THE VIEW - 11/2025

11/2025

First Pacific Group companies in the Philippines are dedicating their Christmas outreach to the many disaster-affected communities. Group companies, volunteers, and NGOs and community partners, under the PSF and Tulong Kapatid banner are working hard to bring medical support, food,necessities, gifts and toys to those in need.

We stand with them, to ignite sparks of hope and joy in the Christmas season.

www.firstpacific.com

MAYNILAD MARKS DEBUT ON THE PHILIPPINE STOCK EXCHANGE 2 A new chapter for Maynilad | 4 Landco Pacific redefines hospitality 6 MPAV acquires Franklin Baker | 19 Indofood wins ESG, brand awards

THE VIEW – NOVEMBER 2025

V IS IT THE V IEW ONL IN E

Maynilad has entered a new chapter in its corporate history with the completion of its IPO - and its debut on the Philippine Stock Exchange on 7 November 2025.

The company was established in 1997 as the water and wastewater service provider for the West Zone of the Greater Metro Manila Area. It is the largest water concessionaire in the Philippines under a Concession Agreement which has been extended to 2047.

Maynilad has invested in an extensive program to modernize its infrastructure, expand service coverage, and improve water quality and reliability across its concession area. Proceeds raised from the IPO will be used to fund Maynilad’s capital expenditure requirements and for general corporate purposes .

First Pacific Company Limited 24/F, Two Exchange Square 8 Connaught Place Central, Hong Kong SAR Telephone: +852 2842 4388 www.firstpacific.com

PUBLISHER Manuel V Pangilinan EDITOR-IN-CHIEF John Ryan EXECUTIVE EDITORIAL ADVISOR Sara Cheung EDITORIAL AND DESIGN TEAM Editor Julia Brown Production Director Katy Li Creative Director Jan Adams

Welcome to the November edition of The View and visit our online version at www.firstpacific.com/press/theview.

It highlights stories from First Pacific and our investee companies with videos to bring the news, innovations and events to life. The digital version can be enjoyed at your desk or on your mobile phones wherever you are.

Please click in and let us know your feedback.

CONTENTS 1 A Word from the Chief 2 A new chapter for Maynilad 4 Landco Pacific redefines hospitality development 5 Heritage meets Reinvention – John Hay Hotels 6 MPAV acquires Franklin Baker, strengthens leadership in flagship export sector 7 Metro Pacific Health expands to 28 hospitals 7 MPHC offers new hope for cancer patients 8 Indofood partners with the Indonesia Pavilion at the Osaka World Expo 2025 9 Chiki Puffs Nutty Caramel Corn: fun in every bite 9 Chiki Popcorn Salted Caramel: making moments pop 9 Indomie takes spaghetti to the next level 9 Indomie creates hype in iconic collaboration 10 PLDT Home innovates with Fiber Prepaid 11 Maya accelerates growth 11 Every second matters, unified 911 system launch in the Philippines 12 PLDT activates Google laser sites 12 Smart introduces eSIM breakthrough 13 PLDT and Smart’s transition to smarter, greener energy 14 PLP builds Singapore’s low-carbon future 15 MPIC sweeps awards for sustainability governance 16 Pangilinan honored with Gintong Alon Leadership Award 17 PLDT scores highly in the FTSE4Good Index 17 PLDT shines as top-performing PLC in 2025 Golden Arrow Awards 18 Axton Salim on Campaign’s Power List 19 Championing a Sustainable Future: Indofood and Lonsum win at Katadata ESG Awards 19 Indofood named ‘Most Chosen’ in Kantar Brand Footprint 2025 20 MPTC and Mizuho Bank win prestigious Trade Finance award for cross-border deal 20 Maynilad earns Platinum Accreditation from Investors in People 21 Indofood Riset Nugraha empowers Indonesia’s young food researchers 22 PLDT upgraded in MSCI ESG Ratings 22 PLDT and Smart showcases innovation at the UNGC Leaders Summit 23 Sustainable steel recycling 24 Shore It Up! extends to Marinduque 25 Strength and unity in the season of giving First Pacific is a Hong Kong-based investment holding company with investments located in Asia-Pacific. The Company’s principal investments are in consumer food products, telecommunications, infrastructure and natural resources.

Within these sectors, our mission is to unlock value by: Delivering dividend/distribution returns to shareholders Delivering share price/value appreciation of First Pacific Making further investments in value-enhancing businesses, taking into consideration all relevant criteria, including Environmental, Social and Governance (“ESG”) factors to better manage risk and generate sustainable long-term returns

A WORD FROM THE CHIEF

A Word from the Chief Fellow members of the First Pacific Community,

As always towards year-end, we reflect on our recent achievements and look ahead to new opportunities, and I am given cause to express my deep appreciation for your dedication and hard work. Together, we have overcome challenges and reached significant milestones, setting a strong foundation for continued success. Thank you for your unwavering commitment and for making our organization stronger every day.

the first week of November, where its market capitalization was set at US$1.9 billion as it raised 34.3 billion pesos (US$590 million).

International Finance Corporation and Asian Development Bank were lead cornerstone investors, while domestic and international institutions including BDO Capital, BPI Asset Management, abrdn Malaysia and Maybank Asset Management Singapore also invested.

Maya, the Philippines’ leading fintech ecosystem, sustained its strong growth and profitability in the third quarter of 2025, reinforcing its position as the country’s #1 digital bank, top-rated consumer finance app, and #1 payments processor.

The Maya Group, posting a 532 million pesos net income in Q3 2025, was driven by topline growth, high-engagement savings activity, and disciplined cost management, its future is bright.

Indofood Director Axton Salim is in Campaign’s 2025 Asia Pacific Power List, cited as an influential leader who has steered the Salim family business into a dynamic new era.

With a 230,000-strong following on social media and an innate ability to engage younger audiences, Salim has propelled Indofood as one of Indonesia’s top advertisers, boasting over 30 leading brands including household favorites, Indomie and Indomilk.

This June I was honored to receive the Gintong Alon Leadership Award from the Philippine Association of Hong Kong, and I accepted it on behalf of OFWs as a trustee and steward for all the services and sacrifices they have given.

These and other tales of success can be found inside this edition of The View. As we together celebrate another year of accomplishment, let us remember in gratitude those who provide the help and support necessary to achieve these victories.

Merry Christmas and Happy New Year to all!

Of particular importance to equity investors was Maynilad’s IPO on the Philippine Stock Exchange in

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(Center) President Ferdinand R. Marcos Jr. joined Maynilad Chairman Manuel V Pangilinan (center left) and PSE President Ramon Monzon, (center right) together with PSE and Maynilad officials, in ringing the bell to mark Maynilad’s official listing on the PSE.

A new chapter for Maynilad Historic debut on the Philippine Stock Exchange

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n 7 November 2025, Maynilad Water Services, Inc. (“Maynilad”), the water and wastewater service provider for the West Zone of the Greater Metro Manila Area, made its debut on the Philippine Stock Exchange (“PSE”), trading under the symbol “MYNLD”.

The event celebrated Maynilad’s Initial Public Offering (“IPO”) which drew strong participation from both local and international cornerstone investors, including the International Finance Corporation (“IFC”) and the Asian Development Bank (“ADB”).

Through this IPO, Maynilad completed the offer and sale of 1,660,317,400 primary common shares to the public and 24,904,800 primary common shares to First Pacific Company Limited. The offer shares were increased by (a) 249,047,600 primary common shares following the exercise of overallotment options, and (b) 354,704,200 secondary common shares offered by Maynilad Water Holding Company, Inc. following the exercise of the upsize option.

Proceeds raised from the IPO will be used to fund Maynilad’s capital 2 THE VIEW

expenditures requirements and for general corporate purposes.

