Lopez-led FPH allots P80B for capex program this year

First Philippine Holdings Corp. (FPH), the listed holding company of the Lopez Group, said it has allocated some P80 billion for capital expenditures (capex) for 2023. This year’s capex is more than 50 percent higher than the previous year’s P51 billion. Emmanuel Antonio P. Singson, the company’s treasurer and CFO,…

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