Ayala Now July – August 2013



Ayala Now July – August 2013
2 Ayala group CEOs participate in Network ASEAN Forum
8 Ayala, Mitsubishi hold executive learning sessions
13 Premio Zobel launches re-publication of Filipino masterpiece
19 A Page from History: Driven to lead
The official publication of the Ayala group of companies
Volume 17, Number 4, July-August 2013
Globe moves to BGC
The Globe Tower’s architectural design is inspired by signal bars
At the groundbreaking are Michael Rodriguez, Brian Caffey, Eric Francia,
Troels Carstensen, Ilocos Norte Gov. Imee Marcos, Energy Asec. Daniel Ariaso,
and Pagudpud Mayor Marlon Sales
Caparispisan Wind Energy
Project breaks ground
Northern Luzon UPC Asia Corporation (NLUPC) has officially
commenced construction of the 81-megawatt Caparispisan Wind
Energy Project in the municipality of Pagudpud, Ilocos Norte.
NLUPC is the joint-venture company established in July by
Ayala’s energy investment arm AC Energy Holdings Inc, the
Philippine Investment Alliance for Infrastructure (PINAI), and
UPC Philippines Wind Holdco. The company is tasked with
developing wind power projects in the province of Ilocos Norte.
The groundbreaking ceremony held on September 3 in
See page 2
Globe Telecom has made the big move to a greener, modern corporate headquarters in Bonifacio Global City.
The 27-storey Globe Tower at the corner of 32nd Street and 7th Avenue is now the main hub of company
transactions. It brings together nearly 4,000 employees from several offices in Metro Manila. Prior to the
transfer, Globe was based in Mandaluyong, with offices in Valero Telepark, The Professional Tower, and BPI
Manila Water Vietnam
facility now operational
“The move to The Globe Tower (TGT) is momentous for us because it is an important component of the
company’s transformation journey,” said Globe President and CEO Ernest Cu, of the company’s efforts to
further enrich customer experience through its network and IT modernization initiatives.
The new Manila Water-operated Kenh Dong water treatment
plant in Ho Chi Minh City’s (HCMC) Cu Chi District has begun
operations and has started supplying water to city residents with
a capacity of 200 million liters per day.
The building was inaugurated on August 6 in an intimate event attended by key partners of Globe led by
Secretary Gregory Domingo of the Department of Trade and Industry and ABS-CBN Chairman Eugenio
Lopez III. They were welcomed by Cu, Globe Chairman Jaime Augusto Zobel de Ayala, and Board Director
Fernando Zobel de Ayala.
In 2012, Manila Water acquired 47.35% of Kenh Dong Water
Supply Joint Stock Co to improve water services in the area where
only 50% of the population had been covered by water services.
Kenh Dong has a bulk water supply contract with Saigon Water
Corporation (Sawaco), a state-owned company that manages the
water supply system in the Vietnamese capital.
In anticipation of its arrival at BGC, Globe converted a portion of Bonifacio High Street into a theme park
complete with product demo booths and displays, interactive games, raffle activities, freebies and food
treats, and nightly concert performances from August 2 to 4. A new Globe Store also opened at TGT.
Manila Water also owns a 49% stake in the water treatment firm
Thu Duc Water BOO Corporation, making the company the largest
foreign investor in Vietnam’s water sector, and part-owner of the
only existing pair of privately owned water treatment plants in
See page 4
Green office
The construction phase of the tower had been in full swing since the groundbreaking in 2010. The building
has a floor plan of more than 70,000 square meters spread across 18 office floors, nine parking levels,
two floors of conference rooms, a store and corporate showroom, and a dining level. A large-scale artwork
of Jaime Zobel graces the second floor.
According to Cu, the building is aligned with the Leadership in Energy and Environment Design (LEED)
standards, the rating system of the United States Green Building Council. This means that the design
See page 10
Ayala first half profits up 20%,
core net income surges 42%
Ayala group CEOs participate in
Network ASEAN Forum
Ayala posted a net income of P7.3 billion for the first half of the year, 20% higher than
in the same period last year. The robust performance of Ayala’s property and banking
units, boosted by its increased stake in the latter, primarily drove its strong earnings
momentum. Higher earnings of Manila Water and improved performance of its business
process outsourcing businesses likewise contributed to Ayala’s profits.
Netting out the impact of the accelerated depreciation as a result of Globe’s
network modernization, Ayala’s core net income grew even higher to P8.9 billion, a
42-percent improvement year-on-year.
The conglomerate’s strong performance was driven by robust equity earnings
which reached P9.5 billion, a 24% jump year on year. Ayala’s consolidated revenues
likewise increased 21% to P74.6 billion.
“The first half broadly turned out as expected as we sustained growth momentum
across our key businesses. Our core businesses made great strides in growth
and expansion, while our international businesses continued to improve. We
are confident this strong performance will carry on this year. The encouraging
macroeconomic conditions continue to present opportunities for further investment,
and we will continue to take advantage of these moving forward,” FZA noted.
Ayala’s balance sheet remained healthy. At the parent level, cash at the end of June
amounted to nearly P36 billion, with debt at close to P70 billion. The conglomerate
maintained a comfortable gearing level with net debt-to-equity ratio of 0.25 to 1.
On a consolidated basis, net debt-to-equity ratio likewise remained comfortable at
0.67 to 1.
Ayala declared a cash dividend of P2.40 per share, 20% higher than the regular
P2 per share payable on August 12, 2013. For the full disclosure, visit
Caparispisan Wind Energy
Project breaks ground
Sitio Ayoyo was attended by representatives of the national and local governments
led by Department of Energy Assistant Secretary Daniel Ariaso (on behalf of
Secretary Jericho Petilla), Ilocos Norte Governor Imee Marcos, Pagudpud Mayor
Marlon Sales, and Vice Mayor Rex Benemerito. They were met by heads of the
project proponents and partners, including AC Energy President Eric Francia and
CFO Ned Goseco, UPC Chairman Brian Caffyn and Managing Director Troels
Carstensen, and Macquarie Managing Director Michael Rodriguez on behalf of
“Ilocos can really solidify itself as the wind capital of the Philippines,” said Francia to
members of the local communities who witnessed the event. “We are very proud to
be a partner of the government, both provincial and local, to make this a reality and to
maximize the resources that you are very much blessed with in this part of the country.”
Governor Marcos expressed full confidence in the project’s impact on the province
not only in power generation but also by way of jobs creation and corporate social
responsibility programs. “Certainly the area of energy, particularly wind, has been a
JAZA, a co-founding member of the ASEAN Business Club, together with Ayala group
CEOs Bong Consing, Ernest Cu, and Gerry Ablaza, participated in various discussions
at the Network ASEAN Forum held on August 23 in Singapore.
Key topics at breakout sessions included aviation, infrastructure, power and utilities,
and connectivity, while at plenary, strategy for ASEAN cross-sectoral perspective, drivers
of growth in ASEAN economy, and investing in ASEAN’s future were discussed. Forum
speakers included Singapore’s Deputy Prime Minister and Finance Minister Tharman
Shanmugaratnam, AirAsia Founder and Group CEO Tan Sri Tony Fernandes, Bangkok
Bank President Chartsiri Sophonpanich, and CIMB Group Chief Executive Nazir Razak.
Launched in 2011, the ASEAN Business Club is an initiative of leading businesses
in the region to support economic integration and community building. It is a private
sector driven initiative to support the efforts of ASEAN governments to bring down
economic barriers. It aims to grow regional networks, serve as a forum for knowledge
sharing and advocacy, and become a powerful platform for ASEAN’s businesses to
engage with global and regional leaders.
genuine windfall for the province and we welcome all the resources, technology, and the
production of energy in the province,” she said. “You can count on us for full support.
There are many synergies that can be derived, indeed, if public and private partnerships
can be launched. We are hopeful that this will provide yet another template and another
pioneering effort for Ilocos Norte in renewable energy.”
From page 1
Eric Francia says the project presents an
opportunity for private-public partnership
Ernest Cu, JAZA, Bong Consing, and Gerry Ablaza at the Network ASEAN Forum in Singapore
Ariaso underscored the importance of the support of host communities in the
success of renewable energy projects: “The impact may not necessarily be early, so
it is for all of us, especially the LGUs, to help the project through.”
The Caparispisan wind farm, which may have up to 32 wind turbines, is NLUPC’s first
project. It has an investment value of up to $250 million, and the initial phase is expected
to be connected to the grid by mid-2014. Aside from the Caparispisan wind farm, the
joint venture company has a portfolio of over 200 megawatts in wind energy projects
under development.
Since 2011, AC Energy has committed over $400 million of equity in conventional
and renewable energy technologies. PINAI is a P26-billion fund comprised of the
GSIS, Dutch pension fund asset manager APG, the Asian Development Bank,
and the Macquarie Group. UPC Philippines is a wholly owned company of UPC
Renewables Partners, which has nearly 20 years of experience in developing and
operating wind farms in Europe, USA, and Asia.
