June 2010 Get cash for your trash @ the 2010 World Environment Day Recyclable Collection Event! See story on page 8. Available online at www.Lopezlink.ph A new reality for ABS- CBN’s ‘army for change’ A sterling start… page 2 FOR the May 10, 2010 general elections, some 17,000 positions Global first were at stake, including the presidency, the vice presidency, and In 2007, ABS-CBN Broadcasting Corporation had gathered 12 senatorial seats. It was the country’s first presidential elections technology and media partners for the original Boto Mo, I-Pa- since 2004 when outgoing President Gloria Macapagal-Arroyo trol Mo (BMPM) voter empowerment campaign. With the first prevailed over the late Fernando Poe Jr. with a slim margin of a BMPM, ABS-CBN’s use of new media and cell phone technology little over one million votes. for a political purpose—to patrol the votes—also became a global After the Commission on Elections (Comelec) disqualified first for a mass media organization. The Gold Quill Award from Vetellano Acosta, the nine candidates left were Senator Noynoy the International Association of Business Communicators that the Aquino III, JC delos Reyes, former President Joseph Estrada, Sen. groundbreaking program won a few months later was another first Richard Gordon, Sen. Jamby Madrigal, Nicanor Perlas, Gilberto for a Filipino media company. Teodoro, Eddie Villanueva and Sen. Manny Villar. Aquino and ABS-CBN news and current affairs department (NCAD) head Estrada were the last hopefuls to throw their hats into the ring on Maria Ressa had described it as a venue for “ordinary citizens to September 9 and September 26, 2009 respectively. take the power of the media literally into their own hands.” Sen. Aquino is set to take his oath as the country’s 15th presi- dent this June. Turn to page 6 Milestone for EDC school … page 8 PHOTO BY RAMOS RYAN Treats for Dad @ Power Plant Mall …page 12 ABS-CBN unveils its state-of-the-art election war room. 2 3 Lopezlink June 2010 Lopezlink June 2010 Corporate governance leaders cited PHOTO BY RAMOS RYAN THE Lopez Group com- tors (ICD) received their cita- winning companies in accept- having scored 95 and above on A sterling start Meralco moves panies which were cited for tions in awarding ceremonies ing the awards. a 100-point scale. Benpres and being among the top scorers held in Makati on May 27, First Philippine Holdings ABS-CBN, which were silver January 2010 to March 2010 financial results (unaudited) MANUEL V. Pangilinan of Elenita Go, Estelito Mendoza, Net income attributable to equity in the 2009 corporate gover- 2010. Corporation, First Gen Corpo- winners, scored 90 to 94. TOTAL REVENUES the PLDT Group received Napoleon Nazareno and in- holders of the parent company the full support of First Phil- dependent directors Artemio nance (CG) scorecard of the Chairman Oscar M. Lopez ration and Energy Development Their performance puts them Institute of Corporate Direc- (OML) led executives from the Corporation were gold winners, among the 30 companies that 2009 2010 % change 2009 2010 % change ippine Holdings Corporation Panganiban and Pedro Roxas. (FPHC) as he was elected Appointed as key officers were scored very high and at par with international standards. In ABS-CBN P5.288B P7.752B +47 P191M P1.086B +468 president and chief executive De Jesus as chief operating particular, 19 companies scored Benpres P5.289B P7.752B +47 (P176M) P11.023B +6,363 officer of Meralco at the elec- officer, Betty Siy-Yap as chief in the 90% to 94% range while Chairman Eugenio Lopez III answers a question during the ABS- EDC P5.545B P7.160B +29 P2.173B* P3.297B +52 tric utility’s annual meeting on finance officer, Rafael Andrada and 11 companies scored 95% CBN stockholders’ meet. At left is company president Charo Santos- $287M $351M +22 $14M $36M +166 May 25. as treasurer, Simeon Ken Fer- First Gen and above. Concio. FPHC P15.538B P18.771B +21 P178M P24.591B** 13,715 An investment and coopera- rer as corporate secretary, and PHOTO BY RAMOS RYAN tion agreement, subject to fidu- Oscar Reyes as chief energy The scorecard ranks publicly Meralco P45.555B P61.103B +34 P884M P2.010B +127 ciary duties of directors, binds adviser. listed companies based on their ABS-CBN changes *Including P1.278B foreign exchange gain the PLDT Group and FPHC “After serving [Meralco] performance according to a set **Including P23.6B combined gain on the sale of Meralco shares (6.6%) to Beacon Electric Asset Holdings Inc. and to vote as one block in the elec- first as the president and then Meralco chairman Manuel M. criteria deemed consistent with the mark-to-market restatement of its Meralco shares corporate name tion of directors and officers of as chief executive officer