Meralco allots P11B for ’13 capex
By Amy R. Remo
Manila Electric Co., the country’s biggest power distributor, has earmarked roughly around P11 billion for its capital expenditure program for 2013, according to company chairman Manuel V. Pangilinan.

Manila Electric Co., the country’s biggest power distributor, has earmarked roughly around P11 billion for its capital expenditure program for 2013, according to company chairman Manuel V. Pangilinan.

The Century Properties Group (CPG) plans to double its capital spending in 2012 to P7 billion from a year ago as the company scales up its urban residential projects and expands prospective land bank.