IMI lists on PSE by way of introduction

Transcription

The official publication of the Ayala group of companies Volume 14, Number 1, January-February 2010
inside
2 Bigger, faster network for Globe subscribers
3 Ayala employees plant 3,000 trees in Nuvali
7 12th AYLC inspires youth to become agents of change
11 Ayala companies shine in local, international awards
19 Harana and Tea livens up Ayala Triangle Gardens
IMI lists on PSE by way of introduction
Integrated Microelectronics
Inc. (IMI), a leading electronicsmanufacturing services (EMS)
provider to the world’s key
original-equipment manufacturers
(OEMs), listed its shares on the
Philippine Stock Exchange (PSE)
by way of introduction on January
21. IMI was the first company to
join the stock exchange this year.
IMI chairman Jaime Augusto Zobel de Ayala and president Arthur Tan lead
the ceremonial ringing of the bell at the Philippine Stock Exchange, together
with (from left)SEC chair Fe Barin, PSE chair Hans Sicat, IMI board director
Diosdado Banatao (partly hidden), and PSE board director Vivian Yuchengco
In a short program held during the formal
listing, Jaime Augusto Zobel de Ayala,
Ayala Corporation and IMI chairman,
said: “IMI is an integral part of Ayala. We
take pride in its accomplishments as it
has certainly come a long way. IMI has
grown and evolved into a complete, endto-end electronics-manufacturing services
provider with a truly global presence and
a worldwide manufacturing and supply
chain management network.”
Meanwhile, Arthur Tan, IMI president and
chief executive officer, said that going
public is the company’s way to let people
know more about IMI. “They will know of
how a Filipino technology firm has made
it in the global arena.”
Unlike an initial public offering (IPO),
listing by way of introduction (LBWI)
does not aim to raise capital. Instead, it
allows existing individual shareholders
to trade the stock. In the case of IMI,
only secondary shares held by individual
shareholders and employees are
available for trading. The company will
not issue new shares to the public until it
launches an IPO, which, according to the
PSE, should be done within a year.
Established in 1980, IMI offers business
solutions including design and product
development, as well as manufacturing
and postmanufacturing services, for
OEMs in the computing, communications,
continued on p. 8
Ayala 2009 net income
reaches P8.2 billion
JZA designs Cory Swatch
Ayala Corporation’s 2009 unaudited net income
reached P8.2 billion, at par with 2008 earnings with
substantially lower capital gains from share sales
in 2009. Excluding capital gains, net income grew
by 34 percent. The growth was driven by the strong
performance of its major business units, even amidst
a sluggish economic environment. Ayala’s total equity
share in the earnings of its business units rose by 18
percent to P9.2 billion.
Fernando Zobel de Ayala, Ayala Corporation president
and chief operating officer, said: “Our efforts the past
few years to strengthen our balance sheet prepared
us well for the economic downturn. Our healthy cash
position and comfortable gearing kept fundamentals
intact across the group. This position of financial
strength amidst a challenging environment kept our focus on strengthening each of our business units,
enhancing our current portfolio, and seeking opportunities for future growth.”
The conglomerate’s stable performance was seen across the subsidiaries. Ayala Land Inc. (ALI) posted
P4 billion in net income in 2009, 16 percent lower than prior year which included gains from a lot sale.
Excluding the impact of the lot sale, net income was down only by 2 percent. The recovery in the
residential sector was reaffirmed by two very successful residential project launches in January 2010.
continued on p. 6
JZA shows off the Cory Aquino Swatch he designed
On display are two watches, in yellow and black,
adorned with illustrations of yellow ribbons and the
faces of two icons of Philippine democracy. One
watch bears the yellow sun of the Philippine flag;
the other carries a plain yellow face, with steel dial
frames. Two words are emblazoned on the straps:
“Ipagpapatuloy Ko!”
continued on p. 4
Bigger, faster network
for Globe subscribers
A stronger network awaits
Globe and Touch Mobile
subscribers this year as
Globe Telecom continues to
strenghten its infrastructure to
provide better services.
One of Globe’s major moves to make
its network faster and more reliable
is to invest $60 million in the recently
established Southeast Asia Japan
Cable (SJC) system, an international
submarine cable system that delivers
faster broadband transmission. SJC
ensures stable Internet and data and web
applications connectivity, even when a
fiber is cut as a result of a natural disaster
or man-made intervention.
The SJC system’s data capacity is 40
gigabytes per second (Gbps), which can
easily cover the demands of business
process outsourcing clients, other
corporate customers, and consumers.
The upgraded bandwidth, coupled
with dramatically lower unit costs,
ensures greater stability in Internet
services and connectivity. Prior to the
SJC system activation, Globe had a
data capacity of 21Gbps.
Globe will also add 1,000 more cell
sites each for its 3G mobile phone
and Worldwide Interoperability for
Microwave Access (WiMAX) services.
This plan is expected to strengthen
Globe’s 3,000 3G and 900 WiMax sites,
as well as over 6,000 regular cell sites
all over the country.
WiMAX will be introduced first in urban
areas, where there is higher demand for
Internet connectivity. The 3G network,
which is being used not only to make
phone calls and to send text messages,
but also to send data, will be available in
urban and rural areas.
Globe is the first company in the
Philippines to deploy broadband WiMAX,
which is now considered the biggest
2.5Ghz (802.16e) broadband network
in Southeast Asia. WiMAX enables the
deployment of wireless broadband
access as a cost-efficient alternative to
cable and digital subscriber line (DSL).
It has also improved transmission reach
and can bridge distances greater than
other wireless technologies.
Globe WiMAX is available in Batangas,
Cavite, Laguna, Quezon, Cebu, Bohol,
Leyte, Negros Occidental, Capiz, Iloilo,
Negros Oriental, Misamis Oriental,
Agusan del Norte, Agusan del Sur,
Surigao del Norte, Misamis Occidental,
Bukidnon, Lanao del Norte, Zamboanga
del Sur, Davao del Sur, Davao del Norte,
South Cotabato, and North Cotabato.
In Metro Manila and Rizal, WiMAX
is available in Caloocan, Pasig,
Quezon City, Valenzuela, San Juan,
Malabon, Antipolo, Cainta, San
Mateo, Taytay, Montalban, Angono,
Binagonan, Baras, Las Piñas, Makati,
Mandaluyong, Muntinlupa, Pasay,
Manila, and Parañaque.
Globe also provides WiMAX-powered
Internet connectivity in Bulacan,
Pampanga, Tarlac, and Nueva Ecija, and
will soon expand its reach to North and
Central Luzon.
Amaia Land
targets economic
housing market
Ayala Land Inc. (ALI) secured
in January the approval of
the Securities and Exchange
Commission to change the name
of its subsidiary First Communities
Realty Inc. into Amaia Land.
Targeting the economic housing segment,
Amaia Land will initially be a sub-brand of Avida
Land, ALI’s affordable housing unit, before it
becomes a wholly owned ALI subsidiary.
Amaia Land will have an initial capitalization of
P1 billion, which will be used to fund six new
projects in select industrialized provincial
areas in Central and Southern Luzon in the
next three years.
One of its first projects is the development of a
20-hectare property in San Pedro, Laguna. To
be launched within the first quarter of the year,
the development will offer as many as 20,000
residential units.
Ayala Land launches Santierra, Park Terraces, and Abreeza
the stores and services present at the
Ayala Center Makati. Ayala Land
Premier’s Park
Terraces will
become one of
the key features
of the Ayala
Center Makati
redevelopment
Ayala Land Inc. (ALI) welcomed
2010 by introducing three new
developments in different parts
of the country—Santierra, a highend residential project in Nuvali,
between Calamba and Santa Rosa,
Laguna; Park Terraces, a prime
residential community inside the
Ayala Center Makati; and Abreeza
Mall, a new shopping center in
Cagayan de Oro City.
Launched in early January, Santierra
posted record sales of over P1 billion
on its first selling day. To date, this is
ALI’s highest launch-day sales for a
residential project.
ALI sold 108 of the 125 lots in
Santierra’s first phase a day after the
lots had been offered to the public.
“This is higher than our previous
record, which was held by Abrio,
also in Nuvali,” said ALI president
Antonino Aquino. “Demand has been
very strong.”
In February, ALI announced that
it had entered into a joint-venture
agreement with Anflo Management
and Investment Corp. to build
Abreeza Mall in a 3.2-hectare property
in Cagayan de Oro City.
FZA (second from left) and ALI president Antonino Aquino (fourth from left) with key ALI officials
during the launch of Park Terraces
Santierra, which covers 77 hectares,
is ALI’s third high-end residential
project in Nuvali, after Abrio and
Montecito. With lot sizes ranging from
600 to 1,200 square meters, Santierra
is located beside the planned central
commercial and business district
inside Nuvali.
The master-planned community
promises to integrate modern
features and amenities with the
natural features of the land. As much
as 30 percent of the development will
be devoted to open spaces, including
a contiguous five-kilometer park—the
longest in any Ayala Land Premier
development. Aside from treelined streets and beautiful scenery,
Santierra will also be conveniently
located near schools and commercial
and business centers. Meanwhile, Park Terraces promises
to be a key feature of the Ayala Center
Makati redevelopment plan. Also formally
introduced to the public in January, Park
Terraces is Ayala Land Premier’s first
sustainable vertical community, anchored
on globally benchmarked building
principles and setting the bar for premium
developments all over the country.
With a gross leasable area of
40,000 square meters, Abreeza
Mall is set to become a major
commercial and transport hub in
the fast-growing Mindanao city.
Initial investment for the joint
venture is estimated at P2.5 billion.
ALI and Anflo also plan to develop
a boutique hotel and an office
building for the business process
outsourcing industry.
The formal launch was attended
by members of the business press
and ALI executives, led by chairman
Fernando Zobel de Ayala, president
Antonino Aquino, chief marketing and
sales officer Rex Mendoza, and Ayala
Land Premier head Bobby Dy.
The three-tower Park Terraces
presents a balanced mix of welldesigned living spaces and premium
business and leisure establishments,
as well as world-class concierge
services. The ground level of the
development will be occupied by
cafés, restaurants, and wellness
outlets, and will have easy access to
Site plan for Santierra, a high-end residential
project within Nuvali
News
Ayala employees plant 3,000 trees in Nuvali
Six hundred volunteers from the Ayala group of companies gathered
at the 1,700-hectare Nuvali in Laguna last January 22 to plant 3,000
tree seedlings. The event marked several firsts—it was Ayala’s
first environmental activity for the year, the first corporate treeplanting event in Nuvali, and the first project for Engage Ayala, the
conglomerate-wide employee volunteer program of the Ayala group.
