Abstracts » Business, international

Comeback couple: Andrew and Mercedes Gotianun came out of retirement to turn Filinvest into one of the Philippines' leading property developers

Article Abstract:

Andrew and Mercedes Gotianun retired in the mid-1980s after successful banking careers but returned to business out of boredom and launched Filinvest Development into stunning growth. The diversified group has assets of some 20 billion pesos and had 1994 revenues of more than 1 billion. The Gotianuns moved Filinvest into competition with the huge Ayala group as a developer of commercial property. Since then Filinvest has won two huge bid competitions, though its stock has ailed since an Oct 1995 secondary offer.

Diversified Companies, Filinvest Development Corp., Gotianun, Andrew, Gotianun, Mercedes

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The Scion

Article Abstract:

Ayala and other large Filipino companies are set to play a key role in Asia in the medium-term, according to Jaime Augusto Zobel de Ayala, the new head of the Ayala business empire. He aims to adopt a new approach to the Ayala property development operations, the basis of the business empire's success. He also believes that it is vital to enter new businesses, moving away from Ayala's image as simply a property company.

Officials and employees, Conglomerate corporations, Biography, Interview, Ayala Corp., Zobel de Ayala, Jaime Augusto

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