CONFIDENCE IN OUR VISION Maynilad President and CEO Ramoncito S Fernandez commented, “This marks the beginning of a new chapter for Maynilad. Apart from fulfilling one of the terms of our legislative franchise, this IPO enables us to pursue our long-term expansion plans for our water and wastewater businesses. The investments we have received signals confidence in our vision and plans to strengthen our positioning as a pure-play sustainability company, one that

aims to continue bringing positive impact and value to our West Zone concession and beyond.”

PROVIDING SERVICES TO MILLIONS OF FILIPINO HOUSEHOLDS ADB Philippines Country Director Andrew Jeffries added, “This investment highlights our commitment to helping provide clean, accessible, and reliable water and safe sanitation services, to millions of Filipino households, commercial and institutional users.

The expansion and modernization of water and wastewater infrastructure will contribute to improved climate resilience, public health, economic productivity, and social and economic development.”

IFC Philippines Country Manager Amena Arief said, “IFC is proud to participate in Maynilad’s IPO to help the Company expand and enhance its wastewater services in the coming years. This investment signifies our

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commitment to improving the supply and quality of water for Filipinos and underscores IFC’s role in strengthening capital market development in the Philippines.”

facilities continue to supply water that meets the Philippine National Standards for Drinking Water.

Maynilad is the largest water concessionaire in the Philippines under a Concession Agreement which has been extended to 2047. The company is also the largest operator in Southeast Asia in terms of active connections and population served for a single concession, according to GlobalData Plc.

The company strives to ensure longterm water security for communities in its concession area. Capital expenditures in recent years are allocated largely to the construction, upgrade, and rehabilitation of key water and wastewater treatment facilities, resolving blockages along sewer lines, repairing leaks and replacing aging pipes, and enhancing customer services.

COMPANY HISTORY Maynilad was established in 1997 following the privatization of the Metropolitan Waterworks and Sewerage System (“MWSS”). In 2007, after a change in ownership and reprivatization, Maynilad became jointly owned by Metro Pacific Investments Corporation (“MPIC”) and DMCI Holdings, Inc. In 2013, Marubeni Corporation of Japan joined as a strategic investor.

INVESTMENT IN WASTEWATER FACILITIES In wastewater management, Maynilad has expanded its network and treatment capacity in compliance with MWSS and Department of Environment and Natural Resources (“DENR”) requirements. It operates multiple wastewater treatment Facilities, contributing to improved sanitation and environmental protection.

Since then, the company has executed a plan to modernize its infrastructure, expand service coverage, and improve water quality and reliability across its concession area.

Maynilad has made significant progress in development of its sewerage services. The construction of its flagship project – the 10.5 billion Caloocan-Malabon- Navotas Water Reclamation Facility is expected to be fully operational within 2025 and will have a daily treatment capacity of up to 205 million liters of wastewater.

The Las Piñas Water Reclamation Facility, a vital wastewater treatment and rehabilitation project for Manila

Maynilad’s concession areas cover 17 cities and municipalities and include portions of Manila, Quezon City, Makati, Parañaque, Muntinlupa, Pasay, Caloocan, Valenzuela, Las Piñas, Malabon, and Navotas, as well as several cities and municipalities in Cavite Province.

EFFICIENCY PROGRAMS Through sustained investments and efficiency programs, Maynilad has enhanced water availability and reduced system losses. For the six months ended 30 June 2025, Non-Revenue Water (“NRW”) was 35.3%, contributing to 24-hour water supply availability for 97.4% of billed connections. Maynilad’s treatment

Bay, is expected to begin operations

by July 2026. It has a daily treatment capacity of up to 88 million liters of wastewater, serving approximately 360,000 residents across 20 barangays in Las Piñas City.

COMMITMENT TO ESG Maynilad integrates sustainability into its operations through programs that support water security, environmental protection, and community engagement. These include Plant for Life, a reforestation initiative; Daloy Dunong, a water education and hygiene campaign; and projects on potable water reuse, energy efficiency, and renewable energy use.

The company aligns its sustainability priorities with Environmental, Social, and Governance (“ESG”) standards and the United Nations Sustainable Development Goals, particularly SDG #6 on Clean Water and Sanitation.

Maynilad continues to pursue system expansion, asset renewal, and operational efficiency initiatives to meet growing service demands and regulatory targets. Its listing on the Philippine Stock Exchange is significant in the company’s longterm growth. <<

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Landco Pacific redefines hospitality development Landco Pacific has a vision of creating meaningful developments that honor nature and culture while driving progress.

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he company strives to be a leading global Filipino hospitality brand, offering world-class service, curated experiences, and the warmth of Filipino hospitality.

The hospitality developer’s Calatagan South Beach (“Casobe”) is redefining what it means to live, work, and invest by the sea. Casobe is Landco Pacific’s landmark Signature Estate, a coastal community where real estate

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ownership blends seamlessly with resort-style living and convenience.

The estate is serviced, curated, and animated by Landco Lifestyle Ventures (“LLV”), the hospitality arm that breathes life into Landco’s developments.

A UNIQUE ECOSYSTEM Homeowners enjoy the comfort of knowing that resort-style amenities are managed with the same care and efficiency as a premium hotel.

Business owners, whether they offer food and beverage, retail or tourism activities, benefit from the tourism generated by LLV’s hospitality, providing a steady flow of visitors. This integration makes Casobe a unique ecosystem: residents benefit from the vibrancy of tourism, while entrepreneurs thrive in an active environment – with the brand association of a signature resort estate.

SUSTAINABILITY WITH STYLE Casobe is designed with sustainability at its core. It is the very first resort in the Philippines to achieve EDGE certification through its award-winning Crusoe Cabins, recognized for their energy- and watersaving measures. The estate ensures that every investment is future-proofed against environmental risks. <<

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Heritage meets Reinvention Landco Pacific has taken on a project of national Philippine significance: John Hay Hotels.

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CAMP JOHN HAY IS A TREASURE OF BAGUIO, AND WE ARE HERE TO ENSURE ITS LEGACY ENDURES. WE WILL PRESERVE ITS CHARM, ENHANCE ITS OFFERINGS, AND SUPPORT ITS WORKFORCE. YOU ARE IN GOOD HANDS. Landco Pacific Chairman Manuel V Pangilinan

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et in the cool pine-clad highlands of Baguio, it is a landmark steeped in history.

Today, under the stewardship of Landco Lifestyle Ventures (“LLV”), this heritage property has been refreshed with a vision that balances continuity and reinvention.

Managing a seamless transition to a modernized resort, LLV’s guiding transition is a ‘people first’ continuity of operations for guests and patrons.

ENDURING APPEAL IN A NEW ERA

For loyal guests, the familiar warmth of service remains unchanged.

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John Hay Hotels are also evolving: modernized amenities, curated lifestyle experiences, and a refreshed identity are ensuring that this landmark remains relevant in a new era of tourism.

The enduring appeal of John Hay Hotels lies in its ability to honor the past while embracing the present.

Guests return not just for the cool mountain air, but for the traditions woven into every stay: family gatherings by the fire, weddings in the gardens, business retreats set against pine-filled vistas.

hundreds, support local suppliers, and spotlight cultural advocates.

Take the Mountain Man Fire Dinner, an experience of fresh local ingredients - heirloom rice, foraged mushrooms, upland vegetables and fresh coastal seafood in a culinary journey rooted in the Cordilleras.

Each dish is a story of land and people, crafted in collaboration with local farmers and suppliers.

John Hay Hotels also offer a Kokomo Chocolate experience, where chocolatiers lead guests through bean-to-bar workshops using heirloom cacao sourced from Cordillera farms.