Top officers of project partners EEI, Hansei, and Siemens join proponents and government leaders for
a commemorative photo
Vol 17 • No 4 • 2013
UPC’s Klaus Obel and Ayala
Board Director Yoshio Amano
Ned Goseco opens the
program with a prayer
ALI, Puregold subsidiaries in supermarket joint venture
Tony Aquino and EEI Chairman Lucio Co (4th and 5th from left, respectively) lead the signing of the joint venture agreement, together with (from left): Varejo officers Flordeliz Cruz, Corazon Dizon, and
Bernard Vincent Dy, and EEI President Anthony Sy, and Directors Susan Co, Ferdinand Vincent Co, and Leonardo Dayao
Varejo Corporation, a subsidiary of Ayala Land,
announced that it had entered into a joint venture
agreement with Entenso Equities Inc, a wholly owned
subsidiary of Puregold Price Club Inc (PPCI).
The companies will develop and operate mid-market
supermarkets for some of ALI’s new integrated and
mixed-use developments.
“The joint venture further expands our previous
tie-ups with the Puregold group in Harbor Point in
Subic and Fairview Terraces in Quezon City,” said
ALI President and CEO Antonino Aquino. “This new
supermarket product will further enhance our retail
offerings which have been recently expanded to
include our other department store and convenience
store JVs.”
BPI ready for expanded
Japanese business in PH
At the UK launch are Globe’s Head
of International Business Group
Rizza Maniego-Eala and
iVitta CEO Simon Black
Globe gets UK partner
for Seafarer SIM
Filipino seafarers around the world may now enjoy the
lowest call and text rates when communicating with their
loved ones in the Philippines.
Globe has partnered with United Kingdom-based company
iVitta Mobile in launching the Globe Seafarer SIM. iVitta
specializes in low-cost global telecom solutions for maritime
and offshore communities worldwide.
The Globe Seafarer SIM enables Filipino mariners to
regularly keep in touch with their loved ones back home
at affordable call and text rates from anywhere in the
world. Seafarers can call home for as low as US$0.20
per minute and send a text message for only US$0.10.
Another innovative feature is that subscribers get two
numbers in one SIM—an international mobile number
and a Philippine Globe mobile number— so there is no
need to worry about international long distance charges.
Globe and TM subscribers in the Philippines calling the
Globe Seafarer SIM are only charged local rates.
In July, Filipino seafarers in Spain were the first to
enjoy the benefits of this innovative service. The Globe
Seafarer SIM Card can be used on most networks using a
global interconnection with over 650 GSM networks.
PPCI is one of the largest supermarket operators in
the Philippines.
The mid-market supermarkets will be carried under
a new brand. It is part of ALI’s growth strategy for
its retailing business in line with the objective of
establishing integrated, mixed-use communities
across the country.
An operator at work at the
newly commissioned Kenh
Dong water treatment plant
in Ho Chi Minh City
Bank of the Philippine Islands Vice President Joseph
Anthony Alonso says that the bank expects a double
digit increase in the number of transactions as more
Japanese businessmen invest or expand their existing
operations in the Philippines in the coming months.
“Major drivers for this are the bank’s strong alliance
with its Tokyo-based partners, the country’s strong
macroeconomic fundamentals, the success of Japanese
firms in the Philippines, and the quality of the Filipino
labor force. The country’s population is young and
growing, both per capita GDP and per capita income.
The Philippines as a growing market attracts Japanese
investors,” explains Alonso, who heads the Asian
Corporates/PEZA Division.
BPI is expected to launch its HouRenSou Business
Solutions Guide to help Japanese clients find success
in the Philippines. It will contain information on
incentives for foreign investors, labor laws, banking
corporate solutions, and contact numbers of relevant
government agencies.
Alonso says that BPI offers corporate advisories to
help Japanese investors intelligently decide which
corporate solutions could be beneficial to them
according to their industry. BPI offers client-matching
activities to help them partner with the best local firms.
The Ayala group has close to 40 years of partnership with
Japanese firms, and has a dedicated Japan Desk serving
this client segment since the 1980s. The joint venture
company BPI/MS Insurance Corporation, which has been
offering non-life insurance to clients for 11 years, is a
partnership between BPI and Mitsui Sumitomo Insurance.
The bank also forged partnerships with Mizuho
Corporate Bank, Shizuoka Bank and the Bank of Tokyo
Lease and Finance to better serve its Japanese clients.
Vol 17 • No 4 • 2013
Manila Water Vietnam
facility now operational
From page 1
Kenh Dong and Thu Duc currently supply around 35%
of Sawaco’s clean water requirements. Both plants plan
to expand capacity over the medium term to meet the
growing water demand of the city.
The company’s first venture in Vietnam was in 2008
when it entered into a performance-based, five-year
leakage reduction project with Sawaco.
While relatively small, this management contract
allowed Manila Water to understand the culture,
political, and regulatory environment in the city, as
well as develop a progressive working relationship
with Sawaco. It also enabled Manila Water to earn the
trust of Vietnamese authorities and local partners,
paving the way for its expansion in the country.
Marikina sewer network
In the Philippines, the company continues to expand
its sewerage service coverage within the East Zone
concession area. Manila Water is ready to put in
place a P346-million, 3.2-km sewer network that will
benefit 500,000 residents in San Mateo, Marikina,
and nearby cities as part of its commitment to its
customers and help protect the environment.
Rosario Municipal Hall Personnel Officer Edith Pascua and
License Inspector Teddy Lacerna, Globe Store Retail Manager
Ailyn Villena and Retail Area Head for South Luzon 2 Joseph
Isla open the Globe Store-on-the-Go in Rosario, Batangas
Ayala Malls feed
Pinoys’ wanderlust
Whether it’s a weekend trip to the beach or a full-blown
vacation abroad, Filipinos are definitely down with a
major case of wanderlust. Seeing this rising trend in
travel, Ayala Malls has decided to reward loyal shoppers
with the ultimate adventure.
Globe Store rolls to
where customers are
Globe has expanded its reach to customers with no
instant access to telecom services with its Store-on-theGo concept, which rolled in Rosario, Batangas recently.
The Globe Store-on-the-Go offers subscribers and new
customers the same shopping experience as when
visiting a concept store. It is a fully functioning mobile
Globe Store that is deployed in far-flung areas where
customers need the telecom services.
It receives new postpaid and broadband plan
applications and allows for on-the-spot processing to
provide new handsets and devices. Customers can also
inquire about the latest postpaid and broadband promos
with the assistance of the Globe Store retail staff.
“Our goal is to bring Globe closer to subscribers with
our innovative store formats like the Globe Microstore,
Kiosk, and now, the Globe Store-on-the-Go. A Globe
Store is actually roving within their vicinity,” said Globe
Retail Transformation and Management Head Joe Caliro.
After Rosario, Globe Store-on-the-Go was situated in
Bauan, Batangas. “We will bring the same experience
to more areas,” Regional Operations Head for Luzon
John Velasco said.
The premier lifestyle hubs of Glorietta, Greenbelt, Alabang
Town Center, Ayala Center Cebu, Market! Market!, Bonifacio
High Street, Serendra, Trinoma, Marquee Mall, Abreeza
Mall, Harbor Point, and Centrio Mall have partnered with the
Department of Tourism, Philippine Airlines, Visa, and BPI,
along with the best in the hospitality business for the “Travel
Ayala Malls, See Asia” promo.
All-expense-paid trips with travel allowance from BPI
More Fun Prepaid Visa Card await the winners who
shall be packing their bags for one of four top Philippine
destinations and seven Asian countries. Participating
hotels include Ayala Land’s own Seda Hotels, El Nido
Resorts, Cebu City Marriott Hotel, and Intercontinental
Manila, ANA InterContinental in Tokyo, Phuket Holiday
Inn Resort, Kuala Lumpur Holiday Inn, and Guangzhou
Crowne Plaza.
Shoppers simply need to collect and present receipts
dated July 1 to September 30, 2013, at the mall
concierge where the purchase was made. One contest
entry is given for every P500 purchase in single or
accumulated receipts. Shoppers double their entries by
using a BPI Ayala Malls Amore Visa Credit Card.
A unique feature of the promo is a paperless coupon
system where entries are automatically logged into and
stored in their “Travel Ayala Malls, See Asia” account.
Every month, each mall will be giving out a trip for two
to the local destinations. The grand winners of trips
for four to the Asian destinations will be announced in
BPI Express Mobile
‘levels app’
The new and improved BPI Express Mobile App
empowers customers with more banking services.
First launched in 2009, the BPI Express Mobile App
now contains an enhanced user interface and features
such as account inquiry, bills payment, funds transfer to
any BPI, BPI Family Savings or BPI Direct account and
prepaid phone and card reloading.
