PHILIPPINES PRESS-First Pacific hikes capex on Philippine units by 8 pct - BusinessWorld

Hong Kong-listed conglomerate First Pacific Co Ltd 0142.HK plans to spend at least 79 billion pesos ($1.8 billion) on its Philippine units, 8 percent higher than last year's spending programme, BusinessWorld newspaper reported.

First Pacific owns controlling stakes in Philippine Long Distance Telephone Co TEL.PS , Metro Pacific Investments Corp

MPI.PS , and Philex Mining Corp PX.PS .

(http://link.reuters.com/xar75v)

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(Compiled by Manila Newsroom; Editing by Anand Basu)

((enrico.delacruz@thomsonreuters.com)(+632 841-8934)(Reuters Messaging: enrico.delacruz.reuters.com@reuters.net))

Keywords: PHILIPPINES PRESS/FIRSTPACIFIC