DMCI HOMES GETS BULK OF CAPEX

D.M. Consunji Inc. (DMCI) has announced that DMCI Homes will receive the bulk of its Capital Expenditures (CapEx), which excludes its operations in Maynilad Water Services, Inc.

DMCI said it had disclosed its CapEx Plan of P42 billion this year, which represents a 48% increase from its year-ago level.

Maynilad Water Services Inc. will spend P14.8 billion this year, nearly double the P7.7-billion allocation last year.

DMCI also earmarked P4 billion for the expansion of power generation and coal businesses under Semirara Mining and Power Corp., while DMCI Power will get P2.4 billion for 2020.

Construction unit D.M. Consunji Inc. budgeted P1.7 billion in capital expenditures while the remaining P200 million will be spent by DMCI Mining Corp.

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