The application also has pre-login options that assist
clients in locating branches and ATMs nearest them, upto-date posts of the latest foreign exchange rates of the
bank, access to ongoing promos, and quick links to BPI
Express Online, BPI’s Facebook, and Twitter pages.
Clients can also subscribe or redeem their investment
funds whenever using their smartphones or tablets.
“We at BPI recognize the growing need of our clients to
stay connected and in control of their finances whilst
staying mobile,” said Noel Tagaza, head of the Electronic
Channels Group. “We are committed to expanding our
mobile capabilities.”
The BPI Express Mobile App may be downloaded from
the Apple Store and Google Play.
Vol 17 • No 4 • 2013
Two regional wins in two months for BPI
AMTG Group Head
Maria Theresa
Marcial-Javier (left
photo) and Human
Resources Head
Faye Corcuera and
HR Officer Tina Del
Fierro receive BPI’s
awards in Hong
Kong and Singapore
BPI scored a double victory in June and July. On
July 18, BPI won three major trophies in the Asian
Banking and Finance Awards 2013 held at ShangriLa Hotel Singapore. These were Domestic Retail
Bank of the Year in the Philippines, Website of the
Year-Philippines, and Employer Award of the YearGold.
Hosted by “BBC World News” anchor Rico Hizon, the
Asian Banking and Finance Awards 2013 program
was graced by 200 senior bankers. Asian Banking
and Finance has proven the integrity of the Retail
Banking Awards and Wholesale Banking Awards with
a new record number of nominations, beating last
year’s figures.
The entries were judged by Dominic Nixon from
PricewaterhouseCoopers, Egidio Zarrella from KPMG,
Mohit Mehrotra from Deloitte Consulting, Liew Nam
Soon from Ernst and Young Advisory LLP, and Andrew
Pitcher from Accenture.
Publisher Tim Charlton remarked, “This year saw
the largest ever number of countries in the region
participating in the awards.”
At par with Asia
A month prior to that, on June 19, the BPI Asset
Management and Trust Group (AMTG) was deemed
the “Best Asset Management Company” by The
Asset Triple A Investment Award, a title it has bagged
for the third consecutive year.
The award, given after rigorous evaluation by The
Asset’s board of editors, puts AMTG at par with peers
in Asia.
With P743 billion of assets under management as of
December 2012 and market share at 24% in spite
of growing competition, AMTG remains one of the
strongest asset management firms in the Philippines.
It is still the only local asset manager managing a
family of index funds.
Ayala companies cited anew for governance
For the second consecutive year, Ayala and Globe figured prominently in Alpha Southeast
Asia’s Annual Southeast Asia Institutional Investor Corporate Awards.
company’s board approved its first semi-annual cash dividend payment of about P4.4
billion, representing 86% of its 2012 core net profit on an annualized basis.
Ayala was once again ranked first among Philippine companies for Strongest Adherence
to Corporate Governance and Best Annual Report, and placed second for Best Strategic
Corporate Social Responsibility. Globe was cited as among the top companies for having
a Most Consistent Dividend Policy.
Last year, Globe paid dividends totalling P8.6 billion, representing a pay-out rate of 86%
of its 2011 core net income. This is consistent with Globe’s dividend pay-out policy of
distributing 75% to 90% of the previous year’s core net income.
The citations were based on an annual poll of close to 500 investors and analysts
conducted by Alpha Southeast Asia, the only institutional investment publication focused
on the region. The awards were given at a ceremony on September 9.
“With investment interest in the Philippines at an all-time high, the country is firmly back
on the screens of investors both domestic and foreign,” notes Publisher Siddiq Bazarwala.
Ernest Cu says that Globe’s award further motivates the company to increase
shareholder value by delivering a strong financial performance. In February this year, the
Best of Asia
Meanwhile, at the 9th Corporate Governance Asia Recognition Award held in June in
Manila, Ayala, Ayala Land, and Manila Water were recognized among “The Best of Asia”
for corporate governance practices. JAZA and Tony Aquino were likewise named among
12 outstanding board directors in the Philippines by the publication’s Asian Corporate
Director Recognition Awards.
Earlier this year, Ayala topped FinanceAsia’s and Asiamoney’s separate polls on corporate
governance among Philippine companies. Listed Ayala companies also figure prominently
in the Institute of Corporate Directors’ Annual CG Scorecard.
Manila Water business model gets
most votes in London awards
Manila Water was recognized as the Conference Vote Winner in the category
Achievement in Inclusive Business during the Financial Times (FT) and
International Finance Corporation (IFC) Sustainable Finance Awards 2013 held in
June in London.
Manila Water was one of five shortlisted companies in the same category. The
Sustainable Finance Awards received 254 entries from 161 financial institutions and
50 non-financial groups from 59 countries this year, vying in six categories.
Manila Water got the most votes from conference attendees as their top personal
choice in the Achievement in Inclusive Business category after Luis Juan Oreta, CFO
and treasurer, presented Manila Water’s inclusive business model and described
how the company has been successful in integrating social responsibility and
environmental protection initiatives in its business processes, procedures and
policies while still maintaining its financial viability. Greater emphasis is given to
specific programs that include or serve base-of-pyramid (BOP) customers. The
top recognition was eventually shared by Kenya Tea Development Agency and
Universitaria Minuto de Dios of Colombia.
Chito Oreta (2nd from left) receives Manila Water’s award in London
“The award underscores our commitment to continuously engage the low-income segment
of our business operations with a view to creating sustainable livelihoods and benefitting
the broader communities we serve. We at Manila Water are proud of our achievements
over the past 16 years not only in delivering quality water and wastewater services, but also
in improving lives and upholding sustainability,” says Oreta.
Vol 17 • No 4 • 2013
Vol 17 • No 4 • 2013
Collaborating for greater impact
Ayala, Mitsubishi hold
executive learning sessions
Breakout session
for Ayala and
MC executives
Summit highlights
ICT’s role in business
Ayala and Mitsubishi Corporation (MC)
executive learning sessions were held
August 29 to 30 to exchange leadership best
practices and ideas.
As part of MC’s Executive Development
Program, seven Mitsubishi general managers
visited the country, accompanied by Yasuhiko
Kitagawa, senior vice president of Global
Strategy and former MC Philippines GM,
members of their global HR team, and their
JAZA is this year’s keynote speaker; Senior leaders participate
in the closing plenary
Over 600 ICT professionals and end-users from the Ayala
group of companies, as well as technology partners
and suppliers, attended the 2013 Information and
Communications Technology (ICT) Summit on September 4.
Said JAZA, who opened the whole-day summit: “There
needs to be three aspects to operational excellence:
productivity, efficiency, and innovation. It must also
mean optimizing resources and services to reduce cost,
to enable the creation of new products and services,
and improve customer care and satisfaction.”
According to Ayala Chief Information Officer Gigi Rapadas,
this is the seventh year that CIOs and ICT officers in the
Ayala group have convened to understand the technology
trends that impact on business and to exchange ideas on
the role of ICT in achieving corporate goals.
local executives led by Yoshio Amano.
Their visit included a tour of the Ayala Museum,
presentations and walkthrough of Manila Water’s
Taguig operations, and an afternoon of learning
sessions with executive counterparts from the Ayala
group, namely Eric Francia, JP Orbeta, Perry Rivera,
Ned Goseco, Bobby Dy, Alfie Reyes, and Noel Kintanar.
Ayala and MC celebrate the 40th anniversary of their
partnership next year.
Ayala Coop partners with BPI Trade
Ayala group employees who are Ayala MultiPurpose Cooperative members may now add
buying stocks to the more conventional ways of
investing their money.
Ayala Coop is now implementing a new loan
facility, called the Stock Loan Program, in
partnership with BPI Trade.
This facility offers coop members a maximum
loan of P300,000 at an 18% interest rate,
subject to patronage refund, to be paid over
a period of three years at semi-monthly
amortizations. Other features include the
standard service fee of 0.5% of the loan
amount, 0.5% of the loan amount for capital buildup, no
offsetting against existing/future loans and full payment
in cash.
The coop loan application would indicate the shares
of stocks to be purchased, as well as the member’s
settlement account. All stock purchases would be made
through BPI Trade.
The coop has also advised interested individuals to
attend the ITRAC (Invest in You Trading Academy)
investors’ series sponsored by BPI Trade. Admission to
the series is free.
For more information, log on to www.ayalacoop.com.
Get the Ayala Advantage at Honda
The ICT Summit featured 52 technology sessions
and 33 exhibit booths. This year’s topics on business
intelligence, cloud computing, infrastructure, mobility,
and security were presented by executives from the
Ayala group’s ICT partners including Adobe, Accenture,
Huawei, Cisco, IBM, Microsoft, Tata Consultancy, SAP,
and Globe Business.
