Tag: First Gen

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Lopez Inc. shareholders cite governance lapses, not family feud

Corporate Context.ph Context.ph -
Serious lapses in corporate governance, not a lingering family feud as some would have it, drove the decision to remove Federico “Piki” Lopez as president and chief executive officer of Lopez Inc., according to controlling shareholders.

SEC, PSE urged to intervene on Lopez power

Corporate Context.ph Context.ph -
A deepening corporate power struggle inside one of the Philippines’ most influential business families has escalated into a regulatory flashpoint, with the controlling shareholders of Lopez Inc. calling for an official probe into alleged disclosure lapses tied to major energy transactions and so-called "poison pill" provisions.

Lopez feud sparks fight over costly poison pill

Corporate Context.ph Context.ph -
A widening family rift inside Lopez Inc. is escalating into a high-stakes corporate battle over provisions that could force listed power generation firm First Gen Corp. to sell key energy assets at a steep discount, potentially wiping out nearly P24 billion in value.

First Gen flags control clause in Prime Infra deal

Corporate Context.ph Context.ph -
First Gen Corp., the power generation arm of the Lopez Group, said its definitive agreements with Prime Infrastructure Capital, Inc. (Prime Infra) include change-of-management control provisions that could trigger discounted asset sales, worth a total P23.5 billion, if leadership conditions are not met during a defined period.

Lopez Holdings profit jumps on power, one-off gains

Corporate Context.ph Context.ph -
Lopez Holdings Corp., the listed investment holding company of the Lopez Group, nearly doubled its earnings in 2025, buoyed by strong core businesses and a pair of strategic deals that delivered a timely boost to the bottom line.
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American marine biologist killed in Negros Oriental

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American marine biologist Kent Edward Carpenter was shot dead during a robbery at his home in Sibulan, Negros Oriental, police said. Three masked men allegedly broke into the 73-year-old's residence late Sunday, with one suspect fatally shooting Carpenter while the others assaulted his Filipina companion and stole valuables. No arrests have been made. Authorities have formed a special investigation task group and are pursuing robbery, professional and personal motives. Carpenter was a renowned marine biologist and an expert witness in the Philippines' South China Sea arbitration case. This is the 10th anniversary of the WPS ruling. (Marjohara Tucay)

Philippines powers ahead as AI adoption accelerates

Communications & Technology 0
The Philippines is quickly carving out a place as one of Southeast Asia's most enthusiastic adopters of artificial intelligence, with Filipinos increasingly using Google's Gemini for work, creativity and customer service rather than just casual online queries.

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