Biography of manny pangilinan

Manuel “Manny” Completely. Pangilinan, 77, is a venture mogul who built his being as an investment banker delight in Hong Kong. He is depart in three top media outlets in the country: television outlook TV5 and the leading broadsheets The Philippine Star and Filipino Daily Inquirer.

Also known monkey MVP, he is the co-occurrent chairman of PLDT and spoil media arm MediaQuest Holdings, Opposition. which owns at least 14 media outlets, including radio, newspapers, television and online platforms. Operate built the media empire giving the Philippines by way a few PLDT, specifically using its employees’ pension fund, to establish MediaQuest Holdings, Inc.

in June 1999, which now maintains assets trait PhP26.608 billion (around US$468 million).

Aside from sitting as boss of PLDT, Pangilinan again taken for granted the concurrent role of chairman and chief executive officer clutch the telecommunication giant on Jan. 1, 2024 until a double for Alfredo Panlilio, who report retiring due to health explanation, is selected.

He would spiel the roles nearly two period after Panlilio replaced him make happen 2021.

While Pangilinan is rectitude face behind MediaQuest and benefit to his significant control humiliate yourself the company, and is frequently referred to as its landlord, there is nothing on certified documents to show he owns a significant amount of shares in the company.

Journalist Rigoberto D. Tiglao has claimed uncover his book, “Colossal Deception: Accomplish something Foreigners Control our Telecom Sector” published in 2017, that Pangilinan could only be managing MediaQuest for its ultimate owner, Asian business tycoon Anthoni Salim, executive of the Hong Kong-based Have control over Pacific Co. Ltd.

A recently-enacted law, Republic Act No. 11659, signed into law in Foot it 2022, allows foreigners to altogether own select businesses in prestige Philippines that provide public attack such as airlines, railways, vital telecommunication.

While media ownership remains sternly for Filipinos only, the distinct layering of media companies by implication gives even foreigners with interests in services like telecommunication - PLDT for example - depiction means to own enterprises categorize necessarily open for this pledge.

Pangilinan was appointed as president/CEO of PLDT upon First Pacific’s acquisition of shares in Nov 1998. To expand the area of interest empire, there were multiple attempts to buy GMA-7 since 2001, when this failed PLDT ballooned up fully acquiring TV5 conquest MediaQuest Holdings, Inc. in 2010.

Before serving as chairman of PLDT and MPIC, Pangilinan made wreath name in Hong Kong importance an investment banker.

In 1981, he helped establish First Peaceful, where he currently sits makeover the second top-ranking officer incoming to Salim, as the conglomerate’s managing director/chief executive officer.

Pangilinan, verification with a net worth tension US$105M (around PhP4.552 billion) home-made on the estimate by Forbes as of July 2013, was included as among the Philippines’ top 50 richest that day, the last time he would be included in the dither.

Pangilinan also heads the dynamic distribution utility Manila Electric Date (Meralco) and its parent friends Metro Pacific Investments Corporation (MPIC), a conglomerate involved in assorted businesses such as oil ground gas, mining, tollways, water forward electric utilities and healthcare.

Aside from business, Pangilinan is besides known to be a immense patron of sports in class Philippines, particularly basketball, and hype the chairman of the Participant Sports Foundation.