Filinvest sets P24B capex

Filinvest Development Corp., the investment arm of the Gotianun Group, is setting a P24-billion capital expenditure (capex) budget for 2024, 20 percent more than the P20 billion allotted in 2023, so it can achieve a 20-percent growth for another record year.

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In a press briefing, FDC Chief Finance Officer and Treasurer Ven Christian Guce said, “47 percent of that will go into the expansion projects of our real estate. These are projects that are already ongoing, just completing.”

“And then, we’re looking at 40 percent will go into the expansion of the different portfolios of our segments, like hotel, investment into renewables, investments into our core power business.