Ayala Corporation

Ayala Corporation
Public
Traded as PSE: AC
Founded Manila, Captaincy General of the Philippines
1834 (1834)
Founders Domingo Róxas
Antonio de Ayala
Headquarters Makati, Philippines
Key people
 Jaime Augusto Zóbel de Ayala (Chairman and CEO)
Fernando Zóbel de Ayala (President and COO)
Revenue Increase ₱237 billion (FY 2016)[1]
Increase ₱43.4 billion (FY 2016)[1]
Total assets Increase ₱911.7 billion (FY 2016)
Total equity Increase ₱370.9 billion (FY 2016)
Website ayala.com.ph

Ayala Corporation (Spanish: Corporación Ayala, formerly Ayala y Compañía) is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines by Domingo Róxas and Antonio de Ayala during the Spanish colonial rule, it is the country's oldest and largest conglomerate. The company has a portfolio of diverse business interests, including investments in retail, education, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, automotive, healthcare, and management and business process outsourcing. As of November 2015, it is the country's largest corporation in terms of assets ($48.7B).

History

The company began in 1834 with the formation of a distillery owned by Casa Róxas, a partnership between Domingo Róxas and Antonio de Ayala.[2] The distillery was the maker of Ginebra San Miguel and was later acquired by La Tondeña, Inc. in 1929.

In the late 19th century, Ayala participated in the construction of the Puente de Ayala (Ayala Bridge) over the Pasig River in Manila. Built of wood in 1872, the bridge was reconstructed in steel in 1908 and became the first steel bridge in the Philippines. In 1888, Ayala introduced the first tramcar service in the Philippines. Ayala was responsible for the development of Makati as the financial district of Manila and the Philippines after World War II.

In April 2010, FinanceAsia named Ayala Corporation as the best-managed company in the Philippines, as well as best for corporate governance and best for corporate social responsibility.[3]

In 2011, Ayala began building its renewable energy portfolio, beginning with a joint venture with Mitsubishi for solar power, the purchase of the iconic Northwind farm for wind power, and its joint venture with Sta. Clara Power for run-of-the-river hydro power. Ayala will contribute 1000 MW to the Philippine power supply, by 2015.[4] In 2015, FinanceAsia awarded Ayala Corporation as the Best Managed Company in the Philippines in the 15th annual survey of top public companies in Asia.

Attached companies and investments

Retirement of the Ayala chairman

In January 2006, the board of directors publicly announced the decision by Jaime Zóbel de Ayala to retire as chairman of the corporation by April 2006. The board also announced his appointment as chairman emeritus upon his retirement. His eldest son, Jaime Augusto Zóbel de Ayala, succeeded him as chairman and chief executive officer, while his younger son, Fernando Zóbel de Ayala, has assumed the position of president and chief operating officer. The Zóbel de Ayala family's holding company, Mermac, Inc., continues to hold the controlling stake (49%) in Ayala Corporation.[56]

Oldest business house in Philippines

In 2014, Ayala celebrated its 180th anniversary. The company is credited for having contributed to the socio-economic development of the Philippines.[57]

