In MSCI index, Metro Pacific to replace SMC
Infrastructure holding firm Metro Pacific Investments will join the closely tracked MSCI Philippines index, replacing conglomerate San Miguel Corp., effective May 31 this year.
Infrastructure holding firm Metro Pacific Investments will join the closely tracked MSCI Philippines index, replacing conglomerate San Miguel Corp., effective May 31 this year.
Singapore—Hong Kong’s First Pacific Co. Ltd. is investing an additional P73.2 billion in the Philippines in the form of its subsidiaries’ capital expenditures, mainly covering the expansion of the local unit’s public utility businesses.
The San Miguel and Metro Pacific groups have struck a compromise on the P7-billion, five-kilometer common alignment for their respective North Luzon-South Luzon Expressway connector road projects, allowing their major infrastructure projects to move forward.
On the reported “compromise” that’s shaping up between two proponents of separate connector roads linking the North and South Luzon expressways, the government seems to be getting impatient waiting for rivals San Miguel/Citra and Metro Pacific groups to resolve their differences on the P7-billion, five-kilometer common alignment on their own. After all, the government wants the project to get going in preparation for the Asia-Pacific Economic Cooperation (Apec) Summit to be hosted by the Philippines in 2015.
Uh-oh, the Ayala and Aboitiz groups are trying to get rid of one of their competitors in the bidding for the P10-billion government contract to build and operate the airport terminal in Cebu.
So there was this big television and movie star who recently took a vacation overseas. She must have done a lot of shopping because, according to our source, she showed up at the airport for her flight back home with a lot of baggage—a lot more than what she had with her when she left for her vacation. (For the sake of our source, we won’t be revealing this destination. Suffice it to say that the location is a lovely country where a major Philippine airline flies to regularly.)
The Metro Pacific and Ayala groups have jointly submitted to the government an unsolicited proposal to rehabilitate and upgrade Metro Rail Transit Line 3 (MRT3), the Philippines’ busiest elevated railway that runs along Edsa.
Being the chief executive officer of a 100-billion-peso-company such as Metro Pacific Investments Corp. does come with a generous compensation and benefit package that ordinary Filipinos can only dream of.
The Metro Pacific and Ayala groups plan to bring in foreign partners into their railway consortium ahead of the awaited bidding for the Light Railway Transit 1 extension project under the government’s public-private partnership framework.
HONG KONG—Infrastructure holding firm Metro Pacific Investments Corp. expects group-wide capital spending in the Philippines to hit close to P190 billion over the next five years alongside expansion plans for its power, water, toll roads and hospital businesses. In a media briefing at the head office of its principal shareholder First Pacific Co. Ltd., MPIC [...]
Metro Pacific Investments Corp. (MPIC) may have yielded to a government review, but it will not agree to any significant change in its concession contract for the Subic-Clark-Tarlac Expressway (SCTEx). “That contract has already been perfected,” said MPIC president Jose Ma. K. Lim, referring to the SCTEx deal. “I don’t know what their (the Bases [...]
