MANILA – Ayala Land said Wednesday it has set P88 billion in capital expenditures this year and will launch P100 billion worth of residential projects, as it seeks to bounce back from the impact of the COVID-19 pandemic. 

Recovery will be “led by our biggest businesses, mainly estate development and residential,” said Ayala Land president and CEO Bobby Dy during the company’s virtual annual stockholders’ meeting. 

SOURCE:

https://news.abs-cbn.com/business/04/21/21/ayala-land-p88-billion-capex-p100-billion-residential-projects