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Metro Pacific Investments Corp., an infrastructure conglomerate chaired by tycoon Manuel V. Pangilinan, reported a core net income of P14.2 billion last year, up 15 percent from a year earlier.
Metro Pacific Agro Ventures Inc., the wholly owned agriculture unit of Metro Pacific Investments Corp., is putting up the country’s biggest vegetable greenhouse facility here under its second venture with Israeli firm LR Group Ltd. with a P1-billion investment.
Metro Pacific earmarks P1B for Bulacan greenhouse - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Metro Pacific Investments Corp. is betting big on agriculture, with plans to acquire one or two more agri-based companies potentially before the entry of a strategic investor, while still retaining the conglomerate’s position as a key infrastructure player in the country, sources said.