第一太平
In Hong Kong, Pangilinan co-founded First Pacific in 1981 with Liem Sioe Liong and his son, Anthoni Salim. Through First Pacific, Pangilinan returned to the Philippines after 22 years with a number of investments under Metro Pacific Investment Corporation (Metro Pacific). As chairman of Metro Pacific, Pangilinan contributed to nation building through major investments in power distribution and energy innovations (Meralco), urban water concession (Maynilad Water Services), tollways (Metro Pacific Tollways Corporation), upgrading hospitals and health services (Metro Pacific Investments Corporation). He is also Chairman of TV5 and Philex Mining Corporation.