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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. 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. In May 2016, GT Capital Holdings Inc. acquired 15.6 percent of MPIC, which will, in turn, buy control over GT Capital's Global Business Power Corporation in a deal worth PHP 29.89 billion. GT Capital 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 Company, at the same price, for a total of PHP 7.93 billion in cash. These transactions result in G ...
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Privately-held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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First Pacific Company
First Pacific Company Limited () is a Hong Kong–based investment management and holding company with operations located in Asia. It involves telecommunications, consumer food products and infrastructure. Businesses Indonesia: * Indofood Sukses Makmur Tbk Philippines: * Metro Pacific Investments Corporation * PLDT * Philex Mining Corporation * Roxas Holdings Inc. Malaysia: * QAF Limited Singapore: * PacificLight Power Pte. Ltd Former businesses * Tech Pacific (1989–1997) – sold to Hagemeyer * Pacific Link (1988–1997) – sold to Hong Kong Telecom * Hibernia Bank (1982–1985) – sold to Security Pacific Bank * First Pacific Bank (1992–2000) – sold to Bank of East Asia See also * Salim Group The Salim Group is Indonesia's biggest conglomerate and refers to companies where the Salim family holds majority ownership. Its assets include Indofood Sukses Makmur, the world's largest instant noodle producer; Indomobil Group, one of Indon ... References Ext ...
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Asian Hospital And Medical Center
Asian may refer to: * Items from or related to the continent of Asia: ** Asian people, people in or descending from Asia ** Asian culture, the culture of the people from Asia ** Asian cuisine, food based on the style of food of the people from Asia ** Asian (cat), a cat breed similar to the Burmese but in a range of different coat colors and patterns * Asii (also Asiani), a historic Central Asian ethnic group mentioned in Roman-era writings * Asian option, a type of option contract in finance * Asyan, a village in Iran See also * * * East Asia * South Asia * Southeast Asia * Asiatic (other) Asiatic refers to something related to Asia. Asiatic may also refer to: * Asiatic style, a term in ancient stylistic criticism associated with Greek writers of Asia Minor * In the context of Ancient Egypt, beyond the borders of Egypt and the cont ...
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Manila
Manila, officially the City of Manila, is the Capital of the Philippines, capital and second-most populous city of the Philippines after Quezon City, with a population of 1,846,513 people in 2020. Located on the eastern shore of Manila Bay on the island of Luzon, it is classified as a Cities of the Philippines#Independent cities, highly urbanized city. With , Manila is one of the world's List of cities proper by population density, most densely populated cities proper. Manila was the first chartered city in the country, designated bPhilippine Commission Act No. 183on July 31, 1901. It became autonomous with the passage of Republic Act No. 409, "The Revised Charter of the City of Manila", on June 18, 1949. Manila is considered to be part of the world's original set of global cities because its commercial networks were the first to extend across the Pacific Ocean and connect Asia with the Hispanic America, Spanish Americas through the Manila galleon, galleon trade. This marked t ...
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Metropac Movers
The PBA D-League, or PBA Developmental League, is the official minor league of the Philippine Basketball Association. History The PBA D-League was conceptualized after the collapse of the proposed merger between the Philippine Basketball League (PBL) and Liga Pilipinas after the staging of the ''Tournament of the Philippines'' which was composed by PBL and Liga Pilipinas teams. PBA Commissioner Chito Salud proposed the formation of a PBA D-League, which will fill the void left by the PBL. On January 25, 2011, the PBA Board of Governors approved the proposal. The maiden tournament, named " Foundation Cup" began on March 12, 2011 at the Filoil Flying V Arena in San Juan. The tournament composed of 13 teams, with five teams (Junior Powerade, NLEX, Maynilad, Freego and Cafe France) having affiliation with existing PBA teams. Four teams (Cobra Energy Drink, Agri-Nature Inc./FCA, Pharex, and Cafe France) from the Philippine Basketball League filed for application in the PBA D-Leag ...
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Light Rail Transit Authority
The Light Rail Transit Authority (LRTA) is a public transport operator that is responsible for the construction, operation, maintenance and/or lease of Manila Light Rail Transit System in the Philippines. It is organized as a government-owned and controlled corporation under the Department of Transportation (DOTr) as an attached agency. History The results of a fourteen-month study conducted between 1976 and 1977 by Freeman Fox and Associates suggested a street-level light rail line in Manila. These proposals were revised by the Ministry of Transportation and Communications, later the Department of Transportation (DOTr), to an elevated system in order to avoid building in the city's many intersections. On July 12, 1980, President Ferdinand Edralin Marcos created the Light Rail Transit Authority through Executive Order No. 603, and assigned First Lady and Governor of Metro Manila Imelda Marcos as its chairman. While the LRTA confined its roles to policy making, fare regu ...
