Listed Shakey’s Pizza Asia Ventures Inc. remains on “cash conservation mode” after putting in place measures to help it cope with the coronavirus disease 2019 (Covid-19) pandemic, according to its chief.

At the virtual stockholders’ meeting of the local unit of the popular pizza-parlor chain on Wednesday, Shakey’s President and Chief Executive Officer Vicente Gregorio said these measures included postponing its planned opening of 38 stores this year and cutting its P600-million capital expenditure (capex) to between P250 million and P300 million.