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GT Capital to develop third growth engine

GT Capital Holdings Inc., the holding firm of the Ty group, said Thursday that it would be developing unit Federal Land Inc. into a third growth engine next to key subsidiaries Toyota Motor Philippines and Metropolitan Bank and Trust Co. (Metrobank).

'From the get-go, GT Capital was always running on two engines, namely Toyota and Metrobank,' GT Capital Senior Vice President Jose Criso said at an investor event.