As a way of making Ayala group employees
feel important and truly valued, Ayala
Automotive Holdings Corporation with its
network of Honda dealers—Honda Cars
Makati Inc (HCMI) and Honda Cars Cebu Inc
(HCCI), presents the Ayala Advantage.
The summit closed with the Ayala Group Senior Leaders
Forum participated in by BPI Consumer Banking and
Channels Group Head Nabbie Alejo, Manila Water
Operations Group Director Ding Carpio, ALI COO Bobby
Dy, Ayala Auto Deputy CEO Manny Aligada, and Globe
Operations Head of Consumer Broadband Ramon
Aesquivel. The discussion was facilitated by Ferdz de la
Cruz and David San Pedro.
The Ayala Advantage promo makes brand-new
car purchases easier and convenient. Big
discounts, exciting perks, and special privileges
await Ayala group employees at Ayala-owned
Honda dealerships. These dealerships are
Honda Makati, Pasig, Alabang, Shaw, and
Global City, in Metro Manila; and Honda Cebu,
Mandaue, Cagayan De Oro, Negros Occidental,
Vol 17 • No 4 • 2013
and Iloilo in the Visayas and Mindanao.
These exclusive deals from HCMI and HCCI may
change on a monthly basis. For more details, visit any
of Ayala-owned Honda dealerships, or log on to www.
hondamakati.com.ph or www.hondacebu.com.ph.
Ayala, Ateneo partner for innovation,
ascribe success to continuous transformation
at work in the Ayala group
(Left) JAZA and Fr. Jett Villarin sign the memorandum of
collaboration witnessed by AC Corporate Strategy Head
Paolo Borromeo and AIC Director Toby Dayrit
(Below) The innovation teams of Ayala and Ateneo
A model unit at BellaVita’s first community in General Trias, Cavite
Ayala and Ateneo de Manila have agreed to collaborate
in the Ateneo Innovation Center (AIC), an innovation hub
formed by the university in 2008.
infrastructure or products and services, what
we really enjoy is contributing in some way to
the broader goals of the country.
Under the partnership, Ayala and Ateneo will jointly
undertake research on innovation, organize symposia,
share experts and thought leaders, provide internship
opportunities, and strengthen academe and industry
“What I hope this group will enable us to do
is to reinvent this space. How can we use
technology to do things more cheaply, give
people at lower income levels access to more
products and services? How can we take the
Philippines to a whole new level and redefine
ourselves in the global arena? How can we
invent things and change the way we do things
so that there’s efficiency created? I hope that
together we can help to add value in some way
to the country.”
The signing ceremony on August 29 was attended by
officers from Ayala, Globe’s Kickstart Ventures, Integrated
Micro-Electronics, and Manila Water, as well as members
of Ateneo’s innovation team and faculty.
Ayala and Ateneo are both over a hundred years old, and
the two institutions ascribe their endurance in part to
continuous transformation while remaining grounded on
“If there’s a reason for longevity in any institution,
it is that ability to keep reinventing oneself with
the changing times,” observed JAZA. “In the Ayala
group, while we’re businessmen, we do take pride
in anything that enhances or aligns ourselves with
the national development agenda. Whether it’s
Said Ateneo President Fr. Jose Ramon Villarin:
“The university can be a conservative place.
But at the same time, because we deal with
a lot of young people, the university can be a
place where you see a lot of innovation.
Making it easy
to enhance lives
Now on its fourth year, Ayala’s Leadership Acceleration
Program (LEAP) continues to challenge Ayala group officers
to explore ways to drive strategy and execution, customer
centricity, innovation and growth, and transformational
leadership. At the end of each program, participants present
concrete project ideas to JAZA, FZA, and the Ayala group
management committee.
One such project is being realized through the synergy
between BPI Family Savings Bank (BPI-FSB) and Ayala Land.
The inspiration: Ayala’s strategy to address the needs of
the bottom-of-the-pyramid market.
The idea: Provide an opportunity for Ayala group
employees earning P15,000 to P25,000 a month to own
their first home.
“I’m glad that we’re doing this because we can
learn from you; you can tell us what is out there.
Thank you in the Ayala group for resonating
with us on this goal of national development.”
Fostering innovation at Ayala
The team from Cohort 4 discuss their project
“Our interest is to have an Ayala that remains dynamic, that adds value and continues to grow with the times,
and remains relevant,” explains Paolo Borromeo of Ayala’s new innovation imperative.
The innovation team at the parent company seeks to identify disruptive or game-changing products,
services, and business models, and find local, scalable applications. When gaps and discontinuities are
found in sectors where Ayala is involved or affected, it aims to respond with an innovation business model
or inventive application of technology.
The project was developed by a team from Cohort 4, namely,
LiveIt CFO Beng Agbayani, BPI-FSB VP Herbert Tuason, MDC
Construction Operations Head Mario Monsalve, Integrated
Micro-Electronics Inc Business Development Manager Eric
Javate, and Ayala Foundation Senior Manager Suzanne
To achieve this, the team consults with an internal advisory council that includes officers from ALI, BPI,
Globe and Kickstart, Manila Water, and IMI. It also aims to builds synergy through partnerships. Aside from
Ateneo, Ayala is working with the University of the Philippines, De La Salle University’s Animo Labs, and
companies such as Tallwood Venture Capital, Bluflame Technology, Innosight, Google, McCann Worldgroup,
Mastercard, GE, and the design research collective Curiosity.
The group estimated that more than 6,000 employees stand to
benefit from this initiative. They worked closely with BPI-FSB and
BellaVita, ALI’s recent foray into the social housing market, and
studied other housing loans. They developed a loan program
for qualified employees that would require an initial cash out of
P 35,000—the cost of a smartphone—for a 60-sqm house and lot
in BellaVita General Trias, Cavite.
By fostering a collaborative and engaging environment involving academe, industry, and communities, Ayala
hopes to bring about the kind of innovation that creates value for all.
This initiative will be introduced in the upcoming Ayala Group
HR Summit.
Vol 17 • No 4 • 2013
Globe moves
to BGC
From page 1
and construction of the building took into account
its impact on the location and the surrounding
The rating system has further driven the company
to incorporate construction routines, such as
maintaining proper waste disposal and exterior area
protection, which do not contribute to environmental
degradation. In the long run, this will also generate
minimal impact on the environment, Cu said.
Following energy efficiency standards, the building
makes use of LED lights, which will make the
facilities 20% more energy efficient. The building
will also reduce water consumption and increase
water efficiency to around 30% through a grey water
collecting system.
Furthermore, the new Globe building envisions a
clutter-free, paperless environment. In line with this,
employees will be working through an online platform
that will define “green office transactions.”
BPI offered its 162 successful years in a thanksgiving Mass
celebrated by His Eminence Luis Antonio Cardinal Tagle, Archbishop
of Manila.
in August
Three Ayala
celebrated their
anniversary month of
August with activities
that emphasized
core values among
employees, giving
back to communities,
and sustainability.
Blessed Cardinal Tagle: “May BPI have the presence of God who
cares, a God for covenant, who calls His people as His own. May BPI
be one of the dwelling places that God wants to establish in society
and history. May BPI not just be a business enterprise but a dwelling
place of God.”
Afterwards, in his first BPI anniversary address, Bong Consing
thanked the BPI employees, shareholders, and the clients for the
success of the bank.
BPI at 162:
A celebration
of beginnings
Activities that reinforced the core values of BPI were organized
during the month. These are the “Thank you, Fellow BPI Unibanker”,
an essay contest on teamwork and professional excellence, and
free training sessions for Unibankers by BPI’s interest clubs in
aerobics, Aikido, photography, running, badminton, and bowling.
Vol 17 • No 4 • 2013
Now 33,
IMI builds
its future
The lobby of the Globe Tower
JZA’s artwork on glass
FZA looks at the tech gadgets on display at the Globe Store
The Globe Store staff in Rajo Laurel’s Paris-inspired uniforms
The Globe Tower has two floors of conference rooms
JAZA, Ernest Cu, and Sec. Gregory Domingo toast the building inauguration
Open office setup engages greater interaction
At the flag ceremony on August 5 at IMI Laguna, Arthur Tan
addressed employees: “Over 33 years, we have survived industry
downturns, global economic crises, domestic complications, and
downsizing or closure of business with major customers.
“We have come a long way from our humble beginning as an IC
assembler in 1980. What we are today is the result of strong
foundation building in our first 20 years and the execution of a
global expansion strategy in the past 10 years or so. With the twists
and turns in our environment, we have to think and work hard to
navigate our business through challenging times.”
He rallied employees on three sources of future growth for IMI:
manufacturing excellence achieved through technical skills and
behavior; the presence of growth pockets in every region; and the
pursuit of higher value offerings in automotive, industrial, medical,
and other high-margin markets.” He concluded his talk by telling
employees: “We have built a dream together. Getting there can only
happen when we come together. We build our future.”
