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Metro Pacific Investments

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Metro Pacific Investments Corporation
Company type
Privately-held investment company
FoundedMarch 20, 2006; 20 years ago (2006-03-20)
Headquarters9th Floor, Tower One, Rockwell Business Center, Ortigas Avenue, Ortigas Center, Brgy. Ugong, 1604,
Pasig
,
Philippines
Area served
Philippines
Key people
RevenueIncrease PHP50.88 billion (2022)
Increase PHP16.94 billion (2022)
Increase PHP13.14 billion (2022)
Total assetsIncrease PHP643.8 billion (2022)
Total equityIncrease PHP245.04 billion (2022)
OwnerMetro Pacific Holdings, Inc. (46.28%)[2]
GT Capital (18%)
Mit-Pacific (14.51%)
Government Service Insurance System (11.56%)
MIG Holdings (of Manny V. Pangilinan)(7.10%)
Social Security System(1.78%)
Ramon S. Ang (undisclosed)
ParentFirst Pacific Company Limited
SubsidiariesDMCI-MPIC Water Company, Inc.
Metro Pacific Tollways Corporation
Neo Oracle Holdings Inc.
Beacon Electric Asset Holdings Inc.
Websitewww.mpic.com.ph

Metro Pacific Investments Corporation (MPIC) is a Philippine unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc.[2][3][4] MPIC through its subsidiaries, provides water, sanitation, and sewerage services and also operates in real estate, and infrastructure projects. It also invests in some hospitals in the Philippines.

History

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First Pacific's Philippine investment holding interests other than that of PLDT and Philex Mining were in the distinct, similarly-named juridical entity "Metro Pacific Corporation" (MPC) [5][6][7][8][9][10][11] now renamed to "Neo Oracle Holdings, Inc." .[12][13] This included the creation, master planning and development of Bonifacio Global City[14] before selling out to Ayala Land and Campos groups.[15]

As part of MPC's corporate rehabilitation, recapitalization and reorganization program, MPIC, an entirely new entity was created in March 2006. Through matters such as share swaps, shareholders of MPC became the shareholders of MPIC, and MPC became a subsidiary of MPIC - the Board of Directors and executive management of both ended up being essentially the same as it was before the program. MPIC was intended to emerge as a new, debt-free investment company to continually expand the real estate business of MPC thru Landco, raise new capital from existing and new investors and make new investments in infrastructure amongst others. MPIC thereafter directly owned a majority of Landco and of MPC. The latter, now as Neo Oracle, continues to exist as an unlisted corporate entity (used to own certain other assets that were eventually divested off) as of 2020[16]

In May 2016, over ten years later after MPIC's incorporation, GT Capital Holdings Inc. (GTCAP, parent of Metropolitan Bank and Trust Company among other business of the Ty family), acquired 15.6 percent of MPIC, which will, in turn, buy control over GTCAP's Global Business Power Corporation in a deal worth PHP 29.89 billion. GTCAP acquired 3.6 billion new common shares in MPIC at PHP 6.10 per share amounting to a stake of 11.4 percent on an expanded capital base for a total cash consideration of PHP 21.96 billion. It also acquired a further 1.3 billion common shares in MPIC from Metro Pacific Holdings, Inc. (MPHI), MPIC immediate parent company and a Philippine affiliate of First Pacific, at the same price, for a total of PHP 7.93 billion in cash. These transactions resulted in GTCAP holding an overall stake of 15.6 percent of the common share capital of MPIC in a new business alliance between the two business groups.[17]

As initially hinted at on late April 2023,[18] the company formally filed on August 2023 for voluntary delisting from the Philippine Stock Exchange (PSE).[19] The company completed its tender offer on September 19, acquiring 5.46 billion common shares equivalent to 19% of the company and was eventually delisted effective October 9. Eight days later on October 17, Ramon S. Ang was elected a member of the company's board of directors after making a direct investment in MPIC. However, the size of Ang's investment was not disclosed.[20][21]

Subsidiaries

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Water

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  • Maynilad Water Holding Company Inc.
  • Metropac Water Investments Corporation
    • Manila Water Consortium Inc.
      • Cebu Manila Water Development Inc.
    • Tuan Loc Water Resources Investment Joint Stock Company (Vietnam) - 49%[22]
    • Metro Pacific Iloilo Water (MPIW)[23]

Power

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BEACON is a special purpose company formed in early 2010[28][29][30] by the consortium of sister company PLDT and PLDT Communication and Energy Ventures (formerly Piltel, itself owned by PLDT) whose sole purpose is to hold the group's shares in MERALCO.[31] On May 30, 2016, Bloomberg reported that PLDT would sell its shares in Beacon to MPIC in order to fund the jont-venture with Globe to acquire the 700 MHz spectrum from San Miguel Corporation.[32] It indeed did that the next year.[25]

Infrastructure / Transport

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Logistics

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Healthcare

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Food and Beverage

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Real Estate

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  • Landco Pacific Corporation
  • Metro Vantage Properties, Inc.

