trending Market Intelligence /marketintelligence/en/news-insights/trending/sbld3bnswrthkwjbs6egug2 content esgSubNav
In This List

Ayala Land to pick up land plot in San Miguel, Philippines

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Ayala Land to pick up land plot in San Miguel, Philippines

Ayala Land Inc. plans to purchase 290 hectares of land in San Miguel, Tarlac City, in the Philippines.

The Philippine Competition Commission has given the go-ahead for the property developer to acquire the land from sugar producer Central Azucarera de Tarlac, after having concluded the purchase will not lead to a significant decrease in competition in their sectors.

Ayala affirmed local media reports that revealed the planned buy, but neither the developer nor the press reports revealed the transaction amount. A March 9 report by The Philippine Star noted that the competition commission had on March 5 increased the threshold of deals to be reviewed for possible threats to market competition to 2 billion Philippine pesos from 1 billion pesos.

As of March 9, US$1 was equivalent to 51.99 Philippine pesos.