Manny Pangilinan

Quick Facts
Full Name: Manuel Velez Pangilinan

Known as: Manny Pangilinan or MVP
Birthdate: July 14, 1946
Place of birth: Manila, Philippines
Age: 77 years old
Net worth: $105M
Parents: Soledad Perreira Velez, Dominador Reyes Pangilinan
Birth order: Second son
Marital Status: Single
Source of Wealth: Diversified, Self-made
Residence: Makati City, Philippines
Position:
Chairman and President of Metro Pacific Investments Corporation (MPIC)
President and CEO of Philippine Long Distance Telephone Company and Smart
Communications Incorporated
President Commissioner of PT Indofood Sukses Makmur Tbk
Chairman, Vice Chairman, or Board Director at: Manila Electric Company, Maynilad
Water Services Corporation, Mediaquest Incorporated, Associated Broadcasting
Corporation, Philex Mining Corporation, Philex Petroleum Corporation, Manila North
Tollways Corporation, Landco Pacific Corporation, Medical Doctors Incorporated,
Colinas Verdes Hospital Managers Corporation, Davao Doctors Incorporated, Riverside
Medical Center Incorporated in Bacolod, East Manila Hospital Managers Corporation,
Asian Hospital Incorporated, Central Luzon Doctors’ Hospital in Tarlac, De Los Santos
Medical Center, Metro Pacific Zamboanga Hospital Corporation, and The Megaclinic
Incorporated
Vice Chairman of Roxas Holdings Incorporated
Chairman of the Board of Trustees of San Beda College
Chairman of the Philippine Disaster Resiliency Foundation, Incorporated (PDRF) and
the Philippine Business for Social Progress (PBSP)
Co-Chairs the US-Philippines Business Society
Chairman Emeritus of the Samahang Basketbol ng Pilipinas
Chairman of the Amateur Boxing Association of the Philippines
Education
Pangilinan completed his primary and secondary education at San Beda.
He finished his Bachelor of Arts in Economics from Ateneo de Manila University where
he graduated cum laude.
He pursued his Master of Business Administration in the Wharton School of Finance
and Commerce as a Procter & Gamble Fellow.
He was awarded the First Honorary Doctorates Degree in Management by the Asian
Institute of Management in 2016, Honorary Doctorates in Science by the Far Eastern
University in 2010, and in Humanities by the Holy Angel University in 2008, by Xavier
University in 2007 and by San Beda College in 2002 in the Philippines.
Business and Professional Background/ Experience
Mr. Pangilinan founded First Pacific Company Limited, a corporation listed on the Hong
Kong Stock Exchange, in May 1981.
He served as Managing Director of First Pacific Company Limited since its founding in
1981 until 1999.
He was appointed Executive Chairman until June 2003, after which he was named
Managing Director and Chief Executive Officer.
In May 2006, the Office of the President of the Philippines awarded Mr. Pangilinan the
Order of Lakandula, rank of Komandante, in recognition of his contributions to the
country.
He was named Management Man of the Year 2005 by the Management Association of
the Philippines.
Brief background of the business or businesses
1. First Pacific Company Limited
First Pacific is a Hong Kong-based investment holding company with investments
located in Asia-Pacific. The Company’s principal investments are in consumer food
products, telecommunications, infrastructure, and natural resources.
2. Metro Pacific Investments Corporation
Metro Pacific Investments Corporation (MPIC) was incorporated on March 20, 2006
as an investment holding company. The Company is organized into the following
segments based on services and products: power, toll operations, water, healthcare,
rail, logistics, and others.
3. PLDT Inc.
The PLDT, which was founded on November 28, 1928, is the Philippines' largest
fully integrated telco company. Through its principal business groups — from fixed
line to wireless — PLDT offers a wide range of telecommunications and digital
services across the Philippines’ most extensive fiber optic backbone, and fixed line
and cellular networks.
4. Meralco
Meralco is the largest private sector electric distribution utility company in the
Philippines covering 39 cities and 72 municipalities. Meralco was established in
March 24, 1903.
5. Indofood Sukses Makmur Tbk (Indofood)
Indofood, which was established on August 14, 1990, is Indonesia's largest food
processing company and the world's biggest producer of instant noodles. The
company forms part of the Salim Group, Indonesia's biggest conglomerate, founded
by Sudono Salim.
6. TV5 Network, Inc.
TV5 Network, Inc., commonly known as TV5, is a Philippine media company based
in Mandaluyong, with its alternate studios located in Novaliches, Quezon City. It is
primarily involved in radio and television broadcasting, with subsidiaries and affiliates
dealing in various media related businesses. TV5 started its operations on July 22,
2004.
Innovations/products/services offered
As chairman of Metro Pacific, Pangilinan contributed to nation building through major

investments in power distribution and energy innovations (Meralco), urban water
concession (Maynilad Water Services), tollways (Metro Pacific Tollways Corporation),
upgrading hospitals and health services (Metro Pacific Investments Corporation).
Additionally, Pangilinan is also a major patron of Philippine Sports.
Type and Classification of the Entrepreneur
Pangilinan was equipped with passion, courage, and determination which is why he
achieved the success he has today. Pangilinan’s journey on achieving success belongs
to the rags-to-riches articles or stories which served as an inspiration to people
including myself.
The Pangilinan family did not have any pre-existing businesses, which made him a first-
generation entrepreneur. He established his own enterprise through his sheer hard
work, ultimately gaining recognition worldwide.
MVP's success serves as a beacon of hope, reminding me that with entrepreneurship

