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JG Summit to ramp up capital spending this year

JG SUMMIT Holdings, Inc. is hiking its capital spending for 2018 as it aims to grow its petrochemical, airline, property, food and beverage, and banking businesses amid higher oil prices in the world market and the further depreciation of the peso.

Meralco keeps capex steady for the next four years

Manila Electric Co. (Meralco) expects its capital expenditure for the next regulatory period spanning mid-2019 to mid-2023 to track around the same amount as the previous period, at around P18 billion a year, its president said.

JG Summit hikes 2018 capex to P80 billion

JG Summit Holdings, Inc. is hiking its capital spending for 2018 as it aims to grow its petrochemical, airline, property, food and beverage, and banking businesses.

Petron allots P15 billion for 2018 capex

Petron Corp. is setting aside this year a capital expenditure of P15 billion to cover its network expansion and refinery improvement, company officials said...

DMCI sets P40.7-billion capex for 2018

DMCI Holdings, Inc. is setting aside P40.7 billion in capital expenditure this year, the bulk of which will go into its property and integrated...

ERC approves P1-billion worth of capex applications

The Energy Regulatory Commission (ERC) has approved applications for capital expenditure projects amounting to around P1.15 billion as of April this year, the agency...

LT Group sets around P11 billion capex for 2018

LT Group, Inc. (LTG) plans to spend P10 billion to P11 billion for capital expenditures in 2018, amid expectations of a better year given...

Golden Bria sets P5.89-billion capex for 2018

Golden Bria Holdings (formerly Golden Haven), Inc is accelerating this year’s capital spending to P5.89 billion, in line with the company’s goal to beef...

Megaworld holds 2018 capex steady at P60 billion

Megaworld Corp. is keeping its capital expenditures steady for 2018 after it booked a double-digit growth last year fuelled by the strong sales from...

Shell sets P4.29 billion capex for 2018

Pilipinas Shell Petroleum Corp. has earmarked P4.289 billion as capital expenditure for 2018 to cover the year's outlay for its retail as well as...

SteelAsia to spend P80 billion in next five years

SteelAsia Manufacturing Corp. is spending P80 billion in the next five years to hike its capacity production of billets and rebars and eventually roll...

Ayala boosts 2018 capex to P249 billion

The Ayala group is expanding its capital expenditure budget by nearly half to support the expansion of its business units after growing profits for...

Ayala Land to raise up to P25 billion from debt notes,...

Ayala Land, Inc. (ALI) plans to raise up to P25 billion of combined debts, bilateral term loans, and qualified buyer notes this year, to...

Cirtek to spend up to $8M for capacity expansion

By Arra B. Francia, Reporter CIRTEK HOLDINGS Philippines Corp. will be spending up to $8 million in capital expenditures (capex) in 2018 to further support its...

MPIC sets P653-B capex for next 5 years

By Arra B. Francia, Reporter SYDNEY, AUSTRALIA — Metro Pacific Investments Corp. (MPIC) will be setting aside P653 billion in capital expenditures for the next...

PLDT expects recovery to continue in 2018

By Krista A.M. Montealegre, National Correspondent PLDT, Inc. expects to sustain its recovery next year, as the telco giant mulls raising capital expenditures above regular levels...

Missing piece of global economic growth jigsaw may be falling into...

HONG KONG -- A missing piece in the global growth jigsaw appears to be falling into place. Spurred by higher profits and buoyant stock...

Globe sees flat capex for 2018

GLOBE TELECOM, Inc. may keep its capital expenditure (capex) for 2018 at the same level as this year. “We try to keep it at...

ALI hikes capex for Porac project

By Arra B. Francia, Reporter AYALA LAND, Inc. (ALI) is spending an additional P10 billion for the development of Alviera, a mixed-use estate in Porac,...

Globe seals $155-million loan to fund capex

GLOBE Telecom, Inc. on Friday said it had signed a $155-million loan with Metropolitan Bank & Trust Co. with terms of seven and 10...

Jollibee capex set to double amid aggressive store expansion

JOLLIBEE Foods Corp. said it is looking to breach the 4,000-store level across all its brands in 2017, while allocating P14.7 billion in capital...