PROPERTY giant Ayala Land Inc. (ALI) expects its actual 2015 spending to fall short of the P100-billion allotment, citing slower land bank accumulation.
ALI Senior Vice President Jaime Ysmael told reporters at the sidelines of the Financial Executives (Finex) Forum on Thursday that the company is “rationalizing” its costs for the rest of the year, particularly land bank accumulation, which can lower its total spending for 2015.
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