DOCSLIB.ORG

PH Global Competitiveness Basically Unchanged Based on WEF Data

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
PH Global Competitiveness Basically Unchanged Based on WEF Data 49 BUSINESS PH global competitiveness basically unchanged based on WEF data The World Economic Forum’s (WEF) Global Competitiveness Report 2017-2018 ranked the Philippines 56th out of 137 countries from 57th out of 138 countries in 2016-2017. Its score fell marginally to 4.35 from last year’s 4.36, on a 1-7 scale indicating the worst to the best grade. he score of the countries were measured based on the 12 pillars of competitiveness (see figure on TGlobal Competitiveness Index). These pillars were further divided into 3 sub-indices “to provide unique insight into the drivers of their productivity and prosperity.” Based on the Global Competitiveness Report 2017-2018, Switzerland got the highest rank out of 137 countries. This was followed by the U.S. (2nd), Singapore (3rd), Netherlands (4th), and Germany (5th). Hong Kong (6th), Sweden (7th), United Kingdom (8th), Japan (9th), and Finland (10th) completed the list (see table on Global Competitiveness Report 2017-2018: Top 10 Countries). Among the 17 East Asia and Pacific countries included in the report, Indonesia and Brunei recorded the most significant improvements. On the other hand, Singapore, Cambodia, and Laos are the only countries that posted a decrease in their standings (see table on Global Competitiveness Report 2017-2018: East Asia and Pacific Countries). The of GDP, and government budget balance as a percentage of GDP. Philippines fell to 7th from 5th among 9 Southeast Asian states. The market size pillar posted an increase to 27th from 31st in Despite the slight decrease in the Philippines’ last year’s report. According to Mr. Guillermo Luz, private sector overall competitiveness score, it climbed up a notch co-chairman of the National Competitiveness Council (NCC), in its ranking. According to the WEF, it only suggests this is because of the improved purchasing power of consumers. that “other countries’ scores are falling faster.” In higher education and training pillar, the country The country performed well on some pillars – rose to 55th from 58th due to the improvements in macroeconomic environment; market size; higher higher education, including the implementation of the education and training; and labor market efficiency. K to 12 program and the technical-vocational training. In terms of macroeconomic environment, although the pillar was As for the labor market efficiency, it slightly increased down to 22nd in 2017-2018 report from 20th in 2016-2017, it was to 84th from 86th. “Labor is often overlooked by many the country’s highest rank among all the pillars. This is attributed people. The Philippines’ labor rules are quite rigid. This to its favorable economic indicators (such as gross domestic was a concern among investors. But now, the rules are product (GDP) and foreign direct investments), country credit getting more flexible than before,” Mr. Luz explained. rating, inflation management, government debt as a percentage Philippine ANALYST BUSINESS October 2017 50 BUSINESS The Philippines ranked 56th out of 137 countries in the World Economic Forum’s Global Competitiveness Report 2017-2018, but its score slightly fell to 4.35. Among the 12 pillars of competitiveness measured in the report, the country performed well on macroeconomic environment; market size; higher education and training; and labor market efficiency. GLOBAL COMPETITIVENESS INDEX SUB-INDICES PILLARS 2016 RANKING 2017 RANKING 2016 SCORE 2017 SCORE Basic Requirements 65 67 4.6 4.6 Institutions 91 94 3.6 3.5 Infrastructure 95 97 3.4 3.4 Macroeconomic Environment 20 22 5.9 5.8 Health and Primary Education 81 82 5.6 5.6 Efficiency Enhancers 58 61 4.2 4.3 Higher Education and Training 58 55 4.6 4.6 Goods Market Efficiency 99 103 4.1 4.0 Labor Market Efficiency 86 84 4.0 4.0 Financial Market Development 48 52 4.2 4.2 Technological Readiness 83 83 3.6 3.8 Market Size 31 27 4.9 5.0 Innovation and 53 61 3.8 3.7 Sophistication Factors Business Sophistication 52 58 4.1 4.1 Innovation 62 65 3.4 3.3 Source: World Economic Forum’s (WEF) Global Competitiveness Report 2017-2018 & 2016-2017 “The country cannot advance to the next stage unless our public institutions are strengthened by addressing corruption and improving our legal and regulatory frameworks." In contrast to these, the country also posted decrease In the goods market efficiency pillar, the Philippines in some pillars – business sophistication; goods market posted a decrease to 103rd from 99th in 2016-2017. This pillar efficiency; financial market development; institutions; includes the number of procedures to start a business, in which, innovation; infrastructure; and health and primary education. the country ranked 136th, the second to the worst globally. The business sophistication pillar had the most significant Also included in the pillar is the burden of custom procedures decrease with a 6-point drop to 58th from 52nd in last year’s in which