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Hong Kong-listed conglomerate First Pacific Co Ltd plans to spend at least 79 billion pesos ($1.8 billion) on its Philippine units, 8 percent higher than last year's spending programme, BusinessWorld newspaper reported.
First Pacific owns controlling stakes in Philippine Long Distance Telephone Co, Metro Pacific Investments Corp , and Philex Mining Corp.
NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Manila Newsroom; Editing by Anand Basu)