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Ayala to expand partnership with Bosch
The Ayala Group and German company Bosch are eyeing opportunities to expand further their partnership in the Philippines......»»
Ma-inspire, maantig ang puso sa pelikulang ‘White Bird: A Wonder Story’
NAAALALA niyo pa ba ang 2017 hit movie na “Wonder?” Makalipas ang pitong taon, mayroon na itong follow-up movie na pinamagatang “White Bird: A Wonder Story” na eksklusibong mapapanood sa Ayala Malls Cinemas. Ang bagong pelikula ay base rin sa nobela na isinulat ni RJ Palacio na author din ng “Wonder.” Inspiring at talaga namang.....»»
ALI’s affordable housing arm takes lead in smart solutions
Amaia Land, the affordable housing arm of property giant Ayala Land Inc., is taking the lead within the ALI business units in providing innovative residential solutions as it is set to unveil a groundbreaking advancement in modern living......»»
Dover Corporation opens career opportunities; Hiring Blitz now launched
Dover Business Services (DBS), an independent business-to-business service provider within Dover Corporation, launched a job fair dubbed “Hiring Blitz” for their expansion plans in Cebu at Seda Ayala Center Cebu on January 25 to 26, 2024. The 2-day fair offers a wide range of career opportunities, from senior leadership to data analytics and project management,.....»»
BanKo disburses P14.2 billion loans to small businesses
The microfinance arm of Ayala-led Bank of the Philippine Islands has disbursed over P14 billion in business loans to self-employed microentrepreneurs this year......»»
SMC, Ayala ink deal connecting Arca South to Skyway 4
Two of the country’s biggest conglomerates, San Miguel Corp. and the Ayala Group, have set aside their business rivalry to establish a seamless connection between Skyway Stage 4 and Ayala’s Arca South estate......»»
Iconic Italian home brand marks 16 years in Phl
Sixteen years of bringing joy to Filipino homes. This was how SMEG Philippines presented itself to its guests to mark its recent anniversary celebration at The Ayala Museum. SMEG, the world-famous Italian brand of modern lifestyle home and kitchen appliance that incorporates technology and style into every product, is exclusively distributed in the Philippines by Mondo Cucina Inc., owned by the power couple Ton and Karen Concepcion. SMEG stands for Smalterie Metallurgiche Emiliane Guastalla (roughly translated to English as Metal Enameling Plant of Guastalla, Emilia). It is best known for its outstanding performance and sleek, retro-style designs for refrigerators, washing machines, stand mixers, toaster ovens, microwaves, wine cabinets and coffee machines – all in striking colors of red, blue, orange, yellow, white and what-have-you. The iconic global brand has elevated the culinary experience with a touch of sophistication to numerable kitchens, making them truly a functional pieces of art. “Sixteen years ago, my wife Karen and I went to a town called Guastalla in Emilia Romagna in the northern Italy, where SMEG’s headquarters are located,” said Ton, founder and owner of MCI. “We immediately fell in love with SMEG. Never have we seen such beautiful appliances made with careful attention to design and technology. We knew we have to bring SMEG into the Philippines. And so, in 2006 driven by a passion for excellence into bringing the best experiences to the customers, we open the first SMEG experience center at Serendra in BGC.” Concepcion added: “Today, SMEG is an iconic brand — a household name desired by many. It can be found in top luxury homes all over the Philippines and nearly 10,000 luxury condominiums across Metro Manila, Cebu and Davao, all having SMEG kitchens. Our customers understand that SMEG products are actually pieces of art and not just appliances. We are excited for the future as we continue to innovate and launch new products and expand our stores and service centers nationwide.” Functional pieces of art Since SMEG products have been recognized as functional pieces of art, it was just apt that SMEG Philippines anniversary was held at the Ayala Museum, where guests were first transported to Italy via a delightful indoor garden installation, then ushered to view a great Philippine masterpiece. The venue was transformed into a lush Italian garden playfully adorned with SMEG appliances like an art installation reminiscent of the Emilia Romagna region. It was filled with lemon trees, flowers and verdant greens that came alive with the stunning colors of SMEG appliances showcased as pieces of art. Then, guests were ushered to an exclusive preview of a great Philippine masterpiece -- Juan Luna’s long-lost artwork, “Hymen, oh Hyménée.” This prized work by Luna stayed with him for a decade until his death in Hong Kong in 1899, when it mysteriously vanished. Italian ambassador to the Philippines, Marco Clemente, and SMEG Export director for Asia Matteo Lupi graced the event. Business leaders from the Italian Chamber of Commerce in the Philippines and stalwarts from the country’s property development, design and architecture industries were also present. “Our brand’s commitment to outstanding design and quality remains,” said Karen, SMEG Philippine creative director. “SMEG technology is very important and unique. It’s energy saving. It’s a big plus.” SMEG Philippines continues to push the envelope in terms of design and innovation. The long tradition and history, combined with new creations continue to bring even better SMEG appliances to more homes. “For the next 16 years or maybe not just 16 but many more years, we continue to innovate and market the brand. We always want to think out of the box and that’s the spirit of SMEG — artistic, high quality and unexpected,” Karen concluded. The post Iconic Italian home brand marks 16 years in Phl appeared first on Daily Tribune......»»
Valiram eyes airport outlet expansion
Malacañang confirmed that the Malaysian retail specialist, Valiram Group, is eyeing the expansion of its operations in the Philippines by developing airport outlets for duty-free retail tourism. The commitment was made during the meeting of Valiram Group officials with President Ferdinand R. Marcos Jr. in Singapore on Saturday, according to Presidential Communications Office Secretary Cheloy Garafil. She said Valiram’s development priorities include having duty-free access at the airports. “The company is building more airport walk-through stores personalized to provide customers with a pleasant shopping experience,” she added. Present during the meeting with Marcos were Valiram Group executive directors Mukesh Valiram, Ashvin Valiram, and Sharan Valiram; Esquire Financing chairperson and chief executive officer Rajan Uttamchandani; and Ayala Corp. chief sustainability and risk officer Jaime Zobel Urquijo. Citing the statement of one of the Valiram executives, Garafil said the Malaysian retail specialist is seeking the immediate expansion of its operations in the Philippines in the next five years. She added that Valiram wants to bring some of its brands that are not yet represented in the Philippines, “in an effort to elevate customer experience to another level” by giving them more space at the nation’s gateways, removing the stress and hassles of security checks. “Things like… complementing Victoria’s Secret, Bath and Body Works, and some of our partners’ work in Southeast Asia have expressed interest. Their business is small, currently in the Philippines. And they want to see if we can help us over there and try and amplify them in the local market,” Garafil said, quoting one of the Valiram executives. Marcos Jr. acknowledged the vital role of retail business in the Philippine economy, adding that Valiram could also help boost the country’s tourism industry. “It is an important sector of the economy. It’s what’s driving the economy now, it’s consumer spending,” he told Valiram officials, as quoted by the PCO. Philippine officials who were at the meeting included Garafil, House Speaker Ferdinand Martin Romualdez, Special Adviser on Investment and Economic Affairs Secretary Frederick Go, and Philippine Ambassador to Singapore Medardo Antonio Macaraig. More investors Romualdez, for his part, expressed support for the President’s thrust to encourage more investors to come to the Philippines, noting that Congress is focusing on crafting legislation or laws that govern the treatment and appreciation of foreign investments into the country. Romualdez stressed that “Congress is moving under his leadership by streamlining those laws.” Established in 1935 in Kuala Lumpur, Malaysia, Valiram is Southeast Asia’s leading luxury goods and retail specialist with a presence in Malaysia, Singapore, Indonesia, Australia, the Philippines, Thailand, Hong Kong, Macau and Vietnam. Operating more than 350 stores, a number which continues to grow, the group represents more than 200 brands across various categories, from fashion and accessories, timepieces and jewelry, perfume, and cosmetics to confectionery and dining concepts. The post Valiram eyes airport outlet expansion appeared first on Daily Tribune......»»
