Metro Pacific Investments

Metro Pacific Investments Corporation
Company typePrivately-held investment company
FoundedMarch 20, 2006 (2006-03-20)
Headquarters9th Floor, Tower One, Rockwell Business Center, Ortigas Avenue, Ortigas Center, Brgy. Ugong, 1604,
Pasig
,
Philippines
Area served
Philippines
Key people
Revenue PHP50.88 billion (2022)
PHP16.94 billion (2022)
PHP13.14 billion (2022)
Total assets PHP643.8 billion (2022)
Total equity 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

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" [5][6][7][8][9][10][11] now renamed to "Neo Oracle Holdngs, Inc."[12]. This included the creation, masterplanning and development of Bonifacio Global City[13] before selling out to Ayala Land and Campos groups[14].

In May 2016, GT Capital Holdings Inc. (GTCAP) 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. T 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), a Philippine affiliate of First Pacific, at the same price, for a total of PHP 7.93 billion in cash. These transactions resulted in GT Capital 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.[15]

As initially hinted at on late April 2023[16], the company formally filed on August 2023 for voluntary delisting from the Philippine Stock Exchange (PSE).[17] 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.[18][19]

Subsidiaries

Water

  • 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%[20]
    • Metro Pacific Iloilo Water (MPIW)[21]

Power

A special purpose company formed in early 2010 [24][25] [26] 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.[27] 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 700MHz spectrum from San Miguel Corporation.[28] It indeed did that the next year.[23]

Infrastructure / Transport

Logistics

Healthcare

  • Metro Pacific Health Tech Corporation
    • In July 2021, MPIC launched its first high-performance mobile app, called mWell PH.[35]

Food and Beverage

Real Estate

  • Landco Pacific Corporation
  • Metro Vantage Properties, Inc.

Finance

Education

Others

  • Viva Communications (2.89%)
  • IdeaSpace Foundation (QBO Philippines - startup incubator based in Makati City) [45]
  • Metro Pacific Resource Recovery Corporation
  • MetroPac Apollo Holding, Inc.

