Ayala Now November-December 2010 Issue

Transcription

The official publication of the Ayala group of companies Volume 14, Number 6, November-December 2010
inside
5 Experience a whole new Makati Central Business District
Happy New Year!
BPI acquires trust and investment
management business of ING Manila
7 Celebrating Christmas in the gardens
10 GILAS reaches another milestone
14 Know the story behind the Ayala and Mitsubishi partnership
Ayala Malls group
sweeps 2010 ICSC Awards
Ayala Malls group was the sole recipient of the prestigious ICSC
(International Council of Shopping Centers) Foundation Community
Support Award while also garnering a Gold for Marketing Excellence
and five Silver awards in the recently concluded ICSC Asia Shopping
Centre Awards Competition in Beijing, China.
Executives from the Bank of the Philippine Islands led by chairman Jaime Augusto Zobel de
Ayala, and BPI president Aurelio Montinola III sign an agreement with ING Manila
The Bank of the Philippine Islands (BPI) has signed an agreement
with ING Bank, N.V. Manila Branch to acquire its trust and investment
management business and other related assets in the Philippines.
BPI Asset Management is the second largest wealth manager in the country with total
assets under management (AUM) of P458 billion as of September 30, 2010. ING’s trust
and investment management business in the Philippines ranks seventh with P78 billion
in AUM as of the same date. As a result of the said acquisition, BPI Asset Management
will be one of the largest asset management franchises in the Philippines with an
estimated P536 billion in AUM.
Under the terms of the agreement, BPI will acquire 100 percent of ING Bank Manila’s
trust assets. The acquisition is subject to certain conditions which includes obtaining
of regulatory approvals. The final price will be determined on the closing date which is
expected in the next few months.
BPI is the Philippines’ largest bank both in terms of market capitalization and branch
network. With a history of more than 159 years, BPI holds significant market shares
Ayala president and COO Fernando Zobel de Ayala with Ayala Malls group head
Ma. Victoria Añonuevo receive the ICSC Foundation Community Support Award for
Greenbelt’s “Ondoy” campaign
continued on p. 3
continued on p. 4
JAZA wins CNBC’s Asia Talent Management Award
A new honor befell Ayala Corporation as its chairman and CEO, Jaime
Augusto Zobel de Ayala, received the Consumer News and Business
Channel (CNBC) Asia Talent Management Award on November 25
at Capella Hotel in Sentosa, Singapore. The award is particularly
significant in that it recognizes Ayala’s uncommon ability to attract,
develop, nurture, grow, and retain professional talent.
The Asia Talent Management Award is given to the business leader who values his
company’s workforce and is committed to supporting, developing, and retaining talent,
as well as nurturing its next generation of leaders.
Track record of professional excellence
It is well known that in the Ayala group, individual professional excellence has always
been a priority, partly the result of a nearly two-century track record of consistently
upholding the values of talent, ethics, and reputation.
The Asia Talent Management Award—one of the Asia Business Leader Awards
(ABLA) given by CNBC to “Asian leaders who have contributed and shaped the
Asian economy”— was received by Jaime Augusto Zobel de Ayala at a ceremony
attended by some of Asia’s top business executives.
But aside from honored tradition, there are management’s deliberate undertakings. “One
of the things that really sets Ayala apart is the way we manage people,” says Zobel.
“The ABLA is our way of celebrating and recognizing business leaders who have
shaped the Asian economy, and who will continue to lead corporate Asia forward,”
said Satpal Brainch, president and managing director of CNBC in Asia Pacific.
“When I look across the group and at the people we have, there’s a tremendous
diversity of talent,” he says. “A large part of the job is to create the right environment
so they can all do what they’re good at, and come together to create something better.
We strongly believe that the whole is bigger than the sum of its parts.”
CNBC’s Asia Business Leaders Awards acknowledge exceptional CEOs in the region.
Recipients of the awards are considered visionaries behind today’s outstanding
businesses and are recognized for their strength, innovation, ingenuity, knowledge,
and foresight—values that the award-giving body believes are imperative to creating
successful businesses in the global economy. From 53 finalists, the six honorees were
chosen for innovation, talent management, lifetime achievement, corporate social
responsibility, viewers’ choice, and the CNBC ABLA.
Over and above the company’s tradition and management’s efforts is the direct role
played by Ayala’s leader. The CNBC award-giving body calls it Zobel’s “personal
involvement in supporting and nurturing leadership within the company.”
continued on p. 2
JAZA wins CNBC’s Asia Talent Management Award
continued from p.1
“Mr. Zobel identifies and mentors
key leadership talent within
Ayala,” the citation says.
The citation also points to a
group-wide talent review process
that Ayala has instituted over the
past two years, and a leadership
acceleration program with
Harvard University.
These are top-level, methodical
processes led by JAZA and
his brother Fernando, the
company president and chief
operating officer.
“You nurture people, see what’s the best place
for them, make them have a sense of belonging,
listen to them, get ideas from them; a team-based
approach is actually a lot more fun than doing
things alone.”
The program with the Harvard
Business School, called
Ayala Leadership Excellence
Acceleration Program, or AYALALEAP, has developed and
adopted a curriculum that allows
the group’s executives to learn
from and interact with some of
Harvard’s leading professors
and thought leaders on various
topics. Around 200 of the
group’s top people go through
this program every year.
Group-wide talent review
The other process cited in the
award, the group-wide talent
review, focuses on the top management positions at each business unit. It includes the
CEOs, the management committee, and the emerging leaders below them. This talent pool is
comprised of about 500 of the Ayala group’s most senior business executives.
At the business unit level, the process calls for a thorough review by the CEO and his
management team, with the information captured in a common framework that is used
throughout the group. This includes individual talent profiles such as employment,
assignments, performance and promotions history, competency assessments, career
aspiration and performance feedback; performance-potential summaries, including
the identification of high potentials even below senior management; and career and
succession plans including possible stretch assignments and developmental assignments.
relevant in changing times, and making them progressive forces that contribute to the
nation’s welfare.”
The CNBC Award is the latest for JAZA, who in 2007 became the first Filipino and the
youngest Harvard Business School alumnus to be given the Achievement Award for
exemplary leadership in business by Harvard Business School. It is the highest honor
Harvard Business School can bestow on a graduate. JAZA received his MBA from
Harvard Business School in 1987 and a bachelor’s degree in economics, cum laude,
from Harvard College in 1981.
In 2006, JAZA was honored by the Management Association of the Philippines as the
Management Man of the Year. He has also been recognized as one of the country’s
Ten Outstanding Young Men.
JAZA has been at the helm of Ayala Corporation since 1995 when, after holding
several line positions in the Ayala group, he became president at the age of 37.
That year, he received from the World Economic Forum an award as one of the
“Global Leaders of Tomorrow.”
Other recipients of the 2010 CNBC Asia Business Leader Awards are A.M. Naik,
chairman and managing director of Larsen and Toubro Ltd. (India), who took the Asia
Business Leader Award; Sir Gordon Wu, chairman of Hopewell Holdings (Hong Kong),
for lifetime achievement; Yancey Hai, CEO of Delta Electronics (Taiwan) for innovation;
Tan Sri Dato’ (Dr.) Francis Yeoh, managing director of YTL Corporation BHD (Malaysia)
for corporate social responsibility; and Ajai Chowdry, chairman and CEO of HCL
infosystems (India), who received the most votes from CNBC viewers of Asia Pacific.
Why we work in Ayala
“In any position within the organization, we look for certain attributes that are beyond
technical knowledge,” JAZA says. “A strong ethical behavior is important to us.”
He says that when Ayala leaders interview executives and ask them what attracts
them to the group, three attributes stand out.
Values. “We have never compromised our values, and we have a reputation of
doing what is right,” JAZA says. “Our commitment to excellence and integrity in all
our dealings is something that has remained constant throughout our 176 years of
existence. Our people know that they will always be encouraged to do and supported
for doing what is right.”
“We convene a very senior talent review group to go over these in much detail,” says
JAZA. “Fernando and I are very much involved in the process.”
Ongoing dialogue. “We always try to listen and take the pulse on what our
employees are thinking and what are of concern to them. We try to have open and
honest dialogue with various levels of staff. Before we make major changes in any
of our HR systems, we make sure that we have the chance to talk to representatives
from all levels.”
“We spend a fair amount of time for each business unit, going over each person by
name, in their senior leadership roles,” he adds. “We also include some of our rising
stars in the deliberation process, to make sure that we have a purposive career plan for
these high-potential individuals.”
Long-term careers. “Many people join us just not to have jobs but to build growing
careers with the group. We may not be the top companies to go for compensation
and benefits, but I think the word has gone out that if they join the group and perform
well they will be rewarded and taken care of.”
Below the top positions at the business units, the individual companies have their own
talent review processes, which in many cases are much more robust and rigorous,
explains JAZA.
A fourth item that emerges with increasing frequency is the group’s social agenda.
Leadership and development philosophy
CNBC cites these talent management programs as concrete manifestations of JAZA’s
leadership development philosophy. CNBC noted that he has “a direct responsibility
as a leader to see others after us succeed in developing our institutions, keeping them
JAZA with the other winners of CNBC Asia Business Leaders Awards
“Over the last few years, people who wish to join us place much importance on
our social and sustainability initiatives,” JAZA observes. “We get a lot of questions
regarding our stand on the environment, on what we’re doing to help improve
education and generate employment. All these are becoming more important factors
in making decisions to join or stay with the group.”
JAZA with wife Lizzie Zobel
Feature
Mitsubishi, SingTel meet with President Aquino
Ayala group partners Mitsubishi Corporation and Singapore Telecommunications make separate courtesy calls to President Benigno Aquino III at Malacañang
President Benigno Aquino III welcomed Ayala
corporation chairman and CEO Jaime Augusto Zobel
de Ayala, and senior advisor and former chairman of
Mitsubishi Corporation Minoru Makihara in a courtesy
call on November 22, 2010 at the Yellow Room,
Premier Guest House, Malacañang. Makihara—who
was accompanied by Mitsubishi Corporation Manila
general manager and president of Japanese Chamber
of Commerce and Industry of the Philippines, Inc.,
Nobuya Ichiki—paid a visit to the President to renew
the company’s commitment to continue working and
investing in the country.
Ayala and Mitsubishi have been long-term partners in
building new business ventures, and working together
on CSR initiatives. Both companies also continue
to collaborate on current joint initiatives in regional
water projects, energy savings in the Philippines, and
renewable energy.
