Prime Media Holdings, Inc. (PMHI, commonly known as Prime Media) is a Philippine investment holding company based in Makati. Originally founded on February 6, 1963 as a development bank, the company has been changed to its current status since 2003. It is majority controlled by RYM Business Management Corporation, a business holding company associated with the Romualdez clan.
History
Early years
The company traced was founed on February 6, 1963 as the Private Development Corporation of the Philippines (PDCP).[1] It was a development financial institution incorporated in 1963 with the assistance of the World Bank, USAID, and the Philippine government.
For over 30 years, it operated as an investment house and established itself in private sector term lending, private finance, corporate finance, training and consulting, and fund management. Metro Pacific Corporation