THE VIEW 5/2022

NEWS

CCLEX opens as spectacular icon of Cebu

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

“A bridge is more than just a crossing across an obstacle. It connects communities, it connects cultures, it connects people.”

resident Rodrigo Duterte led the opening ceremony on 27 April this year of the CebuCordova Link Expressway (“CCLEX”), the engineering marvel that has become Cebu’s newest icon. The opening took place on a historic date: the 501st commemoration of the Victory in Mactan, which marks the victorious battle of the warriors of Mactan over the Spanish armada, led by Portuguese explorer Ferdinand Magellan. A BEAUTIFUL STRUCTURE “We are happy and honored to have come to this point, opening the biggest infrastructure project in this part of the country,” said Metro Pacific Tollways Corporation (“MPTC”) Chairman Manuel V Pangilinan.

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THE VIEW 5/2022

Published on May 27, 2022Construction

First Pacific Company

This issue of The View reports on several highlights for First Pacific, with its strongest-ever earnings in 2021 and the receipt of its first-ever investment-grade credit ratings from Standard & Poor’s Global Ratings and Moody’s Investors Service. These underscore the strength of First Pacific during turbulent credit market conditions. PLDT reached a landmark transaction for the sale and leaseback of 5,907 telecom towers and related passive telecom infrastructure for ₱77 billion - the largest-ever bacquisition of assets in the Philippines by international investors. MPIC marked a milestone of engineering with the official opening of the Cebu-Cordova Link Expressway (“CCLEX”). It stands as Cebu’s spectacular new icon and is expected to accommodate approximately 50,000 vehicles per day. Indofood recently added Indomie Goreng Ayam Pop to its Indomie Kuliner Nusantara noodle collection, and launched a new nutritious UHT milk product for three to five-year-old children – Indomilk Kids with 25% Less Sugar.