for 24 Lopez. global best governance practices. Meralco. years, it is time for me to move It grades firms based on dis- THE country’s largest media conglomerate is now known as PUBLICLY listed compa- of our subsidiary corpora- San Lorenzo, were required to Lopez Group vice chairman on. It is time for me now to do well as the demands of run- closure and transparency, 25%; ABS-CBN Corporation after dropping the “Broadcasting” in nies associated with the Lopez tions. Knowing the pulse of use liquid fuel given the sched- Manuel M. Lopez (MML) was my share and serve the Lopez ning this company prevented board responsibilities, 25%; rights its corporate name. Group started the year well our customers worked to our uled maintenance outage of elected as Meralco chairman in family business. I had been me from doing so. But now, I of shareholders, 20%; equitable The name change which was announced during the company’s with revenues and incomes on advantage. We are sensitive to the Malampaya platform dur- a non-executive capacity. asked several times in the past, cannot anymore renege on my Chairman Oscar M. Lopez with First Philippine Holdings Corp., Energy Development Corp., First Gen treatment of shareholders, 20%; annual stockholders’ meeting, is a response to the changes in the the rise in the first quarter of their preference for clean, reli- ing the period. Fuel charges Also elected to the board to spend more time at Benpres duty to my family,” MML said Corp., ABS-CBN Broadcasting Corp. and Benpres Holdings Corp. executives at the ICD awarding ceremony. and role of stakeholders, 10%. media landscape brought about by technology, said ABS-CBN 2010. able, sustainable and affordable are passed on to the customer were Ramon Ang, Elpi Cuna, and Lopez Inc., but my devo- in his remarks at the meeting. chairman and chief executive officer Eugenio “EL3” Lopez III. Power plant earnings boost energy sources. The pricing of and any increase in revenues Jose de Jesus, Ray Espinosa, tion and loyalty to Meralco as (CPS) “The media business has gone beyond merely broadcasting EDC net income the indigenous renewable en- from it is correspondingly off- Another Rockwell first to encompass other platforms,” EL3 said. set by an increase in costs and ABS-CBN has interests in radio, free-to-air and cable tele- expenses. FPHC maintains recurring CBN Broadcasting Corpora- holders of the parent for the vision, movie production, publishing, and online news and con- “First Gen’s plan has always income growth tion generated consolidated first quarter of 2010, a re- The indoor gardens of Edades tent distribution service. been to achieve growth in its For the period January to revenues of P7.75B from ad- versal of the P176M net loss The company is coming off a stellar first quarter that saw its ROCKWELL Land draws devoted to gardens. The Gar- Each of the tower’s Garden nature close to their beds, portfolio and combine this March 2010, First Philippine vertising and consumer sales, attributable to equity hold- net income grow six-fold to P1.09 billion. However, it expects to on the traditions of art in the den Villas form a landscaped Z-Lofts spills out to warm though sky-high. with the exceptional perfor- Holdings Corporation (FPHC) P2.46B or 47% higher year- ers of the parent in the first top this performance in the second quarter of the year, while “net yard and the growing spirit of cluster of townhome-like, bi- sunshine by having a sizeable For more info, call 793-0088. mance of its existing plants. posted a net income of P24.6B. on-year (YoY). Core net in- three months of 2009. Eq- income for the entire year will double from last year.” environmentalism through its level units that extend from garden deck; the garden itself (Vienn Tionglico) We are hopeful and positive This was driven by the P23.6B come jumped nearly six-fold uity in net earnings of associ- Meanwhile, EL3 also took questions about the controversial newest residential project, the the main tower. Each unit in makes for a tranquil re- that the first quarter results combined gain on the sale of to P1.08B in the first quarter ates soared 92x to P10.563B TV host Willie Revillame at the stockholders’ meet. Revillame Edades Tower and Garden the cluster also comes with treat. will set the tone for the rest of Meralco shares (6.6%) to Bea- of 2009 as recurring advertis- from P115M YoY as associate is now on leave from the noontime show “Wowowee” after an the year,” First Gen chief fi- con Electric Asset Holdings ing revenues rose 45%, comple- FPHC completed the sale of Villas. To those who choose more opportunities for green- The gardens of Rock- emotional outburst on air on May 4 and failure to report to nance officer Giles Puno said.