Alliance Global Group Inc., the listed holding company of tycoon Andrew Tan, earmarked P70 billion in capital expenditures for 2023 to support the expansion of its property, liquor and gaming businesses.
This year’s programmed capital expenditures represent an increase of 22.8 percent from P57 billion the group invested in 2022.
It said the bulk of this year’s programmed spending was allocated for property unit Megaworld Corp. which plans to spend P55 billion, higher than P46 billion in 2022. Liquor unit Emperador Inc. programmed P7 billion in capital expenditures this year as it aims to generate 50 percent of business from international operations by 2025.
GADC, a joint venture between businessman George Yang and AGI which owns the Philippine franchise for McDonald’s, is looking add 50 stores this year after ending 2022 with 704 branches.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prime Energy joins global oil and gas groupPrime Energy Resources Development B.V. has become the 88th member of the International Association of Oil and Gas Producers that will help the firm in improving its upstream industry performance, advocacy intelligence and industry outreach.
Read more »
Pasig gov’t plants 3,000 trees for Earth Day 2023Over 3,000 trees were planted in Pasig City during a citywide tree planting activity, led by the City Environment and Natural Resources Office (CENRO), to commemorate Earth Day on Saturday, April 22. | ManilaBulletin
Read more »
Mayor Joy delivers State of the Environment Address 2023Quezon City Mayor Joy Belmonte has presented several programs of the local government to address climate change as well as plans for the environment and better quality of living in the city in her State of the Environment Address 2023. ManilaBulletin
Read more »