Palace: Malaysian-based Valiram eyes dev’t of airport outlets in Phl
Malacañang confirmed that the Malaysian retail specialist, Valiram Group, is eyeing the expansion of its operations in the Philippines by developing airport outlets for duty-free retail tourism. The commitment was made during the meeting of Valiram Group officials with President Ferdinand R. Marcos Jr. in Singapore on Saturday, according to Presidential Communications Office Secretary Cheloy Garafil. Garafil said that Valiram’s development priorities include having duty-free access at the airports. “The company is building more airport walk-through stores personalized to provide customers with a pleasant shopping experience,” she added. Present during the meeting with Marcos were Valiram Group executive directors Mukesh Valiram, Ashvin Valiram, and Sharan Valiram; Esquire Financing chairperson and chief executive officer Rajan Uttamchandani; and Ayala Corp. chief sustainability and risk officer Jaime Zobel Urquijo. Citing the statement of one of the Valiram executives, Garafil said the Malaysian retail specialist is seeking the immediate expansion of its operations in the Philippines in the next five years. She added that Valiram wants to bring some of its brands that are not yet represented in the Philippines, “in an effort to elevate customer experience to another level” by giving them more space at the nation’s gateways, removing the stress and hassles of security checks. “Things like… complementing Victoria's Secret, Bath and Body Works, and some of our partners' work in Southeast Asia have expressed interest. Their business is small, currently in the Philippines. And they want to see if we can help us over there and try and amplify them in the local market,” Garafil said, quoting one of the Valiram executives. Marcos acknowledged the vital role of retail business in the Philippine economy, adding that Valiram could also help boost the country’s tourism industry. “It’s an important sector of the economy. It’s what’s driving the economy now, it’s consumer spending,” he told Valiram officials, as quoted by the PCO. Philippine officials who were at the meeting included Garafil, House Speaker Ferdinand Martin Romualdez, Special Adviser on Investment and Economic Affairs Secretary Frederick Go, and Philippine Ambassador to Singapore Medardo Antonio Macaraig. Romualdez, for his part, expressed support for the President’s thrust to encourage more investors to come to the Philippines. The house speaker noted that Congress is focusing on crafting legislation or laws that govern the treatment and appreciation of foreign investments into the country. Romualdez stressed that “Congress is moving under his leadership by streamlining those laws.” “And we are also looking at the totality of the body of laws and looking at older, or laws that are either obsolete or archaic, or those are so-called timely to encourage more foreign investors,” Romualdez said, partly in Filipino. He said the administration’s efforts are aligned with the “Foreign Investments Act and the details to open up the economy for foreign direct investments.” Established in 1935 in Kuala Lumpur, Malaysia, Valiram is Southeast Asia’s leading luxury goods and retail specialist with a presence in Malaysia, Singapore, Indonesia, Australia, the Philippines, Thailand, Hong Kong, Macau and Vietnam. Operating more than 350 stores, a number which continues to grow, the group represents more than 200 brands across various categories, from fashion and accessories, timepieces and jewelry, perfume, and cosmetics to confectionery and dining concepts. The post Palace: Malaysian-based Valiram eyes dev’t of airport outlets in Phl appeared first on Daily Tribune......»»
