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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...

MPIC net income up by 16% in first quarter

Metro Pacific Investments Corp. expects earnings this year to surpass the previous year’s level after first-quarter net profit climbed 16%. In a disclosure to the...

MPCALA expects DPWH approval for CTBEx by June

MPCALA Holdings, Inc. anticipates it will secure the original proponent status from the Department of Public Works and Highways (DPWH) for its Cavite-Tagaytay-Batangas Expressway...

MPIC targets June approval for Cavite-Tagaytay-Batangas Expressway

Metro Pacific Investments Corp. (MPIC) is expecting to get the original proponent status from the Department of Public Works and Highways (DPWH) for its...

MPIC proposes tollway project in Malaysia

METRO PACIFIC Investments Corp. (MPIC) has submitted a bid for a tollway project in Malaysia, eyeing to close an agreement for the venture within...

MetroPac Water gains a foothold in Vietnam

METRO PACIFIC Investments Corp. (MPIC) has expanded its footprint in Vietnam with the acquisition of a significant interest in a water company. In a disclosure...

MPIC unit to submit proposal for Cavite toll road next month

CAVITE Infrastructure Corp. (CIC) said it will submit next month to the government a formal proposal for the “Segment 5” project linking the Manila-Cavite...

NLEX Corp. to raise P25 B through fixed rate bonds

A TOLLWAY unit of Metro Pacific Investments Corp. (MPIC) plans to raise P25 billion through the issuance of fixed rate bonds, with P6 billion...

NLEX Corp files for P25-billion shelf registration

A tollway unit of Metro Pacific Investments Corp. (MPIC) plans to raise P25 billion through the issuance of fixed rate bonds, with P6 billion...

MPIC readies more unsolicited proposals for gov’t

By Krista A. M. Montealegre, National Correspondent METRO PACIFIC Investments Corp. (MPIC) is readying more unsolicited infrastructure proposals after sustaining a double-digit growth in core net...

MPIC posts 17% profit growth in 2017

Metro Pacific Investments Corp. sustained a double-digit growth in net profit on the strength of its increased presence in the power industry. The infrastructure conglomerate...

Business looks southward even as reality hits home

By Krista A. M. Montealegre National Correspondent THE RISE to power of President Rodrigo R. Duterte fuelled hopes of finally ending decades of insurgency in Mindanao...

MPIC sets P653-B capex for next 5 years

By Arra B. Francia, Reporter SYDNEY, AUSTRALIA — Metro Pacific Investments Corp. (MPIC) will be setting aside P653 billion in capital expenditures for the next...

Metro Pacific buys into Vietnamese water company

PHILIPPINE-listed infrastructure giant Metro Pacific Investments Corp. (MPIC) has forayed into the Vietnamese water market thru a P615-million deal that gives it a 45%...

Metro Pacific expanding into Indonesia

METRO PACIFIC Investments Corp. (MPIC) is expanding into Indonesia, as its toll road unit raised its stake in infrastructure holding company PT Nusantara Infrastructure...