the country placed 125th among 137 countries. report. Notably, according to the report, the 5 most problematic The financial market development pillar declined by 4 spots factors for doing business in the country are inefficient to 52nd from 48th. According to Mr. Luz, this is because the government bureaucracy; inadequate supply of infrastructure; “banks' credit exposure has been placed under tight watch corruption; tax regulations; and tax rates (see figure on Most despite (the) sound financial system.” Despite the decrease, Problematic Factors for Doing Business in the Philippines). this was the country’s 3rd highest pillar based on the report. Philippine ANALYST BUSINESS October 2017 51 BUSINESS GLOBAL COMPETITIVENESS REPORT 2017-2018: TOP 10 COUNTRIES COUNTRY GLOBAL RANK Switzerland 1 U.S. 2 Singapore 3 Netherlands 4 Germany 5 Hong Kong 6 Sweden 7 United Kingdom 8 Japan 9 Finland 10 Source: World Economic Forum’s (WEF) Global Competitiveness Report 2017-2018 & 2016-2017 GLOBAL COMPETITIVENESS REPORT 2017-2018: EAST ASIA AND PACIFIC COUNTRIES COUNTRY GLOBAL RANK Singapore 3 Hong Kong 6 Japan 9 New Zealand 13 Taiwan 15 Australia 21 Malaysia 23 South Korea 26 China 27 Thailand 32 Indonesia 36 Brunei 46 Vietnam 55 Philippines 56 Cambodia 94 Laos 98 Mongolia 101 Source: World Economic Forum’s (WEF) Global Competitiveness Report 2017-2018 & 2016-2017 Philippine ANALYST BUSINESS October 2017 52 BUSINESS Note: From the list of factors, respondents to the World Economic Forum's Executive Opinion Survey were asked to select the 5 most problematic factors for doing business in their country and to rank them between 1 (most problematic) and 5. The score corresponds to the responses weighted according to their rankings. Source: World Economic Forum’s (WEF) Global Competitiveness Report 2017-2018 As for the institutions pillar, it went down by 3 rankings to 94th Gov’t to ease foreign limits in retail trade from 91st in the last year’s report. Meanwhile, innovation was cut to 65th from 62nd; infrastructure decreased to 97th from 95th; and industry health and primary education declined slightly to 82nd from 81st. According to Mr. Luz, to better develop competitiveness The government is planning to decrease the foreign capital in the country, improvements in the next 1-2 years is needed entry requirement in the retail trade industry in order in the areas of government bureaucracy, ports and airports, to allow more participation from foreign traders which as well as in primary education and health. This was backed would enhance further competition. This is in line with the up by Makati Business Club (MBC) executive director Peter Duterte administration’s goal to liberalize the 11th Foreign Perfecto, explaining that “implementing the plans under Investment Negative List (FINL). However, an amendment the Build, Build, Build infrastructure program is critical for in the Retail Trade Liberalization Act of 2000 is required,and the effective functioning of a growing Philippine economy.” may be hard to get. Furthermore, investment in technological readiness, higher education, innovation, and science and technology The National Economic Development Authority (NEDA) will also be needed in the next 3-5 years, as per Mr. Luz’s is currently reviewing the final draft of the 1st FINL (labeled recommendation. He explained that "the way the economy as “among the most liberalized”) to be signed by President is structured is that 3-5 years from now, investors will be Rodrigo Duterte. NEDA Secretary Ernesto Pernia said that one thinking of technological readiness. They would ask, how of the changes in this year’s list is to cut the foreign capital limit is your innovation? How is your technological readiness?" to $200,000 from the current $2.5 million. This would result in The passage of priority bills identified by the business greater participation of foreign traders in the industry, as well sector (such as the Comprehensive Tax Reform Program) as to encourage more local traders to innovate and create better must be given focus by the Congress, instead of the various products, Sec. Pernia explained. “The purpose (of the FINL) is political maneuvers. MBC chairman Edgar Chua said "(the to make consumers happier,” he added. However, the Congress country) cannot advance to the next stage unless our public should be tapped to amend the Retail Trade Liberalization Act of institutions are strengthened by addressing corruption 2000 (or Republic Act 8762) in order to liberalize the industry. and (improving) our legal and regulatory frameworks." On the other hand, European Chamber of Commerce of the Philippines (ECCP) President Guenter Taus argued that “there shouldn’t even be a paid-up capital at all, citing other countries where foreign investors who plan to set up their business would only need to register their company and start building their business from there.” In comparison with other Philippine ANALYST BUSINESS October 2017 53 BUSINESS One of the changes in this year’s FINL is to cut the foreign capital limit to $200,000 from the current $2.5 million.
