Ayala Corp grooms next generation of leaders BusinessWorld 14 hrs ago © Provided by BusinessWorld
As the Philippines’ oldest conglomerate gets bigger and more diversified, the family behind the empire knows it’s inevitable that outside talent would be needed to bring the company and its vast holdings to greater heights.
The diverse interests of Ayala Corp. banking, property, energy and telecommunications to name a few mean that it’s unlikely that “one single gene pool” could have all the skills needed to run various businesses, said Mariana Zobel de Ayala, a member of the founding family who has worked at various units. Her father, Jaime Augusto Zobel de Ayala, is the company’s chairman and was chief executive officer until he handed the reins to his brother Fernando in April.
Philippines Ayala Land To Invest $1 8 Billion In Cebu Waterfront Project
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For banks that backed PH coal boom, the path to renewable energy comes with roadblocks
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For banks that backed PH coal boom, the path to renewable energy comes with roadblocks Banks in Asia and the Philippines are moving at a snail’s pace in defunding coal. At least 10 Philippine banks gave $841 million in loans and participated in $1.3 billion worth of underwriting activities involving at least five coal companies since the 2015 Paris climate agreement. BY KAROL ILAGAN June 29, 2021 | 07:00:00 AM
In 2017, a network of more than 100 organizations filed a landmark climate complaint against the International Finance Corp. (IFC), the private sector arm of the World Bank.
The Philippine Movement for Climate Justice (PMCJ) accused the IFC of contributing to the climate crisis as it had funded 19 coal power plants across the Philippines through a local bank, the Rizal Commercial Banking Corp. (RCBC), the ninth largest bank in the country in terms of assets.
LRMC partners with Angkas for ride-hailing services
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