From small beginnings based on six people with a passion for their work, to a regional group whose operations form the fabric of daily life, First Pacific reflects on its 45 years.

In this issue, First Pacific Managing Director and CEO Manuel V Pangilinan recounts the inspiring arc of the company’s history. He notes that the people at the heart of the organization – and the scale of their loyalty – as central to building an empire with an enduring legacy.

Terra Solar Philippines Inc. (“MTerra Solar”), has successfully energized the first 250-megawatts (“MW”) of its solar capacity. MTerra Solar - an affiliate of Meralco PowerGen Corporation (“MGEN”) – will boost the Philippines’ energy security in these volatile times. At full capacity, the facility will generate up to 3,500 MWp of solar power, delivering clean energy to approx. 2.4 million households.

On 29 April 2026, Standard & Poor’s Global Ratings (“S&P”) upgraded First Pacific’s investment-grade credit rating to “BBB” from “BBB-”, with stable outlook.

“The improved investment-grade credit rating from S&P testifies to the strength and resilience of First Pacific and the value created across our underlying investments,” said First Pacific Managing Director and CEO Manuel V Pangilinan. “Given the current uncertainty in global markets amid tensions in the Middle East, we regard this rating upgrade as a source of confidence going forward.”

S&P’s upgrade cited enhanced portfolio valuation and liquidity following an updated assessment of First Pacific’s underlying investments by the rating agency.

Indofood has created a national phenomenon with its Indomie noodle brand.

Indomie recently showcased its ability to turn local food trends into mainstream cultural moments, with the Jakarta event, Indomie Nyemek on The Block. By bringing together Warmindo (Indomie street stall) culture, music, and youth communities, the brand reinforced its role as a trendsetter that continuously evolves alongside Indonesia’s dynamic culinary culture.