Load more

Recommended publications
  • ALI Bonds Due 2031 Preliminary Prospectus
    N OFFER TO YET BECOME BECOME YET 31/F Tower One and Exchange Plaza, Ayala Triangle, Ayala Avenue, Makati City 1226 Telephone Number: (632) 7750-6974 PRELIMINARY PROSPECTUS Up to [₱2.75 Billion] principal amount of Fixed-Rate Bonds to be issued from a new shelf registration of up to ₱50.0 Billion Securities Program rendered effective on [●] (“Base Offer”) with an Oversubscription Option of up to [₱2.75 Billion] to be issued from the shelf registration rendered effective on April 22, 2019 (“Oversubscription Option”) Due 2031 PRIOR TO THE TIME THE REGISTRATION STATEMENT Issue Price: 100% of Face Value Interest Rate: [●]% p.a. Joint Lead Underwriters and Bookrunners The date of this Preliminary Prospectus is August 9, 2021. A REGISTRATION STATEMENT RELATING TO THE BASE OFFER HAS BEEN FILED WITH THE OFFERS TO BUY THE SAME BE ACCEPTED SECURITIES AND EXCHANGE COMMISSION ("SEC") BUT HAS NOT YET BEEN DECLARED EFFECTIVE. NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE MAY PURCHASE PRICE CAN BE ACCEPTED OR RECEIVED UNTIL THE REGISTRATION STATEMENT HAS BECOME EFFECTIVE, AND ANY SUCH OFFER MAY BE WITHDRAWN OR REVOKED, WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND, AT ANY TIME PRIOR TO NOTICE OF ITS ACCEPTANCE GIVEN AFTER THE EFFECTIVE DATE. AN INDICATION OF INTEREST IN RESPONSE HERETO INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND. THIS PRELIMINARY PROSPECTUS SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE BE SOLD NOR SOLICITATION OF AN OFFER TO BUY. A REGISTRATION STATEMENT RELATING TO THE OVERSUBSCRIPTION OPTION WAS FILED WITH THE SEC AND WAS RENDERED EFFECTIVE COVERING ₱50.0 BILLION OF SECURITIES.
