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Bayan Foundation: Helping Build the Nation from Below

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June 2007 A forbirthday Meralco chairman surprise Manuel M. Lopez at the LAA...pp.4 & 8 Bayan Foundation: Helping 1Q 2007 fi nancial results: build the nation from below IN a town in La Union, it was report- But this story of transformation neurs—but also stewards of funds; they First Gen, ed that fewer people knocked on the actually goes back to a decade earlier, were able to pay their loans on time with doors of Bauang Private Power Corp. to a group of women living in a de- interest. That inspired ABS-CBN Foun- pinakamalakas (BPPC) to ask for donations. Sari-sari pressed area in Metro Manila. dation Inc. [AFI] under Gina Lopez to kumita...p.2 stores started sprouting, and residents In 1997, the Lopezes loaned 25 make microfi nance a regular program engaged each other in a friendly com- women from Loyola Heights, Quezon under the foundation,” says ABS-CBN petition to come up with the best pro- City a certain amount of money to be Bayan Foundation Inc.’s Irma Cosico. cessed meat and fi sh products. Most used for a small business of their choice. Armed with additional fund- surprising of all, local moneylend- They were asked to pay off the loan, with ing from the BPPC, ABS-CBN Bay- ers lowered the interest they charged interest, within a designated period. an headed north to La Union and residents to 10% from the customary “That initial step proved that wom- 20%. en can be good—not only entrepre- Turn to page 6 2 exhibits open at the Lopez Museum ...p.9 Back-to-school fi n d s @ P o w e r ...p.12 Passing on the values: A typical Bayan client in Quezon Plant Mall City as she involves her whole family in her enterprise. 2 LOPEZLINK June 2007 January-March 2007 financial results (unaudited) 1Q 2007 financial performance Net income/(loss) attributable to equity Total revenues holders of the parent ABS-CBN namayagpag 1Q2006 1Q2007 % change 1Q2006 1Q2007 % change ABS-CBN P3.864 B P4.183 B +8 P118 Mn P280 Mn +137 By Carla Paras-Sison Internet connection ay agad na Ang total expenses naman ng makaka-access ng news at en- Meralco ay umakyat ng mas maba- Benpres P3.954 B P4.183 B +6 P2.052 B P731 Mn -64 UMANI ng maayos ang ABS- tertainment shows ng ABS-CBN gal na 10.7% sa P47.40 bilyon. First Gen US$217 Mn US$264 Mn +22 US$25 Mn US$34 Mn +33 CBN Broadcasting Corporation anumang oras. Tumaas ang purchased power cost mula sa 20% na paglaki ng airtime Meralco bawing-bawi at operations and maintenance, FPHC P13.409 B P15.114 B +13 P3.7 B P1.0 B -72 revenues noong unang tatlong Nagtala ng P532 milyon na subali’t bumaba naman ang inter- Meralco P41.614 B P48.199 B +16 (P748 Mn)* P532 Mn +171 buwan ng 2007, bunsod na rin ng net income ang Meralco noong est at ibang financial charges, taxes mga bonggang political ads para 1Q2007, nakabawi mula sa net loss bukod sa income tax, depreciation *Restated, after reversing provisions for probable losses following a favorable decision on its unbundling case sa midterm elections. na P748 milyon noong 1Q2006. at amortization, at paglalaan para Umangat ng 8% ang total Itinigil na nito ang paglalaan para sa disallowed receivables. proyekto para sa isang 100 MW 2006. Ang mas malaking share ng SkyCable, Bayan Telecommuni- revenues sa P4.183 bilyon mula sa probable losses dahil sa desi- First Gen pinakamalakas pa coal-fed power plant sa isla ng net earnings ay dahil sa paglago cations o Bayan, Rockwell Land P3.864 bilyon samantala ang net syon ng Supreme Court sa unbun- ring kumita Panay, kasama ang DM Consunji