Corporate

Diversified investment holding company Ayala Corp. is reassessing its capital expenditure program for the year as global macroeconomic volatility forces a more cautious investment stance, though the conglomerate is keeping its earnings targets unchanged for now, according to president and CEO Cezar P. Consing.

Jaime Augusto Zobel de Ayala, chairman of the diversified Ayala Corp., said the group is prioritizing resilience and disciplined capital deployment as global volatility and softening demand reshape operating conditions.

VITRO Inc. announced that its VITRO Santa Rosa (VSR) facility has achieved TIA-942 Rated 3 Facility Certification, confirming that the data center is designed to operate बिना interruptions even during maintenance or repairs.

Filinvest Development Corp. (FDC) and its property arm Filinvest Land Inc. have approved a combined cash dividend payout of about P2.3 billion, signaling steady cash generation from their diversified real estate and financial services portfolio.

Globe Telecom Inc. has completed a significant step in its capital management strategy after concluding a tender offer for its USD600 million 4.2 percent Senior Perpetual Capital Securities, resulting in the repurchase of a large portion of the outstanding debt instrument.