History
In the late 19th century, Ayala participated in the construction of the Punte de Ayala over the Pasig River in Manila. Built of wood in 1872, the Ayala Bridge was reconstructed in steel in 1908, and was the first steel bridge in the Philippines. In 1888, the corporation introduced the first tramcar service in the Philippines. Ayala was mainly responsible for the development of Makati as the financial district of Manila and the Philippines after World War II.
In April 2010, FinanceAsia named Ayala Corporation as the best-managed company in the Philippines, as well as best for corporate governance and best for corporate social responsibility.
In 2011, Ayala began building its renewable energy portfolio, beginning with a joint venture with Mitsubishi for solar power, the purchase of the iconic Northwind farm for wind power, and its joint venture with Sta. Clara Power for run-of-the-river hydro power. Ayala will contribute 1000 MW to the Philippine power supply, by 2015.
Read more about this topic: Ayala Corporation
Famous quotes containing the word history:
“America is, therefore the land of the future, where, in the ages that lie before us, the burden of the World’s history shall reveal itself. It is a land of desire for all those who are weary of the historical lumber-room of Old Europe.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“The history of our era is the nauseating and repulsive history of the crucifixion of the procreative body for the glorification of the spirit.”
—D.H. (David Herbert)
“This above all makes history useful and desirable: it unfolds before our eyes a glorious record of exemplary actions.”
—Titus Livius (Livy)