Phinma says ₧3B 2023 capex to go mostly to core business | VG Cabuag

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Conglomerate Phinma Corp. on Tuesday said it will spend some P3 billion in capital expenditures (capex) this year, which will mostly go to its core business of education, property development and construction. Know more:

Conglomerate Phinma Corp. on Tuesday said it will spend some P3 billion in capital expenditures this year, which will mostly go to its core business of education, property development and construction.

The executive said they “plan five years ahead to make sure” its schools would have the classrooms to meet their “ambitious enrollment. Phinma, meanwhile, will spend some P500 million for the biggest factory of insulated panel manufacturing in the country.

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