Lopez Group to Yolanda Survivors
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DEC. 2013-JAN. 2014 www.lopezlink.ph Christmas at Power Plant: All things nice and wonderful. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph See story on pp. 8-9. Lopez Group to Yolanda survivors: By Dulce Festin- ‘Hindi namin kayo pababayaan’ Baybay “HINDI namin kayo pababayaan”—this was the promise of Energy Development Corporation (EDC) president Ricky Tantoco to employees and kapamilya after super typhoon Yolanda ravaged Leyte on November 8. The company was immediately placed in a state of emergency, being the hardest hit among the Lopez Group companies (see sidebar). Turn to page 12 ‘KathNiel’ headlines …pageGift 10 it up! …pageMMFF 6 movie Christmas messages …page 5 2 Lopezlink Dec. 2013-Jan. 2014 Biz News Biz News Lopezlink Dec. 2013-Jan. 2014 3 JANUARY 2013-SEPTEMBER 2013 FINANCIAL RESULTS Unaudited net income/(Loss) attribut- Dispatch from Japan Unaudited total revenues able to equity holders of the parent Rockwell posts P923.4M Rockwell P5B retail bonds 2012 2013 % change 2012 2013 % change AMML thanks Japan for aid provided to typhoon victims oversubscribed at listing ABS-CBN P21.791B P25.227B +16 P1.555B P1.891B +22 net income, up 31% Lopez Holdings P75.669B P67.853B -10 P6.185B* P2.366B -62 officials on November 20 de- president and CEO Kunihara ROCKWELL Land Corpora- and 205 Santolan by Rockwell called Aruga by Rockwell. livered a message of sympathy Nakamura. EDC P21.443B P19.783B -8 P7.106B P5.350B -25 tion has reported a net income in Quezon City. Aruga’s first project will be from Tokyo Governor Naoki Japan Airlines president First Gen $1.573B $1.419B -10 $150.1M $118.2M -21 after tax of P923.4 million for The company also contin- a line of serviced apartments Inose. The message was ac- Ueki Yoshiharu, together FPH P75.763B P67.861B -10 P11.433B* P3.474B -70 the first nine months of 2013, ues to generate strong demand in Edades Tower and Garden companied by $50,000 in with top JAL executives, do- ROCK P75.763B P67.861B +35 P705.6M P923.4M +31 an increase of 31% from the for its products with total res- Villas in Rockwell Center. humanitarian aid for victims. nated ¥10M. previous year. Bulk of the rev- ervation sales reaching a total The serviced apartments will Sumitomo Corporation Earlier, the Philippine em- *Including P6.084B gain on sale of investment in equity securities and P1.834B gain related to business enues comes from residential of P10.9 billion by September, compose seven of the develop- Ambassador Manuel M. Lopez was one of the numerous bassy had also received ¥11M combination (remeasurement of Rockwell shares) development projects, namely up by 88% compared to last ment’s 51 floors and will cater receives the donation of Sumitomo Japanese companies that ex- (P5.5M) in voluntary cash Edades Tower and Garden year. to the needs of the growing Corporation from senior managing tended aid, pledging a dona- donations from Tokyo-based Villas in Rockwell Center, The By 2014, the company will transient market in Makati. executive officer Yasuyuki Abe tion of ¥15 million (P6.35M) business groups Keidanren ABS-CBN income up 22% Grove by Rockwell in Ortigas launch its hotel and leisure arm (Nicole Reyes) for the typhoon victims. and AEON Co. Ltd. Rockwell president and CEO Nestor J. Padilla and SVP and treasurer Miguel L. Lopez (3rd and 4th from left) with PHILIPPINE Ambassador Yasuyuki Abe, Sumitomo The ambassador expressed (l-r) SB Capital president Emilio Federico Galang, First Metro Investment Corp. president Roberto Juanchito Dispo, THE consolidated net income from advertising and consumer attributable to the acquisition to Tokyo Manuel M. Lopez Corporation’s senior manag- gratitude for the solidar- Philippine Dealing & Exchange Corp. chairman and CEO Cesar Crisol and PDS Group executive director Antonino of ABS-CBN Corporation sales, a 16% increase compared of Destiny Cable. (AMML) thanked the Tokyo ing executive officer, CSO ity shown by the Japanese Nakpil registered P1.891 billion for to last year. Total costs and expenses FPH consolidated recurring Metropolitan Government and GM of the Corporate and people. He further acknowl- the first nine months of 2013, Advertising revenues increased by 15% to P22.749B and various Japanese orga- Planning Group, and Kiyoaki edged the prompt response ROCKWELL Land Corpora- “The positive reception we very happy with the sales from an increase of 22% compared reached P14.773B, an in- brought about by increases in nizations that readily sent Tachizawa, assistant general of the Japanese to the Philip- tion listed its first P5-billion have received from the invest- The Proscenium as it remains with P1.555B in the same pe- crease of 20% from a year ago. production costs, cost of sales net income at P3.5B aid to the