Saturday, January 28, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

MPIC stays on nation-building course as it marks 15th year

Joel LacsamanabyJoel Lacsamana
December 18, 2021, 6:52 pm
in Business, Corporate
Reading Time: 4 mins read
A A
Share on FacebookShare on TwitterShare on Email

Makati City, Philippines—Over the past two decades, Metro Pacific Investments Corp. chairman Manuel Pangilinan has strived to answer what to him is the all-important question: How do we build a nation?
Always, the local business stalwart would return to the basic answer which has been the guiding strategy for the infrastructure conglomerate he founded in 2006.
“We invest heavily in infrastructure in the Philippines because it is an essential building block of nation-building,” declared Pangilinan, who continues to head MPIC as the country gradually emerges from the nightmare that is the COVID-19 pandemic.
Culture of “malasakit”
Along the way, the chairman, or MVP as he is invariably called, has pushed his organization to incorporate a culture of “malasakit” or “care” that he believes, with proper guidance and support, can confer on anyone the power to change their lives and rise above any crisis or setback.

Melody Del Rosario
‘The work we do, coupled with the lasting impact of our commitment to the environment, social responsibility and corporate governance, is a story worth telling.’
—MPIC vice president for PR and corporate communication Melody Del Rosario

MPIC, which is committed to contributing to the achievement of the 17 United Nations Sustainable Development Goals, seeks to “build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation” as its anchor.
“This is our group’s sustainability philosophy: integrate business and environmental stewardship in all our investment strategies,” Pangilinan said.
Now in its 15th year, MPIC continues to help build the nation through major investments in power distribution and energy innovations, urban water concession, network of road tollways, upgrading hospitals and health services.
Core infrastructure
Metro Pacific Tollways Corp. is poised to launch new projects that will be significant for economic recovery. These projects include the P92-billion NLEX-CAVITEX Port Expressway Link, the P71-billion C5 Expressway Project and the P16-billion Harbor Link Port Access Mobility Facility Project.
MPTC also expects to complete the P31-billion new expressway in Cebu province by February next year, while the España Boulevard section, or the first 5 kilometers of NLEX Connector, will be completed by first quarter next year.
The next 3-km elevated section between España Interchange and the vicinity of the Polytechnic University of the Philippines in Sta. Mesa, Manila is expected to commence construction within the year.
MPCALA Holdings Inc. expects to complete the entire 45-kilometer Cavite-Laguna Expressway by early 2023.
CALAX is a P56-billion road infrastructure project granted by DPWH to MHI, a subsidiary of Metro Pacific Tollways Corp. It is a high-speed road network connecting the provinces of Cavite and Laguna, aiming to serve around 45,000 motorists upon completion.
Roads and other transportation facilities, power generation and other utilities, and communications systems are what are referred to as “core” infrastructure. Transport networks connect producers and consumers to markets, utilities provide essential inputs such as power and water for both production and consumption, and communications networks facilitate the exchange and dissemination of information and knowledge.
As such, infrastructure is an indispensable input in an economy’s production, one that is highly complementary to other more conventional inputs such as labor and non-infrastructure capital.
The Metro Pacific Group provides electricity (via Meralco), water (Maynilad), telecommunications (PLDT and Smart), and builds and maintains a massive network of roads, among others.
For a developing country like the Philippines, the impact of new infrastructure projects is pronounced. All the road projects mentioned are expected to help ease port congestion and provide alternate routes to businesses getting their goods out of the Manila-based ports.
Digital transformation
MPIC is also in the process of embracing digital transformation with its partnership with software firm SAP.
MPIC is the first organization in the Philippines to adopt the digital solution RISE with SAP on Amazon Web Services as part of its broader business transformation strategy.
RISE with SAP is a subscription service that combines a set of services and product offerings that helps a company become an “intelligent enterprise.”
“Our commitment to contribute to national progress and improve the quality of lives in the communities we serve is anchored on the strength of our various operating companies,” said Chaye Cabal-Revilla, MPIC’s chief finance, risk and sustainability officer.
Ramping up CSR
MPIC was recently recognized at the 11th Asian Excellence Awards, earning six recognitions for corporate governance, investor relations, and corporate social responsibility.
Awards included Asia’s Best CEO (Investor Relations) for Jose Ma. Lim; Asia’s Best CFO (Investor Relations) for Chaye Cabal-Revilla; Best Investors Relations Professional for MPIC VP for Investor Relations Maricris Aldover-Ysmael; Best Investor Relations Company (Philippines); Best Environmental Responsibility;, and Asia’s Best CSR.
The Asian Excellence Awards recognizes excellence in management acumen, financial performance, corporate social responsibility, environmental practices and investor relations.
Support to MSMEs
Cabal-Revilla recently shared MPIC’s corporate-wide strategy through the United Nations Global Compact Network Philippines’s Sustainability Summit held in November.
The two-day online event launched the 10-in-10 Private Sector Champions—an initiative formed to transform into concrete action the 10-in-10 Business Ambition, a recovery and sustainability roadmap to support micro, small and medium enterprises.
MSMEs help reduce poverty by creating jobs for the country’s growing labor force, Cal-Revilla explained. They stimulate economic development in rural and far-flung areas. They also serve as a breeding ground for new entrepreneurs and large corporations.
“We really feel that enabling MSMEs and improving the lives of Filipinos and the communities that we serve as part of our purpose, is also really enabling our business because they are our customers as well,” Cabal-Revilla said. “If we empower them and they thrive, this benefits all of us—their families, our businesses and our country’s economy.
”A” rating
MPIC likewise achieved the highest level ‘A’ rating in the Global Listed Infrastructure Organization/Global Real Estate Sustainability Benchmark ESG Index for Infrastructure in 2021.
The GLIO is the representative body for the $3-trillion market capitalization listed infrastructure asset class.
The GRESB provides financial markets with standardized and validated company data on environmental, social and corporate governance.
Companies must derive 75 percent of EBITDA from infrastructure groups such as energy, transportation and storage, communications infrastructure, transportation, renewable energy, and regulated network utilities to be eligible for the GLIO/GRESB ESG.
“Only 19 companies achieved the highest level ‘A’ rating from the 160 in the GLIO/GRESB ESG Index for infrastructure,” said GLIO CEO Fraser Hughes. “It’s a fantastic achievement”.
Corporate communications
MPIC was also recognized recently at this year’s #BIGAwards
Organized by the Business Intelligence Group, the BIG Awards recognizes talent and superior performance in the business world. For MPIC, big winners included Melody Del Rosario, VP for PR and corporate communication, who bagged the PR Executive of the Year plum; and MPIC’s PR & Corp. Comm. Department for being acknowledged as the PR Department of the Year.
Del Rosario’s team was recognized for their role in building and maintaining MPIC’s brand image, and integrating corporate social responsibility into its communication framework through the Metro Pacific Investments Foundation.
Del Rosario personally developed Shore It Up!, the foundation’s flagship environmental program, making MPIF a top-of-mind organization for the protection and conservation of coastal and underwater ecosystems.
“The work we do, coupled with the lasting impact of our commitment to the environment, social responsibility and corporate governance, is a story worth telling,” said Del Rosario.

