Metro Pacific allots P8 billion for agri business

Jekki Pascual, ABS-CBN News

MANILA - Metro Pacific Investments Corporation (MPIC) is allotting P8 billion for the expansion of its new unit, Metro Pacific Agro Ventures (MPAV) this year.At a media briefing in Pasig, MPIC Chief Finance Officer Chaye Cabal-Revilla said they intend to expand their agriculture portfolio this year. They are eyeing to make the agribusiness unit a core unit of MPIC similar to the size of Maynilad or Metro Pacific Health.<ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/02/20/23/phs-largest-vegetable-greenhouse-to-rise-in-bulacan'>MVP salad? Metro Pacific building PH's largest vegetable greenhouse in Bulacan</a></li></ul>She said the company wants to help in food security for the country. MPIC earlier sealed partnership deals with Carmen’s Best, Axelum Resources Corporation and a large vegetable greenhouse project is being constructed.At least two possible acquisitions are in talks. "There are also certain acquisitions we can't disclose at this point," said Cabal-Revilla."There are multiple opportunities we are looking at. If you take a look at different subsectors of agriculture, medyo marami pwede namin gawin," added MPAV president Jovy Hernandez.The two officials also revealed plans to re-enter the logistics industry to complement the agri unit.MPIC has announced a consolidated core net income of P14.2 billion for 2022, up 15 percent from 2021.<ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/12/22/22/metro-pacific-milks-cows-to-open-p2-billion-farm'>Metro Pacific to build P2-billion dairy farm in Laguna with partner LR Group</a></li>	<li><a href='https://news.abs-cbn.com/business/02/07/23/metro-pacific-to-acquire-3476-pct-of-coconut-exporter-axelum'>Metro Pacific to acquire 34.76 percent of coconut exporter Axelum for P5.32 billion</a></li></ul>

At least two possible acquisitions are in talks. "There are also certain acquisitions we can't disclose at this point," said Cabal-Revilla."There are multiple opportunities we are looking at. If you take a look at different subsectors of agriculture, medyo marami pwede namin gawin," added MPAV president Jovy Hernandez.The two officials also revealed plans to re-enter the logistics industry to complement the agri unit.MPIC has announced a consolidated core net income of P14.2 billion for 2022, up 15 percent from 2021.<ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/12/22/22/metro-pacific-milks-cows-to-open-p2-billion-farm'>Metro Pacific to build P2-billion dairy farm in Laguna with partner LR Group</a></li>	<li><a href='https://news.abs-cbn.com/business/02/07/23/metro-pacific-to-acquire-3476-pct-of-coconut-exporter-axelum'>Metro Pacific to acquire 34.76 percent of coconut exporter Axelum for P5.32 billion</a></li></ul>

<ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/business/02/20/23/phs-largest-vegetable-greenhouse-to-rise-in-bulacan'>MVP salad? Metro Pacific building PH's largest vegetable greenhouse in Bulacan</a></li></ul>She said the company wants to help in food security for the country. MPIC earlier sealed partnership deals with Carmen’s Best, Axelum Resources Corporation and a large vegetable greenhouse project is being constructed.

MANILA - Metro Pacific Investments Corporation (MPIC) is allotting P8 billion for the expansion of its new unit, Metro Pacific Agro Ventures (MPAV) this year.At a media briefing in Pasig, MPIC Chief Finance Officer Chaye Cabal-Revilla said they intend to expand their agriculture portfolio this year. They are eyeing to make the agribusiness unit a core unit of MPIC similar to the size of Maynilad or Metro Pacific Health.

MPIC said it is eyeing to make agribusiness a core unit similar to the size of Maynilad or Metro Pacific Health.

Metro Pacific allots P8 billion for agri business | ABS-CBN News

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Metro Pacific allots P8 billion for agri business

Metro Pacific allots P8 billion for agri business