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A Tale of Two Buildings: the Historic Properties of FPRC

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A Tale of Two Buildings: the Historic Properties of FPRC APRIL 2011 www.lopezlink.ph www.facebook.com/pages/lopezlink www.twitter.com/lopezlinkph A tale of two buildings: The historic properties of FPRC ALTHOUGH First Philippine Realty Corporation (FPRC) isn’t one to blow its own buildings hold much of the Lopez family’s history and legacies and are silent testimonies of horn, it manages two of the most historic and beloved structures that belong to the Lopez the family’s resilience in the face of seemingly insurmountable odds. Group—Benpres Building in Ortigas and Eugenio Lopez Center in Antipolo City. These Turn to page 6 Amb. Manuel M. ABS-CBN summer Are we ready for Lopez takes charge of station ID: ‘Bida ‘The Big One?’ Pinoys in Japan…page 3 Best’!…page 4 …page 10 Lopezlink April 2011 BIZ NEWS NEWS Lopezlink April 2011 Lopez Holdings First Balfour MML takes charge of Pinoys in Japan AMBASSADOR Manuel M. pino casualties,” Amb. Lopez bags int’l. award Lopez has been busy marshal- said. He added that Filipinos in ling the resources of the Philip- Tokyo, Osaka and the western ventures pine Embassy in Japan to secure regions of Japan are relatively for corporate and extend help to the Filipinos safe. The embassy is focusing on affected by the twin disasters the Filipinos in the northeast. into housing that struck the country. Teams from the embassy are governance A 9.0 magnitude earthquake now ferrying Filipinos out of rattled Sendai on the afternoon Fukushima prefecture, site of Seated, l-r: Giovanni Vachelli, Art de Guia, Wong Jeong Lee, Dan Lachica, Jay Lopez and Bon Asis; Standing, l-r: Erwin Jallorina, Esmer Amis- LOPEZ Holdings Corporation their performances in 2010 in of March 11, triggering a tsu- the stricken Fukushima Dai- tad, Milet Sabella, Raul Sinocruz, Bibo Waga, Sung Joon Kim, Gene Kim, Seon Jong Lee, Ju Young Lee, Yongsu Park, Butch Tansengco and Miguel won a Titanium Award for Cor- the fields of finance, corporate development nami on the coast of Miyagi on ini nuclear power plant. More Trinidad porate Governance during The governance, social responsibil- Honshu Island. Of the estimat- than a hundred nationals have Asset Corporate Awards 2010 ity, environmental responsibility AS part of its effort to ex- First Balfour has also entered pand its business and leverage into a joint venture with the ed 225,000 Filipinos who live in been safely billeted at a Cath- held in Hong Kong’s Four Sea- and investor relations. Japan, a little over a thousand are olic Church in Kichijogi, the sons Hotel on March 1, 2011. In 2009, Lopez Holdings, its engineering and construc- Asiatic Group of Companies tion capabilities, First Balfour (AGC). The two companies based in Miyagi province, which Lighthouse Ministry in Yo- First Philec sub puts up Lopez Holdings was the sole as Benpres Holdings, received was hit by the powerful tsunami. kohama City, the Franciscan has diversified into residential recently held the groundbreak- Amb. Lopez talks with Filipino nationals staying at the Wesley Center Titanium Award winner from honorable mention ranking in On Sunday, March 13, a team Church in Roppongi in Tokyo property development. ing ceremony for a subdivision at Minami Aoyama. To date, the Philippine Embassy has relocated the Philippines, and one of the the awards’ “One of the Best in from the embassy travelled to the and at the Wesley Center at two Titanium Award for Cor- Corporate Governance, Philip- The company is presently called The Cambria in Bay, La- some 139 Filipinos from Fukushima prefecture. tearing down a six-story build- guna. The Cambria is an 876- northeast region, which includes Minami Aoyama. new wafer-slicing plant porate Governance winners, the pines” category. Sendai City, to ascertain the con- According to Amb. Lopez, The Philippine Embassy re- “We are staying,” Amb. Lo- ing to give way to the construc- unit townhouse-type develop- other being Thailand’s Bangchak The Asset Corporate Awards dition of the Filipinos there. more buses will be sent to Fu- mains open in Tokyo even as pez said. “The Philippine Em- THE First Philec Group, The resulting JV company, The plant will have a capac- Corp. which resulted in First Petroleum. Assistant corporate are given out by Hong Kong- tion of its P4-billion, three- ment in a 7.6-hectare former through its subsidiary First known as First Philec Nexo- ity of 400 megawatts and will Philec Solar Corporation, the building development, Prima steel fabrication facility owned “We are sending a team there kushima if necessary. “We are 25 foreign missions have shut bassy is open and will