MPTC has significantly expanded its toll road portfolio with an investment in PT Jasamarga Transjawa Tol (“JTT”).

MPTC partnered with GIC and sealed the 35% investment – worth nearly US$1 billion – on 27 September 2024. JTT is a network of 13 inter-connected toll roads in the provinces of West Java, Central Java, and East Java. The combined 676-kilometer-long road is considered Indonesia’s crown jewel and allows the efficient flow of 850,000 vehicles daily across Indonesia’s economic powerhouse of Java Island.

Smart continues to accelerate its growth momentum with the rollout of its 4G/LTE and 5G networks while optimizing them to deliver the best mobile experience to its subscribers. It recently launched its most affordable 5G device – the Smart ZTE Blade A75 5G.

The Philippines has seen a robust demand for 5G mobile devices in 2024. PLDT has cited 5G adoption as one of the emerging growth streams of their Individual Business, which posted revenues of ₱41.9 billion in the first half of the year. Mobile data revenues now account for 89% of total Individual Wireless revenues.

Metro Pacific Agro Ventures (“MPAV”), a wholly-owned agriculture unit of MPIC, completed the acquisition of 100% of Universal Harvester Dairy Farms, Inc. (“UHDFI”) for a consideration of ₱714 million.

The company produces and processes fresh milk, flavored milk, yogurt, and cheese products. MPAV plans to establish a national dairy champion with farms across the country, a nationwide reach, and a comprehensive range of products. MPAV’s integrated dairy business aims to play a part in reducing the Philippines’s reliance on imported milk.

Landco Pacific Corporation was acclaimed with six highly coveted PropertyGuru Philippines Property Awards in September 2024 for its commitment to excellence in development, design and sustainability.

Landco Pacific Chairman Manuel V Pangilinan was honored as the 2024 Philippines Real Estate Personality of the Year, in recognition of his transformative leadership in real estate and infrastructure in the Philippines.

Since 2023, Indofood has expanded its role to help Indonesian football grow and flourish, as the official sponsor of the Indonesian National Football Team (“Timnas Indonesia”). The company also continues to work closely with seven well-respected regional football clubs, nurturing the next generation of football talent.

Indofood’s football sponsorship fosters the connection between the sport and the Indonesian people, recognizing that it is a shared passion. Since 2015, Indofood has supported leading football clubs with the objective of interacting and creating
engagement with local communities and to help elevate Indonesian football on both national and international stages.