Cebu Landmasters sets P14.5-B capex

By Philippine News Agency

Jun 05, 2024 12:29 am

A LEADING real estate developer in the Visayas and Mindanao on Tuesday announced P14.5 billion in capital expenditures (capex) for 2024, which includes spending for a maiden project in Luzon.

Cebu Landmasters, Inc. (CLI) chief operating officer Jose Franco Soberano told the company's annual stockholders' meeting in Cebu City that the P14.5-billion capex this year — up from 2023's P12.89 billion — was an all-time high.

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