Rappler's latest stories on Metro Pacific Investments
For the first time, MPIC quarterly earnings fall, capex halved
Despite the harsh earnings dip in the 1st quarter of 2020, Metro Pacific Investments Corporation chairman Manny Pangilinan says workers' welfare comes first over profitability
Manny Pangilinan exits P102-billion NAIA Consortium
Tycoon Manny Pangilinan's departure from the 'super consortium' comes as his businesses face regulatory risks under the Duterte administration
Politics forces Manny Pangilinan to divert to 'less risky' businesses
Manny Pangilinan may get into real estate and tourism, as he faces regulatory risks with his other businesses
After getting fresh capital, Metro Pacific Hospitals scraps IPO plan
Metro Pacific Hospital Holdings says goodbye to its IPO plan for now, after getting a massive fresh capital infusion of P35 billion from a consortium led by global investment firm KKR
Ayala, Metro Pacific slammed for LRT1 extension, FTI construction delays
Cavite 7th District Representative Boying Remulla says the Paranaque Integrated Terminal Exchange would have been 'viable' if not for these construction delays
Metro Pacific net income down by 9% in H1 2019
Metro Pacific Investments Corporation reports lower earnings in the 1st half of 2019, but highlights the growth in core income and investments
Metro Pacific Investments Corporation adopts 25 estuaries
As part of a partnership with the Department of Environment and Natural Resources, Metro Pacific unit Maynilad will also fast-track the connection of customers to its sewage system
NAIA Consortium gains original proponent status for P102-B airport rehab
The proposal to rehabilitate the Ninoy Aquino International Airport is now up for the approval of the National Economic and Development Authority Board
Metro Pacific expands footprint in Vietnam water market
The listed infrastructure conglomerate led by Manuel Pangilinan acquires a stake in Tuan Loc Water Resources
Construction of NLEX-SLEX Connector Road to start by July
Back in July 2016, NLEX Corporation secured a P23.2-billion deal to build, operate, and maintain the NLEX-SLEX Connector Road
Metro Pacific net income rises by 15% in 2017
The increase to P13.2 billion in 2017, from P11.5 billion in 2016, is largely due to Meralco and Global Business Power
Metro Pacific to slow down on new proposals until toll hikes resolved
The tollways unit of Metro Pacific Investments Corporation says it has foregone roughly P7.5 billion in potential revenues since 2012 because of delayed toll adjustments
DOTr to review P350-billion NAIA rehabilitation proposal
The Department of Transportation expects to finish its evaluation of the Ninoy Aquino International Airport proposal by top conglomerates in April
'Super consortium' formalizes P350-billion NAIA rehab proposal
The consortium's members are Aboitiz InfraCapital, AC Infrastructure, Alliance Global, Asia's Emerging Dragon, Filinvest, JG Summit, and Metro Pacific
First phase of Cavite-Laguna Expressway to open in December
The first 7 kilometers of the Cavite-Laguna Expressway (CALAX) is set to be opened to motorists by end-2018, ahead of the initial target of February 2019
Metro Pacific unit to borrow P36 billion for 2 new toll roads
The tollways unit of Metro Pacific Investments Corporation is getting ready for the construction of the Cavite-Laguna Expressway and the C5 South Link Expressway
Conglomerates form ‘Super Consortium’ to propose NAIA upgrade
The Ayala, Aboitiz, Gokongwei, Gotianum, Metro Pacific and Andrew Tan groups will submit their unsolicited bid to the Department of Transportation
Conglomerates in talks for 'super consortium' to upgrade NAIA
Andrew Tan's Alliance Global and Lucio Tan's LT Group confirm there are talks with other business groups, though no formal agreements have been reached
Metro Pacific eyes more toll roads, water projects in ASEAN countries
For Indonesia alone, Metro Pacific CEO Jose Maria Lim says his firm is exploring dozens of toll road concession deals
Metro Pacific tollways unit expands presence in Indonesia
For $132 million, the toll road arm of Metro Pacific Investments Corporation raises its stake in Indonesian infrastructure holding company PT Nusantara
Metro Pacific to ink deal with Leighton for CALAX
Under a contract worth about P7.3 billion, Leighton will build the Cavite side of the Cavite-Laguna Expressway (CALAX)
Metro Pacific group eyes P20 billion for MRT3 takeover
This would be P7.5 billion higher than its initial investment projection to take over and rehabilitate the Philippines' most congested mass transit railway
Singson leaves Light Rail Manila, moves to Meralco
A source privy to the matter says Primitivo Cal is set to replace Singson as the president and chief executive officer of Light Rail Manila
After a decade, construction of MRT-LRT Common Station to begin in September
The coveted project has seen 3 transportation secretaries come and go. Finally, the construction will start on September 29.
