FDC sets aside P24 billion for capex this year
MANILA, Philippines — Filinvest Development Corp. (FDC) of the Gotianun family is allotting P24 billion for capital spending this year to fuel the expansion of the company’s real estate, power and hospitality businesses.
FDC chief finance officer Ven Christian Guce said the group’s capital expenditures (capex) budget for 2025 is a 20-percent increase from last year’s P20 billion.
Guce said that 47 percent of the group’s capex this year would go into the expansion projects of its real estate portfolio.
“These are projects that are already ongoing. Just completing,” he said.
Guce said that 40 percent of the budget, meanwhile, will go into the expansion of the different segments of the group, such as investment in hotels, renewables and power businesses.
“And then 10 percent will go into digitalization and our investments into the shared services organization, which is going to drive operational efficiencies group-wide,” he said.
FDC COO Ysmael Baysa said that the company’s ongoing digitalization is going very well.
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