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San Miguel clarified that its President and CEO, Ramon Ang, made an “indirect” investment in Metro Pacific (MPI) “in his personal capacity”.

“in his personal capacity”. SMC went on to reveal that Mr. Ang’s investment in MPI was “on the invitation of Mr. Manuel V. Pangilinan”, and that Mr. Ang was elected to MPI’s board of directors at a meeting held on October 17. The original reporting did not mention the size of Mr. Ang’s investment, but did quote a “ranking Metro Pacific source” as saying that Mr.

The President of the Philippine Stock Exchange, Ramon Monzon, said in an interview that the PSE is drafting a rule...

 

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