Metro Pacific Investments

Metro Pacific Investments Corporation

Company type	Privately-held investment company
Founded	March 20, 2006;19 years ago (2006-03-20)
Headquarters	9th Floor, Tower One, Rockwell Business Center, Ortigas Avenue, Ortigas Center, Brgy. Ugong, 1604, Pasig , Philippines
Area served	Philippines
Key people	Manuel V. Pangilinan [1] (Chairman) Alfred V. Ty (Vice Chairman) Jose K. Ma. Lim (President & CEO) [1]
Revenue	PHP50.88 billion (2022)
Operating income	PHP16.94 billion (2022)
Net income	PHP13.14 billion (2022)
Total assets	PHP643.8 billion (2022)
Total equity	PHP245.04 billion (2022)
Owner	Metro 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)
Parent	First Pacific Company Limited
Subsidiaries	DMCI-MPIC Water Company, Inc. Metro Pacific Tollways Corporation Neo Oracle Holdings Inc. Beacon Electric Asset Holdings Inc.
Website	www.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. ^{[3] [4] [5]} 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 but now deregistered ^[6] juridical entity "Metro Pacific Corporation". ^{[7] [8] [9] [10] [11]}

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. ^[12]

As initially hinted at on late April 2023 ^[13] , the company formally filed on August 2023 for voluntary delisting from the Philippine Stock Exchange (PSE). ^[14] 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. ^{[15] [16]}

Subsidiaries

Water

• Maynilad Water Holding Company Inc.
  • Maynilad Water Services - 83.96% controlling stake^{[ citation needed ]}
• Metropac Water Investments Corporation
  • Manila Water Consortium Inc.
    • Cebu Manila Water Development Inc.
  • Tuan Loc Water Resources Investment Joint Stock Company (Vietnam) - 49% ^[17]
  • Metro Pacific Iloilo Water (MPIW) ^[18]

Power

• Manila Electric Company (MERALCO) - holds 10.5% direct stake
  • Radius Telecoms, Inc. - 100% owned
• Beacon Electric Asset Holdings Inc. ^[19]

A special purpose company formed 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 ^[20] . In 2017, PLDT sold all of its shares in Beacon to MPIC ^[19] .

• • Manila Electric Company (MERALCO) - 35% stake (as of 2017)
  • San Miguel Global Business Power (GBP) - 56% (as of 2017)

Infrastructure / Transport

• MPIC Infrastructure Holdings Limited (BVI)
• Metro Pacific Tollways Corporation
  • NLEX Corporation
    • North Luzon Expressway
    • NLEX Harbor Link
    • NLEX Connector
    • Subic–Clark–Tarlac Expressway
    • Easytrip Services Corporation
  • MPT South
    • Manila–Cavite Expressway
    • Cavite–Laguna Expressway
  • Cebu–Cordova Link Expressway
• Metro Pacific Light Rail Corp.
  • Light Rail Manila Corporation - a joint venture railway company with Ayala Corporation along with Macquarie Infrastructure that operates the Manila Line 1 under a 32-year concession agreement with the Light Rail Transit Authority

Logistics

• MetroPac Logistics Company, Inc.
  • Metropac Movers, Inc. (MMI)

Healthcare

• Metro Pacific Hospital Holdings, Inc. (MPHHI) - holds 43.1% stake and management control ^[21]
  • Luzon
    • East Manila Hospital Managers Corporation (EMHMC)
      • Our Lady of Lourdes Hospital, Manila (20-year lease through EMHMC)
    • Asian Hospital and Medical Center , Muntinlupa (86% stake)
    • Colinas Verdes Hospital Managers Corporation (CVHMC)
      • Cardinal Santos Medical Center, San Juan
    • Medical Doctors Inc.
      • Makati Medical Center (33% stake), Makati
    • Sacred Heart Hospital of Malolos (51% stake), Malolos City, Bulacan
    • Manila Doctors Hospital (20% stake), Manila
    • Marikina Valley Medical Center (93% stake)
    • De Los Santos Medical Center (51% stake), Quezon City
    • Delgado Memorial Hospital (65% stake), Quezon City
    • Central Luzon Doctors Hospital, Tarlac City
    • UHBI-Parañaque Doctors Hospital ^[22]
    • Los Baños Doctors Hospital and Medical Center ^[23]
    • Diliman Doctors Hospital, Inc. (DDHI) ^[24]
    • City of General Trias Doctors Medical Center Inc. (Gentri Docs) ^[25]
  • Visayas
    • The Riverside Medical Center Inc., Bacolod
    • Ramiro Community Hospital, Tagbilaran
  • Mindanao
    • Davao Doctors Hospital Inc. (“DDH”)
      • Davao Doctors Hospital (34% stake)
    • West Metro Medical Center, Zamboanga City
    • St. Elizabeth Hospital, General Santos City (80% stake)
    • Manuel J. Santos Hospital, Butuan
    • San Francisco Doctors Hospital, Inc. (SFDH), Agusan del Sur ^[26]

• Metro Pacific Health Tech Corporation
  • In July 2021, MPIC launched its first high-performance mobile app, called mWell PH. ^[27]

Food and Beverage

• Metro Pacific Agro Ventures, Inc.
  • The Laguna Creamery Inc. (51% stake)
  • Axelum Resources Corp (34.8% ^{[28] [29] [30]} )
  • Universal Harvester Dairy Farms Incorporated (UHDFI) - Bukidnon Milk Company ^{[31] [32]}
• Metro Pacific Coconut Holdings Corporation ^{[33] [34]}
  • Franklin Baker Group of Companies

Real Estate

• Landco Pacific Corporation
• Metro Vantage Properties, Inc.

