Filinvest Development Corporation (FDC) is one of the Philippines’ leading conglomerates, with interests in property, banking services, infrastructure, sugar and power.
FDC, directly and through its subsidiaries, is one of the leading property companies in the Philippines. Publicly-listed subsidiary Filinvest Land, Inc. (FLI) manages the office and retail rental business as well as the trading business. Filinvest Alabang, Inc. (FAI), where FDC has an 80% stake, manages the foremost CBD in southern Metro Manila, Filinvest City. Wholly-owned subsidiary Filinvest Hospitality Corporation (FHC) is where hotels are developed and brands are formed.
Banking & Financial Services
EastWest Bank, established in 1994, is one of the fastest-growing banks in the country today, catering to the financial needs of consumers, middle market corporates, and the mass affluent. Through network of more than 400 stores nationwide, it offers a wide range of banking products and services, as well as allied financial services: non-life insurance brokerage, bancassurance, and leasing.
FDC, through Pacific Sugar Holdings Corporation (PSHC), wholly owns three Mindanao-based sugar companies engaged in milling, refining and developing sugarcane farms.
FDC recently committed to its first investment in infrastructure with its participation in the North Luzon Airport Consortium, which won the bid to operate and maintain Clark International Airport. FDC is the lead consortium member, with a 42.5% stake in the recently incorporated Luzon International Premier Airport Development Corporation (LIPAD). LIPAD, whose other owners include JG Summit, Changi Airports Philippines (I) Pte., Ltd. and Philippine Airport Ground Support Solutions, Inc., recently signed a 25-year agreement to develop commercial assets, operate and maintain project facilities and fit-out the new terminal in the Clark International Airport.
The establishment of FDC Utilities, Inc. (FDCUI) marks the Filinvest group’s re-entry into the power market. FDC has accumulated experience in the power industry since 1995 through the ownership of East Asia Power Corporation and, eventually, the Cebu Private Power Corporation in 1998 until 2000.