and the continuous enhancement of my skills and talents, my present life situation is
nowhere near its full potential. It encourages me to explore my potential and strive for
greater success. It's a reminder that there is ample room for improvement, which are
essential for realizing the life I've long envisioned and aspired to achieve.
Entrepreneurial Competencies
 In a variety of industries, including notably utilities, infrastructure, and

telecommunications, Manny Pangilinan has demonstrated an unparalleled ability
to recognize and capture economic possibilities.
 Manny Pangilinan showed the essence of taking risks and overcoming
challenges that comes with the risk taken.
 Manny Pangilinan has demonstrated strong leadership abilities in managing his
people and encouraging cooperation while serving as the head of numerous
businesses and organizations.
 Manny Pangilinan's ability at managing and allocating financial resources for
business expansion represents his knowledge on finance.
 His endeavors have benefited greatly from the important connections he has
made with investors, government representatives, and collaborators both
domestically and abroad.
 In order to remain competitive and satisfy changing customer needs, Manny
Pangilinan has encouraged innovation across a range of businesses, most
notably in the telecommunications sector.
Reflections
All of us have high hopes for a future where achievement is an element of priceless
wealth, an efficient tool that helps us grow as individuals, improves the lives of others
around us, and eventually strengthens our country. The crucial question is, what plans
of action and tactics can we implement to make this shared vision of achievement and
advancement a reality?
Manny Pangilinan is a Filipino businessman and one of the most successful
entrepreneurs in the Philippines. But before becoming into a person he is now,
Pangilinan was once an ambitious dreamer who aspired to achieve great success.
Unlike any other entrepreneurs who inherited such businesses, MVP first faced a
myriad of hardships before attaining remarkable achievements in life.
MVP wasn’t born in a wealthy family. While he was still young, he already witnessed
and experienced the burden of living a life without the light of success. So, him, being a
visionary, believed that he can achieve everything in life through education. Because of
his unwavering determination, he pursued education at San Beda College under a
scholarship. Compared to his classmates who already have abundant wealth, MVP just
had an allowance of 25 centavos a day. When he went to Ateneo de Manila University
where he took up a Bachelor Degree of Economics, his allowance improved to 10 pesos
per week. That only proves that poverty is not a hindrance to reach success. If
determination and passion prevail, all your ambitions will live in reality.
MVP's journey to success was far from an easy path. He encountered failures and
setbacks while building his name and businesses. Upon graduation, he aspired to
pursue an MBA in the United States. Unfortunately, due to financial constraints, his
father couldn't support his ambition. Undeterred, MVP remained determined to achieve
his dream. Serendipity smiled upon him when he won a national scholarship
competition to the University of Pennsylvania's Wharton School, which was sponsored
by Procter & Gamble. However, despite his victory, Procter & Gamble rejected his
application.
Refusing to surrender, MVP seized the first job opportunity that came his way—an
executive assistant to the president at Phinma, with a monthly salary of just P 1,000.
After six years of dedicated work, he made the bold decision to leave Phinma. MVP
yearned for independence and continued his journey abroad. This quest for self-reliance
presented its own set of challenges.
He joined Bancom International, a Philippine investment bank based in Hong Kong, with
the expectation of becoming the CEO. However, that position eluded him. At the age of
30, MVP found himself grappling with a mid-life crisis. Still, he summoned the strength
to regroup and return to Hong Kong, rejoining American Express.
In 1981, MVP founded First Pacific in Hong Kong with the assistance of individuals he
had met during his years of work in the region. His integrity and determination had
earned the trust of those who supported his vision for regional banking and trading. By
2006, First Pacific had grown into a massive conglomerate with $5 billion in assets and
a workforce of 60,000 employees across the region.
MVP's journey underscores the reality that before achieving success, individuals often
must confront and conquer life's formidable challenges. These trials and tribulations
serve as crucibles, shaping individuals into resilient and determined beings who are
better equipped to embrace the taste of victory when it arrives.
References
Federle, M. (2023, July 31) Manuel V. Pangilinan. Forbes. Retrieved from
https://www.forbes.com/profile/manuel-v-pangilinan/?sh=69f38c852c41
Marketscreener. (n.d.). Manuel Pangilinan - Biography.
https://www.marketscreener.com/business-leaders/Manuel-Pangilinan-3977/biography/
Mariano, J. P. (2018, July 13). An M.V.P. at Life. BusinessWorld.
https://www.bworldonline.com/features/2018/07/13/173087/an-m-v-p-at-life/
#google_vignette
Roxas Holdings. (n.d.). About Us. https://www.roxasholdings.com.ph/about-us.do?
id=22279
Philex Mining Corporation. (2019). Directors' Profile 2019.
https://www.philexmining.com.ph/wp-content/uploads/2017/01/Directors-Profile-
2019.pdf
First Pacific Company Limited. (n.d.). Home.
https://www.firstpacific.com/global/home.php
Indonesia Investments. (n.d.). Indofood Sukses Makmur. https://www.indonesia-
investments.com/business/indonesian-companies/indofood-sukses-makmur/item227
PLDT. (n.d.). PLDT's Business. https://main.pldt.com/about-us/pldts-business
FPLA. (n.d.). Manuel V. Pangilinan. First Pacific Leadership Academy.
https://fpla.com.ph/leaderships/manuel-v-pangilinan-3/
GT Capital Holdings. (n.d.). Manuel V. Pangilinan. https://www.gtcapital.com.ph/manuel-
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Quick Facts

Full Name: Manuel Velez Pangilinan

As chairman of Metro Pacific, Pangilinan contributed to nation building through major

Type and Classification of the Entrepreneur

MVP's success serves as a beacon of hope, reminding me that with entrepreneurship

 In a variety of industries, including notably utilities, infrastructure, and

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