Each participating employee from
Ayala Corporation, Ayala Land Inc.
(ALI), Globe Telecom, Bank of the
Philippine Islands (BPI), Integrated
Microelectronics Inc. (IMI), Ayala
Automotive, Ayala Foundation Inc., and
Manila Water Company planted three to
five saplings during the event.
“This is a great opportunity for Ayala
companies to follow through on our
commitment to improve the lives of
more people,” said ALI president
Antonino Aquino. “We have to continue
to be proactive in initiating these
activities, so that more people will be
involved in protecting the environment.”
Ten different species of trees were
planted in the area: molave, kalumpit,
pagsahingin, igyo, kusebeng, Palawan
cherry, mango, Palo Maria, harpullia,
and balitbitan. These species are best
suited for the climate in Laguna and are
ideal for urban forestry. Ayala hopes that
these trees will eventually encourage
animal species, particularly birds, to
live in Nuvali. At present, Nuvali is
frequented by bird watchers because of
the 65 different avian species observed
in the area.
The tree-planting activity came at
the heels of the first Ayala Group
Sustainability Summit in November
2009, where the triple-bottom-line
approach to sustainability had been
underscored. This approach is giving
Ayala companies stronger resolve to
harmonize their activities and goals in
three major areas in sustainability—
social development, environmental
protection, and economic growth.
Ayala officials participate in Ayala’s first group-wide tree-planting activity in Nuvali. From
left are Ben Chng, CY Shong, Ned Goseco, Toti Barcelon, Sherisa Nuesa, JP Orbeta,
Ruel Maranan, Frank Beaumont, and Antonino Aquino
Nuvali aims to grow a total of 200,000
trees along a 17-kilometer stretch of
open space within the property.
Officials from Manila Water
led by Ruel Maranan pose
with the company’s mascot,
Pat Tubig
Representatives
from Globe led by
Ned Goseco
ALI president
Tony Aquino
Ayala’s Elis Tanlapco and JP Orbeta
ALI volunteers
IMI’s Ben Chng
Ayala Land Premier’s Bobby Dy and Raul Irlanda
Ayala group volunteers
JZA designs Cory swatch
continued from p. 1
Designed by Ayala Corporation chairman
emeritus Jaime Zobel de Ayala, these
special, limited-edition timepieces do not only
commemorate the death of President Corazon
Aquino, they also symbolize a commitment
to live up to the ideals set by an important
modern heroine.
“We must all remember not to forget,” said
JZA, during the launch of the Cory Aquino
Swatch at the Ayala Museum, held on the
eve of what would have been the former
President’s 77th birthday, January 25. “Today,
in a small but important Swatch watch, Cory
comes alive again.”
The launch of the Cory Swatch gathered
members of the Aquino family, as well as
friends and supporters from business,
government, and civil society. A highlight
of the program was the unveiling of a 24foot replica of the Cory Swatch at the Ayala
Museum plaza.
In an earlier interview, JZA said that his
friendship with President Aquino and her
family had begun in the late 1970s, when he
and his wife Bea visited Sen. Benigno “Ninoy”
Aquino Jr. in Boston. It was a turbulent period,
politically and economically. Driven by a
shared desire to see the recovery of the
country, the friendship between the Zobels and
the Aquinos flourished.
Said Ballsy Aquino-Cruz, President Aquino’s
eldest daughter: “They (Zobels) were among
the few people who openly supported Mom and
her fight for democracy and decent governance,
even when it was not yet safe or fashionable to
do so.”
The Cory Swatches come with a book entitled A
Woman Dressed in Sunshine, written by former
press secretary Teodoro Locsin Jr. and featuring
photos of Cory, Ninoy, and the rest of the Aquino
family. The brief and poignant letter JZA wrote to
honor President Aquino’s passing is printed on
the back cover.
Ballsy Aquino-Cruz speaks on behalf of her family,
including (in the background) Sen. Benigno Aquino III,
Viel Aquino-Dee, and Pinky Aquino-Abellada
Since the launch, all 801 sets (the number stands
for August 1, the date of President Aquino’s death)
of the watch have been sold out. Proceeds will go
to the Benigno Aquino Jr. Foundation.
The Cory Swatch marks the second
collaboration between Swatch and JZA, who
designed the commemorative Philippine
Centennial Swatch launched in 1998. JZA is
also the first Filipino to design a timepiece for
the Switzerland-based watchmaker.
Photos of the young Cory and Ninoy Aquino are shown as
Martin Nievera sings You Are the Sunshine of My Life and a
song he wrote as a tribute to the former President
JZA with Gift Gate president Virgie Ramos,
Martin Nievera, first “Swatch girl” Mikee
Cojuangco, and Rowell Santiago
Thumbs up from JZA (with daughter Bea Zobel Jr.)
following the unveiling of the Cory Aquino Swatch
JZA with Pinky Aquino-Abellada and Manuel Abellada
Lea Salonga rendering a heartfelt Bayan Ko
Ballsy Aquino-Cruz and JZA sign copies of the book, which
contains the limited-edition Swatches
JZA with Navy Captain Rowan Rimas, a fellow
awardee during the 74th anniversary of the
Armed Forces of the Philippines. JZA was
conferred the Grand Commander Award
and Philippine Legion of Honor, while Rimas
received the Distinguished Conduct Star
JZA with Noynoy Aquino (seventh from left), Virgie Ramos
(eighth from left) and guests from Ayala and Ayala Foundation
News
Bea Zobel; Ambassador to the Vatican Mercedes Tuason; Brother
Bernie Oca, FSC, De La Salle University Vice Chancellor; and JZA
The book which comes with the commemorative Cory Swatch
JZA tells the story behind the creation of the Cory
Swatch, which began with a letter he wrote to Cory
on her passing
Remembering the “Woman Dressed in Sunshine”
An interview with Ayala chairman emeritus Jaime Zobel de Ayala
When and how did you first meet Cory?
JZA: Bea and I were in Boston, Massachusetts, where
I was attending a college reunion at Harvard. Ninoy
was in Boston recovering from his heart condition
and we went to visit him. This was the first time ever
that Bea and I met Cory. Ninoy was concerned about
his asthenia (weakness or lack of strength), and we
discussed his operation, etc. Cory was very much
in the background but Bea and I liked Cory from the
very start.
What were her traits that struck you most?
JZA: I have a written personal note that comes with
the commemorative Swatch watch where I have said
it all. I would say the traits I admired most in Cory
were her sincerity, her humility, and her steadfast
inner strength deeply rooted in her faith in God and
her religion.
What were the memorable moments you shared
with her?
JZA: Here I must mention Bea more than me, as she
accompanied Cory in many of her campaigns, one
of which was in Calatagan, Batangas, where our
family has been for generations. Historically, Bea
was with Cory in Cebu, when Cory was asked to
come back to Manila. We arranged for a safe house
in Makati where she could stay. It was the peak of
the revolution and we lived through those incredibly
intense historical moments.
Were you remembering these moments when you
designed the watches?
JZA: Obviously, yes. The very sad news of the
demise of Cory came to us when we were in
Europe on holiday. I was told that Kris Aquino had
commissioned Virgie Ramos (president of Gift
Gate, the exclusive local distributor of Swatch) to
do a “Cory watch,” which was to be given to the
friends of Cory after the novena masses, and Virgie
thought of me, since we had worked together on
the Centennial Swatch.
How was she able to convince you to design these
tribute watches?
JZA: When Virgie called me, I thought it was
tantamount to impossible for me to design a watch
that could fully convey the historic and symbolic
meaning behind Cory. I had to think it over for one
whole day and suddenly I realized the significance
of the task. In this very simple way I could make
a small contribution to honor the memory of our
beloved Cory. The first thing that I did on the request
of Virgie was to get a piece of paper and pour out
my feelings in a brief letter, which was dated August
2009, and which you can read on the back cover of
A Woman Dressed in Sunshine, which comes with
the commemorative watch.
From a purely personal point of view, I would like
to tell you what Cory’s leadership meant to me.
When she assumed the presidency of the country,
I, too, had just assumed the presidency of Ayala
Corporation, succeeding my cousin, Enrique. For
me it was a huge task because the country was
economically broke, but not in spirit. All Ayala
executives, as well as the whole country, save a few,
were just too willing to hold hands and give Cory
a chance for greatness. It was the first time in my
professional life that I witnessed such a golden era!
Can you explain what you wanted to convey
through your design?
JZA: I personally wanted a Swatch that was more
symbolic in design, without having to do the obvious
which was, of course, to put Cory’s face on the
sphere of the watch. It was then that we decided that
this sphere ought to have the Philippine sun, which
appears in our national flag, and which undoubtedly
also stood as a symbol for Cory. Then we decided
to concentrate on the band and the first thing that
came to mind were the yellow ribbons which have
meant so much in Cory’s life. There have been many
persons who have contributed to this design.
What can you say about her leadership and her
place in the country’s history?
JZA: Cory made history in the Philippines. “People
Power Revolution” is a phrase coined for Cory, and
the world took notice! She led us all by example
through her simplicity as a person, and through her
resilience to lead in spite of some strong political
pressures created by a selfish few that surrounded
her. Let us not forget that she withstood seven coup
attempts in her political career.
One of the first photos of Cory Aquino when she became
President in 1986 was taken by JZA
Actis invests
$50 million
in Integreon
Integreon, a global leader in knowledge and
legal process outsourcing, entered into a
strategic partnership with Actis, an emerging
markets private equity specialist. Actis
invested $50 million to acquire a substantial
minority stake in Integreon. Ayala Corporation,
which initially invested in Integreon in 2006
through its business process outsourcing
(BPO) arm LiveIt Solutions, continues to hold
the majority stake.
Globe launches
Blackberry Bold 9700
Globe Telecom recently introduced the Blackberry Bold 9700, one of the
most sophisticated phones available in the market today.
In an exclusive launch held in February, Globe gathered Blackberry fans for a night of
music and partying. Aside from highlighting the key features of the Blackberry Bold
9700, which some leading technology writers and bloggers call the “best Blackberry
ever,” Globe gave out prizes to special guests at the event. In cooperation with Ford
Group Philippines, Globe treated a special guest to an overnight stay at the Discovery Suites Tagaytay, with a
chauffeur-driven 2010 Ford Expedition EL.
