BusinessWorld May 6, 2021 | 12:08 am By Keren Concepcion G. Valmonte LUCIO C. Tanâs LT Group, Inc. (LTG) is allocating P9.7 billion for capital expenditures (capex) this year, nearly double the previous yearâs P5-billion budget as the company expects the slow opening of the economy to âbode well for all businesses in general.â The listed holding firm is formed by Tanduay Distillers, Inc. (TDI), Asia Brewery, Inc. (ABI), Fortune Tobacco Corp., PMFTC, Inc., Eton Properties Philippines, Inc., Philippine National Bank (PNB), and Victorias Milling Co., Inc. Nearly half or P4.6 billion of the companyâs capex will be allocated for PNBâs digitalization efforts.