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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPhilippines' Ayala Corp CFO discusses higher inflation and higher interest rate' impact on businessAlbert De Larrazabal, CFO of the Philippines conglomerate Ayala Corporation says higher inflation has affected consumer demand more than the business margins.
Persons: Albert De Larrazabal Organizations: Philippines, Ayala Corp, Ayala Corporation Locations: Philippines
Margot Kiesskalt | Istock | Getty ImagesPlans for a major new wind farm in Australia were given the thumbs up this month — on the provision its turbines go offline for five months a year to protect a parrot species. Robbins Island is located in waters off the northwest coast of Tasmania, a large island and Australian state. CNBC contacted ACEN Australia via the Robbins Island project's website, but did not receive a response prior to publication. The Ayala Corporation, parent company of ACEN Australia majority-owner ACEN Corporation, did not respond to a CNBC request for comment. In comments reported by the Australian Broadcasting Corporation, ACEN Australia Chief Operating Officer David Pollington described the switch-off condition as "completely unexpected."
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