SEPTEMBER 2016 www.lopezlink.ph Start your Christmas shopping early! Discover our favorite gifts. See story on page 9. http://www.facebook.com/lopezlinkonline www.twitter.com/lopezlinkph ABS-CBN Regional “KABLAAW?” “Taga-diin ka?” For migrants in Metro Ma- nila, many of whom don’t have the resources to regularly make the goes national! Turn to page 6 Discover Our 1H financial results September …page 2 ‘The Greatest in style…page 12 Love’…page 4 Lopezlink September 2016 Lopezlink September 2016 Biz News JANUARY TO JUNE 2016 FINANCIAL RESULTS (UNAUDITED, CONSOLIDATED) Total revenues Net income/(Loss) attributable to Solidarity for a better Philippines At the midyear performance review Lopez Holdings equity holders of the parent company ATTY. Alex Lacson, Institute Lacson said leaders must get the compensation of the lowest Synergy, cooperation needed 2015 2016 % change 2015 2016 % change for Solidarity in Asia (ISA) pres- rid of the kanya-kanya (indi- paid employee. By Carla Paras-Sison ident and chief executive officer, vidualistic) mentality in order “In Germany, the highest attributable net ABS-CBN P17.672B P20.990B +19 P667.7M P2.273B +60 invited good governance advo- for more people to benefit from salary paid out by corporations AMBASSADOR Manuel M. prudent and sustainable invest- Be flexible, agile Lopez Holdings P48.360B P44.142B -9 P1.953B P2.690B +38 cates to support the organiza- economic growth. A study by is not more than 20 times the Lopez (AMML), Lopez Hold- ments for national develop- In the same meeting, Lopez EDC P16.775B P17.006B +1 P4.609B P4.909B +6 tion’s initiative to roll out its Per- Credit Suisse Global Wealth salary of the lowest paid em- ings Corporation chairman and ment.” Holdings chairman emeri- First Gen $965.246M $804.311M -17 $95.270M $112.940M +18 formance Governance System Watch in 2014 found that the ployee,” he said, giving it as chief executive officer, called On a more personal note, tus Oscar M. Lopez (OML) income at P2.690B FPH P48.422B P44.240B -9 P2.653B P3.558B +34 (PGS) to more local government richest 1% of Filipinos owns an example of how to make for synergy and cooperation as AMML thanked the Lopez reminded executives to “be By Carla Paras-Sison ROCK P3.418B P4.331B +27 P697.9M P705.0M +1 units (LGUs) and national gov- and controls almost 50% of the economic or corporate success member companies of the Lo- Group for the support he re- alert, perceptive of unexpected LOPEZ Holdings Corporation and ABS-CBN Corporation. performance, higher efficien- ernment agencies (NGAs). country’s wealth and resources. more inclusive. pez Group respond to the new ceived during his stint as the changes, flexible, agile and able reported P2.690 billion in net Unaudited consolidated cies accounted for the gains. Speaking before members of “The combined wealth of the In the last 11 years, ISA has government’s call for invest- country’s ambassador to Japan to change directions quickly” in income attributable to equity revenues decreased by 9% year- FPH costs and expenses fell First half results point to a good year the Institute of Corporate Di- six wealthiest families was more helped 52 LGUs and 56 NGAs ments from the business sector. from January 2011 to June order to be successful in today’s holders of the parent for the on-year to P44.142B from by a faster 12% following a 9% rectors on August 11, Lacson than our country’s national establish the PGS and measure Speaking at the midyear per- 2016. He asked that the Group business environment. first six months of 2016. This is P48.360B. decline in revenues. In the same Financial and operating re- gained on the efficient man- challenge of falling revenues said the country’s growth would budget for 2014. Sixty percent impact to relevant stakehold- formance review, AMML said also give the same level of sup- “There will always be as- 38% higher than the P1.953B FPH posted a 34% increase way, ABS-CBN’s expenses grew sults of listed companies of agement of resources in par- for the power group, all of trickle down to its 52 million of our country’s GDP (gross ers. companies like First Philippine port to ABS-CBN Lingkod pects of the business environ- in net income attributable to in net income attributable to by a slower 13% compared to a the Lopez Group point to a ticular, lowering costs and them recorded higher attrib- poor if the PGS were in place domestic product) in the past For a cost of P600,000 to Industrial Park and Rockwell Kapamilya Foundation Inc. ment that we will not be in equity holders of the parent re- equity holders of the parent 19% rise in revenues. good year. Most listed units expenses. Hence, despite the utable incomes. to institutionalize transparency 10 years benefited largely the P800,000 a year for three years, Land Corporation are contrib- executive director Gina Lopez, control of. But the