SM Investments raises full-year capex to as much as P115B

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7 months ago

MANILA, Philippines — Sy family-led SM Investments Corp. (SMIC) will boost its capital spending this year by up to 44 percent as the country’s largest conglomerate intensifies its expansion plans in the provinces, mainly through property ventures. Franklin Gomez, SMIC senior vice president, on Wednesday said they would earmark up to P115 billion in capital

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investments

raises

capex

p115b

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