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JG Summit earmarks P73-B capex for 2023

JG Summit Holdings Inc. plans to allocate P73 billion for capital expenditures this year, slightly higher than the P71 billion it spent in 2022.

'We are investing a total of P73 billion in capital expenditures for 2023,' JG Summit president and CEO Lance Gokongwei said during the firm's annual stockholders' meeting on Monday.