August 18, 2008

Ayala Land, Inc. is Country’s Most Admired Company

Ayala Land, Inc., the country’s premiere property developer, was voted the most admired company overall in a recent survey of the “200 Most Admired Companies in the Philippines” conducted by The Wall Street Journal Asia. Ayala Land improved from its fourth place position in the 2006 survey and edged previous no. 1 Jollibee Foods Corp. – garnering an average score of 4.28 points over Jollibee’s 4.18 points.

Jaime I. Ayala, President of Ayala Land, Inc., said: “We are very proud of and deeply honored by this recognition. The Wall Street Journal is one of the most highly respected publications globally and topping this survey as the most admired company in the country is a result of the tremendous dedication and hard work of all our employees and a reflection of the trust in the Ayala Land brand that resonates deeply with our partners and Filipinos all over the world.”

The survey, conducted from May 11 to June 3, 2007, was participated in by 2,477 executives and professionals in the country. Respondents were asked to rank top local firms based on five attributes namely, company reputation (which includes corporate governance, social, and environmental policies); quality of products and services; management’s long-term vision; innovativeness in responding to customer needs; and financial soundness. A company’s overall leadership ranking is then derived from the different performances in each individual attribute.

In addition to achieving the top overall ranking, Ayala Land also finished second in long-term vision, corporate reputation (behind parent Ayala Corporation in both categories), and quality of products and services, while also being regarded as the fifth most innovative company in the country.

The survey cited the growing Philippine economy, with increased consumer spending and a burgeoning business process outsourcing industry as well as an attractive overseas Filipino market as the primary demand drivers for real estate.

For its part, Ayala Land has been able to capitalize on these positive trends by developing innovative and differentiated products across the broad property spectrum which are holistically planned, attract top merchants and locators and have a track record of above average value appreciation over time.

In addition, the company has been tapping into the significant buying power of the Overseas Filipino market for many of its residential projects. Last year, the company’s sales from the OF market accounted for nearly a third of its total residential revenues.

Source: Ayala Land Inc. Article Listing

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