Filinvest Development Corp. (FDC) is set to invest up to P25 billion in 2024, focusing on expanding its presence in real estate, power generation, and digitalization efforts. Bulk of the capital expenditure (capex), around 60 percent, will be allocated to developments under Filinvest Land Inc. (FLI), with a portion dedicated to power generation and renewable energy projects. Additionally, investments are earmarked for the hospitality sector to build new hotels across the nation, including a Grafik hotel in Baguio City. FDC’s capex will also support digitalization initiatives, including the consolidation of enterprise resource planning systems to enhance operational efficiency across the conglomerate.
The funding for FDC’s 2024 capex will come from a mix of debt and internally generated funds. A portion of the funds raised from the company’s bond offering will be utilized to finance these investments. FDC’s strategic holdings in various industries, including real estate, banking, hospitality, power generation, and agriculture, position the conglomerate to leverage opportunities for growth and expansion in the coming years. While the proposed listing of preferred shares is under consideration, FDC plans to opportunistically explore additional funding avenues to support its investment plans, with potential timing in late fourth quarter or first quarter 2025.
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