Manuel Velez Pangilinan, (born July 14, 1946), also known by his initials MVP, is a
Filipino
Filipino may refer to:
* Something from or related to the Philippines
** Filipino language, standardized variety of 'Tagalog', the national language and one of the official languages of the Philippines.
** Filipinos, people who are citizens of th ...
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 chairman for the group's investments in the Philippines, such as
Metro Pacific Investments Corporation
Metro Pacific Investments Corporation (MPIC) is a Philippine-based unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. MPIC through its subsidiaries, provides water, sanitation, and sewerage se ...
,
PLDT
PLDT, Inc., formerly known as the Philippine Long Distance Telephone Company ( fil, Kompanya ng Teleponong Pangmalayuan ng Pilipinas), is a Philippine telecommunications, internet and digital service holdings company. It is one of the country's ...
, and Philex Mining Corporation. He is chairman Emeritus of the
Samahang Basketbol ng Pilipinas
The Samahang Basketbol ng Pilipinas () or the SBP is the national sport association for basketball in the Philippines, formed from the merging of the Basketball Association of the Philippines (BAP) and Pilipinas Basketball (PB).
It was formed ...
(SBP) and was its first president, having served two consecutive terms from 2007 to 2018.
Education
Pangilinan completed his primary and secondary
education
Education is a purposeful activity directed at achieving certain aims, such as transmitting knowledge or fostering skills and character traits. These aims may include the development of understanding, rationality, kindness, and honesty. Va ...
at
San Beda College
es, Universidad de San Beda
, image = San Beda University seal.svg
, image_size = 150px
, caption = University Seal
, latin_name = Universitas Sancti Bedæ
, former_names ...
. He graduated ''
cum laude
Latin honors are a system of Latin phrases used in some colleges and universities to indicate the level of distinction with which an academic degree has been earned. The system is primarily used in the United States. It is also used in some Sou ...
'' from the
Ateneo de Manila University
, mottoeng = Light in the Lord
, type = Private, research, non-profit, coeducational basic and higher education institution
, established = December 10, 1859
, religious_affiliation = Roman Catholic (Jesuits)
, academic_aff ...
with a Bachelor of Arts degree in Economics. Pangilinan won a competition sponsored by
Procter & Gamble
The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio, founded in 1837 by William Procter and James Gamble. It specializes in a wide range of personal health/consumer hea ...
for a scholarship to the
Wharton School of the University of Pennsylvania
The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a Private university, private Ivy League rese ...
and graduated in 1968 with a
Master of Business Administration
A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...
degree.
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.
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
American Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was found ...
in Hong Kong as an investment banker.
[
In Hong Kong, Pangilinan co-founded ]First Pacific
First Pacific Company Limited () is a Hong Kong-based investment management and holding company with operations located in Asia. It involves telecommunications, consumer food products and infrastructure.
History
* 1981: First Pacific Finance ...
in 1981 with Sudono Salim
Sudono Salim (16 July 1916 – 10 June 2012), also known as Liem Sioe Liong, was a Chinese-born Indonesian banker and businessman. He was the richest individual in Indonesia. He was the founder and chairman of the conglomerate Salim Group bef ...
and Salim's son, Anthoni Salim. In 1987, Pangilinan established Metro Pacific
Metro Pacific Investments Corporation (MPIC) is a Philippine-based unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. MPIC through its subsidiaries, provides water, sanitation, and sewerage se ...
as First Pacific's investment arm in the Philippines.[ As chairman of Metro Pacific, Pangilinan contributed to nation building through major investments in power distribution and energy innovations (]Meralco
The Manila Electric Company (), also known as Meralco (, ), is an electric power distribution company in the Philippines. It is Metro Manila's only electric power distributor and holds the power distribution franchise for 22 cities and 89 munic ...
), urban water concession (Maynilad Water Services
Maynilad Water Services, Inc., better known as Maynilad, is the water and wastewater services provider of cities and municipalities that form the West Zone of the Greater Manila Area in the Philippines. It is an agent and contractor of the Metro ...
), 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
PLDT, Inc., formerly known as the Philippine Long Distance Telephone Company ( fil, Kompanya ng Teleponong Pangmalayuan ng Pilipinas), is a Philippine telecommunications, internet and digital service holdings company. It is one of the country's ...
, the largest telecommunications firm in the Philippines. The company, which had once been troubled by debt and technological issues, improved under First Pacific's management to become the nation's leading provider of digital communications.
Pangilinan is also a major patron of Philippine sports. He owns three PBA teams – TNT KaTropa
The TNT (cellular service), TNT Tropang Giga is a professional basketball team currently owned by Smart Communications, a subsidiary of the PLDT, Philippine Long Distance Telephone Company (PLDT), playing in the Philippine Basketball Associat ...
