metro pacific investments corp. - updates

Rappler's latest stories on metro pacific investments corp.


Manny Pangilinan exits P102-billion NAIA Consortium

Mar 10, 2020 - 10:30 AM

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

Feb 26, 2020 - 3:40 PM

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

Oct 15, 2019 - 3:10 PM

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

SHELVED. Metro Pacific Hospitals postpones its plans to go public after getting fresh capital from an investment firm. Screenshot from Makati Medical Center's online virtual tour

NAIA Consortium gains original proponent status for P102-B airport rehab

Sep 13, 2018 - 6:02 PM

The proposal to rehabilitate the Ninoy Aquino International Airport is now up for the approval of the National Economic and Development Authority Board

REHAB. NAIA Consortium has been awarded the "original proponent status" by the government for the rehabilitation of the country's main gateway. File photo by Ben Nabong/Rappler

Groups of Ramon Ang, MVP set sights on MRT3 upgrade

Jun 05, 2017 - 7:40 AM

It was in 1999 when MRT3 was opened to decongest EDSA Now EDSA remains congested

8 foreign, local firms eye Laguna expressway-dike project

Aug 12, 2014 - 11:23 AM

Interested bidders have until October 16 this year to submit the pre qualification requirements for the largest PPP project of the Aquino administration

THE BIGGEST PPP PROJECT TO DATE. The P123-billion Laguna Lakeshore expressway dike project is the biggest to date of the Aquino administration.

GT Capital interested in Laguna road, dike project

Aug 10, 2014 - 2:38 PM

Ayala Corp and Metro Pacific Investments Corp have earlier expressed interest in the PPP project

Metro Pacific acquires P13.24-B direct stake in Meralco

Jun 24, 2014 - 7:43 PM

The conglomerate raises its stake in the utility to 27 48 in anticipation of growth

File photo by AFP

DOTC: PPP projects to boost FDI inflows

Apr 06, 2014 - 7:36 PM

The agency says the successful bidding of the AFCS and Cebu airport expansion will attract more investments into the country

SMC, Ayala, MPIC eye P2.5B terminal project

Feb 06, 2014 - 5:46 PM

The project deals with the creation of a Southwest terminal connecting passengers coming from Cavite to other transport systems in Metro Manila

MPIC eyes to complete 3 toll roads before June 2016

Jan 22, 2014 - 12:17 AM

The group is working on completing 3 toll projects worth P30 billion before the Aquino administration ends its term

GAP-BRIDGING. The Manila North Tollways Corp. is working to complete 3 toll roads by 2016. Photo by Jay Directo/AFP

MNTC, PNCC finalizing connector road JV

Nov 06, 2013 - 9:33 PM

The Pangilinan led unit will present joint venture options to state owned PNCC this November

Ayala takes second look at LRT-1 Cavite project

Oct 23, 2013 - 5:13 PM

The Ayala group wants to revive its rail partnership with Metro Pacific but will make a final decision on the LRT 1 Cavite project once it sees the final bid terms

ONE MORE TIME. The Ayala group may join the next bidding for the LRT-1 Cavite extension if the terms are right. Photo courtesy of the PPP Center

MVP shuns politics

Oct 15, 2013 - 4:37 PM

The business magnate says he believes he can serve [the] people better some other way

NO POLITICAL BLOOD. Businessman Manuel V. Pangilinan. Photo by AFP

LRT-1 Cavite extension bidding 'a failure'

Aug 29, 2013 - 12:55 PM

The transportation department will rebid the rail project in the 4th quarter

A FAILURE. The government says bidding for LRT-1 Cavite extension failed. The project will be bid out again in the next quarter. Photo courtesy of the PPP Center

Ayala may re-join LRT-1 Cavite bid

Aug 29, 2013 - 7:35 AM

This after the firm withdrew its participation in the bidding leaving its partner MPIC to bid for the P60 billion project

LRT-1 Cavite extension bidding failed?

Aug 16, 2013 - 9:05 AM

DOTC Usec Jose Lotilla says the lone bidder the Pangilinan led Light Rail Manila Consortium submitted an unacceptable proposal

MVP group lone bidder for LRT-1 extension

Aug 15, 2013 - 3:29 PM

Three other prequalified groups withdraw from the race for the country s largest PPP

LONE BIDDER. Only Light Rail Manila Consortium of Pangilinan-led MPIC submitted bid proposal to the LRT-1 Cavite Extension Project. Photo courtesy of the PPP Center

LRT-1 Cavite rail bidding delayed anew

Jul 27, 2013 - 9:42 AM

A bidding process involving the biggest infrastructure project of the Aquino administration is postponed for the 3rd time

EXTENSION. The proposed alignment will extend the existing 20.7-kilometer LRT Line 1 system southwards to Bacoor, Cavite. Photo courtesy of the Public-Private Partnership Center.