    [Show full text]
  • Ayala Land FY 2018 Financial and Operating Results.Pdf
    SEC Reg. No. 152747 15 February 2019 Philippine Stock Exchange, Inc. 6th Floor, PSE Tower, 28th Street corner 5th Avenue Bonifacio Global City, Taguig City Attention: Ms. Janet A. Encarnacion Head, Disclosure Department Philippine Dealing and Exchange Corporation 37th Floor, Tower 1, The Enterprise Center 6766 Ayala Ave cor. Paseo de Roxas, Makati City Attention: Atty. Joseph B. Evangelista Head, Issuer Compliance and Disclosures Department Securities and Exchange Commission SEC Building, Mandaluyong City Attention: Hon. Vicente Graciano P. Felizmenio, Jr. Director, Market Regulation Department Dear Mesdames and Gentlemen, Please see the attached press release on the unaudited financial and operating results of Ayala Land, Inc. as of December 31, 2018. Thank you. AUGUSTO D. BENGZON Senior Vice-President CFO, Treasurer and Chief Compliance Officer NEWS RELEASE Ayala Land’s net income climbs 16% to P29.2B in 2018 Feb. 15, 2019 – Ayala Land, Inc. (ALI), the Philippine’s largest integrated property and sustainable estates developer, posted solid top-line and bottom-line growth in 2018. ALI’s consolidated revenues climbed 17% to P166.2 billion driven by sustained demand for residential products and the healthy performance of its leasing businesses. Property development revenues rose 18% to P113.4 billion owing to strong sales across its residential, office for sale and commercial lot segments. Meanwhile, leasing revenues grew 17% to P34.9 billion on the back of robust local consumption, the increasing demand in BPO offices and a thriving tourism sector. All in all, net income grew 16% to P29.2 billion. “As we celebrated our 30th year in 2018, we remained focused on developing more sustainable communities that enrich the lives of Filipinos.
    [Show full text]
  • Building a Strong Platform for Recovery, Renewed
    2020 INTEGRATED REPORT BUILDING A STRONG PLATFORM FOR RECOVERY, RENEWED GROWTH, AND RESILIENCE Ayala Land’s various initiatives on stakeholder support, investment, and reinvention pave the way for recovery PAVING THE WAY FOR RECOVERY AND SUSTAINABLE GROWTH The ongoing COVID-19 pandemic and the natural calamities that of digital platforms to reach and engage buyers. Staff of APMC, struck the Philippines in 2020 are still being felt by Filipinos to this the company’s property management firm, stayed-in its managed day. Ayala Land’s swift response to face these challenges showed properties and communities while the enhanced community the resilience of both the company and its people. quarantine was enforced. In a strategic pivot, ALIzens executed a five-point action plan— Helping the Community protecting the workforce, financial sustainability, serving customers, Ayala Land employees raised PHP82.6 million under the Ayala helping the community, and thinking ahead towards recovery. Land Pays It Forward campaign to provide medical supplies and This action plan enabled Ayala Land, its employees, and its personal protective equipment to three COVID-19 designated communities to withstand the challenges and position for recovery. treatment hospitals. The company helped raise PHP425 million for Project Ugnayan and allocated PHP600 million in financial With the continued trust and confidence of its shareholders and assistance to more than 70 thousand “no work-no pay” contingent stakeholders, Ayala Land will count on bayanihan (community personnel during the critical first weeks of the quarantine. spirit) to move forward and pave the way for recovery and Recognizing the difficulties of its mall merchants, Ayala Land sustainable growth.
    [Show full text]
  • Power Mac in Store Promo Terms and Conditions List of Branches
    Power Mac in store Promo Terms and Conditions 1. The Promo is open to all primary and supplementary HSBC Credit Cardholders (Cardholders), whose cards are issued in the Philippines, are active and in good credit standing. Corporate and debit cardholders are excluded from this promotion. For the avoidance of doubt, a card is in good credit standing if there is no reason for HSBC to restrain, suspend, cancel, withdraw or terminate the card pursuant to the HSBC Card Terms and Conditions as well as Legal and Regulatory Compliance Policy considerations. 2. Promo offer is valid until September 30, 2020 3. Under this exclusive offer, cardholders can avail of 0% installment for 36 mos in-store on the following items: a. MacBook Air 2017 b. iPhone XS c. iPhone XS Max d. new iPhone SE 4. Cardholders can avail of 0% interest on installment for 36 mos with the following minimum purchase requirement: Minimum Tenor transaction amount 36 months Php18,000 5. Cardholders must settle payment with their HSBC Credit Card to enjoy the offer. 6. The offer cannot be used in conjunction with any other discounts, promotions, discounted items and fixed-price items (unless specified). 7. The offer cannot be exchanged for cash or other products. 8. HSBC is not a supplier of the products and services for the Programme and accepts no liability for the quality of goods and services provided by the Merchant involved in this promotion. 9. All offers are bound by the terms and conditions stipulated by HSBC and the Merchant 10. In case of dispute with respect to the cardholder’s eligibility, coverage of dates, fulfillment, etc., HSBC’s decision shall prevail.
