New Ayala CFO brought up from BPI
Dec 19, 2014
Ayala’s Asean capex injection
The Philippines conglomerate will spend up $4.15 billion on capex this year. A lot will go into the Asean region.
At Ayala’s annual stockholders’ meeting in April, its chairman Jaime Augusto Zobel de Ayala said the group is strongly interested in investment opportunities in Asean member countries. His younger brother, Fernando Zobel de Ayala, added that some business expansion efforts by group companies in Asean have made much progress already.
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