Alliance Global Group, Inc. (AGI), the holding company of business tycoon Dr. Andrew L. Tan, is earmarking ₱59 billion in capital expenditures (CAPEX) this year to support new ventures and advance existing projects across its key business segments. The move reaffirms AGI’s commitment to solidifying its position as the Philippines’ premier lifestyle conglomerate.
“We believe there are abundant opportunities both locally and globally where our businesses can flourish, particularly in the consumer, real estate, leisure, and tourism sectors where we hold strong competitive advantages,” said Kevin L. Tan, AGI Chief Executive Officer and President. “Our capital investments will remain focused on expanding our market presence and enhancing our operational capacity.”
Key CAPEX Allocations Across Business Units:
Travellers International: ₱5 Billion
Travellers International Hotel Group, the company behind Newport World Resorts, will receive approximately ₱5 billion for ongoing expansion projects. A significant portion will go toward the development of The Narra Palm Hotel and Villa, envisioned as a uniquely Filipino luxury destination. Located within the Newport complex, it will feature 157 suites and villas, plus exclusive VIP gaming suites, all designed to deliver world-class service and Filipino hospitality.
Travellers is also exploring new integrated resort projects in Boracay Newcoast (Malay, Aklan), The Mactan Newtown (Lapu-Lapu City, Cebu), and Westside City (Manila Bay, Parañaque City) as it extends its leisure and hospitality footprint beyond Newport.
Megaworld Corporation: ₱50 Billion
Megaworld, AGI’s township development arm, will command the largest share of the Group’s CAPEX. The ₱50 billion allocation will fund:
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Office developments in Iloilo, Bacolod, Davao, Pampanga, and Bulacan, adding over 139,000 square meters of gross leasable area (GLA)
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New lifestyle malls in Boracay, Bacolod, Pampanga, Cavite, Rizal, and Metro Manila, contributing 151,000+ square meters in mall GLA
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Construction of 3,600 hotel rooms in strategic tourism and business destinations including Metro Manila, Palawan, and Boracay
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Expansion of MICE (Meetings, Incentives, Conferences, Exhibitions) venues to reinforce Megaworld’s leadership in the hospitality space
Megaworld also plans to launch at least two new townships in 2025, boosting its development portfolio to 37 integrated communities nationwide.
Emperador Inc.: ₱4 Billion
Emperador, AGI’s global spirits company, is investing around ₱4 billion to enhance its whisky operations through Whyte and Mackay. Key initiatives include:
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Doubling production capacity at The Dalmore Distillery
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Expanding the Invergordon Distillery’s maturation complex to 92 hectares, with 120 new warehouses to accommodate an additional 1.5 million casks of maturing whisky
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Strengthening sustainability practices and eco-efficient production
These efforts aim to bolster Emperador’s standing in the global premium spirits market while supporting its long-term growth strategy.
Strong 2024 Financial Performance
AGI closed 2024 with record consolidated revenues of ₱223.6 billion, up 6% year-on-year. “This strong performance highlights the resilience and strength of our diversified portfolio, allowing us to thrive amid changing market conditions,” Mr. Tan said during AGI’s Annual Stockholders’ Meeting earlier today.
AGI’s diverse interests include real estate development through Megaworld Corporation, global spirits manufacturing via Emperador Inc., leisure and hospitality through Travellers International Hotel Group, Inc., and quick-service restaurants through its partnership with McDonald’s Philippines.
