Metro Pacific Tollways (MPT) - South Corporation disclosed that it has alloted a projected P11.9 billion budget to complete its remaining road construction projects for the 7.7-kilometer Manila-Cavite Expressway or CAVITEX C-5 Link and the 45-kilometer Cavite-Laguna Expressway (CALAX) by 2024 and...
Metro Pacific Tollways Corporation (MPTC), a subsidiary of Manuel V. Pangilinan-controlled conglomerate Metro Pacific Investments Corporation (MPIC), needs to raise about $600 million if its bid to invest in a major tollway company in Indonesia is successful. In a virtual briefing, MPTC Chief...
GT Capital Holdings Inc., the Ty family conglomerate, reported that its consolidated net income rose 54 percent to P23.09 billion in the first nine months of 2023 from the P14.95 billion earned in the same period last year, boosted by its banking and automotive businesses. In a disclosure to the...
Metro Pacific Investments Corporation, now a privately-held conglomerate of the First Pacific Group and other top conglomerates, reported a 37 percent growth in consolidated core net income to P16.2 billion for the first nine months of 2023 from the P11.8 billion earned in the same period last...
TOKYO, Japan - Metro Pacific Investments Corporation (MPIC) intends to close the deal to acquire a strategic interest in coconut products exporter Axelum Resources Corporation before the end of this year despite the need to do further due diligence on the company. In a press briefing, MPIC Chief...
TOKYO, Japan -- Metro Pacific Health Corporation (MPH), an affiliate of conglomerate Metro Pacific Investments Corporation (MPIC), is aiming to grow its network to 40 hospitals by 2025. In a press briefing, MPIC Chief Finance, Risk and Sustainability Officer Chaye A. Cabal-Revilla said they have...
Carmen's Best, a pioneer in the world of locally-produced gourmet ice cream, recently demonstrated its unwavering commitment to uncompromised quality at its "Day of Joy" celebration last Oct. 16, held at the Marquis Events Place in Taguig. Carmen’s Best Director Felipe Bince; Metro Pacific Agro...
The Philippine Stock Exchange (PSE) is removing Metro Pacific Investments Corporation (MPIC) and Aboitiz Power Corporation (AboitizPower) from its benchmark index and replacing them with Bloombery Resorts Corporation and Century Pacific Food Inc. In a memorandum posted on the PSE website, PSE...
Metro Pacific Investments Corporation (MPIC) is now all set for delisting following the high acceptance rate of the management-led tender offer, which mopped up P28.42 billion worth of the firm’s free float shares. In a disclosure to the Philippine Stock Exchange (PSE), GT Capital Holdings Inc....
Metro Pacific Investments Corporation (MPIC) reported that its planned voluntary delisting will now push through after the bidders have obtained enough shares from a tender offer to bring down the firm’s public float to less than five percent. In a disclosure to the Philippine Stock Exchange...
The Government Service Insurance System (GSIS) assured that it will not be standing in the way of the planned voluntary delisting of Metro Pacific Investments Corporation (MPIC) as it intends to remain a shareholder of the conglomerate even if it is delisted. In a disclosure, MPIC said it was...
Instead of preparing to divest its stake in Metro Pacific Investments Corporation (MPIC), the Government Service Insurance System (GSIS) has been buying more shares to increase its stake in the conglomerate—enough to derail the management-led tender offer and delisting plan. In a disclosure to...
