- Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

AYALA CORP

2. Date of Event Requiring Statement (MM/DD/YYYY) 10/1/2009

3. Issuer Name and Ticker or Trading Symbol

Stream Global Services, Inc. [OOO]

(Last) (First) (Middle)

33RD FLOOR TOWER ONE, AYALA TRIANGLE, AYALA AVENUE

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director ___ X ___ 10% Owner
_____ Officer (give title below) _____ Other (specify below)

(Street)

MAKATI CITY, METRO MANILA, R6 1226

(City) (State) (Zip)

5. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	20190937	D ⁽¹⁾ ⁽²⁾ ⁽³⁾

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:
( 1)	20,190,937 shares of common stock are directly held by NewBridge International Investment Ltd. ("NewBridge"). With respect to such shares, on October 1, 2009, NewBridge received 14,310,937 shares of voting common stock and 5,880,000 shares of non-voting common stock. On October 5, 2009, the 5,880,000 shares of non-voting common stock were converted into voting common stock.
( 2)	Each of (i) Ayala Corporation ("Ayala"), as parent company of Azalea International Venture Partners Ltd. ("Azalea"); (ii) Azalea, as parent company of LiveIt Investments Limited ("LiveIt"); and (iii) LiveIt, as parent company of NewBridge, may be deemed to indirectly own the securities described in footnote (1) above. Each of Ayala, Azalea and LiveIt disclaims indirect beneficial ownership except to the extent of each of their pecuniary interests therein.
( 3)	See Exhibit 99.1, incorporated by reference herein.

Remarks:
The Reporting Persons may be deemed to constitute a "group" for the purpose of Section 13(d)(3) of the Securities Exchange
Act of 1934, as amended. The filing of this report shall not be construed as an admission that the Reporting Persons are a
group. Exhibit 99.1 is incorporated by reference herein.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
AYALA CORP 33RD FLOOR TOWER ONE AYALA TRIANGLE, AYALA AVENUE MAKATI CITY, METRO MANILA, R6 1226		X
Azalea International Venture Partners Ltd. C/O AYALA CORPORATION 33/F TOWER ONE, AYALA AVENUE MAKATI CITY, R6 1226		X
LIVEIT INVESTMENTS LTD. C/O AYALA CORPORATION 33/F TOWER ONE, AYALA AVENUE MAKATI CITY, R6 1226		X
NEWBRIDGE INTERNATIONAL INVESTMENT LTD. C/O AYALA CORPORATION 33/F, TOWER ONE, AYALA AVENUE MAKATI CITY, R6 1226		X

Signatures
/s/ Alfredo I. Ayala, Managing Director		10/13/2009
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.