December 2014 Issue

THE OFFICIAL PUBLICATION OF THE AYALA GROUP OF COMPANIES
Volume 18 No 2 JULY - DECEMBER 2014
The annual Festival of Lights at Ayala Triangle Gardens is hailed by Conde Nast Traveler
in its list of “Spectacular Christmas Lights Around the World”
INSIDE
Globe sets a
new standard
in retail
experience
Exciting, unexpected, experiential.
AYALA BEATS @ 180
• 10 •
The new, third-generation Globe Stores
promise to bring a world-class and
innovative retail experience to mobile
service customers in the Philippines.
Designed by Tim Kobe, founder and CEO
of Eight Inc and notable for his work on
the Apple Store in New York, the Globe
GEN3 Stores are now among the world’s
iconic digital lifestyle stores.
To page 5
LRMC wins LRT Line 1
concession and extension
Light Rail Manila Corporation signed
the concession agreement for
the Light Rail Transit Line 1
•3•
Ayala energy unit on track
to meet 1,000-MW target
AC Energy announced
the completion of several
power generation projects
•4•
Ayala and Mitsubishi celebrate
40 years of partnership
In 1974, two respected conglomerates
agreed to jointly explore investment
opportunities in the Philippines
•7•
Ayala wins IMD-Lombard Odier
Global Family Business Award
Ayala Corporation was awarded
the 19th Annual IMD-Lombard Odier
Global Family Business Award
•9•
One Ayala holds
“Paskong Pinoy” in HK
AC, Ayala Land, BPI, and Globe
showed marketing synergy in
reaching out to overseas Filipinos
• 15 •
IMI completes public
offering of shares
Integrated Micro-Electronics Inc, one of the leading providers of electronics
manufacturing services (EMS) in the world, completed its public offering on the
Philippine Stock Exchange on December 5. “We’re very proud to have completed our offer successfully, especially with strong
interest and support from the investment community,” said IMI President and CEO
Arthur Tan.
The company listed 215,000,000 common shares at an offer price of P7.50 per share.
IMI intends to use the net proceeds from the offer for capital expenditure, business
expansion, refinancing of debt and general corporate purposes.
IMI Chairman Jaime Augusto Zobel de Ayala said, “IMI has come a long way since
its listing by way of introduction in 2010. In the past four years, its operations and
revenues have steadily increased, boosting its position as a global manufacturing pillar
for the Ayala group.” Tan added that the company is now focused on high-growth, nontraditional products “with high-quality requirements and opportunities for customization such as
those found in automotive, telecommunications infrastructure, industrial, and medical electronics markets.”
IMI earlier reported that its nine-month revenues expanded 19 percent to $650.1 million, resulting in a surge in the nine-month net income to $21.0 million in 2014.
BPI Capital Corporation served as the book runner, issue manager and lead underwriter for the public offer, with Investment & Capital Corporation of the
Philippines and SB Capital Investment Corporation as participating underwriters.
Ayala’s $300M
Exchangeable Bond is
Best Philippines Deal
AC supports Ayala Land’s
equity placement
Ayala assisted its real estate unit in raising funds
through a placement of 484,848,500 common
shares at a price of P33.00 per share in January
2015. The placement was conducted via a bookbuilt
offering structured as a top-up placement. All the
proceeds were received by Ayala Land.
Ayala’s $300 million bond was offered in May and
was exchangeable into common shares of Ayala
It was the first equity-linked international issuance
by a Philippine issuer since 2012. It also achieved
the lowest cost of financing across Asia ex-Japan
in 2014. Goldman Sachs International acted as the
sole international bookrunner of the offering and
BPI Capital acted as sole domestic lead manager.
On this page are other significant stock exchange
listings by Ayala companies in 2014 and early 2015.
$275M top-up placement and
P13.5B AC Preferreds
P10B Globe Perpetual
Preferred Shares
BPI’s P25B stock rights offering
Ayala raised $275 million from the sale of common
shares through top-up placement in November.
Proceeds were earmarked for investments in power
and infrastructure. The sale followed the successful
re-issuance and offer of Preferred Class “B” Series 2
Shares that raised P13.5 billion for the parent company.
Globe held a bell-ringing ceremony at the PSE
on August 22 for successfully raising P10 billion
from the issuance of its Series A Non-voting
Perpetual Preferred Shares. Both the offering
and oversubscription option were fully
subscribed.
The stock rights offer concluded in January 2014
was the largest capital markets transaction in
the bank’s history. BPI President and CEO Cezar
Consing expressed gratitude to shareholders
for the “overwhelming vote of confidence in the
bank’s ability to execute on its growth strategy.”
FinanceAsia, the region’s leading financial
publishing company has cited Ayala’s $300
million bond exchangeable into Ayala Land
shares as the Best Philippines Deal of 2014.
2
Land. Bearing interest at the rate of 0.50 percent
per year, payable semiannually, the bond will
mature in 2019, with a three-year investor put
option and a three-year issue call option subject
to a 130-percent hurdle. Net proceeds of the issue
were used for general corporate purposes.
Vol 18 • No 2 • 2014
The equity placement was expected to raise
P16 billion in proceeds to be used for Ayala Land’s
expansion projects. Ayala Land has set aside
P100 billion in planned capital expenditure this year.
LRMC wins LRT Line 1 concession and extension
INFRASTRUCTURE
MCX to open in 1Q 2015
The Muntinlupa-Cavite Expressway,
formerly known as the Daang HariSLEX Connector Road, is scheduled
to complete construction and open
within the first quarter of 2015.
Ayala invested around P2.2 billion
in the project and will operate and
maintain the road for 30 years.
Light Rail Manila Corporation has won the
operations and maintenance project for the
existing Light Rail Transit Line 1 and will soon
extend the commuter rail from its present endpoint in Baclaran, Manila, to Bacoor, Cavite.
LRMC was formally awarded the P65-billion
project by the Department of Transportation
and Communications and the Light Rail Transit
Authority with the signing of the 32-year
concession agreement on October 2, 2014.
The consortium of Metro Pacific Light Rail
Corporation, AC Infrastructure Holdings
Corporation, and the Philippine Investment
Alliance for Infrastructure’s Macquarie
Infrastructure Holdings (Philippines) submitted
the lone bid with a premium of P9.35 billion.
LRMC will invest P35 billion in the project.
The extended rail line, with a total of eight
new stations, is envisioned to help ease the
worsening traffic conditions in the Parañaque-Las
Piñas-Cavite corridor. It is also expected to enhance
commercial development around the rail stations.
LRMC has forged partnerships with three leading
French companies to deliver a world-class rail
transit system.
The concession agreement was signed by MPIC
President and CEO Jose Ma. K. Lim, AC Infra President
and CEO John Eric Francia, DOTC Sec. Joseph Emilio
Abaya, witnessed by MPIC Chairman Manuel V.
Pangilinan, Ayala President and COO Fernando
Zobel de Ayala, MIRA Managing Director Michael
Rodriguez, Public-Private Partnership Center
Executive Director Cosette Canilao, DOTC Asst
Secretary Jaime Fortunato Caringal, DOTC USec Edwin
Lopez, and LRTA Administrator Honorito Chaneco.
This is the third PPP project won by Ayala. LRMC,
DOTC, and LRTA are expected to complete certain
requirements and obligations before LRMC
officially takes over the existing operations.