ng net income ng Meralco. Kasa- at Medical City. income para sa equity holders dling rate case noong Disyembre Ang net profit ng First Gen group bilang partner. ma rin dito ang parte ng FPHC sa Lumaki ang gross revenues ng parent ay mahigit dumoble sa 2006 na pumabor sa Meralco. Corporation ay umakyat ng 33% Kabilang din sa mga proyek- consolidated net income ng ibang ng SkyCable ng 10% noong P280 milyon mula P118 milyon. Kung wala ang provisions for sa US$34 milyon noong unang tong popondohan ang 550-MW associates tulad ng Rockwell 1Q2007 habang bumuti ng 8% Bagama’t bumaba ng 79% probable losses na P1.43 bilyon tatlong buwan ng 2007 samanta- na San Gabriel gas plant, at ang Land Corporation, First Philip- ang subscription revenues dahil ang license fees mula sa kontrata noong 1Q2006, ang net income lang lumaki naman ng 22% ang pagpapalawig ng 400-MW Pagbi- pine Infrastructure Development sa 5% growth ng subscribers. Ang ng ABS-CBN sa DirecTV sa US, dapat noong panahong iyon ay consolidated revenues mula sa lao coal-fired plant, na napanalu- Corporation (FPIDC) at First first quarter revenues ng Bayan nabawi ito ng 26% na pagtaas ng umabot sa P179 milyon. Kumpara pagbenta ng kuryente sa US$264 nan ng consortium ng TEPCO at Sumiden Circuits Inc. ay umakyat din ng 12% sa P1.3 sale of services na kumakatawan sa dito, umakyat pa rin ng 197% ang milyon. Marubeni mula sa Mirant. Benpres lumalakas bilyon dahil sa paglakas ng voice revenues mula sa cable and satellite net income sa 1Q2007. Ang dispatch levels ng mga FPHC matatag Ang unaudited consolidated at data revenues. Gayunpaman, programming services, film pro- Nakatulong din sa Meralco planta ng First Gen ay higit na Nag-report ng P1.0 bilyon na revenues Benpres Holdings Cor- nagtala ng net loss na P101 mi- duction and distribution, interactive ang 3.7% na pagtaas ng bentahe mataas at nag-average ng 78% net income attributable to equity poration ay umabot sa P4.183 lyon ang Bayan kumpara sa net media, content development and ng kuryente sa 6,039 gigawatt- para sa Sta. Rita at 92% para sa holders of the parent ang First bilyon noong 1Q2007, 6% na mas income na P357 milyon noong programming services, post pro- hours (gWh) at ang 49.1% na San Lorenzo, kumpara sa 73% Philippine Holdings Corporation mataas sa P3.954 bilyon noong 1Q2006 dahil sa mas mababang duction, text messaging at iba pa. pagbaba ng unrecoverable pur- para sa parehong planta noong (FPHC) noong first quarter ng 1Q2006. Ang net income attribut- foreign exchange gains. Noong matapos ang Marso chased power sa P494.46 milyon. unang tatlong buwan ng 2006. 2007, mas mababa sa P3.7 bilyon able to the equity holders of the Ang Manila North Tollways 2007, nagtala ng 18% na paglaki Dahil sa mas mataas na bentahe ng Samantala, ang hydroelectric noong first quarter ng 2006. parent ay bumaba ng 64% sa P731 Corp. (MNTC), sa ilalim ng ng subscriber base ang ABS- kuryente, umakyat ng 15.8% ang facility na Pantabangan-Masiway Kung hindi isasama ang P2.7 milyon mula P2.052 bilyon, dahil FPIDC, ay nagtala ng net income CBN, equivalent sa 1.6 million revenues ng Meralco sa P48.20 ay nagdagdag ng US$9 milyon sa bilyon na one-time gain ng FPHC sa 67% na pagbagsak sa equity in na P413 milyon, mas mababa ng viewers sa buong mundo. Gayun- bilyon mula P41.61 bilyon. kita ng First Gen. Matatandaang mula sa initial public offering (IPO) net earnings of investees sa P632 40%. Ito ay dahil sa pagbaba ng toll din, kumita ang tatlong pelikulang Nanguna ang commercial nabili ng First Gen ang Panta- ng First Gen noong Pebrero 2006, milyon mula P1.930 bilyon. rate at sa mas mababang foreign ipinalabas