Mitsubishi Corporation is Japan’s largest general
trading company with over 200 bases of operations
in approximately 80 countries worldwide. With its
over 500 group companies, Mitsubishi employs a
multinational workforce of approximately 60,000
people. Mitsubishi has long been engaged in business
with customers around the world in virtually every
industry, including energy, metals, machinery,
chemicals, food, and general merchandise. Mitsubishi
seeks to contribute to the enrichment of society
through business firmly rooted in the principles of
fairness and integrity.
During the meeting, Chua reiterated SingTel’s
commitment to its investments in the Philippines,
primarily through Globe. The SingTel Group is also
committed to driving product and service innovation
to deliver greater value to its customers. Together with
Globe, and other SingTel subsidiaries and associates,
the SingTel Group has collaborated on a number of
strategic initiatives, including marketing projects and
technical trials.
Later that week, JAZA made another courtesy call on
the President, this time with key executives of Singapore
Telecommunications Limited (SingTel), led by its
Group CEO Chua Sock Koong, who visited Manila on
November 26.
The SingTel Group’s footprint covers more than the
two billion population across Asia and Africa, serving
368 million mobile customers in 25 countries. Aside
from Globe, SingTel affiliates and subsidiaries include
Australia’s Optus, Advanced Info Service (AIS) of
Thailand, India’s Bharti Airtel, and PT Telekomunikasi
Selular (Telkomsel) of Indonesia.
The Globe-SingTel delegation also included Globe
president and CEO Ernest Cu, Optus chief executive
Paul O’Sullivan, SingTel CEO International Hui Weng
Cheong, SingTel Group CFO Jeann Low, and SingTel
Group treasurer Koh Kah Sek.
PhilDev-USA recognized as
best diaspora philanthropic
organization in the world
The Philippine Development Foundation–USA (PhilDev-USA) and the
American India Foundation (AIF) have been selected by the Charles
& Agnes Kazarian Foundation as the best diaspora philanthropic
organizations worldwide. Both organizations were selected as the
global standard for high value-added best practices, especially for
emerging economies.
Ayala Malls group
sweeps 2010 ICSC Awards continued from p.1
The highly coveted award was given to the “Ondoy” campaign of Greenbelt, carried
out in partnership with Habitat for Humanity, Children’s Hour, and World Wide Fund
for Nature, which raised funds to build homes and assist families displaced by two
devastating typhoons. The ICSC Foundation donated US$5,000 to Habitat for
Humanity, Ayala Malls’ partner charity, to build more homes for Bahay ni Juan sa Calauan, a relocation project for the typhoon victims.
The Charles & Agnes Kazarian Foundation is a private operating foundation
established in 1998. It seeks to empower families through economic development,
education, and healthcare.
A Gold Award for cause-related marketing was given to Alabang Town Center‘s
“A Chance to Share” campaign, a community outreach program for Manila’s
street children.
To support setting new global benchmarks in philanthropy, The Charles & Agnes
Kazarian Foundation will invest US$10 million in knowledge partnerships with worldclass philanthropy organizations that continue to significantly improve their key
performance indicators (KPIs). The knowledge partnerships have four components:
benchmarking and best practice research; staff, volunteer, and partner training; KPI
assessment, comparison, and goal setting; and assessing and ranking prospective
new initiatives.
Ayala Malls also garnered Silver Awards for the “A- List Wish List Promo” for Sales
Promotions and Events, “Greenology” campaign for public relations, Greenbelt’s
“Healing the Broken Spirits” campaign for cause-related marketing, and Ayala Center
Cebu’s “The Terraces” for design and innovation.
PhilDev-USA and AIF were two of the organizations chosen to be part of the
program. According to Charles & Agnes Foundation, both stood out for their shared
passion in “improving performance at the nexus of the commercial and social sector”
and for achieving “ten times more positive social impact from donor contributions
from its average peer.”
The selections were based on a J-InterSect Project Report by a ten-person
team with contributions from over 125 sector professionals within its global
network. The team conducted research for six-months to benchmark diaspora
philanthropic organizations worldwide.
J-InterSect (JIS) is a global performance improvement company at the nexus of the
commercial and social sectors.
The awards were presented by William Taubman, chairman of ICSC and Michael
Kercheval, president and CEO of ICSC to the Ayala Malls group led by Ayala Land
chairman Fernando Zobel de Ayala; senior vice president and Ayala Malls group
head Marivic Añonuevo; vice-president and chief operating officer Rowena Tomeldan;
vice-president and head of business development Cora Dizon; together with senior
division manager and head of marketing Cathy Bengzon; senior division manager
and head of Ayala Malls VisMin Clavel Tongco; department manager Joy Polloso;
Ayala Center Cebu general manager Norie Ranie; Marquee deputy general manager Michelle Aliggayu; Ayala Malls department manager Mita Montinola; Ayala Land
senior architect and Ayala Center Cebu operations manager, Bong Dy.
The ICSC is the premier global trade association of the shopping center industry with
more than 55,000 members in over 90 countries. The ICSC Asia Shopping Centers
Award recognizes and honors the shopping industry’s most cutting-edge properties,
innovative solutions, and creative responses to market trends, as well as outstanding
examples of design and development through its Global Awards Program.
BPI acquires trust and
investment management
business of ING Manila
Ayala income up 17% to P6.8B
Profit for the first nine months grew
17 percent for holding firm Ayala Corp.,
closing at P6.8 billion from P5.78 billion,
driven by growth in its property, banking,
and water businesses.
continued from p.1
in consumer banking, asset management and trust, remittances,
electronic banking, corporate banking, and bank assurance. ING is
a leading global financial institution of Dutch origin currently offering
banking, investments, life insurance, and retirement services to a
broad base of customers.
BPI president and chief executive officer Aurelio R. Montinola III
said, “We find this a rare opportunity to purchase a strong foreign
asset management franchise that will combine with our superior
local distribution network and investment expertise in this growing
Philippine wealth management space. We see this strategic
acquisition of ING’s investment management and trust business
as a value enhancing step to cement our leadership in the asset
management industry.”
The current ING Investment Management team will form part of the
Asset Management and Trust Group of BPI and will continue to
focus on delivering superior investment returns and leverage on their
investment competencies to support existing and future customers.
Maria Theresa M. Javier, group head and trust officer of BPI Asset
Management said, “We are excited about this acquisition and we
look forward to welcoming the ING Investment Management team
into the BPI organization and harnessing their expertise to continue
serving customers. The combined business will benefit from the
enhanced scale, cost synergy, and ability to offer the broadest range
of investment solutions through our well trained branch network.”
The combination of BPI Asset Management and ING Investment
Management creates one of the strongest investment teams in
the industry. BPI Asset Management was named The Asset’s
Best Wealth Management House in the Philippines in 2010, Asian
Investor’s Best Onshore Funds House in the Philippines in 2010, and
The Asset’s Best Asset Management Company in the Philippines in
2009. ING Investment Management Philippines was awarded The
Asset’s Best Asset Management Company in the Philippines in 2010,
has a strong equity portfolio management capability and their funds
are rated highly according to the Lipper Leader Fund Ratings with
several funds ranking in the top 20 percent based on consistent
returns and total returns.
The growth in the three businesses offset the weakness
in its telco unit, the company said.
Nearly all businesses posted double-digit growth in
earnings, resulting to a 26 percent increase in equity
earnings to P8.6 billion, it added.
“We are encouraged by the strong growth trajectory of our core businesses. The favorable economic
environment, robust domestic consumption, and low interest rate environment set the condition for
rapid growth and expansion. The initiatives we have taken the past few years have clearly positioned our
businesses to benefit from this renewed growth cycle,” said Ayala president Fernando Zobel de Ayala.
Ayala Land’s net income rose 35 percent to a nine-month record high of P3.9 billion. Meanwhile, the
Bank of the Philippine Islands reported a profit growth of 24 percent year-on-year at P9.1 billion.
Telco business unit Globe telecom saw its consolidated service revenues decline by two percent
which was offset by growth in its broadband revenues and mobile postpaid business.
Meanwhile, Ayala’s water business saw revenues growing
19 percent to P8.3 billion, driven by a four percent
increase in billed volume and a nine percent increase in
household connections from its expansion areas within
the concession zone.
Electronics unit Integrated Microelectronics Inc. (IMI) posted
US$293 million in consolidated revenues, four percent
higher than last year, as its China and Singapore operations
sustained strong performance with US$185 million in
revenues, 22 percent higher year-on-year and accounted
for 63 percent of IMI’s total revenues.
Ayala’s automotive dealerships registered a 10 percent
growth in revenues to P9 billion on account of higher unit
sales. Profit grew 47 percent to P245 million.
The BPO businesses under LiveIt posted a profit of
P1.5 billion versus last year’s loss. The positive result
was primarily due to the revaluation gain of P2.3 billion
recognized in the second quarter as result of a third
party investment in Integreon.
BPI’s Sustainable Energy Finance triumphs at G-20 Seoul Summit
The SEF program, is an ongoing partnership with the International Finance Corporation
which began in 2008. It is also a means to help the company grow its loan and lease
portfolio while supporting BPI’s and the Ayala group’s initiatives in corporate social
responsibility and sustainability reporting. The SEF program of BPI is a first in the
country and in Southeast Asia.
BPI assistant vice president Nanette Biason with the other winners of G-20 SME Finance Challenge
BPI was hailed one of 14 winners in the prestigious Group of 20 (G-20)
SME Finance Challenge, a global online competition launched by the
G-20 leaders in Toronto, Canada last August 2010.
The SME Finance challenge was the first competition ever held by G-20 and Ashoka
Changemakers. With support from the Rockefeller Foundation, the two organizations
were able to source the best models which provide innovative solutions that catalyze
finance for small and medium enterprises (SMEs).
More than 350 entries were submitted from 75 countries. From these entries, 35 finalists
were chosen, and only 14 were declared winners. The winning entries came from the
USA, Netherlands, Canada, the United Kingdom, Peru, and Asia. The Philippines,
represented by BPI, alongside India were the only two winners coming from Asia. BPI’s entry, Sustainable Energy Finance (SEF), was described in the competition as
helping to lead the green revolution by creating a market that provides SMEs with
financing for sustainable energy projects in the Philippines. The program helps SMEs
by including future savings created by energy efficient technology as a form of cash
flow that improves the risk profile of SMEs.
The winning solutions were chosen by a panel of eight judges from the US Treasury,
the German Federal Ministry for Economic Cooperation and Development, South
Africa’s National Treasury, and Canada’s Department of Finance, among others. The
criteria were based on the uniqueness of the solution, leveraging public intervention,
social and economic impact, and soundness and sustainability. The solutions chosen
also had to come from the six geographic regions targeted by G-20 for development,
namely: East Asia & Pacific, Europe & Central Asia, Latin America & the Caribbean,
Middle East & North America, South Asia, and Sub-Saharan Africa.
