TAN-LED Alliance Global Group Inc. (AGI) on Thursday said it was allocating P75 billion for capital expenditures (capex) this year — up 19 percent from last year's P63 billion — to sustain its standing as a premium lifestyle conglomerate.
TAN-LED Alliance Global Group Inc. on Thursday said it was allocating P75 billion for capital expenditures this year — up 19 percent from last year's P63 billion — to sustain its standing as a premium lifestyle conglomerate.Megaworld Corp. will be given the biggest chunk at P55 billion, followed by Travelers International Hotel Group Inc., at P10 billion. Emperador Inc. and Golden Arches Development Corp., meanwhile, will get P6.5 billion and P4 billion, respectively.
'The AGI group continues to expand its offering in the hospitality sector, with a plan to bring its total hotel room keys to around 12,000 in the next few years, from its 20 to 23 capacity of around 7,500 keys,' he told the stockholders.Tan added that a P1.5-billion development, the Mactan Expo Center in Mactan Newtown Township in Cebu, would soon open and that more locations for MICE activities were being developed.
Global Sets P75-B Capex For 2024
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