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MPIC profits plunge 63% as virus disrupts operations

METRO PACIFIC Investments Corp. (MPIC) reported a 63% earnings cut in the six months to June as measures to contain the coronavirus outbreak hit the demand and operations of all its business segments.

MPIC tollway unit sets cashless payment in five to six months

METRO Pacific Tollways Corp. (MPTC) had submitted a proposed roadmap to the Transportation department for the full execution of cashless payment on all its toll roads.

Japan’s Sumitomo acquires stake in LRT-1 operator

METRO PACIFIC Investments Corp. (MPIC) has sold part of its stake in the operator of the Light Rail Transit Line 1 (LRT-1) to Japanese company Sumitomo Corp.

Biogas project of MPIC unit, Dole receives Japanese gov’t subsidy

A waste-to-energy project by a unit of Metro Pacific Investment Corp. (MPIC) with Dole Philippines, Inc. received the first tranche of subsidy, which is up to 50% of its qualified capital cost, from the Japanese government.

MPIC unit sells some stake in Indonesia firm

METRO PACIFIC Investments Corp. (MPIC) said its tollways unit Metro Pacific Tollways Corp.(MPTC) had completed the sale of a 10.32% stake in Indonesian infrastructure firm PT Margautama Nusantara (MUN) to a consortium of Japanese firms.

MPIC income down for first time in history

METRO Pacific Investments Corp. (MPIC) posted a lower core net income in the first quarter, the first time it happened in its history, as its profits were halved as an effect of the enhanced community quarantine (ECQ) in mid-March to contain the coronavirus disease 2019 (COVID-19).

Duterte’s apology boosts Ayala, MPIC stocks

STOCKS in firms led by the Zobel brothers and Manuel V. Pangilinan surged on Tuesday after President Rodrigo R. Duterte’s apology for the “hurting words” he gave the companies in recent months.

MPIC takes Japanese partners in Indonesia infrastructure firm

METRO PACIFIC Tollways Corp., (MPTC) the tollways unit of Metro Pacific Investments Corp. (MPIC), has sold a 10.32% stake in Indonesian infrastructure firm PT Margautama Nusantara (MUN) to a consortium of Japanese firms, the Metro Pacific group said on Tuesday.

MPIC takes ‘serious’ review as stocks fail to soar

METRO PACIFIC Investments Corp. (MPIC) needs a serious review of its business holdings amid a politically charged regulatory environment and declining investor enthusiasm in its asset class, company officials said.

NLEX Harbor Link Malabon Exit now open

THE NLEX Harbor Link Malabon Exit was opened on Friday, which aims to address traffic in northern Metro Manila.

MPIC ties up with Dusit for hospitality venture

METRO Pacific Investments Corp. (MPIC) is venturing into the hospitality and real estate business starting with a P1.6-billion partnership with Thailand-based hotel firm Dusit International.

MPIC unit secures nod to start collecting toll fees

MPCALA Holdings Inc. (MPHI), a unit of Metro Pacific Investments Corp. (MPIC), has gotten a go-signal from the Toll Regulatory Board (TRB) to collect initial toll fees beginning Feb. 10 for the newly opened 10.7-kilometer Mamplasan Interchange-Sta. Rosa segment of the Cavite-Laguna-Expressway (CALAx).

At the dawn of UHC, private hospitals brace for long struggle

THE HOSPITAL UNIT of Metro Pacific Investments Corp. (MPIC) came close to staging a massive initial public offering (IPO) this year worth P83.3 billion — right on the eve of implementing the Universal Health Care Law (UHC).

MPIC books P11.8-B profit in nine months

EARNINGS of Metro Pacific Investments Corp. (MPIC) slipped in the nine months to September, weighed down by higher interest costs as the peso strengthened during the period.

MPHHI gets investment from KKR, postpones IPO

THE ANTICIPATED P83.3-billion initial public offering (IPO) of Metro Pacific Investments Corp. (MPIC)’s hospital unit — which was supposed to be the biggest listing in the Philippine Stock Exchange to date — is delayed indefinitely from its earlier fourth-quarter schedule as the company welcomed an investor that poured P35.3 billion into the company.

MPIC unit bags Dumaguete deal

A WATER unit of Metro Pacific Investments Corp. (MPIC) is partnering with the Dumaguete City Water District (DCWD) to rehabilitate and expand its existing facilities for P1.62 billion.

KKR, Blackstone among bidders for stake in MPIC hospital unit

SINGAPORE — Buyout firms KKR, Blackstone and CVC are among bidders competing for a stake in the hospital unit of Philippines’ Metro Pacific Investments Corp. (MPIC), people with knowledge of the matter told Reuters.

MPIC income drops 10% in 2nd quarter

EARNINGS of Metro Pacific Investments Corp. (MPIC) went down by 9.8% in the second quarter of 2019, as the infrastructure conglomerate incurred foreign exchange losses in the period.

MPIC plans women’s medical center

THE hospital unit of Metro Pacific Investments Corp. (MPIC) is investing about P5-6 billion for a new medical facility specializing in women’s health care.

MPIC eyes issuance of exchangeable bonds

METRO PACIFIC Investments Corp. (MPIC) is planning to issue exchangeable bonds in the coming months as it prepares the initial public offering (IPO) of its health care holding firm Metro Pacific Hospital Holdings, Inc. (MPHHI), its chairman said.

MPIC unit extends tender offer for MDI shares

METRO PACIFIC Hospital Holdings, Inc. (MPHHI) has extended its offer to buy P2.261 billion worth of shares in Medical Doctors, Inc. (MDI), in a bid to give shareholders time to think the deal through.

A valuable leader

Manny V. Pangilinan: The MVP of Filipino sports and business In the Philippine business landscape, Manuel V. Pangilinan, more popularly known as MVP, is one...

