LISTED Aboitiz Equity Ventures (AEV), the holding and investment company of the Aboitiz Group, has trimmed its capital expenditure for this year to P58.4 billion from P60 billion 2015 with its power business still getting the bulk of its spending.

In a disclosure to the Philippine Stock Exchange on Tuesday, Erramon Aboitiz, AEV president and chief executive officer, said this year’s capital expenditure is 2.6 percent lower than last year’s amount.

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