Water concessions get welcome news
Water rates in the East Zone were adjusted starting January 5, 2015, as the Metropolitan Waterworks and
Sewerage System approved a 1.32 percent increase in the basic charge or equivalent to P0.36 per cubic
meter due to the Foreign Currency Differential Adjustment.
With the new FCDA, residential customers consuming 20 cubic meters per month will pay P10 more
from P297.08 to P306.99 while those consuming 30 cubic meters per month will be billed an additional
P20 per month from –P–604.99 to P625.23. Low-income residential customers are exempt from the
adjustment and will continue to pay the “lifeline rate” of P83.14 per month.
Clark Water to infuse P3.93B until 2040
Clark Development Corporation has extended Clark Water’s concession by 15 years. The sole water and used
water services provider of the Clark Freeport and Special Economic Zones pledged to invest P3.93 billion
until 2040, a quarter of which will be expended within the first four years. Improvements in water facilities is
seen to promote the Freeport Zone as an ideal business hub for multinational companies.
Laguna Water cited as environmental partner
For its role in community awareness and engagement in maintaining a sustainable environment, Laguna Water
was recognized as Sta. Rosa’s environmental partner during the 10th anniversary celebration of its cityhood.
Laguna Water is also expected to be involved in the city’s Adopt-a-River Program.
P800-million loan for Cebu Bulk Water Supply Project inked
The Cebu Bulk Water Supply project, created by a joint investment agreement between the Provincial
Government of Cebu and the Manila Water Consortium, received support from the Philippine Water
Revolving Fund by way of an P800 million loan funded by the Development Bank of the Philippines and
the Japan International Cooperation Agency. The project is the first large-scale surface water project
in the province.
MCX is expected to relieve traffic
congestion along Daang Hari Road
and Commerce Avenue and give
commuters from Molino and Bacoor
faster and easier access to the South
Luzon Expressway.
A VITAL
COMPONENT
“The LRT Line 1 is a vital
component of our city’s
transport network that will
help ease the pressures
brought about by the
increasing development
around the city. As we
assume the responsibility
for the operations of the
train line, we hope to be able
to deliver in due time a much
improved riding experience
that is safe and efficient for
our daily rail commuters.”
FZA
LRT 1 CONCESSION
AGREEMENT SIGNING
October 2, 2014
Globe expands LTE in VisMin
In September in Lahug, Cebu,
Globe activated the first site
of its mobile ultra-broadband
infrastructure in Visayas and
Mindanao.
The activation followed the
signing of the partnership
between Globe and Alcatel Lucent
in Paris, France.
Vol 18 • No 2 • 2014
3
POWER
GNPK secures
financing for construction
GN Power Kauswagan, a
limited partnership owned by
AC Energy, the PINAI fund,
and Power Partners Ltd Co,
signed in December definitive
documentation for the financing
to commence phased construction
of a 4 x 135MW coal-fired power
plant in Lanao del Norte. The
plant will alleviate the tight power
supply in Mindanao when it begins
operation in 2017.
AC Energy is also involved in the
development of a 2 x 600MW
power plant in Bataan beside
the existing GN Power Mariveles
plant, which is 17 percent owned
by AC Energy. The new power
plant has yet to achieve financial
close, which is targeted in 2015.
Ayala energy unit on track
to meet 1,000-MW target
AC Energy Holdings Inc now has attributable capacity of over 700 megawatts from both renewable
and conventional power sources, the company announced in January 2015. This brings it closer to its
2016 goal of reaching 1,000 MW attributable capacity of power plants that are operational or under
construction. (See related stories on this page)
AC Energy’s wind farm projects reached completion in 2014. Its investee company, Northwind Power
Development Corporation, completed its 19-MW wind expansion project in Bangui, Ilocos Norte
on October 10, bringing its total capacity to 52MW. The Department of Energy has since issued a
Certificate of Endorsement for Feed-in-Tariff for the expansion.
On November 11, its affiliate North Luzon Renewable Energy Corp completed an 81-MW wind farm in
Pagudpud. This wind project, which consists of 27 turbines supplied by German manufacturer
Siemens, has likewise since been operational.
Combined, Northwind and NLREC put AC Energy’s total wind power capacity at 133 MW.
SLTEC to begin
commercial operations
The first unit of a 2 x 135 MW
coal-fired power plant in Calaca,
Batangas under South Luzon
Thermal Energy Corporation is
scheduled to start commercial
operations in the first quarter of
2015.
The second 135 MW unit of the plant
is currently under construction
and expected to be complete by
the end of the year. SLTEC is a joint
venture with Trans-Asia Oil and
Development Corp.
QualiMed’s competent medical team and
advanced medical technologies provide
inexpensive quality health care
Ayala Land, Mercado
launch QualiMed
“We hope these power
generation assets will help
augment the country’s power
requirements. In the past three
years Ayala has committed
over US$700 million in equity
to build much needed base
load capacity and to develop
renewable energy sources.”
John Eric Francia
AC Energy President and CEO
4
Vol 18 • No 2 • 2014
President Benigno Simeon Aquino III witnessed the contract signing
ceremony led by FZA and Siemens (Philippines) President and CEO
Jorel Nuyda held September 26 in Berlin, Germany, to affirm the
partnership between QualiMed and Siemens
Less than a year after its launch, the QualiMed
Health Network has rapidly grown to provide
quality medical care to more Filipinos.
broad C market. Services are offered at 30 to
40 percent less than premium hospitals.
The healthcare chain is jointly developed by Ayala
Land and Mercado General Hospital Inc which
has close to 60 years of experience in the sector.
QualiMed now operates a hospital at the Ayala Atria
Park in Iloilo City and surgery centers in Manila and
at Fairview Terraces in Quezon City, in addition to
its first satellite clinic in TriNoma.
According to David San Pedro, head of Ayala Land
Corporate Planning and International Business
Development, the investment in healthcare
completes the basic services that the company
provides to its communities. QualiMed will soon
open in Nuvali, Laguna, North Point Negros,
Altaraza Bulacan as well as clinics in other Ayala
Malls and mixed-use communities.
QualiMed plans to build two hospitals and surgery
centers and two multi-specialty clinics every year
until 2019. The facilities seek to provide accessible,
affordable, and appropriate healthcare to the
The venture also presents Ayala Land the opportunity
to make its mark in the sector. Says San Pedro:
“We can deliver a different type of healthcare at an
affordable price.”
Globe sets a new standard in retail experience
From page 1
Kobe on the
Globe GEN3 experience
The new stores opened simultaneously in SM North EDSA and in Limketkai Mall in Cagayan de Oro City
on December 15, led in Manila by JAZA, Globe President and CEO Ernest Cu, SingTel Group CEO Chua Sock
Koong, and SMM EDD Corporation Vice President Hans Sy Jr.
Eight Inc is a strategic design firm known
Said Cu, “Globe is proud to bring to Filipino consumers another world-standard differentiated experience. Our
passion for our customers inspires us to end the year on a high note by bringing innovation a notch higher in
our stores, one of our key customer touch points, allowing us to truly empower our customers’ digital lifestyles.”
among others. Tim Kobe shares his design
Delighting customers, fueling passion
The Globe GEN3 Stores are all about interaction. There are distinct lifestyle zones for customers to
experience and enjoy. The latest mobile and broadband devices and apps are presented not simply as
products but as connected solutions that support a complete digital lifestyle.
