TOKYO: The Hong Kong-based First Pacific Co. Ltd., the conglomerate of tycoon Manuel Pangilinan, is rumping up investments in automation and other infrastructure projects in the Philippines with close to P100 billion set aside for capital expenditure next year.
David Nicol, chief financial officer of Pangilinan’s infrastructure vehicle Metro Pacific Investments Corp. (MPIC), told Philippine reporters in a briefing held here that the group’s 2015 capex will be used to improve and expand existing assets.
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