MAY 2012 www.lopezlink.ph Happy birthday, LopezAMML! Group chairman talks about ‘malasakit’ and serving the country. See story on page 3. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph An ABS-CBN style Pinoy summer IT ain’t summer until the big reveal! The ABS-CBN summer station ID (SID) has become the harbinger that assures us that the glorious, seemingly endless days of sun, sea and sand are once again upon our 7,107 islands. Yes, summer now means sun, sea, sand and SID. Turn to page 6 Lopez Group breaks EL3 crosses Paris Hail to the queen: ground on future Marathon finish line! Power Plant Mall home …page 2 …page 10 finds for Mom…page 12 Lopezlink May 2012 BIZ NEWS NEWS Lopezlink May 2012 2011 financial results TOTAL CONSOLIDATED REVENUES Net income/ (loss) * Lopez Group breaks Birthday thoughts 2010 2011 % change 2010 2011 % change UP confers honorary P32.185B P28.200B -12 P3.178B P2.420B -24 AMML on ‘malasakit’ ABS-CBN ground on future home Lopez Holdings P27.869B P25.047B -10 P13.175B P3.953B -70 degree on OML P24.902B P25.964 +1 P4.116B (P167M)** -104 EDC CHAIRMAN emeritus Oscar also received the same honor in institutions…and to encourage and serving the country +10 $70.217M $35.021M -50 First Gen $1.244B $1.364B M. Lopez (OML) and chair- April 1968. joint research undertakings FPH P64.285B P70.315B +9 P24.850B P2.117B -91 man Amb. Manuel M. Lopez The award was given for between those academic insti- AMBASSADOR Manuel staff. That is a very important private sector is different from (AMML) led the groundbreak- M. Lopez (AMML), chair- objective as well.” public service, thus requiring *Net income/(loss) attributable to equity holders of the parent OML’s “distinguished service tutions, as well as between the ing and lowering of a time cap- to learning and to humankind academe and government.” man of the Lopez Group, AMML said the value of some adjustment on his part. **Includes P5.0-billion loss on impairment of the Northern Negros Geothermal Plant; details of EDC sule at the Lopez Group’s future celebrates his nth birthday on malasakit, which he incul- “We are few in the embas- financial results were published in the April 2012 issue of LopezLink through his lifelong passion for “…The ultimate and over- headquarters at the Rockwell biodiversity conservation which riding objective is, and will May 20 at his post in Tokyo cated among the over 5,000 sy compared to the thousands Center on April 26, 2012. fires his generous support for always be, to save lives and to with no fanfare. He expects employees of Meralco in the we had in Meralco, but we are Present at the event were research in the biological sci- take our people out of harm’s only to go to mass with his last 25 years, is something an institution no matter how Rockwell Land president ences….” His advocacy helps way,” OML stressed. wife Maritess, the day being that is now being practiced at small the numbers are, and ABS-CBN nets P2.4B Nestor Padilla and other Lo- THE consolidated net income tising revenues declined by 5% YoY to P22.3B. This was “strengthen the science of plant In 2010, the chairman a Sunday, and then to a res- the embassy in Tokyo. we look to our kababayan, the pez Group executives. of ABS-CBN Corporation 6% YoY. partly a result of lower cost of taxonomy, tropical forest ecol- emeritus was also awarded taurant for some yakitori, his “What I’m asking of the 220,000 Filipinos in Japan, AMML, who also serves registered P2.4 billion for the Consumer sales for 2011 sales and services and general ogy and wildlife biology in our honorary doctorate degrees by favorite Japanese dish. staff is to go the extra mile as our market.” as chairman of Lopez Hold- full year 2011. amounted to P10.6B, posting and administrative expenses. country,” the university said. Ateneo de Manila and De La “Frankly, as you get older, for our countrymen. We have Although the embassy is ings Corporation and Rockwell ABS-CBN generated con- a 1% increase from a year ago. Net income attributable to In his speech, the chairman Salle University. birthdays are not things you to understand that they have undermanned and on a mod- Land, described the tower as solidated revenues of P28.2B SkyCable continues to con- shareholders is at P2.4B, aided AMML and OML (3rd and 4th from left) with (l-r) Rockwell president emeritus emphasized the im- Meanwhile, in March, look forward to anymore. I been away for some time from est budget, AMML believes another feather in the company’s from advertising and consumer tribute positively with revenues by a gain on sale of SkyCable Nestor Padilla, Maritess