Ayala Land sets aside P100-B capex for 2024

By Brix Lelis

Feb 22, 2024 12:19 am

AYALA Land Inc. (ALI), the property development arm of conglomerate Ayala Corp., has allocated a capital expenditure (capex) of P100 billion for this year — the highest since 2020 — as it embarks on a multi-year plan to double its business by 2028.

This year's capex budget is 15.6 percent higher than last year's actual spending of P86.5 billion, although somewhat lower than the P109 billion spent in 2019.

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