During the awarding ceremonies at the G-20 Summit, US President Barack Obama,
Korean President Lee Myung-bak, and Canada’s Prime Minister Stephen Harper
pledged funding of US$528 million to scale up the winning solutions.
BPI was represented at the awards held at Seoul, South Korea, on November 11-12,
2010, by assistant vice president Nanette Biason of Specialized Lending Unit and
Sustainable Energy Finance.
The G-20 countries are comprised of Argentina, Australia, Brazil, Canada, China,
France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South
Africa, Republic of Korea, Turkey, United Kingdom, the United States of America,
and the European Union.
Ashoka Changemakers is a global online community of more than 2,500 leading
social entrepreneurs.
Feature
For years, Ayala Land has been changing
the landscape of Philippine real estate and
setting the standard for customer service. In
2010, the company pushed the boundaries
further by daring to not only sustain the
standards set by its former visionaries but
surpass them.
In his speech during the relaunch of the
Makati Central Business District (MCBD)
on November 5, Ayala Land chairman
Fernando Zobel de Ayala highlighted the
importance of “carrying the same bold
perspective” of the company’s forbears,
while at the same time, leading Makati
“into a continuous path of evolution.” He
added, “While transformation will definitely
come in many areas, we shall focus and
start with the Ayala Center because it is that
one piece, one zone, that we define as our
catalyst. It has always been the spark that
ignited every phase of the cycles of Makati’s
transformation. It never fails to energize the
wave of innovation.”
He also discussed the different periods
of growth in the Ayala Center— from
the pioneering spirit of the 60s, to the
tremendous growth experienced in the 70s,
and the bold modernization of the 90s. His
speech dwelt on the various challenges the
company had to overcome, and how Makati
will remain at the core of their endeavors as
an organization.
Meanwhile, strategic landbank management
group head Anna Ma. Margarita B. Dy talked
about ALI’s plans to throw out the old notion
of the MCBD as purely a place for work.
ALI intends to apply the same changes
it has made in the Ayala Gardens. From
being “hectares of land that people just
used to drive by,” it is now one of the
most visited sites in Makati. The company
also plans to connect both ends of Ayala
avenue with two new activity nodes; the
MCBD North and the McKinley Node.
The MCBD North which features The
Columns, and the soon-to-be finished
residential area, The Lerato, will be home
to a thriving community, and will be the
place for “hip and happening” events in
Makati. Meanwhile, a business-process
outsourcing company will be built in
the McKinley Node. It will have its own
transportation system for the “fast paced,
technology-driven, strong youth culture.”
There are also plans to install new
sidewalks and pathways, as well as a
Bus Rapid Transit System (BRT) similar
to the one used in the cities of Curitiba
and Bogota. The BRT refers to a variety of
public transportation systems using buses
to provide faster, more efficient service
than an ordinary bus line.
Ayala Malls relaunches
Ayala Center
New logo of Ayala Center
New sidewalks for Makati’s over 500,000
pedestrians
ALI’s commitment to rebuild Ayala Center
will cost P20 billion, an amount the
company feels is well worth the value the
city will get in return. ALI’s plan involves
several redevelopments, including the
redesign of Glorietta. Ayala Land sees
Glorietta as the next “super hub.” The
plan is to build a new and improved lobby,
a dynamic activity center, and have more
stores for its customers. The company also
plans to add 3,000 more rooms to its line
of premier hotels.
Dy said, “With the redevelopment of Ayala
Center, we’re connecting people, making
destinations more accessible, making
the city available for the most important
business of living.”
To boost its hotel portfolio, Ayala Center will have
3,000 more rooms added to its line of premier hotels
The Ayala Center redevelopment includes the construction of the Residential Towers which
will provide homes for 1,000 families
The new Ayala Center will have its own Bus Rapid Transit
System for safer and more efficient transportation
The new Ayala Center will be more pleasing to the eye with its wide
open spaces and gardens
The city has grown since the 1960s when this photo of Makati was taken
Even at night the Ayala Center reveals a vibrant community
The micro-lending scheme is part of BPI’s strategy to
expand its customer base as a micro lender. While the
bank remains focused on servicing larger clients, it also
has a thrift bank unit, BPI Family, to service small and
medium-sized enterprises. BanKO goes a step further
as a micro lender.
BanKO offers innovative
microfinance where no bank
dares to tread
Many villages in the country’s remote
provinces are too small for even rural banks
to put up a branch. But at their local sarisari stores, residents have access to two
key banking services—credit and savings—
through their mobile phones.
This pioneering venture—launched by a unit of
Bank of the Philippines Islands (BPI)—uses cellular
technology to extend financial services to Filipinos
who live in areas where there are no banks, and
those who would not qualify for conventional loans.
Less than a year in operation, the microfinance bank
BPI Globe BanKO is set to end 2010 with a loan book
of around P1 billion. Its typical clients are farmers,
tricycle drivers, and roadside vendors trying to build
their enterprises.
BanKO President Teresita Tan points out that 80 percent of
the country’s population of around 90 million has no access
to banking services; and of these, nearly half live on US$2 a
day and another 15 percent lives on US$1 a day.
Tan said: “The very name BPI Globe BanKO is a play
on the words ‘bank ko,’ or in English, ‘my bank.’ This
summarizes exactly what we wish to attain: to establish
a bank specifically focused on ‘unbanked’ Filipinos.”
BanKO is specifically targeted to help the US$2 earner,
the guys at the base of the pyramid.”
BanKO is a joint venture between BPI and Globe
Telecom. Each has a 40 percent stake, and their parent
company Ayala Corp. holds the balance. BanKO
combines the banking expertise of BPI—the country’s
second bigggest in terms of assets—and Globe’s
nationwide telecommunication’s reach, as well as its
technology to deliver banking services via mobilephone loads.
For transactions, the microlender uses Globe’s
“GCASH,” a payment service which transforms a
mobile phone into a virtual wallet for secure, fast, and
convenient money transfer technology.
“Clients can carry out transactions, like making loan
payments and deposits with just a text message,” said
Rizza Maniego-Eala, president of GXI Inc., Globe’s
wholly-owned mobile commerce subsidiary that runs
the GCASH technology.
This may seem a risky endeavor for one of the country’s
most prudent lenders. But historically microfinance has
a high repayment rate, and BanKO executives say the
bank has so far had a zero default rate.
“The very name BPI
Globe BanKO is a play
on the words ‘bank
ko’ or in English my
bank. This summarizes
exactly what we wish
to attain: to establish
a back specifically
focused on the
‘unbanked’ Filipinos”
says BanKO president
Teresita Tan
The platform is capable of handling small-sized
transactions in high volumes. Two modes of access
are available to depositors—an ATM card with a photo
and a GCASH wallet. These can be used to deposit or
withdraw cash at ATMS or Globe’s Cash-in and Cashout centers.
Anyone can qualify
BanKO account holders can qualify for a loan without
collateral. The average loan size is between P3,000 and
P15,000, although borrowers may get loans for as low
as P1,000 and up to P150,000. No minimum amount is
required to open or maintain a savings account.
BanKO also lends on a wholesale basis to microfinance
institutions, which relend the money to small borrowers.
The bank charges retail borrowers around three percent
interest a month, which is in line with rates on credit
card loans. The interest rate for wholesale borrowers
is equal to that charged to corporate clients, which is
around eight percent to nine percent a year.
Earlier this month, BanKO launched a savings
mobilization drive to fund the rapid rise in its loan book.
Executives say microenterprises typically borrow five to
10 times the amount of their savings. That means that
the bank needs to source funds.
The savings mobilization program taps retail and
institutional savers through an appeal to invest in
philanthropy by funding lending to microenterprises.
Deposits kept at BanKO for a period of at least six
months can earn an interest rate of 4.25 percent a
year. That’s higher than the average 2 percent to 3.25
percent interest offered by most commercial banks for
regular time deposits.
Microcredit schemes are not new in the Philippines
and many rural banks engage in this type of lending,
motivated both by profit and the desire to help
alleviate poverty.
What makes BanKO so innovative is the speed at
which it can make transactions and the nationwide
extent of its reach.
Once a loan is approved, it is sent to the account
holder’s GCASH wallet and he can withdraw it through
any Globe retailer. Once the loan is due, the borrower
simply gives the money to the Globe retailer, who in
turn credits it to the borrower’s GCASH wallet and
deposits the money back to the bank.
The release of a loan is free of charge, but the borrower
must pay P2.50 as transaction fee when he repays the
loan. Non-value transactions such as balance inquiry
are charged P1 each.
Microentrepreneur empowerment is at the core of the
initiative, says Ayala Corp. chairman Jaime Augusto Zobel
de Ayala. The idea is to build an institution that contributes
to the broader development needs of the country.
Indeed, the time to push for the initiative couldn’t be
better than now. Globe has a subscriber base of over
26 million. BPI, which currently has a group customer
base of four million, can use BanKO to convert some of
Globe’s customers to bank depositors.
Consider that against an expanding population in a
country dubbed as the texting capital of the world and
one gets a picture of tremendous growth.
“What I think we’re building here is an engine that can
be national in scope,” said JAZA.
“Using the flexibility
of the GCASH
platform, BanKO
enables the delivery
of financial services
through branchless
and remote mobile
banking services” says
Rizza Maniego-Eala,
GXI President
BPI chairman Jaime Augusto Zobel de Ayala and BanKO president Teresita Tan with BanKO board members Romeo Bernardo, Gerardo Ablaza Jr., and Ernest Cu
News
Ayala Triangle Gardens shine
bright for the holiday season
During the recent holiday season, the Ayala Triangle Gardens was
transformed into a garden of lights and sounds, as a prism of colors
illuminated the night sky and a symphony of Christmas songs played in
the background.
In Filipino culture, the parol symbolizes faith and hope
In 2010, Ayala Land ushered in the holiday season through the much anticipated
event: Christmas at the Gardens, with the popular Filipino symbol, parol for its theme. Since time immemorial, the parol has been a traditional Christmas decoration in
Filipino homes, often taking the form of a star and symbolizing the country’s shared
faith and hope in anticipation of the birth of Christ. The concept of the “Symphony
of Parols,” featured a lights and sound show inspired by the Christmas lantern.
People flock to the gardens to watch the show
Designed by multi-awarded lighting designer Voltaire de Jesus, and complemented
by talented sound engineer Jethro Joaquin, the show used the gardens’ canopy
of trees as the stage and setting for the one of a kind spectacle. De Jesus said, “In
line with city’s constant evolution, this year’s staging was more dynamic” and the
musical score had a more “fun and contemporary, distinctive theatrical feel.”
