20 July, 1826

TODAY IN PHILIPPINE HISTORY:

Margarita Roxas de Ayala, one of the Philippines’ greatest businesswomen, and founder of La Concordia College, was born in San Miguel, Manila.

She was the eldest child of Domingo Roxas, founder of Casa Roxas, and Maria Saturnina Ubaldo, a Spaniard. Don Domingo is one of the earliest industrialists of the Philippines. She assumed control of her father’s company after his death in 1843.

Margarita acquired her vast wealth as she diversified into real estate, mining, and alcohol production. Margarita Roxas de Ayala donated her own summer residence called La Concordia in Santa Ana, Manila in 1868 to the Colegio de la Concordia which survives to this day as La Concordia College.The school upon her instruction was staffed by a Spanish order of nuns, the Sisters of Charity, and dedicated to educating and giving scholarships to marginalized women.

(Ref: Philippine News Agency; Photo by Matanglawin)

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