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Companies

Ayala shifts focus overseas with aggressive Southeast Asia push

Philippine conglomerate targets 10% of sales from foreign operations

Ayala has a stake in the Vietnamese water company that operates this water purification plant in Ho Chi Minh City.

MANILA -- Ayala, one of the Philippines' largest conglomerates, is going overseas for investment and expansion opportunities.

The massive group, whose portfolio ranges from real estate and infrastructure to manufacturing, intends to raise the share of overseas sales to total revenue to 10% by 2020 from 7% in 2017.

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