About JAKA Group
MILESTONES

	1974-1983
August 8, 1974	JAKA Investments Corporation was formed with manpower complement of five and an asset base of Php 50.0 million. The company first held office at the ADC Building along Ayala Avenue, Makati.
January 1975	JAKA formally started business operations, managing the Enrile family’s investment portfolio in the domestic capital and money markets as well as leasing the various residential properties of the family.
March 1975	The company undertook its first major equity investment with the purchase of shares of stock of Republic Glass Corporation.
December 1975	The company acquired shares of stocks in Philippine Global Communications, Incorporated
January 1977	JAKA completed its initial venture capital acquisition by taking over bankrupt wood and match manufacturing companies – Dolores Timber Incorporated, Samar Lumber Incorporated, Provident Tree Farms Incorporated, Panomatch Company and Samar Match Incorporated.
December 1978	After a two-year rehabilitation period, the Eurasia Group of Companies was formed to manage the company’s investments in the lights and wood industry, creating the following affiliates out of the newly rehabilitated companies: Royal Match, Incorporated; Eurasia Match, Incorporated; San Jose Timber Corporation; Dolores Timber, Incorporated and Casilayan Softwood Development Corporation.
February 1979	Sigma Security Services, Incorporated was formed to provide personnel and installation security to JAKA’s affiliate companies.
May 1980	Cocoland Development Corporation was organized as JAKA’s initial investment in the field of agribusiness. Some 1,100 hectares of agricultural land in Lamitan, Basilan Island was acquired with the intent to produce high-value crops such as coconut, cacao, coffee and black pepper
March 1982	The company acquired the assets of Sunripe Coconut Products, Incorporated, rehabilitating and modernizing the manufacturing plant and giving birth to another affiliate company, the New Sunripe Coconut Products, Incorporated
September 1983	JAKA acquired a 931-hectare coconut and rubber plantation, and created an affiliate company to manage the same, the Eurasia Match Incorporated - Mangal Development Corporation (EMI-Mangal), later renamed as Eurasia Mangal Agricultural Development Corporation.
November 1983	New Sunripe Coconut Products leased a second desiccated coconut factory in Candelaria, Quezon from Cathay Coconut Products, Incorporated and later exercised its option to buy the facility.
	1986-1991
January 1986	Pacific Royal Basic Foods, Incorporated was organized to operate the newly-rehabilitated desiccated coconut factory in Candelaria, Quezon. The company started to export desiccated coconut products directly to its consumers in North America and in Europe.
October 1986	New Sunripe Coconut Products entered into an agreement with Red V Coconut Products, Limited for the use of its desiccated coconut factory in Dalahican, Lucena City. Towards the end of 1988, Lucena Desiccated Coconut Products, Incorporated was organized to own and manage the said desiccated coconut manufacturing facility.
January 1987	JAKA Foundation, Incorporated was formed to institutionalize the fulfillment of the JAKA Group of Company’s corporate social responsibility. Casilayan Softwood Development Corporation implemented its 5-year integrated tree planting program even as the Comprehensive Agrarian Reform Law was passed.
May 1987	JAKA acquired a 7,000 square meter property in Pasong Tamo, Makati
June 1987	A 24-hectare prawn farm was developed in Nasugbu, Batangas under the company’s third agribusiness affiliate, the JAKA Aquaculture Development Corporation.
October 1988	JAKA acquired the Elizalde Building along Ayala Avenue, Makati, and started the construction of a rubber gloves manufacturing facility in Zamboanga
February 1989	JAKA acquired the JEG Building in Legaspi Village. The company signed an agreement with Sigma Investments Corporation to construct Splendido Gardens Salcedo, a 21-storey first class condominium building in a property located at HV dela Costa Street in Salcedo Village, Makati.
March 1989	The rubber glove manufacturing facility was completed and initial trial run production was started under Royal Rubber Products, Incorporated.
August 1989	The company acquired the Cibeles Building along Ayala Avenue, then popularly known as the Hong Kong Bank Building
September 1989	The cornerstone of Splendido Gardens Salcedo was laid, and the company initiated land banking activities in Southern Palawan
May 1990	RMI Marketing Corporation was organized and became the contract marketing and distribution network for in-house and third party products. The company was later renamed JAKA Distribution, Incorporated
November 1990	The Eurasia Group was transformed into the JAKA Group of Companies, with a defined mission, vision and core values.
December 1990	JAKA acquired a 220-hectare property along the Tagaytay Ridge overlooking Taal Lake.
February 1991	JAKA Land, Incorporated was organized to own the prime properties of the JAKA Group, including the four prestigious office buildings in Makati and other properties in Metro Manila that was earmarked for development.
