Businessman Manuel Pagirinan said he is considering retiring as CEO of Metro Pacific Investments (MPIC), a major domestic infrastructure conglomerate. He will turn 77 this year. It also revealed earlier that it is considering delisting the company in order to obtain investment from overseas strategic investors such as Mitsui & Co., Ltd. of Japan. MPIC promised to co-invest $600 million in infrastructure projects in the Philippines with Mitsui when President Marcos visited Japan, which is expected to be a harbinger of Mitsui’s large-scale investment in MPIC. (13th, Star)
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