There is speculation that First Pacific's divestiture program is a way to raise cash for the Indonesians.
But he may also have to fold his hand if First Pacific's acquisitions turn out to be duds.
Many geeks were either ranting or raving yesterday about the debut of the first Pacific Rim trailer (as seen below).
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Property-and-telecommunications group Metro Pacific is taking a beating in the Manila stock market, as is conglomerate First Pacific in Hong Kong.
Not everyone is sold on the idea of selling Hagemeyer and putting all of First Pacific's eggs into the Asian basket.
First Pacific already has about 20% of its assets in the Philippines.
First Pacific's stock price was pummeled by all the uncertainty, but it has recently recovered a bit after the company revealed its plans.
One complicating factor for First Pacific as a bidder for PAL is that Pangilinan is chairman of PLDT, the largest telecoms operator in the Philippines.
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And he has a unique suggestion for playing the Philippine cellular market -- buy Metro Pacific, a conglomerate controlled by Hong Kong's First Pacific Holdings.
Expatriate is chief executive of Hong Kong's First Pacific Company Ltd.
The Dutch trading company accounts for 31% of First Pacific's profits.
First Pacific will emerge stronger when the region starts growing again.
Sources say First Pacific has struck a bargain with Cojuangco to buy the San Miguel stake -- rumored to be 21.3% -- if he gets it.
And a much smaller firm, First Pacific Advisors of Los Angeles, has filed to spin itself off to management from its current owner, Old Mutual Holdings .
Retail rents are falling rapidly: down by around 30% for street-level storefronts in Hong Kong, Kuala Lumpur and Bangkok, according to First Pacific Davies, a property consultancy.
First Pacific recently sold its 65% interest in Hong Kong cellular phone firm Pacific Link, and is looking for buyers for its entire 40% shareholding in Amsterdam-based distributor Hagemeyer.
By acting now, Pangilinan is trying to make sure First Pacific will not go the way of Peregrine, the aggressive Hong Kong investment bank that went belly up this month.
The PLDT transaction - dubbed the corporate deal of the century in the Philippines - involved the buyout of the phone giant by Manuel Pangilinan, executive chairman of First Pacific, the Hong Kong arm of Indonesia's Salim Group.
This puts Pangilinan and Gokongwei in direct competition, should First Pacific emerge as the preferred bidder for PAL. Tan will probably try to keep both bids alive and court other suitors so that he can net a higher price for his airline.
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He is not ruling out the businesses of Indonesia's Salim family, which holds 31% of First Pacific. (Other Salim allies control 23% more.) Two conditions have to be met: the acquisition must make commercial sense for First Pacific and its minority shareholders, and it must satisfy Hong Kong's rules on connected-party transactions.
Syncom 3 orbited above the Pacific Ocean and beamed pictures from the Tokyo Olympics to the US later that year - the first trans-Pacific TV transmission.
First, the Pacific is going through a cooler period, called La Nina (with this one being particularly strong), and the Atlantic is going through a warmer period.
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The program initially for San Francisco International Airport (SFO) allows visitors using the Klout for iPhone app to show a Score of 40 or higher to enter the Cathay Pacific First and Business Class Lounge.
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His Gloucester team-mate Luke Narraway is also doubtful for England's first game against the Pacific Islands on 8 November because of a hamstring injury.
Two of the biggest local banks, First Interstate and Security Pacific, have been taken over by San Francisco-based companies, Wells Fargo and Bank of America.
Tonga was the first country in the Pacific to formally launch ESD in 2007 and a number of ESD activities have been happening in the formal education sector.
It is the first such UNESCO institute in India and the first in the Asia-Pacific region.
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