There is strong demand for logistics services and the sector, which is broadly unregulated, offers the prospect of attractive returns,? said Pangilinan, chair of MPIC. ? The geography of the Philippines requires a good infrastructure so that is the reason why we are taking a serious look in the logistics business,? he added. A unit of Hong Kong-based conglomerate First Pacific Co. Ltd. of Indonesia?s Salim Group, MPIC is taking in a foreign logistics partner to grow the business. The entry of a foreign partner will reduce MPIC?s stake in Metro Pacific Movers to 51 percent. It has committed to invest about P5 billion in this initiative over the next five years. Pangilinan said the group, which include Philippine Long Distance Telephone Co., Manila Electric Co. and Roxas Holdings could outsource their trucking requirements to Metro Pacific Movers. Meralco, PLDT and Smart Communications currently have about 7,000 to 8,000 vehicles.