MVP group eyes Zamboanga hospital in 2013

Jun 24, 2013 - 3:29 PM

Manuel V Pangilinan says the 3rd hospital they are eyeing to acquire this 2013

Metro Pacific acquires Tarlac's largest hospital

Jun 24, 2013 - 2:26 PM

This will be the 8th hospital in the Metro Pacific group s portfolio

8TH HOSPITAL. Manuel V. Pangilinan-led Metro Pacific buys controlling stake in Central Luzon Doctor's Hospital in Tarlac. Screenshot from CLDH's website

MPIC completes purchase of 7th hospital

Jun 04, 2013 - 8:20 AM

MPIC s 51 stake in De Los Santos Medical Center raises the group s total bed capacity to 1 944 beds

MVP group eyes 2 more hospitals in 2013

May 25, 2013 - 4:37 PM

One target is a 200 bed hospital in Central Luzon and the other is the De Los Santos General Hospital in Quezon City

MORE HOSPITALS. MPIC president and CEO Jose Ma. Lim says the company is eyeing to purchase two hospital units by the first-half of 2013. Photo by Lean Santos/Rappler

PH 2013 polls delay MPIC deals with govt

May 25, 2013 - 2:08 PM

Metro Pacific Investments Corp MPIC president and CEO Jose Ma Lim says the 2013 midterm elections have delayed some of the company s transactions with the government

SEVERAL DELAYS. Metro Pacific Investments Corp. (MPIC) president and CEO Jose Ma. Lim says the 2013 midterm elections have delayed some of the company's projects. Photo by Lean Santos/Rappler

San Miguel wins NAIA Expressway project

Apr 15, 2013 - 2:48 PM

San Miguel wins the toll road project with its P11 billion upfront payment versus MPIC s P305 million

MPIC not revising MRT-3 buy-out proposal

Apr 02, 2013 - 9:58 PM

Pangilinan led Metro Pacific Investments Corp MPIC offered 300 million to the government to expand the MRT 3 s capacity

NO REVISIONS. Pangilinan-led MPIC is looking to spend $300 million for the expansion of MRT-3 capacity. AFP PHOTO/NOEL CELIS

San Miguel, Lucio Tan in joint bid for Cebu airport

Mar 26, 2013 - 6:11 PM

The two partners in legacy carrier Philippine Airlines PAL will go head to head against allies MPIC and JG Summit as well as Ayala and Aboitiz

JOINT BID. SMC and the group of Lucio Tan formed a consortium to pursue the Mactan-Cebu airport project. Profile photos via San Miguel Corporation and Air Philippines' website.

MPIC to submit revised SCTEx proposal

Mar 21, 2013 - 3:22 PM

This is the 3rd time the Manuel V Pangilinan led group is submitting a proposal to operate and maintain the 94 kilometer Subic Clark Tarlac expressway SCTEx

MPIC to scale up hospital unit before listing

Mar 09, 2013 - 9:57 AM

Even if MPIC controls the largest chain of private hospitals the group is seeking to buy more before it considers listing the unit

SCALING UP. It's not the number of hospitals it controls but how much the business contributes to the group. MPIC CEO Jose Ma. Lim talks to reporters about the group's plan for its smallest business unit. Photo by Aya Lowe

Marubeni deal boosts MPIC's P25-B war chest

Mar 08, 2013 - 7:20 PM

MPIC budgets P25 billion for the big ticket infrastructure utility and hospital deals they are eyeing this 2013

BILLION BUDGET. MPIC allots P25-B for its expansion projects, says MPIC CEO Jose Lim. Photo by Aya Lowe

MPIC to govt on LRT-1: More transparency pls

Feb 28, 2013 - 6:43 PM

MPIC seeks access to the other components and contract awards related to the LRT 1 Cavite extension project

EXTENSION. The proposed alignment will add an The railway project will extend the existing 20.7-kilometer LRT Line 1 system 11.7 kilometers southwards to Bacoor, Cavite. Photo courtesy of the Public-Private Partnership Center.

