DigiCo, a digital entity owned by businesses led by Manuel V. Pangilinan or the MVP Group, has sealed separate agreements to acquire a 10 percent interest in Bayad Center and 100 percent of Multipay Corporation for a yet undisclosed amount. "Having both online and offline solutions, Bayad and...
Both of the Philippines’ top telecommunications firms, PLDT Inc. and Globe Telecom, are supporting President Ferdinand R. Marcos Jr.'s push for digitalization and connectivity. In a statement, PLDT and its wireless arm Smart Communications Inc. (Smart) said they are reinforcing government...
Tycoon Manuel V. Pangilinan is stepping down as President and CEO of SP New Energy Corporation in favor of Emmanuel V. Rubio, who the MVP Group has recently hired to lead Meralco PowerGen Corporation (MGen) after his retirement as the chief executive of Aboitiz Power Corporation. In a...
PLDT Inc. (PLDT) and Smart Communications, Inc. (Smart) Chairman and CEO Manuel V. Pangilinan plans to grow the business beyond telecommunications by tapping into the strengths of the whole MVP Group through DigiCo. During the recently held PLDT annual shareholders’ meeting, Pangilinan introduced...
New Meralco PowerGen President and CEO Emmanuel V. Rubio As he leaps into another corporate environment, newly-designated Meralco PowerGen Corporation (MGen) President and CEO Emmanuel “Manny” V. Rubio will be navigating challenges as well as opportunities to steer his new organization...
Metro Pacific Tollways Corporation (MPTC) said it will seal the acquisition of a 35 percent stake in an Indonesian state-owned toll road operator in Jakarta this week. Manuel V. Pangilinan, MPTC chairman, told reporters that they are in the final stages of documentation, with some minor adjustments...
The proposed merger between Metro Pacific Tollways Corporation and SMC Tollways of San Miguel Corporation may be closed as early as July this year with the signing of a definitive agreement. In an interview at the sidelines of the PLDT annual stockholders’ meeting, Metro Pacific Investments...
PLDT Inc. Chairman Manuel V. Pangilinan dismissed any hope for an initial public offering in the next two years by digital bank Maya, which it controls through Voyager Innovations Inc., because the firm has yet to have the required three-year profit track record. “We have a lot of work ahead of...
Telecom giant PLDT Inc. is no longer pushing through with the establishment of a real estate investment trust (REIT) for its $1 billion data center business as it is now in the advanced stages of selling a 49 percent stake to a strategic investor. PLDT Chairman, President and CEO Manuel V....
The Philippine Stock Exchange (PSE) has approved the application of Roxas Holdings Inc. (RHI) for a nine-day voluntary suspension of the trading of its stocks following the planned takeover of young tycoon Leandro Leviste. In its letter to the PSE, RHI said it sought a trading suspension to avoid...
Young billionaire Leandro Leviste’s Countryside Investments Holdings Corporation has signed a term sheet with tycoon Manuel V. Pangilinan to invest P5 billion for an initial 71.6 percent in Roxas Holdings Inc. Countryside’s investment will help Roxas Holdings service debt to avoid bankruptcy,...
PLDT Inc. expects to find a likely candidate for the successor of its former President Alfredo Panlilio by next year as Chairman and CEO Manuel V. Pangilinan does not intend to hold on to the post for long. PLDT Chairman and CEO Manuel V. Pangilinan “The search is ongoing. I have seen two or...