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LRT Line 1 (Metro Manila)
The Light Rail Transit Line 1, commonly referred to as LRT Line 1 or LRT-1, is a state-owned (through Light Rail Transit Authority (LRTA)) but privately operated (by Light Rail Manila Corporation (LRMC)) light rapid transit system line in Metro Manila, Philippines, and as part of the Manila Light Rail Transit System. Originally referred to as Metrorail and the Yellow Line, LRT Line 1 was reclassified to be the Green Line in 2012. It travels in a general north–south direction from Dr. Santos station, Dr. Santos to , and then east–west from Monumento to Roosevelt station (LRT), Fernando Poe Jr. Currently, the line consists of 25 stations and runs on of fully elevated route. Although it has the characteristics of light rail, such as with the type of rolling stock used, it is more akin to a rapid transit system owing to its total grade separation and high passenger throughput. First envisioned in a 1977 study conducted by Hyder Consulting, Freeman Fox and Associates which sugg ...
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Ayala Corporation
Ayala Corporation (, formerly ''Ayala y Compañía''; ) is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines by Domingo Róxas and Antonio de Ayala during Spanish colonial rule, it is the country's oldest and largest conglomerate. The company has a portfolio of diverse business interests, including investments in retail, education, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, automotive, healthcare, management, and business process outsourcing. As of November 2015, it is the country's largest corporation in terms of assets ($48.7 billion). History ''Ayala y Compañía'' was established in 1876 and traces its origins to Casa Róxas, a partnership established in 1834 between landowner and entrepreneur Domingo Róxas and his employee Antonio de Ayala.https://www.cia.gov/readingroom/docs/CIA-RDP90-00494R001100710133-1.pdf Their enterprise ...
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Light Rail Manila Corporation
Light Rail Manila Corporation (LRMC) is a rail service company based in Pasay, Metro Manila, Philippines. It is a consortium of companies engaged in the operation and maintenance of the Manila Light Rail Transit System Line 1 (Line 1) since September 2015. The consortium is composed of Metro Pacific Investments Corporation, Sumitomo Corporation's Metro Pacific Light Rail Corp. (MPLRC); AC Infrastructure Holdings Corp. (a subsidiary of Ayala Corporation) through an intermediate entity Light Rail Manila Holdings, Inc.edge.pse.com.ph/openDiscViewer.do?edge_no=30a5bbcea364884dec6e1601ccee8f59; and Macquarie Infrastructure Holdings (Philippines) Pte. Ltd. History Background The privatization of the entire maintenance and operation of the Manila Light Rail Transit Line 1 was the first infrastructure project under the Public-Private Partnership (PPP) program of the Benigno Aquino III administration announced by the Department of Transportation in May 2011. The project's objectives were ...
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Metro Pacific Tollways Corporation
Metro Pacific Tollways Corporation (MPTC) is a subsidiary of Metro Pacific Investments. MPTC is in the business of developing and operating toll roads ( expressways) in the Philippines, Indonesia, and Vietnam. It is the biggest toll road developer in the Philippines, with a current portfolio of tollways. History On August 7, 2008, Metro Pacific Investments acquired a 67.1% interest in the operation and maintenance of the North Luzon Expressway (NLEX) from the Lopez group. This marked an entry of the company into investing in toll roads. Four years later, in 2012, the company also expanded its Philippine toll road portfolio with a ₱6.77-billion investment in the holding firm that controls the 14-kilometer Manila–Cavite Expressway (CAVITEX). In 2015, MPTC won the highest bid of ₱27.3 billion for the Cavite–Laguna Expressway (CALAX), the first project to be awarded by the company under public-private partnership (PPP), followed by NLEX Connector, which was also awarded i ...
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Maynilad Water Services
Maynilad Water Services, Inc., better known as Maynilad, is the water and wastewater services provider of cities and municipalities that form the West Zone of the Greater Manila Area in the Philippines. It is an agent and contractor of the Metropolitan Waterworks and Sewerage System (MWSS). Maynilad is one of two private water providers in Metro Manila, the other being Manila Water. Incorporated in 1997, Maynilad currently serves over 9 million people in the cities of Caloocan, Las Piñas, Malabon, Muntinlupa, Navotas, Parañaque, Pasay, and Valenzuela; along with most of the City of Manila and portions of Quezon City and Makati west of the Metro Manila Skyway. Outside of Metro Manila, in Cavite Province it serves the cities of Cavite, Bacoor and Imus and the municipalities of Kawit, Noveleta and Rosario. History As part of the water privatization in Metro Manila, the Metropolitan Waterworks and Sewerage System awarded contracts to two companies splitting Metr ...
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Meralco
The Manila Electric Company, also known as Meralco (, , stylized in uppercase), is an electric power distribution company in the Philippines. It is Metro Manila's only electric power distributor and holds the power distribution franchise for 39 cities and 72 municipalities, including the whole of Metro Manila and the exurbs that form Mega Manila. The name "Meralco" is an acronym for Manila Electric Railroad and Light Company, which was the company's official name until 1919. History La Electricista Organized in 1891 and beginning operations in late 1900, La Electricista was the first electric company to provide electricity to Manila towards the close of the History of the Philippines (1521-1898), Spanish era. La Electricista had built a central power plant on Calle San Sebastian (now Hidalgo Street) in Quiapo, Manila. On January 17, 1895, its streetlights were turned on for the first time and by 1903, it had about 3,000 electric light customers. Founding of the Manila "Electr ...
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