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| The company is planning to expand its real estate portfolio in the neighbouring countries. — Illustrative image/ Photo rappler.com |
HA NOI (Biz Hub) — Ayala Land Inc (ALI), a leading Filipino property developer, has said it would invest in Viet Nam and Myanmar, Filipino cable news channel ABS-CBN News Channel reported.
The company is planning to expand its real estate portfolio in the neighbouring countries.
Meanwhile, ALI Senior Vice-President Arturo G Corpuz told The STAR that the company was proceeding with its first joint project in Viet Nam and Myanmar, and was evaluating the initial investment expenditure in the two countries.
The company was still assessing the scale of investment needed in Viet Nam and Myanmar, showing that it has not prepared a timetable for the launch of the project in the two countries, Corpuz said. — VNS