Ayala trims 2026 capex amid global uncertainties

MANILA, Philippines — Ayala Corp. plans to scale back its P230-billion capital expenditure (capex) program for 2026, bringing it closer to last year’s level of about P180 billion, as global uncertainties persist. “I suspect the number will probably look more like last year’s number, more or less. But that shows you, last year’s number, P180