    [Show full text]
  • BPI Branches with Extended Banking Hours Starting December 9, 2019 up to January 3, 2020
    BPI Branches with Extended Banking Hours starting December 9, 2019 up to January 3, 2020 Regular Extended (Dec 9, 2019 up to January 3, 2020) Division Area BR Name BR Code Address Banking Hours Office Hours Banking Hours Office Hours 1 Southern Metro Manila Alabang / Muntinlupa / Las Pinas Alabang South BR00346 Ground Floor South Supermarket, Filinvest, Brgy. Alabang Muntinlupa City 09:00 AM to 04:30 PM 08:30 AM to 05:30 PM 09:00 AM to 05:30 PM 08:30 AM to 06:30 PM 2 Southern Metro Manila Alabang / Muntinlupa / Las Pinas Alabang Town Center BR00159 2/F Madrigal Entrance Alabang Town Center, Brgy. Ayala Alabang Muntinlupa City 1770 10:00 AM to 05:30 PM 09:30 AM to 06:30 PM 10:00 AM to 06:30 PM 09:30 AM to 07:30 PM 3 Southern Metro Manila Alabang / Muntinlupa / Las Pinas Las Pinas BR00830 Real ST. Corner Gemini ST., Pamplona,Alabang Zapote Road, Las Pinas City 09:00 AM to 04:30 PM 08:30 AM to 05:30 PM 09:00 AM to 05:30 PM 08:30 AM to 06:30 PM 4 Southern Metro Manila Alabang / Muntinlupa / Las Pinas Muntinlupa South Park BR01003 South Park National Road Brgy. Alabang, Muntinlupa City 10:00 AM to 05:30 PM 09:30 AM to 06:30 PM 10:00 AM to 06:30 PM 09:30 AM to 07:30 PM 5 Southern Metro Manila Alabang / Muntinlupa / Las Pinas New Alabang BR00033 GF Alabang Zapote Rd. Mall Entrance ,Alabang Town Center, Alabang , Muntinlupa City 09:00 AM to 04:30 PM 08:30 AM to 05:30 PM 09:00 AM to 05:30 PM 08:30 AM to 06:30 PM Upper Ground Floor, SM Southmall, Alabang Zapote Road, Brgy Almanza Uno, Las Pinas 6 Southern Metro Manila Alabang / Muntinlupa / Las Pinas SM Southmall BR00833 10:00 AM to 05:30 PM 09:30 AM to 06:30 PM 10:00 AM to 06:30 PM 09:30 AM to 07:30 PM City 1740 7 Southern Metro Manila Makati Central Glorietta Mall Ground Level BR00006 G/F Unit 1086 Glorietta Mall, Ayala Center, Brgy.
    [Show full text]
  • Notice of Change of Interests of Substantial Holder)
    The Manager 9 June 2020 Market Announcements Office ASX Limited Dear Sir/Madam Form 604 (Notice of change of interests of substantial holder) We act for UAC Energy Holdings Pty Ltd ACN 640 077 747 (UAC). Attached is a Form 604 (Notice of change of interests of substantial holder) in relation to Infigen Energy Ltd ABN 39 105 051 616 and Infigen Energy Trust ARSN 116 244 118 (ASX:IFN) (together, Infigen). UAC is required to give this notice pursuant to section 671B(1)(c) of the Corporations Act 2001 (Cth), pursuant to the off-market takeover bid that it has made today for all the stapled securities in Infigen. Yours sincerely Andrew Rich Nick Baker Joshua Santilli Partner Partner Solicitor Herbert Smith Freehills Herbert Smith Freehills Herbert Smith Freehills +61 2 9225 5707 +61 3 9288 1297 +61 2 9322 4382 +61 407 538 761 +61 420 399 061 +61 424 092 771 [email protected] [email protected] [email protected] Herbert Smith Freehills LLP and its subsidiaries and Herbert Smith Freehills, an Australian Partnership ABN 98 773 882 646, are separate member firms of the international legal practice known as Herbert Smith Freehills. For personal use only Doc 86114460 ANZ Tower 161 Castlereagh Street Sydney NSW 2000 Australia T +61 2 9225 5000 F +61 2 9322 4000 GPO Box 4227 Sydney NSW 2001 Australia herbertsmithfreehills.com DX 361 Sydney 604 GUIDE page 1/1 13 March 2000 Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder Infigen Energy (Infigen), a stapled entity comprising Infigen Energy Limited (ABN 39 105 051 616) and Infigen Energy To Company Name/Scheme Trust (ARSN 116 244 118) ACN/ARSN As noted above 1.
    [Show full text]
  • REAL ESTATE MARKET INSIGHTS August 2018 Executive Summary
    REAL ESTATE MARKET INSIGHTS August 2018 Executive Summary • Philippine office supply is forecasted to grow by 46% in the next 6 years adding 5.28 million to the current supply of 11.58 million. • 688,474 square meters of the 2018 office supply are already either leased or pre- committed. This makes our forecasted FY 2018 take-up of 937,000 square meters achievable. • The IT-BPM industry, which includes shared services, took up 46% of FY 2017 demand, while Offshore/Online Gaming took up 30%. The IT-BPM industry is expected to rebound while the Offshore/Online Gaming is expected to grow this 2018. • Rents and land values remain at all-time high across most districts. • China has become a significant investor in economies all over the world. • AI will benefit diverse industries primarily healthcare/medical sciences, agriculture, environment, banking and finance. • Tourism has the potential to be one of the biggest drivers of the Philippine economy. • Developers, investors, and stakeholders must all partake in credible, sensible, and sustainable Masterplanning. 2 METRO MANILA OFFICE MARKET Metro Manila Cityscapes • Most of these districts will be fully developed by 2018. • There will be little land left for development. • The most important districts moving forward will be Bonifacio Global City, Bay Area, Filinvest City, Evia and Arca South. Quezon City 3 MAJOR CBDs MAKATI MAKATI CBD. CENTURY CITY. ROCKWELL CENTER. CIRCUIT MAKATI. San Juan Manila ORTIGAS ORTIGAS CBD. ROCKWELL BUSINESS CENTER. ARCOVIA CITY. SILVER CITY. CAPITOL COMMONS. Manda- luyong Ortigas/ BGC BONIFACIO GLOBAL CITY. MCKINLEY WEST. MCKINLEY HILL. Pasig UPTOWN. VERITOWN. Makati Bay/ Pasay BGC / Taguig 46 BUSINESS PARKS QUEZON CITY.
    [Show full text]
  • No. Branch Address No. Product Name Discount Rate
    1. Products/Services NO. PRODUCT NAME DISCOUNT RATE a. BUY 1 GET 1 FREE eyewear on over 50+ designer Up to 70% eyewear brands with savings over 70%. This deal includes: 2 designer eyewear (eyeglasses or sunglasses) + 2 designer lenses customized to your employee needs. b. FREE 7-Step Eye Exam worth P1,990 FREE c. Discount on prepacked Tony Morgan London PC 20% Glasses d. Discount on Frames and Sunglasses on all regular 20% items; single purchase e. Discount on Shamir Lens only 15% f. Discount on Contact Lenses (Bausch & Lomb) 10% 2. Participating Outlets/Store to this agreement shall be follows: NO. BRANCH ADDRESS 1. VISTA MALL BATAAN Ground Floor, Vista Mall Bataan Barangay Cupang Balanga, Bataan Bataan City, Balanga 2. ATC Ground Floors, Alabang Town Center Commerce Ave. Alabang, Muntinlupa City, Metro Manila 3. AYALA CAPITOL First Floor, Ayala Capitol Central, Gatuslao St. Bacolod Negros BACOLOD Occidental, Bacolod City 4. AYALA CEBU Unit 170 Level 1, Ayala Center, Archbishop Reyes Avenue,Cebu City, Cebu 5. AYALA CENTRIO CDO Second Floor, Centrio Mall, Claro M Recto Ave. Cagayan De Oro City, CDO 6. MARQUEE MALL Space 1039 GF, MarQuee Mall, Aniceto Gueco St., Pampanga, Angeles City, Pampanga 7. AYALA NORTH Second Floor, Ayala North Exchange 6796 Ayala Avenue, EXCHANGE Makati City,Metro Manila 8. BGC G/F 32nd Street Corner 5th Avenue, BGC Taguig City, Metro Manila 9. CIRCUIT MAKATI Ground Floor, Ayala Malls Circuit, Brgy. Carmonam Sta. Ana Makati City, Metro Manila 10. CLOVERLEAF Ground Floor, Ayala Mall Cloverleaf, Quezon City, Metro Manila 11. EASTWOOD Ground Floor, Open Park, Eastwood Ave, Brgy.