Customers looking to buy a gadget, choose a plan, or pay a bill, will find many ways to complete their
transaction. There are self-service tools, video hotlines with customer representatives, a Play Bar where
customers can be guided by store staff on how to use a device or app, and interactive product displays.
for the transformation of Apple Stores, and
similar work with Nokia, Coach, Virgin Atlantic
Airways, Nike, Coke, Shimano, and Citibank,
philosophy for the Globe GEN3 Stores.
“Design and great user experience
is a core strength at Globe. It means
the things that matter to you are
things that matter to Globe.
Retail is one touch point where
brands build relationships and sell
products and services. It is important
today to have a place to demonstrate
what you stand for.
Globe senior leaders and partners with Tim Kobe (fifth from left) and JAZA tour the new Globe GEN3 store; Ernest Cu
tries the customer video hotline; Ross Capilli and other visual artists lend a creative touch to the simultaneous launches
in Quezon City and Cagayan de Oro City
Explained Joe Caliro, head of Retail Transformation and Management: “The concept and design of the
GEN3 Stores have undergone intense research and consultation with the world’s top-notch designers and
architecture experts. We are inviting customers to explore and be inspired by the stores’ four zones—
music, entertainment, productivity, and life—so they can fully enjoy a wonderful world.”
The Globe GEN3 Stores seek to further engage and delight customers by fueling their passion in these four
areas. Vignettes of people who are blazing new trails in their respective art, community, and technology
spaces are shared. For the first quarter of 2015, with music as the main theme, Globe GEN3 will feature
four of the coolest DJs of this generation: DJ Badkiss, Callum David, Mars Miranda, and Eric Capilli.
“Black Box” inspired
As inspiration, Kobe mentioned the “black box,” a theatrical reference to a flexible space for inspiring
people’s imagination. “We know that this meant it could not be like any other telecom store. This meant we
needed to create a communications space where storytelling was a core attribute of the experience. It was
a fundamental shift from traditional retail presentations of products and services to stories of what I can
do, dream about, and create with technology,” said Kobe.
Leading up to the launch of its GEN3 stores, Globe collaborated with homegrown talent to take part
in its biggest retail transformation project. Led by multi-awarded artist Ross Capili, the artists turned
their design inspirations into live art galleries that showcased murals exhibiting Globe’s brilliant vision,
complementing the look, feel, and experience of its GEN3 Stores.
In 2015, Globe will change more of its existing stores into GEN3 Stores to bring this unique and gamechanging retail experience to more Filipinos.
The new Globe experience is
a paradigm shift for
telecommunications companies.
The space is dynamic... There
will still be a service point. You
come in and if you want to make a
transaction, you log in and enjoy the
space and explore things. We’ve taken
away the lines.
I see Globe as becoming more
essential to its customers by
becoming closer and more relevant.
If you can connect with people with a
meaningful story, you engage them.
If we’re being generous with helping
people be successful, the respect and
love for the brand will continue to grow.
We really want to empower people.”
Vol 18 • No 2 • 2014
5
GLOBAL ROUNDUP
Globe opens first international
retail store in Milan
Ernest Cu, the Philippine Consul
General to Milan Marichu
Mauro, and Globe Mobilé Italy
General Manager Eugenio
Barbieri, together with Globe
executives, opened the Globe
Store in Milan, Italy, the company’s
first commercial establishment
overseas. The city of Milan is home
to a third of the
200,000-strong
overseas Filipino
community in Italy.
IMI Bulgaria is a “True Leader”
ICAP Bulgaria, a member of the
largest business information and
consulting group in Southeastern
Europe, acknowledged IMI
Bulgaria as among the nation’s
top companies with a True Leader
Award.
Recognized as a “credit rating
agency” by the European Securities
and Markets Authority, ICAP
Bulgaria selects companies on the
basis of profitability, increase in
personnel, high credit-worthiness
(ICAP credit score of B2 to A1), and
leadership in industry.
IQ BackOffice moves
to new site in Chennai
IQ Back Office, a leading global
accounting and human resources
outsourcer, opened a new office in
Ambattur, Chennai in India.
The new, custom-designed space
doubles the company’s capacity to
address increased client demands.
The Chennai office’s 350 employees
deliver customized solutions to
global clients and services such as
accounts payable and receivable,
payroll, and HR.
6
Vol 18 • No 2 • 2014
Alviera to create
new growth hub
in Central Luzon
Alviera, a new 1,125-hectare masterplanned community launched in
September, is envisioned to catapult
Porac, Pampanga as the new
growth center and a major hub for
commercial and business activity in
Central Luzon.
Jointly developed by Ayala Land and
Leonio Land, Alviera is their first
large-scale estate development in the
region. The first phase will include a
PEZA-registered industrial park, two
universities, residential communities, and a country club. It will entail an investment of P8 billion over three
years and will generate about 5,000 new jobs as it begins development.
Over the next 20 years, Alviera will enhance quality of living in the region by creating a community with
about 20,000 office and industrial workers, 65,000 residents, and 20,000 students.
Local businesses with products for export have already expressed interest in locating to the 30-hectare
Alviera Industrial Park. Moreover, all three residential brands—Ayala Land Premier, Alveo Land, and Avida
Land—will develop communities for their specific markets. Holy Angel University, Pampanga’s largest
university, and Miriam College will be the first educational institutions in Alviera. There will also be a mall,
office buildings, hotel, hospital, transport terminal, and parks later in the development.
Explains Meean Dy, head of Strategic Landbank Management: “We are known for creating communities
that become thriving economic centers in their respective regions. These growth centers serve as platforms for
our various product offerings, integrating into thriving communities that generate value over time.”
Ayala Auto opens three new
showrooms in the Visayas
Ayala Automotive Holdings Corporation celebrated
triple milestones in growing its network of dealerships
in the Visayas region.
In early 2014, Honda Cars Cebu welcomed customers
to its new home in the North Reclamation Area of
Cebu City. The new dealership has improved and larger
facilities, including state-of-the-art service areas.
Isuzu Cebu Inc opened its newly reconstructed
showroom in Tagbilaran City, Bohol on September
25, with the all-new Isuzu MU-X leading its fleet. The
opening of the showroom, which coincided with the
branch’s sixth anniversary, was the latest business
development of the Ayala group to help spur economic
activity in Bohol a year after the earthquake.
Then on September 26, Iconic Dealership Inc inaugurated its flagship Volkswagen showroom in the Visayas.
Volkswagen Cebu is also located in Cebu City’s North Reclamation Area, a rising commercial and business
district. The event also introduced the much-anticipated VW Golf GTI.
“Cebu has always been cosmopolitan and at the forefront of innovation. Hence, it only makes sense that we
open our second dealership in the automotive row of Cebu City. Not only will it cater to discerning Cebuanos, it
will also serve as the hub for the entire Visayas region,” said Ayala Auto Chairman and President JP Orbeta.
Ayala and Mitsubishi Corporation celebrate
40 years of partnership
In 1974, Ayala Corporation and Mitsubishi Corporation—two respected conglomerates with a long history
of contributing to the development of their country’s economies—agreed to jointly explore investment
opportunities in the Philippines. The business relationship they started would be strengthened over time,
leading to successful investments in automotive dealerships, industrial estate development, electronics
manufacturing, and water infrastructure, among others.
As the business relationship and the cultural affinity grew stronger, this partnership has become an enduring
corporate kinship.
