BDO Unibank Inc., the Philippines’ largest lender by assets, provided ₱30 billion to help finance Prime Infrastructure Capital Inc.’s acquisition of a controlling stake in gas assets previously held by First Gen Corp. In a statement, BDO said the financing accounts for 60 percent of the ₱50...
ABS-CBN Corp. signed a licensing agreement with billionaire Manuel Villar Jr.’s Advanced Media Broadcasting System Inc. to air the Kapamilya Channel on the ALLTV Network starting Jan. 2, 2026. The media company controlled by the Lopez family disclosed the deal to the Philippine Stock Exchange on...
The Securities and Exchange Commission (SEC) called for collective action to strengthen corporate governance standards and promote sustainability-oriented decision-making. The SEC recently concluded the 12th Corporate Governance Forum, which was held in partnership with Institute of Corporate...
Metro Pacific Coconut Holdings Corp. (MPCH), a subsidiary of Metro Pacific Investments Corp. (MPIC), has increased its market share to nearly 70 percent of the country’s food-grade coconut exports after completing the acquisition of Franklin Baker Co. of the Philippines. MPIC said in a statement...
For seasoned executive Victor Genuino, the Philippines is poised to become a major powerhouse for data centers—a go-to destination for tech companies driving the next wave of digital progress. It’s a bold vision, and one he is already executing as head of VITRO Inc. “My dream is for the...
The government is now scrambling to pay up to ₱4 billion in outstanding obligations to Light Rail Manila Corp. (LRMC) in hopes of maintaining the confidence of the Pangilinan-led Metro Pacific group in Light Rail Transit Line 1 (LRT-1). Acting Transportation Secretary Giovanni Lopez said the...
Pangilinan-led Metro Pacific Investments Corp. (MPIC) sustained its strong growth momentum in the first nine months of 2025, with consolidated core net income rising 14 percent to ₱23.6 billion from ₱20.8 billion for the same period last year. The firm said improved financial and operational...
HONG KONG — Metro Pacific Investments Corp. (MPIC) may hold off on its planned divestment from Light Rail Manila Corp. (LRMC) after the government immediately opened talks to address its obligations to the company. LRMC President and Chief Executive Officer Enrico Benipayo told MPIC Chairman...
Hong Kong — Metro Pacific Investments Corp. (MPIC) has revived plans to secure strategic investors for its tollways business in a bid to ease its significant debt burden. Chaye Cabal-Revilla, MPIC chief finance, risk, and sustainability officer, said the conglomerate is seeking to sell a 20...
HONG KONG — Metro Pacific Investments Corp. (MPIC) has begun due diligence on PrimeWater Infrastructure Corp. and its assets, a process that will determine whether the conglomerate makes a formal bid to acquire the water utility from the Villar family. “We signed a non-disclosure agreement with...
Niche real estate firm Italpinas Development Corp.’s (IDC) board of directors has appointed Engr. Giuseppe Garofalo as the company’s new chief executive officer (CEO), taking over the helm from IDC’s co-founder Architect Romolo V. Nati. In a disclosure to the Philippine Stock Exchange (PSE),...
Hong Kong-based investment holding firm First Pacific Co. Ltd. expects its earnings to continue its upward trajectory through increased contributions from its Philippines businesses, Philex Mining Corp., and digital bank Maya. In a virtual investor conference, First Pacific stated that the two...
