APRIL 2015 www.lopezlink.ph Happy birthday, OML! Submit a Palaro 2015 theme and get a chance to win a dinner treat worth P5,000! See page 5 for details. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph Truth, lies and subtleties ON exhibit at the Lopez Museum is a painting, measuring 18 inches wide and 24 inches high, put to canvas at the turn of the 20th century. Turn to page 6 inBy Norman Sison ‘Propaganda’ GRAPHIC BY ERIC AGONCILLO AMBATA Intl. award for KCh’s Summer BWP …page 2 Holy Week in the city lineup…page 4 …page 12 Lopezlink April 2015 Biz News Biz News Lopezlink April 2015 CLK named COO Dispatch from Japan ABS-CBN reports AMML chairs first ACT meeting for 2015 AMALIAPHOTO BY: SIBUG of ABS-CBN cess in overseeing strategy for- role in the successful turn- PB net income mulation of SKY Cable Cor- around of SKY Cable Inc. and ABS-CBN Corporation re- from our cost management ini- will deliver even stronger re- poration, ABS-CBNmobile, ABS-CBN Interactive. ported P2 billion in net income tiatives. Production costs fell sults this year. I am particularly and ABS-CBN TVplus, the He started his career in SKY for 2014, equal with the previ- by 4.3% compared to 2013. excited about the prospects for recently launched digital TV in 1994, and became managing ous year’s net income which “ABS-CBN has further so- our digital TV initiative—we business of ABS-CBN. director of ABS-CBN Interac- was boosted by election-re- lidified its leadership in terms already have over 200,000 Katigbak, a member of the tive for six years. He was later lated spending. The company’s of national total day audience ABS-CBN TVplus boxes in ABS-CBN board of advisors, is appointed as COO of SKY EDC president Richard Tantoco (10th from left), CFO Nestor Vasay (12th from left) and VP Erwin Avante (8th AMML (standing) and the ASEAN ambassadors confer prior to heading to the formal session from left) with (l-r) Rod Morrison (PFI), Luis Elizaga (Security Bank Corp.), Willem van Nouhuys (ING Bank), revenues remained strong at share, which jumped from 42% the market and should hit our currently the president of SKY from 2005 to 2011. Cable and managing director of Katigbak completed an Jae Lemin (Herbert Smith Freehills), Joseph Lledo (BDO Unibank Inc.), Jorgen Kragh (Eksport Kredit Fonden), P33.5B. in 2013 to 44% in 2014,” he initial target of one million AMBASSADOR Manuel shortly after his arrival in Ja- Izlan Idris and new Thai Am- Bayan Holdings Corporation. Advanced Management Pro- Marina Kurkina (DZ Bank), Hinrich Holm (Norddeutsche Landesbank), Steven Mulder (ANZ Banking Group), “We are pleased with our added. set-up boxes by year-end. M. Lopez (AMML) chaired pan. At least three meetings bassador Sihasak Phuangketk- He has 20 years of experi- gram at Harvard Business Joseph Tisuthiwongse (Clifford Chance) and awarding ceremony host Jimmy Carr overall performance for 2014,” ABS-CBN’s total assets “Our O Shopping channel ABS-CBN Corporation has the year’s first meeting of the will be convened under the eow, who were attending their ence in financial management School and graduated from the said Aldrin Cerrado, the com- rose to P67.2B from P58.3B in was profitable last year—its first named Carlo L. Katigbak as ASEAN Committee in Tokyo six-month chairmanship of first ACT meeting. and business operations, cor- Ateneo de Manila University pany’s chief financial officer the previous year, while its eq- full year of operations—while its new chief operating officer (ACT) at his official residence the Philippines. The ACT brings together (COO). porate planning and general with a Bachelor of Science in International award for (CFO). “I am happy that our uity base rose to P26.9B from our educational theme park in Chiyoda-ku, Tokyo. AMML engaged fellow the embassies of ASEAN management. Management Engineering de- TV and studio businesses con- P25.9B in 2013. at the Fort Bonifacio Global Katigbak previously served AMML assumed the ASEAN ambassadors in an member states in Japan. Apart Katigbak has played a key gree. tinue to turn in strong results. Ron Valdueza, ABS-CBN City, KidZania, is expected as the head of ABS-CBN Ac- rotating chairmanship of the exchange of views on regional from serving as a forum for EDC’s Burgos Wind Project In addition, we are already Group CFO, stated: “I am to open for business this year,” ACT on January 1, 2015, issues and in mapping out discussion and coordination, beginning to reap the rewards confident that our company added Valdueza. (Kane Choa) taking over from Indonesia. It ASEAN’s calendar of activities the ACT promotes ASEAN FIRST Gen Corporation sub- during the PFI awarding cere- PFI described the BWP as The Lorraine Tower launched is his second stint as ASEAN for 2015. He also