In 2014, as Ayala commemorated its 180th year, the two conglomerates marked the 40th year of their
cooperation, celebrating the occasion in November in Tokyo, Japan.
GLOBAL ROUNDUP
Integreon expands its
business in India
Integreon moved to a new delivery
center in Noida, India, to better
provide clients with its awardwinning service offerings in
integrated legal, document, research,
and business support solutions.
The new center doubles Integreon’s
capacity in the Noida (NCR) region,
allowing Integreon to build on
its successes in the legal services
market. The India Law Business
Journal named Integreon as “LPO
of the Year” in 2013, after years of
top ranking.
With delivery centers in Mumbai
and Noida, Integreon is well
positioned to continue to lead
markets in the delivery of its
services from India.
IMI China donates equipment to
vocational schools
Two vocational schools in Chengdu
and Chongqing received in October
a complete line of secondhand
surface mount technology (SMT)
equipment from IMI China. The
equipment donation as well as
on-the-job training are part of the
company’s strategic partnership with
vocational schools to raise the skills of
technicians for IMI’s factories.
Ayala Land widens US reach
from ‘coast to coast’
Ayala Land expanded its reach for
sales and customer service as its
first US-based permanent office
marked its second year in 2014.
Ayala Land’s first sales and
customer service office in the US is
located at the Seasons MarketPlace,
a Filipino lifestyle center in Milpitas,
situated within the Silicon Valley
region in California. Milpitas has the
largest concentration of Filipinos in
Northern California.
To better serve Filipinos living and
working in urban centers around
Milpitas, Ayala Land set up a
downtown office at the Philippine
Consulate Building and another
satellite office in California. The
company is also looking at opening
a full office in New York.
Vol 18 • No 2 • 2014
7
JAZA receives
RVR Award
for Nation
Building
BENCHMARK
Ayala companies
win PSE Bell Awards
Three of the five awardees of
the 2014 PSE Bell Awards held
November 10 were companies in
the Ayala group. Manila Water,
Ayala Land, and Cebu Holdings were
named among listed companies
that practice exemplary good
governance. Manila Water has won
three times since PSE launched the
recognition program in 2012.
JAZA received the 2014 Ramon V. del
Rosario Sr Award for Nation Building
from the Junior Chamber International
Manila and the Asian Institute of
Management RVR Center for Social
Responsibility.
The award, named for JCI Manila’s
founding president and founding
trustee of AIM, is given to individuals
who exemplify outstanding corporate citizenship and commitment to nation building.
JAZA was honored at a program held August 18 at the Philamlife Tower Club. The event was attended by
members of the academe and private sector, including the management and boards of the Ayala group.
Ayala Land is best for
sustainability
Ayala Land distinguished itself
by being a winner at the first
Sustainable Business Awards
- Philippines, organized by
Singapore-based Global Initiatives.
Urban and Regional Planning
Head Art Corpuz and Sustainability
Manager Anna Maria Gonzales
received the award in July.
In September, Ayala Land was
included anew in the Dow Jones
Sustainability Index, the only
Philippine company and one of five
real estate companies from emerging
markets to be included in the list.
BPI is the best retail bank
in the Philippines
The Asian Banker named BPI as the
Best Retail Bank in the Philippines
at the 13th Excellence in Retail
Financial Services Awards in 2014.
The award program is considered
as one of the most rigorous,
prestigious, and transparent for its
comprehensive assessment of the
retail financial services industry
in Asia Pacific, Central Asia, Middle
East, and Africa.
Meanwhile, BPI’s My ePrepaid
Mastercard, a reloadable prepaid
card that has been lauded for opening
the e-commerce industry to a more
diverse set of digital customers, was
also named Best Payments Product.
8
Vol 18 • No 2 • 2014
Phinma President Ramon del Rosario Jr was not part of the panel of judges for the award, but he is a
member of Ayala’s board of directors. “This has given me good opportunity to watch them closely,” he
said. “They run their businesses with the highest levels of ethics and good governance. They always
rank among the top as a company and as a group.”
For 180 years, Ayala’s investments have spurred the growth of Philippine industries as well as
local and national economy. Commitment to nation building remains a core value of the company.
Said JAZA: “We, as businesses, need to collaborate and work across sectors to define where we
can carve out unique strengths and capabilities that will allow us to thrive in an increasingly
interconnected and interdependent world. All of this becomes next to impossible without an
educated, progressive society that can work efficiently, live comfortably in safety and peace, and
create wealth across all spectrums of our country to keep the cycle of progress alive.”
Manila Water joins elite
list of Global Growth
Companies
Ayala Land is
Frost and Sullivan’s
Builder of the Year
Manila Water achieved another significant milestone
in 2014 as it gained recognition for being one of 20
Global Growth Companies in East Asia, as selected by
the World Economic Forum.
Recognizing Ayala Land’s positive social and economic
impact on local communities and the nation by
successfully incorporating “green technology” in all its
projects, global growth consulting firm Frost and Sullivan
named it Builder of the Year in the Philippines Excellence
Awards held July 17.
The award was doubly significant for Metro Manila’s
East Zone concessionaire as it was the only Philippine
company included in the prestigious list. WEF describes
GGCs as “fast-growing companies with the clear
potential to become global economic leaders.”
“When choosing entrants, we assess companies on
their business model, annual revenues and growth
rates, executive leadership, and market position,” shared
David Aikman, WEF managing director. “Manila Water
is a dynamic company with clear potential to shape the
future in its relevant business sectors and so is a perfect
fit to our GGC community.”
The Philippines Builder of the Year Award is presented to
the company that exhibits excellence in growth strategy
and implementation, degree of innovation with new
products and technologies, leadership in customer
value, and market penetration.
Similarly, in February, the company was conferred the
2014 Green Luminary Award by Channel News Asia for
promoting and integrating environmental sustainability
in its projects. The award is given to the Asian company
that leads in employing green practices in its business.
Ayala wins
IMD-Lombard
Odier Global Family
Business Award
BENCHMARK
Ayala Land is Real Estate
Developer of the Year
Ayala Land won the highest award as
the region’s Real Estate Developer of
the Year at the 2014 South East Asia
Property Awards.
The award program selects the best
companies in Southeast Asia’s real
estate industry, highlighting top-tier
developers, projects, and services all
over the region. Ayala Land bested
leading companies from Thailand,
Malaysia, Vietnam, Indonesia, and
Singapore.
Ayala was awarded the 19th Annual IMD-Lombard
Odier Global Family Business Award at the 25th
Summit of the Family Business Network International
held October 16 in Dubai.
Given by IMD, a top-ranked global business school based in Switzerland, and Lombard Odier, one of the
most respected private banks in Europe, this prize is regarded as the most prestigious recognition for
successful family businesses. It recognizes the way in which multi-generational families separately manage
the interests of their families and businesses, combining tradition and innovation while demonstrating a
clear commitment to the social and civic responsibilities of their community.
Ayala Land President Bobby O. Dy
received the award on October 16 in
Singapore.
“The Ayala story is close to two centuries old, and is both fascinating and impressive,” said IMD
President Dominique Turpin. “Over seven generations, this company has provided numerous lessons
for other family businesses to learn from, in particular the importance of long-term vision, a broader
social awareness and an ability to adapt. I warmly congratulate Ayala on winning this year’s award.”
