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) 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...
SM Investments Corp. (SMIC) reported that its nine-month profit increased, driven by the sustained performance of its banking and property businesses, which helped the conglomerate navigate challenges from weather and flooding. In a statement on Wednesday, Nov. 12, the Sy family-led holding company...
Metro Pacific Investments Corp. (MPIC) is considering selling its stake in the private operator of the Light Rail Transit Line 1 (LRT-1) as losses continue to mount, according to business titan Manuel V. Pangilinan. “We continue to lose money on LRT-1, and I think we’re considering selling...
Axelum Resources Corp., the country’s leading manufacturer and exporter of coconut food products, reported an 88-percent surge in net income to ₱636 million in the first nine months of 2025 due to higher volumes and selling prices. In a disclosure to the Philippine Stock Exchange (PSE), the...
SM Investments Corp., the flagship of the SM group, has once again earned the prestigious 5 Golden Arrow Award from the Institute of Corporate Directors (ICD) for the second consecutive year for achieving the highest distinction in corporate governance excellence. The ICD 2025 Golden Arrow Awards...
Metro Pacific Investments Corp. is committed to regaining majority control over Metro Pacific Hospitals Corp. (MPHC) six years after it had decided to trim down its interest to 20 percent to raise funds for its other ventures. In an interview, MPIC Chief Finance, Risk, and Sustainability Officer...
Exin Therapeutics Inc., a biotech startup that harnesses artificial intelligence (AI) to expedite drug discovery, is planning to invest over ₱1 billion within the next four years as part of its expansion in the Philippines. In a statement, the Board of Investments (BOI) said it has facilitated...
Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) expects to sustain its double-digit growth trajectory when it reports its third-quarter financial performance in November. In an interview, MPIC Chief Finance, Risk, and Sustainability Officer Chaye Cabal-Revilla said the company’s...
Metro Pacific Investments Corp.’s (MPIC) digital healthcare arm mWell has partnered with the Department of Information and Communications Technology (DICT) to explore the integration of healthcare services into the government’s eGov PH App. According to MPIC, the collaboration aims to create...
Alfamart Philippines, the minimart chain of the SM group, is ramping up its nationwide expansion with the launch of its franchising program, which also opens doors for the growth of micro, small, and medium enterprises (MSMEs). SM Investments Corp.said Alfamart’s pilot began in Laguna with two...