led the group interests and identity in Ja- sidiary Energy Development monies held recently in London. a groundbreaking project for chair in Tokyo, having first in welcoming new Malaysian pan. (Excerpted from tokyo. Corporation (EDC) earned PFI, a member of the global being the first wind farm proj- assumed the post in 2011 Ambassador Dato’ Ahmad philembassy.net) from Project Finance Interna- mass media and information ect financing in the Philippines First Gen attributable net The Proscenium at tional (PFI) the Asia-Pacific giant Thomson-Reuters, holds to reach financial close—a feat Renewables Deal of the Year the annual global PFI Awards achieved by EDC despite the First Filipina NDA grad dons rank as 2Lt. in PAF for its 150-megawatt Burgos to celebrate excellence in the fi- absence of an off-take agree- income up 64% to $193.2M Rockwell gets even better In a ceremony held at the female graduates of the acad- Wind Project (BWP). nancial industry. In PFI’s latest ment. Philippine Embassy in To- emy. She was given an award FIRST Gen Corporation re- “First Gen’s thrust to grow gas-fired project this year to ad- Filipino and foreign bankers awarding ceremonies, the BWP Located in Burgos, Ilocos AFTER successfully launch- able fire detec- kyo, AMML administered as an outstanding cadet as ported a $75.1 million, or 64%, its clean and renewable platform dress the power supply shortage as well as lawyers joined EDC stood out as the only project Norte, the BWP is the Philip- ing The Proscenium’s first three tion system to the oath-taking and don- well as a badge for excellence increase in net income attribut- has gained significant momen- and are progressing well with the officials, led by EDC president from the Philippines to make it pines’ biggest wind farm. (Joel towers—The Kirov and The safeguard the ning of rank of 2Lt. Karen in physical training. able to the parent from $118.1M tum in 2014. The Bacman and construction of the 414-MW and COO Richard Tantoco, to the coveted honor roll. Gaborni) Sakura in 2012 and The Lin- property. Eve Mante, the first Filipino The commencement cer- in 2013 to $193.2M in 2014. The Nasulo geothermal projects of San Gabriel natural gas plant coln in 2013—the introduc- The Lor- female graduate of Japan’s emonies of her batch of 492 improved financial performance EDC were positive turnaround to be operational in the summer tion of The Lorraine in March raine will have National Defense Academy graduates were graced by Jap- was driven by higher earnings stories for 2014 and, together of 2016. Despite the reduced again fulfills the Rockwell easy access to (NDA). anese Prime Minister Shinzo ABS-CBN president to media contributions from the Santa with the new 150-MW Burgos earnings from the Pantabangan promise of delivering only the the amenity 2Lt. Mante, who will join Abe and other dignitaries AMML administers the oath- Rita and San Lorenzo natural wind project, will increase rev- hydro plant, we hope to get mov- most premium living spaces. deck that will the Philippine Air Force, was including AMML. (Excerpted taking and donning of rank of gas power plants (the First enues moving forward. ing on our run-of-river projects students: Good values matter Like its neighboring towers, extend to a one of the first two foreign from tokyo.philembassy.net) 2Lt. Karen Mante Gen Gas Plants) and Energy “We are eager to deliver the in 2015,” First Gen president The Lorraine offers a balance of hectare of land ABS-CBN president and CEO “Your talent may win you Development Corporation’s fast-track 97-MW Avion natural Francis Giles Puno said. exquisite design and essential with a luxury Charo Santos-Concio stressed your dream. But only your geothermal plants. This was function. s w i m m i n g the importance of having good good values that will make partially offset by lower earn- Rising to 45 floors, The pool, children’s values in her keynote address you feel proud of yourself,” she ings contribution from First EDC posts 40% increase at the Pinoy Media Congress said. Lorraine presents only a few pool, day care FPH’s ‘Powered by Good’ Gen Hydro Power Corporation in recurring net income two- to four-bedroom units to center, gym Year 9 held at St. Paul Univer- Santos-Concio is one of due to lower water levels. a floor. Those seeking homes and spa, jog- sity Manila. the speakers in the event or- First Gen’s consolidated After discussing how tech- ganized by ABS-CBN and ENERGY Development Cor- mainly due to the absence of for their families will find The ging path, an outdoor court, brands and fine-dining restau- TVC wins a ‘Kidlat’ electricity revenues decreased nology has changed the way the Philippine Association of poration (EDC) posted a P9.2 any shortfall adjustments.