Aside from its e-mail, SMS, and social-networking capabilities, the Blackberry Bold 9700 allows faster and more
convenient ways to download music, videos, and documents. The phone has a bigger, brighter screen, and easyto-use track pad. It is also 3G-technology ready, as well as WiFi- and Bluetooth-enabled.
“Globe and Blackberry are a natural fit,” said Menchi Orlina, Globe chief marketing officer. “Both have a track
record of innovation. Both are also dedicated to giving our customers products and services that help make their
lives easy, fulfilling, and fun.”
As part of this investment, JM Trivedi, head of Actis
South Asia, and Gautham Radhakrishnan, a director at
Actis, will join Integreon’s board of directors.
Today, professionals from leading organizations
focus on their “highest and best use” by entrusting
high-quality research, document, and legal solutions
to Integreon. Some of Integreon’s clients include top
global brands like Microsoft, prestigious law firms like
Clifford Chance and DLA Piper, and nine of the top 10
global investment banks.
Integreon revenues have grown at a compounded
annual growth rate (CAGR) of 83 percent since 2006,
leading to an $89 million revenue run rate in the fourth
quarter of 2009.
With Actis’s investment, Integreon plans to grow its
range of services and technologies, launch new delivery
centers, and seek strategic acquisitions.
Commenting on the transaction, Paul Fletcher, senior
partner at Actis, said: “Outsourced professional
services are one of Actis’s core investment strategies,
and Integreon represents a best in class investment in
this sector. Leading international corporations, financial
institutions, and law firms harness the specialist
knowledge capabilities of the emerging markets, and
Actis’s investment in Integreon further strengthens this
link. We hold the management team of Integreon in
high regard and are excited about partnering with Ayala
to drive the continued growth, profitability, and ambition
of the business.”
Fred Ayala, chief executive officer of LiveIt, said: “We
are very pleased to bring in Actis as a strong new
partner whose proven business building skills and
deep knowledge of emerging markets will help us take
Integreon to the next level.”
Liam Brown, Integreon CEO, added, “Actis’s longestablished understanding of emerging markets, along
with their experience investing in business services
outsourcing, makes them an ideal partner for Integreon.”
Jefferies India Private Ltd. acted as financial advisers
to Actis. Marks Baughan & Co. served as financial
advisers to Integreon.
Actis is a leading private equity investor in emerging
markets with a growing portfolio of investments in Asia,
Africa, and Latin America; it currently has $4.8 billion in
funds under management.
Globe chief marketing officer Menchi Orlina
shows off her new Blackberry Bold 9700
Rick Baker of Ford Group Philippines (left) with
Globe CEO Ernest Cu
Ayala 2009 net income reaches P8.2 billion
continued from p. 1
The Bank of the Philippine Islands (BPI) registered strong growth in business volume, revenue, and earnings.
Net income was up 33 percent to P8.5 billion. While corporate lending slowed, challenged by the high level
of liquidity and the availability of funding through the capital markets, loans to small and medium enterprises,
the consumer market, and credit-card customers remained robust, expanding at double-digit levels.
Globe Telecom’s earnings grew by 11 percent to P12.6 billion. While its core mobile business was weighed
down by intense competition and subscribers’ increasing preference for value offers on the back of weaker
consumption, Globe made significant gains in its broadband business.
AC Capital contributed positively in 2009, reversing the loss it registered in 2008. This was driven by the
strong growth in earnings of Manila Water Company, the turnaround of Integrated Microelectronics Inc. (IMI),
and the significantly improved performance of Ayala’s holding company for its investments in the business
process outsourcing (BPO) sector.
Manila Water posted a net income of P3.2 billion, 16 percent higher than in 2008 as it expanded customer
base, increased billed volume, and improved operating efficiency. Manila Water continued to expand its
businesses in wastewater management and concessions outside of the east zone.
IMI posted a turnaround in 2009 with $10 million in consolidated net income, a reversal of the net loss in
2008. It completed it listing by way of introduction at the Philippine Stock Exchange in January 2010.
Ayala’s BPO businesses held through LiveIt made considerable achievements in terms of scale and
profitability. LiveIt had positive operating net income before deal-related charges and interest expense
starting in the third quarter, which contributed to a significant reduction in its consolidated net loss to $12
million in 2009.
Ayala ended 2009 with cash of P30 billion and parent net debt-to-equity ratio of 0.04 to 1. It also recently
announced its intent to bid for the Angat Hydroelectric Plant.
Jaime Augusto Zobel de Ayala, Ayala Corporation chairman and chief executive officer, expressed optimism
about the strong performance of the Ayala group even amidst a severe global economic slowdown. “We are
pleased with the strong performance and resilience of our core businesses and are confident that we are well
positioned to capture opportunities as the economic cycle turns,” he said. “We are significantly increasing
group capital expenditure this year, reinvesting in our existing businesses, as well as exploring investments in
new sectors where we can lay a platform for a higher growth trajectory moving forward,” he said.
News
12th AYLC inspires youth to become agents of change
Delegates learn the value of teamwork and leadership through
various challenges
The 12th leg of the Ayala Young Leaders Congress
(AYLC), held on February 9 to 12 at the San Miguel
Management Training Center in Cavite, challenged 81
student leaders from different parts of the country to
become agents of positive change in the Philippines.
“Let us together
become the
change we seek
in our community
and country,“
JAZA tells the
AYLC delegates
CNN 2009 Hero
of the Year Efren
Peñaflorida
delivers the
keynote speech
In keeping with the theme, Ako: Pagbabago!, this year’s congress
introduced a number of innovations to the three-day annual event.
One of these was to expand the search for delegates beyond the
program’s usual partner colleges and universities. As a result, student
leaders from seminaries, police and military academies, and a center
for the education of indigenous peoples were also accepted. The
Philippine National Police Academy, the Immaculate Conception Major
Seminary in Bulacan, and the Pamulaan Center for Indigenous Peoples’
Education in Davao City sent representatives to the congress.
“The participation of leaders from these institutions lends greater
diversity and will hopefully provide greater insight and understanding
across backgrounds and cultures,” said Jaime Augusto Zobel de
Ayala, chairman and chief executive officer of Ayala Corporation.
He added: “We believe that leadership, one founded on integrity and
service, brings positive changes for those whom the leader serves and
for society. We want to highlight the tremendous changes and impact
each leader can make, and more important, the change we can make
and should make together.”
AYLC program
director JP Orbeta
“We want this new batch of delegates to discover in the stories of our
alumni, more possibilities and greater strength, as they too, embark
on becoming agents of change, guided by the values of servant
leadership,” said John Philip Orbeta, Ayala managing director and
AYLC program director.
Khuzie Maranda,
representative from
the Mindanao State
University, speaks at
the open forum
Aside from discussing important leadership challenges, developing
friendships, and sharing their thoughts on how the youth can
participate in nation-building, the delegates also drew inspiration
and strength from special guest speakers, leaders from the Ayala
group, and AYLC alumni. The guest speakers, who shared their own
stories of transformation that resulted from their leadership, came
from different sectors of society, including the government, business,
media, the arts, and sociocivic organizations.
Efren Peñaflorida, CNN Hero of the Year for 2009, served as the
event’s keynote speaker. Having made headlines last year as a
notable change maker, he spoke about his group Dynamic Teen
Company and its mission to contribute to the education of out-ofschool youth.
The facilitators of this year’s AYLC are composed of
volunteer executives and HR professionals from the
Ayala group of companies
JZA and FZA pose with students from the Pamulaan
Center for Indigenous Peoples’ Education
Other guest speakers and panelists included South Cotabato governor
Daisy Avance-Fuentes, Manila Water president Rene Almendras,
Youth Vote Philippines convener Jaime Garchitorena, acclaimed
journalist Cheche Lazaro, RockEd Philippines founder Gang Badoy,
and sculptor and art educator Ben-Hur Villanueva.
IMI lists on PSE by
way of introduction
IMI president Arthur Tan thanks
the company’s partners, board
members, employees, and
key stakeholders
continued from p. 1
consumer, automotive, industrial, and
medical electronics markets.
Unlike an OEM, IMI does not
manufacture its own products. Instead,
it helps OEMs develop and manufacture
products in a cost-efficient manner, so
that they can concentrate on technology
research and development and brand
management. An EMS company handles
volume manufacturing and possible
product development and engineering.
IMI etched its global footprint in 2005
when it acquired the EMS assets of
Saturn Electronics and Engineering
Inc. in the United States and
merged with Singapore-based EMS
provider Speedy-Tech Electronics
Ltd. These acquisitions resulted in
the establishment of an advanced
manufacturing engineering and
new product introduction center in
California, as well as manufacturing
plants and design centers in China
and Singapore.
Ayala Corporation and IMI chair Jaime
Augusto Zobel de Ayala welcomes IMI as
the sixth publicly listed Ayala subsidiary
Today, IMI runs a number of
manufacturing sites: three in the
Philippines and five in China, with a
sixth one being established within the
year. Its sales offices are located in the
Philippines, China, Singapore, Japan,
the United States, and Germany.
Based on 2008 revenues, IMI ranks 27th
on the list of top 50 EMS companies
cited by Manufacturing Market Insider,
an EMS trade publication. IMI also
received the 2007 Service Excellence
Award for highest overall customer
rating from Circuits Assembly, an
international magazine for the printed
circuit board and EMS industries.
From left: BPI Capital vice president Denis Sta.
Catalina, Ayala managing director for corporate
strategy Eric Francia, ALI president Antonino
Aquino, BPI Capital senior manager Jed Quimpo,
and BPI Capital president Jose Teodoro Limcaoco
BPI president Aurelio Montinola III
and PSE president Francis Ed. Lim
PSE vice president and head of capital markets
Enrico Trinidad, Arthur Tan, PSE head of
marketing services Jose Antonio Vilar, and PSE
chair Hans Sicat
IMI vice president for design
and engineering Rafael Nestor
Mantaring and Olaf Gresens
Arthur Tan with former IMI board director
Benjamin Chng and senior vice president
Emmanuel Barcelon
PSE chair Hans Sicat notes
IMI’s listing as the stock
market’s first for the year
Former IMI president Francis Ferrer and
AC Capital CEO Gerardo Ablaza Jr.
