GT Capital Holdings, Inc. Provides Capital Expenditures Guidance for 2016
May 19, 2016 at 04:19 pm IST
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GT Capital Holdings, Inc. provided capital expenditures guidance for 2016. The company set aside PHP 57 billion for capital expenditures this year to support the growth of its various businesses. This year's capital budget is higher than the PHP 49 billion earmarked in 2015. The amount would be used to strengthen the company's various businesses.
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. 
