MARCH 2013 www.lopezlink.ph See story on page 10 http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph Rockwell of ages DESPITE its unassuming moniker, the Garage in Rockwell Center is a hub of activity, but not of the automotive kind. Prospective sales executives in spiffy business attire wait to be called in for their appointments. Staff in uniform dress shorts and polo shirts flit around preparing the conference rooms and looking after guests. In the inner offices, twentysomethings type away at their computers. Even big boss Miguel L. Lopez, Rockwell Land Corporation senior vice Turn to page 6 Landslide Lea Salonga returns Power Plant Mall is ‘grad central’ …page 3 to TV …page 4 in Leyte …page 12 Lopezlink March 2013 BIZ NEWS NEWS Lopezlink March 2013 At the Pinoy Media Congress Landslide in Leyte FPH to redeem and Students urged to serve, ABS-CBN: GMA’S libel declare cash dividend love country; EL launches case has no basis EDC continues search on preferred shares ABS-CBN Corporation reiterat- THE board of directors of First shares starting on the fifth an- book of speeches ed its stand that the nine-year-old Philippine Holdings Corpora- niversary of the issue date. In his keynote address, EL3 libel case filed by GMA Network tion (FPH) has approved the Additionally, the board also against it has no basis. for missing workers company’s option to redeem approved payment of a cash ABS-CBN chairman Eugenio said the media’s role is to “serve ABS-CBN chairman Eu- A landslide possibly triggered while 10 were taken to the The workers were hired by families of the casualties and all of its 43,000,000 series B dividend on the series B preferred Lopez III (leftmost) with the people no matter what the genio Lopez III (EL3) and preferred shares. Under the shares and prepayment of the re- officers of the Philippine consequences.” He also cited by several days of intermittent hospital for medical care. Nine JE Arradaza, a local subcontrac- provided burial assistance other current and former em- terms of issuance, FPH has maining fixed rate corporate notes, Association of Communication the tale “The Emperor’s New rains has claimed 12 lives in have already been discharged tor of First Balfour Inc., which and financial assistance to the the option to redeem all of the consisting of 7- and 10-year notes, Educators during the launch of Clothes,” saying the media ployees of the network posted Energy Development Corpora- after being treated for minor is the EDC project contractor. families. Meanwhile, full hos- outstanding series B preferred in the amount P3.18 billion. his book should be like the child in bail in connection with the tion’s geothermal steam field in injuries while the remaining Two workers remain miss- pitalization assistance is being the story and point out what’s case after the Quezon City Re- Kananga, Leyte on March 1. worker at the hospital is re- ing to date as more bodies were extended to the survivors who wrong even if others would gional Trial Court issued arrest The incident occurred at cuperating from injuries sus- recovered in the days following are recovering in the hospital. rather keep mum about it. warrants for them in February. the Upper Mahiao area as tained during the incident. the incident. The Upper Mahiao geo- Bayan posts P5.22B This year’s PMC had over The arrest warrants were is- the workers were building a Leyte Geothermal Business First Balfour and EDC, thermal field is part of EDC’s 20 industry experts showing sued against EL3, Erwin Tulfo, concrete shelter to protect the Unit senior vice president Rico together with the local rescue Leyte Geothermal Production in core revenues and explaining the real essence Lynda Jumilla, Beth Frondoso, Screen grab from a Feb. 18 “TV Patrol” report showing ABS-CBN reporter steam pipes from landslides. Bersamin immediately mo- groups of Ormoc, the military Field (LGPF), the world’s larg- of media work to young mass Maria Progena Estonilo Reyes, Dindo Amparo appearing on both ABS-CBN Breaking News’ and GMA The real cause of the landslide bilized the company’s Emer- and National Risk Reduction and est wet steam field. The LGPF BAYAN Telecommunications as compared to 2011,” the com- communicators, who came from Annie Eugenio, Dondi Garcia, Flash Report’s coverage of freed OFW Angelo dela Cruz’s arrival in 2004 is still being investigated, the gency Response Team and all Management Council, continue also includes the Tongonan Inc. posted P5.22 billion in pany said in a statement. as far as Cagayan in the north Luis Alejandro, Jose Ramon company said. available personnel as well as to search for the missing workers. 