Ayala Corp eyes Myanmar, Eastern Europe for expansion

ABS-CBN News

Posted at Nov 13 2017 12:16 PM | Updated as of Nov 13 2017 03:00 PM

MANILA - Ayala Corp is looking to Myanmar to expand its water business and Eastern Europe for manufacturing, its chairman, Jaime Augusto Zobel de Ayala said Monday.

The conglomerate's Southeast Asian footprint includes water in Vietnam and Indonesia and real estate in Malaysia.

"It’s great to see a Philippine company to be the one adding value to a public utility in the region," Zobel told ANC.

Zobel said the Czech Republic and Bulgaria would help Ayala Corp tap the auto market in neighboring Germany.

"We have to be in Eastern Europe to feed the German economy," he said.