Mariana Zobel scoops up P10M Ayala Land shares

The daughter of bilyonaryo Jaime Augusto Zobel de Ayala is building up her holdings in the family’s property development firm.

Mariana Zobel de Ayala bought a total of 385,000 shares of Ayala Land Inc. at a price range of P26.40 and P26.45 on May 22. ALI is currently trading 21 percent down from its 52-week high of P33.45 in January 2023.

The ALI director, who is married to Aboitiz Power chief commercial and stakeholder engagement officer (CCSEO) Danel Aboitiz, only had one share before this purchase. The shares are under an “immediate family member” of Mariana.

Inflation eases to 6.1% in May

The country’s inflation rate eased to 6.1 percent in May, the lowest year-on-year figure recorded since July 2022, according to a report released by the Philippine Statistics Authority (PSA).

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