Gabby Lopez and James Go
Visitors are welcomed to Globe’s new headquarters
Manila Water recently revealed its new visual identity comprised of a swirl
icon, rounder typeface, and a brand promise to provide “care in every
drop”. The new brand reflects the company’s fresh and dynamic drive
to provide clean, potable, and affordable water supply and service. The
new visual identity and brand promise reinforces the kind of service
culture that Manila Water stands for: passionate and dedicated.
At 16,
its brand
Manila Water gained the East Zone concession of the
Metropolitan Water and Sewerage System (MWSS) in 1997, as
part of government’s broader privatization thrust and efforts to
stem the crippling water loss problems.
Today, Manila Water has reduced water system loss from 63% in 1998
to 12%. Its customer base has grown from 3.1 million in 1997 to 6.2
million in 2012.
“For the past 15 years, Manila Water’s drive towards becoming a
sustainability champion has been hinged on inclusiveness, insight,
and innovation,” says Manila Water President Gerardo Ablaza Jr.
Vol 17 • No 4 • 2013
JAZA speaks at the Text2Teach event in Bacolod City
13 LGUs commit
to bring Text2Teach
to 172 schools
in Visayas
JAZA led the signing of the formal partnership
agreement between Text2Teach Alliance and
13 local government units (LGUs) involving the
commitment of P8 million LGU counterpart funding
for the Text2Teach program.
At the same time, Toshiba Corporation donated
Luli Heras-de Leon and JAZA (2nd and 4th from left) sign the MOA
300 32-inch TV sets worth about P4.2 million for
the schools while the Text2Teach Alliance allocated
P13 million.
With the memorandum of agreement, Text2Teach
will be implemented in 172 schools in Visayas
in addition to the existing 128 schools, bringing
the program to a total of 300 public elementary
schools in the region. To date, the program has
reached 736 schools across the country.
The 13 participating LGUs are: Bacolod, Silay,
Talisay, La Carlota, and Bago cities in Negros
Occidental; Bayawan, Guihulngan, and Bais cities in
Negros Oriental, Naga and Talisay cities in Cebu; the
municipality of Laua-an in Antique; the municipality of
Malay in Aklan; and Siquijor province.
Text2Teach is an innovative way of teaching English,
Science, Math and Values Education via mobile
technology. Educational audio and video materials
are provided in phones donated by Nokia equipped
with the Nokia Education Delivery application which
allows easy download even in far-flung areas via
Globe Telecom mobile data. Globe also created a
special SIM card for the schools which only charges
half of regular call and text rates.
“We’re proud to say that with all your support, we’re
one year ahead of schedule in implementing the
program in the Visayas,” said JAZA. “We in the whole
Ayala group are excited in working closely with you
and in helping the educational system of the country.
To be able to work together to add value to our
country means so much to all of us.”
Giving back by giving more
Ayala, ALI, and BPI were among the first companies to respond to
the invitation of Caritas Manila to support its Diamond Solidarity
Fund Campaign.
Launched on July 29 at Ayala Museum, the campaign was
organized in celebration of the 60th anniversary of the lead
Catholic agency for social services and development. It supports
Caritas Manila’s Youth Servant Leadership and Education program
which provides educational assistance to college students.
The companies’ contribution of P1 million each was recognized in a
commemorative book titled “Giving Back by Giving More,” together
with 57 other Diamond Partners of this social mission. FZA is a
member of the board of trustees of Caritas Manila.
Said Cardinal Tagle: “As we launch this book, (we) celebrate not
only this milestone in Caritas, but more importantly, our united cause
and vision to improve the lives of many Filipino families.”
Caritas Vice Chair Ramon del Rosario Jr, Cardinal Tagle, Washington SyCip, and FZA at the event honoring the
organization’s 60 Diamond Partners
Enhancing the Diorama Experience
Ayala Museum and Power Mac Center
have teamed up to make a diorama
exhibit of historical Philippine events
a multidimensional, multisensory
Learning history becomes a multidimensional, multisensory experience
Conceptualized by National Artist for
Historical Literature Carlos Quirino, Ayala
Museum’s permanent collection of 60
handcrafted dioramas collectively dubbed
“The Diorama Experience” chronicles
important milestones in the country’s
past. They also showcase the artisanship
and creativity of the woodcarvers of Paete,
Vol 17 • No 4 • 2013
Laguna, who produced the dioramas.
Signalling the start of a technology-enhanced “Diorama
Experience” is Power Mac Center’s gift of new units of
iPod Touch. These mobile devices will replace analog
audio players, and will provide more detailed narrations
(in both English and Filipino) of historical events and
facts relating to each diorama.
This partnership makes Ayala Museum the first
museum in the country to integrate the gadget for
educational purposes. It also brings the endearing
dioramas into the digital age, providing a more engaging
way of studying Philippine history.
Premio Zobel
is the
country’s oldest literary award
Pilina Rocha, Spanish Ambassador Jorge Domecq, Georgina Padilla, and Gaspar Vibal
Premio Zobel
launches re-publication
of Filipino literary
Juvenal Sanso and Lourdes C. Brillantes
More than 80 years after the novel “La Oveja de Nathan” (“Nathan’s Sheep) won the Premio Zobel in 1929 for its
author Antonio M. Abad (1894-1970), it was re-published in a bilingual edition and launched to the public on July 16
at the Ayala Museum.
Recognized as one of the foremost Filipino writers in Spanish, Antonio Abad was a Cebuano journalist whose works have
led to his being considered “the great novelist in Spanish after Jose Rizal.”
The book has been republished through the efforts of Doña Georgina Padilla y Zobel de Mac-Crohon, granddaughter
of Don Enrique Zobel de Ayala who, in 1920, established the Premio Zobel, the oldest literary award in the
Philippines, to preserve the Spanish linguistic and cultural heritage in the Philippines.
Isabel Caro Wilson and Ambassador Juan Rocha
“La Oveja de Nathan” was translated into English by Lourdes C. Brillantes, a Professor of Spanish at the
University of the Philippines and herself an awardee of the Premio Zobel.
An audio visual presentation on the Premio Zobel produced by Gaspar Vibal of Vibal Foundation was shown
during the program. Present at the book launch were members of the diplomatic corps, representatives from
government, the academe, descendants of the author, and friends of the Premio.
Dr. Benito Legarda
Gemma Cruz-Araneta
Philippines sees Yayoi
Kusama’s art for the
first time
On July 16, Ayala Museum opened the exhibition “I Love
Kusama” at its ground floor gallery and third floor Glass
Presented under the heading of its newest exhibition
program, “Collectors Series”, the Yayoi Kusama works
featured the collection of Lito and Kim Camacho.
With the assistance of the Camachos and the Japan
Foundation-Manila, and the guidance of Ota Fine Arts,
Yayoi Kusama Studio, and the Los Angeles County
Museum of Art (LACMA), the exhibit was the first major
Kusama show in the Philippines.
Born in 1929, Yayoi Kusama is one of the leading and
most influential figures of the avant-garde scene.
Lito and Kim Camacho (above) are among the world’s
leading collectors of Kusama’s art. “I Love Kusama”
features original works, prints, and a variety of limited
edition pieces from sculpture to tea sets and merchandise
“I Love Kusama” was held in celebration of the
40th Year of the ASEAN-Japan Friendship and
Cooperation and the Philippines-Japan Friendship
Month. The exhibition ran until September 1.
Ayala Museum also invited Akira Tatehata, one
of the world’s leading experts on Kusama, for a
lecture, and a special screening of Yayoi Kusama films
and evening exhibition viewing were organized.
Vol 17 • No 4 • 2013
Business Bulletin
BPI reaps various local, global awards
A collaboration between Ayala companies. A loan that
empowers entrepreneurs. Quality assistance to
customers. Best use of social media. A paperless bank
BPI bested peers in industry and ranked among the
world’s best in some of its products and services.
In July, Visa awarded the BPI-Ayala Malls Amore Visa
card as their Best New Co-Brand Product for 2012.
Visa considered this collaboration with Ayala Malls and
BPI as a major milestone as the company expands its
portfolio targeting the lifestyle and shopping segments
of the country.
Three local industry institutions recognized
excellence in several fronts. The Banko Sentral ng
Pilipinas presented to Bong Consing and Nabbie
Alejo its Pagtugon Award, a special recognition from
prompt response to referrals of consumer issues.
The Philippine Franchise Association conferred
The Chairman’s Award to BPI for the Ka-Negosyo
Franchising Loan, citing the program’s empowerment
of many entrepreneurs and franchisees and its
contribution to fostering the growth of Philippine
franchising. BPI emerged as winner of the Best in
Paperless Branch Model in the 1st Banker’s Institute
of the Philippines Green Bank Challenge for its 9.5sqm full service branch in the Asian Development
Bank complex.
