Sign up | Log in



Home  >>   Daily News  >>   Philippines  News  >>   Investment  >>   Philippine business leader looks for more
NEWS UPDATES Asean Affairs        31 January 2011

Philippine business leader looks for more

Related Stories

January  22, 2011
Hot money sets Philippine record

January 3, 2011
Philippines unveils new investment strategy

December 21, 2010
GM relocates marketing to Indonesia

October 27, 2010
Indo car sales outstrip road capacity

April 1, 2010
Indonesia’s car output seen rising 51% this year

March 29, 2010
Indonesian car exports rebound to pre-crisis level


Manuel Pangilinan may have embarked on one of the Philippines' most remarkable corporate buying binges over the past dozen years, but he is hungry for more.

Since returning home in 1998 after more than two decades overseas, the investment banker has taken control of the Philippines' major telecom company, its main power retailer and the biggest water utility.

Also in the 64-year-old bachelor's bulging portfolio are the nation's biggest hospital chain, nearly all its main toll roads, major media outlets, mining companies and Manila's biggest rail network.

Now Pangilinan has his eyes set on road, rail and airport projects worth $3 billion that President Benigno Aquino's new government intends to put out for tender this year on a public-private partnership basis.

"We're looking to fill out our infrastructure portfolio - infrastructure growth is something that could really add value," Pangilinan said.

His group is now interested in taking stakes in other toll roads near Manila, while two state-owned light railway lines and a much older system in the city would also be interesting should they come into play, he said.

Pangilinan's most important positions - and those through which his investments are made - are as chairman of Philippine Long Distance Telephone (PLDT) and chief executive of Metro Pacific Investments Corporation.

But a step further back in his corporate structure is the key to his success: his role as managing director of Hong Kong-listed First Pacific Co., controlled by Indonesia's largest conglomerate, Salim Group.

Pangilinan got his big break while working in Hong Kong as an investment banker after a 1978 visit to the office of Anthoni Salim, son of Indonesia's richest man, Lim Sioe Liong, who founded the Salim Group.

His sales pitch to arrange funding for a cement project was politely brushed off, but he developed a good relationship with the son, who later became Salim group chairman.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    31  January 2011 Subsribe Now !
• Curbs on Indonesia's exports bring concern
Subcribe: Asean Affairs Global Magazine
• Indonesian goods are low-profile Asean Affairs Premium
• Malaysia: high-income nation
• European solar company eyes Philippines
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Philippine business leader looks for more
• Singapore services sector shows gains
• Banpu sees small profits
• Elite Card operator stifled
Asean Analysis    31 January 2011 Advertise Your Brand
• The Myanmar Parliament opens Sponsor Our Events
Asean Stock Watch    31 January 2011
• Asean Markets This Week
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand