August 2020 ABS-CBN Foundation: 31 Years of Love
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AUGUST 2020 A monthly publication of the Lopez group of companies www.lopezlink.ph http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph ABS-CBN Foundation: 2 31 years of love PHOTO BY ABS-CBN.COM and transformation By Ema Trinidad Story on page 4 3 PHOTO BY JONATHAN CELLONA/ABS-CBN NEWS 1 4 CSR Council’s ABS-CBN Jodi, Iza makes digital 1st virtual face off …page 8 pivot …page 3 meeting …page 7 2 Lopezlink August 2020 BIZ NEWS BIZ NEWS Lopezlink August 2020 3 promos & offers LAA 2020 postponed until 2021 FPH posts 26% decrease in 3 reasons to enroll to SKY e-Bill THE Lopez Achievement CBN, one of the biggest sup- ABS-CBN makes digital pivot, Awards (LAA) 2020 has been porters of the LAA. postponed and shall be com- The program management attributable net income bined with next year’s cycle, the team reported that it had re- FIRST Philippine Holdings to P53.9 billion from P67.9 clude one-off expenses related to LAA program management ceived a total of three nomi- offers more online streaming By Kane Choa Corporation (FPH) reported a billion. the group’s COVID-19 response team announced via email early nations for the LAA and was 26% decrease in net income at- Sale of electricity accounted for accounted for the results. this month on behalf of the Lo- processing another six nomina- FROM broadcast to livestream- subscription fees, we hope to This marks tributable to equity holders of 89% of revenues in 1H20 com- On a recurring net income pez Group executive committee. tions prior to the postponement. ing, ABS-CBN is pivoting to be able to reach more Filipinos another mile- the parent to P5.0 billion from pared to 86% of revenues in 1H19. basis, FPH recorded earnings The team said the CO- One nomination for the Unsung meet the Filipino audience’s and stay true to our promise to stone in ABS- P6.8 billion in 1H19. It report- Lower revenues from all business of P10.2 billion, 21% lower VID-19 pandemic situation Hero award was being processed growing demand for content continue to serve Filipinos in CBN’s digital ed a 21% decrease in revenues units and higher costs that in- than last year’s P12.9 billion. that continues to affect all the alongside six entries for the Life- Group executive committee, the companies in the Lopez Group time Achievement awards. LAA program management online with Kapamilya Online whatever way we can,” Vidanes transformation necessitated the postponement These will all be combined team wishes to thank all those Live. said. that began in of what would have been the with LAA 2021 nominations, who have already submitted their ABS-CBN is bringing more Available in the Philip- recent years First Gen’s recurring 18th year of the LAA. They the team added. nominations as well as those who of its content to the digital pines via ABS-CBN En- as audiences also pointed out “the challenge The winners of the LAA 2020 are still in the process of prepar- space by streaming its new tertainment’s Facebook and continued to to focus, coordinate and get and LAA 2021, when they are ing them,” the team concluded. and well-loved programs on YouTube accounts, Kapami- consume more comprehensive data during the finally selected and announced, For any queries and/or con- its Facebook and YouTube lya Online Live livestreams content online. earnings down by 15% A B S - C B N preparations of the nomina- will join the total of 135 LAA cerns, email the LAA program accounts, which have over 50 new episodes of “FPJ’s Ang News continues FIRST Gen Corporation re- decrease in recurring earnings First Gen’s net income at- tions” with employees largely Excellence Awards, 13 Unsung management team: Karen Ven- million followers and subscrib- Probinsyano,” “It’s Showtime,” to house news ported a recurring net income for the period. From a recurring tributable to equity holders in working from their homes. Hero Awards and six Lifetime tura ([email protected]), ers combined. “ASAP Natin ‘To,” “Love Thy programs “TV attributable to equity holders of attributable net income to par- 1H20 was P6.7 billion ($133 At the same time, deferring Achievement Awards recipients Ayie Volpane (AAVolpane@ ABS-CBN chief operat- Woman,” “A Soldier’s Heart,” Patrol” and P6.7 billion ($133 million) in ent of P5.5 billion ($105 mil- million). This was P1.9 billion this year’s cycle shows the Lopez since 2002. fphc.com) and Ross Hamo Jr. ing officer for broadcast Cory “Magandang Buhay,” “Paano Do you still receive your SKY bills in printed form? It may be time “The World the first semester of 2020 from lion) in the first half of 2019, ($33 million) or 20% less than Group’s solidarity with ABS- “On behalf of the