At a time when purposeful, responsible investments are prized, John Hay Hotels offers a compelling case: value creation that uplifts not only balance sheets but also people and place. <<

HOSPITALITY WITH DEEP COMMUNITY INTEGRATION

Beyond the guest rooms and gardens, John Hay Hotels has become a platform for local partnerships that enrich both the visitor experience and the community’s livelihood. The hotels generate employment in the THE VIEW 5

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MPAV acquires Franklin Baker, strengthens leadership in flagship export sector Metro Pacific Agro Ventures (“MPAV”) continues to build its resilient, vertically integrated agribusiness portfolio.

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THE COCONUT IS ONE OF THE PHILIPPINES’ MOST IMPORTANT AND ICONIC CROPS – SOMETHING WE SHOULD BE PROUD OF. WITH FRANKLIN BAKER AND AXELUM, WE NOW HAVE THE OPPORTUNITY TO SCALE A GLOBALLY COMPETITIVE COCONUT PLATFORM – ONE THAT BRINGS TOGETHER WORLD-CLASS PROCESSING, LONG-STANDING CUSTOMER RELATIONSHIPS, AND STRONG TIES TO OUR FARMING COMMUNITIES. THIS IS A UNIQUE OPPORTUNITY TO STRENGTHEN A FLAGSHIP EXPORT SECTOR AND HELP MAKE FILIPINO AGRICULTURAL PRODUCTS A GLOBAL STANDARD.

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MPIC Chairman and CEO Manuel V Pangilinan

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his November, MPAV completed the acquisition of the Franklin Baker Group of Companies (“Franklin Baker”), marking a major expansion as the leading player in the Philippines’ food-grade coconut export industry.

Founded in 1921, Franklin Baker is one of the Philippines’ most established coconut processors, with manufacturing facilities in Laguna and Davao. It supplies a broad range of value-added coconut products – including desiccated coconut, coconut water, virgin coconut oil, and coconut cream – to over 50 countries, serving long-standing relationships with global food brands.

AN ICONIC CROP, A COCONUT POWERHOUSE The acquisition builds on MPAV’s entry in Axelum Resources Corporation (“Axelum”) in 2023, a leading exporter of food-grade coconut products. Together, Franklin Baker and Axelum have the capacity to process over two million coconuts daily and account for a substantial share of U.S. coconut exports. <<

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Care Center which will expand out-patient services and introduce the market to a better patient experience. MPH also plans to upgrade medical equipment and to open a new cardiac catheterization laboratory, the first private facility of its kind in Rizal province.

METRO PACIFIC HEALTH EXPANDS TO 28 HOSPITALS High-quality healthcare beyond Metro Manila

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etro Pacific Health Corporation (“MPHC”), the Philippines’ first and largest private hospital network, has marked its 28th hospital investment. On 22 September 2025, MPHC announced its investment in a majority shareholding in Metro Antipolo Hospital and Medical Center, Inc. (“MAHMC”).

MPHC President Augie Palisoc Jr. said, “With MAHMC becoming our 17th provincial hospital, we are reaffirming our commitment to enhancing access to high-quality healthcare services to communities beyond Metro Manila.”

TRANSFORMATION PLAN FOR A BETTER PATIENT EXPERIENCE MPHC’s transformation plan for MAHMC includes a new Urgent

MPHC offers new hope for cancer patients

Delegates explore the Tech City in Cebu.

In August 2025, MPHC’s Asian Hospital and Medical Center launched a non-invasive surgical milestone, successfully conducting the first CyberKnife® in the Philippines.

SUB-MILLIMETER PRECISION This state-of-the-art technology offers a more advanced and patient-friendly solution through highly targeted and image-guided radiation therapy system. It delivers with sub-millimeter precision and is the only system of its kind in the Philippines, offering painless outpatient procedures with minimal damage to healthy tissue, significantly improving recovery and comfort for patients.

MAHMC opened in 2016 as a training hospital catering to the healthcare needs in the area and fostering the development of specialized physicians. The109bed, Level 2 hospital has grown to be one of the largest in the province.

This investment underscores MPHC’s dedication to quality and affordable healthcare by growing and continuously improving its portfolio of healthcare facilities. <<

The inaugural patient, an 8-yearold child diagnosed with meningioma, a tumor affecting the protective membranes of the brain and spinal cord, received the advanced treatment with positive outcomes.

The occasion was marked with a symbolic laser beam sky display, representing a beacon of hope for cancer patients nationwide.

DELIVER HIGH-QUALITY COMPASSIONATE HEALTHCARE TO FILIPINOS The addition of CyberKnife® at Asian Hospital and Medical Center marks a significant step forward in cancer care not just for the hospital, but across the MPHC network. It expands treatment options for patients and strengthens the group’s commitment to providing world-class, patient-centered care to more communities nationwide. <<

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Indofood partners with the Indonesia Pavilion at the Osaka World Expo 2025 Designing a harmonious future through total food solutions

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rom humble beginnings in Indonesia, Indofood has grown into a global powerhouse, serving over a billion consumers in more than 100 countries. Guided by its vision of Total Food Solutions, Indofood integrates every step of the food value chain, from plantation operations and manufacturing to distribution. This integrated approach enables Indofood to deliver trusted, high-quality products that nourish families worldwide.

This year, Indofood is proud to participate as an Official Partner of the Indonesia Pavilion at the World Expo 2025 Osaka. World Expo is a global celebration of innovation, sustainability, and cultural 8 THE VIEW

collaboration. Embracing the national theme ‘Thriving in Harmony: Nature, Culture, Future’, Indofood supports initiatives that highlight how food connects people and cultures while promoting innovation and integrity to build a resilient, sustainable future.

SPIRIT OF PROGRESS AND UNITY The Indonesia Pavilion features a striking design inspired by the

shape of a boat, a symbol deeply rooted in the nation’s maritime heritage. Representing exploration, cooperation, and unity, the boat reflects Indonesia’s enduring spirit of progress and unity. This symbolism captures the nation’s essence as an archipelago where culture, nature, and innovation move together toward a shared future.

Participating in the Osaka Expo marks Indofood’s fourth collaboration with the Indonesia Pavilion, following previous participations in Shanghai (2010), Milan (2015), and Dubai (2021). These experiences underscore Indofood’s commitment to championing Indonesia’s culture, creativity, and sustainability on the global stage. Through this partnership, Indofood reaffirms its dedication to contributing to national progress while sharing Indonesia’s inspiring story of a harmonious future with the world. <<

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CHIKI PUFFS NUTTY CARAMEL CORN: FUN IN EVERY BITE

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hiki introduces Nutty Caramel Corn – a playful twist in the Chiki Puffs product line. Shaped like a “C,” each puff combines a crispy caramel outer with a nutty bite in the center, sparking smiles for the target consumer group of fun-seeking Gen Alpha teens.

The in-store launch is amplified by Tiktok campaigns and social media buzz, cinema and school activations as well as engagements at the Comifuro anime convention. <<

INDOMIE TAKES SPAGHETTI TO THE NEXT LEVEL

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n July 2025, Indofood launched POP Spageti, offering a spicy twist to the instant pasta experience.

Chiki Popcorn Salted Caramel: making moments pop

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ndofood’s popular Chiki brand is expanding into a new category with its ready-to-eat Salted Caramel Popcorn. The new product is a delicious sweet and savory snack for shared enjoyment with family and friends. It is promoted as ‘making every moment pop’ with playful fun.

POP Spageti was introduced in two variants, Spicy Bolognese and Spicy Carbonara, with the campaign, ‘Next-level Spageti.’

Combining a spicy kick with the creamy cheesiness that Gen-Z loves, the spaghetti features Romano and Cheddar cheese and is made with durum wheat for an al-dente texture.

