In a statement, the company led by president and CEO Kevin Tan said this year’s budget is the largest since 2016, driven by strategic expansions across its diversified business segments.
Tan emphasized the conglomerate’s commitment to sustaining growth and enhancing its position as a premium lifestyle conglomerate.
The bulk of the capital expenditures – approximately P55 billion – will be directed towards expanding Megaworld Corporation’s real estate portfolio.
Megaworld aims to launch new townships and developments, particularly outside Metro Manila, contributing to long-term growth.
Additionally, Travellers International Hotel Group will receive P10 billion for ongoing expansions, including projects at Newport World Resorts and Westside City.
Emperador Inc. will receive P6.5 billion to enhance its whisky operations, with a focus on sustainability and increased production capacity.
AGI also plans to expand the McDonald's store network, targeting 800 stores nationwide by the end of the year.
This comprehensive expansion strategy aligns with AGI’s pursuit of growth and sustainability, ensuring the conglomerate remains a leader in the Philippine market.
