GT Capital Holdings, Inc. Provides Capital Expenditure Guidance for the Fiscal 2016
November 17, 2015 at 03:42 pm IST
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GT Capital Holdings, Inc. provided capital expenditure guidance for the fiscal 2016. The company earmarked PHP 60 billion for 2016 capital expenditure (capex), higher than its PHP 50 billion budget in 2015, primarily to fund its real estate and energy units.
GT Capital Holdings, Inc. is a Philippines-based company, which has interests in businesses across banking, property development, infrastructure and utilities, automotive assembly, importation, wholesaling, dealership, and financing, and life and non-life insurance. Its segments include Real estate, which is engaged in real estate and leasing, development and selling of properties of every kind and description, as well as ancillary trading of goods such as petroleum, non-fuel products on wholesale or retail basis; Financial institutions, which are engaged in the banking and insurance industry; Automotive operations, which is engaged in the assembly, manufacture, importation, sale and distribution of all kinds of automobiles including automobile parts, accessories, and instruments; Infrastructure, which is engaged in the water distribution, toll operation, power sector, hospitals and rail; and Others, which is engaged in acquisitions and investments.
GT CAPITAL HOLDINGS, INC. 