Crunchy beef-flavored toppings enhance the savory sensation. <<

Chiki is engaging fans with Popcorn Salted Caramel samplings and activations at events such as Comifuro (the Comic Frontier convention, held in Jakarta in mid-November) as well as Chiki Play to Schools. <<

Indomie creates hype in iconic collaboration

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his June, Indomie collaborated with a nationally famous street-food coffee shop, Warung Makan Indomie (Indomie Food Stall) Agem Senyum Ketawa in Medan, North Sumatra. The café owner is the creator of the iconic Mie Banglahdes’e, a bold and spicy noodle dish made with Indomie.

The collaboration has excited the market with the launch of the world’s first instant nyemek noodle: Indomie Hype Abis Mi Nyemek Banglahdes’e. It’s a quick and easy way to enjoy authentic street-style noodles at home. <<

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PLDT Home innovates with Fiber Prepaid PLDT continues to innovate with a broader vision of digital inclusion and access, through PLDT Home Fiber Prepaid - a service designed to meet the needs of price-sensitive households and first-time fiber users - particularly in high-density urban communities and emerging cities.

CONNECTION TO OPPORTUNITIES, EXPERIENCES, AND DREAMS iber Prepaid has shown encouraging early traction, driven by PLDT’s expanding fiber footprint and the popularity of value-added services. Improvements in customer care - including faster installation and repair times, 24/7 multi-channel support and smarter self-service tools further reinforce PLDT Home’s commitment to customers. “PLDT’s mission goes beyond connecting Filipinos to the internet,” said PLDT Home SVP and Head of PLDT Home SVP and Consumer Business John Head of Consumer Business John Y Palanca Y Palanca. “More than connectivity, our goal is to connect Filipinos to opportunities, experiences, and dreams that empower them to live fuller, more meaningful lives.”

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“We are proud to see the strength of PLDT Home’s performance in the first half of 2025,” Palanca added. “Whether through our premium postpaid plans, growing prepaid offerings, or our ‘Always On’ service, we remain committed to making world-class broadband more accessible, dependable, and inclusive for all.” <<

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PLDT HOME LIFE GLOW UP A PLDT Home video series that features real subscriber stories. Watch how PLDT Home fiber plans transform lives!

Watch at www.firstpacific.com/press/theview.php

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Maya accelerates growth

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aya, the Philippines’ leading fintech ecosystem, sustained its strong growth and profitability in the third quarter of 2025, reinforcing leadership as the country’s #1 digital bank, top-rated consumer finance app, and #1 payments processor. The Maya group, posting a 532 million net income in Q3 2025, driven by topline growth, high-engagement savings activity, and disciplined cost management.

MAYA AT END-SEPTEMBER 2025 Deposit balances

Maya remains the #1 merchant acquirer in the Philippines, serving large enterprises and MSMEs with unified tools for payment acceptance, deposits, and loans.

Maya was named the Best Digital Bank in the Philippines for the third consecutive year by The Digital Banker at the Global Retail Banking Innovation Awards 2025, and Apex Company of the Year at the 2025 Asia CEO Awards.

With a strong 2025 performance to date, Maya is on track to sustain its growth backed by a comprehensive ecosystem with strong network effect. <<

P 57 billion up 59% year on-year Cumulative loan disbursements total

P 187 billion since launch

Customer base grew to

9 million Borrower base rose to

2.4 million

centralized data reporting, hosted E V E R Y S E C O N D M A T T E R S and on ePLDT’s Pilipinas Cloud.

Unified 911 system launch in the Philippines

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WHEN LIVES ARE ON THE LINE, EVERY SECOND MATTERS AND WHEN LIVES ARE AT STAKE, OUR SACRED DUTY TO OUR PEOPLE CRYSTALLIZES. IN PARTNERSHIP WITH GOVERNMENT AND NGA 911, WE ARE LAYING DOWN THE FOUNDATION FOR A SAFER AND MORE RESILIENT PHILIPPINES. PLDT Chairman and CEO Manuel V Pangilinan

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LDT Enterprise and ePLDT have partnered with the Department of the Interior and Local Government (“DILG”) and the Bureau of Fire Protection (“BFP”), Next Generation Advanced (“NGA”), and Next Generation Core Services (“NGCS”) in the new Unified

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911 system. The new system vastly improves all existing 911 call handling and response. It integrates police, fire, medical, and rescue services within a centralized platform linking national agencies with local governments. It features multiple reporting channels and platforms, live video streaming,

HELP WHEN IT MATTERS MOST DILG Secretary Juanito Victor “Jonvic” Remulla emphasized that, “This is more than technology. This is about saving lives. With the BFP leading the implementation, supported by the DILG, PLDT, and NGA, we are building a future where no Filipino is left without help when it matters most.”

Beyond the Unified 911 System, PLDT provides training to strengthen emergency communications during disasters, deploys its Ligtas Kits for instant connectivity, supports early warning platforms like Infocast, and delivers emergency communication services to affected communities.

These efforts support the government’s mission to build resilient communities and protect lives through technology. They also align with PLDT’s commitment to the United Nations Sustainable Development Goals, particularly SDG #9: Industry, Innovation, and Infrastructure, and SDG #11: Sustainable Cities and Communities. << THE VIEW 11

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and Bagong Pag-asa in Metro Manila’s Quezon City. Taara offers significant cost savings compared to traditional infrastructure. For Talim Island, Taara avoids the expense of laying fiber optic cables underwater, while in Dipaluda it bypasses the installation of fiber across rivers and mountains.

PLDT and Google are in the process of delivering connectivity across oceans and mountains – without cables.

A GAME-CHANGER BEYOND SPEED “This is a game-changer for us in connecting remote areas,” said PLDT Chief Operating Officer and Head of Network Butch Jimenez, “It makes it easier to provide fiber-like internet to new areas. And we’re excited for the people of Talim Island and Dipaluda to enjoy the benefits of FTTH connectivity.”

LDT is activating the Philippines’ first three Google Taara laser communication sites, bringing breakthrough technology that delivers fiber-like connectivity without the need for complex and expensive undersea or underground cables.

These sites mark the start of PLDT’s larger plan to explore laser-based connectivity as a complement to its nationwide fiber network, especially in hard-to-reach areas such as islands, lakesides, and rugged inland communities, can access reliable and high-speed internet. <<

PLDT ACTIVATES GOOGLE LASER SITES

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Developed by Google’s X Moonshot Factory, Taara uses beams of light to transmit data across long distances.

Each site can deliver up to 20 Gbps of capacity - enough to provide highspeed internet for thousands of users.

The first installations are at Talim Island in Rizal, Dipaluda in Isabela,

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ith just one app plus one physical SIM, users can manage up to five eSIMs for seamless calls, texts, and data, whether at home or traveling abroad.

Smart introduces eSIM breakthrough

FLEXIBLE AND COST-EFFECTIVE The Smart Multi SIM is a card that can be used as a standalone SIM on any device and also works as an eSIM adapter on Android devices. The pluggable SIM adapter is a breakthrough for customers with non-eSIM-capable devices. It allows users to store and manage multiple eSIMs, offering a convenient, cost-effective alternative to the purchase of a new handset.

Smart has taken the lead in the Philippines – and Asia – in eSIM technology. The Smart Multi SIM and Smart Multi SIM App for Android phones is a welcome innovation for consumers.

Accompanying the Smart Multi SIM is the Multi SIM App. Users may synch with their mobile phones to install multiple eSIMs (up to five). This innovation offers new flexibility and time-saving for every user who typically juggles eSIMS for business, travel, and personal use. <<

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PLDT AND SMART’S TRANSITION TO SMARTER, GREENER ENERGY PLDT and Smart have partnered with Meralco’s local supply arm, MPower, to transition to smarter and greener energy solutions.

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he group is activating 144 cell sites and nine facilities under the Energy Regulatory Commission’s Retail Aggregation Program (“RAP”).

