Ayala Corp's tip for business longevity

Singapore

THE head honcho of a 183-year-old Philippine family business-turned-diversified corporation has this one takeaway to offer for business longevity - keep family-related issues separate from business-related ones.

Jaime Augusto Zobel de Ayala, the chairman and chief executive of Ayala Corporation, which goes back seven generations of Ayalas, said: "Because the moment those two things are mixed in a corporate setting - you don't differentiate them - it is a recipe for problems later on."