Stable, reliable power for ARCA South Taguig
The Manila Electric Company has energized a new smart substation in Taguig City to ensure the provision of stable and reliable power for Ayala Land Inc.’s Arca South development and the adjacent communities in the area. Entailing a capital investment of P597 million, the new 115 kV-34.5 kV gas-insulated switchgear substation was commissioned with an initial capacity of 83 megavolt amperes but will ultimately house three transformer banks with a combined capacity of 249 MVA that will support the existing and future energy requirements of the Arca South development, a new business and lifestyle district in Taguig City. [caption id="attachment_182269" align="aligncenter" width="1167"] Meralco senior vice president and chief revenue officer Ferdinand O. Geluz. Ayala Land senior vice president and group head Robert S. Lao, Taguig City District 2 Councilor Alexander S. Penolio, Meralco chairman and chief executive officer Manuel V. Pangilinan and Meralco executive vice president and chief operating officer Ronnie L. Aperocho.[/caption] Aside from catering to the growing energy needs of the Ayala estate, the Arca South substation will also improve voltage regulation in parts of Taguig City, provide operational switching flexibility during contingencies and contribute to system loss reduction in the area. Some of the communities and establishments that will benefit from the new substation include AC Health’s Healthway Cancer Care Hospital, Ayala Malls Arca South, Alveo Veranda, Avida Towers Vireo, Landers Superstore Arca South, Maharlika Village, Puregold FTI Taguig, Sunshine Mall Plaza, Taguig Pateros Hospital and Technological University of the Philippines-Taguig. “As we continue to build upon the foundations of Arca South, we are ensuring that the energy needs of this community are met with efficiency and resilience. This substation represents more than just a physical structure; it represents our dedication to sustainable urban development. It is a cornerstone of progress, enabling us to power homes, businesses and innovations that will drive Arca South's growth and development,” Robert Lao, Ayala Land senior vice president and group head for Ayala Land Estates, said. Meralco executive vice president and chief operating officer Ronnie L. Aperocho, for his part, said the development of the Arca South substation forms part of Meralco’s unceasing support to commercial customers like Ayala Land that play a vital role in the country’s economic growth and development. “The opportunity to participate in the master planning of Ayala estates has allowed Meralco to serve more customers and further cement our commitment to keep the lights on. As a testament to that, this newly energized smart substation in Arca South Taguig will provide safe, adequate and reliable capacity to serve the existing and future power requirements of this particular Ayala Land development, and the adjacent communities in the area,” Aperocho said during the inauguration of the project. The Arca South project is the latest development in Meralco’s longstanding partnership with Ayala Land. Over the past several years, Meralco has energized nearly a hundred projects of Ayala Land and its subsidiary, Makati Development Corporation, including One Ayala and Seda Manila Bay. In addition, Ayala Land consistently provides a substation lot provision for its estate developments. Meralco has been investing heavily on projects that will not just improve its electricity distribution system, but also contribute to ensuring that the infrastructure to support the government’s nation-building efforts are in place. “We share a common goal, which is to uplift the lives of our people and we encourage the active participation and engagement of the private sector in the present economic programs,” Meralco chairman and chief executive officer Manuel V. Pangilinan said during the inauguration. The post Stable, reliable power for ARCA South Taguig appeared first on Daily Tribune......»»
Ayala Avenue kicks off month-long ‘car-free’ Sunday mornings
This month, a long stretch of Ayala Avenue in the central business district of Makati City is going car-free every Sunday morning......»»
Seda celebrates 5th year
Five years ago, the landscape of Cebu Business Park forever changed when Seda Ayala Center Cebu opened its doors to appreciative local and international travelers. [caption id="attachment_181228" align="aligncenter" width="1900"] Evening gown by Paco Serafica.[/caption] Helmed by general manager Gwen dela Cruz, with 35 years of experience in the hospitality industry, she assembled a sterling team that was ready — and had triumphed — through each and every challenge imaginable — to include the global terrors, such as the Covid-19 pandemic and devastating typhoons like “Odette.” [caption id="attachment_181246" align="aligncenter" width="1900"] Gwen dela Druz, Margie Lhuillier, Javier Hernandez and Genny Puno.