RAP - a government initiative offers end-users a smarter way to manage their energy requirements by allowing them to aggregate multiple accounts under the same franchise area and purchase power in bulk from licensed retail electricity suppliers. This setup enables reduction of electricity costs and better control over energy sources and usage across different facilities.

RELIABLE POWER AND STRONG DIGITAL CONNECTIVITY “Our Group has always believed that national progress depends on two essential foundations: reliable power and strong digital connectivity. One cannot function without the other hand in glove, so to speak - and both are critical to ensuring that our people - especially those in the margins - have access to opportunity,” said Chairman and CEO of PLDT, Smart, and Meralco, Manuel V Pangilinan. “This is why this collaboration is consequential, because it reflects our continued effort to align our resources and capabilities, to serve our customers better with reliable and consistent power and connectivity.”

PLDT and Smart’s transition into RAP through MPower’s energy solutions cover a total demand of over 2,500 kW across the PLDT Group’s integrated network. Additional rollout across more sites in Visayas and Mindanao is targeted for the end of 2025.

PLDT Chief Operating Officer and Head of Network Menardo G Jimenez, Jr. noted, “As we future-proof our network to deliver 5G and AI capabilities to our customers, we are also mindful of the cost to operate the network and our impact to the environment. This partnership with MPower will allow us to operate a smarter and greener network and manage our energy costs, all in a manner that is more kind to the planet.”

SWITCHING TO RENEWABLES PLDT and Smart’s RAP activation builds on their continuing transition to the use of renewable energy sources. In 2024, 30 sites of the group were switched to 100% renewables - 24 in Metro Manila and six in Mindanao. In 2023, PLDT and Smart tapped geothermal energy for five network facilities in the Visayas.

Parallel to the transition to renewables, PLDT and Smart have been adopting green technologies and optimizing resources for their network sites, business offices, and key facilities nationwide.

The PLDT Group follows a decarbonization roadmap that aims to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 40% by 2030, coming from a 2019 baseline.

These efforts support the global ambition to achieve Net Zero by 2050. << THE VIEW 13

NEWS

PLP BUILDS SINGAPORE’S LOW-CARBON FUTURE

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Developing a hydrogen-ready combined cycle gas turbine plant

acificLight Power Pte. Ltd. (“PLP”) has been awarded the right to build, own, and operate a hydrogen-ready Combined Cycle Gas Turbine (‘CCGT”) facility on Jurong Island, southwest of Singapore. The Energy Market Authority (“EMA”) announced the award on 3 January this year. This March, PLP issued a conditional letter of award to a consortium, comprising Mitsubishi Power Asia Pacific Pte. Ltd. and Jurong Engineering Limited for a project equivalent to approximately US$564 million for design, engineering, supply, procurement, construction, installation, testing and commissioning of the CCGT plant.

THE LARGEST, MOST EFFICIENT IN SINGAPORE The facility will be the largest single, and most efficient, state-of-the-art CCGT in Singapore, with capacity of 670MW. The new plant will play a critical role in strengthening Singapore’s energy security, enhancing grid stability, and advancing the nation’s transition towards a low-carbon future. It is scheduled to begin operations in the first quarter of 2029.

14 THE VIEW

INTEGRATING HYDROGEN-READY AND BATTERY STORAGE TECH The plant will be capable of using at least 30% hydrogen at inception and will have the ability to ramp up to 100% hydrogen in the future depending on market and regulatory demands.

The facility will include a large-scale Battery Energy Storage System (“BESS”) – the first CCGT in Singapore to be integrated with BESS. The system stores power during periods of low electricity demand.

SIZED FOR FUTURE POTENTIAL The greenfield site on Jurong Island is large enough to accommodate a second CCGT unit with potential for future integration of Carbon Capture, Utilization, and Storage technology, reinforcing PLP’s dedication to long-term decarbonization strategies.

The project underscores PLP’s commitment to adopting cutting-edge solutions that enhance system stability while reducing operational costs and environmental impact. <<

AWARDS

MPIC SWEEPS AWARDS FOR SUSTAINABILITY GOVERNANCE MPIC was lauded by Corporate Governance Asia this July, sweeping seven awards at the 15th Asian Excellence Awards

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PIC received Asia’s Best CEO (Investor Relations) for Manuel V Pangilinan, Asia’s Best CFO (Investor Relations) for June Cheryl Cabal-Revilla, Best Investor Relations Professional for Maricris AldoverYsmael, Best Corporate Communications for Melody del Rosario, as well as the Sustainable Asia Award and Best Investor Relations Company.

At the core of MPIC’s business is a sustainability governance framework that weaves economic, environmental, social, and governance (“EESG”) principles into both strategic planning and daily operations. <<

“

SUSTAINABILITY IS A STRATEGIC IMPERATIVE FOR US - AND IT’S DEEPLY INTEGRATED INTO HOW WE OPERATE. OUR SUCCESS IS MEASURED NOT ONLY IN FINANCIAL TERMS, BUT IN HOW WELL WE CONTRIBUTE TO IMPROVING THE LIVES OF FILIPINOS - AND THIS DISTINCTION AFFIRMS THE WORK OUR PEOPLE HAVE DONE. WE’RE GRATEFUL TO THEM, AND TO CORPORATE GOVERNANCE ASIA FOR RECOGNIZING THE WORK WE DO.

”

MPIC Chairman and CEO Manuel V Pangilinan

THE THE VIEW VIEW 15 15

AWARDS

Pangilinan honored with Gintong Alon Leadership Award On 14 June 2025, First Pacific Managing Director and CEO Manuel V Pangilinan was honored with the Gintong Alon Leadership Award during the Philippine Association of Hong Kong charity ball held in Hong Kong.

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he award is in recognition of MVP’s impactful support to Overseas Foreign Workers (“OFWs”) worldwide.

Pangilinan addressed the gathering, “I am deeply moved by a recognition such as this - coming from a place where I lived for 22 continuous years, and from people whom I care for dearly. There may be some doubt in my heart as to whether I deserve this award - over other Filipinos who have served, and continue to serve, here in Hong Kong. But there is no question about my pleasure and pride in receiving it.

VITAL SERVICES AND SACRIFICES “So, I accept this award on behalf of all the workers here, simply as a trustee and steward for all the services and sacrifices they have given - for their families, to Hong Kong, and for our country.

“Let me just highlight how important you are as an economic contributor to the Philippine economy. In 2024, official inward remittances totaled 38.34 billion US dollars - equivalent

16 THE VIEW

to about 10% of our country’s Gross Domestic Product in nominal terms.

The money our foreign workers send represents the largest single business in the Philippines - and its biggest employer, supporting around ten million people.

LIFE AND WORK IN HONG KONG “Hong Kong is where I started my real career and built my adult life in 1976. This is where I learned how to survive on my own - personally and professionally; to compete with some of the best bankers, lawyers, accountants, and business people in the world; to enjoy the perks of a first-world cosmopolitan city; to be intimate with dark nights of loneliness, with work as one’s major source of solace and happiness; to survive illness with no one to care for you; to rise above the struggles of career and thrive.

“My life and work are simply a metaphor of your own.”

“Here in Hong Kong, we have built something lasting - thousands of small parts that can be traced to our long

days and nights in offices or homes we worked or lived in. I first arrived here in 1976 to work with Bancom International in Connaught Centre in Central - then the tallest building. From there, we moved to the Central Building along Pedder Street, where First Pacific was born in just 50 square meters of space, with six people.

Then on to Worldwide House, and finally to the 24th floor of Two Exchange Square, where we’ve been since 1985.

“As I look back almost 50 years ago - to 1976 - I can only say in closing that time has indeed moved on, as it always does. My career has taken on a different direction, as has Hong Kong. I have moved back to our country – though not quite entirely, as I am here once a month. But this award tells me how much those 22 years mattered. That they weren’t just a chapter in a young man’s life, or an interlude in a lifelong career. They were priceless. The lessons that Hong Kong taught me about business and about life fill me with a sublime gratitude I cannot express.

