Metro Pacific Investments Corporation - updates

Rappler's latest stories on Metro Pacific Investments Corporation

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Ayala, Metro Pacific slammed for LRT1 extension, FTI construction delays

Aug 14, 2019 - 10:27 AM

Cavite 7th District Representative Boying Remulla says the Paranaque Integrated Terminal Exchange would have been 'viable' if not for these construction delays

HOLD CONCESSIONAIRES ACCOUNTABLE. Cavite Representative Boying Remulla talks about commuters' problems during a Senate hearing on August 13, 2019. Photo by Angie de Silva/Rappler

Metro Pacific net income down by 9% in H1 2019

Aug 01, 2019 - 4:55 PM

Metro Pacific Investments Corporation reports lower earnings in the 1st half of 2019, but highlights the growth in core income and investments

Metro Pacific Investments Corporation adopts 25 estuaries

May 21, 2019 - 5:45 PM

As part of a partnership with the Department of Environment and Natural Resources, Metro Pacific unit Maynilad will also fast-track the connection of customers to its sewage system

A man clean the Estero de Magdalena at Recto in Binondo, Manila on 30 March 2019. The Department of Environment and Natural Resources will start the simultaneous clean-up of estero tommorrow March 31, 2019.  Photo by: Lito Borras/Rappler

Metro Pacific expands footprint in Vietnam water market

Apr 02, 2018 - 7:25 PM

The listed infrastructure conglomerate led by Manuel Pangilinan acquires a stake in Tuan Loc Water Resources

Construction of NLEX-SLEX Connector Road to start by July

Apr 01, 2018 - 8:55 PM

Back in July 2016, NLEX Corporation secured a P23.2-billion deal to build, operate, and maintain the NLEX-SLEX Connector Road

CONNECTOR ROAD. NLEX-SLEX Connector Road would link C3 in Caloocan City to the Polytechnic University of the Philippines (PUP) campus in Sta Mesa, Manila. Map from DPWH website

Metro Pacific net income rises by 15% in 2017

Mar 01, 2018 - 6:45 PM

The increase to P13.2 billion in 2017, from P11.5 billion in 2016, is largely due to Meralco and Global Business Power

Metro Pacific to slow down on new proposals until toll hikes resolved

Feb 26, 2018 - 5:00 PM

The tollways unit of Metro Pacific Investments Corporation says it has foregone roughly P7.5 billion in potential revenues since 2012 because of delayed toll adjustments

PENDING HIKE. The delays in toll hike have been hurting the pockets of operators, with a total foregone revenue of roughly P7.5 billion. Image from Wikimedia

DOTr to review P350-billion NAIA rehabilitation proposal

Feb 18, 2018 - 10:05 PM

The Department of Transportation expects to finish its evaluation of the Ninoy Aquino International Airport proposal by top conglomerates in April

REHABILITATION. Passenger traffic to NAIA is expected to continue to grow significantly over the coming years and the existing runway configuration may be unable to accommodate the future flows. Photo By Ben Nabong/Rappler

'Super consortium' formalizes P350-billion NAIA rehab proposal

Feb 13, 2018 - 12:30 PM

The consortium's members are Aboitiz InfraCapital, AC Infrastructure, Alliance Global, Asia's Emerging Dragon, Filinvest, JG Summit, and Metro Pacific

REHABILITATING NAIA. The consortium teams up with Singapore's Changi Airports International Private Limited to provide technical support in the areas of master planning, operations optimization, and commercial development. Image from Aboitiz Corporate Communications

First phase of Cavite-Laguna Expressway to open in December

Feb 08, 2018 - 7:45 PM

The first 7 kilometers of the Cavite-Laguna Expressway (CALAX) is set to be opened to motorists by end-2018, ahead of the initial target of February 2019

CALAX. The 1st 7 kilometers (kms) of CALAX is seen to be opened to motorists by December 2018, instead of earlier target of February 2019. Photo by Chrisee Dela Paz/Rappler

Metro Pacific unit to borrow P36 billion for 2 new toll roads

Jan 29, 2018 - 12:00 AM

The tollways unit of Metro Pacific Investments Corporation is getting ready for the construction of the Cavite-Laguna Expressway and the C5 South Link Expressway

