MANILA, Philippines — Japan’s Mitsubishi Corp., is collaborating further with Ayala Corp. in the future even after reducing its stake in the Philippines’ oldest conglomerate. Mitsubishi has been a partner of Ayala since 1974, collaborating in various projects in the Philippines. The partnership is not likely to end, a representative from Mitsubishi said over the weekend....
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Ayala Land, Inc. (ALI) was recognized by Asiamoney as the country’s top company of the 2010’s, along with its parent company Ayala Corporation — having won the most number of awards in this decade in Asiamoney’s corporate-related polls. Asiamoney, a division of leading business and finance publication Euromoney, accorded the special recognition in celebration...
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The latest to resign was PAL senior vice president for planning and commercial group Angelito Alvarez, who was credited for the new flights launched by the airline since 2016. Alvarez was recruited by tycoon Ramon Ang in PAL when San Miguel Corp. acquired a 49 percent stake in the airline in 2012. A former commissioner of the Bureau of Customs, Alvarez was tapped to head the cargo business at t...
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The Business Process Outsourcing (BPO) industry continues to expand in new growth hubs outside Metro Manila as a more diverse group of BPO tenants invest in “Next Wave Cities,” revealed commercial real estate consultancy Santos Knight Frank. Overall, the local BPO industry currently employs 1.3 million jobs directly and 4.1 million jobs indirectly. Already, 25% of BPO industry emplo...
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MANILA - San Miguel Corp. is pushing for the construction of a bridge that would connect Caticlan to popular beach destination Boracay, its president and COO Ramon Ang said Friday. The project will cost more than P4.4 billion and benefit locals as well as visitors. It is also seen to help in the solid waste management at the prime tourist destination as transport would be easier. Currently,...
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THE Philippine Competition Commission (PCC) slapped a P27.11-million fine against Urban Deca Homes Manila Condominium Corp. and parent company 8990 Holdings, Inc., and ordered them to stop imposing a sole internet service provider (ISP) on unit owners at its nine condominium projects around the country. This marked the closure of the first abuse of dominance case in the country, the competition...
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