Ayala: Capital spending raised to P284B for 2024

By Brix Lelis

Apr 27, 2024 12:19 am

FOLLOWING a record 2023 performance, the Ayala Group is further increasing its capital expenditure (capex) budget for this year to P284 billion to sustain its growth momentum.

'The budget for the year is P284 billion. That's about a 14 percent increase from last year,' said Albert de Larrazabal, chief finance officer at Ayala Corp., the Zobel family's listed holding company.

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