ALI hikes capex to P60B on improving confidence

MANILA, Philippines — Property giant Ayala Land Inc. (ALI) raised its 2026 capital spending guidance to P60 billion from P50 billion, signaling stronger confidence despite a challenging property market. ALI president and CEO Anna Ma. Margarita Bautista-Dy said in a media briefing the higher capex budget comes as the company saw signs of stabilization in the