[/caption] Fast forward to half a decade, the property brought together Cebu’s top corporate partners and most esteemed individuals to celebrate the past and embrace the future through the Pagpadayun. [caption id="attachment_181247" align="aligncenter" width="1384"] DesigneD by Stef Tirado.[/caption] A Bisaya word which means “to move forward,” Pagpadayun is a testament to the previous trials that the hotel faced and surmounted — as it was spearheaded by the officers and supported by the staff — and the hotel’s bright tomorrow. [caption id="attachment_181248" align="aligncenter" width="1900"] Designed by Eyla Orsais.[/caption] The Filipiniana-inspired affair was anchored on their core values, dubbed as LIVEM — Leadership, Integrity, Vision, Excellence and Malasakit. [caption id="attachment_181250" align="aligncenter" width="1900"] Gown by Pearl Arandia.[/caption] The evening showcased the well-orchestrated five-course dinner, unveiled by executive sous chef Gina Limot. It was definitely a top-tier gastronomic experience. [caption id="attachment_181253" align="aligncenter" width="1746"] DesigneD by Jan Tiong.[/caption] It likewise highlighted fashion, as they collaborated with the Fashion Association of Cebu’s Elite Talents to include designers, such as Stef Tirado, Jan Tiong, Eyla Orsais, Paco Serafica and Pearl Arandia. [caption id="attachment_181254" align="aligncenter" width="1900"] Filet Mignon and pan seared parrot fish drizzled with red wine reduction, safron sauce, mashed potato and asparagus spears.[/caption] [caption id="attachment_181255" align="aligncenter" width="1087"] Chicken liver pate served with toasted baguette and a drizzle of cumberland sauce.[/caption] In attendance were Ayala Land Hotels and Resorts Corporation board of directors representative Michael Alexis Legaspi, president and chief executive officer Javier Hernandez, chief financial officer Phearl Raz, Seda Hotels Group communications director Genny Puno and Seda Hotels Group engineering group director Efren Rodrigo. [caption id="attachment_181257" align="aligncenter" width="1824"] Laurie Boquiren, Neil Felipp, Jun Alegrado and Eva Gullas.[/caption] The aptly named observance was more than just a mere get-together for it celebrated Seda Ayala Center Cebu’s drive to persevere despite the challenging onslaught of natural crises. The post Seda celebrates 5th year appeared first on Daily Tribune......»»
Makati subway facing delays due to SC ruling
The Makati City subway project, the first underground railway project undertaken by a local government unit, is facing another headwind after its alignment was adversely affected by the tug-of-war between the cities of Makati and Taguig over territorial disputes. In a stock report on Wednesday, private proponent Philippine Infradev Holdings, Inc. disclosed that the project alignment is no longer viable as the depot and a few stations, which were supposed to traverse through Makati City properties, were found to be within the jurisdiction of Taguig City instead as ruled by the Supreme Court or SC. "Under the Joint Venture Agreement executed between the Makati City Government and the Company, the depot and a few stations of the Makati City subway system will be in the affected areas. Also, the alignment of the subway will no longer be feasible," the company informed the stock exchange. Particularly, the SC decision affected the Makati City subway project's depot in Cembo as well as the planned stations in the University of Makati in West Rembo, and Ospital ng Makati in Pembo. Thus, Infradev said it has reached out to the Makati City government, through an Intent Notice, to discuss the next course of action that they should take following the SC order. In April 2022, the SC Third Division ruled with finality that the disputed areas, Bonifacio Global City and nearby Enlisted Men’s Barrio or EMBO barangays, were under Taguig City's jurisdictions. However, before Taguig City’s courts assume pending litigations over the said areas, which used to be part of Makati, it first needs to secure a writ of execution. A writ of execution is a legal order issued by a court that qualifies the enforcement of a judgment or court decision. In 2019, the Makati City Government signed the Joint Venture Agreement with Infradev and its partner after the company hurdled the competitive Swiss Challenge and obtained approval for the construction, operation, and management of the intra-city subway. Under the joint venture, Makati would only contribute land it currently owns for the project. The subway aims to connect key points in Makati like the current Central Business District at the corner of Ayala and Sen. Gil Puyat Avenues, Circuit City, Makati City Hall, University of Makati, Ospital ng Makati and other new growth areas within the city. The subway is planned to have up to 10 air-conditioned, underground island stations whose entrances will be linked to destinations across the city. The project can accommodate up to six-car trains, with room for over 200 persons per car, with more than 700,000 passengers per day to be accommodated and served by the proposed mass transport system. The post Makati subway facing delays due to SC ruling appeared first on Daily Tribune......»»