IMI CFO Sherisa Nuesa opens
the ceremony with a prayer
Neil Esguerra, Linardo Lopez, and Knoll
Evangelista of IMI
IMI board director Rafael Romualdez
and member of IMI’s audit committee
Jaime Villegas
Ayala treasurer Ramon
Opulencia and chief finance
officer Rufino Luis Manotok
IMI group controller Jaime
Sanchez and chief information
officer Andrew Carreon
IMI board director Jose Ignacio
Carlos and PSE board director
John Aloysius Bernas
From left: Jessie Cabaluna and Arnel de Jesus of SGV & Co, AC
Capital CFO Gina Oris, and IMI controller Jaime Sanchez
Ayala corporate secretary
Mercedita Nolledo
News
10
Ayala companies top Asiamoney surveys
BPI is Southeast Asia’s
best remittances provider
The Bank of the Philippine Islands
once again proved the excellence of
its remittance service by being named
Southeast Asia’s best remittances provider
in 2009. The award was given during
the third Alpha Southeast Asia Annual
Deal and Solution Awards, held in Kuala
Lumpur in January this year.
“This award is a tribute to BPI’s commitment to
provide overseas Filipinos with the best financial
services possible,” said Teresita Tan, senior vice
president and group head for BPI’s overseas
banking and channel services group. “Receiving
this award will further motivate our team to continue
empowering overseas Filipinos and their families.”
This regional award is preceded by a number of
prestigious awards given by various organizations.
Last year, BPI became the first bank in the country to
receive the Bangko Sentral ng Pilipinas Hall of Fame
Award, after being named top commercial bank for
overseas Filipino remittances for three consecutive
years (2005–2007) by the Central Bank.
The volume and amount of remittances sent to the
Philippines ranks fourth worldwide, next only to
China, India, and Mexico. Approximately 90 percent
of all remittances to the country are processed by
the banking system, with BPI owning a 27 percent
market share.
BPI has become a key remittance provider by
establishing its presence in regions with high
concentrations of overseas Filipinos. It has an
extensive 10,000-strong global network of BPI
remittance centers, as well as tie-ups with key banks
and institutions in various countries. Through BPI
24/7 Banking, clients can use the Internet, landline
phones, and mobile phones for their banking
needs. BPI has also introduced nonbank pick-up
points for remittances to enhance accessibility to its
services beyond regular banking hours.
“Our aim is to give our clients a wide range of
options, ease, and convenience in exercising
financial control over their remittances, savings, and
even investments,” said Tan.
But more than just processing remittances, BPI
is implementing the BPInoy Learning Program,
an initiative to educate overseas Filipinos on
matters beyond banking. These include lessons
on investing, growing a business, and handling
long-distance family communications. The bank
also has projects that seek to boost the morale
of Filipinos, including such annual events as
the BPInoy Awards and the Search for Ten
Outstanding Expat Pinoy Children.
Ayala Corporation, Ayala Land Inc. (ALI),
and the Bank of the Philippine Islands
(BPI) topped various surveys conducted in
2009 by Asiamoney, the most widely read
magazine in Asia-Pacific.
The survey named Ayala Corporation as the overall
best company in the Philippines for corporate
governance in its 2009 Corporate Governance Polls.
Ayala also received the highest marks among Philippine
companies in two categories: responsibilities of
management and board of directors, and shareholders’
rights and equitable treatment.
Meanwhile, ALI was named the best large-cap
corporation in the Philippines, while ALI president
Antonino Aquino was named the best executive in
the country.
Ayala Corporation is recognized as the best
in corporate governance, responsibilities of
management and board of directors, and
shareholders’ rights by Asiamoney in 2009
The magazine cited ALI for taking “a strategic change
of direction” and expanding into the economic housing segment to broaden the company’s market penetration.
According to the magazine, “it is a move that makes sense, as the bulk of the country’s real-estate demand lies in
this segment.”
Aquino was recognized for his work in implementing the strategic changes, after just eight months at ALI’s
helm, to propel the company’s growth in the coming years. “The president of Ayala Land has wasted no time in
changing its strategic focus, making it more effective and sensitive to the market,”
reported the magazine.
BPI also received several awards from the Asiamoney polls. Aside from naming BPI
the best domestic bank for 2009, Asiamoney gave BPI top ranking in the following
categories: best local cash management bank in the Philippines (voted separately
by small, medium, and large corporations), best domestic provider of foreign
exchange services, best domestic provider of foreign exchange prime brokering
services, and best domestic foreign exchange provider of single-bank electronic
trading platform. BPI also won special awards in the poll of polls, which honors
banks that have shown remarkable performance over 10 years. BPI was named
the best local cash management bank (1998–2009) and best domestic foreign
exchange bank (1998–2009).
ALI president Antonino Aquino
Incidentally, the recent Thomson Reuters Asia-Pacific Excel Survey named Alfonso
Javier Reyes, ALI’s head of investor communications and compliance, as the top investor relations professional in
the country. Globe Telecom’s Cherry Chan-Tan was ranked second in the survey.
Manila Water cited in MAP annual report awards
the challenging times. The company consistently
epitomizes good governance, provides excellent
customer focus, and pursues its continuing
commitment to sustainable development.
The team led by CFO Luis Oreta (third from left) behind
Riding the Wave, Manila Water’s 2008 annual report,
receives the MAP award. Also in photo are (from left) Ranny
Habaluyas, Glo de Castro, Dave Valeriano, Jhoel Raquedan,
Lizelle Zamora-Dimacuha, and Thom Ryan Ortega
Riding the Wave, Manila Water Company’s 2008
annual report, was adjudged first runner-up in
the seventh Best Annual Report Awards, given by
the Management Association of the Philippines in
November last year. This is the fourth straight year
that Manila Water’s annual report occupied one of
the top three positions in the MAP awards.
More than 70 publicly listed companies
representing industries were considered for the
top award, which was given to the Philippine Long
Distance Telephone Corporation.
According to MAP, Manila Water clearly
communicated to its various stakeholders how the
company remains primed for the future despite
The award also honored Manila Water’s
continuing effort to improve its disclosures,
promote good governance, and comply
with international reporting standards. While
spearheaded by the company’s investor relations
team, the Manila Water annual report for 2008
resulted from the collaborative effort among
people from various departments, including
corporate communications, and legal and
corporate governance.
The cover of Manila Water’s
award-winning report
Ayala’s 175th anniversary,
BPI’s Herencia receive Bronze Anvil
Never Stop Believing, Ayala’s 175th anniversary program, received the
Bronze Anvil, the second highest honor given by the Public Relations
Society of the Philippines (PRSP) during the 45th Annual Anvil Awards
Ayala companies
shine in local,
international awards
With emphasis on messaging and content, Ayala’s 175th anniversary program made
use of multimedia platforms to reach internal and external stakeholders. These include
the distinctive Never Stop Believing print ad campaign; internal print publications (which
included the Ayala@175 special magazine, which received a separate Anvil Award of
Excellence; and the bimonthly Ayala Now); an anniversary video featuring chairman
emeritus Jaime Zobel de Ayala; a special website and online time line; animated
screensavers; and below-the-line collaterals including banners and exhibits. The 175th
anniversary program won an Asian Multimedia Publishing Award in 2009.
The end of 2009 and the beginning of 2010
boded well for the Ayala group, as Ayala
companies, projects, and officials were
cited for excellence by several award-giving
bodies, both here and abroad.
Herencia: A Legacy on Art and Progress, a coffee table book on the Bank of the
Philippine Islands’ art collection, together with a supplementary teacher’s guide, also
received a Bronze Anvil.
Globe wins The Asset Platinum Award
held on February 26.
Other Ayala companies figured prominently in the Anvils. Globe Telecom received four
Awards of Excellence and six Awards of Merit for various corporate social responsibility
programs and its corporate social responsibility report. Manila Water Company received
four Awards of Merit for programs in environment and disaster response. Ayala Land
units were also recognized for their unique PR programs. Market! Market!’s Recycling Is
in the Bag received an Award of Excellence, while Cebu Holdings’s Think Pink! health
campaign received an Award of Merit.
The annual reports published by Manila Water, Cebu Holdings, and Ayala Foundation
were also given Awards of Merit.
Ayala group representatives
receive Anvil Awards for their
respective companies. From
left: Jan Siena and Emi de
Lara of Ayala; and Paul de
Guzman, Jaime Martinez,
and Izza Lambino of AFI-FHL
Globe Telecom was honored by The
Asset magazine with the Platinum
Award for all-round excellence in
financial performance, management,
corporate governance, social
responsibility, environmental
responsibility, and investor relations.
Globe was the only Philippine
telecomunications company to meet
the criteria of the awards.
The Asset, published by the Hong
Kong–based Asset Publishing and
Research Ltd., recognizes listed
companies that deliver strong
financial performance while ensuring
transparency and social responsibility
in their operations. The Asset also
looked into how companies implement
environmentally responsible policies.
The awards have five major
categories—three-year financial
performance, corporate governance,
social responsibility, environmental
BPI representatives led
by Jing Remo (left), Chell
Jacob (third from left),
Ramon Villegas (sixth from
left), and Jody de la Cruz
(right) receive the Bronze
Anvil for Herencia
Globe’s four Awards of
Excellence and six Awards
of Merit were received by
(from left) Jeff Tarayao,
Yolly Crisanto, and Andy
Bengzon of Globe. Also in
photo are Ed Alcaraz and
Butch Raquel of PRSP
Some of the Ayala group’s Anvil-winning PR tools and reports. Clockwise from left:
Ayala@175 anniversary magazine; Never Stop Believing, the Ayala anniversary ad
campaign, BPI’s Herencia, Ayala Foundation’s 2008 annual report, Globe’s 2008
corporate social responsibility report, Cebu Holdings’ 2008 integrated annual and
sustainability report, and the special anniversary edition of Ayala Now
responsibility, and investor relations.
The companies are given scores for
each of the categories. Interviews are
conducted by investors, analysts, and
industry specialists.
With the introduction of the Platinum
Awards, a new level of rigor is brought
into the selection process, since
companies are benchmarked against
their contemporaries. In 2009, The
Asset upgraded its corporate awards
to establish this new recognition that
honors excellence in both growth and
social objectives. It is by far The Asset’s
highest corporate award.
The Asset Publishing and Research
Ltd. is an integrated multimedia
company serving leading corporate
and financial decision makers in Asia.
The Asset is known to deliver unbiased
coverage of and independent research
on Asia’s financial industry.
12
Ayala Land opens
TechnoHub’s retail plaza
Officials from Ayala Land
and the University of the
Philippines ceremonially
“unlock” the TechnoHub
retail plaza. From left:
UP vice president for
planning Armin Sarthou,
UP president Emerlinda
Roman, ALI president
Antonino Aquino, ALI
senior vice president
Marivic Añonuevo, and
Ayala Malls chief operating
officer Rowena Tomeldan
Water services on the resort
island of Boracay were formally
turned over by government
officials to Manila Water
Company in a special ceremony
held on January 29.
