OCTOBER 2019 www.lopezlink.ph http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph SKY Fiber: Bringing innovations for fiber-fast days Story on page 6 Execs attend The good that Rockwellist: CG training …page 9 Classic bags …page 2 they do get a twist…page 12 Lopezlink October 2019 Biz News Lopezlink October 2019 T1 Rentals beefs up fleet with 18 Isuzu trucks First Gen hosts confab for By Franz Kevin Buenaseda At the Lopez Group economic-political briefing itself in the equipment rental in- users of Siemens gas turbines dustry as a pioneer in providing By Joel Gaborni a full range of equipment that AtBy Carla Paras-Sison the crossroads includes earth-moving, lifting, industrial rental, and transport PROF. Victor Andres Manhit, and hauling solutions through founder and managing director its subsidiary Therma One of Stratbase Group and presi- Transport. dent of its policy think tank, the T1 Rentals currently owns Albert del Rosario Institute over 700 units of construc- for Strategic and International L-R: Atty. Cesar Villanueva; Jessie Carpio; Ina Figueroa; and Atty. Teodoro Kalaw IV T1 Rentals division head Levi Dy (center) with (l-r) Centro COO/CFO Jerryme Studies, described the political Garcia, Centro president Raphael Juan, Inteco president/COO Raymond tion equipment, machinery and Jarina and Isuzu Philippines Corp. dealer sales department head Mario transport vehicles. It has more situation of President Duterte’s Ojales during the turnover of the new trucks than 200 operators and mechan- government as “at the crossroads” Advanced CG training by ICD ics certified by the Association as it is currently lodged “halfway By Carla Paras-Sison T1 Rentals recently added 18 “We are definite that these of Carriers and Equipment Les- in his term; half-full in terms of brand-new Isuzu Forward FZ additional vehicles will boost sors and has completed services accomplishments; and at that A total of 122 directors and ers; and criminal liability of Kalaw also presented the steps Jonathan Ravelas and Prof. Victor Andres Manhit Hiab boom trucks to its 724- the daily operations and meet in more than 20 cities and prov- juncture of defending his legacy officers of publicly listed com- aiders, abettors and those who in the reporting process as follows: First Gen EVP Jon Russell (right) greets Brian Byrne, CEO of Siemens Power Generation Service Asia, before the start strong equipment fleet. the new demands of our com- inces across the Philippines. and achievements while simulta- The President has gained growth momentum, having had panies (PLCs) associated with counsel them. management commitment and of the conference Isuzu Philippines Corporation, pany,” said T1 Rentals division T1 Rentals also opened a neously carving out a future sce- headway on this objective as 14 quarters of above 6.0% GDP the Lopez Group underwent Rules on material RPTs setting up the project team; ma- Inteco Philippines and Centro head Levi Dy. hub in Mandaue City, Cebu to nario free of legal compromises.” self-rated poverty went down in growth; a large young, work- advanced corporate governance Jessie Carpio, partner and teriality assessment; stakeholder FIRST Gen Corporation on “We are delighted to host an stability and improving com- Manufacturing turned over the Rebranded as T1 Rentals participate in the booming con- At the annual economic and the First Quarter (March) 2019 ing-age population, also called (CG) training on September 6. head of the Audit and Assur- engagement; content mapping September 24, 2019 welcomed event that represents 29 mem- petitiveness for many years to new units to T1 Rentals at Cen- in January 2019, the Plant and struction activity in the region. It political briefing that starts the Social Weather Survey by Social the demographic dividend; its Conducted by the Institute ance division of Punongbayan and development; and produc- to Manila nearly 100 interna- bers from 12 countries with come,” he added. tro Manufacturing’s bodybuild- Equipment Division of First plans to open hubs in Batangas budget planning process for the Weather Stations (SWS). The skilled, English-speaking and of Corporate Directors (ICD), & Araullo (P&A), used a ques- tion, launch and distribution of tional delegates and suppliers 91 gas turbines and more than Around the world Siemens ing plant in Marilao, Bulacan. Balfour has made a name for and Davao City within the year. Lopez Group, Manhit reminded number of Filipino families that trainable workforce; and en- the training covered topics tion-and-answer format to il- the sustainability report (SR). to the annual Asia-Pacific Us- 33,000 MW of capacity,” Jon has sold over 400 4000F gas key officers and staff members considered themselves poor fell gagement in digitalization. mandated by the Securities and lustrate rules on material RPTs The SEC required all pub- ers’ Group for Siemens SGT- Russell, First Gen executive vice turbines. Each year, owners that Duterte is a “populist leader to a record low of 38%, estimated