APRIL 2014 www.lopezlink.ph See story on page 10. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph SKY guarantees ‘wow at saya’ SKY Cable Corporation, founded by Eugenio Lopez Jr. in 1990 during the heady post-Edsa days after ABS-CBN had been snugly resettled into the No. 1 position, is one of the success stories of the Lopez Group. Turn to page 6 KidZaniaShare your Summertime ManilaLAA-worthy to open …page 3 playtime! instories! 2014 …page …page 2 5 …page 12 Lopezlink April 2014 Biz News Biz News Lopezlink April 2014 First Gen Rockwell Dispatch from Japan First Gen attributable among Ambassador’s official residence Rockwell Primaries’ 53 Benitez, net income at $118.1M Asia’s best registers 25% now a PH historical landmark Proscenium’s Kirov unveiled ROCKWELL Primaries’ service and reliable security FIRST Gen Corporation re- Market and ancillary services about its prospects for 2014. in investor net income growth first development, 53 Benitez, make 53 Benitez an idyllic re- ported net income attributable of First Gen Hydro Power We are currently in the middle STRONG sales from new and Proscenium towers. Revenue offers homes that let modern treat. to equity holders of the parent Corporation, and by a fire at of construction for several relations, Filipino families enjoy the airy Artful living at the Kirov of $118.1 million for the year the main transformer of San projects, which include the 87- existing projects, substantial from the company’s commer- construction completion of cial business, consisting of and free feeling of space. Meanwhile, the possibili- ended December 31, 2013. Lorenzo’s Unit 60, which has MW wind farm in Burgos, the CSR Located in New Manila, 53 ties of artful living come to life This was a 37.8%, or $71.7M, a nameplate capacity of 250 40-MW Nasulo geothermal existing projects and a solid retail leasing, office leasing FIRST Gen Corporation recurring income from Power and cinema operations, was Benitez is a two-building, mid- at the interiors of the Kirov, decrease from the $189.8M megawatts (MW). project and the 414-MW San received two awards from rise, low- density development. one of the Proscenium’s resi- registered in 2012. On a recurring basis, net Gabriel natural gas project. Plant Mall and Rockwell at P1.0B, a 5% increase from FinanceAsia’s 14th annual Best Business Center (RBC) have 2012. The close-knit community of- dential towers. The reduction was mainly income attributable to the We also hope to include the Managed Companies survey. fers quality living spaces which The Proscenium, a master- due to the lower earnings parent was $154.6M, lower by 100-MW Avion natural gas contributed to Rockwell Land The company’s total EBIT- First Gen placed among the echo the exclusive Rockwell piece by “starchitect” Carlos booked by Energy Develop- 11.1% than the same period project to that list soon. More- Corporation’s net income after DA (earnings before interest, top companies in the investor tax of P1.4 billion in 2013, a taxes, depreciation and amor- PHOTO BY: MARK AKIM touch at friendlier prices. Ott which will soon rise within ment Corporation (EDC) as a last year due to the lower re- over, San Lorenzo’s Unit 60 is relations category, alongside Ambassador Manuel M. Lopez and NHCP chair Dr. Serena 53 Benitez’s two- and the Rockwell Center, will har- result of its unrealized foreign curring income contribution of back in commercial operation. 25% increase from last year’s tization) for 2013 was P2.6B, PLDT, Ayala Corporation, P1.1B. 68% of which came from resi- Diokno (2nd and 3rd from left) unveil the historical marker at the three-bedroom units, ranging monize exclusive residences, exchange losses and the loss FG Hydro and San Lorenzo. EDC has restored Unified property’s entrance, assisted by (l-r) Philippine-Japan Society Metro Pacific Investments, Strong demand for the dential development and 32% from 69 to 101 square meters, unique retail concepts and an on damaged assets result- This was partially offset by the Leyte to its pre-Haiyan oper- president Francis Laurel, former Ambassador Jose Macario Laurel Aboitiz Equity Ventures, first three Proscenium tow- from commercial leasing. include the actual living area, art hub. ing from typhoon Yolanda lower interest expense of the ating capacity, while BacMan IV and Dr. Ambeth Ocampo Aboitiz Power, Universal Ro- ers and sales of The Grove by The 23% growth in EBIT- balcony and drying cage. The Kirov exudes re- (international name Haiyan). group mainly due to prepay- Unit 1 (along with Unit 3) is bina, Ayala Land, SM Prime, Each floor of 53 Benitez finement and elegance that 53 Benitez by Rockwell Primaries in New Manila Rockwell in Pasig drove 2013’s DA was driven primarily by THE official residence of dispose of and privatize the Earnings were further reduced