Finally, BPI’s consumer communications through
social media has been noted globally. It ranked 25th
in The Financial Brand’s Overall Power 100 Social
Media Rankings for Banks, outperforming regional
banks like Canada’s ING Direct, Singapore’s DBS and
OCBC, and Australia’s ANZ and Westpac. BPI also
ranked in 15 other lists including those related to use
of Facebook, Twitter, and YouTube.
Then BPI received two Gold Quill Awards from the
International Association of Business Communicators
(IABC) in New York. The only Philippine bank to have won
in the international competition, BPI was given the Gold
Quill Award of Excellence for “Talk to Us Campaign” and
the Gold Quill Award of Merit for Talk to Us on Facebook.
Manila Water receives visitors
from Cavite and Maui
BPI Family President TG Limcaoco (top) and BPI Card Banking
Group Head Ginbee Go (above) receive the respective awards
for the Ka-Negosyo Loan and the BPI-Ayala Malls Amore Card
External assurance for Ayala
2012 Sustainability Report
Manila Water recently hosted Mayor Alan Arakawa
of the County of Maui, Hawaii at the Liwasan ng
Kagitingan at Kalikasan, Taguig, where one of Manila
Water’s biggest sewage treatment plants is being built.
He was joined by council members of Maui County for
a tour of the nearly completed Taguig North Sewage
Treatment Plant.
Meanwhile, the Cavite Association of Water Districts
(CAWD) recently went on the Lakbayan tour, Manila
Water’s premier information, education, and
communication program on water and wastewater
education that gives stakeholders a view of the water
trail, from the water source, treatment, to distribution, and wastewater management.
At least 20 general managers from various water districts in Cavite joined Florencio Mendoza,
CAWD president, as he led participants through the East La Mesa Water Treatment Plant and the
Poblacion Sewage Treatment Plant.
The Lakbayan program promotes and imparts environmental protection and awareness to the
community by taking participants through an experience of how the company handles water from
the source to the customers, then back into Metro Manila’s waterways and rivers.
Ayala’s 2012 Sustainability Report, to be launched in
October, has received external assurance from TÜV
Rheinland India Private Ltd, a member of the TÜV
Rheinland Group, one of the world’s leading certification
bodies and assurance providers.
Ayala CFO and Chief Sustainability Officer Chito
Gonzalez, together with Chief Audit Executive Cathy
Hufana-Ang, received the certificates from TÜV
Rheinland COO Tristan Arwen Loveres, Deputy COO
Heide Mateo, and Manager Pinky Zamora-Villacrusis.
Globe 1st PH telco to use ODAS
Globe has unveiled the outdoor distributed antenna
system (ODAS), which creates a stronger mobile
phone signal for its subscribers, becoming the first
telecommunications company in the country to make
use of such technology.
The next best alternative to towering cell sites, ODAS
makes use of a specialized lamp post built with radio
signal transmission capability, bringing unparalleled
telecoms service for its subscribers in strategic
According to Emmanuel Estrada, Globe head of
Network Technologies Strategy, the ODAS solution
also supports all frequency bands used by wireless
carriers, including the cutting-edge long-term
Vol 17 • No 4 • 2013
evolution (LTE) technology. ODAS uses fiber-optic
cables to distribute a base station’s signals to
multiple low-power active antenna systems installed
in nominal locations inside residential subdivisions.
“The ODAS solution does not only improve mobile
phone signals, it also provides an alternative and
efficient lighting system,” Estrada says.
Fund raising for capex, refinancing
BPI FSB goes ‘plastic’
In July, Ayala Land and Globe Telecom listed bonds on the Philippine
Dealing and Exchange Corporation to be used in part for their
respective capital expenditure programs.
In response to
the demand for a
low-rate, no-frills
alternative to cash,
BPI Family Savings
Bank unveiled its
first credit card—
the BPI Family
Credit Card. The
card continues BPI FSB’s tradition of offering accessible
products, and comes with a 2% finance charge, the
lowest in the Philippines.
Globe’s notes, comprising of P4-billion seven-year bonds due 2020
and P3-billion 10-year bonds due 2023, were listed on July 17 and
given a rating of PRS Aaa by the Philippine Rating Services Corp.
On July 30, ALI issued and listed P15-billion bonds due 2024, its
largest debt issue for a single tenor to date.
Globe also signed a three-year $40-million term loan facility with
Mizuho Bank Ltd to prepay and refinance certain debts, said Globe CFO Alberto de Larrazabal. “The loan will help us
generate savings,” he said, noting the favorable environment in the debt market.
On July 31, Manila Water Company signed a $100-million loan with the International Finance Corporation (IFC) to help
expand its water and wastewater treatment facilities in its 1,400-square kilometer East Zone concession covering 23
cities and towns in and around Metro Manila.
Because of the low interest rate, cardholders get extra
help in paying for everyday expenses without having to
wait for payday. It is also for people intimidated by the
high interest rates usually charged by other credit cards.
“These new projects that IFC is helping fund is aligned with our priority to promote inclusive growth. As a strategic
partner of Manila Water for the past 10 years, we have seen it double the number of people who have access to clean,
affordable water at their homes,” said IFC Resident Representative Jesse Ang. The loan builds on IFC’s previous
investments in Manila Water, comprising a $30-million loan in 2002 and a $30-million loan and $15-million equity
in 2004.
Moreover, since the BPI Family Credit Card is licensed
by leading global payments company MasterCard,
cardholders can use it in over 34 million affiliated
merchants globally, assuring a safe, reliable, and widely
accessible payment solution.
Manila Water, subsidiaries
publish sustainability reports
BPI Globe BanKO, in cooperation with the
United States Agency for International
Development (USAID), has partnered with
the local government of Pulilan, Bulacan
to automate its payroll and water utility
payment system.
Manila Water has released its
latest Sustainability Report
with the theme, “Championing
Sustainability.” The 2012
Sustainability Report is self
declared Level A following
the GRI G3.1 standards,
and complies with the ISO
20006 guidance on social
Subsidiaries Boracay Island
Water, Clark Water, and
Laguna Water also mark a
significant milestone by releasing their
first-ever Sustainability Reports, which all comply with
the GRI Level C standards.
Their 2012 Sustainability Reports may be
downloaded at www.manilawater.com.
BanKO, Pulilan LGU pioneer mobile
money payroll
The partnership marks the first time that
employees of an LGU will receive their
salaries using mobile money technology.
In addition, more than 5,000 Pulilan
households will now be able to pay for
their water bills using their cellphones, with BanKO’s PayBills service.
“By being BanKO accountholders, the employees become financially empowered by gaining
access to formal banking services,” says Teresita Tan, president of BPI Globe BanKO.
According to Gloria Steele, mission director of USAID/Philippines, “The US government
strongly believes in the importance of leveraging partnerships in pursuing sustainable
solutions to key development challenges.”
BanKO hopes to replicate the same payroll disbursement model in more areas. “We look forward
to establishing the same partnership with more LGUs across the country,” concludes Tan.
UK Globetel brings overseas Filipinos closer to home
Globe now reaches more Filipinos around the world
with the establishment of an operating company in the
United Kingdom.
UK Globetel Limited, a member of the Globe group of
companies, offers telecommunications services such
as voice, SMS, MMS, load top-up and mobile data to
Filipinos residing in and visiting the United Kingdom.
“Globe is excited to set foot in the United Kingdom,
home to many Filipinos working in a variety of sectors,
who are permanent migrants or those visiting for
business or leisure,” says Rizza Maniego-Eala. “Our
thrust is to constantly find innovations and value-formoney offerings that will allow them to constantly keep
in touch and keep their ties stronger with their loved
ones, whether in the UK or back here in the Philippines.”
Globe Local UK SIM is the flagship product that
will serve domestic UK mobile telecommunication
requirements of Filipinos, while providing affordable
rates for calls and text messages to their families and
friends in the Philippines. The SIM card is available at
selected Filipino stores and partner-retailers in the UK,
while the top-up is available in over 40,000 corner
stores carrying Paypoint and Payzone payment terminals.
To know more log on to http://www.ukglobetel.com/.
Vol 17 • No 4 • 2013
CSR Bulletin
An aesthetic tree set up
in Urdaneta Village in
Makati City
IMI builds in Calauan
IMI, in coordination with Children’s Hour and Habitat for Humanity, built a Children’s Hour Daycare Center classroom
at the multisectoral relocation project Bayan ni Juan in Calauan, Laguna on July 10.
The 45 IMI employees who volunteered also interacted with the children of Bayan ni Juan in the afternoon. IMI
donated 76 pairs of slippers to the children.
The Calauan Build is one of the CSR projects coordinated by the IMI HR Division for its Weeks of Caring from July 8
to 19. Other activities included the Barangay Timbao Community Outreach and Blood Donation.