A total of 250,000 bulbs were used for the installation, which included 16
automated lights that lit up in cadence with the music, and eight laser lights to
make the show visible even from a far. This year, however, the show reduced its
energy consumption by 74 percent by using LED lights, made possible through a
partnership with lighting company, Philips.
To make the experience more memorable, the Ayala Triangle Gardens launched
some of its restaurants on the same night as the show’s opening. Visitors enjoyed
eating in Golden Spoon, Bon Chon, Wee Nam Kee, Chef Laudico’s Bfast, Banapple,
and Omakase. Other restaurants in the garden are Amici, Kanin Club, CBD
(Cheeseburgers, Burgers, Drinks), Pho 24, Coffee Bean & Tea Leaf, and Momo! Café.
A multitude of lights adorn the garden’s trees
The Ayala Triangle Gardens turn into the city’s Christmas center at night
The theme for 2010’s holiday is centered on the parol
Solutions in Surface and Light
For the last three decades, Jaime Zobel de Ayala has been giving new
light and meaning to seemingly mundane and ordinary objects through his
masterful use of the lens. His latest exhibit, Solutions in Surface and Light, is
no exception.
Each piece is a subtle yet powerful reminder of the inherent beauty and elegance hidden in
the every day. Showcasing a plethora of colors and patterns carefully captured in every frame,
Zobel elicits a sense of renewed wonder and curiosity for the common and the familiar. Perhaps the most striking aspect of his works is their ability to disarm and draw viewers
in effortlessly. By revealing the brighter nature of his subjects and freeing them from their
normal ‘guises,’ Zobel pushes the boundaries of his own art, creating new possibilities for
his medium.
In his exhibit, Zobel succeeds as one of the most honest explorers of the natural world and
‘found objects’ in the Philippines today, transforming and giving new life to even the most
mundane of objects. Artist Igan D’Bayan poses beside his wall text
JZA with FZA and renowned Filipino designer and painter Royal Pineda
One of the night’s most esteemed guests, renowned Filipino artist
Juvenal Sanso
Lizzie and Iñigo Zobel grace the event as some of JZA’s special guests
Pocholo Lozano takes a close look at
one of the art works
Claudia Tambunting with Miguel Tambunting
Feature
Print on glass Artwork IV
Print on glass Artwork VII
Print on glass Artwork V
Architect Willie Coscolluela
attends the opening
Print on paper Artwork XI
Print on paper Artwork X
Managing director of
corporate strategy Eric
Francia visits the exhibit
Sofia Zobel-Elizalde and husband Patxi Elizalde take a good look
at Artwork 2
Fellow artists Juvenal Sanso and JZA
10
GILAS connects more than 3,000 public high schools
About 200 representatives from the Gearing up Internet Literacy and Access for Students
(GILAS) consortium and the Department of Education (DepEd) gathered at the ballroom of Hotel
Intercontinental Manila on November 30, to celebrate the connection of more than 3,000 Philippine
public high schools to the Internet. Among those who attended the benefit were Ayala chairman and
CEO Jaime Augusto Zobel de Ayala and DepEd Secretary Bro. Armin Luistro.
JAZA and DepEd Sec. Bro. Armin Luistro with representatives of local government units who pledged to support GILAS
In his speech during the event, JAZA mentioned how
different GILAS was from any organization and described it
as “a unifying ground that transcends self-interest for a very
special and important cause for education.” Inspired by the new government, JAZA hopes that by “connecting millions of public high school students to the
world of information and opportunity, GILAS has become
a meaningful contribution to the goal of ensuring that our
democracy translates to broader access to basic needs
and ultimately into better lives for all.”
Among those in the consortium was DepEd Secretary
Armin Luistro who showed his support for GILAS by
announcing the department’s plans to equip all public high
schools with a computer lab, and 10 Internet-connected
computers each. Aware of the country’s social and
learning gaps, he believes that GILAS “will enhance
democracy because it translates into broader access
and delivery of information.” He added, “We know the
DepEd can’t do it alone, and we are looking for innovative
measures such as the public-private sector partnership, to
address this problem.”
GILAS—a multisectoral initiative that aims to bring Internet
connectivity to all of the country’s 6,786 public high
schools—brings together the expertise and resources of
business organizations and companies, including those in
highly competitive industries such as telecommunications
and information technology, and involved partners in the
public and non government organization sectors, in order
to achieve the goal of bringing Internet connectivity to all
public high schools and help prepare young Filipinos for
the information-driven economy.
Before the launch of GILAS in 2005, only six percent of
what was then 5,443 public high schools were connected
to the Internet. Today, five years after the project was
launched, more than 3,000 schools, or roughly 44 percent
of all public high schools in the country, are connected to
the Internet, with 51 provinces and cities declared as 100
percent connected.
What is GILAS?
GILAS is an acronym for Gearing up
Internet Literacy and Access for Students,
a multi-sector initiative that aims to provide
Internet access for students and basic
Internet literacy programs in all the 6,784
public secondary schools in the Philippines.
The mission is led by a consortium of
private corporations and civic organizations
in coordination with the Department of
Education.
Why is there a need for this project?
Only 60 percent of the country’s public
high schools have computer laboratories
accessible to students. In an environment of
resource scarcity, Internet literacy is arguably
the most cost effective investment we can
make in our educational system.
GILAS also provides training for teachers from Internetconnected schools. The training helps the teachers
maximize the use of the Web as a resource for students,
and provides them the information needed to properly
care for the computers. To date, more than 12,000
teachers have been given training on information and
communication technology.
Who benefits from this project?
Primarily senior high school students in
the country’s public schools. Depending
on student density and availability of PC
workstations, the Internet laboratories may
be made available to high school students in
lower years as well.
Ronilo Aponte, a teacher at Capiz National High School,
says, “As a research teacher, I want to be able to share
the skills and knowledge of how to conduct a research
project. I want my students to be globally competitive.”
What does GILAS provide?
For schools that already have working
computer laboratories, GILAS provides
Internet connectivity packages and the
basic training necessary for teachers impart
Internet literacy skills to their students.
For schools that do not have working
computer laboratories, GILAS provides both
laboratories (at least ten PC units each) and
the Internet connectivity packages along with
the corresponding basic training. In both
cases, GILAS provides unlimited Internet
access for the laboratories for one year.
The GILAS consortium encourages the Department
of Education, school principals, and parent-teacher
associations (PTAs) to take the lead in maximizing the
use of the school’s computers and Internet connection, as
well as in ensuring the sustainability of the project in their
respective areas.
“Being the head of the division, I will see to it that this
project will be used through the years,” said Dr. Ester
Lozada, Education Schools Division Superintendent
at the Department of Education Division of Laguna
Province. “We are already coming up with sustainability
plans with our school heads and in partnership with the
local community.”
How does GILAS prioritize schools all
over the country?
The following factors are considered:
• the existence of elements necessary for
connectivity: laboratory infrastructure and
security, computer capacity, electricity,
phone connection or satellite availability;
• the local community’s participation in
ownership of the project, including their
joint plans for sustainability of the project;
• and the participation of the potential
donee community’s respective local
political chief executives.
The event also honored private donors including Goldman Sachs
represented by vice president Jovi Zalamea
Does GILAS monitor schools once
connection is delivered?
Yes. Monitoring is an integral part of GILAS’s
plans. It also considers the monitoring
concerns of the Department of Education.
How is the program sustained?
GILAS revolves around a “sustainability
tripod” which includes developing
community ownership with the help
and cooperation of LGUs, local DepEd
divisions, and parent-teacher associations;
establishing the project’s usefulness in
teaching and training; and lastly, building
financial capability through training.
Private sector partners with representatives from the Ayala group work hand in hand to bring GILAS to more schools
Special Feature
Innovation discussed at Ayala HR Summit
Representatives from different
Ayala Human Resource teams
met for the fourth annual Ayala
Group HR conference, held on
November 20 at the ballroom of
Intercontinental Manila.
This year’s theme, “Accelerating growth
and innovation through HR,” had
speakers talking about current trends
in HR development, primarily on the
definition of innovation.
In his opening remarks, managing
director and head of Ayala’s corporate
resources group John Philip Orbeta,
talked about the various changes the
Ayala HR team has done to make life
easier and better for its employees.
These include the HR Mall, a human
capital consulting and business process
outsourcing company that caters to
the needs of the whole organization,
while maximizing transactional and
transformational duties of HR.
Orbeta defined “transactional” as simple
day-to-day administrative work, while
“transformational” involves career and
growth development for employees.
Ayala president and COO Fernando
Zobel de Ayala then spoke extensively
on the overall business environment
of the company, praising the group’s
very strong performance for the third
quarter, which he attributed to “the very
able hands of its management teams.”
He said, “Our business environment is
attracting interest from the investment
community as well as from large
global corporations. With still so much
uncertainty in many of the other major
markets, including Europe and the US,
there is genuine interest to increase
investments in Asia in general.”
However, FZA also cautioned the group
about being complacent, pointing out that
176 years of history and experience are
not enough for a business to succeed.
He also underscored “the need to create
a stronger culture of innovation and
customer-focus into the company’s DNA
as a group,” and that “the role of HR
is now more than ever pivotal to future
business success and sustainability.”
Later that day, top executives from the
Ayala group of companies attended
a panel discussion and exchanged
viewpoints on innovation and talent
management. Among them were Ayala
chairman and CEO Jaime Augusto
Zobel de Ayala; BPI president Aurelio
Montinola III; Ayala Land president and
CEO Antonino Aquino; IMI president
and CEO Arthur Tan; and LiveIt CEO
Fred Ayala. The panel discussion was
moderated by JP Orbeta. The day ended
with the first awarding of the JZA Cup to
Manila Water for winning the recentlyconcluded Ayala olympics.
FZA talks about the constant
need for innovation within the
Ayala Group
Elmer Velasquez, executive search and leadership
consulting associate at Heidrick & Struggles, talks about
how various global companies are innovating today
Ayala group CEOs JP Orbeta, Aurelio Montinola III, JAZA, Fred Ayala, Antonino Aquino, and
Arthur Tan discuss the importance of talent management
Heroes in the world of business Twenty-two years ago, 15 businessmen joined then President Corazon
C. Aquino and her former chief of staff, General Renato S. de Villa,
in a special mission to “help rear and educate orphans.” At the time,
hundreds of children and families were left behind by soldiers who
were killed in the battle against rebels and insurgents.
