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Jewelry on display at the Bvlgari store window in Greenbelt Mall in the central business district in Makati City, Metro Manila, the Philippines, on Thursday, March 7, 2024. Ayala Land reported earnings that topped estimates for the quarter on Feb. 29. Photographer: Veejay Villafranca/Bloomberg via Getty Images

Jewelry on display at the Bvlgari store window in Greenbelt Mall in the central business district in Makati City, Metro Manila, the Philippines, on Thursday, March 7, 2024. Ayala Land reported earnings that topped estimates for the quarter on Feb. 29. Photographer: Veejay Villafranca/Bloomberg via Getty Images