The balance of 3 percent of capital spending
will be for Infracorp Development Inc., proponent of the two-kilometer Fort Bonifacio-Makati Skytrain monorail project, and a member of the consortium set to do the rehabilitation of Ninoy Aquino International Airport.
Strengthened operating profitability combined with increased liquidity resulting from the recently completed capital projects and expected decrease in capital spending
could result in positive rating movement.
The capital spending
will be partly financed by 'a combination of bonds and some bilateral loans,' he added.
The banking company's review for June, covering more than 700 non-financial companies, showed that capital spending
is likely to increase by 5.3 percent this year, up from the 4.2 percent pickup projected in February.
Despite the challenges faced on the revenue front, Gulf governments are protecting capital spending
as a share of overall expenditure to support growth and further their diversification strategies.
S&P said it believes GCC governments are "protecting capital spending
" as a share of overall expenditure to support growth and further their diversification strategies.
Segmentation of the semiconductor capital spending
market in the US by type
is recovering, although at a slower pace than initially thought," said Yuichi Kodama, chief economist at Meiji Yasuda Life Insurance.
rose 4.9 percent on the quarter, more than double the median estimate for 2.1 percent growth and the fastest expansion since October-December 2011, as companies used increased profits to invest in factories and equipment.
Auto Business News-January 21, 2014--Toyoda Gosei plans to increase capital spending
next fiscal year
(NYSE: IHS) is raising its forecast of photovoltaic (PV) capital spending