Global Economic and Financial Crisis Effects On The Ayala’s

Posted by on December 1st, 2008 at 05:30pm

Blog My Brain wrote an interesting post today on
Here’s a quick excerpt
“The impending slowdown in global economic growth coupled with inflation pressures on basic goods in recent months have had a dampening effect on consumer spending. This, to some extend, has impacted topline growth of some of our key business.” This is the statement of the Ayala Corporation President Fernando Zobel de Ayala as he explains the reason for the sudden drop of Ayala Corporation’s profit to P. 7.8 billion in the first nine months of the year. The 43% drop in the Ayala Corporation’s

Read the rest of this great post here

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