Metro Pacific Investments Corporation reported a 272 percent surge in attributable consolidated net income to P7.0 billion in the first quarter of 2021 although core profits declined. In a media briefing, MPIC President Jose Ma. K. Lim said the firm’s bottomline benefitted from the gain...
The Manila Electric Company (Meralco)--the local power distribution giant that has been linked by environmentalists to coal--is apparently pivoting toward a "greener" future. (Photo by Karsten Wurth/ Unsplash) This was learned during a recent virtual forum on multi-sector integration of so-called...
Who says business giants and civil society groups can't see eye to eye when it comes to environmental concerns and sustainability goals? ON THE SAME PAGE--Environmental advocates from civil society and business groups called for stronger partnerships with the private sector and government to...
GT Capital Holdings, Inc., the flagship of the Ty family, reported a 53 percent drop in core net income to P7.4 billion last year from the P15.8 billion earned in 2019. In a disclosure to the Philippine Stock Exchange, the firm said consolidated net income reached P6.5 billion last year, 68...
Metro Pacific Hospitals Holdings Inc. reported that it has vaccinated more than 13,000 healthcare workers in its 18 hospitals since the arrival of the first batches of the Sinovac and AstraZeneca vaccines in the Philippines in early March. The network’s three largest hospitals in terms of...
Metro Pacific Investments Corporation (MPIC) is aiming to earn P12 billion in core net income this year after registering a 34 percent drop in core profits to P10.2 billion in 2020 due to the economic contraction brought about by the pandemic. “We look forward to the gradual recovery of our...
A joint venture firm between Metro Pacific Water (MPW), part of a conglomerate led by business magnate Manuel V. Pangilinan; and the Dumaguete City Water District (DCWD) had officially commenced operations this February 1 for improved water supply and services to customers in Dumaguete City and...
As part of its sustainable development initiative, Metro Pacific launched a mangrove propagation project on the site of its P30-billion Cebu-Cordova Link Expressway (CCLEX). Mangroves are the only natural forests found in Cordova and the center was the first of its kind in the Visayas and the third...
The rush to get an RFID installed has never been more palpable, particularly because the looming December 1, 2020 cashless transactions for tollways is approaching. While electronic toll collection has long been offered by our country’s toll operators, it’s only now that their value is more...
A tripartite agreement was signed today for the private sector donation to the government of 3-million dosage of COVID-19 vaccine, estimated to cost P700 million. The agreement “Angat Lahat: A Dose of Hope” was signed today by Presidential Adviser for Entrepreneurship and Nego Negosyo...
The Makati Medical Center (MMC), the country’s leading healthcare and medical provider, said it will maintain its close to P1 billion expansion program for 2021 they had set even before the pandemic as they move to add more facilities, equipment, and bring its services offsite to serve more...
The P30-billion Cebu-Cordova Link Expressway (CCLEX) is now 61 percent complete in the midst of the Covid-19 pandemic. CCLEX links mainland Cebu from Cebu City to the Municipality of Cordova in Mactan Island. The overall engineering, procurement and construction (EPC) progress of the project...
