Lopez Holdings



Ping de Jesus heads Manila North Tollway Project
Lopez Group chairman Oscar M. Lopez announced the appointment of former public works and highways secretary Jose Ping de Jesus as head of the Groups Manila North Tollway Project (MNTP) effective January 2000.

Lopez Group execs on duty for Y2K watch
Top officials of the Lopez Group, led by Manuel M. Lopez, president and chief executive officer (CEO) of Manila Electric Company (Meralco), will stay at their posts from December 31, 1999 to January 1, 2000 to ensure uninterrupted services in power, water, broadcasting and telecommunications.

Rockwell Ready To Complete Overpass, But...
Commuters crossing EDSA near the corner of Estrella in Makati may have to wait at least ten more days before work can be resumed in the construction of a pedestrian overpass.

FPHC to declassify shares, net income at all-time high
Publicly listed First Philippine Holdings Corp. (FPHC) is set to declassify its shares, as approved by shareholders in their recent meeting. FPHC chairman and chief executive officer Oscar M. Lopez said the declassification of common stock will increase liquidity and can augur for better turnover and value in the stock market.

Loans for the Poor
President Joseph Estrada hands over the checks to beneficiaries of the Bayan Microfinance program of the ABS-CBN Foundation, which extends loans to microentrepreneurs. Witnessing were Quezon City Mayor Ismael Mathay, ABS-CBN Foundation Chairman Jose Guingona, Bayan Microfinance Chairman Gabby Lopez and CEO of the Lopez Group of Companies Oscar M. Lopez.

ABS-CBN News Channel Set for November Relaunch
ABS-CBN News Channel (ANC), the latest 24-hour source of news and information on cable television, will be formally re-launched next month to respond to growing market demand for specialized cable channels.

ABS-CBN Subsidiaries to Power Future Growth
Subsidiaries of ABS-CBN Broadcasting Corporation are poised to power the companys future growth. Speaking to reporters after todays listing of ABS-CBN Philippine Deposit Receipts (PDRs), ABS-CBN chairman Eugenio Lopez III said subsidiaries Star Cinema, ABS-CBN International (ABS-CBNI) and Studio 23 are expected to contribute significantly to the Companys bottom line soon. At the same time, Lopez expects ABS-CBN to continue its dominance as it moves toward becoming a total media company.

Studio 23 turns the corner, gears up for competition
Studio 23, the UHF channel affiliate of ABS-CBN Broadcasting Corporation, posted profits of P25.8 million in the first half of the year, a turnaround from the full-year loss of P75.2 million incurred in 1998.

ABS-CBN International to Launch TFC in Australia
Following the success of its premium service, The Filipino Channel (TFC), in the US, ABS-CBN International, Inc. (ABS-CBNI) is planning to launch a separate Asian TFC service, starting with Australia and Japan. ABS-CBNI distributes television programs of ABS-CBN Broadcasting Corp. abroad. The programs are delivered through direct-to-home (DTH) satellite systems, cable television systems and blocked time on television stations.

Bank Customers Can Rely on CIS Data Center BRS
If customers of banks and other financial institutions are assured of continuous service in what may be called an age of disaster, it could be in part due to the business recovery services (BRS) offered by Corporate Information Solutions, Inc. (CIS) Data Center.

SSS Taps CIS for Y2K Remediation

Employees need not worry about disruption in their monthly contributions, pensions and loans now that Social Security System (SSS) is Y2K ready. Corporate Information Solutions (CIS), the Lopez IT flagship, recently completed the Y2K remediation project of SSS.

Star Cinema sees 16% More Revenues: Local Movies Prospering with 50% Tax Cut
Star Cinema Productions, Inc., a 45%-owned affiliate of ABS-CBN Broadcasting Corp., believes the local movie industry will experience unprecedented growth with the proposed reduction of the amusement tax from 30% to 15% of gross ticket sales. Star Cinema chief finance officer Beverly Fernandez expects the tax cut to be approved by Congress next year.

Bayan Water bags first project
Bayan Water Services, Inc., a newly formed subsidiary of Benpres Holdings Corp. and Montgomery Watson New Zealand Ltd., has confirmed the 15-year lease of the Magdalena, Laguna water system, in an amount totaling over P70 million.

Lopez bats for nationwide coverage for BayanTel
Posted on August 23, 1999

BAYAN Telecommunications, Inc. vice-chairman Eugenio Lopez III today (18 August) called on the government to reward compliant carriers with authority to operate nationwide as it studies what penalties to impose on carriers who failed to meet their rollout commitments.

BBayanTel bonds oversubscribed, EBITDA improves
Four big institutions led investors who anchored bids for the US0 million-senior notes issued by Bayan Telecommunications, Inc. (BTI), the telecoms unit of the Benpres Group, resulting in an oversubscription. Lehman Brothers and Bear Stearns, joint lead managers and bookrunners of the debt issue, listed 45 international funds wanting to take up to US0 million in bonds. US houses Huff, Alliance Capital, Miller Anderson and Loomis Sayles were primary subscribers to the float.

Benpres enhances value with strategic moves
Benpres Holdings Corp. expects better profits this year, on the back of strategic value-enhancing measures. The Company will book a significant one-time gain from the sale of its stake in PCIBank.

PCIBank shares for sale
Bayan Telecommunications, Inc. (BayanTel) offers total data communications solutions through BayanLink Data Services. BayanLink is currently the country's best choice for voice, data and video transmission requirements. Being the only carrier that can truly deliver superior connectivity, BayanTel gives customers utmost flexibility and expansive reach.

Gina Lopez receives UNESCO Kalinga Prize for '98

Regina Paz Lopez, managing director of ABS-CBN Foundation, shared the UNESCO Kalinga Prize for 1998 with Brazil-based Italian physicist Ennio Candotti in awards rites recently held in New Delhi. The UNESCO Kalinga Prize - established in 1951 -- is presented annually in recognition of the awardee's "outstanding contribution to the interpretation of science and technology to the general public.

ABS-CBN declares cash dividend

The board of directors of ABS-CBN Broadcasting Corp. declared a cash dividend of P0.40 per share for stockholders of record as of April 15 and payable on May 14, 1999. ABS-CBN shares trade ex-cash on April 8. The annual stockholders' meeting of the company is set for May 3. Stockholders as of April 5 are entitled to attend and vote at the meeting.

Secretary Araneta in new salvo for domestic tourism
Tourism Secretary Gemma Cruz-Araneta will launch on March 19 the first comprehensive domestic tourism network in the country organized by the Lopez Group. Ms. Araneta will lead ceremonies to mark the start of operations of an internet website, reservation system and cable television travel channel all strictly devoted to the promotion of Philippine destinations.

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Lopez Holdings Corporation (formerly Benpres Holdings Corporation)
4/F Benpres Building, Exchange Road, 1605 Pasig City, Philippines

  • Trunkline: (632) 449-2345
  • Fax: (632) 634-3009
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