Values—Of Eugenio H. Lopez Sr
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JULY 2011 www.lopezlink.ph FPH celebrates 50 yrs…page 3 The value—and- Values—of Eugenio H. Lopez Sr. Story on Page 2 http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph ABS-CBN Publishing’s digital dream MEET Vault. This sleek little gem stands out in a crowded market with its 6”x9” stats and softly rounded curves. As the youngest member of the ABS-CBN Publishing (API) family, Vault is one of the springboards that will propel the company into the global market. But that’s getting ahead of the story. In 1992, treasury trainee Ernie L. Lopez was plucked out of PCIBank by his father Eugenio “Geny” M. Lopez Jr. He was put in charge of Guide Publications, which printed and distributed the SKYCable TV guide. The start-up was so small that when the team bagged magazines for distribution, the younger Lopez, designated the assistant to the president, would be bagging magazines with them. This venture was preceded by a short-lived tabloid, Dyaryo Patrol, whose extremely lean team of less than a dozen people included Lopez Inc.’s Lito Banaag and veteran newspaperman Fort Yerro. Guide Publica- tions would later be renamed Benpres Publishing, after which it adopted the name ABS-CBN Publishing when Geny Lopez passed on in 1999. ABS-CBN Publishing acquired a three-year-old title from the LJC Group, Metro, to kick off the refreshed venture and the Lopez Group was back in the publishing game. The API portfolio is almost 100% composed of homegrown titles. This is because the DNA of the company, Lopez asserted, is more about creating its own products and showcasing Filipino creativity and artistry. API is now home to flagship magazineMetro and six other monthly titles, three quarterlies and a handful of biannual titles, annuals and specials. Now, Lopez and API are gearing up to do battle in a new arena, firing their first shot with the release of the Metro application software on iTunes a few months after Apple jump-started the tablet revolution. Turn to page 6 Lopez Holdings in final ‘Boto Mo, I-Patrol Power Plant Mall’s stretch of financial Mo’ wins Int’l. rainy day fixer-uppers …page 12 restructuring…page 2 Gold Quill!…page 4 Lopezlink July 2011 BIZ NEWS NEWS Lopezlink July 2011 Dispatch from Japan 110th birth anniversary OML is Pinoy Icon Embassy hosts 113th The Values of Eugenio H. Lopez Sr. Independence Day celebration THE Lopez Group remembers Eugenio Visayas to Manila while Nanding re- “We sincerely believe that a greater has been formalized in the Lopez THE Philippine embassy in donors and volunteers played as their families in the Philip- “Eñing” H. Lopez Sr. on his 110th birth mained in Iloilo. With his purchase proportion of the earnings accrued from Credo. The credo is “a statement 011 awardee Tokyo celebrated the 113th an important role in enabling pines. anniversary on July 20, 2011. of Meralco, the young man from Jaro business should be returned to the people of purpose that puts all the Lopez buried in the Heroes Cemetery anniversary of the declaration the embassy to respond to the In the evening, an informal The Group’s founder, Don Eñing was became the country’s “leading capital- whether this be in the form of founda- Group businesses in the service of of Philippine independence inquiries and requests for as- reception was held for more a visionary of the first water: he and his ist” in 1961. Meralco’s plant expansion tions, grants, scholarships, hospitals or any the Filipino and articulates the seven and 49% answered otherwise. “No wonder we seem to be, as with simple ceremonies as a sistance from the large number than 100 members of the Fili- younger brother Fernando, or Nand- program and other requirements later other form of social welfare benefits,” Don Lopez Values to guide corporate decisions mark of respect to the victims of Filipinos in Japan as well pino community. ing, belonged to a clan of sugar planters birthed several subsidiaries, thus giving Eñing asserted in 1958. “We consider this and operations as well as employees”: a nation, repeating our mistakes of the past over and over again. of the March 11 Great East and hacenderos in Iloilo and Negros. The Don Eñing the financial leverage to di- a sound policy and a good investment a pioneering entrepreneurial spirit, Japan earthquake and tsu- brothers sought to make their own for- versify further into other businesses. which, in the long run, will pay off because business excellence, unity, nation- A good appreciation of history would prevent that,” OML said. nami. tunes and, armed with a small printing The only thing keeping pace with the it will mean more business and goodwill alism, social justice, integrity and A flag raising ceremony was press they inherited from their late fa- frenzied growth of the Lopez business for the company