Globe brushes off SIM listing impact
Ayala-backed Globe Telecom Inc. hurdled the mandated subscriber identity module, or SIM, registration unscathed as its mobile business revenues remained robust. The company’s mobile business slightly grew in the first half with P54.8 billion in revenues, a one percent increase from the P54 billion a year ago. “We see that SIM registration has no material impact on revenues. We’ve observed our top-ups remain unaffected and acquisitions in the last five weeks are still at least 50 percent higher than pre-deadline run rates,” Darius Delgado, head of Globe Consumer Mobile Business, said. He added: “It’s evident that we have already covered 99 percent of our revenue base.” 30M churned Delgado explained that the 30 million unregistered SIMs Globe deactivated after the SIM registration deadline are predominantly inactive. They were the result of push-selling activities in the past, which were discontinued in the latter part of 2022. Globe’s 53.7 million registered SIMs account for over 99 percent of its revenue-generating subscriber base, consistent with company guidance that the SIM registration exercise will not have any impact on its top-line results for the year. The SIM Registration Act mandated all mobile phone and prepaid broadband users to register their existing SIMs by 25 July, or face SIM deactivation. It was implemented to curb the spread of scams and spam messages. Meanwhile, Issa Guevarra-Cabreira, chief commercial officer of Globe, reiterated the company’s focus on customer quality over quantity. “As we’ve always emphasized, we do not focus on subscriber count but rather on the quality of customers. And we have seen that our ARPUs are improving quarter on quarter as mobility increases,” she said. “This is despite the headwinds that we’re anticipating in the back half, perhaps driven also by the back-to-school and the economic activity that has returned to the country,” she added. The post Globe brushes off SIM listing impact appeared first on Daily Tribune......»»
Seda Ayala Center Cebu’s 5th Anniversary Showcases Filipino Fashion with ‘Pagpadayun’
Marking a significant milestone, Seda Ayala Center Cebu radiates with five years of success since its grand opening on August 19, 2018. A hub of comfort for both local residents and global travelers, this hotel has become a pivotal element in Cebu City’s thriving growth, nestled within the vibrant Cebu Business Park. While the hotel The post Seda Ayala Center Cebu’s 5th Anniversary Showcases Filipino Fashion with ‘Pagpadayun’ appeared first on Cebu Daily News......»»
Villar group sets sight on hotel deals
The Villar Group is now targeting the hotel and tourism industry as a growth driver amid the strong rebound the travel sector is experiencing. Banking on the massive potential of the hospitality sector, business magnate Manuel Villlar Jr. is now taking decisive moves for his property companies to become a household name in the industry through the Brittany Hotel brand, which he recently acquired. “This one in Bonifacio Global City is my fanciest hotel until the next one opens. I have another Brittany Hotel in Daang Hari. That will be a bit smaller with only 120 rooms. It will be under the Brittany Hotel brand, which I plan to make a chain. It’s not Makati that’s in anymore, it’s Villar City now,” Villar said. “I’m bullish on the hotel (business), it’s good locally. The Philippines has just begun and I think the local hotel industry is just now picking up and I think the per capita income is getting higher,” he added. This ambition is on top of the ongoing development of Villar City — the family’s most ambitious project to date. It is envisioned to be a massive master-planned integrated development that will be composed of 15 satellite cities. It is also poised to be about 10 times as big as Bonifacio Global City — indicating its sheer magnitude not only in terms of the number of homes, offices, and complexes that will be built within this vast community. Infra also on table As part of the development, Villar recently announced that he will expand the LRT-1 Cavite Extension Project to Dasmariñas, Cavite at no cost to the government. The entire LRT-1 extension project of the Light Rail Manila Corp. or LRMC covers major cities such as Quezon City, Caloocan, Manila, Pasay and Parañaque. It is designed to cater to up to 800,000 passengers daily. Villar’s proposal, which he said had already been on the table for quite some time, will extend the project further from Las Piñas City to Dasmariñas, Cavite through seven new stations. He did not disclose how much the project would cost but he said “it will be big.” Notably, Villar said it was the Ayala and the Pangilinan groups who reached out to him to start a partnership to take on the railway project. The post Villar group sets sight on hotel deals appeared first on Daily Tribune......»»
