PROPERTY giant Ayala Land, Inc. (ALI) is programming a 21-percent increase in capital expenditure (capex) in 2018 to fund the development of more projects across the country.

“Our capex projection is P111 billion, which is significantly higher than the actual spending last year, so it’s going to be another all-time high in terms of capex and that’s really an indication of the opportunities that we see, optimism in the market,” ALI President Bernard Vincent Dy told a news conference in Makati City on Wednesday.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details