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Cosco allots P7B for 2025 capex
The Philippine Star
|May 28, 2025
Cosco Capital Inc., the listed retail holding firm of Lucio Co, is set to spend P7 billion this year to support the continued expansion of its business units.
Cosco deputy comptroller Gerry Teofilo said the group's P7-billion capital expenditures budget for 2025 signifies its commitment to grow following a strong performance last year.
Teofilo said the bulk of the budget would be allotted for the expansion of the grocery retail segment's store network, while a portion of the expenditures will be assigned to the real estate group and Office Warehouse.
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