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Tag: Manny Pangilinan

Pangilinan offers Spratlys to Chinese oil firm in Reed Bank talks

Published by Ellen on March 10, 2014

By Theresa Martelino-Reyes, VERA Files

(Conclusion)

Business tycoon Manuel V. Pangilinan offered China’s state-owned oil firm access to the Spratly group of islands in the South China Sea over which the Philippines has a territorial claim, although he had no legal capacity to do so.

Pangilinan, chairman and chief executive officer of Philex Petroleum Corp, offered to include in his discussions with officials of the state-owned China National Offshore Oil Corp. (CNOOC) the Spratlys Islands, even if his company’s contract with the Philippine government is limited to Reed Bank, which is part of Palawan.

Philex chair Manuel V. Pangilinan and CNOOC President Yang Hua.
Philex chair Manuel V. Pangilinan and CNOOC President Yang Hua.

In an aide memoire addressed to President Benigno Aquino dated May 7, 2012, Pangilinan reported on his meeting with CNOOC officials led by its president Yang Hua and listed his 11 point proposal which, he said, the Chinese “received positively.”

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Manny Pangilinan buys into Inquirer

Published by Ellen on August 5, 2010

Pangilinan is into real estate development (The Fort), telecommunications, power (Meralco), and what else? He is slowly becoming a force in media, another field of influence.

ABC5 buys 10% stake in PDI

The Philippine Daily Inquirer announces that after two decades of productive partnership with the (Ben) Pangilinan and Garcia families, they have decided to sell their equity in the company.

As a result, Associated Broadcasting Company (ABC), which owns TV5 and other stations, has bought a 10% stake in the Inquirer.

ABC’s purchase of the shares was finalized on Wednesday.

The Inquirer thanks the Pangilinan and Garcia families for helping steady the company’s course through the years toward the fulfillment of its mission and vision.

The newspaper welcomes the entry of ABC, now under the management of Manuel V. Pangilinan.

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MVP’s embarrassing moment

Published by Ellen on April 4, 2010

MVP
MVP
While the Christian world was recollecting the martyrdom of Jesus Christ, telecommunications super executive Manuel V. Pangilinan was experiencing his own calvary.

He admitted to having committed plagiarism.

Plagiarism is defined in online dictionaries as “to commit literary theft: present as new and original an idea or product derived from an existing source.”

If it were any ordinary person committing plagiarism, it would not be news. We would not be writing about it. But it’s MVP, the Filipino’s personifaction of success in business where trust and honesty are prime commodities.

The plagiarism happened on March 27, when he addressed the graduates at the Ateneo School of Humanities & School of Social Sciences. His speech was inspiring. He talked about learning from failure which everyone would surely have his in life, learning to take care of one’s body, sharing one’s blessings, gratitude, and friendship.

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