MPIC named best managed company in the Philippines

METRO PACIFIC Investments Corp. (MPIC) emerged as the “best managed company” in the Philippines, according to a new FinanceAsia poll.

FinanceAsia revealed on its Web site the results of its “Asia’s Best Managed Companies 2017” survey that showed MPIC topping the Philippine list, ahead of Ayala Corporation, Globe Telecom, Inc. and Ayala Land, Inc.

Manila Electric Company (Meralco) and Philex Mining Corp. ranked 5th and 6th under the Best Managed Companies category.

More than 180 portfolio managers and buyside analysts focused on Asia listed companies participated in the FinanceAsia survey.

MPIC also topped the “Most Committed to Corporate Governance” category, with Philex Mining and PLDT, Inc. both ranked 4th.

MPIC was also voted “Best at Investor Relations,” followed by PLDT in second place and Philex Mining in fourth.

For “Best at Corporate Social Responsibility,” MPIC placed first, while Philex Mining and PLDT ranked third and fifth, respectively.

MPIC Chief Finance Officer David J. Nicol was voted as the Philippines’ Best CFO, while Philex Mining Corp. CFO Danny Y. Yu ranked second.

The survey also showed Globe Telecom Chief Executive Officer Ernest Cu as the Philippines’ Best CEO, followed by MPIC’s Jose Ma. Lim.

MPIC is one of three key Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld through the Philippine Star Group, which it controls.