NEW ROADS. The tollways arm of Metro Pacific Investments Corporation (MPIC) is spending P153 billion until the 1st quarter of 2018 to start building highways and toll roads around the Philippines. Photo from MPIC website

Conglomerates form ‘Super Consortium’ to propose NAIA upgrade

Dec 21, 2017 - 3:37 PM

The Ayala, Aboitiz, Gokongwei, Gotianum, Metro Pacific and Andrew Tan groups will submit their unsolicited bid to the Department of Transportation

Conglomerates in talks for 'super consortium' to upgrade NAIA

Dec 07, 2017 - 3:50 PM

Andrew Tan's Alliance Global and Lucio Tan's LT Group confirm there are talks with other business groups, though no formal agreements have been reached

Metro Pacific eyes more toll roads, water projects in ASEAN countries

Nov 08, 2017 - 6:15 PM

For Indonesia alone, Metro Pacific CEO Jose Maria Lim says his firm is exploring dozens of toll road concession deals

Metro Pacific tollways unit expands presence in Indonesia

Nov 06, 2017 - 8:40 PM

For $132 million, the toll road arm of Metro Pacific Investments Corporation raises its stake in Indonesian infrastructure holding company PT Nusantara

Metro Pacific to ink deal with Leighton for CALAX

Oct 08, 2017 - 11:45 PM

Under a contract worth about P7.3 billion, Leighton will build the Cavite side of the Cavite-Laguna Expressway (CALAX)

CALAX. The tollways arm of Metro Pacific Investments Corporation (MPIC) is spending P153 billion until the first quarter of 2018 to start building highways and toll roads around the Philippines that will make up for the country's national infrastructure. Photo from MPIC website

Metro Pacific group eyes P20 billion for MRT3 takeover

Oct 02, 2017 - 6:20 PM

This would be P7.5 billion higher than its initial investment projection to take over and rehabilitate the Philippines' most congested mass transit railway

NEW OPERATOR SOON? Once the Metro Pacific group hurdles the Swiss challenge, it expects to take over the operations, maintenance, and rehabilitation of the MRT3 by early 2018. File photo by JR Belardo/Rappler

Singson leaves Light Rail Manila, moves to Meralco

Sep 25, 2017 - 5:15 PM

A source privy to the matter says Primitivo Cal is set to replace Singson as the president and chief executive officer of Light Rail Manila

NEW MPIC APPOINTMENT. Rogelio Singson (R) says he will now be engaged in 'new business models like solar, renewable power generators, electric vehicles, and electric mass transport system.' In the photo are Singson and Metro Pacific boss Manuel Pangilinan (L). Photo by Martin San Diego/Rappler

After a decade, construction of MRT-LRT Common Station to begin in September

Sep 19, 2017 - 9:10 PM

The coveted project has seen 3 transportation secretaries come and go. Finally, the construction will start on September 29.

Pangilinan-Ayala group poised to bag MRT3 original proponent status

Sep 18, 2017 - 7:00 PM

Other private groups will be able to submit competing offers under a Swiss challenge, while the original proponent, the Pangilinan-Ayala group, would be given the right to match them

HURDLES. Once the Pangilinan-Ayala group is given the original proponent status and hurdled the Swiss challenge, it expects to take over the operations, maintenance, and rehabilitation of MRT3 by early 2018. Photo by Martin San Diego/Rappler

DBP open to unload MRT3 interests

Sep 12, 2017 - 3:15 PM

A new owner and operator for Metro Rail Transit Line 3 MRT3 is in the books of the Philippine government This is to give the railway proper upgrade and maintenance

COMMUTERS' ORDEAL. During rush hour, MRT3 passengers endure long lines and jampacked trains. Rappler file photo

Pangilinan-Ayala group eyes MRT3 takeover by early 2018

Aug 31, 2017 - 8:25 PM

The group hopes to operate maintain and rehabilitate the Metro Rail Transit Line 3 for 32 years Will its unsolicited proposal be approved?

