CONSUNJI-LED conglomerate DMCI Holdings, Inc. is spending 19 percent more for its capital expenditure (capex) this year to P40.6 billion to further expand its business.

In a news conference in Taguig City on Tuesday, DMCI Holdings Chief Finance Officer Herbert Consunji said a big chunk of the expenditure, equivalent to P16 billion, will be allocated to property arm DMCI Homes, Inc.

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