FPIC on a Roll
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November 2009 Available online at www.Lopezlink.ph Meet the winners! ...Story on page 4 Help prevent massive flooding Run for the Pasig on Nov. 8! ABS-CBN Foundation Inc. (AFI) managing director urges all Lopez Group of- ficers and staff members to join the Philippine Inter- national Marathon 2009: A Run for the Pasig River on November 8, 2009. EDC bond issue Lopez, concurrent presi- dent of Kapit Bisig Para sa gets Aaa rating Ilog Pasig (KBPIP), chal- …page 2 lenges Lopez Group mem- ber companies to “walk it like they talk it” by forming teams to participate in the run, which will have 3-km, 5-km, 10-km distances aside from a full marathon. The international mara- thon aims to raise funds for KBPIP’s work that has become more urgent and Turn to page 2 FPIC on a roll ABS-CBN wins big EVEN if its name doesn’t immediately ring a bell, First Philippine Industrial Corporation (FPIC) has been a in CMMA…page 5 part of our life in more ways—and for far longer— than most of us realize. In fact, if the company didn’t put such a premium on reliability and high service standards, you’ll probably know it and feel it. A different Here’s why: FPIC supplies 60% of Metro Manila’s petroleum needs—and 40% of the country’s—through Christmas: its pipeline system that stretches from Batangas to Ma- erating officer Leonides U. Garde. “The fuel nila. In the past 40 years that’s about 150 billion liters was being moved either by barges or trucks.” Gifts that keep of petroleum products—including bunker fuel, gasoline, jet fuel, Imagine hundreds of trucks or barges clogging the roadways or the giving …page 9 kerosene and diesel—that have fueled our industries and made Pasig River daily life easier for countless Filipinos. Indeed, “transporting the na- At this point, Eñing’s son Oscar considered building a pipeline tion’s fuel” is not an empty boast for the company. as an alternative during discussions sometime in March 1967 with FPIC was founded as Meralco Securities Industrial Corporation Steve Psinakis, Ting Paterno, Ernest Rufino and some executives of (MSIC), a subsidiary of Meralco Securities Corporation (MSC, now Meralco and MSC. First Philippine Holdings Corporation), in 1967. Earlier, in 1962, Internationally accepted standards Eugenio “Eñing” Lopez Sr. and his partners had acquired Meralco “A project study was made and by March 31, 1967 MSIC was from the Americans, and then embarked on an aggressive expansion already incorporated. It was fast—less than 30 days in the making,” binge that saw new power plants being built every 18 months. Garde said. Within two years, MSIC’s underground Black and “But they had a problem transporting the bunker fuel for the White oil pipelines had started operations. power plants from Batangas,” recalled FPIC president and chief op- Turn to page 6 2 3 Lopezlink November 2009 Lopezlink November 2009 First Gen, Benpres cited as an ‘Investor Iloilo power Bayan provides voice in People,’ MMLDC recertified co-op ink MOA ILOILO consumers will soon enjoy competi- SMS service for BMPM BENPRES Holdings Corporation agement practices to global stan- Meanwhile, MMLDC Foun- tion supporting the company’s in October 2009 became the first dards. dation Inc. won recertification performance improvement plan. tive power rates while at the same time helping BAYAN supports every Fil- corporate brand and communi- news reports on TV and holding company in the country to Championed in the Philippines from IiP, as the training and de- MMLDC also presented employ- preserve Panay Island’s fragile ecosystem in the ipino’s right to be heard by cations. on radio. be certified against the Investors in by the People Management Asso- velopment institution renewed its ees opportunity for career growth midst of threats associated with climate change. providing communications The telco will provide hot- Bayan encourages People (IiP) Standard, following an ciation of the Philippines (PMAP) commitment to adhering to the through participation and perfor- This developed as Iloilo Electric Cooperative technology for the upcoming lines for BMPM, a responsible BMPM patrollers to call assessment by IiP Philippines. through IiP Philippines, there are standards and principles of good mance of business-related roles, 1 (ILECO 1) forged a memorandum of agree- national elections. citizenship campaign in line and report observations, Licensed from the IiP-UK, IiP now 16 companies certified under business practice through the among other indicators cited in ment (MOA) to start negotiations for a power “Inherent to the company’s with the May 2010 elections. reactions or commentaries is a framework for delivering busi- the standard and officially called continued implementation of the line with the recognition. supply agreement with First Gen Energy So- philosophy and