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Ayala News

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ALI posts 18% profit growth to P13.5 B in H1
Published August 6, 2018, 10:00 PM
By James A. Loyola
NEWS SOURCE:https://business.mb.com.ph/2018/08/06/ali-posts-18-profit-growth-to-p13-5-b-in-h1/

Property giant Ayala Land, Inc. (ALI) reported an 18 percent growth in net income to P13.5 billion in the first half of 2018 from the P11.5 billion it reported in the same period last year.

In a statement, the firm said earnings growth was propelled by solid contributions from its property development and commercial leasing businesses.

ALI’s total revenues likewise climbed 25 percent from P64.5 billion to P80.4 billion as the company developed more sustainable mixed-use estates across the country.

Its performance remained robust and reflected a sustained demand for residential products.

Sales reservations reached P72.0 billion, 17 percent higher and equivalent to an average monthly take-up of P12 billion. Net booked sales registered at P50.4 billion, 25 percent higher than the previous total of P40.5 billion.

Total revenues from property development, which includes the sale of residential lots and units, office spaces, and commercial and industrial lots, amounted to P55.7 billion – 27 percent higher than the P43.7 billion in the first half of 2017.

Revenues from the residential business also grew by 32 percent to P47.7 billion from P36.2 billion, driven by new bookings and project completion across the residential brands.

Contributing to revenue growth were commercial and industrial lot sales which reached P3.9 billion, 16 percent higher than P3.3 billion in the same period last year.

This was due to the further strengthening of this segment in Arca South, Taguig, Azuela Cove in Davao, Ayala North Point in Negros Occidental, Alviera, Pampanga and Cavite Technopark in Naic.

ALI also recognized revenues of MCT Bhd, its equity investment in Malaysia, amounting to P4.0 billion in sales as it focused on the completion of its projects in Cybersouth, an integrated development in Southern Klang Valley, and its residential project, Lakefront, in Cyberjaya.

Arca South News

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Taguig transforms dumpsites into recreational site, urban farm

NEWS SOURCE: http://www.pna.gov.ph/articles/1042435

MANILA — The city government of Taguig, which is home to the Bonifacio Global City and the ARCA South business districts, has managed to turn dumpsites into lots that showcase “probinsyudad” living.

The lots, located in Barangay Lower Bicutan, were once filled with trash but have been converted into two parks – the 600-square-meter Taguig Lakefront Community (TLC) Park and the 2,500-square-meter Taguig Integrated Urban Farm.

“We’ve always wanted to stay true to our ‘probinsyudad’ principle, striking a balance between modernization and tradition, advancement and the environment, urban and rural,” Taguig Mayor Lani Cayetano said in a statement.

“It comes naturally that we convert unused, vacant or abandoned lots so that they work to the benefit of our people and our understanding of the kind of city we are,” Cayetano said.

A makeover turned a dumpsite into the TLC Park, which was inaugurated in 2014.

“We are creating a place where every visitor — regardless of their social status — can enjoy themselves, with the company of their families or friends,” said Taguig Manpower Training Center officer-in-charge Maria Anabelle “Bingle” Santos, who spearheads the management of what has been turned into a destination for many Taguigenos.

TLC Park has traditional Filipino games for youngsters, a train ride for toddlers, biking for families, film showings for the barkada, all free of charge. Hoopers could use the basketball court while students could study or practice there.

Park personnel have conducted daily afternoon classes for kids who have become regular visitors, teaching them basic literacy, good manners, and songs and dances.

A much bigger land conversion project right beside the Lakeshore Hall, is known as the Taguig Integrated Urban Farm. The farm, launched in December 2017, now marries the urban with the rural, when for years it served as a garbage dump.

The urban farm showcases various methods to do farming: vertical farming, wooden rack and pole gardening, which can be learned in a bamboo classroom dedicated to urban agriculture.

It has a coffee shop and an orchidarium surrounded by fruit-bearing trees and vegetables.

The harvest does not go to waste, according to City Agriculture Office officer-in-charge Emelita Solis.

“Our produce usually goes to the feeding programs conducted by our local government and, in some cases, to different institutions, like Bahay Pag-Asa and Bureau of Jail Management and Penology,” Solis said.

The farm exhibits sustainability, wise land use, livability and food security for Taguig residents and visitors, she added.

“We’re trying to teach people that all this is possible in the city setting. You can turn neglected spaces into places of engagement or showcases of livability. You can carve out in-city spaces so you can take people’s minds off all the hustle and bustle, and provide them a place to slow down, breathe deep and appreciate life,” said Cayetano.

TLC Park, located at 393 C-6 Road, is open from 7 a.m. to 9 p.m. everyday, except holidays, while the Taguig Integrated Urban Farm is located beside Lakeshore Hall in Barangay Lower Bicutan. (PR)

Vermosa News

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World-class Vermosa hosts track athletes

Imus, Cavite—Filipino track and field athletes now have their own state-of-the-art facilities to prepare for local and international competitions.

Ayala Land, Inc. Managing Director John Philip Orbeta (left) and Patafa president Philip Ella Juico unveil the plaque for the new home and training center of the national tracks and field athletes at the Vermosa Sports Hub in Imus, Cavite.

Ayala Corporation expanded its support of the country’s national track and field athletes by giving them the world-class Vermosa Sports Hub here as their new home.

Ayala earlier teamed up with the Philippine Athletics Track and Field Association by serving as the title sponsor of the Ayala Philippine Athletics Championships in Ilagan, Isabela.

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Makati-BGC Skytrain News

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Makati-BGC Skytrain Monorail System

– Project of Infracorp Development Inc
– Original proposal sent Oct 2017, now approved by DOTr (Dept of Transportation)
– Project Cost: PhP 3 Billion
– Makati-BGC Skytrain length is 2km
– Skytrain stations to be built near Uptown Bonifacio and Guadalupe MRT Station
– Skytrain ride frm BGC to Guadalupe MRT Station reduced to 5 mins
– Expected to service 60,000 to 100,000 commuters daily
– Could be operational as early as 2021

Metro Subway Info

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Can’t wait for the construction of the Metro Manila Subway? Here are some fast facts about the upcoming project.

Once completed, travelling from Taguig City to Vertis North will be cut down to more or less 31 minutes.

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M: +63.917.502.9252
E: coco.ayala@gmail.com
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ALI News

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Ayala Land signs deal to acquire CAT property in Tarlac
PROPERTY developer Ayala Land Inc. (ALI) on Thursday said it signed a deed of absolute sale with Central Azucarera de Tarlac Inc. (CAT) for the acquisition of several parcels of land.

The acquisition involves 290 hectares of land located in Barangay Central in Tarlac province.

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