Metro Pacific Agro Ventures Inc. (MPAV), a subsidiary of Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC), is looking at the viability of venturing into large-scale production of strawberries and blueberries in the Cordilleras. In an interview, MPAV President Jovy I. Hernandez said,...
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...
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...
Metro Pacific Water Solutions (MPWS), a unit of the Metro Pacific Group, has signed a memorandum of understanding (MOU) with Hitachi Asia Ltd., a subsidiary of Hitachi Ltd., to explore potential joint projects in the water and wastewater management sector in the Philippines. In a statement, Metro...
Metro Pacific affiliate Axelum Resources Corporation, the country’s leading fully-integrated manufacturer and exporter of premium coconut products, expects to perform even better next year after turning its performance around in 2024. “Rising demand in key export markets continue to fuel our...
While still ironing out some kinks, Maynilad Water Services Inc. is committed to launching its initial public offering (IPO), estimated at $1 billion, within 2025, and will file its application with regulators by the first quarter. “Yes, we are poised to list next year. Our target is to be...
Pangilinan-led Metro Pacific Investments Corporation (MPIC) reported a 28 percent growth in consolidated core net income, hitting a record P20.8 billion in the first nine months of 2024, from P16.2 billion in the same period last year. In a statement, the firm said improved financial and operating...
Pangilinan-led conglomerate Metro Pacific Investments Corporation (MPIC) is selling its 50 percent stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) for about $255 million (P14.55 billion). In a statement, MPIC said it has entered into a definitive agreement to sell its stake...
