FILINVEST Development Corp. (FDC), the holding firm of the Gotianun-led businesses, has set aside a record capital spending of P38 billion this year as it plans to strengthen its power and real estate businesses.
FDC president and chief executive officer Josephine Gotianun-Yap said that of the P38-billion capex this year, about P25 billion will be allocated to the real estate business, including listed Filinvest Land Inc. (FLI) and Filinvest Alabang, Inc.
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