Thierry Lombard, FBN-I chairman and managing partner of the Lombard Odier Group noted, “This
award highlights the vital contribution that family businesses like Ayala make to the global economy.
We want to recognize an outstanding company operating according to the very best practices and
offering inspiration to its peers. Ayala’s exceptional standards show just what family businesses are
capable of.”
FZA, together with several sisters and their spouses were present in Dubai to receive the award. In a
joint statement on behalf of the family, JAZA and FZA said: “We are absolutely delighted and honored
to be the recipients of the IMD-Lombard Odier Global Family Business Award for 2014. As we celebrate
our 180th anniversary this year, we share this award with the many generations of exceptional
executives, board members, and family members that have led the company over the years.”
Text2Teach wins
Asia’s Gold Standard
Award for PPP
Manila Water is
Be Inspired’s
Best for Innovation
The mobile education intervention Text2Teach won the
Gold Standard Award for Public Private Partnerships,
in ceremonies held December 5 in Hong Kong.
Manila Water bested 31 companies from eight
countries to place first in Innovation in Water,
Wastewater, and Stormwater Network Modelling and
Analysis at the 2014 Be Inspired Awards.
Given by Public Affairs Asia, the award recognized
Text2Teach’s success in implementing an innovative
education project that harnesses the strengths of
business, government, and nonprofit sectors.
Started in 2003, Text2Teach counts Globe and Ayala
Foundation among its lead proponents. In 2015, it is
poised for mainstreaming into the public elementary
school system, with a target reach of over 38,000
schools and 3 to 4 million students every year.
Text2Teach was also a finalist for the Gold Standard
Award for Stakeholder Engagement, for its partnership
with the City Government of Silay, Negros Occidental.
Since 2004, Be Inspired has recognized the world’s
outstanding infrastructure projects. The award aims
to advance innovation and best practices in design,
engineering, construction, operations and project delivery.
It is sponsored by Bentley Systems, the leading company
providing software solutions for sustaining infrastructure.
Manila Water won for its Marikina North Project
wastewater network sewer modelling entry, cited as
“inspirational for its leading edge recognition of water
related issues in their city.” As part of the recognition,
a $1,000 charitable donation was made in Manila
Water’s name.
Ayala tops ranking of best
managed, governed companies
On its 180th year, Ayala continues
to reap awards for management
excellence.
FinanceAsia named Ayala the
country’s best managed company
in its 14th annual poll published in
March 2014. Ayala also clinched the
top spot for corporate governance
and corporate social responsibility
and ranked a close second for
investor relations. JAZA and Tony
Aquino were recognized among
the best Philippine CEOs and Ayala
Land’s Jaime Ysmael was also
named among best CFOs.
IMI is among top
global EMS providers
IMI ranked 21st in the 2014 list of
Top 50 electronics manufacturing
services providers in the world,
according to Manufacturing Market
Insider. The list is based on 2013
revenues, of which IMI recorded one
of the highest growth rates among
global EMS companies.
Vol 18 • No 2 • 2014
9
Ayala Beats @ 180
Employees and executives from the Ayala group gathered at Ayala
Triangle Gardens on December 5 to celebrate Ayala’s 180th founding
anniversary with a grand Christmas party.
Called Ayala Beats @ 180, the event featured thematic dance and
musical presentations by Ayala companies celebrating the historical eras
throughout which Ayala has helped shaped the nation. The last time the
entire Ayala group gathered to celebrate Christmas was in 1976.
Employees enjoyed the streetdance competition, the awarding of
the 2014 JZA Cup to Ayala Land, interactive exhibits including a giant
Christmas card from Ayala Corporation Chairman Emeritus Jaime Zobel
de Ayala, game booths as well as a Mercato-style food park using a
commemorative debit card. JAZA, FZA, and Ayala group CEOs presented
the major raffle prizes to winning employees.
The program closed with a rendition of “Sigaw Ayala”, the winning entry of
BPI’s Bas Cadelina in the search for an Ayala hymn and sung by a choir of
180 employees from across the group.
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Vol 18 • No 2 • 2014
Vol 18 • No 2 • 2014
11
Sparking
innovation
in Ayala
Ignite curiosity and different thinking. Incite
discourse and debate. Inspire long-term
vision. Kindle new collaborations. Create new
possibilities. With these goals in mind, nearly
200 executives from Ayala companies gathered
for the conglomerate’s first Innovation Day held
August 18 at the Mind Museum.
Called “Spark*”, the event also kicked off a
yearlong series of activities aimed at fostering
innovation in the group.
Ayala group CEOs discussed how they perceived
disruption in their industries, and how they plan to
respond. Participants listened to and engaged in
discussions with innovation thought leaders and
practitioners. Experts from Innosight explained
the findings of the Disruptive Change Readiness
Study. Start-up founders of Kickstart discussed
how they innovate very quickly.
Peers in BPI, Globe, and Manila Water shared how
challenging—but also how necessary—it is to
innovate even among successful companies. Ideas
from participants were welcomed via post-it notes
on the “Ayala Future Wall.”
Kickstart Ventures President Minette Navarrete and startup founders share insights; JAZA underscores the
importance of innovation for competitiveness; company leaders listen to innovation experts and practitioners;
CEOs talk about responding to and anticipating disruptions in their respective industries
Sustainability Summit focuses
on creating shared value
The Ayala group held its 4th Sustainability Summit on October 13
at InterContinental Manila, with close to 300 officers from all
of Ayala’s line of business, led by their CEOs, CFOs, and Chief
Risk Officers.
The 2014 summit featured a panel discussion with Ayala group
CEOs and talks by Incite South Africa Director Nicola Robins,
Nielsen Philippines Executive Director Carole Ann Sarthou,
and Unilever Philippines Chairman and CEO Rohit Jawa.
The event launched Ayala’s 5th sustainability report, which
introduces the 360º Sustainability Framework to shape the
group’s business and sustainability agenda. The 2013 report is
the first conglomerate report in the Philippines to use the Global
Reporting Initiative G4 framework.
As part of the summit, a My Fair Share bazaar was once again
organized in support of community partners of Ayala companies.
Globe also collected electronic wastes such as cellphones,
batteries, and chargers as part of its Project 1 Phone, a recycling
program that also aims to rebuild schools in Aklan.
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Vol 18 • No 2 • 2014
Ayala CFO and Chief Risk Officer Chito Gonzalez opens the summit; The 2013 Ayala Sustainability
Report follows GRI G4 guidelines; Nicola Robins conducts a mini-workshop for CEOs; Merchant
partners from communities supported by Ayala companies showcase their products
Idea’Yala brings innovative
mall ideas to life
Idea’Yala, Ayala Malls’ inspiring new competition, reached its peak on October 24
when its final five teams of young innovators went to Anvaya Cove to present
their final pitches to a panel of industry experts.
Of the 175 teams that applied, Team “Barkadayala,” composed of five students
from the University of the Philippines-Diliman, emerged as the winner. Their
concept was a customer-service tool that will make the mall experience livelier,
more efficient, and more meaningful for the youth.
Created by Ayala Malls and co-founded by Paloma U. Zobel, Idea’Yala invited
young individuals in the Philippines to develop design concepts that will define
the “mall of the future”—one that is sustainable, market inclusive, and with the
potential to address social and environmental concerns.