Divestments

References

  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. ^ https://www.firstpacific.com/media/normal/15845_ep000810.pdf
  6. ^ "Acquisitions boost net profit of Metro Pacific". South China Morning Post. February 15, 1994.
  7. ^ https://www.firstpacific.com/media/normal/15812_ep010628.pdf
  8. ^ "Metro Pacific still biggest landowner in Global City". Philstar.com.
  9. ^ https://www.apec.org/docs/default-source/publications/1998/11/the-impact-of-liberalization-telecommunication-industry-in-the-philippines/98_cti_libimpacttel.pdf
  10. ^ "The Secretary of Foreign Affairs". bangkokpe.dfa.gov.ph.
  11. ^ https://s3.amazonaws.com/arena-attachments/656688/32d19f73069cdaaeb4dcc64bccf385bd.pdf
  12. ^ Morales, Neil Jerome C. "Prime Media placed under new mgm't". Philstar.com.
  13. ^ "Metro Pacific to develop prime Manila land - UPI Archives". UPI.
  14. ^ "ALI, Campos group finalize$90-M deal with MPC | Philstar.com". www.philstar.com. Retrieved February 27, 2026.
  15. ^ "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.
  16. ^ "Metro Pacific to delist from Philippine Stock Exchange". Philstar.com.
  17. ^ "Metro Pacific formally files voluntary delisting with PSE". ABS-CBN News. August 9, 2023. Retrieved November 8, 2023.
  18. ^ "Ramon Ang joins Metro Pacific board". Philippine Daily Inquirer. October 24, 2023. Retrieved November 8, 2023.
  19. ^ "SMC's Ang takes a seat in Metro Pacific board". Philippine Star. October 24, 2023. Retrieved November 8, 2023.
  20. ^ Gonzales, Iris (April 3, 2018). "MPIC acquires 49% of Vietnam water firm". The Philippine Star. Retrieved April 6, 2018.
  21. ^ "MPIW defends tariff adjustment, says increase to sustain operations - BusinessWorld Online". www.bworldonline.com. Retrieved December 2, 2025.
  22. ^ Esmael, Lisbet K. (January 14, 2026). "SPNEC distances itself from Leviste's power firm anew". INQUIRER.net.
  23. ^ a b Paz, Chrisee De La (June 14, 2017). "PLDT sells remaining stake in Beacon to MPIC".
  24. ^ https://www.firstpacific.com/media/normal/16941_ea100301.pdf
  25. ^ https://www.hkexnews.hk/listedco/listconews/sehk/2010/0312/ltn20100312148.pdf
  26. ^ "PLDT fund sells $94 million worth of Metro Pacific shares | FinanceAsia". www.financeasia.com. Retrieved February 27, 2026.
  27. ^ "Piltel changes name as business focus shifts". Philstar.com.
  28. ^ "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.
  29. ^ "Metro Pacific Hospitals raises $684m from KKR and GIC". Nikkei Asian Review. October 15, 2019. Retrieved September 4, 2020.
  30. ^ "Metro Pacific Health invests in UHBI-Parañaque Doctors". Manila Standard. May 7, 2024. Retrieved May 8, 2024.
  31. ^ Doris Dumlao-Abadilla (February 20, 2020). "Metro Pacific takes over Los Baños hospital". inquirer.net. Retrieved September 14, 2024.
  32. ^ "Metro Pacific Investments Corporation on LinkedIn: #wearempic #healthcare #hospitals #metropacifichealth…".
  33. ^ "Metro Pacific Investments Corporation on LinkedIn: #wearempic #healthcare #hospitals #metropacifichealth…". www.linkedin.com. Retrieved November 27, 2024.
  34. ^ "Metro Pacific Investments Corporation on LinkedIn: #wearempic #healthcare #hospitals #metropacifichealth…".
  35. ^ "MPIC to transform healthcare delivery with mWELL, PH's first fully integrated health & wellness app". Sunstar. July 1, 2021. Retrieved September 2, 2021.
  36. ^ Camus, Miguel R. (June 28, 2022). "Metro Pacific scoops up premium ice cream maker Carmen's Best". INQUIRER.net.
  37. ^ "Metro Pacific Agro Ventures invests in coconut industry through ₱5.3 billion strategic partnership with Axelum Resources Corp". December 19, 2023.
  38. ^ Mercurio, Richmond. "Axelum gears up for aggressive growth". Philstar.com.
  39. ^ "Metro Pacific buys stake in coconut exporter Axelum Resources for P5.3B - Axelum Resources". February 27, 2023.
  40. ^ "Financial Adviser: 5 Things to Know About Romeo Chan's Axelum Resources Corp in 2025 and How You Can Profit from It". Esquiremag.ph.
  41. ^ KAYCEE VALMONTE (August 1, 2024). "Metro Pacific expands dairy business with Bukidnon Milk Company". Rappler. Retrieved September 14, 2024.
  42. ^ "Metro Pacific Investments Corporation on LinkedIn: #agribusiness #wearempic #mpav #metropacificdairy #bukidnonmilkcompany…".
  43. ^ "Bilyonaryo on X". X (formerly Twitter). Archived from the original on December 19, 2025. Retrieved January 27, 2026.
  44. ^ Esmael, Lisbet K. (December 4, 2025). "Franklin Baker beefs up MPIC coconut business". INQUIRER.net.
  45. ^ "MVP Group's IdeaSpace names Alwyn Rosel as Executive Director, succeeding Jay Fajardo". theindependentinvestor.ph. Retrieved December 2, 2025.
  46. ^ https://www.firstpacific.com/media/normal/15836_ep001031.pdf
  47. ^ "Metro Pacific sells Steniel for P425.5 M". Philstar.com.
  48. ^ "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.
  49. ^ Ranada, Pia (August 4, 2014). "Gov't eyes compromise with MRTC for takeover of MRT 3".
  50. ^ 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)
  51. ^ "Overseas regulatory announcement" (PDF). Archived from the original (PDF) on March 26, 2015.
  • Media related to Metro Pacific Investments Corporation at Wikimedia Commons
  • Metro Pacific Inverstments Corporation - Official website
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