The University of the Philippines–Ayala Land TechnoHub, the information technology
(IT) park developed and operated by Ayala Land Inc. (ALI), formally opened its retail
plaza on December 18 last year.
Located at the heart of TechnoHub, the retail plaza completes the mixed-used
development located along Commonwealth Avenue, Quezon City. It offers a selection
of retail and specialty services stores, entertainment centers, cafés, and restaurants
that complement the busy, active, and modern lifestyle of those who work and study
in the area, as well as those living nearby.
The launch featured the symbolic unlocking of the retail plaza, led by ALI and UP
officials, including ALI president Antonino Aquino, senior vice president and Ayala Malls
group head Marivic Añonuevo, Ayala Malls chief operating officer Rowena Tomeldan, UP
president Emerlinda Roman, and UP vice president for planning and development Armin
Sarthou. Also present at the launch were Ayala Land Businesscapes’ Mel Ignacio, May
Florentino, Mary Ann de la Cruz, Marc Reyes, Edwin Yabut, and Martin Arranz; and Ayala
Malls’ Charmaine Bauzon, Cathy Bengzon, Bing Jose, Amir Precilla, Javi Hernandez,
Norie Raniel, and Luke Lee.
The ceremonial opening of the plaza was followed by a light show especially created
for the event. The opening also included performances of over 60 singers and dancers,
including Agot Isidro, Ervin Lumauag, John Paul Lapuz, the UP Pep Squad, UP
Orchestra, UP Filipiniana Dance Troupe, and the
UP Madrigal Singers.
With its central location, well-thought-out design,
good mix of merchants, exceptional customer
service, and open spaces, the UP–Ayala Land
TechnoHub Retail Plaza provides the community
with an easily accessible place to shop, dine, and
converge, thereby upholding ALI’s commitment
to community building.
The following establishments occupy retail
spaces at the TechnoHub Retail Plaza:
Blackbeard Seafood Island, Bench Fix, Bank
of the Philippine Islands, Café Breton, CD-R
King, Chinabank, Figaro, Flapjacks, Globe
Telecom, Kanin Club, KFC, Le Ching Tea
House, Mikedee’s Restaurant & Bar, Ministop,
Mister Kebab, National Bookstore, Pizza Hut,
Ral’s, Razon’s, Red Kimono, Reyes Barbeque,
Starbucks, Switch, The Coffee Bean and Tea
Leaf, The Old Spaghetti House, Timezone, and
Yellow Cab.
Boracay Water Company
turned over to Manila Water
Manila Water officials hope that the
turnover of Boracay Island Water
Company will be the start of more
ventures, as Manila Water continues
to explore expansion opportunities
outside its original service area in Metro
Manila’s east zone.
The Boracay venture was formed
between the Philippine Tourism
Authority (PTA) and Manila Water in
April 2009. It will involve the design,
financing, construction, and operation of
the island’s water supply and sewerage
system, as well as the operation and
maintenance of an existing drainage
system over a 25-year period.
Manila Water chairman Fernando Zobel
de Ayala and Department of Tourism
(DOT) secretary Joseph Durano signed
the agreement. During the agreement
signing, Durano expressed his desire to
enter into similar ventures with Manila
Water in Bohol and Palawan—two
other growing tourist destinations in
the country.
Durano called the venture a
“pioneering” enterprise as it was
the first under the terms of the 2008
National Economic Development
Authority joint-venture guidelines,
where a government-controlled
corporation such as the PTA may
partner with a private company.
The ceremony was attended by Manila
Water’s management committee, led by
president Rene Almendras. Also present
were Aklan congressman Florencio
Miraflores, DOT undersecretary
Salvador Sarabia and assistant
secretary Cynthia Carreon, PTA general
manager Mark Lapid, Aklan provincial
administrator Diego Luces, provincial
tourism officer Carina Ruiz, Aklan mayor
Ceciron Cawaling, vice mayor John Yap,
and Boracay Chamber of Commerce
vice president Peter Brugger.
Manila Water is investing P1.2 billion
in the venture, which is expected to
generate 500 to 1,000 new jobs in
civil works.
Globe receives
certification for carrier
ethernet services
Globe Telecom recently received a certification for its carrier
ethernet services from the Metro Ethernet Forum (MEF), a
nonprofit group composed of the world’s top ethernet service
providers and major equipment vendors. Globe is the first
Philippine telecommunications company to receive the MEF 9
Members of the UP Pep Squad wow
the crowd at the launch
UP artists perform
during the
opening of the
retail plaza
service-provider certification.
MEF 9 checked whether Globe’s Ethernet Line, Ethernet Virtual Private Line,
and Ethernet LAN Ethernet services conformed with the MEF’s User Network
Interface (UNI) standards. The testing process consists of a lab test, where
the service infrastructure is simulated in a lab for initial verification; and a field
test, which looks into production circuits.
Globe has been delivering carrier ethernet services since 2000, through its
high-speed Broadband Access Service (BAX) network. The company has
also made significant investments in the IP-Converged Optical Network
(ICON) upgrade and other aspects of its network infrastructure. ICON is
the Philippines’ first and only pure Internet Protocol–Multi-Protocol Label
Switching (IP MPLS) network, and its reliable and secure network backbone
helps Globe Ethernet service users enjoy low resiliency and latency.
News
FZA joins Bridges in
welcoming Nobel laureate
Globe GCASH now
the country’s largest
remittance network
Officers of the International Peace Foundation’s Bridges Program welcomed Prof. Torsten
Globe Telecom’s GCASH recently became
Wiesel, winner of the Nobel Prize for Medicine in 1981, when he visited the country to deliver
a lecture at the De La Salle University-Manila on February 1. Ayala Corporation president
Fernando Zobel de Ayala was one of those who welcomed the Nobel laureate.
the larget remittance network in the country
after the Bangko Sentral ng Pilipinas (BSP),
through the Monetary Board, approved the
request of G-Xchange Inc. (GXI), Globe’s
In his lecture, Wiesel discussed the role science plays in promoting world peace. His lecture drew a significant
number of attendees, including students, educators, scientists, government officials, and representatives from
nongovernment organizations.
Established in 2007, the Bridges program of the International Peace Foundation aims to strengthen communication
among Southeast Asian nations. By engaging the support of artists, scientists, business leaders, government
officials, and others, Bridges hopes to promote “a culture of peace” in Southeast Asia.
mobile-commerce subsidiary, to use Globe
distributors as GCASH outlets. The BSP’s
approval brought the number of remittanceenabled GCASH outlets to over 18,000.
Ernest Cu, Globe president and chief executive
officer, said that expanding the GCASH network is
a key strategy to the success of the business. “Our
distribution system is one of our most valuable
assets, and combined with our current GCASH
network of partners, it will help us significantly expand
our efforts in providing a vehicle for financial inclusion
to more Filipinos all over the country,” Cu said.
Torsten Wiesel (right)
reads a copy of the
book Cory Magic
during his recent
visit to Manila. Also
in photo are FZA,
Francis Estrada,
DLSU chairman of the
board of trustees, and
Brother Armin Luistro,
FSC, DLSU president
and chancellor
“We are truly grateful to the BSP for seeing the
potential that this opportunity brings to the financial
services industry,” he added.
Rizza Maniego-Eala, president of GXI, pointed out
that the massive effort in expanding the GCASH
network of outlets is a testament to the company’s
commitment to lowering the delivery cost of
remittances and access to various financial services.
“BSP’s approval will allow us to improve our ability
to truly bring remittance and microfinancial service
points to more neighborhoods across the Philippines,
and we are committed to complying fully with
regulations to ensure the financial integrity and the
protection of consumers,” Eala said.
At present, GCASH has about 1.2 million users and
has an average transaction value of P5 billion a month.
BPI, M. Lhuillier sign remittance agreement
The Bank of the Philippine Islands (BPI)
recently entered into an agreement with
M. Lhuillier Financial Services to expand
In the past, GCASH was offered only at Globe
Business Centers, rural banks, pawnshops,
and other remittance partners. Now, GCASH is
available at Globe distributors, including sari-sari
stores, gift shops, pharmacies, Internet cafés, food
establishments, photocopying stations, school-supply
stores, gas stations, multipurpose cooperatives,
cellphone shops, and many others.
its remittance network and to reach the
families and beneficiaries of a greater
number of overseas Filipinos. The signing
was held in Cebu City.
“Our partnership with M. Lhuillier gives our clients
more options for sending their remittances to
their families here in the Philippines. M. Lhuillier
complements BPInoy remittances and supports
beneficiaries with longer servicing hours and a
wider network of branches all over the country,”
says Raul Dimayuga, BPI senior vice president and
head of its global remittance division. Through M. Lhuillier’s Kwarta Padala Service,
beneficiaries of BPInoy clients can receive and
remit money with more ease and convenience
through M. Lhuillier’s more than 1,200 branches
nationwide. M. Lhuillier branches are open from
7 a.m. to 9 p.m.
As much as 70 to 80 percent of Filipinos have
limited access to banks, or no acces at all. With
the expansion of Globe’s GCASH outlet network,
access to financial services has become a reality to
a greater number of Filipinos, especially those living
in rural areas.
In photo are (from left) Cecilia Lumapas,
FSD manager; Amparito Lhuillier,
president of ALL Jewelry Corporation
and M. Lhuillier Financial Services;
Michael Lhuillier, vice president of ALL
Jewelry Corporation and M. Lhuillier; Raul
Dimayuga, BPI senior vice president;
Melinda Dulay, BPI assistant vice
president; and Anne de los Reyes, BPI
assistant vice president
Receiving international remittances has also become
more convenient and affordable through GCASH.
This is because the expanded network of GCASH
outlets supports the delivery of money transfers from
abroad through GXI’s 744 international partner outlets
in 30 countries.
With GCASH, Globe and Touch Mobile subscribers
can send remittances, buy phone credits, make
donations, settle their loans, receive their salaries,
pay their bills, and avail themselves of products
and services with the help of text messaging or the
mobile-wallet menu in their SIM cards.
14
APMC passes IMS audit
Ayala Property Management Corp. (APMC) recently passed the
surveillance audit conducted by the Integrated Management
Manila Water, Globe honor
outstanding employees
Systems (IMS). For this audit, the IMS took a look at the
documentation of APMC’s quality, environmental, and occupational
health and safety management systems, to make sure that the
company complies with global standards.