The competition, launched September 9 at the Glorietta Activity Center, challenged
the youth to imagine innovative mall experiences that go beyond established
business or market assumptions, and turn them into viable entrepreneurial
and design solutions. These could be in the form of mall enhancements such as
new concepts for retail, dining, and entertainment, or ideas for sustainable mall
development that Ayala Malls can then implement.
Mentoring was an important aspect of the competition. Shortlisted teams
participated in workshops with young mavericks Dan Matutina, Tal de Guzman,
Anne Enriquez and Louie Poco, Katrina Razon, Atom Araullo, and Carlo Katigbak.
Other speakers and mentors were Ayala’s corporate strategy associates Mariana
Zobel and Jaime Urquijo, TED Talks fellow Juliette LeMontagne, Google’s Alex de Leon,
Samsung’s Chris Concepcion, TBWA’s Melvin Mangada, Kickstarter’s Christian Besler
and Patch Dulay. VJ and actor Robi Domingo and volleyball star Gretchen Ho joined
them during the caravans’ series of pep talks.
JZA, Paloma Zobel, Mariana Zobel, and other mentors lead the launch of
Idea’Yala; Barkadayala emerges as the winning team after weeks of mentoring
workshops and activities
The panel of judges was led by JZA as well as Ayala Land executives Junie
Jalandoni and Rowena Tomeldan.
Make the best happen with BPI
“Our country is beginning to generate the kind of economic momentum
that should better people’s lives. For our clients, it’s no longer about
access to financial services; it’s about using that access to make the
kinds of financial decisions that improve and enrich their lives,” said BPI
President and CEO Bong Consing to BPI Unibankers at the launch of the
bank’s new marketing campaign in March.
“When you change the way you think about money, you can get the
best out of life,” he said, emphasizing BPI’s new brand promise. He then
asked employees to live out this promise in their everyday transactions
and lives: “This tagline defines us as an institution. I ask you to give life
to our new tagline. Working together, we will make the best happen.”
Recognizing its role in economic growth and nation building, BPI aims
to inspire Filipinos to achieve their dreams by changing their attitudes
and decisions regarding money. The bank is ready to enable them with
various products from saving accounts and investment funds to credit
cards and loans, as well as services such as the Express Mobile App and
Bank Anywhere.
With this new mindset and superior solutions, financial advice, and
first-rate customer experience, BPI is poised to lead as the Philippine
Banking Champion and be a catalyst for people to make positive
changes in life.
Bong Consing unveils the new marketing campaign for customer empowerment
Vol 18 • No 2 • 2014
13
Project Wonderful:
Bayanihan in the time
of social media
Harnessing the power of digital media and Filipinos’ inherent desire to help
their fellowmen, Globe has raised over P50 million in cash and in kind to help
build homes and school buildings and provide livelihood opportunities to
families affected by Typhoon Haiyan/Yolanda.
Under Project Wonderful, Globe’s corporate response to the devastation
caused by the supertyphoon, digital lifestyle products and services were used
by customers to donate time, finances, and talent towards rebuilding the nation.
Globe developed compelling, documentary-style YouTube videos that
recounted the stories of Globe ambassadors Bamboo, Georgina Wilson,
Liz Uy, and Chieffy Caligdong as they helped deliver 2,000 Christmas toys to
kids in Ormoc, build 100 homes for Ormoc families, and distribute almost
1,000 learning kits to Iloilo schoolchildren.
Likewise, using the hashtag #ProjectWonderful on social media and blogs,
Globe spurred Filipinos from various walks of life to voice hopes and wishes
for the country and encourage them to donate or even volunteer.
The campaign received 779,239 combined YouTube views, 306 million
impressions from 112,588 mentions by Twitter and Instagram users, 136
unique blogger stories, and an average of 50,000 unique visits to
www.ProjectWonderful.ph per month for the first quarter of 2014. All these
resulted in over 1,000 registered volunteers and supporters.
Its impact has not gone unnoticed. In December, Project Wonderful won in
the 9th ARAW Values Awards of the Advertising Foundation of the Philippines,
for use of digital media in promoting and inculcating positive values for social
change and nation building.
Globe’s Project Wonderful focuses on rebuilding homes, schools, and
livelihood in the Visayas
11 APEC Schools open
Ayala and UK-based Pearson launched Affordable Private Education Center
Inc, a chain of affordable private high schools, at the start of school year in
2014. APEC opened 11 schools in five cities in Metro Manila (Caloocan, Manila,
Marikina, Pasig, and Quezon City), with plans to build more.
At the official launch of the venture held May 15 at Ayala Museum,
FZA said, “The global demand for Filipino talent is proof that one of
the Philippines’ greatest resources is its people. Ayala believes that
investment in education is key to securing national competitiveness, and
every Filipino’s future. Our vision is to provide affordable, world-quality
education that can allow every student to achieve his or her full potential.”
Added APEC Chairman Fred Ayala: “Our aim is to transform and
positively impact thousands of Filipino lives, by providing students the
knowledge, skills, and values that are crucial in finding gainful professional
employment.”
For more information, visit www.facebook.com/APECSchools
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Vol 18 • No 2 • 2014
Said Yoly Crisanto, SVP for Globe Corporate Communications: “We are proud of this
award since it proves that through digital media, we can inspire bayanihan using
a clear, provocative message: That anyone, from an ordinary person to a known
model, rockstar, sports icon–even a corporate CEO—could help rebuild the nation.”
APEC Schools provide affordable
private high school education
One Ayala holds
“Paskong Pinoy”
in Hong Kong
Ayala Corporation, Ayala Land, BPI, and Globe
showed marketing synergy as the group
celebrated One Ayala on its fourth consecutive
year. Thousands of Filipinos gathered on
December 7 at Edinburgh Place in Central Hong
Kong to experience the “Paskong Pinoy Fiesta.”
One Ayala is the international marketing synergy
program of the Ayala group. It is a way of raising
awareness for its products and services while
promoting Filipino heritage, history, culture, and
financial literacy in the international market and
reaching out to Filipinos abroad.
The event featured booths of various
organizations of Filipino migrant workers that
were adorned with their creative handiwork of
Christmas decorations. The Consulate General
of the Philippines in Hong Kong Bernardita Catalla
spoke of the importance of keeping Filipino values
alive while working in other countries.
Amaia, BPI, and Globe promoted products
and services that address the needs of
overseas Filipinos. Amaia featured its property
investments. This was complemented by BPI’s
financial literacy talk and remittance services.
Globe, through its local telecom partner CSL,
provided free call services to the Philippines as
well as free power banks.
Bringing cheer to the Filipinos in Hong Kong
were entertainers Pooh, Paolo Avelino, and
Arnel Pineda.
Filipinos gather in Central Hong Kong; One Ayala team from AC, Ayala Land, BPI, and Globe; ConGen Bernardita
Catalla greets kababayans in HK; Amaia and BPI conduct a financial wellness talk; BPI Global Markets SVP Roy Emil
Yu and BPI Remittance Center Managing Director Joi Panganiban with lucky winners; Presentations of Filipino
organizations show the meaning of “Pasking Pinoy”
A new school for Old Sagay
The Old Sagay Elementary School, destroyed by Typhoon Yolanda, is
now a disaster-resilient learning environment thanks to the support
of the private sector and local government. Its two new buildings are
equipped with emergency alarm systems, kitchens, and showers. It can
withstand over 300 kph of wind.
