Philippines: MPIC to pour P200-M for newly-acquired Davao hospital.

Section: General News - Metro Pacific Investments Corp. (MPIC) will pour P200 million in additional investment this year into its newly-acquired Davao Doctors Hospital (DDH) in Davao City.

Philippine Long Distance Telephone Company (PLDT) chair Manuel Pangilinan, who also chairs MPIC, made the disclosure at a press conference in Dusit Thani Hotel shortly after the holding of the PLDT Annual Stockholders Meeting in Makati City early this week. The stockholders' meeting was also attended by this writer.

Pangilinan said the P200 million is in addition to the P200 million which the company poured into DDH last year upon its acquisition of 34 percent ownership of DDH. …