ment of loans. already operating,” First Gen GT Capital and Security Bank. features the project’s hallmark embodies the lifestyle of the by reduced sales from the president Francis Giles Puno reservation sales of P12.6B. the increased contribution the Philippine ambassador property. “Despite the difficulties in The company also placed floating corridors around a Proscenium resident. Clas- quisite details, while premium p.m., at the Grove Information The company’s 37% growth in of Residential Development became the latest addition “Kudan is the crown jewel Wholesale Electricity Spot 2013, First Gen is optimistic said. seventh in the corporate social central atrium for natural ven- sic pieces and luxe materials finishes provide a lavish feel Center along C5, near Ortigas. reservation sales was also fu- due to higher sales and con- to the national registry of of the Philippine foreign ser- responsibility category, up from tilation and lighting as well as abound in this generous space, that reflects sophisticated liv- Special discounts and exciting eled by the nearly 100% sales struction accomplishment of Philippine historic sites and vice, and we should preserve 10th place in the 2013 survey. increased privacy, traversed by highlighted by full-height bal- ing at the Proscenium. travel getaways will be available take-up of the 205 Santolan, 205 Santolan and The Grove. structures with the unveiling this important part of our The annual poll is conducted bridgeways that are shared by cony windows. The Kirov’s interiors pro- to those who will purchase a 53 the Edades Tower and Garden EBITDA from the company’s of a marker at the property in diplomatic legacy and heri- EDC posts attributable among investors and analysts by only two units. Three spacious bedrooms, vide a glimpse of the excep- Benitez unit from March 15- Villas, and the Alvendia proj- recurring income business Tokyo. tage,” AMML noted. Hong Kong-based FinanceAsia The community is sur- each adorned with unique ac- tional lifestyle that will soon April 30, 2014. ects. grew to P831 million coming Ambassador Manuel Kudan, as the residence is to determine the best-perform- rounded by lush landscaping cents and distinct colors, reflect take place at this new icon on To learn more about the Pro- recurring net income of P6.6B The company’s total rev- from increases in rental rates, M. Lopez (AMML) and also referred to on account of ing companies in the region. and pocket gardens. A two- different personalities for each the city skyline. scenium, visit the Kirov model enues grew by 14% to P7.8B improved retail mix in Power National Historical Com- its location near the Kudan- ENERGY Development Cor- in 2013, 46% lower as com- The company’s financial The survey was carried out from story clubhouse with swim- occupant of the Kirov. Delicate 53 Benitez by Rockwell Pri- unit beside the Rockwell Tent, with residential development Plant Mall and an increase in mission of the Philippines zaka hilltop, is the first and poration (EDC) announced pared with P8.7B recorded in position remained healthy February-March 2014. ming pools, a convenience and ornate patterns on linen, maries will have an open house Rockwell Center or call 793- contributing P6.8B, repre- RBC’s occupancy of 99% from (NHCP) chair Dr. Maria so far only officially-desig- FY 2013 consolidated recur- 2012. Principally contribut- with strong cash levels. It store, water station, laundry furniture and walls provide ex- on April 5, from 10 a.m. to 6 0088. senting 87% of total revenues. last year’s 97%. Serena Diokno presided over nated Philippine national ring net income attributable ing to the drop was a net loss maintained a comfortable Residential development’s 16% The company spent P7.9B the ceremony, which was historical landmark outside to equity holders of the parent of P2.0B for nonrecurring gearing level with consolidated ABS-CBN year- on-year growth can be for capital expenditures in witnessed by officials of the of the country. of P6.6 billion, a 20% decrease items in 2013, in contrast to net debt to equity of 1.17 to 1 attributed mainly to increased 2013. This includes capex for Philippine Embassy and the The residence was built in from the P8.2B posted in the a P0.5B nonrecurring gain and consolidated net debt to declares completion of The Grove and its new office projects, RBC Japanese Foreign Ministry 1934 by the family of busi- previous year mainly on ac- for 2012. The nonrecurring EBITDA, or earnings before 205 Santolan and from the Tower 3 and Lopez Tower. and other guests. nessman Zenjiro Yasuda, the count of lower energy sales by loss was primarily driven by interest, taxes, depreciation cash higher booking of sales for The (Nicole Reyes) “This is a historic and mo- great-grandfather of artist EDC’s FG Hydro asset.