AYALA established a unit whose mandate is to systematically investigate “new” spaces, that may be unexplored but could be filled with potential, a company official said.

“We now have Ayala Innovation—a think-tank and center of excellence within the corporate center that coordinates many innovation teams across the Group, as well as with our external partners,” Jaime Augusto Zobel de Ayala, chairman and chief executive officer of Ayala Corp., said during the Inclusive Innovation Congress on Thursday.

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