Phinma Corp. is allocating close to P12 billion for capital expenditure (capex) this year, about three times the amount it spent in 2013, and bulk of it will go to the group’s power projects.
“The capex for the Trans Asia Group is P10.8 billion. Let’s just say P11.4 billion is the total for the entire group,” Regina Alvarez, senior vice-president for Finance of Phinma, said.
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