Lopez Holdings



Lopez family denies deal with GMA
The Lopez family today strongly denied persistent reports that they had reached some kind of deal with President Arroyo in relation to Meralco and Maynilad and Sen. Noli de Castro running with her for vice president.

Court gives way to Maynilad rehab petition
Benpres Holdings Corporation was informed by Maynilad Water Services, Inc. (Maynilad) that Branch 90 of the Quezon City Regional Trial Court has issued a Stay Order in relation to its petition for corporate rehabilitation. 

Statement of Oscar M. Lopez on the decision of the Arbitration Panel
Maynilad Water Services, Inc. chairman Oscar M. Lopez, who is currently out of the country, issued the following statement on the decision of the Arbitration Panel to declare that there is no Event of Termination:

Backgrounder on Arbitration Panel rules on MWSS-Maynilad dispute
On November 7, 2003, the arbitration panel, consisting of Mr. Alan Philip, a known arbitrator from Copenhagen, Justice Bernardo P. Pardo, a retired Supreme Court justice, and Atty. Antonio Picazo, a renowned corporate lawyer in the Philippines, issued a decision on the arbitration proceedings between Metropolitan Waterworks and Sewerage Systems (MWSS) and Maynilad Water Services, Inc. (Maynilad).

fThe Philippines is like the 'Titanic'-Lopez patriarch says population growth can sink the country
Comparing the Philippines to the Titanic, Lopez Group chairman Oscar M. Lopez yesterday said the Philippines must address the complex problems brought about by a burgeoning population if it is to play catch-up in the Asia Pacific economic race.

GMA opens the 8-km North Luzon Expressway (NLE) segment in Pampanga
President Gloria Macapagal-Arroyo inaugurates today the completed 8 kilometer stretch of the northbound lanes of the Candaba-San Simon segment of the North Luzon Expressway. Symbolizing the partnership of government and private sector in working together to provide the road infrastructure which is expected to boost socio-economic growth in central and northern Luzon, President Arroyo joins Manila North Tollways Corporation Chairman Oscar M. Lopez, MNTC President / CEO Jose "Ping" De Jesus and Sec. Marita M. Jimenez of the Presidents Priority Programs and ODA Projects in the inaugural drive through to test the quality and ride of the newly constructed carriageway.

Benpres posts revenues of P4 billion in 1h/03
Benpres Holdings Corporation posted revenues of 4.153 billion in the first six months of 2003 compared to 838 million in the same period last year. Net sales and services grew 13x to 2.780 billion as this is the first time in which Maynilad Water Services, Inc. (Maynilad Water)is reporting as operating company. The Maynilad Water account was pre-operating in prior periods. The similar increases in general and administrative expenses (7x to 1.325 billion) and costs of sales and services (17x to 2.076 billion) are also the result of this operation. Net income for the period stood at 43 million versus a net loss of 80 million in the first six months of 2002.

Benpres Statement on Bayantel rehab
Benpres Holdings Corporation (BHC) today disclosed that Bayan Telecommunications, Inc. (Bayantel), a subsidiary of BayanTelecommunications Holdings Corporation, received a copy of an order from the Regional Trial Court of Pasig City, Branch 158 regarding a petition for the corporate rehabilitation of the telecommunications firm.

Beyond Cable Disputes Charges of Monopoly and Signal Distortion
Beyond Cable Holdings Inc. has denied charges of monopoly and signal distortion made by GMA Network Inc. Beyond Cable was organized to consolidate shareholder interests in Central CATV Inc. (SKYCable), Philippine HomeCable Holdings Inc. (HomeCable) and 51% of Pilipino Cable Corporation (PCC).

Metro Manila survey shows drop in off-air broadcast channel viewers across all cable TV subscribers
The audience share of off-air broadcast channels among cabled homes declined in the last two months as cable TV subscribers switched viewership to cable channels, especially those offering 24-hour news, like ABS-CBN News Channel.

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Lopez Holdings Corporation 
16/F North Tower, Rockwell Business Center Sheridan, Sheridan St. corner United St., 1550 Bgy. Highway Hills, Mandaluyong City, Philippines

  • Trunkline: (632) 8878 0000
  • Fax: (632) 8878 0000 ext 2009
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