- Business
- First Pacific Company Limited is a Hong Kong-based investment holding company operating primarily in the Asia-Pacific region with principal investments in consumer food products, telecommunications, infrastructure, and natural resources. Its core portfolio includes PT Indofood Sukses Makmur Tbk, the largest vertically integrated food company in Indonesia and producer of the global instant noodle brand Indomie; PLDT Inc., the dominant integrated telecommunications and digital services provider in the Philippines offering fiber optic backbone, fixed-line, and cellular networks; and Metro Pacific Investments Corporation, a leading infrastructure investment and management company in the Philippines with holdings in electricity distribution, power generation, toll roads, water distribution, healthcare, real estate, light rail, and agribusiness. Additionally, First Pacific holds interests in PacificLight Power Pte. Ltd., operating a gas-fired power plant in Singapore, Philex Mining Corporation, a major metal mining company in the Philippines producing gold, copper, and silver, and PXP Energy Corporation, an upstream oil and gas company with service contracts in the Philippines.
Founded in 1981 and headquartered in Central, Hong Kong, First Pacific focuses on acquiring undervalued or underperforming assets with strong growth potential, actively supports strategic direction and business plans of its investments, and aims to enhance operational efficiencies and deliver sustainable dividend returns. Recent major developments include Metro Pacific Tollways Corporation's acquisition of 22.9% of PT Jasamarga and plans by MPIC to raise equity through a private placement for debt management, as well as First Pacific's indirect participation in a solar power import renewable energy project in Singapore scheduled for operation starting 2025. In 2024, Indofood expanded its holdings with additional shares in Indofood Agri Resources, while operational growth continued across PLDT and MPIC businesses driven by tariff increases and volume growth. First Pacific also completed the privatization of MPIC through a voluntary delisting tender offer and announced continuing connected transactions renewing Indofood Group’s plantation and distribution businesses.
First Pacific maintains a strategic emphasis on long-term growth across its sectors and markets, focusing on Southeast Asia and adjacent regions to leverage its diversified portfolio in food production, digital telecommunications infrastructure, utilities, and natural resource extraction and processing, aiming to optimize shareholder value through both operational improvements and selective acquisitions. Its shares trade on the Hong Kong Stock Exchange and via American Depositary Receipts in the United States.