Business tycoon Manuel Pangilinan aka MVP has always wanted to go into agribusiness in a big way, with food security being top of mind for everyone in this world. His group has gone into sugar, ice
The Philippines, once the undisputed producer of coconut products globally, is currently on a neck-and-neck race with Indonesia. And that means Metro Pacific will itself be in a friendly competition with its Indonesian affiliate, Indofood, which is also into coconuts, among other agribusinesses.
The Inquirer recently reported that class action law suits had ben lodged against the company and its top executives in relation to the budget mess that had also resulted in financial losses on its investing public. “The company does not have any information to verify or deny the statements in the news article and it is company policy not to comment on impending or pending litigation,” PLDT added.The article mentioned was based on a court filing obtained by the Inquirer. The lawsuit was filed by investor Sophia Olsson on behalf of other plaintiffs in a US court last week. Two US law firms also filed their cases against PLDT.
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