Filinvest budgets P20B-25B for 2024 capital spending

By Brix Lelis

Apr 08, 2024 12:29 am

FILINVEST Development Corp. (FDC), the listed holding firm of the Gotianun family, has set aside up to P25 billion for capital expenditures (capex) this year and plans to beef up its war chest with a preferred share offering.

This year's budget is between P20 billion and P25 billion, FDC President and Chief Executive Officer (CEO) Rhoda Huang told reporters last week.

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