UMW Holdings Berhad provided capital expenditure guidance for 2017. UMW Holdings Bhd is allocating MYR 756 million for capital expenditure (capex) this year for its three core businesses, namely automotive, equipment and manufacturing and engineering. Out of the total capex, MYR 373 million was allocated to the automotive division, MYR 271 million (equipment), MYR 69 million (manufacturing and engineering) and MYR 43 million for other divisions. Moving forward, 2017 will hopefully be better than 2016 and it will allow to optimise resources and embark on investments in core businesses and for future expansion and value creation.