Lopez, Connie Lopez and Cedie Lopez Vargas portance of protecting the en- OML was one of the guest haven’t really thought about it. the country and sometimes, they are able to cope because cap. He noted that such a project Lopez Group chairman emeritus sales, a 13% decline compared increasing by 10% to P4.3B, Philippine Depositary Receipts vironment from further harm speakers for a reunion of Fili- Being away from home, I don’t miscommunication can hap- of the value of malasakit. enhances a company’s reputation OML noted that the Lopez A two-story space has been Oscar M. Lopez to 2010. Less the revenues from mostly driven by the increased to the Singaporean company and of protecting human- pino Harvard alumni held at really know what to do unlike pen. There may be some un- “It is a challenge but I have and bolsters its track record for Tower and Museum will have set aside for the museum, which political advocacies and adver- take-up of its broadband service STT Communications Ltd. LOPEZ Group chairman ity from the harm they have the Makati Shangri-La Hotel. in the Philippines where you derlying reasons why problems a good staff. We are willing to management and development. four pillars to represent the will display the collection of art tisements in 2010, consolidated subscriptions which increased Meanwhile, earnings before emeritus Oscar M. Lopez wrought on the environment. Harvard Spring gathered some expect family, grandchildren they bring to the embassy are work even on weekends. Dur- In two years, all the Lopez values of entrepreneurship, it has amassed over the years. revenues for 2011 declined by by 18% YoY. However, ABS- interest, taxes, depreciation (OML) received an honor- “For in abusing our environ- 600 men and women who at- and friends to visit you. But not resolved right away. But ing calamities, like last year’s companies will be housed in integrity, leadership and public Lopez Tower is expected to 4% year-on-year (YoY). CBN Global revenues declined and amortization hit P6.8B. ary doctor of laws degree, the ment, we have made ourselves tended the Harvard schools, who knows, maybe one of we should never be construed tsunami, we were on 24/7 the 19-story Lopez Tower and service. be completed by December 2014. ABS-CBN’s advertising by 8% YoY in peso terms due to Capital expenditure and film University of the Philippines’ vulnerable to the undesirable such as the Kennedy School of the kids will surprise me,” the as being indifferent about duty. We are ready for any Museum located close to the revenues reached P17.6B, a the decline in subscribers and and program rights acquisition highest academic distinction, effects of that abuse,” OML Government; Education; Law; ambassador told LopezLink on the needs of the Filipinos eventuality,” he said. (Carla Ateneo Professional Schools, decline of 19% from a year the appreciation of the Philip- for the year amounted to P4.2B, Rockwell Land to list on May 11 on April 22, 2012, 44 years said. and Business. Skype in April. here. We have to make sure Paras-Sison) the Rockwell Club and Power Having already accom- that our kababayan do not ago. Minus the revenues from pine peso against the US dollar. 14% higher than the level of ROCKWELL Land Cor- ket debut had been obtained. after another Lopez was con- The chairman emeritus OML became the first Plant Mall, as well as the Makati plished so much in his career complain about the quality of political advocacies and ad- Total operating and other spending from the previous poration is scheduled to list He said that Rockwell Land ferred the same honor. revealed that Lopez Group Filipino to receive a Harvard central business district. as businessman and profes- service. Whatever it is they vertisements in 2010, adver- expenses dropped by P1.1B or year. (Paul Michael Villanueva) by way of introduction at the will be listed on the PSE on The distinction was Foundation Inc. is in talks to honors degree as an under- “Our staff and associates sional manager, as well as in need—whether an exten- Philippine Stock Exchange May 11, 2012, after the com- conferred during the state establish a center for collabora- graduate in 1951. In 1955, he will enjoy working here in his personal life as a family sion of their passports, (PSE) on May 11. pany received the approvals university’s 101st general com- tive research on climate change earned a master’s degree in Rockwell Center, where you man, AMML’s current aspi- application for new First Gen reports attributable Ambassador Manuel M. of the PSE and the Securities mencement exercises held at and natural hazards.