Filinvest sees sustained growth this year

MANILA, Philippines — Filinvest Development Corp. (FDC) plans to bolster its presence in the infrastructure space this year as the group gears up for sustained growth.

FDC president and CEO Rhoda Huang said infrastructure is a segment where the group is keeping a close eye on for expansion opportunities.

“Where we see opportunity, we are prepared to do unsolicited (proposals). If it has to move on to a bidding process, we just have to have patience for that,” Huang said.

Huang said the listed conglomerate of the Gotianun family is also on the lookout for potential acquisitions.

“We’re always looking for more opportunities for growth. New pillars in terms of enhancing the current portfolio,” she said.

“FDC, is looking at a diversified portfolio of investments, but we need to focus on our core. We will be opportunistic. Against this market environment, we will have to remain opportunistic. But thus far, we’ve seen a couple of opportunities, but nothing in terms of significant complementation already to the portfolio,” Huang said.

FDC has strategic holdings in key industries such as real estate development and leasing through Filinvest Land Inc. and Filinvest Alabang Inc.; banking and financial services through East West Banking Corp.; hotel and resort development and management through Filinvest Hospitality Corp.; power generation through FDC Utilities Inc. and agriculture through Pacific Sugar Holdings Corp.