Jaime Zobel de Ayala led the businessmen who included, among others, Raul
Concepcion, chairman of Concepcion Industries; Washington Sycip, chairman of SGV
and Associates; Cesar Buenaventura, former president of Pilipinas Shell Petroleum
Corp.; and Wilfrido Tecson, head of The Consolidated Bank and Trust Company.
Together with the former President and the AFP leaders, they made sure that the
orphans would get additional financial support to keep them in school.
HERO Foundation was then organized to
secure an endowment fund for the military
orphans. Each year, every qualified orphan
receives a stipend that augments the
government’s mandated tuition fee support.
The amount is used by the families for meals,
transportation, and school supplies that enable
the children to sustain their schooling. The
foundation has helped a total of 2,156 orphans
since 1988. More than 700 of these orphans
have graduated from college. However, the
number of orphans needing support continues
to increase.
To this day, as people go about their daily grind at home and at work, Filipino soldiers
live in very dangerous circumstances. They are away from their families and are always
prepared to die in the line of duty. When these brave soldiers die, their families find
themselves faced with an uncertain future.
FZA and JZA with supporters of the HERO Foundation
This year, a new generation of businessmen is making a sincere effort to respond
to the persistent challenge that our soldier-heroes and their families face.
HERO Foundation recently elected a new board of trustees with Ayala Land
chairman Fernando Zobel de Ayala and ALI president Antonino T. Aquino at
the helm. Pledging support for HERO Foundation are Pinky Aquino Abellada,
daughter of former President Aquino; Michael Tan, CEO of Asia Brewery; Ton
Concepcion, CEO of Condura; Hans Sy, CEO of SM; Ces Drilon, broadcast
journalist; Miguel Belmonte, publisher of The Philippine Star; Carlos Garcia
Dominguez, CEO of Philippine Tobacco; Ernest Cu, CEO of GlobeTelecom; and
Margie Juico, chairperson of PCSO.
During its annual board meeting held at Intercontinental Manila this year, the
founding members of the board were also awarded for their years of service and
commitment to the foundation. Most of them will remain members of an advisory
board that will ensure that the foundation’s principles will serve as the anchor of
every program it rolls out in the future.
Ayala Land played a big role in making sure the foundation gets the boost it
deserves. A HERO task force led by Antonino Aquino; NUVALI general manager
Jun Bisnar (who himself is a graduate of the Philippine Military Academy); and ALI
Human Resource and Public Affairs group head Pinky Ruiz, set the framework
for revitalization. The ALI task force designed a three-point strategy that was
presented to the new board. These are: Enhance the HERO organization; launch
a fund-raising program; and build new partnerships.
12
Building Communities:
The Catanduanes Story
The Ayala group of Company’s flagship program for youth development continues to transform
communities and reach out to more student leaders across the country.
With the Ayala Young Leaders Congress (AYLC) program at the forefront, the Ayala Foundation
Leadership Communities (LeadCom) program is reaching out to other students across the
country where opportunities for participation in leadership programs are few.
LeadCom aims to develop, inspire, empower, and nurture the leadership skills of young Filipinos
and promote servant leadership values among student leaders in various parts of the country.
The LeadCom program draws inspiration from the annual AYLC, and was developed to provide
an opportunity for a greater number of young leaders to improve their leadership capacities.
LeadCom had its first run on October 18 to 20 at the 1st Catanduanes Student Leaders
Congress (CSLC). The CSLC gathered 79 student leaders from seven universities and colleges
in Catanduanes for a three-day leadership training seminar, which included talks, group
discussions, personal re-evaluation exercises, and experiential learning challenges.
For three days student leaders shared their life and leadership stories, and gained a new
perspectives from their peers. In an unforgettable leadership journey, participants took part
in challenges designed to bring about a greater sense of self-awareness and leadership, and
established stronger values of trust, teamwork, effective communication, and collaboration.
“I have attended several leadership camps before, but this one is different. I really took my
realizations to heart. The congress made me realize that there are a lot of things I have to learn
about myself, and how to be an effective servant leader,” shared Emlyn Graciela Lanon of
Catanduanes State Colleges.
The highlight of the congress was the keynote speech delivered by Commission on Elections
Commissioner Rene V. Sarmiento. Growing up in Catanduanes where leadership programs are
scarce, Sarmiento talked about his experience in servant leadership. He likewise challenged
the student leaders to work together and to commit themselves to improving their communities,
specifically, their home province of Catanduanes.
CSLC participants with facilitators and organizers
“Our dream is to help form more servant leaders who will dedicate themselves
to leading their local communities and eventually, larger sectors of society,”
said Simon C. Mossesgeld, AYLC congress director. “We are seeing this
happen among our AYLC alumni, a number of whom already have leadership
roles and responsibilities that impact a broad segment of society. Likewise,
our wish is for these young leaders from the 1st CSLC and future LeadCom
Programs to become more effective servant leaders themselves and help form
other leaders who will also use their leadership to improve the lives of others.”
Choosing Catanduanes
Catanduanes is an island province at the Southern tip of the Bicol region.
Because of its location, which makes it prone to typhoons and travel difficult,
leadership development programs in the province are rare.
Catanduanes caught the attention of Ayala Corporation’s chairman
emeritus Jaime Zobel de Ayala, who posed a challenge during the 12th
AYLC for Ayala to reach out to a greater number
of youth leaders. In response, Ayala Foundation
Youth Leadership Development Unit met with
Catanduanes’ school and government officials.
LeadCom Catanduanes brought together seven
partner schools, namely: Catanduanes State
Colleges (Main Campus and Panganiban campus);
Catanduanes Computer Learning Center Inc.;
Hauswirtchaft Training Institute; TESDA-CSHCICabugao, Bato, Catanduanes; Christian Polytechnic
Institute of Catanduanes Inc.; Catanduanes School
of Advance Technology; and Catanduanes Institute
of Technology Foundation Inc.
Ayala Foundation’s LeadCom (CSLC) participate in Catanduanes
Ayala Foundation in partnership with the seven
schools along with the Provincial Government
of Catanduanes established a local LeadCom
Organizing Committee that oversaw the local
mobilization of resources and selection of
participants. Gintong Pamana Awards Foundation,
Inc. likewise extended its support to the 1st CSLC.
Ayala’s Belief in the Youth
A Community of Leaders and Believers
In the past years, Ayala has been at the forefront in developing the leadership potential of the
Filipino youth through its flagship program, the Ayala Young Leaders Congress. It annually
brings together 80 of the most outstanding student leaders from across the country for a
leadership congress.
Leadership is a responsibility that every Filipino carries. Each individual
has the potential to be a leader. That capacity is multiplied when leaders
work together.
“Because of AYLC, we have been able to bring together a community of passionate young
leaders who are committed to national development. We hope to have the same community
of leaders in Catanduanes and in other areas of our country…we continue to believe in the
leadership of the Filipino youth and in their energy and spirit to make change happen in the
country,” says John Philip Orbeta, AYLC program director.
Ayala Foundation’s senior director for education and development Mario A. Deriquito added
that through the LeadCom program, Ayala continues to nurture young leaders.
“Ayala hopes to expand its work in the area of youth leadership development and make
quality leadership development programs available for more student leaders, especially in
areas that have very little access or opportunities for such programs,” Deriquito explained.
The 1st CSLC allowed participants to regain and renew their sense of hope
and belief in themselves, in their community and in the country. Through the
congress, 79 student leaders discovered their own capacities to lead and
bring about change.
Ultimately they discovered a new group—a community of leaders with
the same dreams and passions. For the young leaders of Catanduanes,
they have become a stronger community of leaders and believers working
towards a better tomorrow.
---For more information about LeadCom or a LeadCom activity in your area,
please get in touch with Mildred Ople at (632)752-1065 or ople.mf@
ayalafoundation.org.
Ayala Cares
Children’s Hour commemorates 10 years of service
Partners, supporters, and members of
the media recently gathered at the Antel
Lifestyle City for Children’s Hour Philippines,
Inc.’s (CHPI) Annual Benefit Lunch.
The event which carried the theme “APIR:
Sampung Taong Pagtulong sa Batang Pilipino,”
commemorated the group’s 10th campaign year, an
important milestone in CHPI history. Present at the
lunch was President Benigno S. Aquino III, who was
keynote speaker and guest of honor.
President Aquino gives his
speech during the Children’s
Hour benefit
According to Children’s Hour chair Emily Abrera, CHPI ultimately hopes to provide
every Filipino child a bright, happy, healthy, safe, and meaningful future. “Each young
person deserves to enjoy the essence of their youth and all the possibilities that come
with it,” she said. “This is not only so that they can experience the joy of a fulfilling
life; but also so that they can, one day, effect positive change for the betterment of
the country and the rest of the world. Surely, nothing sparks hope for a better and
brighter future than the untapped potential of every child.”
Guests enjoyed a sumptuous meal prepared by
renowned chef Billy King and were treated to a
series of performances by some of the country’s
finest entertainers. Proceeds from the hour-long
collective contribution will fund CHPI’s projects for
disadvantaged children.
Established in 1999, CHPI is committed to
generating resources for children without access
to basic necessities, education, and special protection nationwide by encouraging
employees, individuals, and organizations to share one hour’s worth of their earnings
once a year.
Flagship projects include CommUnity through Literacy, in partnership with Synergeia
Foundation, Inc. By actively engaging the community
stakeholders CommUnity aims to improve children’s functional
literacy so they become independent learners. Meanwhile,
Sharing the Light seeks to rehabilitate public high schools by
building necessary operational and physical infrastractures.
JAZA signs his name on the APIR wall to show his commitment
There is also the Children’s Hour Educational Benefit Program,
in partnership with the Educational Benefit System Office of the
Armed Forces of the Philippines. It supports the educational
needs of academically outstanding yet poor orphans of soldiers
nationwide and active military personnel dependents reside in or
have relocated to Metro Manila.
Other projects focus on areas of early childhood care and
development, health and nutrition, and formal education.
Some of these projects include Foundational Learning for the
Matigsalug Indigenous Children, BOOKsan ang KinaBOOKasan,
and Basic Health Services to Indigenous Children.
Through its past nine campaigns, CHPI has been able to raise
over P201 million in cash and services, which has allowed it
to fuel more than 500 projects all over the Philippines. As of
today, with the help and support of friends and donors, the
organization has been able to transform the lives of 609,617
children for the better.
