Ayala Land cuts 2026 capex to P50B

MANILA, Philippines — Ayala Land Inc. (ALI) is cutting its 2026 capital spending plan as softer first-quarter results push the company to adopt a more cautious stance on expansion. ALI president and CEO Anna Ma. Margarita Bautista-Dy said in a media briefing on Thursday that the firm has “recalibrated” its capital expenditures (capex) to about