Lopez ([email protected]). Vidanes said the launch of Kita Mapasasalamatan” and to convert to receiving them via email. Here are three reasons: Tonight” on its the operations of its 3,492- the gas platform generated the 2019 earnings of P8.7 bil- Kapamilya Online Live dem- “Iba ‘Yan!” 1. Health and safety. With no physical bill to be printed and Facebook page megawatt clean, low-carbon P4.5 billion ($88 million) for lion ($166 million) due mainly onstrates the company’s com- Audiences in the Philip- Special Feature delivered, you have less physical contact with people and, there- with 20 million followers and and renewable portfolio. the same period in 2020. to lower electricity sales across mitment to remain in the ser- pines thus have another way a legislative franchise, includ- fore, fewer chances of catching infections or viruses. on its YouTube channel with This was a 15% or P1.4 billion Energy Development Corpo- all platforms, though partially vice of the Filipino regardless of to enjoy the programs of ABS- ing digital channels, cable, 2. Security and privacy. As the bills will be sent to your 9.83 million subscribers. ($23 million) fall from its P8.2 ration (EDC) contributed slight- offset by lower interest expens- the situation. CBN, which had launched international licensing and After rescue, Makilala Hiraya email address, you can limit access to your bills to those who ABS-CBN recently dis- billion ($156 million) in earnings ly lower recurring earnings from es. “By livestreaming our shows Kapamilya Channel on cable distribution, and production of can open your email accounts. closed that it would focus on from the same period in 2019. its geothermal, wind and solar First Gen’s consolidated rev- on our Facebook and YouTube and satellite TV nationwide in content for various streaming 3. Timeliness. As electronic bills are automatically gener- businesses that do not require “The full brunt of the second- platform of P2.4 billion ($48 enues from the sale of electric- released back into Mt. Apo park accounts for free without any June. services. By Soleil Micah Acu ated and sent via email, you will receive your bills as soon as quarter lockdown saw demand million) in the first six months of ity in the first semester of 2020 these are available. To enroll your SKY account to e-Bill, visit for electricity drop significantly 2020, almost unchanged in com- declined by P10.4 billion ($170 mysky.com.ph/ebill. with the abrupt economic slow- parison to the P2.6 billion ($49 million) or 15% to P47.7 bil- ON June 8, a Philippine eagle conservation Dr. Jayson Ibañez. SKY Fiber’s most affordable down. First Gen was not spared, million) it earned in the same lion ($939 million) compared to was rescued from being mobbed PEF will monitor Makilala for which explains our lower income period last year. P58.1 billion ($1,109 million) in by a flock of crows in Brgy. the next six months. for the period,” First Gen presi- The hydro platform’s recurring 2019. The natural gas portfolio Kisante in Makilala, North PEF reached out to EDC, its dent and COO Giles Puno said. earnings contribution dropped by accounted for 61% of First Gen’s Cotabato, near Mt. Apo Natural longtime partner, for the release of plan gets speed upgrade “[The year] 2020 will prove to 68% or P0.5 billion ($9 million) total consolidated revenues. Their Park where Energy Develop- the bird and the monitoring to be be a challenging year for all. This at P0.2 billion ($4 million) for the revenues were 17% lower in the ment Corporation (EDC) op- conducted thereafter. At EDC’s SKY Fiber has enhanced its informed at home as they maxi- pandemic and its disastrous ef- first half of 2020 from P0.7 bil- first six months of 2020 mainly erates. No serious injuries were 108-megawatt Mount Apo Geo- most affordable plan by in- mize unlimited broadband con- fect on the economy will give lion ($13 million) in 2019 mainly due to lower average natural gas found on the bird except for a thermal Project (MAGP), water- creasing the offered speed from nection that perfectly fits their us painful lessons that we must due to lower prices at the Whole- prices coupled with a decline in few abrasions on the wing and sheds are well-maintained and 5Mbps to 10Mbps for the same budget,” he added. humbly learn from.” sale Electricity Spot Market the plants’ dispatch. tail feathers. The eagle, a female, forests are lush. The 701-hectare monthly fee of P999, which of- SKY Fiber’s reliable internet First Gen’s natural gas-fired (WESM), though partially offset EDC’s geothermal, wind and was estimated to be around protected geothermal reservation fers the most value for money performance and the afford- power plants delivered a 16% by higher ancillary service sales.