NEW OPERATOR SOON? MRT3 is currently being maintained by Korean-Filipino firm Busan Universal Rail Incorporated (BURI), while the system's rail replacement is being handled by the government. MRT Corporation owns the system. Photo from the Metrostar Express website

Manny Pangilinan's group mulls buying out MRT3 owners

Aug 23, 2017 - 3:10 PM

Metro Pacific has an option to acquire a 48 stake in MRTC after signing cooperation agreements with various groups that hold rights and interests The conglomerate has yet to exercise this option

BUYOUT? 'The tentative cost of rehabilitating the system is about P12.5 billion, but there’ll be further cash out to take out certain of the shareholders of MRT, including the government,' Manny Pangilinan of Metro Pacific says. Photo by Martin San Diego/Rappler

Metro Pacific starts NLEX Harbor Link's R10 section

Aug 15, 2017 - 4:55 PM

The infrastructure conglomerate of Manuel Pangilinan expects to finish construction of the 2 6 kilometer expressway extension in the 1st quarter of 2018

ALMOST DONE. The R-10 Section serves as an extension to the NLEX Harbor Link deal, a 15.57-km expressway from Mindanao Avenue, Quezon City to the C-3 (Circumferential Road 3) in Caloocan City. File photo by Chrisee Dela Paz/Rappler

Ayala to join Metro Pacific in MRT3 rehab proposal

Aug 11, 2017 - 5:15 PM

The two conglomerates are also partners in the operations maintenance and upgrade of LRT1

Metro Pacific sets sights on Clark airport upgrade

Jul 16, 2017 - 11:50 PM

The Bases Conversion and Development Authority plans to start the auction for the airport s P12 5 billion expansion within the year

INTERESTED. 'Yes, we will take a look at it,' MPIC chairman Manuel Pangilinan replies when asked if it will bid for Clark airport upgrade. Background photo from Wikicommons

PLDT sells remaining stake in Beacon to MPIC

Jun 14, 2017 - 1:30 PM

Metro Pacific Investments Corporation the sister company of PLDT buys the telco s remaining stake in Beacon for P21 8 billion

FINANCIALLY SATISFYING. 'The divestment of our Beacon investment will help the PLDT group focus on the key priorities in its core businesses. While the investment is now viewed as no longer strategic, it has nonetheless been a very financially satisfying one,' PLDT Chairman Manuel Pangilinan says. Photo by Martin San Diego/Rappler

Global Business Power to acquire 50% stake in Alsons

Jun 05, 2017 - 3:50 PM

Through its deal with the Alsons group Global Business Power will now reach the Mindanao market

STRATEGIC ALLIANCE. Under the agreement, Global Business Power will acquire a 50% stake in Alsons Thermal Energy Corporation (ATEC) – the holding company for ACR’s baseload coal-fired power plant assets. Rappler file photo

Metro Pacific, PH's largest infra firm, unfazed by unrest in Mindanao

May 27, 2017 - 10:24 AM

Metro Pacific Investments Corporation MPIC – which holds power water rails toll roads logistics and hospitals in its portfolio – will soon announce a big investment in Mindanao

STILL SUNNY. Manuel Pangilinan, chairman of Metro Pacific, is still keen on the Mindanao market. Photo by Martin San Diego/Rappler

Metro Pacific on the lookout for at least 2 logistics acquisitions

May 03, 2017 - 6:50 PM

Metro Pacific s president and chief executive officer wants logistics to be a major contributor to the conglomerate s operations

OPPORTUNITIES. Metro Pacific is expanding its logistics unit through acquisition and organic growth

Metro Pacific pouring P153B into public infrastructure 'til 2018

Apr 04, 2017 - 9:33 AM

The infrastructure conglomerate is set to start construction of the Cavite Laguna Expressway and Cebu Cordova Link Expressway among others in 2017

PRIVATE HANDS. One of Metro Pacific's projects is NLEX Harbor Link Segment 10, which will be an elevated roadway connecting Segment 9 at MacArthur Highway in Valenzuela City to C-3 Road (5th Avenue) in Caloocan City. Photo from MPIC website

