First Pacific

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First Pacific is a Hong Kong-based investment management and holding company. It is listed on the Hong Kong Stock Exchange and is a constituent of the Hang Seng Index. The company’s primary focus is on investments in consumer and infrastructure businesses in the Asia-Pacific region.
History
First Pacific was founded in 1981 as a trading company by seven entrepreneurs, including Filipino businessman Manuel V. Pangilinan. The company went public in 1987 and expanded its operations through strategic investments in various industries, including telecommunications, consumer food products, infrastructure, and natural resources.
In 1999, First Pacific acquired a controlling stake in Philippine Long Distance Telephone Company (PLDT), the largest telecommunications company in the Philippines. This investment helped establish First Pacific as a major player in the region, and it continues to be the company’s largest investment.
In the early 2000s, First Pacific began diversifying its portfolio and expanding its presence in other Asian countries, particularly Indonesia and Thailand. It acquired stakes in Indosat and Bank Permata in Indonesia, as well as PTT Group in Thailand.
In recent years, the company has also made investments in healthcare and infrastructure projects, such as a minority stake in Metro Pacific Investments Corporation, one of the largest infrastructure developers in the Philippines.
Operations and Investments
First Pacific primarily focuses on four main sectors: telecommunications and media, consumer food products, infrastructure, and natural resources.
Telecommunications and Media: First Pacific’s largest investment is its stake in PLDT, a leading telecommunications company in the Philippines. It also has investments in other telecommunications and media companies in the region, including Philex Mining Corporation, Metro Pacific Investments Corporation, and HKBN Group Limited.
Consumer Food Products: First Pacific owns PacificFoods, a leading premium food brand in Asia, as well as Indofood, one of the largest food companies in Indonesia. It also has investments in other consumer food companies in the region, such as China Fangda Group Co. Ltd. and Beijing Oriental Seafood.
Infrastructure: First Pacific has interests in a wide range of infrastructure assets, including toll roads, water utilities, and power generation and transmission. Some of its major investments in this sector include Metro Pacific Investments Corporation, PXP Energy Corporation, and Indonesian power company PT Indofood Sukses Makmur Tbk.
Natural Resources: First Pacific has investments in the natural resources sector, particularly in the Philippines and Indonesia. It owns extensive coal mines in Indonesia through its subsidiary Indofood and also holds interests in oil and gas exploration and production, including PXP Energy Corporation and PT Medco Energi International Tbk.
Corporate Social Responsibility
First Pacific is committed to promoting sustainability and responsible business practices across its various investments. The company has implemented various initiatives to reduce its carbon footprint and promote environmental and social responsibility, including implementing efficient energy management systems in its operations and supporting community development projects in the areas where it operates.
The company also follows a code of conduct that ensures fair employment practices and ethical behavior across its operations. It has also set up a Charitable Foundation to support various community projects, including education, healthcare, and disaster relief efforts.
In addition to these initiatives, First Pacific has also been recognized for its efforts in corporate governance, earning several awards for transparency and ethical practices.

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See Company Q&A