6 months Rockwell sets P14-B capex, to launch P11.4-B projects MB |Biz
By James A. Loyola Rockwell Land Corporation, a member of the Lopez group of companies, is earmarking P12 billion to P14 billion for capital expenditures (capex) this year as it gears up to launch P11.4 billion worth of real estate products in the second semester. In a press briefing after the firm’s annual stockholders’ meeting, Rockwell Land Chief Finance Officer Ellen Almodiel said the bulk of the capex will be used for the development of existing projects while about 15 percent will be used for land acquisition. Rockwell Land will be launching its first premium horizontal project, Rockwell South ... more