and would minimize, if employee welfare and wellness. Other Pinoy Icon 2011 awardees included Demy Sonza held in the morning at the em- ther Gov. Benito Lopez, started on their empire was the breadth of the resources not prevent, the social unrest and disorder A cascade project was bassy grounds led by Ambas- way in 1928. dedicated by Don Eñing to his philan- which are prevalent nowadays.” launched during the Group’s for the Francisco Baltazar Award for Literature; Publeo Zoluaga, sador Manuel M. Lopez and By the 1930s, the brothers had diver- thropies. Aside from his legendary gen- Some five decades later, under the lead- 82nd anniversary in June 2010 Madame Maria Teresa L. Lo- sified into publishing and air and land erosity to people in his employ, the busi- ership of the second-generation Lopezes with the aim of imbuing and Juan Luna Award for Visual Arts; Erna Foerster, Teresa Mag- pez. transport. After the war, Don Eñing ness magnate early on formulated his led by Lopez Group chairman emeritus inspiring the employees with the This was later followed by a moved his base of operations from the creed on corporate social responsibility. Oscar M. Lopez, the founder’s philosophy ideals of Don Eñing. banua Award for Women; Maria LGFI chairman and Pinoy Icon 2011 awardee OML (center) with Rosa Cacho, Melchora Aquino luncheon hosted by Amb. Lo- Mayor Jed Patrick Mabilog of Iloilo City and a Jaycee International Award for Civic Work; Sen. pez to show appreciation to officer Franklin Drilon for the Emilio the donors and volunteers who At the LHC annual meeting LOPEZ Group Foundation Lopez Jaena Award. Aguinaldo Award for Govern- collaborated with the embassy Moving forward Inc. chairman Oscar M. Lopez In his message on behalf of ment Service; Prof. Dominique in providing relief and assis- Amb. and Mme. Manuel M. Lopez receive guests at a luncheon to thank Lopez Holdings working (OML) was one of nine Pinoy all the awardees, OML cited Maquiran, Apolinario Mabini tance to disaster victims. In his donors and volunteers who collaborated with the Philippine embassy in AS its financial restructuring speech, Amb. Lopez said the providing assistance to victims of the Great East Japan earthquake effort winds down to manage- Icon 2011 awardees sponsored the “absolute lack of any sense Award for Education; Dr. Jo- to resolve debt issue able debt levels, Lopez Hold- by JCI Regatta, SM City Iloilo of history” of many Filipinos, sette Biyo for the Panday Pira ings Corporation is now in a and ABS-CBN Iloilo. OML stating that a survey of the Award for Technology; and LOPEZ Holdings Corporation munications through ABS-CBN position to consider new in- was specifically cited for his Social Weather Stations found Dr. Malbar Ferrer for the Dr. Bayan Business showcases continues to work on resolving is- Corporation and in sustainable en- vestments. contributions to media where- out 50% think deposed Presi- Jose Rizal Award for Medicine. sues related to its remaining P1.8 ergy development, infrastructure, Such undertakings, in he was given the Graciano dent Marcos was worthy to be (Dulce Festin-Baybay) billion in unrestructured debt. property development and green whether in the form of expan- managed service offerings At the company’s annual meet- manufacturing through First Philip- sion, diversification or entirely BAYAN Business, the cor- Managed service is the ing, Lopez Holdings president Sal- pine Holdings Corporation (FPH). monitoring system, profes- new projects, will be pursued porate and business unit of practice of transferring day- sional services, remote tech- Mindanao Geothermal Production Field vador G. Tirona told shareholders ABS-CBN is the country’s largest On its golden jubilee Eugenio Lopez III at the level of the operating Bayan Telecommunications to-day related management the company is in the final stretch multimedia content provider and nical support service, cloud companies, Lopez Holdings chairman and CEO Am- Inc., highlighted its managed responsibility to managed of the financial restructuring pro- drives synergies with affiliate SKY- computing, hosted contact bassador Manuel M. Lopez said at the company’s an- service offerings as part of its service providers as a strate- cess it has pursued for the last nine Cable Corporation and sister com- FPH formally unveils new logo center, IP PBX, disaster EDC closes nual stockholders’ meeting on June 29. Bayan Business Managed Ser- gic method for effective and years. pany Bayan Telecommunications recovery site, managed se- The chairman’s remarks were delivered on his behalf by YEARS of “crucial shaping, that we’re still stand- vice Awareness Day campaign efficient operations. Global Lopez Holdings began restruc- Inc. curity, virtual private server, vice chairman Eugenio Lopez III as the former is current- pruning and forging of its cur- ing today.