MPIC ups share value to attract US market

Feb 28, 2013 - 4:44 PM

MPIC plans a reverse stock split to make its US fund raising more attractive to target investors

CORPORATE MOVE. Conglomerate MPIC is raising its share value in a planned reverse stock split, explains businessman Manuel V. Pangilinan (center). Photo by Aya Lowe

MPIC 2012 profit grows 24% to P9.7-B

Feb 28, 2013 - 1:22 PM

UPDATED The infrastructure conglomerate says all its businesses performed well during the year

MVP, Gokongwei tie up for Cebu airport bid

Feb 13, 2013 - 6:19 PM

This makes the Mactan Cebu International Airport project the new battleground for the country s richest who are bidding for government assets

NLEx-Harbor Link road finished in time for APEC 2015 - MNTC

Feb 07, 2013 - 9:33 PM

Manila North Tollways Corp MNTC looks to complete Harbor Link project before Philippines hosts APEC summit in 2015

From telco to airport? MVP, Gokongwei eye Mactan-Cebu project

Feb 04, 2013 - 7:05 PM

The groups had initial talks but these were stalled due to a previous ban on airline owners

MVP and Gokongwei to enter into joint bid for airport expansions

MVP-led MPIC raises P6-B for infra investments

Jan 23, 2013 - 12:48 PM

The funds will support the company s entry in new businesses as well as the expansion of its toll road and water units

MVP group invests P6.8-B in Manila-Cavite hi-way

Dec 27, 2012 - 3:42 PM

MVP led Metro Pacific Investments Corp expands its tollroad portfolio with its stake in the 14 kilometer Cavitex

YEAREND DEAL. The group of businessman Manuel V. Pangilinan clinched the deal for this 14-km tollroad before the close of 2012. Photo from Cavitex's Facebook page

Gov't to take over MRT-3

Dec 18, 2012 - 1:06 PM

The government has decided to regain full control of the Metro Rail Transit line 3 MRT 3 in a move that would likely pit the Aquino government again against the group of businessman Manuel V Pangilinan

MVP-led tollways unit a step away from delisting

Dec 07, 2012 - 1:13 PM

Diversified conglomerate Metro Pacific Investments Corp MPIC slightly increased its stake in the Philippines biggest road developer to 99 88 as part of moves to delist Metro Pacific Tollways Corp MPTC from the local stock exchange

MVP group sees deal on common alignment for NLEx-SLEx road by yearend

Nov 22, 2012 - 6:55 PM

Pangilinan led Metro Pacific Tollways Corp MPTC intends to sign an agreement on the North Luzon Expressway NLEX South Luzon Expressway SLEX connector road project before yearend

MVP group gains headway in NLEx-SLEx road bid

Nov 07, 2012 - 3:03 PM

The proposals for the North Luzon Expressway NLEx and South Luzon Expressway SLEx connector roads are making headway in the approval process at the National Economic and Development Authority

MVP-led MPIC 9-mo profits grow 45% to P5-B

Nov 07, 2012 - 1:20 PM

Diversified conglomerate Metro Pacific Investments Corp MPIC posted a net income of P4 99 billion in the first 9 months of 2012 reflecting a 45 increase

MVP taking 'baby steps' in Vietnam power investment

Nov 01, 2012 - 9:56 AM

Businessman Manuel V Pangilinan is only open to acquiring a minority stake in a Vietnam based power firm for now

'BABY STEPS'. Metro Pacific Investments Corp chair Manuel V. Pangilinan says his group will be modest in its planned investment in Vietnam's power industry

Will 2 NLEx-SLEx road links mean higher toll rates?

Oct 29, 2012 - 1:56 AM

The connector roads between the North and South Luzon expressways are meant to ease city traffic but will it cost drivers more than the government bargained for?

MVP-led firm eyes Vietnam deals

Oct 22, 2012 - 12:36 PM

Infrastructure conglomerate Metro Pacific Investments Corp MPIC confirmed it is eyeing infrastructure water energy hospital and consumer products deals in Vietnam

New maintenance contractor for MRT-3 eyed

Oct 17, 2012 - 5:18 PM

Sumitomo s contract as MRT maintenance contractor expires on October 19 and the DOTC is looking for a replacement

San Miguel withdraws Clark terminal bid

Sep 01, 2012 - 4:35 PM

After unveiling plans for a new airport close to Manila San Miguel has pulled out of bidding for a budget terminal nearly 80 kilometers north of the capital

Planned MPIC agri venture to spend initial $10-M for farming

Aug 24, 2012 - 6:48 PM

A planned joint venture between the group of businessman Manuel V Pangilinan and agriculture firm SL Agritech will spend an initial 10 million to grow rice on at least a thousand hectares of land

Citra-San Miguel to construct Makati-Manila areas in NLEx-SLEx road links

Jul 25, 2012 - 5:14 PM

Business partners San Miguel Corp and Citra Metro Manila Tollways Corp and not Pangilinan led Metro Pacific Investments Corp MPIC will construct the 3 kilometer road the two groups will share to link two key highways south and north of Metro Manila