QC approves Metro Pacific-led group's waste-to-energy project

Mar 27, 2017 - 8:40 PM

The project can convert Quezon City s municipal solid waste into renewable energy that would be enough to power as many as 90 000 homes

RENEWABLE ENERGY. The unsolicited project involves the construction of an integrated solid waste management facility capable of processing and converting up to 3,000 metric tons per day of Quezon City’s municipal solid waste into 42 megawatts of renewable energy

Metro Pacific clarifies funding amid drop in share price

Mar 23, 2017 - 7:15 PM

Metro Pacific management clarifies that the conglomerate will not conduct a capital raising exercise in the near future

SIGNIFICANT DROP. From P6.90 each at the start of month, share price of Metro Pacific drops to P6 on Wednesday, March 22. Rappler file photo

George Ty and MVP transaction is best deal of 2016 – IHAP

Mar 19, 2017 - 10:00 AM

The deal that brought together two of the biggest conglomerates in the country is recognized as the most innovative and complex

BEST DEAL. George Ty's GT Capital Holdings acquired 15% of Manuel V. Pangilinan's Metro Pacific Investment Corporation in 2016.

5 regional airport PPP deals attract more honchos

Mar 13, 2017 - 4:02 PM

Companies led by Jaime Augusto Zobel de Ayala Lucio Tan Manuel V Pangilinan Erramon Aboitiz Ramon Ang Andrew Gotianun and Manuel Louie Ferrer are interested

1ST PPP CALL. These 5 airport PPP deals –€“ cumulatively worth some P108.9 billion – were previously rolled out under the administration of former president Benigno Aquino III. Rappler file photo

MVP group plans to build children's hospital in Metro Manila

Mar 05, 2017 - 11:15 PM

Metro Pacific chief Manuel V Pangilinan says there is a huge market for children s care

HOSPITAL GROUP. Metro Pacific Investment Corporation's hospital units include the Makati Medical Center and its College of Nursing. Screen grab from Makati Medical Center's online virtual tour

Metro Pacific sustains double-digit income growth despite tariff issues

Mar 01, 2017 - 8:20 PM

The overdue hike adjustment is not stopping the infrastructure conglomerate from expanding its businesses with MPIC almost doubling its capital spending budget to P79 billion this year

2017 OUTLOOK. 'While it is too early to give earnings guidance for the year, it is self-evident that returns to shareholders, who have so far supported our extensive level of investment, will depend on the resolution of our long-pending tariff issues,' MPIC chief Manuel V. Pangilinan says. Photo by Martin San Diego/Rappler

Metro Pacific's French partner backs out from regional airports PPP

Mar 01, 2017 - 6:05 PM

With Aeroports de Paris backing out Metro Pacific says it will first look for a new foreign partner then evaluate its participation in the regional airport deals

BACKS OUT. Rather than take the risk, Metro Pacific says Aeroports de Paris decides to withdraw from the consortium. Rappler file photo

Senators convinced 'best' location achieved for MRT-LRT common station

Feb 13, 2017 - 7:00 PM

But the Senate committee wants someone to be held liable for the P200 million naming rights contract of SM Prime which caused the almost 8 year delay of the project

PROBE INTO COMMON STATION. Senator Grace Poe, chair of the Committee on Public Services on Monday, February 13, 2017, leads probe into the MRT-LRT Common Station deal. Senators JV Ejercito and Sherwin Gatchalian also attended the hearing. PRIB Photo by Cesar Tomambo.

Maynilad pours P13B into water services expansion, infrastructure

Feb 07, 2017 - 5:10 PM

The water company expects to generate around 40 549 jobs from its capital spending budget program this year despite delays in the implementation of its arbitral award

TARIFF HIKE DELAYS. This capital expenditures for water infrastructure development are implemented despite delays in arbitral award, granting Maynilad a tariff adjustment

LOOK: The newly-renovated LRT1 Doroteo Jose Station

Feb 06, 2017 - 7:14 PM

Light Rail Manila s directive is to rehabilitate the 20 stations and train cars of LRT1 in 18 months and extend the line from Baclaran to Bacoor Cavite

