Ayala Corporation named among Top 50 ASEAN companies, PH Top 5 for corporate governance
Ayala's inclusion in the awards affirms its world-class corporate governance practices, placing it among the world's best in business transparency and accountability, board effectiveness, sustainability, and stakeholder engagement.
'At Ayala, we believe that excellence in corporate governance enables decision making processes and actions that are purposeful and consistent with our objective to build businesses that enable people to thrive. At the same time, a strong governance ethic is key to maintaining investor interest and confidence. We are truly honored to be granted this distinction, which inspires us to continue with our efforts to do business with integrity, transparency and accountability for the benefit of all our stakeholders,' said Ayala Corporation Chief Legal Officer, Compliance Officer, Corporate Secretary and Corporate Governance Group Head Franchette M. Acosta.
The ASEAN CGCA 2025, held on July 24 in Kuala Lumpur, Malaysia, honored top publicly listed companies from the Philippines, Indonesia, Malaysia, Singapore, Thailand and Vietnam. It followed an assessment of their corporate governance practices based on publicly available disclosures.
Ayala business unit Globe Telecom Inc. was also named among the top 50 ASEAN companies and top 5 in the Philippines. Meanwhile, five other Ayala companies made it to the list of ASEAN Asset Class companies, namely ACEN Corporation, AREIT, Inc., Ayala Land, Inc., AyalaLand Logistics Holding Corp., and Bank of the Philippine Islands.
ASEAN Asset Class companies are those that reached the cutoff score of 97.5 points—or at least 75% of the maximum score of 130 under the ASEAN Corporate Governance Scorecard. A total of 35 Philippine companies made the score this year.
In a statement, the ASEAN CGCA said the latest assessment showed sustained improvement in corporate governance practices in the region, particularly in the areas of board accountability, shareholder rights, disclosure practices and sustainability integration.
Learn more about Ayala Corporation on ayala.com.
About Ayala Corporation
For 191 years, Ayala Corporation has been building businesses that enable people to thrive.
Ayala, currently one of the largest conglomerates in the Philippines, has meaningful presence in real estate, banking, telecommunications, and renewable energy. It likewise has a growing presence in healthcare, mobility, and logistics as well as investments in industrial technologies, education, and other ventures. Ayala manages its corporate social responsibility initiatives through Ayala Foundation.
Visit our website at https://ayala.com and follow us on LinkedIn to learn more about the company.
View original content to download multimedia: https://www.prnewswire.com/news-releases/ayala-corporation-named-among-top-50-asean-companies-ph-top-5-for-corporate-governance-302520617.html
SOURCE Ayala Corporation
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
19 minutes ago
- Associated Press
US and Philippines discuss more missile system deployments as tensions rise in South China Sea
MANILA, Philippines (AP) — The United States is discussing the possible deployment of more missile launchers to the Philippines to strengthen deterrence against aggression in the disputed South China Sea and other Asian security hotspots, but no final decision has been reached by both sides, Manila's ambassador to Washington said Thursday. The U.S. military delivered a mid-range missile system called the Typhon, a land-based weapon that can fire the Standard Missile-6 and the Tomahawk Land Attack Missile, to the northern Philippines as part of joint combat exercises in April last year. That was followed by the transport by the U.S. military of an anti-ship missile launcher in April this year to the northernmost Philippine province of Batanes, just a sea border away from Taiwan. Beijing strongly protested the installation of the U.S. missile systems, saying they were aimed at containing China's rise and warning that these would threaten regional stability. China has asked the Philippines to withdraw the missile launchers from its territory, but officials led by President Ferdinand Marcos Jr. had rejected the demand. Ambassador Jose Manuel Romualdez said without elaborating that the possible deployment by the U.S. of more Navy Marine Expeditionary Ship Interdiction System or NMESIS missile launchers 'was being discussed for consideration by both sides.' The anti-ship missile systems could be installed along Philippine coastal regions facing the South China Sea and outlying regions to beef up deterrence against aggression, he said. 'This is part of the strong U.S. and Philippines defense partnership,' Romualdez told The Associated Press. Romualdez spoke on the sidelines of a trade and investment conference in Manila, where he and Philippine Foreign Secretary Theresa Lazaro encouraged major U.S. companies to invest in a wide array of industries — from energy and telecommunications to infrastructure and navy shipbuilding — in the Philippines, the oldest treaty ally of the U.S. in Asia. 'When U.S. companies invest here, it's not just about returns on capital — it's about returns on alliance,' Romualdez told U.S. business executives at the conference. 'A stronger Philippine economy means a more capable and reliable defense partner for the United States.' 'At a time when America is diversifying supply chains and rethinking global strategy, we are a natural choice – and a strategic necessity,' Romualdez said. 'I ask you to carry this message to the Trump administration: `Every U.S. dollar invested in the Philippines strengthens America's position in the Indo-Pacific.'' U.S. Defense Secretary Pete Hegseth flew to Manila in March in his first visit to Asia and said the Trump administration would work with allies to ramp up deterrence against threats across the world, including China's increasingly aggressive actions in the South China Sea. The U.S. was not gearing up for war, Hegseth said then, but underscored that peace would be won 'through strength.' China claims virtually the entire South China Sea. The Philippines, Vietnam, Malaysia, Brunei and Taiwan also have overlapping claims to the resource-rich and busy waters, but confrontations have spiked between Chinese and Philippine coast guard and naval forces in recent years. On Wednesday, the U.S. briefly deployed two warships in what it called a 'freedom of navigation' operation off the disputed Scarborough Shoal in the South China Sea where two Chinese navy and coast guard ships collided earlier in the week while trying to drive away a smaller Philippine coast guard vessel. The high-seas accident sparked alarm among Asian and Western countries. 'Freedom of navigation is essential for the trillions of dollars worth of commerce that passes through these waters,' the U.S. ambassador to the Philippines, MaryKay Carlson, told reporters on the sidelines of the Manila investment conference. 'It's about commerce. It's about lives and livelihoods.'