PH weaknesses, strengths Exchange Commission (SEC) under SEC Memorandum licly listed companies to submit 4000F gas turbines. president and chief commercial and operators get together SKYBIZ empowers women, online who projects to outrun the ‘past’ at 9.5 million families. Self-rated At the same time, he recog- for the continuing education of Circular 10 series of 2019. The SRs with the first one covering Six of the gas turbines are officer, said at the opening of in a “Users’ Group” to share and break its traditional practices.” poverty was recently highest at nized the country’s weaknesses professional directors and offi- circular aims to institutional- 2019, for submission with the used in First Gen’s 1,000- the gathering. their experience and to hear businesses in latest Growth Series talks Public perception 52% in the Third Quarter (Sep- and strengths, among them cers of listed companies. ize good corporate governance 2019 annual report in 2020. The megawatt (MW) Santa Rita “The sharing of experiences from Siemens Gas & Power According to him, Duterte tember) 2018 SWS survey and high unemployment and under- Atty. Cesar Villanueva, ICD by ensuring that transactions SEC is applying a “comply or and 500-MW San Lorenzo over the next three days will and third-party vendors about WITH more Filipinos today continues to enjoy high approv- 50% in the Fourth Quarter (De- employment; poverty or income trustee and former chairman between and among RPTs are explain” approach for the first power plants in Batangas. Their enable us to help Siemens de- the latest improvements aspiring to run their business- al ratings marked by the public’s cember) 2018 SWS survey. inequality; poor infrastructure; and chief executive officer of the conducted at arm’s length basis three years, with companies al- output and reliability helped velop the next round of im- and developments for these es at home with the advent of perception of consistent exercise Upbeat consumption an imbalanced, services-led Governance Commission for and that material RPTs are ap- lowed to explain items where supply approximately 15% of provements for Santa Rita and machines. This year’s Users’ digital technology, SKYBIZ is of political will, a deep personal In the same briefing, Jona- economy; the widening gap in GOCCs (government-owned proved and reported. data is still not available. How- Luzon’s electricity demand San Lorenzo—something that Group gathering ran from actively helping them undergo connection with constituents than Ravelas, first vice presi- education, which the K-12 pro- and -controlled corporations), Ina Figueroa, principal of the ever, eventual full compliance is throughout the critical hot sea- can benefit consumers in the September 24 to September digital transformations through and an ability to define key vi- dent and chief market strategist gram is addressing; and regional discussed challenges and oppor- Tax Advisory group of P&A, expected. son earlier this year. Philippines by supporting grid 26. its Growth Series events. sions for the country. of BDO Unibank Inc., said the conflicts which may negatively tunities related to the Revised discussed various transfer pric- The business division of SKY “The President, who strategi- Philippine economy is expect- impact on remittances. Corporation Code (RCC). ing methods to apply the arm’s recently tied up with Network cally uses social media to circum- ing to grow by 6% this year and Based on government’s re- Self-dealings length principle. RPTs must of Entrepreneur Women and vent mainstream media outlets 6.5% next year in terms of gross quested budget, Ravelas count- His presentation covered be made under comparable invited several speakers to share that he decries as biased and domestic product (GDP), on ed 170 nationwide infrastruc- self-dealings and related-party conditions and circumstances with business start-up owners L-R: SKYBIZ Sales head Mike Arcadio, Davao general manager Makoy hostile, sustains broad sectoral the back of upbeat consump- ture projects that are ongoing transactions (RPT), reporting as transactions with indepen- how digital helped in growing Marcos, Virtualahan’s Ryan Gersava, Womenpowered Digital’s Mary Rose support by exploiting popular tion and investments. He also or awaiting funding and 68 on beneficial ownership, disclo- dent parties. “Walang kapa- their businesses. Ofianga, Swito Corporation’s Gloryrose Dy and SKYBIZ Mindanao cluster frustration of the Filipino people expects inflation to average 3% projects covering two or more sure of the individual compen- kapatid, walang kai-kaibigan, “SKYBIZ believes that busi- head Jhaps Fernandez with the traditional economic in 2019 and 3.1% in 2020. regions. Due to increased in- sation of directors, provisions walang kama-kamag-anak,” she nessmen need a reliable partner and political elite,” he said. Due to the devaluation of frastructure spending, he sees relating to increasing ease of quipped. to help deliver their services.