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Published: Wednesday April 24, 2013 MYT 12:57:00 PM

Petronas Dagangan's RM700m strategy for Malaysia, Philippines

By Choon En Han


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.

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