The IMS Surveillance Audit was conducted in three major Ayala Land properties—
Greenbelt 5, Serendra, and UP–Ayala Land TechnoHub—and in several support units
of the company. The audit was conducted by Certification International Philippines Inc.
(CIPI), a certifying body with 14 years of expertise in management systems certification. APMC chief executive officer Raul Irlanda said that the organization continually raises
the bar in providing the best products and services for its customers through careful
benchmarking against global industry models.
“This certification not only includes our internal units such as finance, document
control, or human resources, it also certified our outsourced processes such as our
maintenance and security service providers,” Irlanda said. “This is something we are
very proud of, given the very rigorous certification process.”
The winners of the Manila Water P3 Awards with current and former Manila Water officials
Manila Water Company and Globe
Telecom honored some of their most
outstanding employees in separate
ceremonies held late last year.
Manila Water’s Huwarang
Manggagawa Awards honored 113
middle-ranked managers and 72
rank-and-file employees, as the
company continues to put a premium
on recognizing its people who have
performed commendably and worked
admirably during the year.
Carlos Cabrera, a “knowledge
worker who works and thinks
beyond his title,” as described by
his managers, was considered the
grand awardee, while one five-time
honoree and 13 four-time awardees
received the President’s Pride due to
Performance or P3 Awards.
In photo are members of the APMC team involved in the audit process. Standing, from left:
Ricky Almeda, Sherwin Vinoya, Edgar Alcazar, Raul Irlanda, Bobby Menpin, PJ Soriano, and
June Vazquez. Seated from left: Nerisse Basconcillo, Japs de Jesus, Peachy Peñaflorida, and
Erick Calupe
Ayala Systems engineers
undergo training in Sweden
Ayala Systems Technology
Inc., sends two systems
engineers for hands-on
training in integration testing
for a telecom client in Sweden.
Ayala Systems’ presence in
the European market is driven
by its solid partnership with
Falco, a Swedish company
specializing in offshore
software development, testing,
and graphical production.
In photo are (from left) Jens Jonasson,
Falco CEO; Rodeo Rodriguez, Ayala
Systems project manager; Ralph Lauren
Gulapa, Ayala Systems consultant; and
Martin Karlberg, Falco project manager
Cabrera, a meter-services controller
from the business operations–
technical support group, came up with
an innovation that enabled his coworkers to perform a crucial activity—
meter replacement—without difficulty.
Cabrera beat 16 other finalists to
become the 12th recipient of the
company’s premier employee award.
The winners of the P3 Awards,
meanwhile, were honored by Manila
Water president Rene Almendras,
who told the awardees to “light their
own path.” Good employees, he said,
“have the confidence to take risks,
allowing them to overcome the notion
that they must become regular or
mediocre. They give themselves the
chance to be extraordinary.”
In December, Globe held the 2009 Globe
Excellence Awards (GEA), the company’s
highest, most prestigious employee
recognition. GEA aims to recognize
excellence in individuals and teams that
live out the company’s mission, vision,
and values; breathe life into the brand
promise; and contribute to the attainment
of the company’s overall goals.
GEA gave out the following awards:
outstanding employee (per group),
outstanding leader, outstanding people
manager, project team of the year,
exemplary behavior award (individual
and team), and outstanding social
responsibility project. This year’s winners
underwent a rigorous interview and
screening process led by a panel of
judges that included Jollibee president
Ernesto Tancaktiong, Ayala Corporation
managing director and corporate
resources head John Philip Orbeta,
MyShelter Foundation executive
director Illac Diaz, and Federal Phoenix
Assurance president Ramon Dimacali.
The outstanding social responsibility
award was given to the Globe Adventure
Club (GAC). This award is given to a
team that initiates, leads, organizes, or
participates in community-based projects
in the areas of education, environment,
and entrepreneurship.
To generate funds for a medical mission,
GAC organized several activities. These
included a special raffle, a caving
expedition for Globe employees, the sale
of post cards, and others. The mission
was able to provide much needed
medical attention and medicines to Aeta
families in Sitio Mampueng in Zambales.
Members of the Globe Adventure Club receive the outstanding social responsibility
award in the 2009 Globe Employee Awards. Also in photo are Ayala managing
director JP Orbeta (fifth from left) and Globe CEO Ernest Cu (right)
Ayala Cares
Thousands expected to
join Run for Home 2010
On March 21, thousands of running
enthusiasts will gather at the Ayala
Triangle Gardens for the 2010
Globe Telecom Run for Home.
Run for Home 2010 aims to surpass the
success of its first running event, held
in July last year, by gathering a greater
number of participants, introducing
innovations, and raising more funds to
support Habitat for Humanity’s housebuilding program in Calauan, Laguna.
There are five run categories to choose
from: the three kilometer (3K), five
kilometer (5K), 10 kilometer (10K),
15 kilometer (15K), and 21 kilometer
(21K, or half marathon) categories.
Run for Home 2010 promises a unique
running experience. For one, this is
the first time that a running event will
start and end in the Makati Central
Business District, with routes for 10K,
15K, and 21K going to Bonifacio
Global City and back. In addition, the
runners’ singlets are made from 100
percent recycled plastic (PET) bottles,
the first time the technology is being
used in the Philippines. There will also
be live web streaming and automatic
updates on Facebook for those who
wish to announce when they cross the
finish line. Finally, as with last year’s
Run for Home, disposable electronic
timing chips will be provided to the
first 8,000 registrants, and photos and
run reports will be posted online after
the event. Cash prizes will be awarded
to top finishers. As with last year’s event, Ayala, Ayala
Land Inc., Bank of the Philippine
Islands, Manila Water Company,
Integrated Microelectronics Inc., Honda
Cars Makati Inc., and Isuzu Automotive
Dealership Inc. have raised a total of P1
million. The amount will be donated to
Habitat for Humanity Philippines.
For more information, visit
www.globe.com.ph/run
Ayala group to build 175
homes in Calauan, Laguna
Employees of the Ayala group of companies will soon
have the opportunity to help build homes for the poor
when the conglomerate kicks off its house-building
volunteerism programs in March.
In partnership with Habitat for Humanity Philippines, the Ayala group
will build 175 homes at a designated site in Calauan, Laguna, for
families displaced by the ongoing Pasig River rehabilitation program,
as well as for those affected by last year’s typhoons.
Groundbreaking is scheduled in March, and volunteerism
opportunities will be available to employees until September.
In addition to house-building activities and the provision of
shared amenities, the Ayala group will help look for partners
to develop the entire site, which will have 961 homes. Manila
Water Company will also redevelop the site’s water system,
while Ayala Land Inc. (ALI) will provide expertise in property
and community development.
At the Sustainability Summit held last year, Ayala Corporation,
ALI, Bank of the Philippine Islands, Globe Telecom, Manila Water,
and Integrated Microelectronics Inc., each pledged P5 million to
the project.
Habitat for Humanity Philippines is a nonprofit organization that
enables Filipino families in need to acquire affordable, decent, and
durable homes. Through volunteer labor and donations of money
and materials, Habitat builds and rehabilitates houses with the help
of homeowner families. Over the years, Habitat has helped rebuild
the lives of about 27,000 families nationwide.
BPI, Globe partner with OWWA for Model OFW Awards
The Overseas Workers’ Welfare Administration
(OWWA), in cooperation with the Bank of the
Philippine Islands (BPI) and Globe Telecom,
presented the 2009 Model Overseas Filipino of the
Year Awards (MOFYA) to members of the family who
developed the first Gawad Kalinga Reunion Village.
Now on its fifth year, MOFYA honors outstanding families
of overseas Filipinos who are making a significant
contribution to the development of their communities.
Rodolfo Lubis, his wife Sonia, and their children were
honored for their contribution in providing education
and sustainable income to their poor neighbors in
Lipa City, Batangas.
The Lubis family received their award from Vice
President Noli de Castro, Ayala chairman Jaime Augusto
Zobel de Ayala, Globe president Ernest Cu, OWWA
administrator Carmelita Dimzon, and Department of
Labor and Employment secretary Marianito Roque.
Globe and BPI also gave cash prizes of P400,000 and
P200,000, respectively.
The Gawad Kalinga Reunion Village offers
employment and livelihood opportunities for
its residents, as well as scholarship grants to
the youth. The Lubises also planted more than
45,000 narra and mahogany trees to support the
government’s Greening of the Environment campaign.
(From left) Globe CEO Ernest Cu, Ayala chairman Jaime Augusto Zobel de Ayala, OWWA administrator Carmelita Dimzon, Department
of Labor and Employment secretary Marianito Roque, and Vice President Noli de Castro give the 2009 MOFYA to the Lubis family of
Lipa City, Batangas
16
Manila Water lab’s
ISO stamp renewed
AF USA trustees hold
first meeting for 2010
Manila Water’s Laboratory Services Department recently
renewed its ISO 17025:2005 accreditation through
the Department of Trade and Industry’s Philippine
Accreditation Office. The renewed accreditation means the water company’s laboratory
continues to meet the technical competence and management system
requirements necessary for the consistent delivery of technically
valid test results and calibrations. It also means that the facility meets
the principles behind the ISO 9001:2008 certification for quality
management, making Manila Water a trustworthy laboratory, both
here and abroad.
“This new recognition should convince our current clients that with
Manila Water, they cannot go wrong with their laboratory concerns. This
can also help us market our services more easily, since industrial and
academic institutions can completely trust our competence and the
integrity of our test results,” Vicky Santos, the facility’s manager, said.
Manila Water’s laboratory was designed to test water and wastewater
samples, but in recent months, it has also been tapped to test consumer
products and other samples by media institutions like GMA-7, which
conducts investigative reports on the safety of water and other products.
Among Manila Water’s current clients are provincial water districts,
Fortune Tobacco, refilling stations, high-rise buildings, and
government offices.
Condura Run benefits
AFI’s Bohol projects
This year’s Condura Run, held on February 7 at Bonifacio
Global City, Taguig, attracted over 8,500 runners. The
The AF USA board of trustees held its first meeting for 2010 at the
Ayala Museum. From left: Ayala Corporation president and AF USA vice
chairman Fernando Zobel de Ayala; trustees Loida Nicolas Lewis, Maria
Banatao, Sherri Burke, and Sheila Lirio Marcelo; AF USA president Victoria
Garchitorena, and AF USA deputy director Rene Encarnacion
The board of trustees of Ayala Foundation USA (AF USA) held its
first meeting for the year at the Ayala Museum in January. Chaired
by Ayala Corporation president and AF USA vice chairman
Fernando Zobel de Ayala, the meeting was attended by Maria
Banatao, Sherri Burke, Loida Nicolas Lewis, Sheila Lirio Marcelo,
Sally Muñoz, and Ayala Foundation Inc. (AFI) and AF USA
president Victoria Garchitorena. Six other members of the board
joined the meeting by telephone.