Globe transforms cell
sites into ‘palm trees’
Manila Water plants
seeds, knowledge
Globe has recently introduced cell sites camouflaged
as palm trees, following the use of the outdoor
distributed antenna system (ODAS), a state-of-the-art
technology that makes use of specialized lamp posts
built with radio signal transmission capability.
Manila Water recently joined the DENR-NCR and the La
Mesa Watershed Multi-Sectoral Management Council
(LMWMMC) in celebrating Philippine Arbor Day, as the
group planted 1,700 seedlings of native forest trees
such as Batino, Bitaog, Supa and Banaba within a
4-hectare portion of the watershed.
So far, Globe has utilized the aesthetic tree solution
to enhance connectivity in Urdaneta Village in Makati.
Says Emmanuel Estrada: “The disguised cell phone
towers will be difficult to identify as such, and
they even work to beautify the area where these
infrastructures are installed.”
Estrada also stressed that radiation coming from
cell sites is not considered harmful and is classified
as non-ionizing, similar to radiation coming from
low-frequency devices such as transistor radios,
microwave ovens, or baby monitors. In fact, all cell
sites and ODAS equipment of the company have also
been given radiation safety certificates by the DOH.
ODAS uses fiber-optic cables to distribute a base
station’s signals to multiple low-power active antenna
systems installed in subdivisions. ODAS has been
effectively deployed in Dasmarinas Village.
CMSP Executive Director Dinah Macaranas, Jojo Lastimosa, JAZA,
Germany’s Deputy Ambassador to the Philippines Michael Hasper,
and CMSP Chair Pastor Ferdie Mercado, Pastor Keith Quebral, CH
Asst. Exec. Dir. Geenette Garcia, with the children who participated in
a basketball sports camp
P2 million for CH
JAZA, founding chair of Children’s Hour Philippines
(CH), attended the September 3 inauguration of the
sports and social activity center of the Christian Mission
Service Philippines (CMSP) Children’s Village in Naic,
Cavite. The event also launched Bridge of Hope, a
holistic development and welfare program focused on
education, health and nutrition, and child protection.
The CMSP Children’s Village was brought to the
attention of JAZA through German Minister for Labor
and Social Affairs Ursula von der Leyen, whose daughter
volunteers at the center. Ayala donated P2 million to CH
as initial fund. The conglomerate has supported CH since
JAZA helped introduce it to the Philippines in 1999.
Vol 17 • No 4 • 2013
Manila Water has also recently fulfilled its pledge
to plant trees in denuded portions of the Marikina
Watershed Reservation. To date, Manila Water, in
partnership with Fostering People’s Empowerment,
Education and Enterprise Inc and 12 people
organizations, has planted 313,000 seedlings of
various indigenous and endemic forest tree species
within the 500-hectare denuded portions of Bosoboso
and Tayabasan sub-watersheds.
‘Agos’ features
Manila Water and the Manila Water Foundation
recently forged a partnership with Knowledge Channel
Foundation to raise public awareness on safeguarding
the country’s water supply. Four educational video
programs—collectively known as the “Agos” series—
are aired on Knowledge Channel’s TV, website and
YouTube platforms until September. Water-related online
games can also be played at www.kchonline.ph.
Personal Best
BPI opens tourneys in
weather fit to a tee
Globe wins in bowling, Manila
Water dominates in badminton
A sunny June 10 greeted the opening of the 5th
annual Manning Golf Cup at the Ayala Greenfield Golf
and Leisure Club in Calamba City, Laguna.
The day began with the ceremonial tee-off headed
by BPI Overseas Customer Segment and Remittance
Division Head Roy Emil Yu, BPI Manning Unit Head
Timi Basilio, and the President and CEO of Bibby Ship
Management Jonathan Palma.
BPI treated over 70 golfers from different manning
agencies as part of its commitment to strengthen
relationships and boost camaraderie with its partner
Bong Consing said, “My sincerest gratitude goes out
to our partner manning agencies who continue to
work hand-in-hand with BPI in supporting an industry
that supports our overseas Filipinos.”
Will Globe regain the JZA Cup from Manila Water and
repeat its victory in 2011?
Following an unexpected win in Bowling over longtime league masters Manila Water and BPI on August
14, the telecoms team is leading in the scoreboard
with an accumulated score of 95 points. Two weeks
later, on August 31, three-time JZA Cup Champion
Manila Water made a show of force in Badminton,
winning six of the eight game categories. It is a close
second in the overall rankings with 90.5 points.
Ayala Land, which came out strong in the first leg of
the Golf tournament earlier this year, is at third place
with 80 points, followed by BPI (74.5 points), IMI (70
points), and Ayala (47.5 points).
There are three remaining events: Volleyball (October 5
and 12), Street Dancing (October 12), and the second
leg of the Golf tournament (October 14).
The JZA Cup is an annual groupwide sports event which
aims to strengthen camaraderie and sportsmanship.
Added Global Banking Group Head Tony Paner: “We
are greatly thankful to you for keeping BPI as the
leader in this industry.”
On July 22, BPI also opened the 1st Kohaku Cup at the
Ayala Greenfield Golf and Leisure Club. The event was
attended by the bank’s top Japanese corporate clients.
“Kohaku,” which means “red and white,” signifies
happiness and celebration in Japanese culture.
These also happen to be the brand colors of BPI.
Integreon SMILE
initiative grows 800%
IMI’s new Certified
Project Managers
Integreon, a unit of Ayala’s LiveIt Investments and
leading global provider of outsourced legal, document,
research and business services, has published its
second annual CSR Report.
IMI recently honored four managers who passed the
Project Management Professional (PMP) certification
examination given by the Project Management
Institute based in Pennsylvania, USA.
Integreon reported that its associates volunteered more
than 2,600 hours for SMILE—a company record and an
increase of almost 800% from the previous year.
The new certified project managers are Maria Cecilia
Ramoy and Maximillan Chamorro from the Value
Engineering Department, Mario Christopher Celino of
Engineering, and Emelyn Patrocinio from Line Quality.
The SMILE (Spread Magic through Initiative, Love, and
Enthusiasm) initiative was founded in 2003 as a means
for the company to take an active role in giving back to
the community.
The resulting volunteer efforts have since touched the
lives of underprivileged children, the elderly, women,
and families all around the world.
The report highlights other CSR efforts, which include:
Joy of Giving Week, for which Integreon associates
worldwide volunteered more than 1,100 hours;
Donation to Children’s Hour; and Tahanan Outreach
Projects and Services (TOPS) in Sta. Ana, Manila, where
Integreon’s associates conducted a legal mission.
Other initiatives in the US and UK were also described.
Philippines wins in Math
Jasper Ryan Bisnar, son of NUVALI General Manager
Jun Bisnar, won a Bronze Medal at the 9th International
Mathematics Contest held in August in Singapore. With
a total of 161 medals, the Philippines finished first
among 10 countries, besting perennial champion China
and third-placer Singapore.
Jasper is a third-year high school student at Integrated
Montessori Center. It was his first time to participate in
the competition which drew about 1,300 contestants.
In all, the Filipino math wizards won 23 Gold, 45 Silver,
and 93 Bronze Medals.
The certification program is one of the flagship
training programs of IMI University which was formed
in 2012 to consolidate all training and human
resource development programs of IMI. Around 127
training programs were conducted by IMI University
in its first year, two-thirds of which were facilitated by
in-house experts.
IMI also partnered with Malayan Colleges Laguna to
deliver the Business Planning Program, a continuing
education program to enhance business capability
amid the challenging dynamics of the global market.
Topics include forecasting and advanced statistics,
marketing strategies, cash balancing, supply chain
management, risk management, business modelling,
and identifying growth opportunities.
Vol 17 • No 4 • 2013
Cinema ad launches ‘As One We Can’ campaign
Every Filipino has his or her own vision of a better
future. Ultimately, the challenge is for everyone to come
together in taking that first step toward making their
vision of a better future come true.
This challenge has prompted Ayala Foundation to
develop its official tagline “As One We Can.”
In August, AFI’s “Pilipinas: As One We Can” cinema
advertisement premiered at Ayala Cinemas,
encouraging Filipinos from all walks of life to come
together in building the nation’s future.
The 45-second ad featured special artworks created by
some of the most promising young artists in the country.
Each artwork displays various techniques, colors, and
styles, reflecting each artist’s unique sensibility and
approach to art. However, when the paintings are put
together, the word, “Pilipinas” appears—a symbol of
how Filipinos can harness their respective strengths
and harmonize the elements to form a bigger, more
compelling picture celebrating both unity and diversity.