values, Bayan The hotline number (02) 411- regarding the elections. All ness improvement through people. “Investors in People.” Aside from global standards of resource man- The certification was granted to lutions Inc. (FGES), a subsidiary of First Gen seeks to empower ABS-CBN’s 2676 or (02) 411-BMPM has they have to do is register as The IiP initiative is among the Benpres, also in the prestigious ros- agement. MMLDC after a thorough two- Corporation and a licensed electricity aggrega- Boto Mo, I-Patrol Mo (BMPM) been integrated with a voice a BMPM patroller so they tools adopted by Benpres to con- ter are St. Luke’s Medical Center, Assessment results showed day assessment by PMAP, current- tor as well as retail energy supplier. campaign by providing com- SMS capability so that reports can begin doing their elec- cretize the company’s commitment British Council Philippines, and MMLDC’s strength in imple- ly the sole certifying body of IiP in The MOA gives ILECO 1 a head start in munication channels in a may be recorded and properly tion reports through Bayan. ity that everyone should always to continuous improvement and is five other Lopez Group companies menting employee development the Philippines. (Carla Paras-Si- negotiating a new agreement with FGES for time when everyone’s opinion documented. These voice calls “Pushing for cleaner elections be ready to fulfill,” Rojo noted. expected to elevate its people man- certified since 2006. and effective employee evalua- son) the supply of geothermal electricity. counts,” said John Rojo, VP for may be featured in ABS-CBN’s is, after all, a social responsibil- (Freya Santos) As part of the MOA, ILECO 1 and FGES will collaborate and develop initiatives that will benefit ILECO 1 customers by improving the EDC confident of bond issuance’s success cooperative’s service levels. The initiatives are in Bayan boosts debt payments to P4.2B ENERGY Development Corpora- a successful issuance,” EDC president quirements, reduced exposure to subscribed and was upsized from line with FGES’s approach to deliver customer BAYAN’S robust financial has paid a total of P4.2 billion, of P1.862B and P476M in increased to P182M in the first tion (EDC) is confident investors and COO Richard Tantoco said. foreign currency risk, improving the original issue size of P3B. value “beyond the meter.” First Gen solar lighting system performance in the first three or P1.054B in principal and principal payment. half of 2009 as against a loss of will respond positively to its upcom- The company applied for reg- profitability, leadership in the geo- “We are confident our net income Richard Tantoco, First Gen and FGES ex- Volunteers hoist a solar quarters of 2009 has allowed P3.148B in interest, since the Using internally generated P133M during the same period ing bond issuance after securing an istration with the Securities and thermal industry and experienced will stay robust given our acquisition ecutive vice president and chief operating of- panel to the roof of a learning center in the marine reserve and wildlife the company to pay maturing start of its rehabilitation plan funds, the company settles a last year. sanctuary of Danjugan Island (inset) near Negros Occidental. Danju- Aaa rating from PhilRatings. Exchange Commission (SEC) for management team as the plus fac- of the Tongonan and Palinpinon geo- ficer, commended ILECO 1’s concern for its obligations. in July 2004. portion of its obligations every The company attributed the gan is being promoted as a tourism destination by nonprofit organiza- “Getting the highest possible cor- bonds of up to P10 billion. How- tors for its getting the highest pos- thermal plants, long-term contracts customers and for Panay’s ecosystem. It recently settled P166.8 mil- Bayan’s total paid obliga- semester and pays interest ev- growth to a sustained total rev- tion Philippine Reef and Rainforest Conservation Foundation Inc. porate credit rating affirms EDC’s ever, its Aaa rating qualifies it for sible corporate credit rating. with National Power Corporation, our “We look forward to a long and beneficial lion in interest payments, bring- tions in 2008 reached P3.2B ery quarter. It expects to pay off enue hike of 8% in the first six good credit standing and excellent fis- bonds of up to P12B. EDC earlier issued P9B fixed local and overseas expansion, and the partnership with ILECO 1,” he added. (PRRCFI). PRRCFI, however, does not want to bring to Danjugan a diesel-fired electric generator because it could upset the island’s pris- ing its total interest repayment to since the implementation of its debt, about 92% of which is months of 2009 at P3.33B, and cal management. The rating definitely PhilRatings cited EDC’s strong rate corporate notes which elicited Renewable Energy Act benefits which FGES has developed products and services, tine ecosystem.