PROPERTY giant Ayala Land, Inc. (ALI) said on Thursday that its capital expenditure (capex) next year may reach P100 billion as the company continues with its expansion plans.
“Our capex [for 2018] should be bigger than this year judging with the kind of activity we have this year,” ALI Chief Finance Officer Augusto Bengzon told reporters on the sidelines of the company’s issuance of short-dated notes in Makati City.
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