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| Author: | Clifford, M. |
| Title: | "Picking up the pace" at Ayala |
| Journal: | Business Week
1996 : DEC 23, VOL. 3491:821, p. 26-27 |
| Index terms: | ECONOMICS PHILIPPINES CONGLOMERATE COMPANIES |
| Language: | eng |
| Abstract: | The changes have begun to stir the 162-year old Ayala group, whose trade shares account for about one-fifth of the total market capitalization on the Manila exchange. The Harvard business school-educated Jaime and his younger brother Fernando took over day-to-day operations from their father in 1995. The two executives, both in their mid-30s are the sixth generation of managers in a blue-blood spanish-Philipino family that ranks among Asia's wealthiest. Its stake in Ayala Corp. alone is worth $3,6 billion, and the clan also has large private land holdings. |
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