In January of this year, news came that Japanese conglomerate Mitsui was interested in acquiring up to 20 percent of the Metro Pacific Investments Corp. (MPIC), the holding company whose basket of goodies includes the Manila Electric Company (Meralco), Metro Pacific Tollways Corp., Maynilad Water Holdings Company, Inc., and Metro Pacific Light Rail Corp. The reason given was that the MIPC shares have long been undervalued though not of its own doing. Last year's yearender was the reputational blowup of PLDT which disclosed a budget overrun almost equal to its 2020 and 2021 income combined.

https://opinion.inquirer.net/166439/buy-but-not-sell

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