Philippines’ Ayala Corp. Boosting Spending To $5.4 Billion In 2022 As Earnings Rebound - Forbes

Ayala Corp.—the Philippines’ oldest conglomerate—is increasing spending by 25% this year to bankroll investments in real estate, renewable energy and telecom projects.

Fernando Zobel de Ayala (R), president and CEO of Ayala Corp, gestures during an interview with AFP ... [+] as his brother Jaime Augusto Zobel de Ayala II (L), looks on at the corporate headquarters … [+3131 chars]

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