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SMIC bankrolls P115 B anew for 2025 capex
The Philippine Star
|November 28, 2024
SM Investments Corp. (SMIC), the investment holding company of the Sy family, is expected to spend as much as P115 billion again for its capital expenditures next year to support its growth initiatives.
Erwin Pato, executive vice president for treasury, finance and planning at SMIC, said the group is likely to allocate a similar amount of capex for 2025 as it did this year.
“It will be around the same as this year, more or less,” he said.
SMIC has earmarked up to P115 billion for its capex this year for the continuing expansion of its various businesses.
This story is from the November 28, 2024 edition of The Philippine Star.
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