, the Meralco Bolts
The Meralco Bolts is a professional basketball team in the Philippine Basketball Association. The team began in 2010 after the Manila Electric Company (MERALCO) acquired the PBA franchise of the Sta. Lucia Realtors. The team is one of three ...
and the NLEX Road Warriors
The NLEX Road Warriors is a professional basketball team owned by NLEX Corporation, a subsidiary of Metro Pacific Investments Corporation, currently playing in the Philippine Basketball Association (PBA) since the 2014–2015 season.
The Roa ...
. He founded the Samahang Basketbol ng Pilipinas
The Samahang Basketbol ng Pilipinas () or the SBP is the national sport association for basketball in the Philippines, formed from the merging of the Basketball Association of the Philippines (BAP) and Pilipinas Basketball (PB).
It was formed ...
(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. He was elected to the Central Board of FIBA
The International Basketball Federation (FIBA ; French: ) is an association of national organizations which governs the sport of basketball worldwide. Originally known as the (hence FIBA), in 1989 it dropped the word ''amateur'' from its na ...
in 2014. Moreover, his MVP Sports Foundation has supported other Philippine athletes, some of whom won gold medals in the 2018 Asian Games
The 2018 Asian Games ( id, Pesta Olahraga Asia 2018 or ''Asian Games 2018''), officially known as the 18th Asian Games and also known as Jakarta-Palembang 2018 or Indonesia 2018, was a Asia, continental multi-sport event that was held from 18 A ...
.
Involvement in sports
Pangilinan is a sports patron having been raised from a basketball loving family. His mother was a fan of the San Beda Red Lions
The San Beda Red Lions is the collegiate varsity basketball team of the San Beda University that plays in the NCAA. The juniors basketball team is called the Red Cubs of San Beda University–Rizal, while the women's varsity basketball team is c ...
basketball team and was best friends with Caloy Loyzaga
Carlos "Caloy" Matute Loyzaga (August 29, 1930 – January 27, 2016) was a Filipino basketball player and coach. He was the most dominant basketball player of his era in the Philippines and is considered as the greatest Filipino basketball playe ...
. His father played the sport along with baseball and tennis. Pangilinan himself plays badminton. Through the MVP Foundation, Pangilinan funds initiatives on badminton, boxing, golf and taekwondo.
Honors
National Honors
*
: Order of Lakandula
The Order of Lakandula ( fil, Orden ni Lakandula) is one of the highest civilian Order (distinction), orders of the Philippines, established on September 19, 2003. It is Award, awarded for political and civic merit and in memory of King Lakandulaâ ...
, Commander – (May 24, 2006)
*
: Order of Lakandula
The Order of Lakandula ( fil, Orden ni Lakandula) is one of the highest civilian Order (distinction), orders of the Philippines, established on September 19, 2003. It is Award, awarded for political and civic merit and in memory of King Lakandulaâ ...
, Grand Cross – (June 5, 2010)
See also
*Kapampangan Development Foundation
In the Philippines, the Kapampangan Development Foundation (KDF) is an organization of Kapampangans living outside the region. It was founded in 1987 by 35 people who were inspired by President Corazon Aquino; in 2012, 11 of its founders remained ...
*Smart Communications
Smart Communications Inc., commonly referred to as Smart (and officially stylized/ self-styled as SMART), is a wholly owned wireless communications and digital services subsidiary of PLDT Inc., a telecommunications and digital services provid ...
*PLDT
PLDT, Inc., formerly known as the Philippine Long Distance Telephone Company ( fil, Kompanya ng Teleponong Pangmalayuan ng Pilipinas), is a Philippine telecommunications, internet and digital service holdings company. It is one of the country's ...
*Sun Cellular
Digitel Mobile Philippines, Inc., doing business as Sun Cellular (or simply known as Sun), was a wholly owned subsidiary of Digital Telecommunications Philippines (Digitel), which in turn was owned by PLDT and is one of the Philippines’ large ...
*Meralco
The Manila Electric Company (), also known as Meralco (, ), is an electric power distribution company in the Philippines. It is Metro Manila's only electric power distributor and holds the power distribution franchise for 22 cities and 89 munic ...
References
External links
*
Biography at Asian Affairs
{{DEFAULTSORT:Pangilinan, Manuel V.
1946 births
Living people
Ateneo de Manila University alumni
Basketball people in the Philippines
Businesspeople in telecommunications
21st-century Filipino businesspeople
Kapampangan people
People from Manila
PLDT people
Wharton School of the University of Pennsylvania alumni
Filipino sports executives and administrators
TV5 Network executives
Filipino company founders
Filipino chairpersons of corporations
Grand Crosses of the Order of Lakandula