Manuel V. Pangilinan
Encyclopedia
Manuel V Pangilinan also known as Manny Pangilinan and MVP, is a Filipino
businessman. He is the Chairman of the Philippine Long Distance Telephone Company
, from 1998 up to the present.
Pangilinan spent his elementary and high school days at San Beda College
. He graduated cum laude from the Ateneo de Manila University
with a Bachelor of Arts
degree in Economics
. He received his MBA degree in 1968 from the Wharton School of the University of Pennsylvania
. He is also the owner of ABC/TV5
network, Cignal Digital TV
and Smart Communications
. He was the former Chairman of the Board of Trustees of Ateneo de Manila University
.
Group, he holds the positions of President Commissioner of P.T. Indofood Sukses Makmur Tbk, the largest food company in Indonesia. He was named Chairman of Philippine Long Distance Telephone Company (PLDT), after serving as its President and CEO until February 2004. He also serves as Chairman of Maynilad Water Services, Inc., Metro Pacific Tollways Corporation, Medical Doctors, Inc., Metro Pacific Investments Corporation, Landco Pacific Corporation, Pilipino Telephone Corporation, Smart Communications, Inc. and Manila Metro Rail Transit System.
in recognition of his services and contributions to the University. The speeches caused controversy as various parts of them were found to have been lifted from similar graduation speeches made by Oprah Winfrey
, Barack Obama
, JK Rowling, and Conan O'Brien
. Pangilinan openly admitted to the act in a written apology to Fr. Bienvenido Nebres
, SJ
, President of the Ateneo de Manila University, and offered to resign from his official duties in the Ateneo out of "deep personal embarrassment." Fr. Nebres's immediate reaction was not to accept Pangilinan's resignation, but to defer judgment to his board.
and South Luzon Expressways
through his company, the Metro Pacific Tollways Corporation. Pangilinan-led company Metro Pacific Investment Corporation had invested in different utility companies in the Philippines such as Makati Medical Center
in Makati City
, Cardinal Santos Medical Center, Davao Doctor's Hospital in Davao City
, Maynilad a water utility system serving western Metro Manila and the biggest competitor of Manila Waters Incorporated a Ayala
-led company which is serving the eastern part of the metro., Manila North Harbour Management, Metro Pacific Tollways Corporation, and Meralco
or Manila Electric Company a Lopez
-led Company which is reported that effective on July 1, 2010, Manuel V. Pangilinan is the new President and Chief Executive Officer of the company while Manolo Lopez is the chairman. MVP owns more than 40% of Meralco
through PLDT/MPIC/ and Piltel Group with Ramon S. Ang, the President and CEO of San Miguel Corporation
, who also has a 27% share of the company.
in the NBA. “I have to admit, the idea is very titillating,” Pangilinan said during a recent briefing where he confirmed rumors that he had been invited to help keep alive the franchise of the financially strapped Kings. As he does with most of his business ventures, however, he said he would not settle for being a passive investor. “If we proceed, we’ll be seeking a majority stake,” said Pangilinan, who owns the Talk 'N Text Tropang Texters and the Meralco Bolts
in the Philippine Basketball Association
and heads the Samahang Basketbol ng Pilipinas, the governing body in amateur basketball. “Whether we do it or not, it’s a great idea for a Filipino group to own an NBA team,” he said, adding that this would eventually open up the doors to having Filipino players or team coaches. “It’s a great tribute to the country,” added Pangilinan. He said the group of investors was organized by retired former NBA All-Star Chris Webber
, who was part of the Kings from 1998 to 2005. Webber met with Pangilinan, chair of the PLDT
—among other firms—during a recent trip to Sacramento, where he visited the Kings’ home stadium, the Arco Arena
. He said he would need to invest between $200 million and $260 million for a stake in the Kings, and that this would be done in his personal capacity. “That’s the ballpark figure [involved],” Pangilinan said. If a deal pushes through, this will make him the first Asian to control an NBA franchise. From one of the best teams in the NBA from 2001 to 2003, the Kings slowly lost their vaunted strength, and earlier this year failed to make it into the NBA playoffs. The Kings have been suffering from financial losses in the past few years due to the team’s relatively poor performance. The team is owned by the group of California businessman George Maloof Sr., which, due to its interests in US real estate, has had its own money troubles.
