Emeterio Sd. Perez
THE Zobels, majority owners of the Ayala group thru Ayala Corp. (AC), are further expanding the conglomerate that they control with a gargantuan budget of P185 billion this year. With such a huge amount to spend, there is no doubt they could successfully implement what AC described in a press release as “the massive expansion of its core business, particularly its real estate and telecom units.”