“So, tonight is a night of thanksgiving for the workers in Hong Kong.

GREATNESS OF HEART AND SPIRIT “The circumstances of your work and lives might be different today from when I was here - but your mission as OFWs, and your commitment to your families and to the Philippines, remain immutable and inviolate. As OFWs, we continue to be charged with doing our appointed tasks with quality and excellence - no matter the place or the time. To hold up to the world the Filipino greatness of heart and spirit, of courage and compassion. You are our country’s bright lights of hope - worthy of emulation and valued for your immense contribution.” <<

AWARDS

PLDT scores highly in the FTSE4Good Index PLDT marks key improvements in its ESG performance in the 2025 FTSE4Good Index Series.

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coring higher than the average ratings of the global telecommunications industry and the mobile telecommunications sector, PLDT’s overall performance in the index improved year-over-year, with higher scores in the areas of human rights and community, environmental supply chain, and corporate governance. The company also maintained perfect scores in labor standards and anti-corruption for the fourth consecutive year since 2022.

DRIVING IMPROVEMENT “We at PLDT are proud of our continued inclusion in the FTSE4Good Index, as well as of company efforts that drove the improvement of our scores in various categories.

Progress in various ESG ratings and assessments affirm our continuing alignment with global best practices and strengthen further our commitment towards doing business responsibly,” said PLDT Chief Sustainability Officer Melissa V Vergel de Dios.

Created by the global index and data provider FTSE Russell, the influential FTSE4Good Index Series measures the performance of companies demonstrating strong ESG practices across developed and emerging markets.

company has also implemented and expanded the scope of the PLDT Group Supplier Code of Conduct.

The company’s management of ESGrelated risks and materiality areas is under the oversight of its Board of Directors, through its Governance, Nomination, and Sustainability Committee. <<

In 2024, PLDT enacted its policy on human rights, institutionalizing practices to identify and manage its human rights-related impacts. The

PLDT SHINES AS TOPPERFORMING PLC IN 2025 GOLDEN ARROW AWARDS PLDT was honored with the 4-Golden Arrow Award at the 2025 Institute of Corporate Directors’ (“ICD”) Golden Arrow Awards Ceremony, reaffirming the company’s standing as a model among publicly listed companies (“PLCs”) in the Philippines.

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his 4 Golden Arrow Award recognition reflects PLDT’s unwavering dedication to uphold global standards of good governance,” said PLDT FVP/Chief Sustainability Officer, and Governance, Nomination and Sustainability Committee Member Melissa V Vergel de Dios. “It is both an honor and a responsibility that inspires us to continuously raise the bar and strengthen our systems of accountability, transparency, and ethical leadership. Through sound governance, we aim to build lasting trust with our stakeholders, create sustainable value, and contribute

to positioning the Philippines as a globally competitive investment destination.”

The awards are based on the 2024 ASEAN Corporate Governance Scorecard (“ACGS”) evaluation results. The Golden Arrow is awarded to companies that achieved a score of at least 75 points in the ACGS Assessment. For companies to earn a 4-arrow recognition, an ACGS score of 105 to 114 points is needed. The ICD is a leading nonprofit organization dedicated to promoting excellence in corporate governance in the Philippines. << THE VIEW 17

AWARDS

Gen Z and drive massive reach and brand uplift.

Beyond digital engagement, Salim brings Indofood’s products to life through immersive experiences in unique augmented reality campaigns and celebrity engagement. Indofood’s marketing footprint extends globally, with Formula 1 and MotoGP sponsorships and multimedia campaigns.

Axton Salim on Campaign’s Power List Asia-Pacific’s 50 most influential and purposeful marketers

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ndofood Director Axton Salim is in Campaign’s 2025 Asia Pacific Power List, cited as an influential leader who has steered the Salim family business into a dynamic new era.

With a 230,000-strong following on social media and an innate ability to engage younger audiences, Salim has propelled Indofood as one of Indonesia’s top advertisers, boasting over 30 leading brands including household favorites, Indomie and Indomilk.

Indofood’s distribution network remains the backbone of its operations. With over 1,300 strategically placed stock points, Salim ensures the company continues to sharpen its agility, adapting to shifting market trends with refined execution through streamlined logistics, optimized workforce management, and enhanced working capital execution.

DRIVING BRAND REACH AND UPLIFT This relentless pursuit of excellence and innovation has secured global recognition for Indofood brands.

Indomie was named as Kantar’s Most Chosen Instant Noodle Brand in the world, while Indomilk stands among

18 THE VIEW

Indonesia’s Top Three Most Chosen Dairy Brands. Salim’s marketing vision is reflected in strategic partnerships, such as collaborations with K-pop icons to fuel brand excitement among

LEADING SOCIAL NUTRITION INITIATIVES Salim has appeared as keynote speaker and panelist at IdeaFest 2024 and The Creativepreneur Summit 2024.

His influence extends to impactful social initiatives, including the Scaling Up Nutrition Movement, which has reached 150,000 beneficiaries across Indonesia in the fight against stunting.

By combining brand building with social impact, Axton Salim is helping to shape Indofood’s journey forward by balancing its strong heritage with innovation and relevance in today’s market. <<

AWARDS

CHAMPIONING A SUSTAINABLE FUTURE: INDOFOOD AND LONSUM WIN AT KATADATA ESG AWARDS Indofood and its agribusiness operating subsidiaries, PT PP London Sumatra Indonesia Tbk (“Lonsum”) have been honored at the Katadata ESG Index Awards 2025, winning recognition in the Food & Beverage and Plantation categories.

Indofood and Lonsum strive to embed social responsibility, environmental stewardship, and transparent governance into every aspect of their business practices.

The companies champion a sustainable future, dedicated to delivering high-quality products while making a positive impact on communities and the environment. <<

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his prestigious award reflects both companies’ unwavering commitment to advancing sustainability through the implementation of robust ESG principles across their operations.

CREATING LONG-TERM, RESPONSIBLE VALUE The award reaffirms the company’s leadership, underscoring its continuous efforts to create long-term and responsible value for stakeholders.

Indofood named ‘Most Chosen’ in Kantar Brand Footprint 2025 Indofood continues to strengthen its position as one of Indonesia’s most beloved and trusted companies.

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n the recently released Kantar Brand Footprint 2025 report by Kantar Worldpanel Indonesia, Indofood and its flagship brand Indomie achieved remarkable recognition across multiple categories. Indomie was named both the ‘Most Chosen FMCG Brand’

and the ‘Most Chosen Food Brand’ in Indonesia, reaffirming its strong connection with consumers.

Indofood as a corporate brand proudly secured the sixth position among the overall ‘Most Chosen FMCG Brands’.

The awards were presented to Julia Atman, General Manager Marketing of the Noodles Division, during the Kantar Brand Footprint 2025 Award ceremony.

This achievement underscores Indofood’s dedication to quality, innovation and continuous growth in adapting to evolving market trends. << THE VIEW 19

AWARDS

MPTC AND MIZUHO BANK WIN PRESTIGIOUS TRADE FINANCE AWARD FOR CROSS-BORDER DEAL MPTC and Japan-based banking giant Mizuho Bank have been recognized

by The Asian Banker with the Best Corporate Trade Finance Deal in Asia Pacific for their successful execution of a landmark cross-border acquisition of a stake in Indonesia’s Trans-Java Toll Road in November 2024.

