Ayala Land boosts capex as more buyers cancel

Ayala Land Inc. (ALI) is boosting investments in 2023 to take advantage of a recovering economy while maintaining a cautious stance on the residential sector, which was hit by a sharp increase in cancellations as home buyers wavered amid rising interest rates. Ayala Land plans to increase spending this year by over 17 percent to … Continue reading Ayala Land boosts capex as more buyers cancel