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AGI cuts capex as earnings drop
Manila Bulletin
|April 23, 2025
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Dr. Andrew Tan, is cutting capital expenditures (capex) for 2025 following a decline in earnings in 2024.
In a disclosure to the Philippine Stock Exchange (PSE), the firm said it is allotting P63 billion for capex this year, eight-percent lower than the P68 billion ear-marked last year.
AGI said it is looking at 2025 with cautious optimism amid economic challenges and intends to take advantage of opportunities in the domestic and global markets while pursuing cost-efficiency measures.
It noted that the group will continue to invest in capital expansion across the real estate, hospitality, quick-service restaurant, and spirits segments.
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