References

  1. 1 2 "Archived copy" (PDF). Archived from the original (PDF) on 2013-12-02. Retrieved 2012-05-10.
  2. ↑ Borja, Marciano (May 1, 2005). Basques in the Philippines. Nevada: University of Nevada Press. p. 124. ISBN 0874175909. Retrieved 6 June 2014.
  3. ↑ "Asia's best managed companies: Indonesia and the Philippines", Finance Asia
  4. ↑ "Ayala Corp Builds Renewable Energy Portfolio with Run-of-the-River Hydropower" Archived April 23, 2011, at the Wayback Machine., The Philippine Daily Inquirer
  5. ↑ "Charles H. Cosgrove J.D.: Executive Profile & Biography - Businessweek". Businessweek.com.
  6. ↑ "Philippine Ayala Corp eyes Chinese, Indian real estate markets_English_Xinhua". Xinhuanet.com.
  7. ↑ "Japan's Mitsubishi taps Ayala Land for Ortigas property venture". Interaksyon.com.
  8. ↑ "Ayala Land, Ortigas group seal P15B deal". Thedailyguardian.net. Archived from the original on 2012-07-03.
  9. ↑ "Why Ayala, Aboitiz, Sy, Tan formed 'Team Trident'". Abs-cbnnews.com. Archived from the original on 2015-02-27.
  10. ↑ Cathy Yang. "DPWH mulls bid submission extension for Laguna Lakeshore PPP". Abs-cbnnews.com.
  11. ↑ "Archived copy". Archived from the original on 2012-02-03. Retrieved 2012-05-10.
  12. ↑ "Archived copy" (PDF). Archived from the original (PDF) on 2012-08-02. Retrieved 2012-05-10.
  13. ↑ Remo, Amy R. "AC Energy of Ayala group to invest $200M in 2013". Inquirer.net.
  14. ↑ Kathleen A. Martin. "Ayala Corp. allots up to $700-M for energy projects". Abs-cbnnews.com.
  15. ↑ "Ayala to build 405-MW plant". Manilastandardtoday.com.
  16. ↑ Camus, Miguel R. "Gov't expected to award P65-B LRT project to Ayala-MPIC group next week". Inquirer.net.
  17. ↑ Agcaoili, Lawrence. "Gov't, MPIC-Ayala sign deal for MRT-LRT single ticket system". Philstar.com.
  18. ↑ "Ayala Corp. posts P7.3B net in first 9 mos., up 7%". Gmanetwork.com.
  19. ↑ OECD, Organisation for Economic Co-operation and Development (2001). Corporate Governance In Asia: A Comparative Perspective. OECD Proceedings Series. OECD Publishing. ISBN 9789264183285.
  20. ↑ "Integrated Micro-Electronics, Inc. (IMI) - IMI". Global-imi.com. Archived from the original on 2014-10-26. Retrieved 2014-10-20.
  21. ↑ Mercurio, Richmond S. "Ayala-led IMI aims for billion dollar revenues". Philstar.com.
  22. ↑ "Archived copy". Archived from the original on 2016-07-22. Retrieved 2016-07-09.
  23. ↑ "Archived copy". Archived from the original on 2011-08-30. Retrieved 2011-06-08.
  24. ↑ "Archived copy". Archived from the original on 2012-02-04. Retrieved 2012-05-11.
  25. ↑ "Honda Cars Cebu Inc". Hondacebu.com.ph. Retrieved 18 July 2018.
  26. ↑ "Archived copy". Archived from the original on 2011-05-14. Retrieved 2011-06-08.
  27. ↑ "Library unavailable - 0007". Myvirtualpaper.com.
  28. ↑ "Ayala Corporation (PSE:AC)". The Philippine Builder. Archived from the original on 2013-06-15.
  29. ↑ Liza Reyes. "Ayala group brings back VW; Beetle in 2014". Abs-cbnnews.com.
  30. ↑ Dumlao-Abadilla, Doris. "Ayala buys Silicon Valley-based solar tech firm". Business.inquirer.net. Retrieved 18 July 2018.
  31. ↑ "Ayala buys German auto parts maker MT Misslbeck Technologies". Nikkei Asian Review. Retrieved 18 July 2018.
  32. ↑ "Ayala Health". Ayalahealth.ph.
  33. ↑ "FamilyDoc". Familydoc.com.ph.
  34. ↑ "About Us - QualiMed Health Network". QualiMed Health Network. Retrieved 9 July 2016.
  35. ↑
  36. ↑ "APEC". Pearson PLC. Retrieved August 4, 2014.
  37. ↑ "Tuition in new private schools: 'P65 a day'". Rappler.com. May 16, 2014. Retrieved August 4, 2014.
  38. ↑ "PEP - Professional Employment Program". Ayalaeducation.com. Retrieved 18 July 2018.
  39. ↑
  40. ↑ "Archived copy". Archived from the original on 2012-09-08. Retrieved 2012-05-10.
  41. ↑
  42. ↑ "Archived copy". Archived from the original on 2010-11-23. Retrieved 2012-05-10.
  43. ↑ "Archived copy". Archived from the original on 2012-05-26. Retrieved 2012-05-10.
  44. ↑ INQUIRER.net. "Cultural advocate to speak at Filipinas Heritage Library's workshop". Inquirer.net.
  45. ↑ "Archived copy". Archived from the original on 2009-03-03. Retrieved 2012-05-10.
  46. ↑ "BusinessWorld - Ayala subsidiary exits BPO company". Bworldonline.com. Retrieved 18 July 2018.
  47. ↑ Pamintuan, SKETCHES By Ana Marie. "Strength in unity". Philstar.com.
  48. ↑ Miguel R. Camus. "Ayala's BPO unit expects to post profit as it expands". Abs-cbnnews.com.
  49. ↑ "${Instrument_CompanyName} ${Instrument_Ric} Key Developments". Reuters.com. Retrieved 18 July 2018.
  50. ↑ "Ayala BPO unit buys LA outsourcing firm". Yahoo.com. Archived from the original on 2012-07-19.
  51. ↑ "Ayala enters e-commerce through Zalora Philippines". Nikkei Asian Review. Retrieved 18 July 2018.
  52. ↑ "EDITORYAL - Kulang na naman ang mga classroom?". Philstar.com.
  53. ↑ "Integreon buys Grail Research; eyes more". Reuters.com.
  54. ↑ "Archived copy". Archived from the original on 2017-10-27. Retrieved 2017-10-27.
  55. ↑ "Ayala Corp.'s LiveIt and partners sell stake in Stream Global to Convergys". Gmanetwork.com. Retrieved 18 July 2018.
  56. ↑ "Zobel retires as Ayala chairman," Manila Bulletin, January, 2006 "Archived copy". Archived from the original on 2011-05-11. Retrieved 2010-09-16.
  57. ↑ "Ayala on solid ground after 175 years", Philippine Star, March 10, 2009
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