A journey of innovation and creativity among kiddie entrepreneurs
IDEAYALA 2023 offers an opportunity for the next generation of entrepreneurs to showcase their innovative business ideas and turn them into action. In addition to encouraging the youth’s creative thinking and problem-solving skills, the affair also aims to instill in them a sense of confidence and determination to pursue their dreams. Spearheaded by Ayala Malls in partnership with Kiddo-preneur, IDEAYALA’s commitment to supporting and recognizing the potential of these young minds exemplifies the group’s dedication to nurturing the next generation of business leaders in the Philippines. Following the launch at Greenbelt earlier this year, Ayala Malls and Kiddo-preneur continue to empower the youth, ages five to 17, as they make rounds at various Ayala Malls in the coming weeks and months: Market! Market! on 26 and 27 August, Ayala Malls Circuit on 2 and 3 September, Glorietta on 23 and 24 September, Ayala Malls Solenad on 7 and 8 October, Ayala Malls The 30th on 21 and 22 October, Ayala Malls Feliz on 11 and 12 November and Ayala Malls Marikina on 18 and 19 November. Future leaders Launched in 2014 as the brainchild of Mariana Zobel de Ayala and Paloma U. Zobel, IDEAYALA is a visionary project that aims to inspire, train and challenge young minds to innovate and create viable, sustainable and market-inclusive mall experiences or entrepreneurial concepts. Seeking to envision the “mall of the future,” some of these ideas may even hold the potential to address the country’s social and environmental concerns. Previously, IDEAYALA mostly engaged college students through talks, mentorship programs and competitions. After seeing how the pandemic affected numerous businesses, particularly the micro, small and medium enterprises, IDEAYALA took on a different shape. This year’s IDEAYALA initiative focused on developing a new generation of strong business leaders by engaging entrepreneurs as young as five years old. This shift in approach sparked a partnership between IDEAYALA and Kiddo-preneur, a socially oriented non-profit organization dedicated to nurturing entrepreneurship among the youth. Together with Ayala Malls, Kiddo-preneur is driving meaningful change by propelling the next generation of young entrepreneurs forward. “IDEAYALA was created by our need to define the ‘mall for the future,’” shared Mark Sablan, vice president and head of Leasing of Ayala Malls. “Fast forward to today, after the pandemic, we revisited the concept of IDEAYALA together with Kiddo-prener because we believe these young minds will be the source of inspiration and new concepts that we’ll be discovering in the next coming years.” IDEAYALA co-founder Zobel de Ayala added, “It’s exciting to be in the midst of all this creativity. It’s also impressive to see kids this young conceptualizing and executing fresh ideas and new solutions. Our goal now at IDEAYALA is to nurture this mindset and encourage the kids to keep imagining new and sustainable business models and ideas for the future.” Opportunities Hundreds of kids launched their businesses through IDEAYALA. Some of the businesses showcased at recently concluded events in Greenbelt, TriNoma and Fairview Terraces were eight-year-old Mariella Oreta’s Science in a Jar, an education-oriented business that sold live caterpillars; Zara, Zree and Zac Chua’s Cafe de Slime, which sold slime sets; and siblings Vino and Bella Bugayong’s VB Pantry, which sold treats and refreshments to hungry mallgoers. Other notable highlights were the Build-A-Brand Workshop, where 50 young kiddo-preneurs were challenged to get creative and create and present their very own shampoo brand. The kids also got the chance to listen and learn from industry titans: Jollibee Foods Corporation president and chief executive officer Ato Tanmantiong and the founder and namesake of the well-loved Mary Grace Café, Mary Grace Dimacali, who shared their humble beginnings and how they grew their businesses into the empires they are today. The post A journey of innovation and creativity among kiddie entrepreneurs appeared first on Daily Tribune......»»
