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August 1, 1851
The Banco Español Filipino de Isabel II, the first Filipino bank in the country, was established by the Junta de Autoridades
of the Spanish government. The Bank of the Philippine Islands traces its roots back to this bank.
Source: Maria Teresa Colayco, A Tradition of Leadership: Bank of the Philippine Islands [Makati: BPI, 1984], p.
23
August 1, 1997
The Manila Waterworks and Sewerage System formally turned over to the Manila Water Company the operation and development of
the water and sewerage systems in the eastern side of Metro Manila. The concession covers Makati, Mandaluyong, parts of
Manila, Marikina, Pasig, Pateros, parts of Quezon City, San Juan, Taguig, and the towns of Rizal. Combining the resources of
Ayala Corporation, the American construction and engineering giant Bechtel Enterprises, and the U.K.-based multi-utility
operator United Utilities, Manila Water won the right to operate the concession in a bidding conducted by the MWSS.
Source: Manila Water, “Have You Thought about Water” [flyer]
August 8, 1920
The maiden issue of the Philippines Herald, the first Filipino-owned daily in English, was published. Carmen de
Ayala y Roxas and her son Antonio Roxas de Ayala were among the stockholders of the publication. The paper was in circulation
until September 21, 1972, when martial law was declared and the government took over all mass media. Although some pre-
martial-law publications were allowed to resume operations a few days later, the authorization given to the Herald
was rescinded at the last minute: the government reportedly wanted to keep the mass media out of the hands of big business.
The Herald was then owned by magnate Andres Soriano Jr. of San Miguel Corporation.
Source: Carlos Quirino, Philippine Tycoon: Vicente Madrigal, pp. 59–60; Crispin Maslog, Philippine Mass Communication, p.
34
August 23, 1996
In commemoration of the centennial anniversary of the Philippine declaration of independence, the Ayala group of companies
presented the Filipinas Heritage Library to the Filipino people. The library, a division of the Ayala Foundation, is a one-
stop electronic research center on the Philippines. Located at the historic Nielson Tower in Makati, its roots can be traced
to the modest operations of the Ayala Museum library. In 1994, the library was given the mandate to reinvent its traditional
functions and methods and to showcase how technological advancements have revolutionized information storage, retrieval, and
dissemination. Armed with a new program of activities and services, the library moved to its new home and formally opened to
the public as the Filipinas Heritage Library on the 100th anniversary of the Cry of Pugadlawin.
August 27, 1924
Fernando Zobel de Ayala y Montojo was born in Manila to Enrique Zobel de Ayala and Fermina Montojo y Torrontegui. Although
actively involved in the management of Ayala y Cia.’s various ventures in the 1950s, Zobel was primarily an artist and art
patron. He served as president of the Art Association of the Philippines for two years, and was the moving spirit behind the
establishment of the Ayala Museum and Iconographic Archives. He was also a member of the archaeological team of the National
Museum of the Philippines, of which he was named honorary curator for spearheading the excavations in Calatagan, Batangas. In
1960, he retired from the family business. Settling permanently in Spain, he focused entirely on his art and, in 1966,
founded the Museo de Arte Abstracto Español. Fernando Zobel died on June 2, 1984, in Rome, and was buried with honors in
Cuenca, Spain.
Source: Fernando Fernando, Ayala Museum pamphlet, 2000;
Eduardo Lachica, Ayala: The Philippines’ Oldest Business House [Makati: Filipinas Foundation, 1984], pp. 154, 156, and 210;
Kuwentong Ayala, vol. 15 no. 2, August 1984, pp. 25-26.
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