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Metro Pacific unit pays second tranche of CALAX concession fee ahead of due date

ABS-CBN News
Posted at Jul 07 08:51 AM

Metro Pacific Investment Corp said Tuesday the subsidiary of its tollways unit has paid the Department of Public Works and Highways the second tranche of the concession fees for the Cavite-Laguna Expressway.  Read more »

Japan's Sumitomo joins Pangilinan-Ayala consortium for LRT-1

ABS-CBN News
Updated as of May 29 10:20 AM

Japan's Sumitomo Corp is joining the Pangilinan-Ayala consortium that operates the Philippine capital's oldest elevated rail, LRT-1, as a strategic stakeholder, one of the Filipino partners said Friday. Read more »

'Not on our minds,' says Pangilinan on TV5 airtime for ABS-CBN

ABS-CBN News
Posted at May 06 04:42 PM

Tycoon Manuel Pangilinan said Wednesday a blocktime agreement with ABS-CBN at his group's TV 5 was "not on our minds." Read more »

Duterte open to 'explore out-of-court settlement' with Pangilinan, Ayalas: Palace

Arianne Merez, ABS-CBN News
Posted at May 05 03:54 PM

Presidential Spokesman Harry Roque said Duterte is willing to discuss government concerns on the businesses of the tycoons, particularly on water concession contracts. Read more »

'The COVID humbled me': Duterte apologizes to Ayalas, Pangilinan

ABS-CBN News
Posted at May 05 12:57 AM

MANILA - President Rodrigo Duterte on Monday apologized to big businessmen, specifically to the Ayala family and Manuel Pangilinan, for attacking them in his past speeches. Read more »

Business tycoons assure support to gov't, public amid enhanced community quarantine

ABS-CBN News
Posted at Mar 17 12:13 AM

Philippine business tycoons expressed their support to the government and assured uninterrupted service to the public as the country faces the threat of the coronavirus diseases 2019 (COVID-19). Read more »

'Racehorse' PLDT sets record capex in 2020 to sustain data growth

ABS-CBN News
Updated as of Mar 05 03:41 PM

Net income reached P22.5 billion in 2019, PLDT said in a disclosure to the stock exchange. Core income grew 13 percent to P27.1 billion, it said. PLDT spent P61 billion in capital expenditures in 2019 for network expansions and transformation programs, it said. Read more »

Pangilinan's Metro Pacific partners with Dusit for tourism foray

ABS-CBN News
Posted at Feb 19 09:15 AM

The conglomerate led by tycoon Manuel Pangilinan said its unit, Metro Vantage Properties Inc, will design, develop and market 2 hotels in 3 condominiums in Batangas. Dusit Thani Philippines will oversee the hospitality and tourism side of the business, it said. Read more »

iPhone or Huawei? PLDT's Pangilinan answers questions on Twitter

ABS-CBN News
Updated as of May 08 03:29 PM

Pangilinan got numerous replies from a Twitter post late Tuesday about testing 5G on a Huawei device, but the post was labeled as sent from Twitter for iPhone. Read more »

Pangilinan seeks 'way forward' on tariffs, 'willing' to drop arbitration

ABS-CBN News
Posted at Apr 08 12:33 PM

President Rodrigo Duterte recently ordered a review of all government contracts in the wake of a water shortage that affected Maynilad rival Manila Water. Read more »

PLDT not shutting out Huawei from 5G pilot tests

ABS-CBN News
Posted at Feb 19 08:37 PM

PLDT-Smart chairman Manny Pangilinan said they have asked telecoms vendors Ericsson, Nokia, ZTE and Huawei to provide a plan to test their 5G platforms.  Read more »

PLDT closes $175-M investment in Voyager from KKR, Tencent

ABS-CBN News
Posted at Nov 28 03:47 PM

In October PLDT announced that KKR and Tencent were subscribing to newly-issued shares in Voyager, which would give them a substantial minority stake in the telco's subsidiary.  Read more »

MVP says Dennis Uy venture a gateway to China National Oil

Warren de Guzman, ABS-CBN News
Posted at Nov 28 12:10 PM

Manuel V. Pangilinan said he would be "interested to participate" in Dennis Uy's liquefied natural gas project with China National Offshore Oil Corp. Read more »

5G a 'major' investment for PLDT, Pangilinan says

ABS-CBN News
Posted at Jun 14 08:51 AM

PLDT has sought the help of its Japanese partner, NTT DoCoMo on the utilization and rollout of 5G with a possible commercial rollout by 2020. Read more »

PLDT officials optimistic on turnaround over next 2 years

ABS-CBN News
Posted at Mar 09 12:28 AM

Index heavyweight PLDT Inc. released its 2017 earnings, with company officials expressing optimism the telco giant's financial performance is finally picking up steam.  Read more »

How SM, Ayala, MVP groups can help small businessmen

Michelle Ong and Warren de Guzman, ABS-CBN News
Updated as of Nov 12 04:58 PM

Big business can help small entrepreneurs by giving them access to credit and a platform to sell their products, the head of the ASEAN business advisory council said on Sunday. Read more »

PLDT sees 'steady progress' in digital shift, Q2 net income up 85 pct

ABS-CBN News
Updated as of Aug 10 05:12 PM

PLDT Inc said Thursday net income in the April to June period income grew 85 percent as it saw signs of "steady progress" in its shift to digital services. Read more »

Drilling prospects in Reed Bank 'positive,' Pangilinan says

Christian V. Esguerra, ABS-CBN News
Posted at Aug 04 01:42 PM

There are "positive" signs exploration in the South China Sea can resume due to improved ties between the Philippines and China, PXP Energy Chairman Manuel Pangilinan said Friday. Read more »