Alliance Global sets P75-billion capex for 2024

Alliance Global Group Inc. News

Alliance Global sets P75-billion capex for 2024
MegaworldEmperador BrandyBusiness And Industry
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Billionaire Andrew Tan’s listed holding company Alliance Global Group Inc. has earmarked P75 billion for its spending program this year, which will mostly finance its real estate business through Megaworld Corp.The latest capital expenditure program is the company's highest in eight years since the P77-billion program in 2016, and reflects a 19% growth from the actual spend of P63 billion in the previous year.

, which is refurbishing the Newport Mansion that will house all-suite rooms, garden villas, and bay suites. It will also develop the Westside City that houses the Grand Opera House, theaters, and cinemas.Emperador Inc. is also set to spend P6.5 billion this year, bulk of which will go into whisky business as the expansion of its Dalmore distillery is set to be completed in the second half.

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gmanews /  🏆 11. in PH

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