THE country's oldest conglomerate, Ayala Corp. (AC), is expected to have a "good year" ahead with earnings seen growing at a double-digit pace driven by the banking, property, telecommunications and energy business, Maybank Investment Banking Group said.
Ayala's earnings are projected to rise by 11.4 percent in 2025, Maybank said in a report, led by the strong performances of its four major subsidiaries: Bank of the Philippine Islands (BPI), Ayala Land Inc., Globe Telecom, Inc. and ACEN Corp.