The ad features the works of Vincent Aseo, Anjo Bolarda,
Rob Cham, Paulo Correa, Rai Cruz, Dan Fajardo, Clarina
Gonzales, Soleil Ignacio, Wiji Lacsamana, Tokwa
Peñaflorida, Vincent Trinidad, Nelz Yumul, and Chalk
Also featured are works of AFI-affiliated artists: Gladys
Documento, Yani Alonto, Jet de la Rosa (alumni of
the Ayala Young Leaders Congress); Lowell Moncal,
Katreena Villanueva, Rishanne Dizon (graduates of the
Center of Excellence in Public Elementary Education); and
Nikko Pascua (former AFI intern).
To support the ad, AFI displayed “As One We Can” posters
in parts of the Makati Central Business District (such as
the walkways, Glorietta, and Greenbelt). These posters
asked passersby to think of their vision of a better future.
At the same time they introduced the foundation’s four
program pillars—Education, Youth Leadership, Sustainable
Livelihood, and Arts and Culture.
AFI also refreshed its official website to reflect the
tagline. The bold new site makes a stronger call for
the public to support the foundation in three simple
ways—donate, partner, or volunteer.
AFI crowd-funds for 4 CENTEX
Ayala Foundation successfully raised $2,415, which will fund the education of four
students from the Center of Excellence in Public Elementary Education (CENTEX).
Using the web-based fund-raising strategy “crowdfunding,” AFI partnered with
SocialProject.ph to raise as much as $6,000, enough to fund 10 students, over
a period of two months. The CENTEX project was one of SocialProject.ph’s six
inaugural causes.
The crowdfunding effort was supported by 30 individuals over its two-month run. For
this show of support, CENTEX became the only cause to reach two milestones during
the campaign. AFI reached 40% of its target amount.
SocialProject.ph is a crowd-funding platform that connects inspiring initiatives for
communities in the Philippines to supporters around the world who want to increase
the impact of social good projects. The website advocates “responsible giving,”
promoting sustainability, empowerment, and creativity.
Vol 17 • No 4 • 2013
Driven to lead
A Page
from History
Honda Civic
then and now
President Fidel Ramos, Mitsubishi Corporation Chairman Minoru Makihara,
Secretary Joey Lina, and JAZA at the Isuzu plant inauguration in 1997
On September 27, Ayala—through wholly owned
subsidiary Automobile Central Enterprise Inc—
officially launches the Volkswagen brand in the
Philippines. Ayala Now looks back on Ayala’s
involvement and leadership in the industry.
Pasig, Alabang, Shaw, and Bonifacio Global City
branches would follow.
Expansion plans went south to Cebu. In 1992, Honda
Cars Cebu was formed, becoming the hub of Ayala’s
dealerships in the Visayas and Mindanao regions.
Branches were soon set up in Mandaue, Cagayan de
Oro, Negro Occidental, and Iloilo.
For over 20 years, Ayala Automotive Holdings
Corporation has incorporated the name of Ayala with
the growth of the Philippine automotive industry.
AUV project
Ayala, Mitsubishi, and RCBC once again partnered in
1995 to establish Isuzu Philippines Corporation (IPC).
IPC set up a P1-billion transmission factory in Laguna
Technopark to support Isuzu Motors’ Asian utility
vehicle project. The assembly plant was inaugurated
in July 1997 with 200 employees.
In September 1990, Ayala signed a joint venture
contract with Honda Motors Co Ltd, Mitsubishi
Corporation, and Rizal Commercial Banking
Corporation (RCBC) to organize Honda Cars
Philippines, Inc. (HCPI) for the local assembly of
the 1.2-liter Honda Civic under the government’s
“People’s Car Program.”
Isuzu Alabang, the flagship dealer of Ayala’s Isuzu
Automotive Dealership Inc (IADI), opened in November
1996 with a small showroom and service workshop.
In just two years, a bigger showroom was inaugurated.
IADI would also expand to Cebu and Cavite. There
In 1991, Honda Cars Makati Inc (HCMI), the first
Honda car dealership in the country, was
incorporated. The first showroom was in the
Magallanes Commercial Center in Makati City. The
would be branches in Pasig, Bohol, Iloilo, and Rizal.
With strategic initiatives focusing on market leadership,
quality programs, expanded services, and new business
partnerships, Ayala Auto continues to enhance its
growth platform in the domestic auto market. It ended
2012 with a market share of 45% among Honda
dealerships and 32% of total Isuzu sales.
Ayala Auto also looks into new undertakings for
expansion and diversification. Volkswagen AG, the
world’s third largest automobile manufacturer, has
chosen Ayala as the official Philippine distributor of
Volkswagen passenger vehicles in the Philippines.
At the signing ceremony in May formalizing the
partnership, Volkswagen’s President for Commercial
Operations in Greater China/ASEAN Weiming Soh
said: “We found in Ayala Auto a dedicated, resourceful,
and experienced partner in the Philippines that will
strengthen the Volkswagen brand.” Ayala’s first
Volkswagen showroom opens this year in BGC.
Ayala group responds to crisis
In the wake of Typhoon Maring, Ayala, ALI, BPI, and Globe donated a combined P2 million to the Department of
Social Welfare and Development and activated their disaster response mechanisms. You can also help:
Ayala Land
Donate to Alay sa Komunidad.
Cash or check donations
are accepted through
a dedicated bank account
for ALI Alay sa Komunidad
(BPI Acct No 0031-0684-95).
Laging Handa (Disaster Relief)
is accessible at
For US-based donors, go to
For donations, log on to www.bpiexpressonline.com
and choose Payments & Reloading > eDonations.
To donate using your mobile phone:
Dial *143#, select GCASH >
Others > Donate, enter your
four-digit MPIN, and select any of the
following organizations:
Red Cross, DSWD, or Simbahang
Lingkod ng Bayan.
Manila Water’s tankering service in Taguig
Manila Water
For concerns, call the Manila Water
hotline at 1627.
Globe’s soup kitchen in Malolos, Bulacan
Vol 17 • No 4 • 2013
NUVALI, Ayala Land’s 2,290-hectare integrated eco-community, held
a month-long outdoor exhibition in August called “Greenstallations”
to promote a more sustainable way of living through art.
Specially commissioned outdoor art installations by internationally
acclaimed Filipino artists were placed around NUVALI’s lakeside
commercial district.
Featured were the works of scrap metal artist Mario Mallari Jr. who
created “The Last Tree”; Juan Carlo Calma, an architect who took up
sculpture, painting, and light design in California, and created “Flower
Primitive” resembling a cluster of gigantic red blooms; Michael
Cacnio, a 1996 Ten Outstanding Young Men (TOYM) Awardee,
who used welded brass for his design named “Luksong Lubid”;
and renowned sculptor Eduardo Castrillo whose art piece called
“Community of Creation” depicts the dynamics of creative minds
coming together and working as one.
Other events also held from August to September
were the Green Art Display which featured art
installations that make use of non-traditional, earthfriendly, and/or recyclable materials; “Ecograffiti” or ecofriendly street art; and arts and crafts workshops for kids.
For more details, visit www.nuvali.ph or follow us on
Facebook (www.facebook.com/Nuvaliofficial) and
Twitter (@Nuvaliofficial).
“The Last Tree” by Mario Mallari Jr
“Community of Creation”
by Eduardo Castrillo
“Flower Primitive” by Juan Carlo Calma
“Luksong Lubid”
by Michael Cacnio
Art in Nature
JZA’s photographs, revealing
beauty and art in nature, are featured
in notecards and a limited-edition 2014
calendar. Corporate orders from Ayala
group companies are accepted
in September. For inquiries,
email [email protected]
PUBLISHER John Philip Orbeta • EDITOR IN CHIEF Emily de Lara • MANAGING EDITOR Janella Cacdac-Siena • EDITORIAL CONSULATANT Aries Espinosa • DESIGN Medium3
We thank the following for their contribution to this issue: Cathy Ang, Mau Barreiro, Paolo Borromeo, Aileene Fernandez, Beia Latay, Gale Launio, Jaimee Malenab, Maritoni Ortigas, Gigi Rapadas
| Jorge Marco, Suzette Naval, Jun Bisnar, Monique Castaneda, Frances Cacho, Jen Chua, Leo Grape, Cheska Kabiling, Mench Viduya-Dizon | Rita Canchela, Marivi Galisanao, Rachelle Dangin,
Rita Castellano-Dueñas, Portia Granados | Yoly Crisanto, Carmela David, Marigold Endriga, Jan Vincent Ibesate, Kristel Or | Jeric Sevilla, Arlene Liongson-Friginal, Mich Carag, Cloyd Masaudling
Fred Blancas, Nikki Quintos | Monette Gaela, Mary Marasigan | Kriselle Sebastian | Nature Calderon, Paul de Guzman, Jei Ente, Suzanne Yupangco | Bert Ramirez
Additional photography from: Bacolod City Public Information Office
EDITORIAL OFFICE: Ayala Corporation – Corporate Communications, 32F Tower One, Ayala Triangle, Ayala Avenue, Makati City 1226 Philippines | Email: [email protected]

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