Finance

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Education

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Others

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Divestments

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References

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  1. ^ a b "Metro Pacific expects net income to rise 30%". Manila, Philippines: The Philippine Star. Retrieved May 23, 2010.
  2. ^ a b Pilares III, Ricardo (June 26, 2025). "Metro Pacific Investments Corporation General Information Sheet (GIS) 2025" (PDF).
  3. ^ Metro Pacific Investments Corporation retrieved May 2, 2013
  4. ^ @frustratedDoe (January 8, 2025). "and also could be said being #RelatedParty. #ForExample Por ejemplo..." (Tweet) – via X (formerly Twitter).
  5. ^ FIRST PACIFIC SHAREHOLDERS APPROVE CONSOLIDATION OF INVESTMENTS IN PLDT; METRO PACIFIC FOCUSES ON PROPERTY (PDF) (Report). August 10, 2000. Retrieved April 19, 2026.
  6. ^ "Acquisitions boost net profit of Metro Pacific". South China Morning Post. February 15, 1994.
  7. ^ "METRO PACIFIC SUBSIDIARY TO SELL DEVELOPMENT RIGHTS IN GLOBAL CITY'S NORTHERN CBD" (PDF) (Press release). Metro Pacific Corporation. June 28, 2001. Retrieved April 19, 2026.
  8. ^ "Metro Pacific still biggest landowner in Global City". Philstar.com.
  9. ^ Chua, Johnson (November 1997). Telecommunications Industry in the Philippines (PDF) (Report). Singapore. ISBN 1-876238-16-X. Retrieved April 19, 2026.
  10. ^ "The Secretary of Foreign Affairs". bangkokpe.dfa.gov.ph.
  11. ^ Roxas, Sixto K. (2013). Yotoko, Eduardo A. (ed.). Bancom Memoirs (PDF). PLDT-Smart Foundation, Inc and Bancom Alumni, Inc. (BaLi).
  12. ^ "Metro Pacific Corporation [now Neo Oracle Holdings, Inc.] v. Commissioner of Internal Revenue". cta.judiciary.gov.ph. Archived from the original on August 10, 2022. Retrieved April 19, 2026.
  13. ^ Morales, Neil Jerome C. "Prime Media placed under new mgm't". Philstar.com.
  14. ^ "Metro Pacific to develop prime Manila land - UPI Archives". UPI.
  15. ^ "ALI, Campos group finalize$90-M deal with MPC | Philstar.com". www.philstar.com. Retrieved February 27, 2026.
  16. ^ "MPIC-2020-GIS_Redacted.pdf" (PDF). Metro Pacific Investments Corporation. September 21, 2020. Retrieved April 19, 2026.
  17. ^ "Ty family invest P29.89B in MPIC in exchange for control over power unit". Manila Bulletin. Archived from the original on May 30, 2016. Retrieved October 4, 2016.
  18. ^ "Metro Pacific to delist from Philippine Stock Exchange". Philstar.com.
  19. ^ "Metro Pacific formally files voluntary delisting with PSE". ABS-CBN News. August 9, 2023. Retrieved November 8, 2023.
  20. ^ "Ramon Ang joins Metro Pacific board". Philippine Daily Inquirer. October 24, 2023. Retrieved November 8, 2023.
  21. ^ "SMC's Ang takes a seat in Metro Pacific board". Philippine Star. October 24, 2023. Retrieved November 8, 2023.
  22. ^ Gonzales, Iris (April 3, 2018). "MPIC acquires 49% of Vietnam water firm". The Philippine Star. Retrieved April 6, 2018.
  23. ^ "MPIW defends tariff adjustment, says increase to sustain operations - BusinessWorld Online". www.bworldonline.com. Retrieved December 2, 2025.
  24. ^ Esmael, Lisbet K. (January 14, 2026). "SPNEC distances itself from Leviste's power firm anew". INQUIRER.net.
  25. ^ a b Paz, Chrisee De La (June 14, 2017). "PLDT sells remaining stake in Beacon to MPIC".
  26. ^ "Metpower Venture Partners". Metro Pacific Investments Corporation. Retrieved April 20, 2026.
  27. ^ Loyola, James A. (April 8, 2025). "MPIC's MetPower targets December 2026 for Iloilo integrated waste facility operation". Manila Bulletin. Retrieved April 20, 2026.
  28. ^ "Overseas Regulatory Announcement" (PDF). First Pacific Company. March 1, 2010. Retrieved April 19, 2026.
  29. ^ "First Pacific Cir E.indb" (PDF). HKEXnews. March 13, 2010. Retrieved April 19, 2026.
  30. ^ "PLDT fund sells $94 million worth of Metro Pacific shares | FinanceAsia". www.financeasia.com. Retrieved February 27, 2026.