-30-

ADVERTISEMENT
Tags: infrastructureManuel PangilinanMetro Pacific Investments CorpMPIC
ADVERTISEMENT
Joel Lacsamana

Joel Lacsamana

Related Posts

BSP ready to further tweak policy to contain inflation

byJulito G. Rada
January 27, 2023, 9:20 pm
0
8
Remittances increased 5.3% to $25.929b in first 10 months

The Bangko Sentral ng Pilipinas reaffirmed its readiness to tweak its monetary policy stance to rein in inflation in the...

Read more

Megawide bags 3 contracts from PHirst Park Homes

byJenniffer B. Austria
January 27, 2023, 9:15 pm
0
8
Megawide raises P4B after offering preferred shares

Infrastructure and engineering firm Megawide Construction Corp. said Friday it bagged three supply and build contracts with affordable residential developer...

Read more

SMC Global eyes ‘legal remedies’ after CA junked supply deal TRO

byAlena Mae S. Flores
January 27, 2023, 9:10 pm
0
8
SMC Global to finish 690-MW battery storage plant

SMC Global Power Holdings Corp. said Friday it would pursue “all available legal remedies” following the Commission on Appeal’s denial...

Read more

Pag-IBIG financed 18,657 socialized homes for low-wage earners in 2022

byManila Standard
January 27, 2023, 9:05 pm
0
8
Pag-IBIG Fund releases record P44b in home  loans in H1 ‘21

Pag-IBIG Fund financed 18,657 homes for low-income and minimum-wage earners in 2022, top executives said Friday. Socialized homes represented 18...

Read more

ADB approves $500-m loan to help improve PH agriculture sector

byJulito G. Rada
January 27, 2023, 9:00 pm
0
8
ADB okays $175-m loan for three bridges

The Asian Development Bank said Friday it approved a $500-million (about P27 billion) policy-based loan to help the Philippine government...

Read more

Fitch Solutions sees PH growing 5.9% in 2023

byJulito G. Rada
January 27, 2023, 8:55 pm
0
8
Fitch sees peso-dollar rate falling to 51.80:$1

Fitch Solutions, a unit of Fitch Group, maintained on Friday a 5.9-percent growth forecast for the Philippine economy this year,...

Read more

Print Edition

View More

Recent Posts

  • Sneakers for Makati : AB4.0
  • ICC reopens drug war probe
  • High Tribunal upholds TRAIN law, affirms its constitutionality
  • SC rules as illegal banning losing bets in previous poll as party-list nominees
  • PBBM meets Senate, House heads to push legislative plan
  • 3rd straight week of fuel price hike up
  • Marcos accepts Macron invite for state visit to France
  • DepEd taps PNP for school security

Advertisement

Latest News

3rd straight week of fuel price hike up

byAlena Mae S. Flores
January 28, 2023, 1:20 am
0
8
Price cuts on kerosene, diesel, but gas unchanged

Domestic fuel pump prices are likely to go up by around P1.50 to P1.60 per liter for gasoline and kerosene...

Read more

Marcos accepts Macron invite for state visit to France

byVince Lopez
January 28, 2023, 1:00 am
0
8
Imported onions in, but price still high

President Ferdinand Marcos Jr. accepted Friday the invitation of his French counterpart, President Emmanuel Macron, for a state visit to...

Read more

DepEd taps PNP for school security

byRio N. Araja
January 28, 2023, 12:50 am
0
8
PH school head remembers Abe via Japan award

The Department of Education (DepEd) on Friday said it will coordinate with the Philippine National Police (PNP) on security measures...

Read more

Coast guardians

byManila Standard
January 28, 2023, 12:41 am
0
8
Job hunting

President Ferdinand R. Marcos Jr. underscored the vital role of the Philippine Coast Guard (PCG) in maintaining the safety and...

Read more

Comelec junks Pimentel plea on PDP-Laban

byVito Barceloand1 others
January 28, 2023, 12:40 am
0
8
Comelec junks nuisance case vs. Marcos Jr.

The Commission on Elections en banc has denied the motion for reconsideration filed by Senator Aquilino “Koko” Pimentel III and...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App