    [Show full text]
  • FY 2015 Analysts' Briefing
    FY 2015 Analysts’ Briefing 19 February 2016 Outline 1. FY 2015 Results • Financial Statements • Margins • Capex • Operating Statistics 2. Updates on 2020-40 Plan 3. 2016 CAPEX 2 Outline 1. FY 2015 Results • Financial Statements • Margins • Capex • Operating Statistics 2. Updates on 2020-40 Plan 3. 2016 CAPEX 3 Key Messages 1. Steady net income growth of 19% to P17.6b • Revenues increased 13% to P107.2b driven by the sustained performance of core businesses which grew 22% before intercompany adjustments • Margins improved across product lines 2. Healthy balance sheet with a cash position of P19.5b and a net gearing of 0.74x 3. Capex spend reached P82.2b 4. Launched 3 estates and P120.4b worth of residential and leasing projects 4 Steady net income growth of 19% to P17.6b Income Statement • Revenues higher FY 2015 FY 2014 Change % by 13% (in Php millions) Total Revenues 107,183 95,197 11,986 13% Real Estate* 105,466 93,041 12,425 13% • GAE ratio Interest & Other Income 1,717 2,156 (439) -20% improved to 6.2% Equity in Net Earnings of from 6.5% Associates and JVs (140) 647 (787) -122% Interest & Investment Income 1,175 803 372 46% Other Income 683 706 (23) -3% • EBIT margin Expenses 79,432 71,340 8,092 11% higher at 32% Real Estate 65,335 59,396 5,939 10% (vs. 31%) GAE 6,592 6,203 389 6% Interest Expense, Financing and other charges 7,505 5,742 1,764 31% Income Before Income Tax 27,751 23,857 3,894 16% Provision for Income Tax 6,854 6,142 712 12% Income before Non-Controlling Interest 20,897 17,715 3,182 18% Non-Controlling Interest 3,267 2,912 355 12% NIAT Attributable to ALI Equity Holders 17,630 14,803 2,828 19% *Includes interest income on accretion.
    [Show full text]
  • Participating Branches Page 1 Participating Branch Address Las
    Participating Branches Participating Branch Address Las Pinas SM Southmall UG/F West Wing, SM Southmall, Alabang-Zapote Road, Las Piñas Star Mall Ground Floor, Starmall Las Pinas, C.V. Starr Ave. Philamlife Village, Pamplona, Las Piñas Paranaque BF Homes JV Habalo Commercial Bldg., President's Ave. cor. Aguirre St., BF Homes, Paranaque SM City Sucat G/F, SM City Sucat, Dr. A. Santos Ave. cor. P Garcia Ave Ext., Brgy. San Dionisio, Paranaque SM City Bicutan Lower Ground Floor, Building A SM Bicutan, Dona Solenad Ave., Don Bosco, Paranaque Ayala Mall Manila Bay Diosdado Macapagal Blvd. Cor. Aseana Ave. Paranaque Aseana G/F Aseana Square Bldg., Pres. D. Macapagal Blvd., Caltex Area, Aseana City, Paranaque Muntinlupa Asian Hospital Patio, Lower Ground Floor, Asian Medical Center Civic Drive, Filinvest Corporate City El Molito El Molito Madrigal Ave., Madrigal Business Park, Alabang, Muntinlupa South Supermarket G/F South Supermarket, Filinvest Ave., Alabang, Muntinlupa Alabang Town Center Alabang Town Center, Alabang, Muntinlupa Festival Mall Lower Ground Floor, Water Garden Festival Mall, Alabang, Muntinlupa Alabang Hills Don Jesus Building, Don Jesus Blvd., Cupang, Muntinlupa Shell SLT Shell Gasoline Station, South Luzon Tollways, Southbound R-3 Putatan, Muntinlupa Vista Mall Daang Hari Unit P-102 Vista Place Daanghari, Daanghari Road, Muntinlupa Pasay NAIA 3 4/F, Food Court Area, NAIA Terminal 3, Pasay SM Mall of Asia G/F Main Mall Bldg, SM Mall of Asia, Pasay SM MAAX G/F SM Mall of Asia Arena Annex, Coral Way cor. JW Diokno Blvd., MOA Complex, Pasay Quezon City Banawe No. 847 Banawe cor. Linaw St., Brgy.