  31. ^ "Piltel changes name as business focus shifts". Philstar.com.
  32. ^ "San Miguel Ends Telco Push With $1.5 Billion 'Master Stroke'". Bloomberg.com. Archived from the original on April 7, 2022. Retrieved January 27, 2026.
  33. ^ Rosales, Elijah Felice. "'GOCC suing Cavitex operator lacks authority'". Philstar.com. Retrieved April 19, 2026.
  34. ^ "Metro Pacific Hospitals raises $684m from KKR and GIC". Nikkei Asian Review. October 15, 2019. Retrieved September 4, 2020.
  35. ^ "Metro Pacific Health invests in UHBI-Parañaque Doctors". Manila Standard. May 7, 2024. Retrieved May 8, 2024.
  36. ^ Doris Dumlao-Abadilla (February 20, 2020). "Metro Pacific takes over Los Baños hospital". inquirer.net. Retrieved September 14, 2024.
  37. ^ "Metro Pacific Investments Corporation on LinkedIn: #wearempic #healthcare #hospitals #metropacifichealth…".
  38. ^ "Metro Pacific Investments Corporation on LinkedIn: #wearempic #healthcare #hospitals #metropacifichealth…". www.linkedin.com. Retrieved November 27, 2024.
  39. ^ "Metro Pacific Investments Corporation on LinkedIn: #wearempic #healthcare #hospitals #metropacifichealth…".
  40. ^ "MPIC to transform healthcare delivery with mWELL, PH's first fully integrated health & wellness app". Sunstar. July 1, 2021. Retrieved September 2, 2021.
  41. ^ Camus, Miguel R. (June 28, 2022). "Metro Pacific scoops up premium ice cream maker Carmen's Best". INQUIRER.net.
  42. ^ "Metro Pacific Agro Ventures invests in coconut industry through ₱5.3 billion strategic partnership with Axelum Resources Corp". December 19, 2023.
  43. ^ Mercurio, Richmond. "Axelum gears up for aggressive growth". Philstar.com.
  44. ^ "Metro Pacific buys stake in coconut exporter Axelum Resources for P5.3B - Axelum Resources". February 27, 2023.
  45. ^ "Financial Adviser: 5 Things to Know About Romeo Chan's Axelum Resources Corp in 2025 and How You Can Profit from It". Esquiremag.ph.
  46. ^ KAYCEE VALMONTE (August 1, 2024). "Metro Pacific expands dairy business with Bukidnon Milk Company". Rappler. Retrieved September 14, 2024.
  47. ^ "Metro Pacific Investments Corporation on LinkedIn: #agribusiness #wearempic #mpav #metropacificdairy #bukidnonmilkcompany…".
  48. ^ "Bilyonaryo on X". X (formerly Twitter). Archived from the original on December 19, 2025. Retrieved January 27, 2026.
  49. ^ Esmael, Lisbet K. (December 4, 2025). "Franklin Baker beefs up MPIC coconut business". INQUIRER.net.
  50. ^ "MVP Group's IdeaSpace names Alwyn Rosel as Executive Director, succeeding Jay Fajardo". theindependentinvestor.ph. Retrieved December 2, 2025.
  51. ^ "MPIC 2024 General Information Sheet" (PDF). Metro Pacific Investments Corporation. April 15, 2025. Retrieved April 20, 2026.
  52. ^ "First Pacific's Metro Pacific Announces Sale of Steniel for Pesos 425.5 Million" (PDF) (Press release). Metro Pacific Corporation. October 31, 2000. Retrieved April 19, 2026.
  53. ^ "Metro Pacific sells Steniel for P425.5 M". Philstar.com.
  54. ^ "Back from the dead: Steniel gets PSE green light to resume trading after 18-year suspension". Archived from the original on April 29, 2024. Retrieved February 27, 2026.
  55. ^ Ranada, Pia (August 4, 2014). "Gov't eyes compromise with MRTC for takeover of MRT 3".
  56. ^ Jr, Christina Mendez, Conrado Diaz. "SM's Banco de Oro to buy First e-Bank". Philstar.com.{{cite web}}: CS1 maint: multiple names: authors list (link)
  57. ^ "Overseas regulatory announcement" (PDF). Archived from the original (PDF) on March 26, 2015.
  58. ^ "Metro Pacific may spin off Nenaco into separate entity". Philstar.com. Retrieved April 19, 2026.
  59. ^ "Overseas Regulatory Announcement" (PDF). First Pacific Company. December 22, 2006. Retrieved April 19, 2026.
  60. ^ Leon, Patricia de (December 21, 2006). "MPIC dumps 87.3% of ailing Nenaco". GMA News Online. Retrieved April 19, 2026.
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