Financial Institutions

• Maya Bank

Schools

• Davao Doctors College, Davao City
• Riverside College (Philippines), Bacolod City

Others

• Viva Communications (2.89%)^{[ citation needed ]}
• IdeaSpace Foundation (QBO Philippines - startup incubator based in Makati City) ^[35]
• Metro Pacific Resource Recovery Corporation
• MetroPac Apollo Holding, Inc.

Divestments

• Steniel Manufacturing Corporation (PSE:STN) ^{[36] [37] [38]}
• Metro Rail Transit Corporation ^[39]
• First e-Bank (sold to BDO Unibank) ^[40]

References

1. "Metro Pacific expects net income to rise 30%". Manila, Philippines: The Philippine Star . Retrieved May 23, 2010.
2. 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. "General information sheet (GIS) - Metro pacific investments corporation" (PDF). www.mpic.com.ph.
5. @frustratedDoe (January 8, 2025). "and also could be said being #RelatedParty. #ForExample Por ejemplo..." (Tweet) – via Twitter.
6. https://checkwithsec.sec.gov.ph
7. https://www.firstpacific.com/media/normal/15812_ep010628.pdf
8. https://www.philstar.com/business/2002/11/26/185485/metro-pacific-still-biggest-landowner-global-city
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. https://bangkokpe.dfa.gov.ph/the-secretary-of-foreign-affairs
11. https://s3.amazonaws.com/arena-attachments/656688/32d19f73069cdaaeb4dcc64bccf385bd.pdf
12. "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.
13. https://www.philstar.com/business/2023/04/27/2262048/metro-pacific-delist-philippine-stock-exchange
14. "Metro Pacific formally files voluntary delisting with PSE". ABS-CBN News. August 9, 2023. Retrieved November 8, 2023.
15. "Ramon Ang joins Metro Pacific board". Philippine Daily Inquirer. October 24, 2023. Retrieved November 8, 2023.
16. "SMC's Ang takes a seat in Metro Pacific board". Philippine Star. October 24, 2023. Retrieved November 8, 2023.
17. Gonzales, Iris (April 3, 2018). "MPIC acquires 49% of Vietnam water firm". The Philippine Star. Retrieved April 6, 2018.
18. "MPIW defends tariff adjustment, says increase to sustain operations - BusinessWorld Online". www.bworldonline.com. Retrieved December 2, 2025.
19. https://www.rappler.com/business/172905-pldt-sells-remaining-stake-beacon-metro-pacific-investments
20. https://www.philstar.com/business/2010/05/09/573154/piltel-changes-name-business-focus-shifts
21. "Metro Pacific Hospitals raises $684m from KKR and GIC". Nikkei Asian Review. October 15, 2019. Retrieved September 4, 2020.
22. "Metro Pacific Health invests in UHBI-Parañaque Doctors". Manila Standard. May 7, 2024. Retrieved May 8, 2024.
23. Doris Dumlao-Abadilla (February 20, 2020). "Metro Pacific takes over Los Baños hospital". inquirer.net. Retrieved September 14, 2024.
24. "Metro Pacific Investments Corporation on LinkedIn: #wearempic #healthcare #hospitals #metropacifichealth…".
25. "Metro Pacific Investments Corporation on LinkedIn: #wearempic #healthcare #hospitals #metropacifichealth…". www.linkedin.com. Retrieved November 27, 2024.
26. "Metro Pacific Investments Corporation on LinkedIn: #wearempic #healthcare #hospitals #metropacifichealth…".
27. "MPIC to transform healthcare delivery with mWELL, PH's first fully integrated health & wellness app". Sunstar. July 1, 2021. Retrieved September 2, 2021.
28. https://www.mpic.com.ph/metro-pacific-agro-ventures-invests-in-coconut-industry-through-₱5-3-billion-strategic-partnership-with-axelum-resources-corp/
29. https://www.philstar.com/business/2025/01/15/2414191/axelum-gears-aggressive-growth
30. https://axelum.ph/blog/metro-pacific-buys-stake-in-coconut-exporter-axelum-resources-for-p5-3b/
31. KAYCEE VALMONTE (August 1, 2024). "Metro Pacific expands dairy business with Bukidnon Milk Company". Rappler. Retrieved September 14, 2024.
32. "Metro Pacific Investments Corporation on LinkedIn: #agribusiness #wearempic #mpav #metropacificdairy #bukidnonmilkcompany…".
33. https://x.com/bilyonaryo_ph/status/1996227933472465203
34. https://business.inquirer.net/561926/franklin-baker-beefs-up-mpic-coconut-business
35. "MVP Group's IdeaSpace names Alwyn Rosel as Executive Director, succeeding Jay Fajardo". theindependentinvestor.ph. Retrieved December 2, 2025.
36. https://www.firstpacific.com/media/normal/15836_ep001031.pdf
37. https://qa.philstar.com/business/2000/11/01/98713/metro-pacific-sells-steniel-p4255-m
38. https://bilyonaryo.com/2024/04/29/back-from-the-dead-steniel-gets-pse-green-light-to-resume-trading-after-18-year-suspension/business/
39. http://www.rappler.com/business/industries/208-infrastructure/65175-government-compromise-mrtc-mrt-3-takeover
40. https://www.philstar.com/business/2002/09/28/177693/sm146s-banco-de-oro-buy-first-e-bank

External links

• Media related to Metro Pacific Investments Corporation at Wikimedia Commons
• Metro Pacific Inverstments Corporation - Official website