Fernando Zobel de Ayala (center), President and COO of Ayala Corporation was recently named MAP Management Man of the Year Award 2018.
THIS year, the Ayala group of companies has listed PHP 203.13 billion worth of bonds, making up about 20% of Philippine bond market today.
On December 7, 2018, BPI reported to have listed PHP 25 billion—the largest single bond issue ever to be listed in the Philippine Dealing & Exchange Corp. (PDEx), bringing the total local peso bond market to the trillion-peso level.
“Today’s trillion-peso bond market is the result of many factors -- a vibrant economy, an innovative private sector, and a commitment by the government sector to enhance the enabling environment,” shared Ephyro Luis Amatong, Commissioner of the Securities and Exchange Commission (SEC).
According to PDEx, the Ayala group has been a pioneer in the Issuer Community since the exchange started in 2008, when Ayala Corporation and Ayala Land listed a combined total of PHP 10 billion.
Since then, the Ayala group has consistently tapped the debt market to support the aggressive growth strategy of its various businesses in real estate, banking, telecommunications, water, and power.
Over the last five years alone, Ayala has invested a cumulative groupwide total of PHP 748.3 billion in capital expenditures to fund investments largely in Ayala Land and Globe Telecom, including new ventures in energy, industrial technologies, infrastructure, healthcare, and education.
Ayala Corporation Chairman & CEO Jaime Augusto Zobel de Ayala strongly believes that the Philippine economy is ripe for investments. “Ayala has been a beneficiary of the country’s significant economic growth. This has served as a catalyst for us to unlock many opportunities and push us to develop new ideas to incubate new businesses, and to explore prospects for disruptive innovation,” Zobel said.
Staying true to its promise of bringing the services closer to the people, Philippine Charity Sweepstakes Office (PCSO) has opened its 67th branch in Agusan del Sur recently. “Napakalayong lugar ito kaya nga dapat magkaroon ng isang branch doon para mabigyan ng tulong ang ating mga kababayan...