277,000 SMEs; 27,000 allied businesses and jobs created underline Ayala group’s growth
Makati, Philippines – March 12, 2020 As Ayala Corporation caps its 185th founding anniversary, its network of 227,000 small medium enterprises (SMEs) and allied businesses of some 27,000 partners and suppliers across the group are recognized as pillars in its continuing growth story.
“Beyond our products and services, our businesses create multiplier effects for society and the economy. Our group creates employment opportunities for a broad segment of Filipinos-- whether professionals, skilled or unskilled---as well as various entrepreneurial opportunities for many micro, small, and medium businesses. With the Ayala group’s unique attributes in diversity, scope, and brand equity, we are fortunate to have the ability to contribute to providing livelihood opportunities with scale and serve as catalyst for economic and social progress for many communities throughout the country,” noted Ayala Chairman and CEO Jaime Augusto Zobel de Ayala.
More than half of these 227,000 unique SMEs within the Ayala network, partner with Globe for their data transaction needs and various ICT solutions to run their daily business operations.
Another 100,000 enterprising Filipinos are already growing their business ventures with BPI’s Banko through zero collateral, low interest loans of up to ₱150,000 and sound financial advice.
An estimated 1,000 SMEs are also doing business in 35 AyalaLand Malls nationwide and some subcontractors at the Makati Development Corporation that build sustainable residential and commercial spaces.
According to a DTI report, micro small medium enterprises (MSMEs) are becoming a significant contributor in the Philippine economy. They make up 99.5% of the businesses in the country where 60% are micro entrepreneurs with annual revenues of less than P10 Million. MSMEs employ 63% of working Filipinos and contribute to 35% of the country’s GDP. Ayala supports the growth of the MSMEs in the country.
In addition, some 27,000 suppliers and partners across the Ayala group continue to benefit from the income derived from Ayala’s diverse businesses. All these economic activities aim to include as many players as possible creating more income generating prospects and jobs.
The Ayala group reported 71,823 total direct hires in 2019, up 19% from 2018. Ayala’s suppliers and SME partners are part of the country’s most productive citizens. The Philippine Statistics Authority estimates the country’s employment rate at 94.9% at December 2019.
Ayala’s net income in 2019 reached ₱35.3 billion, which included divestment gains from AC Education and AC Energy. The strong consumer-driven growth of Ayala Land, BPI, and Globe lifted Ayala’s bottomline during the period.