Pangilinan-Ayala group poised to bag MRT3 original proponent status
Other private groups will be able to submit competing offers under a Swiss challenge, while the original proponent, the Pangilinan-Ayala group, would be given the right to match them
DBP open to unload MRT3 interests
A new owner and operator for Metro Rail Transit Line 3 MRT3 is in the books of the Philippine government This is to give the railway proper upgrade and maintenance
Pangilinan-Ayala group eyes MRT3 takeover by early 2018
The group hopes to operate maintain and rehabilitate the Metro Rail Transit Line 3 for 32 years Will its unsolicited proposal be approved?
Manny Pangilinan's group mulls buying out MRT3 owners
Metro Pacific has an option to acquire a 48 stake in MRTC after signing cooperation agreements with various groups that hold rights and interests The conglomerate has yet to exercise this option
Metro Pacific starts NLEX Harbor Link's R10 section
The infrastructure conglomerate of Manuel Pangilinan expects to finish construction of the 2 6 kilometer expressway extension in the 1st quarter of 2018
Ayala to join Metro Pacific in MRT3 rehab proposal
The two conglomerates are also partners in the operations maintenance and upgrade of LRT1
Metro Pacific sets sights on Clark airport upgrade
The Bases Conversion and Development Authority plans to start the auction for the airport s P12 5 billion expansion within the year
PLDT sells remaining stake in Beacon to MPIC
Metro Pacific Investments Corporation the sister company of PLDT buys the telco s remaining stake in Beacon for P21 8 billion
Global Business Power to acquire 50% stake in Alsons
Through its deal with the Alsons group Global Business Power will now reach the Mindanao market
Groups of Ramon Ang, MVP set sights on MRT3 upgrade
It was in 1999 when MRT3 was opened to decongest EDSA Now EDSA remains congested
Metro Pacific, PH's largest infra firm, unfazed by unrest in Mindanao
Metro Pacific Investments Corporation MPIC – which holds power water rails toll roads logistics and hospitals in its portfolio – will soon announce a big investment in Mindanao
Metro Pacific on the lookout for at least 2 logistics acquisitions
Metro Pacific s president and chief executive officer wants logistics to be a major contributor to the conglomerate s operations
Metro Pacific pouring P153B into public infrastructure 'til 2018
The infrastructure conglomerate is set to start construction of the Cavite Laguna Expressway and Cebu Cordova Link Expressway among others in 2017
QC approves Metro Pacific-led group's waste-to-energy project
The project can convert Quezon City s municipal solid waste into renewable energy that would be enough to power as many as 90 000 homes
Metro Pacific clarifies funding amid drop in share price
Metro Pacific management clarifies that the conglomerate will not conduct a capital raising exercise in the near future
George Ty and MVP transaction is best deal of 2016 – IHAP
The deal that brought together two of the biggest conglomerates in the country is recognized as the most innovative and complex
5 regional airport PPP deals attract more honchos
Companies led by Jaime Augusto Zobel de Ayala Lucio Tan Manuel V Pangilinan Erramon Aboitiz Ramon Ang Andrew Gotianun and Manuel Louie Ferrer are interested
MVP group plans to build children's hospital in Metro Manila
Metro Pacific chief Manuel V Pangilinan says there is a huge market for children s care
Metro Pacific sustains double-digit income growth despite tariff issues
The overdue hike adjustment is not stopping the infrastructure conglomerate from expanding its businesses with MPIC almost doubling its capital spending budget to P79 billion this year
Metro Pacific's French partner backs out from regional airports PPP
With Aeroports de Paris backing out Metro Pacific says it will first look for a new foreign partner then evaluate its participation in the regional airport deals
Senators convinced 'best' location achieved for MRT-LRT common station
But the Senate committee wants someone to be held liable for the P200 million naming rights contract of SM Prime which caused the almost 8 year delay of the project
Maynilad pours P13B into water services expansion, infrastructure
The water company expects to generate around 40 549 jobs from its capital spending budget program this year despite delays in the implementation of its arbitral award
LOOK: The newly-renovated LRT1 Doroteo Jose Station
Light Rail Manila s directive is to rehabilitate the 20 stations and train cars of LRT1 in 18 months and extend the line from Baclaran to Bacoor Cavite
LRT1 operator to start Cavite extension in late February
LRMC the operator of LRT1 takes on French companies Bouygues Travaux Publics and Alstom Transport Private Limited to help build the LRT1 Cavite extension
MPIC taking over Delgado hospital in Quezon City
To date Metro Pacific has poured in more than P12 billion of capital expenditures into the hospital industry with approximately 2 700 beds throughout the country
Metro Pacific to spend around P60 billion in 2017
The P60 billion programmed spending does not include acquisitions and new projects that Metro Pacific may acquire through bidding
