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Wednesday, May 30, 2001
 
AC ( 05/29/2001 : AFX )
The Manila Electric Co is still negotiating with several companies
including affiliate Bayan Telecommunications Inc, Philippine Long
Distance Telephone Co and the Ayala Group for the possible lease of
its fiber optic lines, Meralco chief financial officer Daniel Tagaza said.
Meralco is hoping to lease 72 of its 96 fiber optic lines built last year
at a cost of about 8 M usd. "We're still in discussions, trying to
negotiate for an alliance," Tagaza said. He said Meralco is also
working out details on how to lease the facilities. Tagaza said PLDT
and the Ayala Group have approached Meralco for the possible lease
of the lines. "But we've told them, put all your propositions on the table
and we'll let our (e-Meralco Ventures Inc) handle it," he said referring
to the firm's 100-M peso e-commerce unit. He said he hopes an
agreement may be signed within the year. Meralco A and B shares
closed flat at 41.50 and 60.00, respectively.
- posted by StockMarket @ 1:48 PM

Tuesday, May 29, 2001
 
AC ( 05/28/2001 : BW )
Ayala Corp. swept the Asia's Best Companies 2001 survey of
FinanceAsia magazine. Ayala won the top spot in all four categories:
best-managed company, best e-commerce strategy, best in investor
relations, and most committed to shareholder value. The survey,
which was disclosed in the April issue of FinanceAsia, was
conducted among investors and executives from financial centers
around the globe. It covers the performance of the top companies in
10 countries in Asia. Ayala led the Philippines as the Best Managed
Company, earning 36 out of 118 votes, or 30% of all votes. It was
followed by San Miguel Corp., which received 15 votes, and
ABS-CBN Broadcasting Corp., with 12 votes. Other companies in the
Best Managed category were Jollibee Foods Corp., SM Prime
Holdings, Bank of the Philippine Islands (BPI), Philippine Long Distance
Telephone Co., Manila Electric Co., and Megaworld Corp. Ayala also
figured prominently in other categories. FinanceAsia ranked Ayala and
BPI as first and second, respectively, in best e-commerce strategy,
citing the group's initiatives in business incubation, B2B, B2C and
Internet data centers. Others that figured in this category were PLDT
and ABS-CBN. Ayala also edged PLDT and San Miguel Corpn in Best
in Investor Relations, while BPI shared the fourth spot with ABS-CBN.
"Ayala Corp. is the epitome of a conscientious, resilient and profitable
corporation," said one voter. FinanceAsia lauded recent moves by the
company to focus on key industries such as banking and
telecommunications.
- posted by StockMarket @ 1:49 PM


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