JUNE 2021 A monthly publication of the Lopez group of companies www.lopezlink.ph http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph CPI makes waves on Kumu Story on page 4 Economic impact assessment INAEC teams up with ‘Clear’ Dads take Ascent, TMC …page 3 advice from center stage@ Asian Eye Rockwell…page 7 …page 7 2 Lopezlink June 2021 BIZ NEWS BIZ NEWS Lopezlink June 2021 3 FPH wins gold at 6th ASRA INAEC tapped to provide medevac services for Ascent, TMC First Gen attributable By Maila Banaag FIRST Philippine Holdings ASRA to identify and honor newable energy sources as fuel Corporation (FPH) has bagged sustainability reporting leaders. to run its power plants. INAEC Aviation Corporation Dexter Ampong, general to avoid road traffic, increasing a gold award for the compa- “In our own small way, we Carandang explained that was chosen by Ascent Air Mo- manager of INAEC, said: “In our ability to provide timely ny’s maiden entry to the 6th try to inspire our stakehold- “the challenges confronting us bility to perform air medical medical emergencies, time is of and lifesaving medical care for RNI jumps 21% Asia Sustainability Reporting ers—our customers, cocreators, evacuation (medevac) services the essence. A span of minutes our patients.” today from problems associated Awards (ASRA) held recently investors and host communities, with climate change are daunt- for The Medical City (TMC). can spell the difference between INAEC is a Filipino air char- FIRST Gen Corporation start- [liquefied natural gas] terminal income to parent of P1.3 billion by CSRWorks International. to name a few—by providing ing. The steps that FPH are tak- Utilizing its fixed-wing air- saving a life or losing one. That ter operator with a proven repu- ed the first quarter of 2021 with is underway and, at First Gen, ($27 million) for the first three FPH’s 2020 integrated re- them a comprehensive analysis ing admittedly are not enough craft and helicopters, INAEC is why we at INAEC, through tation for safety and excellence. P3.8 billion ($78 million), a we are studying our roster of months of 2021, while it gener- port earned the gold, the high- of the company’s performance, to reverse this existential threat has extensive experience in pro- our Air+Care services, made it In January 2021, it achieved its 21% improvement in recurring growth projects so that they can ated P1.3 billion ($26 million) est award in the Best Integrated especially how this performance to mankind. viding air medevac services for our mission to provide immedi- Stage 2 certification for the In- net income attributable to equi- be ready by the time our coun- for the same period in 2020. Report (First Time) category creates value and provides ser- “But our collaboration with emergency patients nationwide. ate, safe and reliable air trans- ternational Standard for Business ty holders from the operations try has recovered.” The hydro platform’s recurring during the exclusive Singapore vices for them. Included in our CSRWorks not only inspires us Its previous air medevac cases port to patients in urgent need Aircraft Operations or IS-BAO, of its 3,495-megawatt (MW) The natural gas platform deliv- earnings contribution, meanwhile, event held last month that was 2020 report were the steps we to press forward but it also pro- included bringing divers with of medical care. And, with the a code of best aviation practices clean, low-carbon and renew- ered a 35% increase in recurring stayed the same at P0.2 billion broadcast live in a virtual setting. took to minimize the impact of vides us with a platform to reach decompression sickness, vic- current pandemic, we are using established internationally. able portfolio. earnings for 1Q21 to P2.5 billion ($5 million) for 1Q21. Attribut- ASRA, considered the most the pandemic that allowed us out to other groups that share tims of car accidents, mountain medical-grade PPEs to protect TMC has been consistent The company benefited from ($52 million) from P2.0 billion able earnings in 1Q21 were the prestigious international awards to continue serving our stake- with us a resolve to help achieve climbers in need of rescue and our crews and our passengers. with giving its patients an un- new contracts as well as lower ($39 million) in 1Q20. From an same at P0.2 billion ($5 million). for corporate reporting, drew holders,” said Ricky Carandang, a decarbonized and regenerative individuals with life-threaten- INAEC handles its air mede- paralleled healthcare experi- operating and interest expenses. attributable net income to parent First Gen’s consolidated reve- more than 250 senior business FPH vice president and head of future. We are hopeful of forging ing illnesses, including children, vac operations with that degree TMC SVP Dr. Christopher Napoleon ence, including innovations First Gen had P3.3 billion ($65 of P2.0 