Filipino billionaires
Filipino people
The Filipino people or Filipinos are an Austronesian ethnic group native to the islands of the Philippines. There are about 92 million Filipinos in the Philippines, and about 11 million living outside the Philippines ....
businessman. He is the Chairman of the Philippine Long Distance Telephone Company
Philippine Long Distance Telephone Company
The Philippine Long Distance Telephone Company commonly known as PLDT, is the largest telecommunications company in the Philippines. PLDT is also the largest company in the Philippines, ranked 1138th in the April 2009 update, and 1080th in the April 2010 update, of Forbes' Global 2000 list...
, from 1998 up to the present.
Pangilinan spent his elementary and high school days at San Beda College
San Beda College
San Beda College or Dalubhasaan ng San Beda in Filipino is a Private Benedictine college run by the Benedictine monks in the Philippines. It is located on Mendiola Street in San Miguel, Manila...
. He graduated cum laude from the Ateneo de Manila University
Ateneo de Manila University
The Ateneo de Manila University is a private teaching and research university run by the Society of Jesus in the Philippines. It began in 1859 when the City of Manila handed control of the Escuela Municipal de Manila in Intramuros, Manila, to the Jesuits...
with a Bachelor of Arts
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
degree in Economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
. He received his MBA degree in 1968 from the Wharton School of the University of Pennsylvania
Wharton School of the University of Pennsylvania
The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States...
. He is also the owner of ABC/TV5
Associated Broadcasting Company
The Associated Broadcasting Company, Inc is a television network in the Philippines, with main broadcast facilities and transmitter located at 762 Quirino Highway, San Bartolome, Novaliches, Quezon City. The network was previously known as the , Associated Broadcasting Company remains the legal...
network, Cignal Digital TV
Cignal Digital TV
Cignal Digital TV is a subscription-based Direct-To-Home satellite television service provider in the Philippines. Cignal is owned by MediaScape, a wholly owned subsidiary of the MediaQuest Holdings, Inc...
and Smart Communications
Smart Communications
Smart Communications is a wholly owned mobile phone and Internet service subsidiary of the Philippine Long Distance Telephone Company .On June 30, 2010 the company reported that it had over 45 million cellular subscribers.-Brands:...
. He was the former Chairman of the Board of Trustees of Ateneo de Manila University
Ateneo de Manila University
The Ateneo de Manila University is a private teaching and research university run by the Society of Jesus in the Philippines. It began in 1859 when the City of Manila handed control of the Escuela Municipal de Manila in Intramuros, Manila, to the Jesuits...
.
Current investments
Pangilinan founded First Pacific in 1981 and served as its Managing Director until 1999. He was appointed as Executive Chairman until June 2003, when he was named CEO and Managing Director. Within the First PacificFirst Pacific
First Pacific Company Limited is a Hong Kong-based investment and management company with operations located in Asia. It involves telecommunications, consumer food products and infrastructure. Its chairman is Anthoni Salim , an Indonesian Chinese entrepreneur....
Group, he holds the positions of President Commissioner of P.T. Indofood Sukses Makmur Tbk, the largest food company in Indonesia. He was named Chairman of Philippine Long Distance Telephone Company (PLDT), after serving as its President and CEO until February 2004. He also serves as Chairman of Maynilad Water Services, Inc., Metro Pacific Tollways Corporation, Medical Doctors, Inc., Metro Pacific Investments Corporation, Landco Pacific Corporation, Pilipino Telephone Corporation, Smart Communications, Inc. and Manila Metro Rail Transit System.
2010 Ateneo commencement address
During the Ateneo de Manila University graduation rites on March 26 and 27, 2010, Pangilinan was invited to deliver a speech for the graduating class, after being awarded an honorary degreeHonorary degree
An honorary degree or a degree honoris causa is an academic degree for which a university has waived the usual requirements, such as matriculation, residence, study, and the passing of examinations...
in recognition of his services and contributions to the University. The speeches caused controversy as various parts of them were found to have been lifted from similar graduation speeches made by Oprah Winfrey
Oprah Winfrey
Oprah Winfrey is an American media proprietor, talk show host, actress, producer and philanthropist. Winfrey is best known for her self-titled, multi-award-winning talk show, which has become the highest-rated program of its kind in history and was nationally syndicated from 1986 to 2011...
, Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...
, JK Rowling, and Conan O'Brien
Conan O'Brien
Conan Christopher O'Brien is an American television host, comedian, writer, producer and performer. Since November 2010 he has hosted Conan, a late-night talk show that airs on the American cable television station TBS....
. Pangilinan openly admitted to the act in a written apology to Fr. Bienvenido Nebres
Bienvenido Nebres
Father Bienvenido F. Nebres, S.J. is a Filipino scientist, mathematician, and Jesuit who was the longest-serving university President of the Ateneo de Manila University. He succeeded Fr. Joaquin G. Bernas, S.J. in 1993, and served as University President until 1 June 2011...
, SJ
Society of Jesus
The Society of Jesus is a Catholic male religious order that follows the teachings of the Catholic Church. The members are called Jesuits, and are also known colloquially as "God's Army" and as "The Company," these being references to founder Ignatius of Loyola's military background and a...
, President of the Ateneo de Manila University, and offered to resign from his official duties in the Ateneo out of "deep personal embarrassment." Fr. Nebres's immediate reaction was not to accept Pangilinan's resignation, but to defer judgment to his board.
Company Ownership
| Company | Position | Share | President/CEO |
|---|---|---|---|
| Philippine Long Distance Telephone Company Philippine Long Distance Telephone Company The Philippine Long Distance Telephone Company commonly known as PLDT, is the largest telecommunications company in the Philippines. PLDT is also the largest company in the Philippines, ranked 1138th in the April 2009 update, and 1080th in the April 2010 update, of Forbes' Global 2000 list... (PLDT) |
Chairman | 100% | Napoleon L. Nazareno |
| Associated Broadcasting Company Associated Broadcasting Company The Associated Broadcasting Company, Inc is a television network in the Philippines, with main broadcast facilities and transmitter located at 762 Quirino Highway, San Bartolome, Novaliches, Quezon City. The network was previously known as the , Associated Broadcasting Company remains the legal... (TV5) |
Chairman | MediaQuest Holdings, Inc.100% | Ray C. Espinosa |
| Smart Communications Smart Communications Smart Communications is a wholly owned mobile phone and Internet service subsidiary of the Philippine Long Distance Telephone Company .On June 30, 2010 the company reported that it had over 45 million cellular subscribers.-Brands:... |
Chairman | 100% | Napoleon L. Nazareno |
| SPi Global Inc. | Chairman | 100% | Ray C. Espinosa |
| Meralco Meralco The Manila Electric Company , also known as MERALCO or Meralco, is the Philippines' largest distributor of electrical power.The word MERALCO, is an acronym for Manila Electric Railroad And Light COmpany, which was the company's original name from 1903 to 1919.MERALCO is the Metro Manila's only... |
Chairman, President and CEO | 47.6% | |
| Stradcom International Holdings Inc. | Chairman | ePLDT 9.5%=172.8 million | |
| CURE Inc. (Connectivity Unlimited Resource Enterprise, Inc.) (Red Mobile Red Mobile Red Mobile , formerly ümobile and legally as Connectivity Unlimited Resource Enterprise, Inc. , is a wholly owned subsidiary of Smart Communications, the Philippines' largest mobile telecommunications company. When it was initially launched as ümobile, it used the CURE Universal Mobile... ) |
Chairman | 100% | Eric O. Recto |
| San Beda College San Beda College San Beda College or Dalubhasaan ng San Beda in Filipino is a Private Benedictine college run by the Benedictine monks in the Philippines. It is located on Mendiola Street in San Miguel, Manila... |
Chairman Board Of Trustees | Fr. Aloysius Maranan, OSB, | |
| First Pacific First Pacific First Pacific Company Limited is a Hong Kong-based investment and management company with operations located in Asia. It involves telecommunications, consumer food products and infrastructure. Its chairman is Anthoni Salim , an Indonesian Chinese entrepreneur.... |
CEO | ||
| Cignal Digital TV Cignal Digital TV Cignal Digital TV is a subscription-based Direct-To-Home satellite television service provider in the Philippines. Cignal is owned by MediaScape, a wholly owned subsidiary of the MediaQuest Holdings, Inc... |
