Manuel V. Pangilinan

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Businessman Manuel Pangilinan during the Negosyo Para sa Kapayapaan sa Sulu: Christmas Town Hall with the President held in Malacañan Palace in 2016. (Photo from ALBERT ALCAIN/Presidential Photo)

Manuel "Manny" Velez Pangilinan, (born July 14, 1946), also known by his initials MVP, is a Filipino businessman and sports patron. He is the managing director and CEO of First Pacific Company Limited, a Hong Kong-based investment management and holding company with operations in the Asia-Pacific region. Pangilinan is also First Pacific's chief executive for the group's investments in the Philippines, such as Metro Pacific Investments Corporation, PLDT, and Philex Mining Corporation. He is chairman Emeritus of the Samahang Basketbol ng Pilipinas (SBP) and was its first president, having served two consecutive terms from 2007 to 2018.

Education

Pangilinan completed his primary and secondary education at San Beda College. He graduated cum laude from the Ateneo de Manila University with a Bachelor of Arts degree in Economics. Pangilinan won a competition sponsored by Procter & Gamble for a scholarship to the Wharton School of the University of Pennsylvania and graduated in 1968 with a Master of Business Administration degree.[1]

Career

Pangilinan's first job was as the Executive Assistant to the President of the Philippine Investment Management Consultants, Inc. (PHINMA) where he served for six years.[2]

In 1976, Pangilinan relocated to Hong Kong as executive director at Bancom International, an investment bank, where he gained experience in international finance. He then went on to the American Express in Hong Kong as an investment banker[2]

In Hong Kong, Pangilinan co-founded First Pacific in 1981 with Liem Sioe Liong and his son, Anthoni Salim. Through First Pacific, Pangilinan returned to the Philippines after 22 years with a number of investments under Metro Pacific Investment Corporation (Metro Pacific).[2] 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). He is also Chairman of TV5 and Philex Mining Corporation.

In 1998, First Pacific acquired PLDT, the largest telecommunications firm in the Philippines. The company, which had once been troubled by debt and technological issues,[3] improved under First Pacific's management to become the nation's leading provider of digital communications.[4]

Pangilinan is also a major patron of Philippine sports. He owns three PBA teams – TNT KaTropa, the Meralco Bolts and the NLEX Road Warriors. He founded the Samahang Basketbol ng Pilipinas (SBP), the national sport association for basketball in the Philippines. He served as the first president of SBP for two consecutive terms (2007 to 2016). He is currently the chairman emeritus of SBP.[5] He was elected to the Central Board of FIBA in 2014.[6] Moreover, his MVP Sports Foundation has supported other Philippine athletes, some of whom won gold medals in the 2018 Asian Games.[7]

Involvement in sports

Pangilinan is a sports patron who funds basketball due to coming from a basketball family. His mother is a fan of the San Beda Lions basketball team and is best friends with Caloy Loyzaga and his father plays the sport along with baseball and tennis. Pangilinan himself plays badminton. Through the MVP Foundation, Pangilinan also funds initiatives on badminton, boxing, golf and taekwondo.[8]

Honors

National Honors

  1. Sabornido, Lyza (July 22, 2012). "Manny Pangilinan: A Filipino Entrepreneur's Success Story". BusinessTips.com.ph. Retrieved September 23, 2019.
  2. 2.0 2.1 2.2 "Manny Pangilinan's journey to success". Philippine Primer. March 19, 2017. Retrieved September 23, 2019.
  3. Tribune, Uli Schmetzer, Chicago. "TELEPHONE MONOPOLY HANGS UP PHILIPPINES". chicagotribune.com.
  4. "PLDT is undisputed leader in home broadband". pldthome.com.
  5. A message from SBP Chairman Emeritus, Manuel V. Pangilinan – SAMAHANG BASKETBOL NG PILIPINAS INC".
  6. Bracher, Jane (September 14, 2014). "Manny V. Pangilinan elected to FIBA board". SPIN.PH. Retrieved March 1, 2019.
  7. "MVP Sports Foundation seeks to further hone Pinoy athletes for international tourneys". September 6, 2018.
  8. Catacutan, Dodo (September 22, 2019). "Why MVP isn't giving up on the country's basketball dream". Sports Interactive Network Philippines. Retrieved September 23, 2019.