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or this milestone deal, MPTC partnered with Mizuho Bank in navigating the intricacies of a multi-jurisdictional trade finance arrangement. One of the crucial requisites to the transaction was the issuance of a Standby Letter of Credit - which had to comply with strict regulatory requirements in both the Philippines and Indonesia. Both parties demonstrated their

(L-R) Mizuho Bank Manila Branch VP for Corporate Banking Juan Ramon Antonio “Moks” Gonzales, Deputy General Manager Jenny Lomboy, MPTC AVP for Corporate Finance & Treasury Emlyn Amaya-Apostol and MPTC Assistant Manager for Treasury Diesa Lee A Magbanua.

expertise in handling cross-border compliance, ensuring the deal’s successful and timely execution.

“This recognition from The Asian Banker reflects MPTC’s growing capability to execute inter-regional strategic investments,” said Emlyn Amaya-Apostol, AVP for Corporate Finance and Treasury of MPTC. “We are honored to be part of a transaction that sets a benchmark in corporate trade finance and infrastructure investment in Southeast Asia.”

This highlights MPTC’s move to expand its regional footprint and cement its commitment to improving mobility infrastructure across Southeast Asia. <<

Maynilad earns Platinum Accreditation from Investors in People Maynilad has been awarded the Platinum Accreditation

by Investors in People (“IiP”) - the highest recognition for excellence in people management.

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affirms that our leadership and culture of accountability position Maynilad as a benchmark for excellence in the water industry.”

HIGHEST POSSIBLE RATING FOR SEVEN KEY INDICATORS Maynilad President and CEO Ramoncito S Fernandez said, “This Platinum accreditation is a testament to how far we’ve come in building a people-centric organization. It

The IiP framework evaluates organizations against nine key indicators of success. Maynilad received the highest possible rating in seven areas, including leadership, values, empowerment, capability-building, and sustainable success - demonstrating that its people-centric strategy drives business performance.

aynilad is the first and only water utility in the Philippines to achieve this distinction, underscoring its commitment to building a highperforming, purpose-driven, and people-centric organization.

20 THE VIEW

CULTURE OF INNOVATION, ACCOUNTABILITY Beyond internal achievement, the accreditation highlights how Maynilad’s strong culture of innovation, adaptability, and accountability translates into better service for millions of customers across the West Zone of Manila.

With this award, Maynilad joins over 50,000 IiP-accredited organizations in 66 countries and sets a new benchmark for the Philippine water industry. <<

ENVIRONMENTAL, SOCIAL & GOVERNANCE

Selected students for the 2025–2026 IRN Program attend the MoU signing ceremony at Indofood Tower, Jakarta, together with representatives from Indofood and the IRN Expert Team.

Indofood and the IRN Expert Team present awards to the four outstanding student researchers of the 2024–2025 IRN Program.

INDOFOOD RISET NUGRAHA EMPOWERS INDONESIA’S YOUNG FOOD RESEARCHERS As it approaches two decades of dedication to food research, the Indofood Riset Nugraha (“IRN”) program continues to nurture the next generation of food researchers to strengthen Indonesia’s food security.

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iding on the momentum of World Food Day 2025, celebrated on 16 October, Indofood launched the 2025–2026 IRN program through an MoU signing ceremony with the selected student researchers.

Echoing the World Food Day theme ‘Joining Hands for Better Food and a Better Future,’ IRN underscores Indofood’s long-standing commitment to advancing food research and innovation.

Indofood reiterates its vision as a Total Food Solutions company.

The program highlights the importance of collaboration in building sustainable food systems and ensuring access to nutritious food for all. Through IRN,

The rigorous selection process involved a multidisciplinary expert panel across various fields, including food technology, agricultural

Head of the IRN Program and Director of PT Indofood CBP Sukses Makmur Tbk, Suaimi Suriady, at the MoU signing

STUDENT PROPOSALS UP 20% This year, IRN saw an encouraging growth in participation, with 735 research proposals submitted from 135 universities, a 20 percent increase from the previous year. This growing enthusiasm reflects a rising interest among students in functional food innovation and in the potential of Indonesia’s diverse local ingredients.

Selected students signing the MoU for the 2025–2026 IRN Program.

economics, animal husbandry, nutrition and health, fisheries and biotechnology evaluated all proposals. From these, 96 proposals were chosen to receive research funding. Each participant will benefit from funding and mentoring by the IRN Expert Team through two stages of evaluation, along with soft-skills professional research training.

OUTSTANDING PROJECTS RECOGNIZED At the 2025 MoU ceremony, IRN also recognized four Best-selected Researchers from the 2024–2025 cycle for their outstanding projects, ranging from plant-based dairy alternatives and functional eggs to sustainable farming systems and probiotic culture development.

Since its inception in 2006, IRN has received over 8,300 proposals and funded about 1,200 student research projects nationwide. The IRN initiative has been part of Indofood’s Building Human Capital CSR pillar, reflecting its long-term commitment to education and innovation. <<

Chairman of the IRN Expert Team, Prof. Dr. Ir. Purwiyatno Hariyadi, M.Sc (middle), with Indofood representatives and top researchers of the 2024–2025 IRN Program.

THE VIEW 21

ENVIRONMENTAL, SOCIAL & GOVERNANCE

PLDT upgraded in MSCI ESG Ratings In September 2025, PLDT shared that it has been upgraded to a rating of “BBB” from “BB” in the MSCI ESG Ratings assessment in 2025.

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he upgraded rating reflects the company’s continuing efforts to embed sustainability in its business and improve its ESG risk management practices.

Provided by MSCI ESG Research, MSCI ESG Ratings scores global companies according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers.

LEADING IN DATA SECURITY, DECARBONIZATION PLDT was ranked as an industry leader in its management of privacy and data security risks, led by its Board-level Data Privacy and Information Security Committee. PLDT also ranked higher than the industry average in its management decarbonization roadmap that targets 40% reduction of its Scope 1 and Scope 2 greenhouse

gas emissions by 2030, coming from a 2019 baseline.

PLDT gained an improvement in its overall governance rating and outranked the industry average in the corporate behavior category.

PLDT First Vice President and Chief Sustainability Officer Melissa Vergel de Dios commented, “Our improved MSCI rating is a recognition of our efforts to uphold practices that aim to continuously manage our ESG risks, support the company’s drive towards long-term profitability, and ensure that our business contributes to the wellbeing of our stakeholders and the planet.” <<

PLDT AND SMART SHOWCASES INNOVATION AT THE UNGC LEADERS SUMMIT On 23 September 2025, PLDT and Smart showcased an in-house innovation at the United Nations Global Compact (“UNGC”) Leaders Summit 2025, held in New York. PLDT represented the Philippines, one of 15 featured countries.

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LDT’s innovative solution integrates localized maps of natural hazards and remote monitoring of network facilities in a central visual dashboard. This enables proactive service maintenance and reduces network downtime, while also enhancing the safety of employees and customer communities.

The solution uses AI to automate natural hazards assessments while harnessing the Internet-of-Things for 24/7 remote monitoring and reporting.

FACING THE CHALLENGES OF TODAY AND TOMORROW PLDT has a track record of supporting the Philippines’ ecosystems for 22 THE VIEW

disaster preparedness, response, and resilience. For the fourth consecutive year in 2025, the Philippines topped the WorldRiskIndex, with the country repeatedly responding to climate change and other natural hazards.

PLDT ESG Data Analyst Erich Stephen Lagura explained, “During disasters, our services help keep people safe and businesses running, and support relief operations. In good times and in bad - connectivity is a lifeline.

And so, our job is to continuously deliver connectivity, especially when Filipinos need it the most.”

PLDT Chairman and CEO Manuel V Pangilinan added, “This achievement

is proof that our people, especially our young talents, are helping build a more resilient PLDT and Smart - one that is ready to face the challenges of today and tomorrow.”

PLDT is a member of the local chapter of the UNGC – the Global Compact Network Philippines.

