News From The View Magazine

First Pacific received investment-grade credit ratings

On 19 April 2022, First Pacific received investment-grade credit ratings from two leading global rating agencies.

Standard & Poors Global Ratings (“S&P”) gave First Pacific a BBB- issuer rating with Stable outlook. Moody’s Investors Service (“Moody’s”) awarded First Pacific a rating of Baa3 with Stable outlook.

First Pacific has been recognized for its high-quality investment portfolio, its track record of stable earnings and prudent cash

MPTC holds opening ceremony for iconic CCLEX

“We are happy and honored to have come to this point, opening the biggest infrastructure project in this part of the country,” affirmed Metro Pacific Tollways Corporation (“MPTC”) Chairman Manuel V Pangilinan on 27 April 2022.

The inauguration of the Cebu-Cordova Link Expressway (“CCLEX”) was led by Philippines President Rodrigo Duterte. It marked a milestone of engineering, culminating in a spectacular structure and new landmark for Cebu.

PLDT pioneers tower sharing in landmark deal

PLDT reached a historic transaction on 19 April 2022 – the largest-ever acquisition of assets in the Philippines by international investors.

The P77 billion deal relates to the sale-and-leaseback of 5907 telecom towers and related passive telecom infrastructure.

The winning bidders, a subsidiary of edotco Group and a subsidiary of EdgePoint, are backed by global groups with extensive experience in the telecom tower space.

Indofood spices up Indonesia Pavilion at the World Expo Dubai

Indofood, a long-term supporter of its government’s nation-branding, participated in the Indonesian Pavilion at World Expo 2020 Dubai, which ran from 1 October 2021 to 31 March 2022.

Under the theme Indonesia Spice Up the World, Indofood showcased authentic Indonesian culinary products featuring fresh spices sourced from farmer partners.

These fragrant recipe mixes and other authentic culinary products are favored by millions of Indonesian consumers and available in over 100 countries abroad.