Ayala Land wins Euromoney’s Real Estate tilt

Ayala Land has once again proved its mettle among the best property developers in the country as it bagged the “Best Overall Developer in the Philippines” award, among other category awards from the esteemed 2008 Liquid Real Estate Awards powered by Euromoney. The latter is a trusted resource on global financial markets and the award is the outcome of a survey conducted among financial institutions and real estate investors by its niche publication Liquid Real Estate.

Liquid Real Estate, known as the “voice of the real estate industry” around the world, capitalized on their access to various property markets in order to sieve the best and brightest among industry players.

This year, Ayala Land was vested with the following recognition:

Best Residential Developer in the Philippines

Best Retail/Shopping Developer in the Philippines

Best Office/Business Developer in the Philippines

Best Industrial/Warehouse Developer in the Philippines

Best Leisure/Hotel Developer in the Philippines

Best Mixed-Use Developer in the Philippines

Best Property Manager in the Philippines

In an email to Ayala Land, Euromoney’s head of Middle East and Asia, William Powell, expressed his congratulations to the company for winning the award, revealing that, “competition is extremely tough for these awards and therefore poll winners richly deserve the accolade.”

A global awards dinner was set in London last October 2, 2008.

Copyright 2008-2009 - PinoyMoneyVantage

The American Financial Meltdown, What's next? Part 2

Finally, the financial crisis is not yet over even if the U.S. Senate and Congress passed the bill and sign by President George W. Bush and released the needed US$700 billion dollars in rehabilitating the economy and bailing out these companies.

In Europe, it seem they are taking the beating from the ripple effect of the U.S. financial crisis had spread worldwide affecting all of us and it is beating the hell out of Europe. Germany and France are taking it serious effort in controlling the effect of the financial crisis. France's BNP Paribas and Germany's Hypo Real Estate are hit hard and being bought by other major companies which were not stricken and have more capital to acquire ailing companies. European Union is preparing itself for anything worst possible scenario by setting a bail-out fund as well to its ailing banks.

Who's next? Asia? The questions are, Are we prepared to fend for ourselves without the need of intervention from America who is also helpless and would take years to recover. Asia just got off from the claws of the 1997 Asian Financial Crisis wherein it took us 3 to 5 years to recover. As some of economists say, Asian countries won't be affected because the credit is not yet fully developed plus before borrowing money you still need collaterals just in case you cannot pay as what our Philippine banks are doing. Yesterday, President Gloria Arroyo disclosed that the country needs to brace itself for the uncertainties up ahead. Our local exporting companies have already incurred losses since 2007 during the subprime crisis due to the slowdown of demand of imported products from their country with expected 1% percent (250,000 people) jobs loss from our country as what one of the economic adviser of President Arroyo disclosed.

Without credit, the economy won't grow. It cannot obtain the growing needs of small and larger business to expand. There will be job losses and downsizing from most of the companies in the U.S. American Companies with international bases abroad would likewise relocate or outsource their existing companies in our country to the rapidly growing economies such as mainland China and India.


Meanwhile Philam Group of Companies, an AIG company is being likely to be sold to other companies who are interested in acquiring this great company which has been included as a forerunner in insurances banking and other financial and investment services in the Philippines. Yuchengco Group of Companies is very vocal about the issue while Ayala Corporation, San Miguel Corporation, SM Group of Companies, First Pacific Corporation are still mum but are interested in expanding their business into into insurance and other financial services and investments. AIG is still struggling to sell of its international assets in order to raise funds to pay of the loans from the U.S. government.

Will the Philippine government step up to the threat and have countermeasures on this issue. As the government would say, Yes. "we have plans for countermeasures on the effects of the financial crisis in America" but still the support of the majority of public would be needed and appreciated in facing this growing crisis.



Copyright 2008-2009 - PinoyMoneyVantage

PESOS AND SENSE: Weather Proofing your Personal Finance

I would like to invite you on one of the upcoming events of the Registered Financial Planners - Philippines

As you know the days of financial literacy is still at its infancy in the Philippines and only a handful of people know where to invest and make their money work for them in passive income way. Current times, we are plagued with financial difficulties with the wrong mindset and perception on how money should be used and how money should work for us and not work for money, we need to save for our future especially on the transition days.

Most of the speakers are well known in mutual fund, investments, financial planning and business industries.

1. J. Randell Tiongson is a financial coach and educator. He is a member of the Registered Financial Planner Institute - Philippines (RFP) and have been in insurance industry in the early 90's to present. He is a also a columnist with Business Mirror, RFP Philippines and appeared on financial related shows as guest in ANC (ABS CBN News Channel). You can visit his site at www.income-tacts.com and www.rfp-philippines.com.

2. Efren LL. Cruz is a Banker, Financial Planner and author of such books as "Pwede Na! The Complete Pinoy Guide to Personal Finance" and “Pwede Na! The Complete Pinoy Guide to Retirement and Estate Planning”. He writes for Business Mirror, Income-Tacts, RFP Philippines. You can visit his www.income-tacts.com and www.rfp-philippines.com.

3. Francis Kong is a motivational speaker, entrepreneur and columnist for Philippines Star in the business section. He is the owner of Inspire Leadership Consultancy Inc. ,the company that brought The Millionaire Mind of T. Harv Eker to the Philippine shore. You can visit his site at www.businessmatters.org.

4. Chinkee Tan is a former actor who has become a lifestyle trainer, entrepreneur and motivational speaker. He wrote a book titled "Till Debt do us Part" - which tackles on getting out of debt, becoming financial free and many more. You can visit his site at www.chinkeetan.com.

Copyright 2008-2009 - PinoyMoneyVantage