remain secretary Amie Amado and based The Asset Publishing and to contact local authorities and fully committed to remain here down or moved out of the capi- open to serve the needs of our PV Ventures Corporation, lon Corporation (FPNC), employ about 500 workers. country’s first large scale sili- SAVP Rosan Cruz received the Research Ltd., an integrated Residences, located across Sto. by First Balfour. has entered into a joint ven- will operate the new facility, FPNC is the latest addition con wafer-slicing company. Domingo Church on Que- The event was graced by First our own community leaders to serve the needs of Filipinos in tal in the wake of radiation con- people here in Japan, especially award. multimedia company that and to inquire if there are Fili- Japan,” he stressed. cerns. those affected by the disaster.” ture with Korean solar com- which will locate in a 3.5- to First Philec’s investments in The production facility, which The Asset gave Platinum, “serves the elite community of zon Avenue. The first of the Balfour president and COO pany Nexolon Co. Ltd. to hectare space at First Philip- the photovoltaic or solar indus- aims to support about 720 Gold and Titanium awards to leading corporate and financial three buildings, to be called Anthony Fernandez, AVP for build a wafer-slicing facility pine Industrial Park (FPIP) in try. In 2008, it inked a similar megawatts of solar energy, is leading Asian companies for decision makers in Asia.” Brisé, aims to cater to start-up Administration Joselito Yanga, in Batangas. Batangas. deal with US-based SunPower also located in FPIP. families, yuppies, students and former Strategic Business Plan- overseas Filipino workers. The ning head Vik Apuzen, AGC ABS-CBN widens lead, most cost-efficient in February affordable residential condo- president Paul Tanchi and VP ABS-CBN Corporation wid- ABS-CBN primetime tele- slots. “Mara Clara” (34.9%) compared to ABS-CBN and minium project will be con- Engr. Rommel Ramirez, and The ened its lead over rival TV sta- seryes “Mara Clara” (34.9%), topped the list followed by TV5. First Gen attributable net income up 319% structed in phases over the next Cambria project manager Engr. tions in February with a 41% “Mutya” (31.8%) and “Imortal” “Mutya” (31.8%), “Noah” (30%), ABS-CBN generated net four years. Amador Pastor. (Dolly Pasia) FIRST Gen Corporation re- from the sale of electricity Vulcan reduced its debt by in comparison to 2009’s total audience share on primetime (6 (26.4%) have beaten GMA’s “Pilipinas Got Talent” (28.6%), income of P2.9 billion for the ported sharply higher attrib- by $222.1M or 22% to $1.2B 40% or P5.5B, from P13.8B to interest expense of $112.1M. p.m.-12 mn). “Dwarfina” (17.8%), “Machete” “TV Patrol” (26.7%), “Imortal” first nine months of 2010 as it utable net income to parent of in 2010 from $1B in 2009. P8.3B. Part of the proceeds from First Data from Kantar Media/ (17%) and “I Heart You, Pare” (26.4%), “Rated K” (23.9%), sustained into the third quarter $70.2 million for 2010, up by For 2010, First Gas plants First Gen’s total debt de- Gen’s P15.0B rights offer last TNS show that ABS-CBN im- (16.2%) nationwide. “Maalaala Mo Kaya” (22.5%) the strong growth momentum 319% from $16.7M posted last delivered stable earnings of creased by $115.1M or 10%, January 2010 was used for loan proved its primetime audience GMA Network lost its and “Goin’ Bulilit” (21.3%). in regular advertising revenues year. First Gen’s consolidated $130.1M. from $1.2B in 2009 to $1.1B repayments. share last month to enjoy a 10- primetime leadership in Feb- Overall, ABS-CBN remains in the first semester. This profit revenues likewise jumped by There was a notable increase in 2010. Other than its sched- First Gen’s consolidated net point lead over GMA Network’s ruary in Mega Manila, the the country’s number one TV level is more than double the net $222.1M or 22% to $1.2 bil- in equity in net earnings from uled debt amortizations, First income in 2010 increased by 31% and more than twice the area that includes viewer-rich network with a 36% audience income of P1.3B in the first nine lion in 2010 from last year’s associates, namely EDC and Gen also bought back and re- $26.0M or 27% to $121.0M, audience share of TV5’s 16%. Metro Manila and which the share for the month of Febru- months of 2009. (Kane Choa) $1.0B. FG Hydro, in 2010. The in- tired $74.0M in face value of compared to the net income of Leadership in primetime is im- Kapuso network considers its ary, higher than GMA’s 35% First Gen chairman Federico R. Lopez (2nd from left) with other “The substantial increase crease was coupled with lower its convertible bond in 2010 $95.0M in the previous year.
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