Press Releases

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23 Nov 2002

AYALA LAND, CAMPOS GROUP SIGN US$90-M DEAL WITH METRO PACIFIC CORPORATION

Ayala Land, Inc. (ALI) and the Campos group of United Laboratories, Inc. (Unilab) and Greenfield Development Corp. (GDC) today signed a US$90-million agreement with Metro Pacific Corp. (MPC), enabling the partners to gain control of Bonifacio Land Co.

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23 Oct 2002

CONSORTIUM TO INVEST IN CEBU WATER PROJECT

Ayala Corporation and Central Equity Ventures, Inc. signed an agreement with the Municipality of Carmen as a first step in realizing an undertaking that will increase the water supply of Metro Cebu Water District (MCWD) by 35 percent.

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21 Oct 2002

AYALA LAND RECEIVES NOTICE OF AWARD FOR 8.5 HECTARE FORT BONIFACIO LOT

The Bases Conversion Development Authority (BCDA) has issued Ayala Land a Notice of Award to cover Lot B,an 8.5 hectare lot which BCDA had bid out initially in 2000 for disposition, among other lots, under its Asset Disposition Program Phase I.

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16 Oct 2002

AYALA ELECTRONICS SUBSIDIARIES MERGE TO ENHANCE COMPETITIVENESS

Integrated Microelectronics, Inc. (IMI), Ayala Corporation's electronics flagship company, recently announced that it would merge its subsidiary, Electronic Assemblies Inc. (EAI), into IMI effective January 1, 2003 to be more globally competitive.

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15 Oct 2002

DANGEROUS MARKETS CITES AYALA MANAGEMENT IN FINANCIAL CRISIS

Dominic Barton, co-author of Dangerous Markets: Managing in Financial Crises and director and managing partner of McKinsey & Company, said that financial crises are not as unpredictable as believed to be and chief executives must be constantly aware of such threats.

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