Alliance Global Group Inc., the holding firm of tycoon Dr. Andrew L. Tan, is ramping up its capital spending this year to a record P59 billion, reaffirming its long-term growth strategy across key sectors including real estate, leisure, tourism, and consumer goods.
AGI president and chief executive officer Kevin L. Tan said the group’s sustained investments aim to “focus on market expansions and strengthening operational capacities” both locally and globally. “We believe there exists a lot of opportunities here and across the globe where our business can grow,” Tan noted, citing competitive advantages in AGI’s core sectors.
A significant portion of this year’s capital outlay—P5 billion—is earmarked for Travellers International, AGI’s leisure arm, particularly for the ongoing construction of The Narra Palm Hotel and Villa within the Newport World Resorts complex. Designed as a showcase of Filipino luxury and hospitality, the property will feature 157 hotel suites and villas, plus exclusive gaming areas for VIP guests.
Travellers is also exploring new integrated resort developments in Boracay Newcoast, Mactan Newtown in Cebu, and Westside City along Manila Bay, signaling a broader ambition to expand its footprint beyond Newport.
Meanwhile, Megaworld, AGI’s township developer, commands the lion’s share of the budget—P50 billion—to finance expansions of townships, offices, malls, and hotels. New projects include premium office spaces in Iloilo, Davao, and Bulacan, plus lifestyle malls and nearly 3,600 hotel room keys across tourism hotspots.
Megaworld also plans to launch two new townships this year, expanding its portfolio to 37 integrated lifestyle communities, reinforcing AGI’s position as a leading lifestyle conglomerate.