Yahoo
an hour ago
- Yahoo
Tapestry shares sink 16% after Coach owner posts underwhelming annual outlook
- Shares of Tapestry (NYSE:TPR) plunged by more than 16% in premarket U.S. trading on Thursday after the fashion group unveiled income estimates for its current fiscal year that underwhelmed Wall Street expectations. The Coach-owner also flagged that it incurred charges that decreased its pre-tax income for the April to June quarter by $872 million, adding that these were linked to a decline in both current and future expected cash flows due to a tariff-driven increase in operating costs. Tapestry, which sources much of its goods from countries like Vietnam and the Philippines that have been hit by elevated U.S. tariffs, warned that the duties would also lead to a headwind of about 230 basis points -- or $160 million -- in its fiscal 2026 income margin. "[T]his outlook reflects the timing of policy implementation, product sell-through, and mitigating actions underway," Tapestry said in a statement, although it noted that it expects to offset these "incremental tariffs and duties over time." Against this backdrop, the firm predicted that it would post full-year adjusted earnings per share of $5.30 to $5.45, compared to Bloomberg consensus estimates of $5.49. Revenue, meanwhile, is tipped be up to $7.2 billion, versus projections of $7.12 billion, thanks partially to a tailwind from foreign currency effects. Accessible luxury brands, such as Tapestry, have been gaining some momentum as the tariffs fuel broader economic uncertainty that is leading some shoppers -- particularly younger ones -- to shy away from high-end items and search for cheaper alternatives. Fourth-quarter net sales rose by 8.3% compared to a year ago to $1.72 billion, topping estimates. Adjusted per-share profit came in at $1.04. Related articles Tapestry shares sink 16% after Coach owner posts underwhelming annual outlook Victoria's Secret Exposed: The Warning Sign Behind the Stock's 52% Collapse Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Tapestry forecasts annual profit below estimates on tariff pain, shares plunge
(Reuters) -Tapestry forecast annual profit below estimates on Thursday, as the Coach handbag maker grapples with higher tariff costs, sending the company's shares down 8% in premarket trading. The company estimates a $160-million hit from the U.S. import duties, which could result in an about 230-basis-point impact on its fiscal 2026 operating margin. Tapestry primarily makes its Coach and Kate Spade handbags in countries such as Vietnam, Cambodia, the Philippines and India. The Trump administration's unpredictable trade policies have shaken consumer sentiment and disrupted businesses and supply chain worldwide. Tapestry's warning on Thursday is in line with the broader luxury sector slowdown that has hurt bellwethers such as Gucci-owner Kering and French luxury group LVMH . U.S. consumer spending falling unexpectedly in May has also compounded concerns for companies such as Tapestry that have been ramping up efforts to attract younger customers by introducing new accessories and collections. The company expects fiscal 2026 earnings per share to be in the range of $5.30 to $5.45, compared with analysts estimates of $5.49 per share, as per data compiled by LSEG. The forecast accounts for about 60 cents of incremental tariffs. However, it expects fiscal 2026 revenue to be about $7.2 billion, compared with analysts' estimates of $7.11 billion, owing to steady demand for its Coach Tabby and Empire bags. Shares of the company have risen about 74% this year on the back of the popularity of its Coach brand. The push to add bag charms are also attracting millennial and Gen Z customers in regions such as North America, China and Europe. This helped the company post quarterly sales of $1.72 billion that beat analysts' estimates of $1.68 billion. Adjusted profit for the fourth quarter ended June 28 was $1.04 per share, topping estimates by 2 cents. Sign in to access your portfolio