Chairman | MediaQuest Holdings, Inc. | |
| Pilipino Telephone Corporation Pilipino Telephone Corporation The Pilipino Telephone Corporation , commonly known as Piltel, is a holding company of the PLDT Group for its venture into the electricity distribution industry. Previously, it was one of the mobile and fixed-line telephone service providers in the Philippines... (Piltel) (Talk 'N Text Talk 'N Text Talk 'N Text is a cellular service, based in The Philippines, which belongs to Smart Communications. This is formerly known as Mobiline and Phone Pal. By April 2000, Piltel launched its GSM brand, Talk 'N Text. Piltel also reported 16,590,737 subscribers to its GSM brand, Talk 'N Text, before its... ) |
Chairman | Smart Tel. 99.50% | Napoleon L. Nazareno |
| First Pacific Tollways Corporation | Chairman | Metro Pacific Investments Corporation | |
| Metro Pacific Investments Corporation Metro Pacific Investments Corporation Metro Pacific Investments Corporation is a Philippine-based unit investment corporation of the First Pacific Company Limited with interests in real estate development and infrastructure development and management.-External links:* ' - Official website... |
Chairman | Jose K. Ma. Lim | |
| Philex Mining Corporation | Chairman |
North Harbor Management
The management of Manila North Harbor is under the Harbour Port Inc., a joint venture of Harbour Port Terminal Inc., of Reghis Romero II and Metro Pacific Investment Corporation of Manny V. Pangilinan.Meralco Leadership
Manny Pangilinan is planning to build an elevated highway connecting the North LuzonNorth Luzon Expressway
The North Luzon Expressway , and which is formerly called the North Diversion Road, and officially known as Radial Road 8 is a 4 to 8-lane limited-access toll expressway that connects Metro Manila to the provinces of the Central Luzon region in the Philippines...
and South Luzon Expressways
South Luzon Expressway
The South Luzon Expressway ', which is formerly called the South Superhighway ', and officially known as Radial Road 3 or R-3, is a network of three expressways that connects Metro Manila to the provinces of the CALABARZON region in the Philippines...
through his company, the Metro Pacific Tollways Corporation. Pangilinan-led company Metro Pacific Investment Corporation had invested in different utility companies in the Philippines such as Makati Medical Center
Makati Medical Center
Makati Medical Center is a 717-bed tertiary hospital in the Philippines. The hospital began operation on . Since its start in 1969, the Makati Medical Center has been the birthplace for many dramatic firsts in medical history in the Philippines, in Asia, and the world...
in Makati City
Makati City
The City of Makati is one of the 17 cities that make up Metro Manila, one of the most populous metropolitan areas in the world. Makati is the financial center of the Philippines and one of the major financial, commercial and economic hubs in Asia...
, Cardinal Santos Medical Center, Davao Doctor's Hospital in Davao City
Davao City
The City of Davao is the largest city in the island of Mindanao in the Philippines. Its international airport and seaports are among the busiest cargo hubs in the Philippines....
, Maynilad a water utility system serving western Metro Manila and the biggest competitor of Manila Waters Incorporated a Ayala
Ayala
-Places:*Ciudad Ayala, Morelos, Mexico*Ayala, a town in Álava province, Spain*Ayala Center, the Philippines*Ein Ayala, Israeli moshav-Organizations and companies:*Ayala Corporation, a holding company operating in the Philippines*Ayala & Co., champagne producer...
-led company which is serving the eastern part of the metro., Manila North Harbour Management, Metro Pacific Tollways Corporation, and Meralco
Meralco
The Manila Electric Company , also known as MERALCO or Meralco, is the Philippines' largest distributor of electrical power.The word MERALCO, is an acronym for Manila Electric Railroad And Light COmpany, which was the company's original name from 1903 to 1919.MERALCO is the Metro Manila's only...
or Manila Electric Company a Lopez
López
López is a common surname in the Spanish language . It was originally a patronymic, meaning Son of Lope, Lope itself being a Spanish given name deriving from Latin lupus, meaning wolf...
