Japanese trading firm Mitsubishi Corporation has agreed to acquire an additional stake in Philippine conglomerate Ayala Corporation for approximately JPY 120 billion. The deal follows a share repurchase by Ayala through a tender offer, raising Mitsubishi’s voting interest to 20 per cent upon completion in FY2026. The expanded strategic alliance will target growth across financial services, telecommunications, retail, real estate and energy sectors in the Philippines.
Philippine property giant Megaworld is expanding its hospitality arm, aiming for nearly 12,000 hotel rooms by 2032. The rollout covers key locations such as Palawan and Ilocos Norte alongside major urban hubs. To support this growth, the firm established Megaworld Global Hotels and Resorts, splitting management into two specialised groups. The strategic restructuring follows strong financial momentum, driven by rising revenues and new regional hotel openings.
Ayala Land has increased its capital investment in the 320-hectare Lio Estate in El Nido, Palawan, to cater to growing demand for long-stay tourism and second homes. The expansion includes new transport links, a 3.7-kilometre boardwalk and a 16.3-hectare mixed-use district called Sitio Aplaya, while dedicating more than half of the coastal development to protected ecological zones.
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