Ayala Land’s sudden move to cancel a Katipunan project and pause a flagship Makati launch is offering a rare inside look at how one of the country’s top developers is responding to a fast-changing market.
A volatile business environment shaped by global forces beyond anyone’s control is back in focus. For crisis-tested banks, it’s a familiar situation and fortunately a playbook is already in hand.
Ayala Corp. warned rising interest rates and inflation could weigh on the consumer market, potentially threatening profit goals after a record year and prompting the country’s oldest conglomerate to dial back aggressive expansion.
The energy crisis spurred by the Middle East conflict is driving demand for more stable and predictable energy, creating a tailwind for ACEN Corp. as customers shift away from volatile fuel sources.
Tycoon Isidro Consunji said the group is bracing for rising fuel costs, warning that the worsening supply-driven shock could prove more disruptive to the economy than the pandemic that brought businesses to a standstill a few years ago.
The Philippine stock market was spared from the worst of Thursday’s regional selloff, holding up better than most Asian peers despite rising global tensions, while the peso hit an all-time low against the dollar.