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...“The Philippines still needs conventional sources of reliable baseload power,” said Eric Francia, chief executive of ACEN, the listed energy unit of conglomerate Ayala....
...In December, Mr Duterte attacked its family owners and Manuel Pangilinan, CEO of another family conglomerate and water concessionaire First Pacific, calling them “son of a bitch” and threatening to “ruin...
...Ayala and Manuel Pangilinan, his counterpart at First Pacific....
...In a speech on Monday evening, the president apologised to the Ayala family, controlling shareholders of the country’s largest conglomerate, and Manuel Pangilinan, chief executive of First Pacific Group,...
...Ayala Corp and SM Investments have jointly proposed an elevated toll road valued at 25bn pesos....
...President Aquino’s preferred successor, former interior secretary Manuel Roxas, was a distant second with 15.1 per cent....
...Globe, meanwhile, is a JV between Ayala and Singapore Telecommunications....
...Manuel Roxas, President Benigno Aquino’s chosen successor, has struggled to develop broad support....
...Manuel Orozco, a remittance specialist at Inter-American Dialogue in Washington, says the profitability of the agency fees serves as a disincentive to offer accounts or loans....
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