billion ($39 million) in nues from the sale of electricity in leaders and sustainability practi- corporate communications. partnerships with these groups in from the provinces to Metro of care that ensures the safety INAEC GM Dexter Ampong Ascent CEO Lionel Sinai-Sinelnikoff delos Reyes such as the TMC drive-thru million) in recurring earnings the first 90 days of 2020, the gas 1Q21 was almost flat at P23.2 bil- tioners from 20 countries, as well The maiden FPH 2020 inte- the future,” Carandang said. Manila, where they could receive of everyone involved during lab. It continues to elevate its from the same period in 2020. platform increased to P2.8 billion lion ($483 million), a 0.3% move- as dignitaries from the academe, grated report marked the year the required medical attention. each step of the process.” air operator INAEC. Known Through this initiative, INAEC dedicated healthcare services healthcare ecosystem with a fo- “The year 2021 is looking to ($57 million) for 1Q21. ment of P1.2 billion ($1 million) embassies, trade associations and FPH declared as a conglom- annual meeting dates With the TMC-Ascent Lionel Sinai-Sinelnikoff, for its excellent safety record and can save patients of The Medi- by making the process more cus on both patient safety and be a better year, although we rec- Energy Development Cor- from P24.4 billion ($481 million) advocacy organizations. erate-wide mission “to forge partnership, INAEC will carry founder and CEO of Ascent, implemented best practices fol- cal City up to 85% of their time efficient, convenient and seam- experience as well as service ef- ognize that the recent surge and poration (EDC) contributed in the first quarter of 2020. “First Philippine Holdings collaborative pathways for a June 30: Rockwell Land patients as well as medical per- added: “While we aim to de- lowing stringent international compared to land transporta- less,” said Dr. Christopher Na- ficiency and excellence. newly imposed lockdowns have recurring attributable earnings The natural gas portfolio ac- Corporation report shows ex- decarbonized and regenerative Corporation, 9 a.m. sonnel, sensitive medical cargo mocratize access to air mobil- operational standards, INAEC tion, working within a safe travel poleon delos Reyes, senior vice Ascent is Asia’s air mobility made recovery slower. Nonethe- from its geothermal, wind and counted for 55% of First Gen’s ceptional leadership in trans- future.” FPH crafted the new July 29: ABS-CBN and fragile medical equipment ity, safety is of course foremost ensures the highest standards bubble from the main branch of president of TMC. “Patients tech-powered service, enabling less, we want to move forward solar platform amounting to total consolidated revenues. parent reporting of its sustain- mission after it realized that Corporation, 8 a.m. to and from any of TMC’s fa- in our minds. This is why we and reliability of operations re- The Medical City to its wider of The Medical City can now passengers to regain control of and work on projects that will P1.3 billion ($27 million) in EDC’s geothermal, wind and so- ability performance and reflects incremental sustainability does August 5: Lopez Holdings cilities throughout the country. chose to partner with leading quired for such complex services. healthcare network.” easily access medical air mobil- their time, and move in safe, support the economy and increase 1Q21, 4% higher in compari- lar revenues accounted for 40% of its readiness for a resilient not help reverse climate change. Corporation, 9 a.m. “This initiative enables The ity services through Ascent as crowd-free and controlled envi- employment,” First Gen president son to the P1.3 billion ($26 First Gen’s total consolidated rev- future,” said Rajesh Chhabra, FPH’s climate change advo- To be conducted virtu- Medical City to enhance its operated by INAEC in order ronments. and COO Giles Puno said. million) it earned in 1Q20. enues in 1Q21. The hydro plants managing director and found- cacy explains why its subsidiary ally by means of remote First Gen completes refinancing, He added: “The construc- The renewable company in- accounted for 5% of First Gen’s er of CSRWorks, a nonprofit First Gen Corporation priori- communications. McConnell Dowell awards LNG terminal tion of the country’s first LNG curred higher attributable net total consolidated revenues. group that holds the annual tizes the use of clean and re- raises total of $308M debt facilities civil works contract to First Balfour Special Feature FIRST Gen Corporation, be primarily used to repay the 24 years ago and it has since By Dolly Pasia-Ramos through its wholly owned sub- amounts due on FGP’s exist- reached even greater heights. sidiary FGP Corporation which ing debt of approximately $164 The natural gas platform now MCCONNELL Dowell, the owns and operates the 500-mega- million.