Metro Pacific Investments Corporation, a diversified conglomerate led by businessman Manuel V. Pangilinan, expects to exceed its core earnings target of P16.1 billion for 2023—higher than its pre-pandemic record core profit of P15.6 billion. During a media briefing, MPIC Chief Finance, Risk and...
While most players in the energy sector are excited about the incursion of innovative technology solutions in the industry, Manila Electric Company (Meralco) Chairman Manuel V. Pangilinan cautioned against the trap of "quick fixes" that will not bring in realistic energy security for the country....
FPM Power Holdings (Singapore) Ltd., an affiliate of Manila Electric Company (Meralco), will be joining the tender being carried out by the Singaporean government for its planned capacity shoring up to meet future energy demand growth. According to Meralco Chairman and CEO Manuel V. Pangilinan, the...
Metro Pacific Investments Corporation (MPIC) is expanding its agriculture business by acquiring a 34.76 percent stake in listed coconut products exporter Axelum Resources Corporation for P5.32 billion. In a disclosure to the Philippine Stock Exchange, Axelum said it has entered into a strategic...
Philex Mining Corporation, one of the oldest and largest copper and gold producers in Southeast Asia, is looking at expanding its Padcal mine in Benguet by investing in Macawiwili Gold Mining and Development Co., Inc. In a disclosure to the Philippine Stock Exchange, Philex said it recently set...
Metro Pacific Investments Corporation (MPIC) reported that its attributable net income inched up four percent to P16.4 billion in the first nine months of 2022 from the P15.74 billion in the same period last year. In a press briefing, MPIC Chief Finance, Risk and Sustainability Officer Chaye A....
From left: PayMaya Philippines Group President and Maya Co-Founder, Shailesh Baidwan; DTI Assistant Secretary, Mary Jean Pacheco; BSP Deputy Governor, Bernadette Romulo-Puyat; BSP Deputy Governor, Chuchi Fonacier; PayMaya Founder-CEO and Maya Bank Co-Founder, Orlando B. Vea; BSP Governor, Felipe...
Metro Pacific Investments Corporation reported a 24 percent growth in consolidated core net income to P7.5 billion for the first half of 2022, a post-pandemic high, from P6.0 billion a year earlier. In an online press briefing, MPIC Chief Finance Officer June Cheryl Cabal-Revilla said “improved...
Metro Pacific Investments Corporation (MPIC), the country’s leading infrastructure investments company, is acquiring a controlling stake in dairy firm Carmen’s Best Group of the Magsaysay family for P198 million. In a press briefing, MPIC Chairman Manuel V. Pangilinan said they have entered...
Metro Pacific Investments Corporation (MPIC) reported a 23 percent growth in consolidated core net income to P3.1 billion for the first quarter of 2022 from the P2.5 billion earned in the same period last year. In a media briefing, MPIC Chief Finance, Risk and Sustainability Officer Chaye A....
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported a 25 percent growth in core net income to P676 million in the first quarter of 2022 from P540 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
Metro Pacific Investments Corporation reported a 20 percent improvement in consolidated core net income to P12.3 billion last year from P10.2 billion in 2020. In a press briefing, MPIC Chief Finance Officer June Cheryl Cabal-Revillas said “This substantial improvement from the 13 percent growth...
