BusinessWorld
May 25, 2021 | 6:35 pm
(Part 5)
We have seen some specific examples of how business enterprises that started with modest offerings of goods or services to a limited clientele eventually evolved into large corporations that have succeeded in articulating corporate purpose in an effective way for better governance and management. We saw how Ikea, the biggest furniture company in the world, transformed itself from a mail-order business that sold pencils, postcards, and similar merchandise into a multinational enterprise with a clear corporate purpose. We also observed how large Philippine conglomerates like San Miguel Corp., Ayala Corp., and the DMCI Corp. have evolved into purpose-driven businesses with the active participation of their respective boards of directors and top management.
BusinessWorld
May 26, 2021 | 12:31 am
THE two-day BusinessWorld Virtual Economic Forum 2021 Special Edition starts today with the theme of “The Digital Economy PH: Towards a Faster Economic Recovery.”
The forum, which runs until May 27, gathers top business leaders, government officials and experts to discuss how the coronavirus disease 2019 (COVID-19) pandemic has accelerated the country’s digital transformation and what steps are needed to support its full transition into a “digital economy.”
The lineup of high-caliber speakers is led by Fernando Zobel de Ayala, president and chief executive officer (CEO) of Ayala Corp., who will deliver a keynote speech on the topic “Accelerated by the Pandemic: Digital Transformation as the Way Forward” today.
BusinessWorld
May 26, 2021 | 12:07 am
Keren Concepcion G. Valmonte
EXECUTIVES of top listed companies attributed their success to the opportunities and funding they were able to unlock at the stock market through an initial public offering (IPO).
“I think it is evident from the stories and insights of our resource speakers that had their companies opted to remain private family entities, they may not have been able to fast-track their growth and expansion,” Philippine Stock Exchange (PSE) President and Chief Executive Officer Ramon S. Monzon said.
In a bid to boost listings, the PSE invited top executives of companies with successful IPO experiences to share their stories in an online briefing called “The Road to IPO.” At least 600 participants tuned into the live webcast.
BusinessWorld
May 25, 2021 | 12:02 am
ACENERGY.COM.PH
AYALA-LED AC Energy Corp. said on Monday that it had committed to supply over 28,900 megawatt-hours of renewable energy (RE) to the Laguna-based plant of consumer goods firm Pacific Synergy Food & Beverage Corp.
Under the deal, AC Energy will provide 100% RE to support Pacific Synergyâs plant during its peak operating hours for the next two years. The Ayala Corp. unitâs supply will come from its wind, solar and geothermal portfolios, the firm said in a press release.
The agreement will help eliminate an estimated 1,500 tons of carbon dioxide equivalent for the duration of the deal, which translates into offsetting the emissions of over 320 cars per year, AC Energy said.
Philippine utility Maynilad Water Services Inc has signed a revised water deal with the government to allow it to continue operating, more than a year after President Rodrigo Duterte threatened to take over its business.