GT Capital sets P57-B capex for 2016

LISTED conglomerate GT Capital Holdings Inc. set a capital expenditure budget of P57 billion for this year, higher than last year’s capex budget of P50 billion, a company official said.

In an analyst briefing on Tuesday, GT Capital chief financial officer Francisco Suarez Jr. told reporters that the company is earmarking P57 billion for capital spending this year which will already include spending for its property development subsidiaries.