FILINVEST Land, Inc. (FLI) has earmarked about P23.5 billion capital spending for this year to cement its position in the real estate market with new projects set for launch in the coming months.

Josephine Gotianun-Yap, FLI president and chief executive officer, said the capital expenditure (capex) program this year is higher than last year’s budget of P22 billion.

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