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MPIC, MPIF, Huawei tie up for sustainability initiatives

MPIC, MPIF, Huawei tie up for sustainability initiatives
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Metro Pacific core income falls 34%

BusinessWorld
March 4, 2021 | 12:09 am
Pandemic hits toll roads, rail services, water and power businesses
METRO PACIFIC Investments Corp. (MPIC) said on Wednesday that its core net income last year had declined 34% to P10.2 billion as the global health crisis slowed down economic activities and reduced business operations.
“MPIC’s consolidated core net income for 2020 declined 34% to P10.2 billion owing largely to the economic contraction brought about by the COVID-19 pandemic,” the Manuel V-Pangilinan-led holding firm said in a regulatory filing.
MPIC said contributions from its operating businesses were down 26% because of reduced toll road traffic, suspended and decreased light rail services, and lowered demand for water and power last year, among others. ....

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