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, ,
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.[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.
  • 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].

Infrastructure / Transport

Logistics

Healthcare

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

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) [37]
  • 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. ^ 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. ^ a b 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://business.inquirer.net/351552/metro-pacific-scoops-up-premium-ice-cream-maker-carmens-best
  29. ^ https://www.mpic.com.ph/metro-pacific-agro-ventures-invests-in-coconut-industry-through-₱5-3-billion-strategic-partnership-with-axelum-resources-corp/
  30. ^ https://www.philstar.com/business/2025/01/15/2414191/axelum-gears-aggressive-growth
  31. ^ https://axelum.ph/blog/metro-pacific-buys-stake-in-coconut-exporter-axelum-resources-for-p5-3b/
  32. ^ https://www.esquiremag.ph/money/industry/axelum-resources-stock-analysis-2025-a7445-20251028-lfrm2
  33. ^ KAYCEE VALMONTE (August 1, 2024). "Metro Pacific expands dairy business with Bukidnon Milk Company". Rappler. Retrieved September 14, 2024.
  34. ^ "Metro Pacific Investments Corporation on LinkedIn: #agribusiness #wearempic #mpav #metropacificdairy #bukidnonmilkcompany…".
  35. ^ https://x.com/bilyonaryo_ph/status/1996227933472465203
  36. ^ https://business.inquirer.net/561926/franklin-baker-beefs-up-mpic-coconut-business
  37. ^ "MVP Group's IdeaSpace names Alwyn Rosel as Executive Director, succeeding Jay Fajardo". theindependentinvestor.ph. Retrieved December 2, 2025.
  38. ^ https://www.firstpacific.com/media/normal/15836_ep001031.pdf
  39. ^ https://qa.philstar.com/business/2000/11/01/98713/metro-pacific-sells-steniel-p4255-m
  40. ^ https://bilyonaryo.com/2024/04/29/back-from-the-dead-steniel-gets-pse-green-light-to-resume-trading-after-18-year-suspension/business/
  41. ^ http://www.rappler.com/business/industries/208-infrastructure/65175-government-compromise-mrtc-mrt-3-takeover
  42. ^ https://www.philstar.com/business/2002/09/28/177693/sm146s-banco-de-oro-buy-first-e-bank
  • Media related to Metro Pacific Investments Corporation at Wikimedia Commons
  • Metro Pacific Inverstments Corporation - Official website