Pres. Aquino witnesses the awarding of tokens of appreciation to JAZA and CHPI vice chairman Ambassador Bienvenido
Tan (3rd from right), given by CHPI Emily Abrera (3rd from left), for their continued support to Children’s Hour. They are
joined by Mrs. Emma Tan (left), Lizzie Zobel (2nd from left), and CHPI executive director Gee Mayuga (right)
Two international icons receive BPInoy Awards
On its fifth year of honoring outstanding overseas Filipinos, the Bank of the Philippine Islands chose international singer Charice
Pempengco, and the chairman of the Hydrocephalus Foundation of the Philippines, Dr. Manuel Cacdac as this year’s recipients of
BPInoy Awards. The two were chosen for their exceptional achievements and contributions to the global Filipino community and were
awarded on November 26 at the Makati Shangri-La Hotel.
The BPInoy Awards, an annual initiative of BPI, aims to encourage nationalism among Filipinos abroad,
and to communicate BPI’s commitment to excellence in the service of overseas Filipinos. “Through
the BPInoy Awards, we are creating an avenue for Filipinos all over the world to connect, inspire, and
celebrate distinct nationalistic pride in everyone. BPI recognizes our deserving countrymen, whose
stories attest to the world that we, Filipinos, are globally competitive,” shares BPI Overseas Banking
and Channels Services executive vice president and group head Teresita Tan.
Pempengco is an 18-year old Filipina international singer who was dubbed by Oprah Winfrey as
the “most talented girl in the world.” She is the first Asian artist in history to land in the Top 10 of the
Billboard 200 album chart in the world.
Meanwhile, Cacdac is the founder and chairman of the Board of the Hydrocephalus Foundation
of the Philippines. Cacdac held notable ranks in the medical community here and abroad and has
been sharing and giving hope for many marginalized Filipino communities for years by initiating and
performing hydrocephalus operations for free in poor local communities, including the Philippines.
To know more about BPInoy Awards, visit www.bpi.com.ph
Dr. Manuel Cacdac
has been performing
hydrocephalus operations
free of charge for poor
communities for many years
Singer Charice Pempengco is
the first Asian artist to land in
the Billboard Top 10
14
A Page from
Ayala History
Former Mitsubishi chairman Chujiro Fujino ink
one of the first agreements made by the AyalaMitsubishi partnership
Enrique Zobel de Ayala sign an
agreement with then Mitsubishi
president Chujiro Fujino
Ayala and Mitsubishi: Thirty-six
years of enduring partnership
FZA and JAZA show their appreciation by giving a gift to senior advisor of Mitsubishi Corp.,
Shinroku Morohashi
On January 17, 1974 Chujiro Fujino, then president of Mitsubishi
Corporation signed an agreement with then Ayala president Enrique
Zobel to facilitate future and possible business ventures in the
country. Little did they know that in the next 36 years, this relationship
would endure, and even become one of the most prolific business
partnerships the country has ever seen.
For decades, and after surviving multiple leadership transitions, Ayala and Mitsubishi
continue to remain partners in helping the country produce more job opportunities
through joint collaborations and existing ventures. These partnerships have formed
the foundation for future growth and innovation in the realm of real estate, financial
services, telecommunications, water distribution, electronics and information technology,
automotive assembly, business process outsourcing, and internal investments.
The Laguna Technopark Inc., the Honda and Isuzu Automotive dealerships, Integrated
Micro-Electronics Inc., and Manila Water Company are only some of the successful
endeavors made possible through the Ayala-Mitsubishi partnership. Just recently, Ayala
entered into another joint-agreement through its wholly-owned subsidiary, Michigan
Power Inc, with Diamond Generating Asia Ltd.—also a wholly owned subsidiary of
Mitsubishi Corp—to explore opportunities in the field of solar power in the Philippines.
With trust as foundation for these partnerships, Ayala and its partners have been able
to leverage their expertise, resources, capabilities, and client bases for their mutual
benefit, with results often exceeding the sum of its parts. Speaking on the occasion of
the 25th anniversary of the Ayala-Mitsubishi partnership in 1999, Ayala chairman and
CEO Jaime Zobel de Ayala pointed out that their partnership is proof “that persistence
and far-reaching vision ultimately yields the best. “Our partnership works for the
movers of business ventures and more important, for our clients, for whom it is our duty
to provide the best we can offer.”
JAZA and FZA with Mitsubishi chairman Minoru Makihara commemorate the decades-long
Ayala-Mitsubishi partnership during its 35th anniversary in 2009
Committed to a shared vision, and anchored on the same values of trust and mutual
respect, the Ayala and Mitsubishi partnership is sure to endure for many more years
to come.
Executives of Ayala and Mitsubishi pose for a photo in October 2009 in celebration of the 35th anniversary of the Ayala-Mitsubishi partnership
Text2Teach reaches Ilocos Norte
Teachers observe the Text2Teach demo
(From left) Mayor Tom Torralba, Mayor Arlene Torralba, AFI’s Marisse Catangay, PSDS Jessie
Apostol, and Councilor Jennice Gorospe, with other LGU officials at the MOA signing
For the second half of 2010, the
Text2Teach team set its sights on Ilocos
Norte, and presented its project to
various local goverment units (LGUs) and
Department of Education (DepEd) units.
After a short period of time—and despite
the project being launched at the peak
of mayoral and barangay elections—the
busy election season did not stop the
project from being a success, as several
local governments and DepEd units
in the region committed to implement
Text2Teach in their respective areas.
Municipal mayors who signed
the Text2Teach memorandum of
agreements were: Arlene Torralba
of Badoc; Jeffrey Jubal Nalupta of
Batac; Aldrin Garvida of Nueva Era,
Joy Banagui Fernandez of Carasi;
Nicodemes de la Cruz of Bacarra Jr.;
and Edito Alberto Balintona of Sarrat.
All the MOAs were signed by Ayala
Foundation senior director Mario Deriquito
on behalf of the Text2Teach alliance.
Kolin Philippines International; teachers’
guides; three-day teachers’ training; and
technical/help desk support for one year.
Before a school can make use of the
Text2Teach program it must first go
through a validation process conducted
by members of the Text2Teach team. The
validation process includes interviewing
the school principals, and taking pictures
of the school grounds as well as the
proposed Text2Teach classrooms.
Through 3G-enabled devices, like the
Nokia N95 and N86, and the application
called Nokia Education Delivery or NED,
teachers can download, choose, and
use educational materials for the specific
subjects they teach. Not only does NED
provide highly effective visual aids for
teachers, it also creates an interactive,
student-focused learning environment in
the classroom. Once the schools for each area have
been selected, each school will be
provided with a Nokia N95 8GB mobile
phone pre-loaded with almost 400
educational audio and video materials
on grade 5 and 6 Math, Science, and
English; a Globe pre-paid SIM card with
a monthly load of P150 for one year;
a 29-inch colored TV set provided by
conceptualized by Nokia, the International
Youth Foundation, Pearson, and the
United Nations Development Program in
2003. Since the program was pilot-tested
in the Philippines in 2003, more than a
million public elementary school students
and more than 1,700 teachers and
school officials in the country have been
benefiting from Text2Teach.
Text2Teach implementation in Ilocos
Norte brings the project much closer to
achieving its goal of reaching more than
500 new schools by 2011. Text2Teach is the Philippine name of
the global BridgeIT program which was
CENTEX scholars attend “writeshop” in Davao
Regional English language officer George Scholz of the US Embassy with one of the CENTEX scholars
One of the CENTEX scholars, Angelo John Paraiso, is interviewed by ABS-CBN
Twenty-nine high school scholars of the Center of Excellence in Public Elementary Education (CENTEX) participated in an English writing workshop for youth leaders sponsored by Kasilak
Development Foundation, Inc. (KDFI) and the U.S. Embassy at the Brokenshire College and
Resort Complex in Matina, Davao City, from October 25 to 29.
The workshop which carried the theme, “How can I contribute to a better future?,” gathered
more than 200 youth alumni of U.S.-funded programs from across the country and was
designed to increase the students’ competence in English writing. The participants also worked
towards sharing their experiences and leadership skills with one another.
The week-long workshop was facilitated by regional English language officer George Scholz,
along with Filipino alumni from youth exchange programs. During the training, CENTEX
participants were also tapped to help facilitate blogging sessions and to assist fellow students
in producing materials for the workshop blog.
A number of the essays by CENTEX alumni were read and commended during the program’s
culminating day. “The writing workshop also allowed us to learn from each other’s cultures,”
said Clarisse Baltazar, CENTEX scholar at Sta. Isabel College-Manila.
Volunteers teach other students how to blog
The students who are also scholars of the U.S. Department of State’s English Access
Microscholarship Program, are now undergoing the second year implementation of the
program. They meet on selected Saturdays throughout the year for intensive classes to
develop communication skills.
16
BPI awards ten outstanding
expat Pinoy children
Ayala group stands out in 2010 Philippine Quill Awards
Companies led by Ayala
Land, Globe, Manila Water
and Ayala Foundation all
received top honors in the
recently concluded 2010
Philippine Quill Awards.
Winners of the Expat Pinoy search with BPI
president Aurelio Montinola III
Bank of the Philippine Islands recently
announced the winners of the search for Ten
Outstanding Expat Pinoy Children. BPI initiated
the contest with the objective of honoring
children of overseas Filipinos and promoting
the value of education, culture of excellence,
and nationalistic pride among Overseas
Filipinos and their families.
On its fourth year, the nationwide search
launched four award categories for 10
winning students: Ibang Klaseng Talino,
Ibang Klaseng Entrepreneur, Ibang Klaseng
Community Leader, and Ibang Klaseng Artist/
Athlete Awards.
The search was open to children of Overseas
Filipinos with current work contracts abroad,
college students not more than 21 years
old, presently enrolled in a four-year course,
and with no failing grade. Applicants also
submitted an essay answering the question,
“What is my role in nation building as a child of
an Expat Pinoy?”
The applicants were judged by a screening
committee based on their academic
excellence, community contribution, and other
non-academic talents or skills insports, music,
or the arts.
Ayala Malls received the coveted
Award of Excellence for its “UOne of the biggest winners of the night was Globe Telecom
First” campaign and Market!
Market!’s “Recycling is in the Bag.” Merit awards were given to Ayala Malls “Greenology” and Alabang Town Center’s “A Chance to Share” campaigns.
Meanwhile Globe received three Excellence awards for Kalinga sa Bayan (Community Relations), Globe Negostar Fair
(Marketing Communications), and Globe Great Deals Catalogue and Globe Life Magazine (Publications).
Globe was also awarded with 13 Merit citations for Bangon Pinoy (Community Relations), Globe Store: The Blueprint
of the Future (Media Relations, Special Events), Globe Cordillera Challenge (Media Relations, Multi-Audience
Communication, Special Events, Graphic Design), Ka-Globe Jam (Special Events), Globe WiMAX Launches (Special
Events), Lifeboats and Lifelines (Special Events), Globe Goes Green (Economic, Social, and Environmental Program),
ICON: The Globe Intranet (Electronic and Digital Communication) and Globe BridgeCom Booth (Graphic Design).