June 1991	JAKA Tagaytay Development Corporation was established to develop the Tagaytay property into a first class golf course and residential subdivision. JAKA Property Management Services Corporation, was formed to manage and develop the existing properties of JAKA, as well as that of third party clients.
July 1991	The company acquired a 4,600 square meter lot in Pasong Tamo Extension, Makati and a 22-hectare property in Tabangao, Batangas.
	1992-2000
1992	JAKA Property Management Services Corporation, subsequently renamed as JAKA Property Management and Development Corporation, was appointed to manage the development and marketing of Mountain Ridge Villas, a private low-density luxury residential condominium project along the Tagaytay Ridge, which was sold out in less than one year. The company likewise developed JAKA Village, a 2.3 hectare affordable housing project in San Pedro, Laguna and the JAKA Plaza, a 5,500 square meter strip mall along Dr. A. Santos Avenue in Paranaque City. Further to these, the company acquired shares of stock in Far East Bank and Trust Company and Philippine Overseas Drilling Corporation equivalent to one board seat in each of the two companies. In support of the country’s Comprehensive Agrarian Reform Program, the company voluntarily sold Cocoland Development Corporation and EMI-Mangal to the national government for distribution to the different farmer-beneficiaries of the agrarian reform law.
1993	JAKA Equities Corporation was formed as a holding company for the JAKA Group’s manufacturing concerns, which was intended to eventually serve as the vehicle for the company’s initial public offering (IPO).
1994	Jack Enrile was appointed President and Chief Executive Officer of JAKA Investments Corporation and the JAKA Group of Companies. The company turned multi-national with the acquisition of Sabah Match Factory Sdn. Bhd (SMF) in Sabah, Malaysia, representing the company’s initial expansion into the global market.
1995	The company acquired Barney Foods International Incorporated from Metro Pacific, and subsequently renamed the company as JAKA Food Processing Corporation. JAKA likewise established the Pacific Royal Bottling Corporation as its initial entry into the bottled mineral water business, using bottles manufactured by another affiliate company, the Asia PET Corporation. JAKA Industrial Products Corporation was established to source the substantial volume of industrial and construction materials for use in the group’s real estate development projects.
1996	A foreign company joint-venture company was established by JAKA - the PT JAKA Saktibuana in Bitong, North Sulawesi, Indonesia. A second joint-venture company called JAKA Tagaytay Holdings Corporation was likewise formed to spearhead the construction of the company’s flagship project, the 277-hectare Splendido Taal Residential, Golf and Country Club along the Tagaytay Ridge which was launched during the year. The JAKA Group of Companies made plans to go public with a US$ 2.0 billion initial public offering of company shares of stock to finance its plans to expand its coconut oil mill, match and food manufacturing operations.
1997	A financial crisis struck most of the Pacific Rim countries, which subsequently caused the property bubble in Asia to burst. JAKA held in abeyance its plan to go public
1998	Jack Enrile, after steering the JAKA Group of Companies through its period of rapid growth and highest profitability, was elected as Congressman of the 1st Legislative District of Cagayan and assumed the position of Vice Chairman of the Board. The day-to-day operations of the JAKA Group of Companies were entrusted to then Chief Operating Officer Katrina Ponce Enrile. The Asian Financial Crisis of 1997 spilled over to 1998 as consumer confidence dropped and spending was curtailed. The financial crisis soon became an economic crisis of major proportions.
1999	Stringent cost rationalization programs were implemented in the effort to batten down the hatches and ride out then prevailing economic storm.
	2000-2004
2001	The continuing economic crisis that plagued the country caused the principals to take a long, hard look at the company and its affiliates. Difficult decisions were made and implemented in order to ensure the continuity of group-wide operations. The JAKA Group of Companies consolidated its operations to its core businesses and divested its interests in companies that did not contribute to group-wide profitability
2002	Senator Juan Ponce Enrile assumes the position of President and Chief Executive Officer of JAKA Investments Corporation and the JAKA Group of Companies. Notwithstanding the continuing economic crisis, the JAKA Group of Companies made good its promise and completed the golf course at Splendido Taal.
2003	Sigma Security Services, Incorporated established its wholly-owned security training academy, the Sigma Institute for Security and Protection Training, Incorporated. Crinier, LLC – a trading company organized under American laws was established to introduce JAKA products to the Filipino communities in the United States. The cornerstone of Splendido Taal’s permanent golf clubhouse was laid, and the company entered into a joint-venture agreement for the rehabilitation and lease of the prawn ponds in Natipuan, Batangas.
2004	The dawn of new beginnings. The difficult, albeit timely decisions made by the principals allowed the company to survive the economic crisis better that most other Philippine companies. Plans are made for the prudent expansion of core businesses within their respective areas of expertise. JAKA Chief Operating Officer Katrina Ponce Enrile, who directly oversaw the operations of the company during the crisis period was appointed as President and Chief Executive Officer.