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Petronas Dagangan's RM700m strategy for Malaysia, Philippines
by hlk Wed 24 Apr 2013, 16:09
KUALA LUMPUR: Petronas Dagangan Bhd
has allocated RM700mil for its capital expenditure to execute
strategies for the group business, which includes investing in the
Philippines.
It said on Wednesday, the capex would be for the
group's retail, commercial, liquefied petroleum gas and lubricant
segments, including its regional businesses.
"The bulk of the capex of about RM500mil would be used for the Malaysian operations," said chairman Datuk Wan Zulkiflee Wan Ariffin.
He said the rest would be used for investments in the Philippines.
has allocated RM700mil for its capital expenditure to execute
strategies for the group business, which includes investing in the
Philippines.
It said on Wednesday, the capex would be for the
group's retail, commercial, liquefied petroleum gas and lubricant
segments, including its regional businesses.
"The bulk of the capex of about RM500mil would be used for the Malaysian operations," said chairman Datuk Wan Zulkiflee Wan Ariffin.
He said the rest would be used for investments in the Philippines.
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