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Metro Pacific Investments

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" (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

Water

  • Maynilad Water Holding Company Inc.
  • Maynilad Water Services - 83.96% controlling stake
  • 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

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 700MHz spectrum from San Miguel Corporation.[32] It indeed did that the next year.[25]

Infrastructure / Transport

Logistics

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

Healthcare

  • Metro Pacific Hospital Holdings, Inc. (MPHHI) - holds 43.1% stake and management control[34]
  • 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[35]
  • Los Baños Doctors Hospital and Medical Center[36]
  • Diliman Doctors Hospital, Inc. (DDHI)[37]
  • City of General Trias Doctors Medical Center Inc. (Gentri Docs)[38]
  • 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[39]
  • Metro Pacific Health Tech Corporation
  • In July 2021, MPIC launched its first high-performance mobile app, called mWell PH.[40]

Food and Beverage

  • Metro Pacific Agro Ventures, Inc.
  • The Laguna Creamery Inc. (Carmen's Best Ice Cream - 51% stake[41])
  • Carmen’s Best Dairy Products, Inc.
  • Carmen’s Best International Dairy Co. Inc.
  • Real Fresh Dairy Farms Inc.
  • Axelum Resources Corp (34.8%[42][43][44][45])
  • Universal Harvester Dairy Farms Incorporated (UHDFI) - Bukidnon Milk Company[46][47]
  • Metro Pacific Coconut Holdings Corporation [48][49]
  • Franklin Baker Group of Companies

Real Estate

  • Landco Pacific Corporation
  • Metro Vantage Properties, Inc.

Finance

Education

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

Others

  • Viva Communications (2.89%)
  • IdeaSpace Foundation (QBO Philippines - startup incubator based in Makati City)[50]
  • Metro Pacific Resource Recovery Corporation
  • MetroPac Apollo Holding, Inc.
  • Fragrant Cedar Holdings, Inc.[51]

Divestments

External links

References

  1. Metro Pacific expects net income to rise 30% The Philippine Star, retrieved May 23, 2010^
  2. Ricardo Pilares III. Metro Pacific Investments Corporation General Information Sheet (GIS) 2025 2025-06-26^
  3. Metro Pacific Investments Corporation retrieved May 2, 2013^
  4. and also could be said being #RelatedParty. #ForExample Por ejemplo...^
  5. FIRST PACIFIC SHAREHOLDERS APPROVE CONSOLIDATION OF INVESTMENTS IN PLDT; METRO PACIFIC FOCUSES ON PROPERTY 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 Metro Pacific Corporation, June 28, 2001, retrieved April 19, 2026^
  8. Metro Pacific still biggest landowner in Global City Philstar.com^
  9. Johnson Chua. Telecommunications Industry in the Philippines November 1997, retrieved April 19, 2026^
  10. The Secretary of Foreign Affairs bangkokpe.dfa.gov.ph^
  11. Sixto K. Roxas. Bancom Memoirs PLDT-Smart Foundation, Inc and Bancom Alumni, Inc. (BaLi), 2013^
  12. Metro Pacific Corporation [now Neo Oracle Holdings, Inc.] v. Commissioner of Internal Revenue cta.judiciary.gov.ph, retrieved 2026-04-19^
  13. Neil Jerome C. Morales. 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 www.philstar.com, retrieved 2026-02-27^
  16. MPIC-2020-GIS_Redacted.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, 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. Iris Gonzales. MPIC acquires 49% of Vietnam water firm The Philippine Star, April 3, 2018, retrieved April 6, 2018^
  23. MPIW defends tariff adjustment, says increase to sustain operations - BusinessWorld Online www.bworldonline.com, retrieved 2025-12-02^
  24. Lisbet K. Esmael. SPNEC distances itself from Leviste’s power firm anew INQUIRER.net, January 14, 2026^
  25. Chrisee De La Paz. PLDT sells remaining stake in Beacon to MPIC June 14, 2017^
  26. Metpower Venture Partners Metro Pacific Investments Corporation, retrieved 2026-04-20^
  27. James A. Loyola. MPIC's MetPower targets December 2026 for Iloilo integrated waste facility operation Manila Bulletin, 2025-04-08, retrieved 2026-04-20^
  28. Overseas Regulatory Announcement First Pacific Company, March 1, 2010, retrieved April 19, 2026^
  29. First Pacific Cir E.indb HKEXnews, March 13, 2010, retrieved April 19, 2026^
  30. PLDT fund sells $94 million worth of Metro Pacific shares www.financeasia.com, retrieved 2026-02-27^
  31. Piltel changes name as business focus shifts Philstar.com^
  32. San Miguel Ends Telco Push With $1.5 Billion ‘Master Stroke’ Bloomberg.com, retrieved 2026-01-27^
  33. Elijah Felice Rosales. ‘GOCC suing Cavitex operator lacks authority’ Philstar.com, retrieved 2026-04-19^
  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. Metro Pacific takes over Los Baños hospital inquirer.net, February 20, 2020, 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 2024-11-27^
  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. Miguel R. Camus. Metro Pacific scoops up premium ice cream maker Carmen’s Best INQUIRER.net, June 28, 2022^
  42. Metro Pacific Agro Ventures invests in coconut industry through ₱5.3 billion strategic partnership with Axelum Resources Corp. December 19, 2023^
  43. Richmond Mercurio. 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. Metro Pacific expands dairy business with Bukidnon Milk Company Rappler, August 1, 2024, retrieved September 14, 2024^
  47. Metro Pacific Investments Corporation on LinkedIn: #agribusiness #wearempic #mpav #metropacificdairy #bukidnonmilkcompany…^
  48. Bilyonaryo on X X (formerly Twitter), retrieved 2026-01-27^
  49. Lisbet K. Esmael. Franklin Baker beefs up MPIC coconut business INQUIRER.net, December 4, 2025^
  50. MVP Group’s IdeaSpace names Alwyn Rosel as Executive Director, succeeding Jay Fajardo theindependentinvestor.ph, retrieved 2025-12-02^
  51. MPIC 2024 General Information Sheet 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 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 retrieved 2026-02-27^
  55. Pia Ranada. Gov't eyes compromise with MRTC for takeover of MRT 3 August 4, 2014^
  56. Christina Mendez,Conrado Diaz Jr. SM’s Banco de Oro to buy First e-Bank Philstar.com^
  57. Overseas regulatory announcement^
  58. Metro Pacific may spin off Nenaco into separate entity Philstar.com, retrieved 2026-04-19^
  59. Overseas Regulatory Announcement First Pacific Company, December 22, 2006, retrieved April 19, 2026^
  60. Patricia de Leon. MPIC dumps 87.3% of ailing Nenaco GMA News Online, 2006-12-21, retrieved 2026-04-19^