Ayala expands EV business with Gogoro joint venture
The Ayala Group is on a roll in expanding its electric vehicle or EV business, especially after it formally established Gogoro Philippines Inc., a joint venture that paves way for the much-awaited launch of Taiwan’s Gogoro two-wheeled EV battery- swapping technology in Metro Manila. Ayala Corp. or AC informed the stock exchange on Friday that AC- 917Ventures, and Gogoro SG have executed its Joint Venture Agreement for the partnership last 24 August. Thus, Gogoro PH will undertake the importation, sale, distribution, operation, management, and maintenance of two-wheeled electric scooters with battery swap technology under the Gogoro brand and battery swapping stations for E-Scooters. Likewise, it will handle the after-sales services business, which may include the importation and distribution of other E-Scooter brands compatible with local battery swapping stations. Subscription Agreement As part of the deal, AC entered into a Subscription Agreement with Gogoro PH to subscribe to 42 million common shares of Gogoro PH, representing a 21 percent stake. Meanwhile, 917Ventures, a wholly-owned subsidiary of Globe Telecom Inc., will own 98 million common shares or almost half or 49 percent of Gogoro PH. Gogoro SG, on the other hand, is a wholly-owned subsidiary of Gogoro Inc., a listed company that has developed a battery-swapping refueling platform for urban electric two-wheeled scooters, mopeds, and motorcycles. It will own 60 million common shares, which is equivalent to 30 percent of the venture. The post Ayala expands EV business with Gogoro joint venture appeared first on Daily Tribune......»»
Seda Ayala Center Cebu Celebrates the Past and Embraces the Future at their 5th Anniversary Event, Pagpadayun
Seda Ayala Center Cebu opened its doors to locals and international travelers on August 19, 2018. Five years since its opening, the hotel looks back on its history and its contributions to Cebu City’s growth and its dynamic location in Cebu Business Park. The hotel offers a range of comforts and conveniences essential to the The post Seda Ayala Center Cebu Celebrates the Past and Embraces the Future at their 5th Anniversary Event, Pagpadayun appeared first on Cebu Daily News......»»
Sy siblings assume Forbes’ top spot
Siblings of the late taipan Henry Sy Sr. regained the status of being the richest in the country, overtaking Manuel Villar in the Forbes’ 2023 list of the Philippines’ 50 Richest. The Forbes list showed the Sys of the SM Mall chain having a net worth of $14.4 billion against real estate kingpin Villar’s $9.7 billion. International port magnate Enrique Razon Jr. is fourth in the list, $8.1 billion; San Miguel Corp. president Ramon Ang, $3.4 billion; Fastfood tycoon Tony Tan Caktiong and family, $3.2 billion; Aboitiz family, $3.15 billion: Lance Gokongwei and siblings, $3 billion; Isidro Consunji and siblings, $2.9 billion; property mogul Jaime Zobel de Ayala and family, $2.8 billion and industrialist Lucio Tan, $2.6 billion. Featured in the cover of the Forbes Special Edition is business leader Sabin Aboitiz, who the magazine said is transforming the Philippines’ second-largest electricity producer into a banking, infrastructure and technology powerhouse. Sabin gets focus “Sabin Aboitiz is spearheading a P380-billion-peso makeover of Aboitiz Equity Ventures, or AEV, a century-old Philippine power and banking behemoth controlled by his extended family, into a wider group focused on banking, infrastructure and technology,” it said. It added in the next seven years, the president and CEO of AEV plans to expand into renewable energy generation and build airports, cellular towers and data centers to tap demand from a young population in one of Southeast Asia’s fastest growing economies. “Shortly after taking over the reins of the company from his older brother Erramon in January 2020, Sabin witnessed the fallout of Aboitiz Equity’s reliance on electricity generation for almost 60 percent of its profit as a nationwide lockdown to curb the pandemic decimated demand,” Forbes indicated. The post Sy siblings assume Forbes’ top spot appeared first on Daily Tribune......»»