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Ayala, Metro Pacific ink deal with DOTC

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A consortium made up of Ayala Corp. and Metro Pacific Investments Corp. signed Monday the concession agreement for the P1.72-billion automated fare collection system (AFCS) public private partnership project – the first for the Department of Transportation and Communications – after winning the deal two months ago.

Posted: April 1st, 2014 in Editor's Pick,Headlines | Read More »

Divided we… can’t borrow

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The family rift at the Ortigas clan’s flagship property firm OCLP Holdings is causing much more than delays to potential takeovers by perennial rival suitors Ayala Land Inc. of the Zobels and the SM Group of taipan Henry Sy, both of which remain acquisition-hungry.

Posted: February 4th, 2014 in Headlines | Read More »

MPIC eyes bigger stake in Thai firm

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The group of businessman Manuel V. Pangilinan is keen on hiking its minority stake in the operator of a toll road in Bangkok, Thailand, as it seeks to diversify its presence outside the Philippines amid regulatory uncertainties, a top company official said.

Posted: November 20th, 2013 in Headlines | Read More »

Metro Pacific sets aside P6B in ’14 for toll roads

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Metro Pacific Tollways Corp. is investing about P6 billion in 2014 as it expects to begin construction of a new section of a toll road that will link Manila’s harbor area with North Luzon Expressway, a company official said.

Posted: October 27th, 2013 in Headlines | Read More »

Metro Pacific acquires controlling stake in CLDH

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Infrastructure holding firm Metro Pacific Investments Corp. (MPIC) has sealed its purchase of a 51-percent stake in Central Luzon Doctors’ Hospital (CLDH), the largest hospital in Tarlac.

Posted: October 24th, 2013 in Headlines | Read More »

Metro Pacific 6-mo profit up 7% to P3.7B

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Metro Pacific Investments Corp., the infrastructure arm of Hong Kong-based First Pacific Co. Ltd., said net income in the first six months of the year hit P3.7 billion, up 7 percent from year-ago level.

Posted: August 8th, 2013 in Headlines | Read More »

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.

Posted: May 16th, 2013 in Headlines | Read More »

Metro Pacific sets P73.2-B capex for this year

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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.

Posted: February 3rd, 2013 in Headlines | Read More »

SMC, Metro Pacific reach deal on road project

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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, according to Inquirer sources.

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.

Posted: January 21st, 2013 in Editor's Pick,Headlines | Read More »

Biz Buzz: Sticky middle ground

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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.

Posted: January 14th, 2013 in Headlines | Read More »

All-out airport

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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.

Posted: December 17th, 2012 in Columnists,Inquirer Columns | Read More »

Biz Buzz: Overweight, oversized

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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.)

Posted: September 5th, 2012 in Headlines | Read More »

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