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Apr 18, 2016 @ 10:33

Ortigas & Co. looks to accelerate spending

 

ORTIGAS & CO. plans to accelerate spending once the real estate firm finalizes the new master plan for the development of its mixed-use projects in Metro Manila.

Ortigas & Co. President and Chief Executive Officer Jaime E. Ysmael said in an interview last week the property developer is investing P7 billion this year, mostly funded by bank borrowings.

“In the future, we want to accelerate the pace of development so that number will probably have to increase,” said Mr. Ysmael, the concurrent chief finance officer of Ayala Land, Inc.

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