Building resilient schools, such as this one in Negros Occidental, is a
component of Ayala Foundation’s integrated approach to post-disaster
recovery and rehabilitation. It also brings Text2Teach and Training
Institute programs to improve learning and upgrade teacher skills.
Another component is sustainable livelihood. Fishing boats and seeds
for farming have been distributed in Sagay and Cadiz, respectively.
Old Sagay Elementary School, after Typhoon Yolanda and today; Ayala Foundation President
Luli Heras-de Leon (second from left) leads the inauguration of the new school building in
November, joined by partners from Mitsubishi, BPI/MS, and the Sagay City Government
Elsewhere in the Visayas, pedicabs, sari-sari stores, and plantlets
and fertilizers have been provided in Javier and Tacloban, Leyte. The
foundation is also working closely with Ayala Land in rehabilitation
work in Estancia and Carles, to help set them on the path to recovery.
Vol 18 • No 2 • 2014
15
Ayala Museum
invites everyone to
“Inspire Every Day”
Art and history have the power to inspire and motivate people
to do and see things differently.
Ayala Museum and Filipinas Heritage Library’s “Inspire Every
Day” campaign has been presenting special events and using
their special collections to tell stories of creativity, strength,
courage, pride, curiosity and other universal values.
The campaign was launched on July 19, with Ayala Museum
opening its doors to the public for free. By midday, a queue
had formed outside the museum as the building reached its
maximum capacity. Aside from enjoying the galleries and the
new library, visitors made creative use of products from partner
merchants such as Fully Booked, Power Mac Center, and Uniqlo
at their respective “inspire stations.”
Several musical acts also performed during the day including
the Manila Symphony Orchestra, artists of Terno Recordings,
and Up Dharma Down. Guests were given free soda provided
by Coca Cola Philippines as souvenir.
Ayala Museum also saw a significant spike in social media
activity as users engaged with “Inspire Every Day”-related
posts or created their own.
Other activities soon followed suit including “Midnight Museum,”
an evening Halloween event in partnership with the Japan
Foundation, theatre company Sipat Lawin, and Museum Café.
Similar events will be done in 2015 to inspire more people and
open their minds about museums, libraries, and cultural
institutions as places where one can gain life lessons through art
and history.
FHL and Google present online history of Baguio
In September, Filipinas Heritage Library joined Ayala Museum in becoming the first cultural institutions
from the Philippines to partner with Google Cultural Institute. Through its online exhibit on the GCI
site, “We look before and after, and pine for what is not: A history of Pines Hotel and Baguio,” FHL
made some of its collections free and accessible to the public.
The Google Site hosts exhibits and features collections from museums and archives from
around the world. Other partner libraries include the Abraham Lincoln Presidential Library, the
Vaclav Havel Library in Czech Republic, the Kyoto Prefectural Library and Archives, the Library of
Birmingham in the UK, the National Library of Ireland, the Nehru Memorial Museum and Library
in India, and the Royal Library of Denmark. Exhibits cover biographical profiles, geographic
histories, and narratives of historical events. Each high-resolution item in the exhibits can be
viewed in detail.
“We look before and after” talks about the Pines Hotel, an iconic landmark whose history is closely
intertwined with that of Baguio City. The site of the Pines Hotel was originally that of the Baguio
Sanitarium, arguably the most popular colonial hill station built by the Americans in Asia.
The exhibit is only the first that FHL plans to curate and upload on Google Cultural Institute site.
16
Vol 18 • No 2 • 2014
BULLETINS
BUSINESS • CSR • EMPLOYEE ACTIVITIES
UPGRADED
Laguna Water is now using a fully
computerized meter-reading system
for efficiency and better analysis of water
consumption. The system also leads to
better customer service as front-liners
can readily address inquiries by accessing
customer records real time.
ADDED
Delta Air Lines expanded its SkyWish
Asia charity program by including
Ayala Foundation among its partner
organizations. The foundation is the
first and only Filipino nonprofit that
will benefit from the airline’s mileage
donation program. Donated miles will
be used by Ayala Foundation to fulfill
charitable missions and objectives.
BESTOWED
Cesar Legaspi, KARGADOR (detail, 1982). Oil on canvas. 121.5 x 183 cm. Paulino and Hetty Que Collection.
Cesar Legaspi: The Brave Modern
In the halcyon and heady days in pre-war Philippines, a group of young artists were paving the way
to a brave new world of modern art. Learning from the acknowledged Father of Modern Art, Victorio
Edades, the young artists, who called themselves the Thirteen Moderns, were eager to find new ways
of visual expression. Among them was Cesar Legaspi.
The work of Cesar Legaspi shows the progression and development of Philippine painting in
the twentieth century—from the rigorous intellectualism of Cubism in his early paintings to the
harmonious unity of stylized figuration and tropical chromaticism at the peak of Neo-Realism.
His fragmented pictorial style, intense color, and stark social commentary contributed significantly to
the acceptance of Philippine modern art, earning his place in the pantheon of Filipino National Artists.
“Cesar Legaspi: The Brave Modern” runs from December 2, 2014 to April 26, 2015 at the Third Floor
Galleries of Ayala Museum. The exhibition includes the artist’s works from the pre-war period to the
1980s, including select paintings from various collections.
BPI was one of only five companies given
the Diamond Award by the Philippine
Marketing Association. The award is
a lifetime recognition and given on the
occasion of the industry organization’s
60th anniversary. BPI was honored for
marketing brilliance in establishing and
growing its business and its contribution
to the cause of Philippine marketing.
INKED
Ayala Land, through its subsidiary
AyalaLand Hotels and Resorts Corp,
entered a long-term management
deal with Mandarin Oriental Hotel
Group in July, in connection with plans
to develop a new Mandarin Oriental
Hotel in Makati City.
Mexico: Fantastic Identity
Ayala Museum, in partnership with the FEMSA Collection and Coca-Cola FEMSA Philippines, presented
the exhibition “Mexico: Fantastic Identity, 20th Century Masterpieces, FEMSA Collection” from
September 30 to November 9. The show featured Mexican artworks starting from the European
experience of the early 20th century through the vanguard movements and schools. Also presented
were the artists’ portraits by renowned photographers. Featured artists included Frida Kahlo, Agustin
Lazo, Diego Rivera, Carlos Orozco Romero, and Antonio Ruiz (right, his work “El Corzo” from the FEMSA
Collection). The exhibition was complemented by a lecture and guided tour with curator Emma Cecilia
Garcia Krinsky and a children’s art workshop inspired by Mexican indigenous art
Vol 18 • No 2 • 2014
17
Well worth the visit
5th Ayala-UPSE Forum
on Jan 29
Socioeconomic Planning Secretary
Arsenio Balisacan will discuss the state
of the Philippine economy at the AyalaUPSE Economic Forum on January 29 at
InterContinental Manila. Panelists are
World Bank Country Director Motoo
Konishi, Dr. Cielito Habito, and Romeo
Bernardo.
This is the fifth in a series of quarterly
forums aimed at expanding public
access to economic research.
Kickstart investees
raise $8.6M in funding
A visit to Fairview Terraces in Quezon City will not be complete without going to its flagship
department store. Wellworth is the maiden venture of SIAL Specialty Retailers Inc, a
subsidiary of Stores Specialists Inc and Varejo Corporation of Ayala Land. The store chain
serves the country’s growing market of aspirational yet price-conscious shoppers. It is
distinguished by state-of-the-art store design, engaging customer service, and a wide range of
lifestyle brands at affordable prices.
