Ayala Building Portfolio of Lower-Cost Products

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May 22 (Bloomberg) -- Jaime Augusto Zobel de Ayala, chairman of Ayala Corp., the Philippines' oldest family business group, talks about his business strategy. The 180-year-old company owns the nation's largest property developer and the biggest bank by capital as well as its second-largest telecommunications company and one of Manila's two water providers. Zobel speaks on the sidelines of the World Economic Forum on East Asia in Manila with David Ingles on Bloomberg Television's "On the Move." (Source: Bloomberg)

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