wholly owned subsidiary

THE previous Due Diligencers centered on the possession profiles and compensations of the Zobel brothers. The goal is to introduce to the readers of The Manila Times the human beings at the back of the achievement and regular profitability of the Ayala conglomerates owned with the aid of the Zobel family.

Due Diligencer primarily based the two articles on to be had postings on the website of the Philippine Stock Exchange (PSE).

As for the tax payments of Jaime Augusto Miranda Zobel de Ayala and his more youthful brother Fernando Miranda Zobel de Ayala, the internet site of the Bureau of Internal Revenue is open to the public, who can be inquisitive about understanding what continues its examiners busy.

Finally, here is why Amaia Land Corp. Was within the lead paragraph of the piece on possession profiles.

Sad to nation here that the primary subject matter of this piece, Amaia Land, does now not have stocks indexed at the PSE. This being the case, Due Diligencer has not anything to expose our readers what Amaia Land does and how it contributes to the financials of the conglomerate of the Zobels.

In brief, the overall disclosure rule does now not practice to Amaia Land.

Harassment?

Due Diligencer, but, could show something more regardless of Amaia Land’s non-tradable stocks, whether commonplace or favored.

First on the time table is a poser. How in the world ought to the owners of Amaia Land tolerate their folks who are harassing the business enterprise’s customers?

Remember, the Zobel brothers were paid a blended gross compensation of P225,802,793 in 2014. Despite these can pay and perks, they failed to inform their managers and their workers that they need to treat fairly the unit buyers of Amaia’s condominium that has yet to be built at the Nuvali complicated in Santa Rosa, Laguna.

Why does Amaia Land, a wholly owned subsidiary of Ayala Land Inc., still send collection notices to apartment unit shoppers who have already paid their month-to-month amortizations? The employer, an oblique unit of Ayala Corp., has reached different international locations as well, and those customers have also complained approximately similar series notices for fully paid month-to-month amortizations.

Is this unjust treatment of condo unit buyers, and possibly also of residence-and-lot applications that Amaia sells, also going on to the opposite projects of Ayala Land?

Want proof?

I even have in my ownership evidence of ways Amaia Land has been pestering its rental unit customers with collection notices for fully paid monthly bills.

How ought to a belongings organisation be so cruel to its customers? One of the customers of Amaia Land received a letter dated March 23 for “non-fee of your February 2017 to March 2017 installments.” Upon receiving the letter, the rental unit customer rushed to the financial institution and paid what changed into due Amaia Land, most effective to realise in a while that he had made paid the identical month-to-month amortizations twice.

There turned into nothing else that the unit purchaser may want to likely do besides rate this to revel in. I become speaking here approximately the first collection observe despatched by means of Amaia to its purchaser’s office in Manila.

Then got here “insult to injury.” This unique client was amazed to look some other series notice from Amaia Land for the equal months. If this isn’t always an imposition, I don’t understand how to classify it.

What’s wrong?

What will be incorrect with Amaia Land’s postings of bills? Aren’t they into computerization but?

To be frank with the Zobels. SM Development Corp. Advanced a condo in Tagaytay City. It had not stricken to send its consumers series notices for absolutely paid month-to-month amortizations.

What does SMDC and Amaia Land have in commonplace? Of course, sales and the resulting earnings are their target, which ought to not be on the fee of paying customers.

Will the Housing and Land Use Regulatory Board (HLURB) be the right venue for chronic proceedings in opposition to belongings builders? Perhaps, it’s far.

Condominium unit shoppers will always be on the mercy of these corporations if HLURB is kept in the darkish approximately the sins dedicated against the shoppers of condos and residence-and-lot applications by using assets developers everywhere in this us of a. The hassle although is the practicality of submitting a criticism with HLURB. Will the business enterprise’s officers act on any difficulty raised by means of the buying public? Just asking.