Manila Water also won the merit award for its Water Trail Education Program (Communication Management Category) a
program which informs various stakeholders to learn more about
water and wastewater treatment.
Lastly the Ayala Foundation, Inc.–Youth Leadership Development
Unit bagged the “2010 Philippine Quill–Award of Excellence” for its
12th National Ayala Young Leaders Congress (AYLC 2010).
The Philippine Quill Awards recognizes best practices and the
highest level of achievement by communicators through thought
leadership, technical skills, and sustainable solutions in their
successful programs.
Representatives from the Ayala group, Manila Water and
AYLC were all honored at the Philippine Quill Awards
A dining experience like no other at the heart of Makati
The winners received a trophy and P50,000 in
cash credited to a BPInoy Savings Account.
For a complete list of the 2010 awardees, visit
www.bpi.com.ph
MWC holds event for Boracay
stakeholders
The restaurants at the Ayala Triangle Gardens offer a fresh and unique
experience for the denizens of Makati
Among those present were: BIWC general
manager Melvin Tan; PWWA VP for National
Affairs Atty. Daniel P. Fandino Jr; BIWC president
Perry Rivera; Ms. Earth 2010 Sandra Seifert;
PWWA President Proceso Domingo; operations
group director Ding Carpio, Arlene Villarroel,
Manila Water EZBO Director Abe Basilio, and
Yelo King Plant Manager Jeffrey Tejada Edang
Boracay Island Water Co. (BIWC), a Manila
Water subsidiary, recently held a “Partners in
Sustainability Night” during the 2010 PhilWater
Convention in Boracay. The event was held
to recognize key stakeholders who have
shown commitment in ensuring a sustainable
environment by protecting Boracay’s waters.
BIWC President Virgilio C. Rivera, Jr. said that
the company will invest in the next five years on
initiatives that will improve water and sewerage
services to preserve Boracay’s beaches and
help maintain and sustain the island’s tourist
traffic and businesses for generations.
A great dining experience is about good food enjoyed in a
relaxing and remarkable setting. With wide, open spaces,
a variety of trees, and natural landscaping, the restaurants
at the Ayala Triangle Gardens offer delicious food, Wi-Fi
connectivity, and a comfortable and serene haven at the
center of the bustling Makati Central Business District—all
of which create the perfect space for taking a refreshing
snack, holding a lunch meeting, or simply enjoying a nice
cup of coffee or a glass of wine after a hard day’s work.
From old favorites and first-in-the country restaurants,
12 unique and exceptional dining establishments offer
a buffet of flavors sure to satisfy any craving and taste.
Ayala Land senior vice president and Ayala Malls
group head Marivic Añonuevo says, “The restaurants
at the Ayala Triangle Gardens were introduced to
complement and complete the Ayala Triangle Gardens.
The restaurant row is truly special as it offers a dining
experience like no other.”
Customers can enjoy Angus beef tapa with fried rice from
Chef Laudico’s BFast All Day Breakfast Cafe; tasty Korean
chicken wings from Bon Chon Chicken, an international
franchise famous in New York; and savor delectable Hainanese
chicken from Wee Nam Kee of Singapore.
Other restaurants in the garden are Banapple Pies and
Cheesecakes, Golden Spoon, C.B.D (Cheesesteaks, Burgers,
and Drinks), Omakase, Pho 24, Amici, Cara Mia, Kanin Club,
Momo! Café, and Coffee Bean & Tea Leaf.
“We really challenged ourselves to have a superb mix of
restaurants at the Ayala Triangle Gardens. These choices
were carefully selected to provide an interesting mix of dining
offerings to excite the Makati market.” says chief operating
officer of Ayala Malls, Rowena Tomeldan.
The restaurants at the Ayala Triangle Gardens were officially
launched last November 17 and complement Ayala Land’s
vision for the redevelopment of Makati as a mixed-use
community, where residents, urbanites, and visitors can enjoy
work and entertainment, and have a leisurely time all in one
vibrant location.
For more information, visit the Ayala Triangle Gardens website
at www.ayalatrianglegardens.com.
Manila Water closes $150 million deal with major Japanese banks
Manila Water recently closed a US$150 million loan agreement with four major Japanese banks—
ING Bank N.V. Tokyo Branch, Bank of Tokyo Mitsubishi UFJ, Mizuho Corporate Bank, and Sumitomo
Mitsui Banking Corporation. The loan which was guaranteed by the Nippon Export and Investment
Insurance (NEXI) is the first of its kind to be issued for a water project—a concrete sign of NEXI’s
support for Manila Water’s financial capability and initiatives toward enabling the sustainable delivery
of world-class water services to its customers. Manila Water Company recently signed a landmark loan worth US$150 million to support its extensive capital expenditure plan.
Photo shows (from left): MWC president Gerardo C. Ablaza, Jr., MWC chairman, FZA; NEXI vice-chairman Fumihiko Kato, and ING
Bank country manager Yogi Morishita, and MWC CFO Luis Juan Oreta
According to NEXI vice-chairman Fumihiko Kato, “Manila Water has achieved remarkable success since its privatization,
and it is indeed a great honor for NEXI to be able to contribute to the company’s further growth and development. Today,
Manila Water has a reputation of being one of the most successful private water suppliers in Asia.”
The loan will be used primarily for the continued improvement of the water network in the Manila East Zone, and will include
the laying of additional primary mains, and the construction and rehabilitation of facilities such as pumping stations and
storage infrastructure. Manila Water president and CEO Gerardo C. Ablaza, Jr. said, “We highly appreciate this partnership between Manila Water
and NEXI, as this allows us to rehabilitate more pipelines and make our water network even more efficient. This loan will
ensure continuously high quality water services to our over 6.1 million customers in Manila’s East Zone and will help us
contribute significantly to the provision of universal access to water and sanitation to more Filipinos.”
Ayala Land launches novel boutique hotels in key locations Ayala Land, Inc.’s (ALI) new boutique hotels are likely to set a trend in the industry. At the recent
groundbreaking rites of the first property at Bonifacio Global City, Junie Jalandoni, vice president
and group head of ALI Capital and Hotels, said the new hotels would be the first among a series of
hotel properties that are designed for strategic locations and demographics.
Slated for completion in 2012, the first
boutique hotel draws on ALI’s track
record for creating distinctive properties.
It will be located on 11th Street, a main
thoroughfare in Bonifacio Global City
that also intersects the fashionable retail
center, Bonifacio High Street. It is a short
walk to the shops, restaurants, bars, art
works, and entertainment centers that
make up this retail boulevard defined by a
strip of green.
“For business travelers, location is very
important. Time is precious to them and
ALI president Antonino Aquino with Ayala Malls group head Marivic Añonuevo, deputy
they want everything within reach. At the
head Rowena Tomaldan and representatives from C.T. Onglao and Associates attend
same time, they are exposed to global
the groundbreaking ceremony for the latest boutique hotel at Bonifacio High Street
standards and have developed a certain
level of sophistication. Thus, the hotel
will be business-friendly, stylish, but with a warm social atmosphere. Our boutique hotel is aimed at both foreign and local
business travelers looking for an alternative, unique dwelling in an urban setting,” said Jalandoni.
The 180-room hotel, designed by C.T. Onglao and Associates, will have a distinct design, and offer local flavor, accessible
technology, and sharp service—while giving guests value for their money. As a home away from home, the boutique hotel
will provide well-designed rooms, ample meeting rooms, communal spaces, a business corner, a gym, swimming pool,
and a rooftop bar that faces Serendra.
ALI will also be rolling out boutique hotels in Alabang, Quezon City, Davao, and Cagayan de Oro, according to Jalandoni.
Certain design features will be carried in each property in line with its brand identity. The boutique hotels are considered
essential elements of Ayala Land’s self-contained mixed-use business centers. As in other ALI properties, this hotel will
adopt sustainable design features and operational best practices.
“We are starting a new wave of accommodations that will offer style, location, and comfort at good prices. These hotels are
key elements of the work and leisure environment provided by Ayala Land’s mixed-use developments,” said Jalandoni.
Globe DUO hailed finalist in
2010 Mobile Excellence Awards
Globe DUO, a breakthrough
product of Globe Telecom, has
been chosen as a finalist in the Best
Mobile Service Category of the 2010
Mobile Excellence Awards. Globe
DUO competed with well-known
international brands in the field of
mobile services and high-technology
solutions under the said category.
Launched in April 2009, Globe DUO offers
the first-ever 2-in-1 mobile and landline
service that provides unlimited, meter-free
calls to landlines and other DUO users.
Globe DUO has helped subscribers save
on communication costs by giving them an
easier and more economical way to stay in
touch with other DUO users and landline
users within their local calling area.
“This recognition came from our customers
who became our foremost advocates
of this breakthrough service. The word
of mouth endorsement for this service
has been astounding. The DUO service
platform also paved the way for other
breakthrough products like SuperDUO and
SuperHomephone which combine unlimited
landline calling and unlimited calling to
Globe/Touch Mobile,” said Ferdinand de la
Cruz, head for consumer sales of Globe. “We
offer this global recognition to our customers
who continue to inspire us to innovate our
products to serve their needs and break
traditional ways of communicating for
personal or business use.”
The prestigious Mobile Excellence Awards
recognize the best in mobile business and
entertainment, including media, marketing
and technology. The award-giving body
honors excellence in achievements of mobile
entertainment from start-ups to applications,
to studios, including interactive media, film,
television, music, games, and agencies.
Entries are judged by luminaries handpicked
from industry leaders, mobile and digital
entertainment industries representing the
creative community, major media companies,
as well as digital and mobile media services.
18
APMC passes audit
with flying colors
Ayala Property Management Corporation
(APMC) recently passed its 4th surveillance
audit with zero non-conformance violations. A
periodic audit performed by an external auditor
(Certification International Philippines or CIP) is
conducted to ensure that APMC sustains its ISO
requirements every year. The properties that
were audited included: Solaris, Bonifacio Bridge,
Nuvali, Trinoma, Glorietta 5, Montgomery Place,
and all of APMC’s other support groups.
Isuzu finishes fifth in 1st Isuzu
World Grand Prix
(From left) IADI technical training officer Gino V.
Batan, IADI Service functional director Alex B.