    [Show full text]
  • Disruption Innovation Strategy
    DISRUPTION INNOVATION STRATEGY “Create breakthroughs to close the growth gap and deliver new sources of value” DR. HITENDRA PATEL Ayala at 185 Years: The Ayala Sustainability Our Leadership Business of Business Building: Faces of Our Social Blueprint: Bridging the | PAGE 20 The AC Energy Transformation Commitment | PAGE 14 Filipino to 2030 | PAGE 18 Story | PAGE 52 DISRUPTION INNOVATION STRATEGY DR. HITENDRA PATEL Helping individuals and teams know when to follow the rules, when to break the rules and when to make the rules, to drive 10x growth. THE BIG PICTURE partnerships, new markets, and new transformational Disruption is inevitable, especially in our highly decisions. Amazon’s response is to treat every day technological, rapidly changing customer and as Day 1 to ensure that the company operates with increasingly more competitive business environment. a startup mindset: nimble, flexible, and constantly What is certain is that the future will continue to challenging the status quo. create shockwaves that will redefine if not reshape entire industries. Enterprises will have no choice THE BOTTOMLINE but to adapt to the speed of change and relentlessly The enemy of innovation is complacency, but the innovate to create value in new—and often last five years has shown that Ayala is anything but unexpected—ways. complacent. Ayala has made innovation a strategic imperative and its leaders broadly and frequently THE DETAILS communicate the importance of innovation. It has Today’s global landscape is dotted with the success invested in building innovation management systems stories of entrepreneurs whose unconventional across the organization and trained hundreds of ideas are upending tried and tested business individuals and teams in innovation, to be “future- models, and whose companies have displaced ready.” Ayala’s efforts have been recognized by the market leaders in every market.
    [Show full text]
  • Terms and Conditions
    Terms and Conditions 1. The Promo (“Promo”) will run from August 24 to October 31, 2020 (“Promo Period”): Registration Period: August 24 to October 30, 2020 Spend Period: August 25 to October 31, 2020 Redemption Period: September 9, 2020 to December 31, 2020 2. The Promo is open to Principal cardholders of Citi Credit Cards (“Card”) that have been locally issued by Citibank, N.A. Philippine Branch (“Citi”), which are active and in good credit standing, have available credit limit; who have registered valid and updated mobile number and email address with Citibank; who received an SMS and/or email from Citibank regarding the particular promo requirement; and who are not prohibited under applicable Gifts, Anti-Bribery and Corruption laws, regulations, and policies from participating in and/or qualifying for this Promo (“Cardholder”). Incumbent government officials or employees, whether elected or appointed, corporate account and US persons (i.e., a citizen or lawful resident, green card holder of the United States of America) are not eligible to participate in this Promo. 3. It is the responsibility of the Cardholder to update his/her contact information with Citibank by calling CitiPhone at (02) 8995-9999. Cardholders whose contact information in Citibank’s records are not updated, who have the same mobile/phone number or email address as another cardholder in Citi records, who have multiple customer numbers, or who have opted out of receiving marketing communications from Citi based on Citi system records, and new Cardholders (whose credit card account was opened and activated from August 1, 2020 onwards) will not receive the communication about the promotion.
    [Show full text]