MPIC-led firm takes over Iloilo water distribution

ILOILO CITY — Metro Pacific Water (MPW) and Metro Iloilo Water District (MIWD) formally started of operations of their joint venture company Metro Iloilo Water (MIW).

MPIC eyes $2-billion valuation in hospital subsidiary stake sale

MANILA — Philippines’ Metro Pacific Investments Corp. (MPIC) expects its hospital unit to be valued at $2 billion as it sells a minority stake in the health care group, its chairman said on Wednesday.

MPIC eyes strategic partner for toll road, hospital businesses

METRO PACIFIC Investments Corp. (MPIC) is looking to unload some of its shareholdings in its hospital and tollways businesses in favor of foreign strategic investors in a bid to reduce its current debt levels.

MPIC, Maynilad commit to help in Manila Bay rehabilitation

METRO PACIFIC Investments Corp. (MPIC) and Maynilad Water Services, Inc. have committed to help the government clean up Manila Bay through the Adopt-an-Estero program.

Metro Pacific core profit hits P3.7B in Q1

INFRASTRUCTURE conglomerate Metro Pacific Investments Corp. (MPIC) delivered a three percent increase in core profit during the first quarter of 2019, supported by the growth of its energy, water, and hospital businesses amid the flat performance of its toll roads unit.

MPIC hospital unit plans to raise up to P20B in fresh...

THE hospital unit of Metro Pacific Investments Corp. (MPIC) is looking to raise P15-20 billion in fresh capital in the next two years, to support its plan of having 30 to 40 hospitals in the future.

MPIC expects go signal for QC project within Q1

A CONSORTIUM led by Metro Pacific Investments Corp. (MPIC) hopes to get the green light for its waste-to-energy project in Quezon City within the first quarter, a top official said last week.

MetroPac Movers taps Aboitiz to develop Cavite logistics hub

THE LOGISTICS arm of Metro Pacific Investments Corp. (MPIC) has tapped Aboitiz Construction, Inc. (ACI) to develop its 20-hectare property into a logistics hub in Cavite.

MPIC not giving up on MRT-3 takeover proposal

METRO PACIFIC Investments Corp. (MPIC) said its unsolicited proposal for the takeover of the Metro Rail Transit Line 3 (MRT-3) still stands, despite the decision of the Department of Transportation (DoTr) to tap Japanese contractors as its maintenance provider.

MPIC’s logistics arm buys P204.79-M worth of land in Bulacan

THE LOGISTICS ARM of Metro Pacific Investment Corp. (MPIC) acquired on Friday P204.79-million worth of properties in Bulacan as it ramps up its warehouse operations.

MPIC unit obtains P19-B loan for Cebu-Cordova bridge

A TOLLWAYS subsidiary of the Metro Pacific group sealed another loan deal this month to fund the construction of its bridge project in Cebu City.

MPIC unit teams up with Dole PHL for P1-B waste-to-energy project

METRO PACIFIC Investments Corp. (MPIC) has partnered with fruit products manufacturer Dole Philippines, Inc. (DPI) for a P1-billion waste-to-energy project, marking its foray into the bio-energy sector.

NLEX Harbor Link mainline gains 100% right of way, set to...

THE North Luzon Expressway (NLEx) Harbor Link Segment 10 mainline is slated to open in December after the Department of Public Works and Highways (DPWH) successfully completed the delivery of right-of-way for the alignment of the toll road.

MPIC unit completes deal for 12% stake in Air21

THE logistics unit of Metro Pacific Investments Corp. (MPIC) has completed its acquisition of a 12% stake in logistics services provider Air21, in line with its goal to become the leading player in the sector within the next two years.

MPIC logistics arm buys 12% in Air21

The logistics unit of Metro Pacific Investments Corp. (MPIC) has completed its acquisition of a 12% stake in logistics services provider Air21, in line...

MPIC looks to build LNG terminal

METRO PACIFIC Investments Corp. (MPIC) has joined local and foreign companies that have signified their intention to build a liquefied natural gas (LNG) import terminal ahead of the depletion of the country’s lone source of the fossil fuel — the Malampaya offshore gas field.

MPIC readies proposal for building LNG facility

Metro Pacific Investments Corp. (MPIC) has joined local and foreign companies that have signified their intention to build an integrated liquefied natural gas (LNG)...

An M.V.P. at life

Manny V. Pangilinan is one of the biggest names in the Philippine business scene, whose initials stand for the most-sought after award in a...

MPIC logistics unit to build warehouses in Cavite

THE logistics unit of Metro Pacific Investments Corp. (MPIC) will be setting aside P8 billion for the development of warehouses in Cavite, as it aims to become a leading player in the logistics space.

MPIC unit completes deal for Vietnam water firm

A UNIT of Metro Pacific Investments Corp. (MPIC) has completed the acquisition of a 49% stake in Vietnamese company that will allow its expansion into the Southeast Asian country’s industrial water concessions, the listed company told the stock exchange on Monday.

DoTr to decide on MPIC-Ayala’s MRT takeover by yearend

THE Department of Transportation (DoTr) targets to address the Metro Pacific Investment Corp. (MPIC) and Ayala Corp.’s unsolicited proposal for the rehabilitation and takeover of the Metro Rail Transit Line 3 (MRT-3) by the end of the year.

MPIC power businesses target 1,600-MW hike in capacity by 2022

THE power units of Metro Pacific Investments Corp. (MPIC) will be expanding their capacity by around 1,600 megawatts (MW) until 2022, with plans to...

MPIC posts ‘better-than-expected’ Q1 earnings

By Krista A.M. Montealegre, National Correspondent METRO PACIFIC Investments Corp. (MPIC) grew first-quarter earnings by 16% on the back of better-than-expected volume growth in its...