Alliance Global Inc. ups 2022 capex to P60B

By Ed Paolo Salting

Jun 18, 2022 12:15 am

BUSINESS conglomerate Alliance Global Group Inc. (AGI) is allocating P60 billion for capital expenditures (capex) this year, around 33 percent higher than last year as it prepares for further improvements in economic activities with the easing of movement restrictions.

'We are a group in motion, and we believe that with the sectors we are in, we will very much benefit from pent-up spending resulting from the further reopening of the economy,' AGI Chief Executive Officer Kevin Tan said.

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