Ayala plumps up capex to P284B as units scale up

MANILA, Philippines — The Ayala Group of the Zobel family will increase its capital spending this year by up to 14 percent to reach P284 billion, as some of its core business units intensify expansion plans and strive to help sustain high earnings. Cezar Consing, president and CEO of Ayala Corp., on Friday said they
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