MVP: Still a long way to go for Maya's IPO

Business titan Manuel V. Pangilinan’s telco empire boasts of leading players in their respective fields – PLDT and Smart.

- ELIJAH FELICE ROSALES

But ranged against e-wallet rival GCash, he is honest and humble enough to admit that their digital bank Maya Bank Inc. is nowhere near the level of the Globe unit, and that it has a long path to take before it can start considering going public.

Recently, Pangilinan traveled to his resort in Calatagan, Batangas for rest and recreation, and found time to dip into the waters to somewhat shake off the El Niño heat.

On the shorelines, several vendors approached him to sell ice cream and, as he was about to pay, he realized his pockets were empty of cash given that he just came off from swimming.