Ayala Corp ADR (AYALY)

Description:

Ayala Corp was incorporated in the Philippines on January 23, 1968 as a limited liability corporation having a renewable term of 50 years. The Company is is organized into the following business units: real estate and hotels, financial services and insurance, telecommunications, electronics, information technology and BPO services, water distribution and wastewater services, automotive, international and others. Real Estate and Hotels consist of planning and development of large-scale fully integrated residential and commercial communities; development and sale of residential, leisure and commercial lots and the development and leasing of retail and office space and land in these communities; construction and sale of residential condominiums and office buildings; development of industrial and business parks; development and sale of upper middle-income and affordable housing; strategic land bank management; hotel, cinema and theater operations; and construction and property management. Financial Services and Insurance consist of universal banking operations, including savings and time deposits in local and foreign currencies; commercial, consumer, mortgage and agri-business loans; leasing; payment services, including card products, fund transfers, international trade settlement and remittances from overseas workers; trust and investment services including portfolio management, unit funds, trust administration and estate planning; fully integrated bancassurance operations, including life, non-life, pre-need and reinsurance services; internet banking; on-line stock trading; corporate finance and consulting services; foreign exchange and securities dealing; and safety deposit facilities. In Telecommunications, the company acts as a provider of digital wireless communications services, wireline voice communication services, consumer broadband services, other wireline communication services, domestic and international long distance communication or carrier services and mobile commerce services. In Electronics, the company acts as a electronics manufacturing services provider for original equipment manufacturers in the computing, communications, consumer, automotive, industrial and medical electronics markets, service provider for test development and systems integration and distribution of related products and services. Information Technology and BPO Services consist of venture capital for technology businesses and emerging markets; provision of value-added content for wireless services, on-line business-to-business and business-to-consumer services; electronic commerce; technology infrastructure hardware and software sales and technology services; and onshore and offshore outsourcing services in the research, analytics, legal, electronic discovery, document management, finance and accounting, IT support, graphics, advertising production, marketing and communications, human resources, sales, retention, technical support and customer care areas. In Water Distribution and Wastewater Services it acts as a contractor to manage, operate, repair, decommission, and refurbish all fixed and movable assets required to provide water delivery, sewerage and sanitation including waste and wastewater management in the East Zone Service Area. In Automotive, it manufactures, distributes and sells passenger cars and commercial vehicles. International consists of investments in overseas property companies and projects. Others consist of power, transport infrastructure, education, air-charter services, agri-business and others.