Lopez Holdings



FPHC 24% increase in recurring earnings
First Philippine Holdings Corporation's (First Holdings) recurring income for the nine-months ending September 30, 2007 was higher byP713 million or 24% compared to 2006. The strong performance was mainly due to its power generation business.

FPHC raising funds and capital
First Philippine Holdings Corporation's (FPHC) main agenda for its Special Stockholders' meeting is the ratification of the Board of Directors' approval of an amendment to Article Seventh of its Articles of Incorporation. Under the proposed amendment, the authorized capital stock of FPHC will be increased to Thirty-Two Billion One Hundred Million (P32,100,000,000.00) from Twelve Billion One Hundred Million (P12,100,000,000.00).

SkyCable spurs cable TV rise in RP
With the rising consumer power in the Asian region, the entertainment and media markets are experiencing tremendous growth. While the US still holds about 40-50% of the global market, the burgeoning entertainment business in Asia is closing in. Analysts predict that Asia will continue to be the major growth area for the industry in the next few years, with the continued rise of entertainment consumption predicted to produce millions more of voracious television viewers in the next five years.

Purchase of Union Fenosa shares
In its meeting today, the First Philippine Holdings Corporation (FPHC) board elected former Chief Justice Artemio Panganiban as a new independent director. He replaces Mr. Angel S. Ong, Benpres president and COO, who resigned to give way to Mr. Panganiban.

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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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