Defining the News
GT Capital Holdings Inc., the listed holding company of the Ty family, earmarked P32.4 billion in 2024 capital expenditures primarily to bankroll the expansion plans of its property, automotive and banking units.
It also budgeted P5.9 billion for estate development and leasing projects of its property unit Federal Land Inc. and P5.8 billion for introduction of new models, specs upgrade and special projects of automotive subsidiary Toyota Motor Philippines Inc. The remaining amount will go to other subsidiaries including automotive financing and dealership, insurance, infrastructure and utilities.“The group remains committed to its strategic objectives of synergy, expanding our value chain in existing sectors and exploring opportunities in new sectors,” the conglomerate said.