conduct ported in the first half of 2015, while ABS-CBN registered As of June 30, 2016, Lopez and accountability for leaders. companies of the richest 1%,” a corporation can adopt an uting their share in terms of jobs who is now the Secretary of of our day-to-day operations, driven by the solid performance a 76% increase in net income Holdings owned 46% of FPH “The PGS strengthens pub- he said, citing articles written LGU where ISA will institute creation in manufacturing and Environment and Natural Re- the things we are in control of, of investees First Philippine during the period. Following and 56% economic interest in lic institutions by making them by economist Cielito Habito, the PGS toward sustainable, in- tourism, which are among the sources. we must execute flawlessly,” he Holdings Corporation (FPH) through on the first- quarter ABS-CBN. ABS-CBN reports 76% jump effective and inclusive. Despite former director-general of the clusive growth. ISA also offers priority areas of Pres. Duterte’s “Gina is very pure in her said. the economy growing continu- National Economic Develop- “employees values enrichment” economic team. thoughts and actions. She has OML further noted: “Our ously for the last six years, weak ment Authority. courses which cover personal According to him, National no agenda whatsoever. Gina plans have to be…designed to in net income to P2.1B governance in LGUs is among Lacson challenged corpora- governance, family governance, Economic and Development certainly deserves our support. enable us to shift towards new, ABS-CBN Corporation re- ABS-CBN continues to over 1.3 million boxes as of the the factors that keep the coun- tions to consider what is done work/business governance and Authority Sec. Ernesto Pernia She does have the zeal and the unanticipated directions. To the FPH attributable ported P20.9 billion con- be the market leader in terms end of June. try’s poor, poor. About 12 mil- in France, where the compen- good citizenship. Visit isacen- had identified investments in passion to change things and, extent possible, even our assets solidated revenue for the first of total day national audience “We are confident that we lion Filipinos are without jobs,” sation of the highest paid exec- ter.org for more information. manufacturing, agriculture and hopefully, she will succeed in have to be designed to be as half of 2016, bringing its net share and ratings. The top 15 will hit our profit guidance Lacson said. utive is not more than 10 times (C.P. Sison) tourism as necessary “to gener- helping our people benefit flexible and as agile as possible. income to P2.1B, 76% higher programs for the first half for the year,” said ABS-CBN ate more jobs suitable for the from the natural bounty and Finally, we ourselves have to be net income up 34% compared to the same period of 2016 were all ABS-CBN Group CFO Ron Valdueza. poor and the less skilled mem- beauty that our country has flexible, adaptable and embrac- FOR the first half ended June stronger margins on electricity ring net income grew 24% from last year. The company reported shows, with “FPJ’s Ang Probin- Meanwhile, the company’s bers of the labor force.” He said been blessed with,” AMML ing of change and of the unex- 30, 2016, First Philippine sales, the receipt of P1.0B (net P2.2B last year to P2.8B this higher second-quarter revenues syano” in the top spot. educational theme park, Kid- SKYBIZ’s enhanced network helps the Group must “proceed with said. pected.” Holdings Corporation (FPH) of tax) liquidated damages re- year. This was largely driven by of P11.2B, 20% higher than the SKY’s broadband subscriber Zania, reached over 150,000 posted an attributable net in- lated to the San Gabriel plant the stronger recurring earnings revenues generated during the growth has been very strong, attendance since the beginning in building businesses better come of P3.6 billion, higher by and higher dividends from of the First Gen Group and first quarter of this year. increasing by 47% to over of the year. The O Shopping ABS-CBN, SKY win 6 Spark Awards 34% from last year. The increase Meralco. lower parent expenses for the “The improvement in our 169,000 since June last year. Channel is now generating TO address the growing demand By Kane Choa in earnings was mainly due to The corresponding recur- period. ratings, coupled with the newly SKY has also introduced di- over P2.2 million in daily sales. for business connectivity, SKY- implemented cost per individu- rect-to-home service nation- With these successes, ABS- BIZ reinforced its core network ABS-CBN Corporation and tion), meanwhile, won the gold dia Solution—Experiential for the al rating point pricing scheme, wide, SKYdirect, with over CBN’s total assets rose to facility and added a new data SKY Cable Corporation car- as Best Media Solution in the microsite OTWOLISTA.com.