Ayala group ratches up capital spending to P200B
Ayala Corp. is scaling up its capital spending to more than P200 billion this year to support an aggressive expansion program.
This is higher than the P180 billion set aside last year.
The conglomerate wants to further expand its real estate, telecom, power generation and transport infrastructure businesses.
In the last six years, Ayala Corp. had spent around P720 billion for the continued expansion of its traditonal and emerging businesses.