These endeavors align with PLDT and Smart’s continuing contribution to the UN SDGs, particularly #8: Decent Work and Economic Growth; #9: Industry, Innovation, and Infrastructure; #11: Sustainable Cities and Communities and #13: Climate Action. <<

ENVIRONMENTAL, SOCIAL & GOVERNANCE

SUSTAINABLE STEEL RECYCLING Good for business; good for the environment

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PIC, Mitsui, and SteelAsia have joined forces in rethinking how steel is sourced, used and reused in the Philippines.

On 20 August 2025, MPIC entered a Memorandum of Understanding with a unit of Mitsui & Co. (Asia Pacific) (“Mitsui”) and SteelAsia Manufacturing Corporation to explore the creation of a closedloop steel recycling system that supports a circular economy. Under the proposed model, MPIC and its operating companies will identify the volume and types of steel scrap generated within the MPIC Group. Mitsui will integrate and manage the flow of recovered scrap to SteelAsia, which will manufacture high-quality “green steel” products for potential use in future infrastructure projects.

This initiative will maximize the value of steel, reduce the reliance on newly mined materials, cut carbon emissions, and keep resources in continuous productive use.

LESS EXTRACTION, FEWER EMISSIONS, STRONGER SUPPLY CHAINS “This initiative goes beyond just recycling, it represents a fundamental shift on how we approach sustainable growth,” said MPIC Chief Finance, Risk, and Sustainability Officer June Cheryl Cabal-Revilla. “A closed-loop system for steel means less extraction, fewer emissions, and stronger local supply chains. This model delivers lasting value for the economy, the environment and our communities.”

principles into both strategic planning and daily operations.

A SHARED VISION SteelAsia President Sean Andre Y Sy expressed a positive outlook about the collaboration: “We find ourselves in good company with MPIC and Mitsui who share our commitment to adopt sustainability as one of their core values. By recycling domestic waste, together we advance the country’s economic development in the best way possible.”

“What makes this steel recycling system even more sustainable is that it produces green steel through SteelAsia’s low carbon emission technology–good for business and good for the environment,” he added.

Mitsui Branch General Manager Kazuhiro Nomura added, “We are pleased to announce the signing of a MOU with MPIC and SteelAsia for the joint study on closed-loop steel recycling. By leveraging Mitsui’s extensive experience in scrap and steel trading, we aim to realize this initiative and contribute to the creation of a more sustainable society.” <<

This effort is in alignment with MPIC’s sustainability framework, which integrates economic, environmental, social, and governance (“EESG”)

THE VIEW 23

ENVIRONMENTAL, SOCIAL & GOVERNANCE

SIU Volunteers during the coastal cleanup at Barangay Maligaya Beach

Shore It Up! extends to Marinduque The Philippines’ beautiful island province of Marinduque is the latest recipient of Metro Pacific Investments Foundation’s (“MPIF”) flagship conservation program.

Marinduque, known as the heartshaped island of the Philippines, is surrounded by significant waters and borders the Verde Island Passage, recognized as the most biodiverse marine habitat in the world.

SIU volunteers weigh plastic bottles collected during the coastal cleanup

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hore It Up! (“SIU”) was officially expanded in August 2025 in a partnership between MPIF and the Provincial Government of Marinduque (‘PGOM”). Under the agreement, the partnership will implement the Marine Protection, Inspection, and Conservation Guardians program across key coastal regions. Twelve Marine Guardians will be trained, funded and deployed to safeguard marine ecosystems and support coastal law enforcement.

24 THE VIEW

SERVING BOTH THE ENVIRONMENT AND TOURISM Marinduque Vice Governor Bacorro expressed gratitude for the initiative and its impact on the province, saying: “It is truly an honor for us to have an initiative like this that serves both the environment and tourism, and we look forward to the expansion of this program here in Marinduque. We are sincerely grateful for the many blessings made possible through the support of Mr. Manuel V Pangilinan.”

The launch weekend was a threeday series of activities dedicated to marine protection, conservation, and

L-R: MarSU VP Marvin Plata; Kaluppa Foundation Executive Director Rafael Seño; MPIF President Melody del Rosario; Province of Marinduque Vice Governor Hon. Romulo Bacorro, Jr.; MarSU President Dr. Diosdado Zulueta.

Underwater assessment cleanup

community engagement with 600 volunteers.

Volunteers gathered for simultaneous coastal and underwater clean-up drives, collecting and segregating 559 kilograms of debris for data recording.

The weekend also engaged the youth through the Junior Environmental Scouts program, where more than 200 students took part in sessions on environmental stewardship.

To complement the activities, mWell, MPIC’s digital healthcare platform, rolled out a two-day check-up teleconsultation program, providing free medical consultations and basic medicines to local residents, promoting both environmental sustainability and community wellbeing.

MPIF President Melody del Rosario summarized, “Shore It Up! has always been about enabling communities to protect the marine resources that sustain them. By launching SIU in Marinduque, we are uniting local government, experts, and communities to work hand in hand for conservation.” <<

SIU Junior Environmental Scouts with Pawi the Pawikan

ENVIRONMENTAL, SOCIAL & GOVERNANCE

and Masbate respectively. They devastated key infrastructure, homes and agriculture. In response, PSF in partnership with the PLDTSmart Sales Volunteer Team, distributed food and hygiene packs to help affected families meet their immediate needs.

On 30 September, a magnitude 6.9 earthquake struck offshore Northern Cebu. Then in October, two major earthquakes - magnitude 7.4 and 6.7 - hit off the coast of Davao Oriental, triggering landslides and aftershocks.

Recovery efforts continue as affected families rebuild homes and restore normalcy.

Strength and unity in the season of giving Christmas support initiatives by First Pacific Group companies in the Philippines have a special significance this year.

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t has been a very challenging period of natural disasters, with successive earthquakes and typhoons bringing devastation.

The PLDT-Smart Foundation (“PSF”), together with the group’s CSR arm, Tulong Kapatid, has mobilized to support communities in crisis.

Their collective action aims to remind affected families that they are not alone - and that the season of giving continues to shine even in times of disaster.

GIFT PACKS, JOY AND HOPE The initiative is named Paskong Kapatid (‘Brotherly Christmas’) - a yearly outreach that brings Christmas joy and hope to Filipino families. This year, it is extended to disaster-affected families, with the distribution of food packs and toys. Employees and partners of the companies take an active part in volunteering time and effort to share care and encouragement with communities on the ground. The initiative seeks to uplift spirits, spark

smiles, and help families rebuild hope.

TYPHOONS AND EARTHQUAKES The Philippines’ natural disasters have, unfortunately, been all too frequent in 2025 to date.

Two powerful typhoons, known internationally as Ragasa and Bualoi, ravaged Northern Luzon

SPIRIT OF STRENGTH AND HOPE Despite these challenges, Filipino communities continue to show strength and unity. Through Paskong Kapatid, First Pacific Group companies mobilize to stand with those affected - helping rebuild not just homes, but also faith in a brighter tomorrow.

PARTNERS IN TULONG KAPATID  PLDT-Smart Foundation  One Meralco Foundation  Metro Pacific Investments

Foundation  TV5 Alagang Kapatid Foundation

Inc.  Makati Medical Center Foundation  Other Group affiliates and

volunteers under Tulong Kapatid <<

11/2025

First Pacific Group companies in the Philippines are dedicating their Christmas outreach to the many disaster-affected communities. Group companies, volunteers, and NGOs and community partners, under the PSF and Tulong Kapatid banner are working hard to bring medical support, food,necessities, gifts and toys to those in need.

We stand with them, to ignite sparks of hope and joy in the Christmas season.

www.firstpacific.com

MAYNILAD MARKS DEBUT ON THE PHILIPPINE STOCK EXCHANGE 2 A new chapter for Maynilad | 4 Landco Pacific redefines hospitality 6 MPAV acquires Franklin Baker | 19 Indofood wins ESG, brand awards