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Filinvest group allots P21-B capex this year

Filinvest group allots P21-B capex this year
April 30, 2021 | 6:25 pm
The Filinvest group is setting aside P21.2 billion in capital expenditures this year, the bulk of which will be used for its real estate projects.
“For this year, the group’s total combined capital expenditure budget amounts to P21.2 billion, of which about a quarter is slated for investments in new ventures including the eco-sustainable space. The balance is for the real estate business,” Filinvest Development Corp. (FDC) said on Friday.
This year’s capital budget is 32.5% higher than the adjusted capex of P16 billion in 2020.
FDC said the P15.9 billion or 75% of this year’s capex will go to its real estate business under Filinvest Land, Inc. ....

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FDC sets P21.2-B capex for continued expansion

Published April 30, 2021, 4:10 PM
Gotianun family-led Filinvest Development Corporation (FDC) is allotting P21.2 billion for capital expenditures this year as it aims to continue expanding organically and through partnerships despite uncertainties faced by the economy.
During the firm’s annual stockholders’ meeting, FDC President Josephine Gotianun-Yap said about a quarter of the capex is slated for investments in new ventures including the eco-sustainable space while the balance is for the real estate business.
Gotinanun-Yap said that, after over a year living through the health crisis, the company has come out relatively stronger than its peers.
She said FDC is now gearing for a post-pandemic economic recovery for the country and its portfolio of businesses with a balance of circumspect and optimism. ....

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Additional acquisitions in Gotianun-owned EastWest Bank – The Manila Times

Additional acquisitions in Gotianun-owned EastWest Bank – The Manila Times
manilatimes.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manilatimes.net Daily Mail and Mail on Sunday newspapers.

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