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MFI Foundation Inc. (formerly Meralco Foundation, Inc.) is a non-stock, non-profit science foundation based in Pasig, Metro Manila, Philippines. The MFI Farm Business Institute at Jalajala is located at the MFI Technological Institute at Ortigas Campus, the MFI Technological Institute at Pasay Taft Campus, and the MFI Technological Institute at Ortigas Campus of MFI.
Ownership of Meralco Securities Corporation was placed under a newly created shell company called the Meralco Foundation, Inc., controlled by Marcos' brother-in-law Benjamin Romualdez, [9] which made a downpayment of about $1,500 for a "very minimal" total sale price of about $28 million (200 million pesos at the prevailing rate). Installment ...
The club was founded in 2006 as Loyola Agila Football Club by former student footballers of Ateneo de Manila University. [1] The team is named after St. Ignatius of Loyola, the university's patron saint, while Agila is Tagalog for "eagle" (the university's sports teams are called the Ateneo Blue Eagles).
Manila Electric Company (Meralco) - acquired by the Lopez Group 1962 and developed into a power-distributing company. Between 2009 and 2012, the Lopez Group would reduce its 33.4% holdings in MERALCO by selling most of its shares to the First Pacific Group. [5] [6] [7] Since 2012, the Lopez Group's maintains a 3.95% interest (one board seat) in ...
Being a private facility, it is situated inside the Meralco Center at Ortigas Avenue in Pasig. [1] The transformation of the JFCH into an integrated corporate wellness center made the Manila Electric Company the first corporation in the Philippines to institutionalize the implementation of such a program.
Meralco was so large that many Filipino businessmen believed that its acquisition by a Filipino was nearly impossible. By 1960, Meralco was worth $66 million and served more than 360,000 customers. In 1961, Fortune Magazine cited that the company's operations and equipment were comparable to the best US power firms. [citation needed]
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