PREPS FOR THE FUTURE. Light Rail Manila, operator of LRT1, launches its newly renovated Doroteo Jose Station in Sta. Cruz, Manila. All photos from Light Rail Manila Consortium

LRT1 operator to start Cavite extension in late February

Feb 06, 2017 - 4:05 PM

LRMC the operator of LRT1 takes on French companies Bouygues Travaux Publics and Alstom Transport Private Limited to help build the LRT1 Cavite extension

RENOVATION, EXTENSION. On Monday, February 6, 2017, LRMC launched the newly renovated Doroteo Jose station in Sta. Cruz, Manila. Photo by Light Rail Manila Consortium

MPIC taking over Delgado hospital in Quezon City

Feb 01, 2017 - 7:09 PM

To date Metro Pacific has poured in more than P12 billion of capital expenditures into the hospital industry with approximately 2 700 beds throughout the country

12TH HOSPITAL. The Delgado hospital in Quezon City is MPIC's 12th medical facility under its portfolio. Screenshot from www.mpic.com.ph

Metro Pacific to spend around P60 billion in 2017

Jan 18, 2017 - 7:00 PM

The P60 billion programmed spending does not include acquisitions and new projects that Metro Pacific may acquire through bidding

The country's top honchos, Manuel V. Pangilinan, Ramon S. Ang, Hans Sy, and Jaime Augusto Zobel de Ayala, come together to sign a Memorandum of Agreement fixing the squabble on the MRT-LRT Common Station deal, Wednesday, January 18, at the Dusit Hotel in Makati City.

Duterte hosts intimate dinner for top businessmen

Jan 18, 2017 - 4:40 PM

The 3 hour dinner is organized by former president and now Deputy Speaker Gloria Macapagal Arroyo and Presidential Consultant for Entrepreneurship Joey Concepcion

DINNER WITH BUSINESSMEN. President Rodrigo Duterte hosts a dinner for the country's top businessmen on January 17, 2017. Photo by Rey Baniquet/Presidential Photo

Commercial operations for MRT-LRT Common Station eyed in April 2019

Jan 18, 2017 - 2:50 PM

Rarely seen together the country s top businessmen come to agree on the final location of the Metro Rail Transit MRT Light Rail Transit LRT Common Station project

ENDING DEADLOCK. The country's top honchos, Manuel V. Pangilinan, Ramon S. Ang, Hans Sy, and Jaime Augusto Zobel de Ayala, come together to sign a Memorandum of Agreement ending the squabble on the MRT-LRT Common Station deal, Wednesday, January 18, at the Dusit Hotel in Makati City. Photo by Martin San Diego/Rappler

MVP's Metro Pacific proposes Sangley-Cavitex expressway

Jan 04, 2017 - 7:10 PM

The complete project proposal for the 9 80 kilometer 4 lane divided expressway is underway

THE LINK. This is an 'expressway proposed as a replacement to the original Segment 5 alignment which was taken over by the DPWH and now designated as the Centennial Road,' a project brief shown by the MVP group reads. Rappler file photo

MRT-LRT common station to be done in 2.5 years – DOTr

Dec 22, 2016 - 9:40 PM

Transportation Secretary Arthur Tugade says the signing of the compromise agreement on the common station is expected before 2016 ends

HAMPERING MASS TRANSIT. The stay order on the transfer of the site of the common station is barring the construction of the MRT7 and design work for the common station project that has been bundled with the LRT1 Cavite Extension project. SM North City EDSA and TriNoma photos from Ramon F. Velasquez

Free LRT1 rides for senior citizens, PWDs this Christmas

Dec 04, 2016 - 9:40 PM

The free rides will be available on all weekends and holidays from December 3 2016 to January 8 2017 in all LRT1 stations

EXTENSION. The LRT1 has an average daily ridership of 400,000 commuters from Baclaran in Pasay City to Roosevelt in Quezon City. Screenshot from Rappler

MVP open to partnering with Sy or Ang for new Manila airport

Nov 28, 2016 - 12:40 AM

One thing is sure – the Philippines needs a new airport to ease congestion at the NAIA

UPGRADED. The NAIA Terminal 1's improved check-in lobby. Photo from Department of Transportation