PHILIPPINES PRESS-Ayala to spend $4.3 bln on expansion-Standard

Tue Mar 11, 2014 9:28pm EDT

Ayala Corp, the country's oldest conglomerate, is increasing capital spending this year to 190 billion pesos ($4.3 billion) to support real estate, banking, telecommunication and water businesses and fund new investments such as energy and infrastructure projects, the Manila Standard Today reported.

(link.reuters.com/qap57v)

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NOTE: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 44.475 Philippine Pesos) (Compiled by Manila newsroom; Editing by Subhranshu Sahu)