1, Malitbog, Mahanagdong core revenues in 2012, 8% Bayan’s business segment and Zamboanga in the south. Olives, Jesus Maderazo, Luchi sion ABS-CBN’s broadcast cov- GMA’s libel complaint Twenty-one other workers company resources and equip- Representatives from EDC and Leyte optimization steam higher than 2011. grew by 11% to P2.44B on a YoY Other personalities in the Cruz-Valdes, Jose Magsaysay erage of overseas Filipino worker against ABS-CBN was dis- were treated in the EDC clinic ment following the incident. and First Balfour visited the fields. This strong performance is at- basis due primarily to a combi- event organized annually by Jr. and Alfonso Marquez. Angelo dela Cruz’s arrival in the missed by Department of Jus- tributed to the substantial growth nation of continuing demand for ABS-CBN and the Philippine In a press statement, head of Philippines after Iraqi militants tice (DOJ) private prosecutor in Bayan’s data and voice services. data connectivity and the success Association of Communication ABS-CBN Integrated Corporate released him in 2004. ACP Venturaza in 2004, which EDC signs $300M deal for wind power project Data service revenues grew to of “Business Made Personal,” its BEYOND information and The conference, top-billed by Educators were the network’s Communications Bong Osorio GMA picked up and aired was affirmed by former Justice P3.56B, up 11% or P256 million branding for its top-notch qual- education, the role of media ABS-CBN chairman Eugenio president, chief executive of- said the accused “will avail them- the footage from Reuters Sec. Raul Gonzalez in 2005. ENERGY Development Cor- Lopez (FRL) said: “We have imported fuels, wherein 4,172 mately 600 hectares across from 2011, driven by the increas- ity of accounts management. is to serve and love the coun- Lopez III (EL3), also featured ficer and chief operating officer selves of all legal remedies to Television Service despite an However, in 2010, former poration (EDC) has signed a long prepared for this project MW and 1,751 MW are coal three barangays: Saoit, Po- ing demand for data connectivity Bayan’s consumer segment, try. This was the key message the launch of EL3: In the Service Charo Santos-Concio, Broad- question the findings of probable advisory from Reuters stating acting Justice Sec. Alberto deal to commence the construc- and we are determined to and oil-fired plants, respec- blacion and Nagsurot. Aside and internet connection. on the other hand, grew 6% to imparted to about 700 student of the Filipino Worldwide, a col- cast head Cory Vidanes, News cause for the arrest warrants.” “No Access Philippines” or Agra reversed Gonzalez’s tion of its 87-megawatt wind achieve commerciality at the tively. from the wind farm which will DSL revenues grew year-on- P2.19B, with growth coming delegates who attended the lection of speeches and stories by and Current Affairs head Ging “It is unfortunate that the that the material could not be resolution; in 2011, Justice Sec. farm in Burgos, Ilocos Norte soonest possible time so we FRL further added: “The have large-scale Vestas V90- year (YoY) by 13% to P1.7B in from increased demand for eighth Pinoy Media Congress the chairman. The book is now Reyes, Entertainment head for respondents are being pilloried used by its subscribers in the Leila de Lima affirmed Agra’s and targets to commission the can supply the Luzon grid project is aligned with the 3.0 MW wind turbines and 2012, mainly attributable to the DSL broadband and bundled (PMC), ABS-CBN’s media available at the Studio Tours TV Production Laurenti Dyo- as criminals, when in fact, it was Philippines without consent. resolution. project in 2014. with clean, sustainable wind long-term strategic direction of ancillary plant, the BWP also increased usage of social media packages. conference for communica- & Shop inside the ABS-CBN gi, and the stars of Kapamilya ABS-CBN whose rights were Osorio pointed out that ABS-CBN has a pending EDC has selected Vestas of energy.” First Gen Corporation [parent includes a 115-kV transmission applications and the adoption of Bayan chief operating of- tions professors and students. compound in Quezon City. shows. (Kane Choa) violated. They are confident that GMA used the ABS-CBN petition with the Court of Ap- Denmark, the world’s largest Once operational, the company of EDC] to be the line connecting the wind farm the internet for education pur- ficer Rafael Aguado said one this libel suit will eventually be coverage “without its author- peals questioning the DOJ’s wind turbine manufacturer, BWP is expected to generate country’s leading diversified from the Burgos substation poses. Bayan’s DSL subscribers very important aspect of the dismissed,” Osorio said. ity and consent and thus was resolution finding probable as supplier of the 29 V90-3.0 approximately 233 GWh an- renewable energy company.