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QC recognized by CityNet Congress SDG Awards for Trash to Cashback program

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Naging finalist ang programang Trash to Cashback ng Pamahalaang Lungsod Quezon sa CityNet Congress SDG Awards for Asia Pacific Cities and Municipalities na ginanap sa Kuala Lumpur. Mahigit 360 programa mula sa iba’t ibang bansa ang lumahok sa p...

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Startling News and Its Effect

account_balanceMetro Opinion account_circleLeigh Bellosillo chat_bubble_outline0 Comments

Over the past weeks, social media has been inundated with news of significant and important personalities who have moved on from this temporal world.

Their leaving could be comparable to the passing of an era – President Fidel “Tabacco” Ramos, Cherie Gil dubbed as La Primera Contravida with her famous “you’re nothing but a second rate, trying hard copycat,” and 1980’s track and field superstar, Olympian Lydia de Vega.

But, what really took the netizens, the business community and the market by surprise was the news that Fernando Zobel de Ayala is “taking a temporary leave to focus on improving his health.”

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For news hounds, the swiftness in the Ayala Group's decision for Fernando’s replacement, calling for what I believed an emergency board meeting on a Sunday speaks volume of the urgency of his situation and condition. Although, this is the norm in most corporations in the US to call for an emergency board meeting, such is a precedent here in the country. 

It’s understandable that the vacuum has to be filled-in to avoid any innuendoes and speculations that could weigh down the price of listed Ayala Corp., which has been in business for188 years.

Brother JAZA (Jaime Augusto Zobel de Ayala), who actually relinquished the position to Fernando in April 2021, has given the assurance that his younger sibling “is in high spirits.”

“He has asked for some time to focus on his health and recovery. We all have so many responsibilities and commitments in all aspects of our lives, but first and foremost, we should all prioritize our health and well-being.”

Taking off from the JAZA’s  statement that “as a family, we're fully supportive of Fernando's decision to take a leave so he can do whatever is necessary to rebuild his strength,” and since there’s no full disclosure on the ailment, such fuels speculations on the extent of Fernando’s health condition. On the edge?

Fernando’s recovery or in case he eventually opts to retire, altogether, could spell the difference and could alter the career path of Cesar “Bong” Consing, elected as interim president and CEO, for now.

A veteran investment banker, Bong, is reportedly in the line-up to be the next governor of the Bangko Sentral ng Pilipinas (BSP) when the one-year term of Gov. Felipe Medalla expires.

In case you miss it, Medalla is currently serving the unexpired term of Nestor Espenilla, who passed on due to cancer after serving roughly a little more than two years.

He was succeeded by Benjamin E. Diokno, who took the finance portfolio. Medalla can no longer be appointed for another term, having served as monetary board member for two terms.


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