Township pioneer Megaworld Corp. set its capital expenditure for this year at P55 billion, P10 billion less than in 2015, but still in line with the company’s five-year expansion plan, the company said on Monday.

The new capex allotment is the second tranche in Megaworld’s P285.8-billion expansion plan covering the years 2015 to 2019, with this year’s expenditure focused on further boosting rental income by building more malls and office buildings.

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