principal investments


is a leading Total Food Solutions company with operations in all stages of food manufacturing from the production of raw materials and their processing through to the manufacture of consumer food and beverage products and their distribution to the market. > read more


is the largest integrated telecommunications company in the Philippines. Its shares are listed on the Philippine Stock Exchange and its American Depositary Shares are listed on the New York Stock Exchange. > read more


is a Philippine-based, leading infrastructure investment management and holding company, with core investments in electricity distribution and generation, toll roads, water distribution and sewerage management, and healthcare services in the Philippines and ASEAN. > read more


operates one of Singapore’s most efficient power plants, housing an 800-megawatt liquified natural gas-fired combined cycle facility, powering businesses and households in Singapore with reliable electricity that meets stringent environmental emission standards. > read more


is a Philippine-listed company engaged in the exploration and mining of mineral resources, and through investment in Philippine-listed PXP Energy Corporation (PSE: PXP), in upstream oil and gas exploration and production. > read more




First Pacific Finance Limited was founded as a financial services provider in Hong Kong (deposit-taking company or aka finance house). Start-up capital was HK$7 million (US$0.9 million) with a total staff of six people in a 50 square meters office in Central, Hong Kong. The original name was Overseas Union Finance Limited.

From 1982-1987

Acquired Hibernia Bank in San Francisco and a controlling interest in Hagemeyer in the Netherlands while investing in Berli Jucker in Thailand, First Pacific Davies in Hong Kong, United Savings Bank in California, and Hong Nin Bank in Hong Kong and founding Metro Pacific Corporation in the Philippines.


First Pacific Holdings and First Pacific International merged to form the currently listed First Pacific Company (using Shanghai Land of the Kadoorie Family as the listed shell).

First investment in telecoms with the purchase of a 50% interest in Pacific Link, Hong Kong. Acquired Dragon Seed Department Store in Hong Kong, set up retail operations (System One for electronic appliances and Sports Authority for sporting goods).


Acquired a controlling interest in Imagineering Australia thereafter named Tech Pacific.


Acquired Far East Bank and merged it with Hong Nin Bank, renamed and listed as First Pacific Bank in Hong Kong.

From 1988-1996

First Pacific showed significant growth in marketing and distribution, property and banking divisions; and pioneered in regional telecoms investments.

From 1993-1996

Smart Communications launched cellular services in the Philippines. NTT of Japan invested in Smart Communications as a strategic investor. Acquired PDCP Bank and First e-Bank in the Philippines.

Invested in GSM networks in China's Fujian Province, Shenzhen, Dongguan and Huizhou and in Taiwan's Tuntex Telecom, and rolled out GSM mobile networks in India through Escotel.


First Pacific became a constituent of the Hang Seng Index.

From 1998

With the Asian crisis, First Pacific restructured and refocused in Asia with core investments in leading companies in telecoms, consumer food products and infrastructure sectors.

From 1998-2000

Acquired PLDT in the Philippines and Indofood in Indonesia. Concluded acquisition of Smart by PLDT.


Relisted MPIC as an infrastructure company.


Increased investment in PLDT. Invested in water distribution (Maynilad) and healthcare (Makati Medical Center) through MPIC. Listed Indofood's plantations businesses through IndoAgri. IndoAgri acquired Lonsum (plantations).


First Pacific made its first investments in mining (Philex), and in toll roads (MPTC) through MPIC. MPIC increased its investment in Maynilad.

Indofood added dairy to its portfolio of food businesses through the acquisition of Indolakto.


Invested in electricity distribution (Meralco) through PLDT and MPIC. Increased investment in Philex.


Increased investments in Meralco through Beacon Electric, in hospitals through MPIC, and in Philex. Listed Indofood's consumer branded products businesses through ICBP.


Increased investments in telecommunications with PLDT's acquisition of Digitel, in Meralco through Beacon Electric, and in healthcare through MPIC. Listed natural resources businesses through Philex Petroleum (oil and gas exploration) and SIMP (plantations).


Increased investments in Meralco through Beacon Electric (PLDT and MPIC), in Philippine Hydro (PH) Inc. through Maynilad, in CAVITEX through MPTC, in hospital through MPIC, in consumer products through Indofood, and in plantations through IndoAgri, SIMP and Lonsum.


FPM Infrastructure (First Pacific and MPIC) acquired 29.45% of Don Muang Tollway.

FP Natural Resources (First Pacific and IndoAgri) acquired 34.0% of Roxas Holdings.

FPM Power (First Pacific and Meralco) acquired 70.0% of PacificLight Power.


First Pacific sold its 75.0% interest in FPM Infrastructure to MPIC and lifted MPIC's stake in Don Muang Tollway to 29.45%.


First Pacific acquired 50.0% of Goodman Fielder.

FP Natural Resources (First Pacific and IndoAgri) and its Philippine affiliate increased investment in Roxas Holdings to 50.9%.


Metro Pacific Holdings, Inc. ("MPHI", a Philippine affiliate of First Pacific) sold 4.1% diluted interest in MPIC to GT Capital Holdings, Inc. and subscribed to newly issued Class A voting preferred shares in MPIC. Post transactions, MPHI holds a voting interest in MPIC of 55.0% and an economic interest of 42.0%.

MPIC expanded its power portfolio by increasing its interest in Beacon Electric to 75.0% from 50.0% and invested in Global Business Power Corporation.


MPIC acquired the remaining 25.0% interest in Beacon Electric which became a wholly-owned subsidiary of MPIC.


First Pacific sold its 50% interest in Goodman Fielder to Wilmar International Limited.

MPIC sold its 40.0% interest in Metro Pacific Hospital Holdings, Inc. to KKR & Co. Inc.


Indofood CBP acquired the entire issued share capital of Pinehill Company Limited.


MPIC’s Beacon PowerGen sold its 56% interest in Global Business Power Corporation to Meralco PowerGen Corporation.


First Pacific rated investment grade, BBB- Stable from S&P, Baa3 Stable from Moody’s.


Privatized MPIC through a voluntary delisting tender offer.