Partners of Ayala Corp

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The Ayala Corporation is currently the holding company for the following: (90% of Real estate
Ayala Land Inc.
AG Holdings, Ltd.
Financial Services
Bank of the Philippine Islands
Telecommunications
Globe Telecom, Inc.
Utilities
Manila Water Company Inc.
Ayala Corporation Energy Holdings, Ltd.
Business Process Outsourcing and IT
Stream Global Services
Integreon
Grail Research
Affinity Express
HRMall
Automotive
Ayala Automotive Holdings Corporation
Honda Philippines
Isuzu Philippines
Nonprofit organizations
Ayala Foundation
CENTEX
Ayala Museum
Philippine Development Foundation
Ayala Technology Business Incubator
Filipinas Heritage Library
Ayala Social Initiatives

In 2011, Ayala began building its renewable energy portfolio, beginning with a joint venture with Mitsubishi for solar power, the purchase of the iconic Northwind farm for wind power, and its joint venture with Sta. Clara Power for run-of-the-river hydro power. Ayala will contribute 1000 MW to the Philippine power supply, by 2015. More than 90% of Ayala's revenue currently comes from its four listed subsidiaries--Ayala Land Inc. (>> Ayala Land, Inc.), Globe Telecom Inc. (>> Globe Telecom, Inc.), Manila Water Co. (>> Manila Water Company Inc) and Bank of the Philippine Islands (>> Bank of the Philippine Islands). Mr. Francia said because investors have direct access to the shares of those four, it undervalues the parent. MANILA, Philippines - The country's oldest conglomerate Ayala Corp. netted an P8.7 billion income in the first 9 months of 2012, reflecting a 19% increase from a year ago on the back of robust earnings of business units. In a statement on Tuesday, November 13, Ayala said that, excluding the accelerated depreciation expenses of its telecommunication unit and the revaluation of its international property unit's gains, the business group's core net income reached P9.3 billion, a 31% growth. “As our core businesses remain a steady...
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