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Date Posted: 01:46:46 09/24/12 Mon
Author: IMRD
Subject: Sept. 24, 2011 news

http://www.manilatimes.net/index.php/news/top-stories/31612-mvp-cuts-ties-with-ateneo-over-rh-bill-mining


MVP cuts ties with Ateneo over RH bill, mining


Published on 22 September 2012
Hits: 307
Written by Beting Laygo Dolor, Managing Editor
Budding brown taipan Manuel “Manny” V. Pangilinan has severed his ties with the Ateneo de Manila University after the Jesuit-run private school issued a paper opposing mining in the country.


Pangilinan is the chairman and chief executive officer of Philex Mining, one of his core businesses that include the Philippine Long Distance Telephone Co., Smart Communications, TV5, and the Manila Electric Company.

Pangilinan’s exit as patron of his alma mater comes at the heels of his expression of frustration at the government for dragging his name into the Panatag (Scarborough) Shoal controversy and the subsequent word war between Senate President Juan Ponce Enrile and Sen. Antonio Trillanes 4th.

Besides his disagreement with the Ateneo over the mining industry, the business tycoon also scored the school’s strong opposition to the Reproductive Health (RH) Bill.

The 66-year-old Pangilinan is a cum laude graduate of the Ateneo and he has been instrumental in the bid of the Ateneo Blue Eagles to win an unprecedented fifth straight UAAP men’s basketball title.

An Ateneo official said that they were “reeling” from the abrupt exit of Pangilinan, who had earlier said that he was also inclined to leave the Philippines and head back for Hong Kong, where he first made a name for himself as managing director of the Indonesia-based First Pacific group.

Pangilinan is said to also own shares in a national broadsheet, as well as a business newspaper.

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