MPIC investing P116B this year, up 15% from 2024

Metro Pacific Investments Corporation (MPIC), led by Pangilinan, is investing P116 billion this year for capital expenditures, marking a 15% increase from the P101 billion spent in 2024.

This year's capex will primarily fund MPIC's core businesses such as Meralco, Metro Pacific Tollways Corporation (MPTC), and Maynilad Water Services.

The largest portion of the budget will go to Meralco for constructing solar plants and expanding distribution facilities, followed by MPTC for existing projects like the Candaba Viaduct.

Maynilad's share will be used for water treatment plant construction and non-revenue water management.

MPIC expects low-double-digit income growth in 2025, driven by essential services such as power, toll roads, and water, which are less affected by economic turmoil.