Lopez Holdings

 

Remarks of Ambassador Manuel M. Lopez, chairman and CEO, at the Lopez Holdings Corporation Annual Stockholders' Meeting on June 8, 2017
Power Plant Mall Cinema 6, Rockwell Center, Makati City

Fellow stockholders:

The country’s gross domestic product (GDP) increased by 6.8% in 2016, once again driven by capital formation which grew by 20.8%. Although the industry sector grew by 8.0%, our economy remains driven by services, as industry accounted for only 33.8% of total GDP. The services sector grew by 7.5% and accounted for 57.5% of GDP.

What this tells us is that the country’s commercial sector will likely continue to drive energy demand, which has been very much the same case as in the previous 20 years. Therefore, it is incumbent on the business sector to continue investing in sustainable enterprises that support the nation’s path to progress. 

This is why the major investees of Lopez Holdings Corporation, namely First Philippine Holdings Corporation (FPH) and ABS-CBN Corporation, continue to pursue strategies to help build the nation in better ways. 

First Gen Corporation (First Gen), a unit of FPH, inaugurated two new natural gas-fired power plants, increasing its ability to generate power with the least possible impact to the environment. FPH is continually exploring ways to meet our country’s energy requirements in a manner that will best conserve our natural resources, as well as empower the communities that provide manpower to its endeavors. 

Meanwhile, ABS-CBN Corporation quickly moved into the digital space, with innovative offerings that expand ABS-CBN’s reach beyond the TV screen. By making content accessible across a variety of platforms, ABS-CBN is carefully laying the foundations for rich, experiential encounters with its audiences, who support its world-class TV, film, music and event offerings, as well as its home-grown artists who have become formidable brands with solid social media following.

All these initiatives take into account the current needs of our customers across various segments of society, as well as our other stakeholders. Our stakeholders include not only the people surrounding the areas where our businesses operate, but also future generations who will need the same resources we are using to deliver much-needed services now. 

Going forward, we renew our commitment to our people’s aspirations for a better life, a better country, and a better future. As the country stays on track to achieve inclusive growth in the medium term, our investments will continue to support developmental requirements for energy, infrastructure and property development, as well as for connectivity, communication and information, in better ways. 

With our population estimated at 103.9 million as of the end of 2016, the demand for basic necessities will further rise. Through our associated companies, we will continue to search for better ways to deliver our commitments to customers. We will choose sustainable ways to produce power; connect with loved ones across our many islands and overseas; and inspire with top quality content that will bring out the best in every Filipino, young or old alike.

The board of directors, management and staff of Lopez Holdings thank you for your confidence in us. 

Good morning.

 

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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