Philippines in the manager, Asia and Oceania pines’ request for assistance retail bonds on the Philippine ing public and institutions has on track, with the first three riod last year. The growth in Consumer sales amounted to and services, and general and aftermath of super typhoon Team for the Global Strat- through the deployment of Dealing & Exchange Corpora- been encouraging, and has of the development’s five tow- FIRST Philippine Holdings of P4.9B ($118.2 million) for clude retail and cinema op- income was fueled by strong P10.454B, posting an 11% administrative expenses. Yolanda. egy and Coordination depart- the 25-member Japan Di- tion on November 15. The book supported our current plans ers almost 50% sold out,” he Corporation’s (FPH) con- the period ended September erations, grew as a result of regular advertising revenues increase. SkyCable continues Capital expenditure and Tokyo Metropolitan Gov- ment, personally handed over saster Relief medical team in building during the public offer for expansion,” said Nestor J. added. solidated recurring net income 30, 2013, lower than last year’s rental escalation and higher as well as election-related to be a major driver of growth film and program rights acqui- ernment led by Vice Governor a certificate of donation signed Leyte and Samar on Novem- which ran from November 6 to Padilla, Rockwell president The bonds are due in Feb- attributable to parent for the P6.4B ($150.1M). occupancy rate. ads. with revenues increasing by sition amounted to P2.810B, Toshiyuki Akiyama and other by Sumitomo Corporation ber 12. November 11 resulted in its being and CEO. ruary 2021 at an interest rate of nine-month period ended Sep- Rockwell Land registered First Philippine Industrial ABS-CBN generated con- 21% to P4.980B. The growth 20% lower than last year. (Me- oversubscribed and at an interest “Given this, Rockwell is 5.0932% per annum. tember 30, 2013 is almost flat a net profit of P923M, up by Park reported a net income of solidated revenues of P25.227B in SkyCable revenues is partly lissa Ortiz) rate of 5.09% for the bond. committed to ensuring that we Rockwell has appointed at P3.5 billion year on year. 31% from last year’s P706M, P191M, lower than the prior Japanese investments target Filipino consumers AMML said the relationship supremacy of 7-Eleven, also a AMML expects outbound The funds raised from the achieve our targets each year, First Metro Investment Cor- However, including the primarily driven by the year’s net income of P939M between the Philippines and Japanese brand. Recently set- tourism to pick up following the bonds will be used primarily for and retain a strong financial poration as issue manager, lead nonrecurring gains, the net growth in the contribution of primarily due to lower indus- Japan will continue to grow ting up shop are apparel brand relaxation of visa regulations in The Proscenium, the company’s position through prudent underwriter and bookrunner, income attributable to parent its residential developments trial land sales, while First EDC registers P5.8B income as rising incomes allow Fili- Uniqlo and home articles and Japan for members of the As- latest mixed-use project which management and a continued and SB Capital and Invest- was lower by 70% or P8.0B Edades Tower and Garden Balfour posted a net income of pino consumers to power the food store Muji. sociation of Southeast Asian will rise in Rockwell Center in dedication to delivering qual- ment Corporation as co-lead ENERGY Development in the same period last year. As of the first nine months from last year’s P11.4B pri- Villas, The Grove and 205 P223M, significantly higher economy and tourism. Japanese restaurants have Nations. “Tokyo is a four-hour Makati. ity to our clientele. We are underwriter. (Nicole Reyes) Corporation’s consolidated The nonrecurring decrease of 2013, EDC’s cash bal- marily due to the P6.1B gain Santolan. than last year’s income of He observed that Japanese also become popular through flight from Manila. Japanese go recurring net income attrib- was primarily driven by losses ance stands at P18.2B with a on the sale of Meralco shares Rockwell also continues P148M. convenience stores such as franchises held by Philippine to the Philippines for business utable to equity holder’s of arising from the volatility financial net gearing ratio of and the P1.8B gain related to to generate strong demand Meanwhile, First Philec Ministop and FamilyMart partners such as Pepper Lunch as well as for leisure. Our fellow the parent for the first nine in the peso-dollar exchange 1.03 versus 1.12 in the same the investment in Rockwell with reservation sales reach- incurred a total net loss of have opened in the Philippines, and Yoshinoya, and a host of Filipinos now have the same ABS-CBN to raise up to months of 2013 amounted to rate.