ALLIANCE Global Group, Inc. (AGI), the listed holding firm of business tycoon Andrew Tan, said its net income rose to P22.8 billion in 2016, a 5 percent increase from the P21.7 billion recorded in 2015.

“Since about three to four years ago, the group has made a deliberate effort to significantly raise our level of spending to expand our geographic footprint both here and abroad, and ensure a more sustainable growth in future earnings,” AGI President Kingson Sian said in a statement on Thursday.

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