ng ABS-CBN Films segment sa paglakas ng energy bangan-Masiway noong 2006 sa ang net income attributable to eq- Kung hindi isasama ang P2.7 exchange gains. Tumaas naman ng noong unang quarter ng 2007, ang sales sa 6.1%, kasunod ang indus- halagang US$129 milyon mula uity holders ay pareho lamang. bilyon na one-time gain ng FPHC 8% ang cost ng toll operations dahil “Kasal, Kasali, Kasalo,” “Agent trial segment sa 4.1%. Ang energy sa pagsasapribado nito ng Power Lumaki ng 13% ang total un- mula IPO ng First Gen noong Pebre- sa pagtaas ng operator’s fees upang X44” at “You Got Me.” Katunay- sales naman sa residential segment Sector Assets and Liabilities Man- audited consolidated revenues ng ro 2006, ang net income attributable masagot ang inflation at pagtaas ng an, humakot ng higit P100 milyon ay umangat lamang ng 0.7%. Ang agement (Psalm) Corporation. FPHC sa P15.1 bilyon kumpara to equity holders noong 1Q2006 ay pasahod. Bukod sa pasahod, tumaas ang “Kasal, Kasali, Kasalo.” patuloy na paglaki ng commercial Para sa hinaharap, nag-bud- sa P13.4 bilyon. Nakasalamin sa P632 milyon lamang. Samakatuwid, din ang buwis at mga lisensiya na Samantala, malakas naman segment ay dahil sa magandang get ng US$1.375 bilyon ang financial results ng FPHC ang ang first quarter 2007 net income na binabayaran ng MNTC. ang paghatak ng subscribers ng sitwasyon sa real estate kung saan First Gen para sa pagpapalaki magandang performance ng P731 milyon ay 16% na mas maigi Tumaas ng 11% ang revenues ABS-CBN Interactive para sa maraming bagong office buildings ng kapasidad nito sa susunod na power-related affiliates nito na kumpara sa first quarter 2006 na ng Rockwell Land sa P830 mi- ABS-CBN Now, isang video at residential condominiums ang limang taon. Balak ng First Gen First Gen at Meralco. recurring net income. lyon mula P748 milyon.
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    In our team-building session recently, our team relevant entertainment and news programs for agreed that we should do better at celebrating our you, our Filipino Kapusos living abroad. team milestones and achievements. Our team is very proud of these accomplishments. And so we did. With your support, we look forward to mark even more successes. To mark GMA International’s 6TH year anniversary, we came up with a commemorative shirt outlining But more than these, do you know what makes our achievements over the last six years. We all had our job rewarding? It is when we hear your fun designing the shirt, and posing for the cameras feedback. When you say, “Thank you GMA to show it off. Pinoy TV, nawawala ang pagka homesick ko,” or “Napasaya mo kami! Parang nasa Pilipinas We now have three (3) international linear channels kami”, or “Araw-araw kami nanonood sa channel beaming in 88 countries reaching 2 million viewers n’yo!”. These make us work even better for you. worldwide. In mid-2005, we launched our flagship channel GMA Pinoy TV. In 2008, we launched This is your GMA International team. lifestyle channel GMA Life TV, and late last year, Bringing you closer to home, mga Kapuso! we launched GMA News TV International. All of these, in our desire to bring the best and most Follow us on twitter Like us on Facebook Joseph Francia @gmapinoytv www.facebook.com/gmapinoytv Vice President, GMA International @gmalifetv www.facebook.com/gmalifetv @gmanewstvIntl www.facebook.com/gmanewsinternational The ASEAN Basketball League 2012 on GMA News TV International! gMA International recently acquired the rights to broadcast the ASEAN Basketball League (ABL) 2012 via GMA Network’s third international channel, GMA News TV International.