18
Globe subsidiary and early-stage
investor Kickstart Ventures said
that the 19 startups in its portfolio
collectively raised $8.6 million in
funding from third-party investors by
end of 2014. Kickstart helps startups
launch faster and achieve scale and
profitability sooner through local
investments and incubation programs.
Tapping synergy for
financial literacy
Ayala Auto holds
1st group expo
Manila Water Foundation and BPI
Globe BanKo have partnered with
cooperatives to bring convenient
banking services to communities.
Using seed-capital loans granted
under Kabuhayan Para Sa Barangay,
cooperatives may now invest in
franchising, managing, and operating
BPI Globe BanKo outlets.
Ayala-owned dealers of Honda, Isuzu,
and Volkswagen held the first-ever
Ayala Auto Fair on November 26 to
28 at Ayala Triangle Gardens. Visitors
were given the chance to test drive the
Honda Brio, Brio Amaze, City, and CR-V;
Isuzu MU-X, D-MAX, and Crosswind;
and VW Beetle, Jetta, Polo, Touran,
Tiguan, and Touareg.
MARINA ties up
with BPI
HCMI dominates Honda
skills competition
AYLC alumna among
Global FWN100
The Maritime Industry Authority
(MARINA) and BPI signed an agreement
to bring personal financial management
programs and counseling to Filipino
seafarers. There are about 583,000
Filipinos in the maritime industry,
representing nearly 30 percent of the
world’s seafarers and responsible for
20 percent of remittances sent to the
Philippines each year.
Honda Cars Makati Inc bagged eight
of nine awards in the 13th National
Customer Service Skills Competition
(formerly, National Technicians’
Contest) organized in December by
Honda Cars Philippines. Competing
against 32 dealerships nationwide, the
team from HCMI was also the grand
slam champions (Mechanical Category)
for the second consecutive year.
Janice Lao-Noche (AYLC 2002) was
selected for the 100 Most Influential
Filipina Women in the World Award in
2014. The Filipina Women’s Network
recognizes those who are influencing
the face of leadership in the global
workplace. Lao-Noche leads the global
sustainability team in MTR Corporation,
one of the world’s leading railway and
property companies.
Vol 18 • No 2 • 2014
A Volkswagen for Pope Francis
Ayala Auto offered a VW Touran for
Pope Francis’ use during his visit to Manila
from January 15 to 19, 2015. The compact
MPV was later donated
to His Holiness’
recipient of
choice.
Turn 180: An Ayala Retrospective
AYLC slated
on Feb 10-13
Eighty one outstanding
student leaders
will participate in the
17th Ayala Young Leaders Congress.
For the list of official delegates, scan the
code or visit www.ayalayoungleaders.ph.
Watch the video at www.youtube.com/ayala1834
Art Fair at The Link
on Feb 5-8
Art Fair Philippines,
a highly anticipated
exhibition for contemporary Philippine
visual art, will be held for the third year at
The Link in Ayala Center. From February
5 to 8, the fair will feature 25 foremost
Philippine galleries, three galleries
from Southeast Asia, and six special
exhibitions by Filipino visual artists.
Doodle for Google winner
is BPI scholar
Kim Patrick Saren of Compostela Valley
received a P400,000 college education
grant from BPI Foundation for besting
51,000 entries to the Doodle for Google
contest. His artwork on the theme, “What
can I do for the Philippines?”, was inspired
by the sarimanok and jeepney.
HR Summit:
Preparing the organization for ASEAN integration
The 9th Ayala group HR Summit held November invited experts in the fields of economics and
HR research and practice to give insights and ideas to prepare the organization for the ASEAN
Economic Community.
“We need to strengthen our employee value proposition,” said JP Orbeta, group head for
Strategic Human Resources. He and summit speakers mentioned several ways to address these
concerns. These include knowing existing talent, making sure that rewards are competitive
within the region, offering a rewarding worklife and fulfilling career, developing managers to
handle workforce diversity, and equipping talent with the right skills to succeed in the changing
business environment.
Boracay Water
connects Ati community
Solar Light
changes lives
Filipiniana Online
turns 1
Members of the indigenous community
of Atis in Boracay Island now get water
direct from the tap through the Lingap
Para Sa Katutubo program.
The Solar Light Initiative, a project of BPI
Foundation and the Engineering College
Government of De La Salle University,
installed 100 rechargeable solar lights and
a solar charging station designed by DLSU
students in Bgy Sto. Nino in Tanay, Rizal.
Over a thousand e-books may be viewed
at Filipinas Heritage Library’s digital
portal for rare and special books and
Rizaliana. Collection highlights include
Blair and Robertson’s The Philippine
Islands and writings of Jose Rizal and
President Elpidio Quirino.
Funded by Boracay Water and Manila
Water Foundation, the program benefits
30 households or 188 individuals, who
were used to long queues at a standpipe
and paying exorbitant fees for water
use. With new water connections, they
can now get continuous, potable water
service in their own homes.
Focus on Inclusion
The project is aligned with BPI
Foundation’s commitment to education
and sustainable development. The
community will be monitored by
nonprofit One Million Lights Philippines
to ensure that the project is sustainable.
Filipiniana Online is FHL’s way of
preserving its collection while making it
available to a broader public here and
abroad. Previews are free and full access
is available with membership.
“Our larger goal in the Ayala group is to improve the quality of life for communities
by creating shared value and inclusive growth. We have moved decisively across the
group to embed the concept of shared value into our businesses with a deep focus
on social and economic inclusion.”
JAZA • 4th AYALA SUSTAINABILITY SUMMIT, October 13, 2014
Vol 18 • No 2 • 2014
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A 180th Year in Review
As we welcome 2015, we look back on some milestones within the Ayala group in the year that was.
JANUARY
FEBRUARY
MARCH
MAY
Ayala celebrates its 180th year
JULY
SEPTEMBER
APRIL
JUNE
AUGUST
OCTOBER
NOVEMBER
DECEMBER
January LRT-MRT ticketing deal is won • February VW opens in BGC • March BPI begins to “make the best happen” • April Ayala’s anniversary book is presented to board members
and partners • May Ayala hosts reception for WEF on East Asia • June Globe is first to be fully 3G (now 4G) • July APEC Schools open • August First Ayala Innovation Day is held
September Idea’Yala inspires young mall goers • October LRT1 contract is signed • November Manila Water wins 3rd PSE Bell Award • December IMI completes its public offer
PUBLISHER John Philip Orbeta • EDITOR IN CHIEF Emily de Lara • MANAGING EDITOR Janella Cacdac-Siena • DESIGN Medium3
We thank the following for their contribution to this issue: Gale Launio, Jaimee Malenab, Vince Tobias, Jem Villarin, Kath Yamzon | Cathy Bengzon, Suzette Naval,
Leo Grape | Leah del Castillo, Rachelle Dangin | Yoly Crisanto, Roki Ferrer, Kristel Or, Pia Bernal, Chooey Velayo-Villo | Fred Blancas, Roni Guilalas | Kriselle Sebastian
Jeric Sevilla, Mich Carag | Mary Marasigan | Paul de Guzman, Jei Ente
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EDITORIAL OFFICE: Ayala Corporation–Corporate Communications, 32F Tower One, Ayala Triangle, Ayala Avenue, Makati City 1226 Philippines | Email: AyalaNow@ayala.com.ph