Manuel V. Pangilinan-led First Pacific Co. Ltd. is directly investing ₱726.29 million in Maynilad Water Services Inc. through its ₱49 billion initial public offering (IPO) to offset a small portion of the dilution in the stake of subsidiary Metro Pacific Investments Corp. (MPIC). In a...
Metro Pacific Investments Corp. (MPIC) is aiming to seal a deal to sell about 20 percent of subsidiary Metro Pacific Tollways Corp. to a foreign strategic investor in the next two months. In an interview, MPIC Chairman, President and CEO Manuel V. Pangilinan said they have whittled the number of...
Pangilinan-led Metro Pacific Investments Corporation (MPIC) is investing ₱116.15 billion for capital expenditures this year as it expects its 2025 earnings to exceed the record performance in 2024. In a press briefing, MPIC Chief Finance, Risk, and Sustainability Officer Chaye Cabal-Revilla said...
Following the groundbreaking of the Philippines’ largest desalination plant in Iloilo City, Metro Pacific Water Solutions (MPW) plans to source a portion of its energy from a waste-to-energy (WtE) facility. In a forum on Wednesday, Feb. 26, Jose Mari Lazo, chief finance officer of MPW, shared...
ILOILO CITY – Construction is set to begin for the country’s largest desalination plant in Metro Iloilo. BUSINESSMAN Manny Pangilinan graces the groundbreaking of the country’s biggest desalination plant in Iloilo City on Friday, Feb. 21. (Tara Yap) Secretary Jonvic Remulla of...
The Department of Transportation (DOTr) announced on Saturday, Feb. 15, that the implementation of cashless toll collection on major tollways in Luzon will start next month, specifically on March 15. Citing information from the Toll Regulatory Board (TRB), the DOTr said this means that all...
The Ayala Group continues to dispose of non-core businesses with the sale of its telehealth provider KonsultaMD to Metro Pacific Health Tech Corporation (mWell) so it can better focus on more promising endeavors. The move comes after the sale of a portion of its stake in GCash to Mitsubishi and the...
Metro Pacific Investments Corporation’s (MPIC) digital healthcare arm mWell is pioneering the use of drones for the delivery of medicine in Southeast Asia in order to reach hard-to-access areas in the Philippines. In a statement, the firm said the service is designed to complement the...
West Zone concessionaire Maynilad Water Services Inc., a partnership between Metro Pacific Investments Corporation (MPIC), DMCI Holdings and Marubeni Corporation, is already talking to several banks in preparation for its planned $1 billion initial public offering (IPO). In an interview at the...
Metro Pacific Tollways Corporation (MPTC), a subsidiary of Pangilinan-led Metro Pacific Investments Corporation (MPIC), is raising P30 billion to P50 billion in equity to pay for maturing obligations. In an interview at the sidelines of Management Association of the Philippines general membership...
Bases Conversion and Development Authority (BCDA) President and CEO Engr. Joshua M. Bingcang led the official signing of residential lease agreement with Forest Cabin lessee, Metro Pacific Investment Corp. Director Victorico Vargas. Also present at the event was BCDA Chairperson Hilario B. Paredes...
MPT Mobility has been recognized with the prestigious Best Philippine Customer Experience of the Year award at the 2024 Asian Experience Awards for the #DriveYourWay campaign for MPT DriveHub. As the digital innovations arm of the Metro Pacific Tollways...