Paguio, Arnold Victorio, Joffry Buniel, and Ayala
Automotive Group president Rufino Luis T. Manotok
The Isuzu Automotive Dealership, Inc. (IADI)
team represented by Arnold Victorio and
Joffry Buniel with coach Joey Bias, finished
fifth at the recently concluded 1st Isuzu World
Grand Prix held at the Isuzu Training Center
in Kawasaki, Japan. The IADI team competed
against representatives from Europe, North
America, the Middle East, and Southeast Asia.
Victorio and Buniel, who are both from Isuzu
Alabang, are grandslam winners from the Isuzu
Service Skills Olympics held last April by Isuzu
Philippines Corporation (IPC). Coach Joey Bias,
from Isuzu Philippines guided the technicians
during the course of the competition.
Contestants competed in two categories where
their competence in basic vehicle inspection
procedures, diagnosing procedures (technical
competition), and written skills (academic
competition) were put to test.
FZA participates in the selection of 2010 MOTY awardee
Ayala president and chief
operating officer Fernando
Zobel de Ayala participated in
the selection process of the
2010 Microentrepreneur of the
year (MOTY) awardee for the
Microentrepreneur Awards
Program of Citi, the Microfinance
Council of the Philippines and
Bangko Sentral ng Pilipinas.
FZA witm members of the National Selection Comittiee (from left) RFM president and CEO
Jose Ma. A Concepcion III, Citi country officer Sanjiv Vohra, BSP Governor Amando A.
This is the eigth run of the
Tetangco Jr., Philippine Daily Inquirer chairman Marixi Rufino-Prieto, and Ateneo de Manila
Microentrepreneur Awards
University professor Darwin Yu
Program which aims to highlight
the importance of microfinance in
economic development as well as recognize the many inspiring stories of microentrepreneurs.
The search and selection for awardees is comprehensive and rigorous. This year microfinance institutions gathered and
short-listed 90 nominees from around the country. Out of this shortlist, the technical working team further trimmed the
number down to 29. These 29 nominees were then visited for validation and further information gathering. After the visits, a
final shortlist of 17 was made for the National Selection Committee.
Globe Telecom launches Philippines’ first mobile ads platform
Globe Telecom and its partner, Out There Media, marked a
first in the Philippine advertising industry with the launch of
the first mobile advertising platform in the Philippines. The
launch was capped by a workshop for the country’s top
advertisers on how to harness the power and capabilities of
mobile advertising to reach target audiences.
The mobile advertising service, titled “My Rewards, My
Globe Plus,” is a next-generation permission-based mobile
Globe president and CEO Ernest Cu (2nd from left) and Minette advertising service for opt-in customers. It is the only
Navarrete, head of the New Business Group (left), sign a
mobile advertising program of its kind in the Philippines.
contract with global mobile advertising leader Out There Media,
Globe subscribers will be able to choose to receive
represented by its CEO Kerstin Trikalitis and Fabrizio Caruso,
mobile ads from their preferred categories, be it fashion or
vice president for Business Development & general manager
food, from brands, products or services they would want
for Asia-Pacific
to try. They will also give permission (opt-in) to receive
advertising on their mobile phones that is tailored to their
preferences, interests, and needs. In exchange for opting to receive mobile ads, subscribers can earn points redeemable
against discounts and free gifts from the loyalty program for all of its subscribers.
Mitsubishi holds international advisory meeting
Timezone celebrates Christmas
early with Child Haus
Timezone celebrated Christmas early this
year with the kids of Child Haus (Center for
Health Improvement and Life Development) on
November 17.
The Ricky Reyes Foundation founded Child
Haus to serve as a temporary shelter that
provides free room and board to indigent sick
children from the provinces, while they undergo
medical treatment such as chemotherapy in
Metro Manila hospitals. The children were treated to a simple party held
at Timezone Glorietta 4 hosted by actress RR
Herrera and singer Karylle. Karylle, who has
been hosting the Timezone Christmas Party for
the last three years, was joined by Child Haus
founder Ricky Reyes and fellow celebrities
Venus Raj, Ryan Bang and Joe of “Pinoy Big
Brother,” Victor Basa, Ala Kim, Ruther Urquia,
and Zsa Zsa Padilla.
The kids of Child Haus with staff, volunteers and
celebrity guests
Mitsubishi Corporation’s International Advisory Committee, composed mainly of directors, auditors, and experts, recently held its annual
meeting in Japan. Among those present were (seated from left) Dr. Herminio Blanco Mendoza, Prof. Joseph S. Nye, Ratan N. Tata, Jaime
Augusto Zobel de Ayala, (standing from left) Ambassador Ryozo Kato, Minoru Makihara, Mikio Sasaki, Yorihiko Kojima, Ken Kobayashi,
and Hidehiro Konno.
Ayala secures sixyear USD funding
Ayala Corporation, through its wholly owned
subsidiary, AYC Finance Ltd., recently signed a
US $260 million six-year facility. A unique term loan
facility with an average life of 5.5 years, the loan was
priced at an all-in rate of London Interbank Offered
Rate (LIBOR) plus160 basis points (bps), way inside
the prevailing market rates of over 200 bps. The deal
is the first self-arranged club style US$ term loan
closed within three weeks.
The lenders are Bank of Tokyo Mitsubishi-UFJ
(BTMU), Mizuho Bank, ANZ Bank, Citibank, and
Sumitomo Mitsui Banking Corporation.
Ayala’s chief finance officer Delfin C. Gonzalez, Jr. (fourth from left)
and treasurer Ramon G. Opulencia (fifth from left) join the signing
ceremony held on December 16 in Hong Kong by Schumann Chik,
senior vice president of BTMU Hongkong; Kristin Braden, global
banking head of Citibank NA Manila; Masakazu Mizutani, general
manager of BTMU Manila; Patrick Lon, deputy general manager of
Mizuho Hong Kong; Panadda Manoleehakul, chief executive officer of
ANZ Bank for the Philippines and Thailand; and Chris Chan, regional
head for corporate banking of SMBC Hongkong
A tu n n e l o f c o l o r s
Every year the Ayala Malls group turns to chairman emeritus Jaime Zobel
de Ayala, to transform the Greenbelt tunnel into a public art space. Since
the theme of the malls is “magical,” JZA chose an artwork that featured
a play on colors. Although a tunnel is atypically an artist’s first choice as
canvass, JZA welcomes the challenge, and takes into consideration the
number of people who have limited access to art. He said “a tunnel is not
necessarily an artist’s true exhibit hall, and yet it is a venue for hundreds of
passersby.” His works enliven the gray and dull walls of the tunnel, which
makes each tiresome journey more bearable, as passersby are reminded
that there is beauty in the everyday.
20
Ayala in the
International Scene
IMI exhibits in Electronica 2010
IMI president and CEO Arthur Tan with Helmut
Baumgart (left) and Josef Pfister (right) of IMI Europe
Sales attend Electronica 2010
IMI booth at Electronica 2010
Integrated Micro-Electronics Inc. (IMI), an
electronics manufacturing services (EMS)
provider to the world’s leading original
equipment manufacturers, exhibited at
Electronica 2010 on November 9 to 12,
2010, in Munich, Germany. Electronica is
regarded as the biggest electronics trade
show in Europe. In the Munich Trade Fair,
IMI’s booth was located in a hall dedicated
to EMS providers and printed circuit board
(PCB) manufacturers. IMI showcased its comprehensive design-to-manufacturing solutions for the automotive, industrial, medical, storage device, telecommunications, and consumer markets.
Further, IMI introduced to the European market its capabilities in solar ‘inverter’ development, photovoltaic module prototyping, and power semiconductor assembly and test.
Arthur Tan, president and chief executive officer of IMI, said, “We continue to grow our business in Europe. The region now accounts for 37 percent of our revenues and we
are increasing its share by pursuing opportunities in the fast-growing markets of automotive and industrial electronics and renewable energy.”
On the first day of Electronica 2010, Tan was interviewed by two leading electronics trade publications in Europe: Elektronik Praxis, a Germany-based electronics trade
publication, and EMS Now, a UK-based EMS and PCB industry online publication.
In My Life: Soul portraits by Onib Olmedo at Ayala Museum
Ayala Museum highlights the
artistic contributions of Onib
Olmedo in its latest exhibit In
My Life: Soul Portraits by Onib
Olmedo at the Ground Floor
Gallery. The exhibit opened on
November 9.
In My Life: Soul Portraits by Onib Olmedo
features artworks presented to the public
for the first time. Recognized as one of
The Editorial Team
Publisher Victoria Garchitorena
Editor-in-Chief Maritoni Ortigas
Editorial Consultant Emi de Lara
Managing Editor Alex Gregorio
Deputy Managing Editor Michelle Ancheta
Assistant Editor Janella Cacdac-Siena
Graphic Designer Izza Lambino
Advertising Manager Ciela Cayton
Photographer Jaime Martinez
Digital Imagist Jose Reginald Juanico
the leading figurative expressionists in
the country, Olmedo’s works captivated
the soul of his subject matters. Each
portrait not only depicts the subjects’
physical attributes but also convey
their deepest feelings. Art Philippines
describes Olmeda’s work as “not
beautiful in the classical sense; but
they are extremely powerful vehicles for
expressing psychological tensions.”
Olmedo won gold medals in two
Art Association of the Philippines
competitions and a Mobil Oil Philippine Art
Competition; an “Araw ng Maynila” Award in
art, and was one of Thirteen Artist Awardees
of the Cultural Center of the Philippines.
He was the recipient of the prestigious
international art competition award in
Cagnes Sur Mer, France, in 1992—the
very first Filipino to be accorded such a
distinction. Art critic Alice Guillermo referred
to the artist as: “the landmark Filipino artist
of the 20th century who has played a major
role in the history of Philippine art, exerting
vast influence on a whole new generation
Correspondents
Ayala Corporation Janella Cacdac-Siena
Ayala Foundation, Inc. Michelle Ancheta
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 EJ Francisco
Honda Cars Makati, Inc. Monina Macavinta
HRMall, Inc. Gabby Mejia
Integrated Microelectronics, Inc. Fred Blancas
Manila Water Company Alberto A. Ramirez, Ranny Habaluyas
Timezone Nedz Manangan, Misty Garcia
of artists through figurative expressionist
paintings that explore the inner recesses
of the soul, affirming the ultimate triumph
of the human spirit.”
In My Life: Soul Portraits by Onib Olmedo
will run until January 2011. The exhibition
catalogue is available for sale at the Ayala
Museum Shops. Additional support is
provided by Chateau 1771.
For more information, contact 757.7117 to
21 local 28 or visit www.ayalamuseum.org.
Editorial Office
Filipinas Heritage Library
Makati Avenue, Ayala Triangle
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Ayala Now November-December 2010 Issue

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