MANILA, Philippines — Ayala-led real estate company Ayala Land Inc. (ALI) on Monday denied reports that it has plans to pursue any development in Sagada, Mountain Province, one of the tourist destinations in the Cordillera central mountain range. "We would like to inform the public that Ayala Land Inc has no plans for acquisition and development in the town of Sagada," it said in a statement. The real-estate firm made the statement days after reports surfaced that Sagada Mayor James Pooten supposedly confirmed that the Ayala group of companies is poised to build a development in Sagada. Online users are opposing the supposed “capitalistic agenda” in the small town of Sagada. In April, the Department of Tourism said it would transform Sagada into a “walking city" as part of its sustainability campaign.

Source: Philippine Star December 23, 2019 05:26 UTC