-led Company which is reported that effective on July 1, 2010, Manuel V. Pangilinan is the new President and Chief Executive Officer of the company while Manolo Lopez is the chairman. MVP owns more than 40% of Meralco
Meralco
The Manila Electric Company , also known as MERALCO or Meralco, is the Philippines' largest distributor of electrical power.The word MERALCO, is an acronym for Manila Electric Railroad And Light COmpany, which was the company's original name from 1903 to 1919.MERALCO is the Metro Manila's only...
through PLDT/MPIC/ and Piltel Group with Ramon S. Ang, the President and CEO of San Miguel Corporation
San Miguel Corporation
Established in 1890 as a brewery, San Miguel Corporation is Southeast Asia's largest publicly listed food, beverage and packaging company with over 17,000 employees in over 100 major facilities throughout the Asia-Pacific....
, who also has a 27% share of the company.
Interest on Sacramento Kings
Manny V. Pangilinan wants a majority stake if he finally decides to accept an offer to join a group of investors that will take over the struggling Sacramento KingsSacramento Kings
The Sacramento Kings are a professional basketball team based in Sacramento, California, United States. They are currently members of the Western Conference of the National Basketball Association...
in the NBA. “I have to admit, the idea is very titillating,” Pangilinan said during a recent briefing where he confirmed rumors that he had been invited to help keep alive the franchise of the financially strapped Kings. As he does with most of his business ventures, however, he said he would not settle for being a passive investor. “If we proceed, we’ll be seeking a majority stake,” said Pangilinan, who owns the Talk 'N Text Tropang Texters and the Meralco Bolts
Meralco Bolts
The Meralco Bolts is a professional basketball team of the Philippine Basketball Association founded in 2010 when the Manila Electric Company bought the Sta...
in the Philippine Basketball Association
Philippine Basketball Association
The Philippine Basketball Association , is a men's professional basketball league in the Philippines composed of 10 company-branded franchised teams. It is the first and oldest professional basketball league in Asia and the second oldest in the world after the NBA...
and heads the Samahang Basketbol ng Pilipinas, the governing body in amateur basketball. “Whether we do it or not, it’s a great idea for a Filipino group to own an NBA team,” he said, adding that this would eventually open up the doors to having Filipino players or team coaches. “It’s a great tribute to the country,” added Pangilinan. He said the group of investors was organized by retired former NBA All-Star Chris Webber
Chris Webber
Mayce Edward Christopher "Chris" Webber, III , nicknamed C-Webb, is a retired American professional basketball player. He is a five-time NBA All-Star, a former All-NBA First Teamer, a former NBA Rookie of the Year, and a former #1 overall NBA Draftee...
, who was part of the Kings from 1998 to 2005. Webber met with Pangilinan, chair of the PLDT
Philippine Long Distance Telephone Company
The Philippine Long Distance Telephone Company commonly known as PLDT, is the largest telecommunications company in the Philippines. PLDT is also the largest company in the Philippines, ranked 1138th in the April 2009 update, and 1080th in the April 2010 update, of Forbes' Global 2000 list...
—among other firms—during a recent trip to Sacramento, where he visited the Kings’ home stadium, the Arco Arena
ARCO Arena
Power Balance Pavilion is an indoor arena, located in the Natomas area of Sacramento, California. It is the home of the NBA's Sacramento Kings.-Background:...
. He said he would need to invest between $200 million and $260 million for a stake in the Kings, and that this would be done in his personal capacity. “That’s the ballpark figure [involved],” Pangilinan said. If a deal pushes through, this will make him the first Asian to control an NBA franchise. From one of the best teams in the NBA from 2001 to 2003, the Kings slowly lost their vaunted strength, and earlier this year failed to make it into the NBA playoffs. The Kings have been suffering from financial losses in the past few years due to the team’s relatively poor performance. The team is owned by the group of California businessman George Maloof Sr., which, due to its interests in US real estate, has had its own money troubles.
External links
- Biography at Asian Affairs
- Biography at Metro Pacific
- Manny Pangilinan Speech to 2006 Ateneo Graduates
Filipino billionaires