Ayala Land
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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] On April 2015, ALI bought a minority stake in Malaysian property developer MCT Bhd. in a Template:Philippine peso (Template:US$) deal, [4] that is raised to 66.3% as of 2024.[5]
Controversies
Animal cruelty allegations
Caged eggs in Ayala Land's global supply chain
Ayala Land's hospitality arm Ayala Land Hotels and Resorts[6] which operates Raffles Makati[7] and Seda Hotels[8] as well as El Nido Resorts[9] in the Philippines, has been facing negative publicity for using of battery-cage eggs in its supply chain.[10] 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
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- ↑ Philippine Stock Exchange Listed Companies http://www.pse.com.ph/html/ListedCompanies/listedcompanyinfo.jsp?compID=180&recCtr=5&subsector=9Script error: No such module "Unsubst".
- ↑ Ayala Land 2009 Integrated Annual and Sustainability Report, pp. 208-209 Script error: No such module "citation/CS1".
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- ↑ edge.pse.com.ph/openDiscViewer.do?edge_no=30a5bbcea364884dec6e1601ccee8f59
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Ayala Land posts strong Q1 2017 profit, up 18% at 5.56B
External links
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