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Villar group allots P175-B capex until 2020



Dec 28, 2017

MANILA — The Villar group of companies is allotting PHP175 billion in capital expenditures for the next three years, as it continues to grow its various businesses on the back of a strong economy.

Villar Group founder Manuel B. Villar Jr. told reporters about 60 percent of the total capital spending will be earmarked for real estate development, while over 35 percent for its leasing and retail business.

Villar said the group would spend PHP50 billion next year for the development of more shopping malls and residential projects, and for expansion of its home improvement, supermarket, bakeshop and coffee shop businesses.

Read full article at https://www.pna.gov.ph/articles/1020015.

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