mvp

GMA7 acquisition: Manny Pangilinan vs. Ramon Ang — again?

Is this another case of “What Manny Pangilinan wants, Ramon Ang will also try to get”?

This question emerges as reports regarding purported interest by Ramon Ang, president of conglomerate San Miguel Corporation (SMC), to acquire a 30% equity stake in GMA Network Inc. (GMA7) surfaced last week.

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Ramon Ang, not MVP, to buy Philippine Airlines (PAL)

It’s confirmed: Ramon Ang of San Miguel Corporation (SMC) is interested in acquiring a substantial interest in the country’s carrier Philippine Airlines. Ang himself confirmed this in a report by ABS-CBN News.
San Miguel Corp. is said to be in the middle of due diligence at present where they look into the financial statements and operations of PAL before making a final bid amount.

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Salary & Compensation of top CEOs in the Philippines

Most of us know Jaime Augusto Zobel de Ayala, Danding Cojuangco, Tony Tan Caktiong, Manny Pangilinan, Andrew Tan and various others who head the largest corporations in the Philippines. We know how daunting their task is of managing their companies on a daily basis striving to achieve profitability and to maximize their shareholders’ wealth.
Given the enormity of their roles, we are curious: How much are they paid as President or Chief Executive Officers of these companies?

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Manny Pangilinan to buy Philippine Airlines (PAL)?

Manny V. Pangilinan (MVP) is on a buying spree.
Through his holding firm Metro Pacific Investments Corp. (MPI), MVP acquired the following:

  • telecommunication company PLDT in 1988;
  • water concessionaire Maynilad in 2006;
  • the Manila North Tollways in 2008;
  • the Philippines’ largest mining company Philex in 2009
  • power distribution company Meralco in 2009;
  • hospital Makati Medical Center in 2009;
  • broadcast network ABC5 (now TV5) also in 2009

Now it appears that MVP wants to add in this portfolio another company that is significant to most Filipinos. Rumor has it that he is already in talks to buy the country’s flag carrier, Philippine Airlines or PAL.

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Catholic Church sold Philex shares to Manny Pangilinan?

Did the Roman Catholic Archbishop of Manila unload more than 1 million shares of Philex Mining Corporation (PX) in April and May 2011 and sold them directly to Chairman and CEO Manny V. Pangilinan (MVP)?

Documents from the Philippine Stock Exchange (PSE) seem to show that they did. A cursory look at the latest list of the Top 100 stockholders of Philex confirms that the Catholic Archbishop of Manila is not anymore a major stockholder of the company and that MVP has replaced the Church’s spot as the top 15th shareholder.

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Is PLDT owned by foreigners?

The recent Supreme Court ruling ordering the Securities and Exchange Commission (SEC) to look into the extent of foreign ownership in PLDT raises a very important question: Did the telecommunications giant violate the Philippine Constitution with regard to the maximum 40% foreign equity rule?

In layman’s terms, the Supreme Court is basically asking the SEC: is PLDT owned by Filipinos or by foreigners?

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Catholic Church has billions invested in BPI, Philex, San Miguel

For most of us, it’s a given that the Catholic Church is rich. Obvious proof of that are their sprawling acres of land, large Church-owned structures and buildings, and millions of pesos of cash collected from mass goers every week.

What a lot of people do not know, though, is that part of the Church’s wealth is its multi-billion peso investments in several Philippine companies. In fact, reports submitted to the Philippine Stock Exchange (PSE) show that the Church and affiliate Catholic groups are top stockholders in companies such as the Bank of the Philippine Islands (BPI), Philex Mining Corporation (PX), San Miguel Corporation (SMC), Ayala Corporation (AC), and Phinma Corporation (PHN), among others.

Philippine Church invested in banks, mining, construction, etc.

The Roman Catholic Archbishop of Manila, for example, owns more than 300 million shares of BPI and is the bank’s 4th largest owner.

How much are these shares worth? As of May 2011, this is valued at more than P17 billion. Yes, that’s seventeen billion pesos, with a B.

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