Also present during the meeting were AF
USA deputy director Rene Encarnacion
and public relations and marketing
director Letty Quizon, AFI executive vice
president Guillermo Luz, AFI Center
for Social Development director Mario
Deriquito, and the AF USA–Manila Team,
headed by Chiara Cruza.
New trustees were formally introduced
during the meeting. These were Josie
Chernoff, Winston Damarillo, and Cora
Oriel. Also nominated to become part of
the board was Ronna Reyes Sieh, who
had helped organize a benefit concert
in New York, featuring Lea Salonga, to
fund relief operations following the
onslaught of typhoon Ondoy last year.
The event raised around $20,000 for
relief and rehabilitation efforts of AF USA
and its Philippine nonprofit partners.
Also discussed during the meeting
were plans for the AF USA Gala and
Forum, scheduled for September. The
Gala and Forum will gather prominent
Filipinos and Filipino-Americans for
workshops and discussions, as well
as an invitational gala dinner with
auctions and special performances by
celebrity guests.
running event was held to raise funds for the environmental
projects of Ayala Foundation Inc. (AFI) and its partner
organizations in Bohol. On behalf of AFI, executive vice
president Guillermo Luz received a check worth P402,400.
AFI has been developing and implementing sustainable community
programs designed to preserve Bohol’s natural and cultural heritage. Its
partner, Bezo Recreational and Aquatic Activities in Bohol (BRAABO),
implements sustainable eco-tourism projects to benefit the local
community while protecting the environment.
Residents of Pamilacan, an island barangay in the municipality of
Baclayon, have a long history of hunting dolphins, whale sharks, and
manta rays. One of BRAABO’s main activities is to help the residents find
livelihood alternatives. For instance, hunting boats are now being used as
tourist boats.
Since 2007, Condura has been organizing running events to raise
awareness, as well as funds, for environmental causes. Organized by
brothers Ton and Patrick Concepcion, this year’s Condura Run drew
participants in the 3-kilometer, 5-kilometer, and 10-kilometer categories.
AFI executive vice president Guillermo Luz (foreground, third from left) receives a
check worth P402,400 raised during this year’s Condura Run. Also in photo are
officials from the local government of Baclayon, Bohol
Feature
AFI receives book donation
from Bard Graduate Center
Globe, SingTel launch
reading campaign
Globe Telecom, in cooperation with international
Approximately 4,500
partner Singapore Telecommunications Ltd.,
books were sent to Ayala
(SingTel) recently launched a nationwide reading
Foundation Inc. (AFI)
campaign, which aims to promote literacy, as well
by the Bard Graduate
as the love of reading, among public elementary
Center in New York in
school students all over the country.
November last year.
Facilitated by former
Ayala Museum director
Florina Capistrano-Baker,
the book donation was
composed of art books
Part of the Bard Graduate Center donation
composed of 4,500 books
and exhibition catalogs.
As of February this year,
AFI, through the Filipinas Heritage Library (FHL), has distributed
more than half of the donation to various educational and cultural
institutions all over the country.
The books were shipped from New York to the Philippines with the support of the
Asia Philippines Foundation and the Anita Magsaysay-Ho Foundation. As soon as the
books arrived, FHL started distributing the books to members of LibraryLink, the online
consortium of Filipiniana libraries hosted by FHL, public schools, and other cultural
institutions in Metro Manila, Ilocos Norte, Dumaguete City, Palawan, Mindoro, Iloilo,
Legazpi City, and Batangas.
The following books are part of the donation: Josef Frank: Architect and Designer,
edited by Nina Stritzler-Levine; The Brilliance of Swedish Glass, by Derek Ostergard
and Nina Stritzler-Levine; James “Athenian” Stuart, the Rediscovery of Antiquity and EW
Godwin, Aesthetic Movement Architect and Designer, edited by Susan Weber Soros;
Lions, Dragons, and other Beasts: Aquamanilia of the Middle Ages, by Peter Barnet
and Paul Dandridge; the exhibition catalogue for Utopia and Reality, Modernity in
Sweden; Vasemania, edited by Stefanie Walker; A.W. Pugin, Master of Gothic Revival,
edited by Paul Atterbury; and Hungarian Ceramics from the Zsolnay Manufactory,
edited by Éva Csenkey and Ágota Steinert.
At least 2,000 books are still available at FHL. For inquiries on how to secure books for
schools, call 892 1801, and look for Suzanne Yupangco or Rose Figuerres.
Students representing various indigenous groups receive books from (from
left) Globe’s Ernest Cu, SingTel’s Edmund Chan, Singapore ambassador A.
Selverajah, Singtel’s Peter Heng, and JAZA
SingTel is providing the storybooks and school supplies for the
project. Meanwhile, Globe’s corporate social responsibility arm
Globe Bridging Communities (Globe BridgeCom) is taking the
lead in distributing the reading materials to students in different
parts of the country.
Officially launched in November last year, the Globe–SingTel
reading campaign is in line with the Department of Education’s
Every Child a Reader Program (ECARP). Present during the
launch of the project were Ayala chairman Jaime Augusto
Zobel de Ayala, Globe president Ernest Cu, Singapore
Ambassador to the Philippines A. Selverajah, SingTel’s
Edmund Chan, and SingTel corporate communications
director Peter Heng.
Text2Teach turns over educational materials in Dagupan
The multi-stakeholder project
Text2Teach continued to bring
relevant educational materials
to public elementary schools all
over the country. In January, the
project held a community launch
in Dagupan City, Pangasinan.
During the launch, each of the 11 recipient
schools received a Text2Teach package,
which included a Nokia mobile phone
preloaded with more than 380 educational
audio and video materials, a prepaid SIM
card from Globe Telecom, a 29-inch color
television, and teachers’ guides. Globe
will also provide P150 monthly phonecredit allowance for one year, to be used
for helpdesk concerns. In addition, Globe
will give prepaid credits worth P1,000 if
there are new or updated materials ready
for downloading using Globe’s 3G network.
Members of the Text2Teach consortium
include Ayala Foundation Inc., Globe,
Nokia, Southeast Asian Ministers of
Education Organization Regional
Center for Educational Innovation and
Technology (SEAMEO INNOTECH), and
the Department of Education.
The eleven schools that received a
Text2Teach package each were the
West Central Elementary School, Lucao
Elementary School, Juan L. Siapno
Elementary School, East Central
School, Carangalan Elementary School,
Bolosan Elementary School, Victoria
Q. Zarate Elementary School, Leon
Francisco Maramba Elementary School,
Juan P. Guadiz Elementary School,
Carael Elementary School, and Calmay
Elementary School.
Text2Teach is an educational program
that uses mobile technology to make
learning more exciting for students.
More than 380 educational videos in
Science, Math, English, and Values
Education are preloaded into mobile
phones. The videos are designed to fit
the DepEd’s basic education curriculum
for grades 5 and 6 students in public
elementary schools. Representatives from the Text2Teach alliance join the project’s community launch in Dagupan.
(From left) DepEd Region 1 chief of Elementary Education Bartolome Teneza, DepEd Region
1 chief of Secondary Education Anastacio Domingo Jr., AFI director Mario Deriquito, BridgeIT
Nokia (Philippines) program manager Simo Hoikka (fifth from left), Globe community relations
head Jeffrey Tarayao, and SEAMEO INNOTECH executive director Dr. Erlinda Pefianco (fourth
from right) give Text2Teach materials to Dagupan City officials, a teacher, and a student
18
Purita Kalaw Ledesma Collection
on display at the Ayala Museum
Anita Magsaysay-Ho, and Cesar Legaspi.
Aside from paintings, the exhibit also
features sculptures, drawings, and mixedmedia works.
Four National Artists, Arturo Luz,
Napoleon Abueva, Ben Cabrera, and
Abdulmari Imao, attended the opening.
The guest list read like a who’s who of
the Manila art scene, including Ayala
Corporation chairman emeritus Jaime
Zobel de Ayala, Lor Calma, Betsy
Westendorp, Araceli Dans, Phyllis
Zaballero, Claude Tayag, Susan Roces,
and Virgie Moreno. The diplomatic
corps was also well represented by
ambassadors Luis Frias, Jesus and
Marge Tambunting, Isabel Caro-Wilson,
Tony Villamayor, Curtin Chin, and Rene
and Fortune Ledesma.
Portrait of Purita Kalaw Ledesma (detail)
by Victorio Edades
1977
Oil on canvas
Kalaw-Ledesma Foundation Collection
In the history of Philippine art in the
20th century, Purita Kalaw Ledesma
stands as a major figure in the
development of modernism as well
as in the professional growth of visual
artists. She was the founder of the Art
Association of the Philippines (AAP), as
well as a patron and friend of several
artists who went on to become National
Artists. A choice selection from her private
collection, now the property of the Purita
Kalaw Ledesma Foundation, is on view at
the third-floor gallery of the Ayala Museum
until May 3.
Also present were Paing Hechanova,
Justa and Mon Tantoco, Nening Manahan,
Ninit Paterno, Pabling Calma, Ana Marie
Pamintuan Aboitiz, Linda Panlilio, Bambi
Harper, Usec. Eduardo Jarque, Ernest
Leung, Beth Romulo, Mita Rufino, Olga
Martel, Nene Quimson, Chloe Periquet,
Maritess Pineda, and Teta Agustin-Wright.
The following week, writer-critic Alfredo
Roces gave a talk about the exhibition and
on Philippine modernism.
A Vision of Philippine Art: Selections from
the Purita Kalaw-Ledesma Collection was
made possible through a partnership
between the Ayala Foundation and the
Purita Kalaw Ledesma Foundation.
January 23, 1968
To pave the way for its modernization, Ayala y Compañia was officially renamed
Ayala Corporation. The change in name signaled the company’s commitment
to becoming a world-class, diversified business entity. The Securities and
Exchange Commission (SEC) registered the incorporation on January 23, 1968.
The move to make Ayala a modern company catered to the new business
plans and interests of Ayala’s partners and accommodated future business
expansions. The change also allowed for the entry of highly talented
professional managers who would help develop and implement the expansion
strategies of the company.
As a strictly family-owned business during its first century, Ayala was engaged
in various business ventures. These included an alcohol distillery, the operation
of street cars, sugar centrals, and insurance companies. After the Second
World War, Ayala’s growth continued, as it became an investment and
holding company and entered real-estate development, insurance, investment
banking, and hotels. One of its best business ventures was the planning and
development of the Makati Central Business District, transforming it into a firstclass residential and commercial area.
Today, Ayala Corporation is one of the largest conglomerates operating in the
Philippines. The company has diverse business interests in real estate, banking,
telecommunications, electronics, information technology, water infrastructure
and management, and business process outsourcing.
January 6, 1997
Manila Water Company was incorporated. Manila Water became a legal entity
fully authorized to participate in biddings being conducted by the Metropolitan
Waterworks and Sewerage System.
January 19, 1990
Filipinas Foundation Inc. (FFI), which was founded by Col. Joseph R. McMicking and his wife Doña Mercedes Zobel de Ayala, was renamed Ayala
Foundation Inc. (AFI). The change symbolized the foundation’s stronger
commitment to serve the country with greater impact.
February 16, 1990
The groundbreaking ceremonies for the Cebu Business Park were held at the site
of the former Club Filipino de Cebu Golf Course. This was Cebu Holdings Inc.’s
first project.
A Vision of Philippine Art: Selections from
the Purita Kalaw-Ledesma Collection,
which opened on February 2, features
works by some of the biggest names in
Philippine art.
In presenting the collection, the KalawLedesma exhibit also tells the story of
modern Philippine art—as represented
by works from such early 20th-century
masters as Fabian de la Rosa and
Fernando Amorsolo, as well as the early
Modernist and Neo-Realist works of
Victorio Edades, Galo Ocampo,
H.R. Ocampo, Vicente Manansala,
A Page from Ayala History
Laughter
by Anita Magsaysay-Ho
Undated
Egg tempera on wood
APMC parking tickets now
made of recycled paper
The Ayala Property Management Corp. (APMC) is now using recycled
paper to print the tickets issued by its parking facilities. The use of recycled
paper was introduced in the last quarter of 2009, and is being implemented
by the APMC Car Parks group.
APMC said that using parking tickets made of recycled paper could help
save as many as 36 trees every year, and reduce annual carbon dioxide
emissions by 800 kg. The shift to recycled paper is cost-effective too. Each
booklet of parking tickets made of recycled materials costs P2.31 less than
ordinary parking tickets, translating to annual savings of over P200,000.
Ayala y Compañia’s managing partners in a meeting
held in 1960, eight years before the company was
renamed Ayala Corporation. In photo are (standing,
from left) Javier Nepomuceno, Alfredo Melian, Jaime
Velasquez, Jaime Zobel de Ayala, and Salvador
Lorayes, (seated, from left) Fernando Zobel, Alfonso
Zobel, Joseph McMicking, and Enrique Zobel
Feature
Members of Harana ng Kasarinlan (Trygve Bolante, Dondi Ong, Jonaf del Fierro, and Alex
Bite) sing classic Filipino love songs at the Ayala Triangle Gardens
livens up
Ayala Triangle Gardens
Ayala chairman emeritus
Jaime Zobel de Ayala
To celebrate the beauty and
artistry of Philippine love songs,
Jaime Zobel de Ayala, chairman
emeritus of Ayala Corporation,
hosted a special musical event
entitled Harana and Tea at the
newly opened Ayala Triangle
Gardens. Held in January, this
unique concert was organized
in cooperation with the Filipinas
Heritage Library (FHL).
ALI president Antonino Aquino (middle) with Ayala
Malls senior division manager Cathy Bengzon and
ALI senior vice president Marivic Añonuevo
Passersby relax under the trees to listen to some of the
greatest Filipino love songs of all time
BPI president Aurelio Montinola III with
composer Louie Ocampo and Rowell Santiago
BPI Family Savings Bank’s Alfonso Salcedo Jr.,
Globe president Ernest Cu, Ayala corporate
resources head John Philip Orbeta, and AC Capital
CEO Gerardo Ablaza and wife Lani Ablaza
Showcasing some of the most memorable
Filipino love songs from FHL’s Himig
Collection of over a thousand vintage vinyl
records, Harana and Tea featured the
voices of Harana ng Kasarinlan, a musical
group committed to the promotion of
traditional and contemporary Philippine
music all over the country and the world.
In his opening remarks, JZA said that
music is an important feature of Filipino
identity and heritage. Meanwhile, Dr.
Felipe de Leon Jr., an art studies professor
at the University of the Philippines Diliman,
delivered a brief lecture on Filipino music,
and what it says about Philippine culture
and history.
Guests and passersby relived the glory
days of the art of harana, when a man
expressed his love for a woman through
song. Among the pieces performed during
the event were such classics as Maalaala
Mo Kaya and Dahil Sa ‘Yo, as well as
such contemporary love songs as Louie
Ocampo’s Ikaw Lang ang Mamahalin and
Gary Granada’s Mabuti Pa Sila.
Harana and Tea was the first of a series of
cultural events called Bravo!: Celebrating
the Filipino, which aims to recognize
the achievements of Filipinos in art,
culture, and history. A collaborative effort
of the members of the Ayala group of
companies, Bravo! will also feature pocket
concerts, traveling exhibits, public art, and
other activities that aim to make Filipinos
see that art is an essential part of their
daily lives.
JZA with IMI president Arthur Tan
Ayala general counsel
and compliance officer
Solomon Hermosura
ALI’s Myrna Fernandez, Cora Dizon, Rowena
Tomeldan, Mei Mei Bauzon, and
Javi Hernandez
Ayala head of corporate strategy Eric
Francia (right) with (from left) Emi de
Lara, Tonette Valdez, Jan Siena, Becky
Paningbatan, Isuzu’s Rene Paningbatan,
and Nona Torres
Some members of the audience
come all the way from Malabon
after reading about Harana in
the broadsheets
Ayala Land Businesscapes’
Anna Garcia-Ramos and
husband Manolo Ramos
Prof. Felipe de Leon Jr.
delivers a brief lecture on
Filipino music
ALI senior architect Manny
Illana and engineer Arjay Flores
Bravo! Celebrating the Filipino
Events for March and April
Concert Featuring Cecile Licad
March 18, Greenbelt 5
March 20, TriNoma
March 21, Alabang Town Center
Filipina in Focus:
Fashion Presentation
April 23, Greenbelt
Exhibit
Begins April 23
FHL staff
Ayala’s Mau Barreiro and
FHL’s Ciela Cayton
FHL deputy director
Suzanne Yupangco
Songs for Every Filipino
April 29, Greenbelt
20
Cancer patients spend a day of
fun with celebrities at Timezone
BPI Cards offers special perks
for Ayala group employees
Some of the country’s leading singers joined young cancer patients and
their families for a day of fun and games at Timezone Glorietta 4.
The Bank of the Philippine
Islands (BPI) offers
exclusive privileges for
Ayala group employees who
Singer Zsa Zsa Padilla and
her daughter Karylle pose
with a cancer patient and
his mom
use BPI cards.
Permanent employees, for as long
as they are connected with the Ayala
group, do not have to pay the annual
membership fees. This offer applies
to holders of the BPI Express Credit
Classic, Blue MasterCard, Gold
MasterCard, Edge MasterCard, and
Petron–BPI MasterCard (except the
BPI–WorldPerks MasterCard). provides extra security in ensuring the
safety of a client’s regular credit card
number and credit line.
Ayala group employees are also
entitled to extend the benefits of
their BPI Express Credit cards to
their loved ones. BPI waives “for
life” the membership fee of the first
supplementary card, while annual
membership fees for succeeding
supplementary cards only cost half
as much as the regular cost. For more details, contact BPI sales
associate Mary Rose Quero at
898 9490 or mmquero@bpi.com.ph
Ayala group employees who use the
BPI Express Credit MasterCard may
also avail themselves of the e-Credit
Card, BPI’s internet shopping card, for
free. With a sub-limit and a different
credit card number, BPI e-Credit
(Right) Young celebrities
Gab Valenciano and
Rachelle Anne Go team up
with young patients for a
game of Speed Hockey
EVENTS
Event@Ayala Museum
A Vision of Philippine Art: Selections
from the Purita Kalaw-Ledesma Collection
Ongoing until May 3, 2010
Third floor galleries
For more information, please call 757 7117 to 21,
e-mail education@ayala museum.org, or visit
ayalamuseum.org
Banaklaot
by Vicente Manansala
1948
Oil on Canvas
Events@FHL
Digital 102: Going Beyond the Basics
March 9, 11, 16, 23, and 25
6–9 p.m.
Digital 101: Photography and the Computer
March 27 and 28
9 a.m.–5 p.m.
Baguio Travel Writing Workshop
Lecture: March 23, 6–9 p.m.
Tour: March 26, 27, and 28
Workshop: March 30, 6–9 p.m.
For more details, please call 892 1801, send an SMS to 0917 559 4417 and 0917 561
2413, or e-mail cruz.ct@ayalafoundation.org and cayton.gm@ayalafoundation.org, or
visit filipinaslibrary.org.ph
The Editorial Team
Publisher Victoria Garchitorena
Editor-in-Chief Maritoni Ortigas
Editorial Consultant Emi de Lara
Managing Editor Alex Gregorio
Deputy Managing Editor Paul de Guzman
Assistant Editor Janella Cacdac-Siena
Graphic Designer Izza Lambino
Advertising Manager Ciela Cayton
Advertising Assistant Anne Marie Alim
Photographer Jaime Martinez
Digital Imagist Jose Reginald Juanico
Correspondents
Ayala Aviation Jaime Peralta Jr.
Ayala Business Club Carole Guamen
Ayala Corporation Janella Cacdac-Siena
Ayala Foundation, Inc. Rose Raguindin
Ayala Land, Inc. Jorge Miguel T. Marco
Ayala Property Management Corp. Christine Lim-Siruelo
Ayala Systems Technology, Inc. Genesis Bautista
Bank of the Philippine Islands Reena Dungca
Globe Telecom Marigold Endriga
Honda Cars Makati, Inc. Monina Macavinta
HRMall, Inc. Gabby Mejia
Integrated Microelectronics, Inc. Fred Blancas
Isuzu Automotive Dealership, Inc. Monette Gaela
Manila Water Company Carla May Beriña-Kim
Timezone Ana Cardenas-Benitez
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IMI lists on PSE by way of introduction

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