT) in the Philippines, AREIT Inc., also won a Gold Stevie as Real Estate Company of the Year. Its landmark Initial Public Offering in 2020 was designed to make the Philippine property market more inclusive and accessible to Filipino investors through a best-in-class REIT.

Makati Development Corporation, the construction arm of Ayala Land, was another Gold Stevie awardee as Materials and Construction Company of the Year. It has been cited for its contributions to the creation of local employment, as well as for the various process improvements and technological innovations it has implemented company-wide. Key subsidiaries AyalaLand Logistics Holdings Corp. and Ayala Land Offices Inc. also won Gold Stevies for industry contributions and organization achievements.

The rest of Ayala Land’s awards are driven by employee, community, and nation-building initiatives.

“What we’ve seen in this year’s IBA nominations is that organizations around the world, in every sector, have continued to innovate and succeed, despite the setbacks, obstacles, and tragedies of the ongoing COVID-19 pandemic,” said Stevie Awards president Maggie Gallagher. “All of this year’s Stevie Award winners are to be applauded for their persistence and their resilience. We look forward to celebrating their achievements with them during our 8 December virtual awards ceremony.”

Ayala Land H1 profits up, but malls, hotels have yet to recover

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Ayala Land H1 profits up, but malls, hotels have yet to recover
Ramon Royandoyan (Philstar.com) – August 3, 2021 – 6:37pm

MANILA, Philippines — Ayala Land Inc. delivered a strong first-half performance this year, but its hotels, malls and resorts continued to grapple with extended pandemic restrictions.

In a disclosure to the stock exchange on Tuesday, the Ayala family’s property unit reported a net income of P6 billion from January to June, up 34% year-on-year. Six-month consolidated revenues, meanwhile, grew 19% on-year to P49 billion.

“Improvement in our performance in the first half of the year was driven primarily by our property development business, with residential demand showing resilience and construction progress driving revenue recognition,” Vincent Dy, company president and chief executive, said.

READ MORE:

https://www.philstar.com/business/2021/08/03/2117322/ayala-land-h1-profits-up-malls-hotels-have-yet-recover