Tag: Lopez Inc.

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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.

Lopez Inc majority seeks audit amid investment questions

Corporate Context.ph Context.ph -
The majority bloc of Lopez, Inc., led by Eugenio Lopez III, has called for an audit of the privately-held family holding firm’s books, escalating tensions over recent high-value transactions involving key energy assets.

Lopez rift deepens over First Gen deal with Prime Infra

Corporate Context.ph Context.ph -
A long-simmering family dispute at Lopez Inc. has erupted into a full-blown governance battle, after shareholders aligned with Eugenio Gabriel “Gabby” Lopez III voted to remove Federico “Piki” Lopez as president and chief executive officer of the privately-held investment holding company, citing a breakdown in trust tied to undisclosed multibillion-peso transactions.

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Employers seek better PhilHealth benefits

Education, Health & Science 0
The Employers Confederation of the Philippines (ECOP) has backed Executive Secretary Ralph Recto's call for the Philippine Health Insurance Corp. (PhilHealth) to enhance benefit packages for direct contributors, saying workers and employers who consistently pay into the national health insurance system deserve better value and more meaningful protection.

Alex Eala serves up another victory beyond tennis

Sports & Entertainment 0
Fresh from her breakthrough run at Wimbledon, the 21-year-old tennis star stepped into Malacañang on Monday, where President Ferdinand R. Marcos Jr. traded Centre Court for the Palace and presented her with a Presidential Citation, recognizing a young athlete who has become one of the Philippines' brightest sporting ambassadors.

Angat Dam still below target levels despite recent Luzon rains

Environment 0
The Angat Dam’s water level remains below ideal marks even after heavy rains hit Luzon over the past week, the National Water Resources Board (NWRB) confirmed on Monday. Speaking at the Bagong Pilipinas public briefing, NWRB executive director Dr. Sevillo David Jr. noted the level rose slightly to 156.07 meters thanks to the southwest monsoon, but this is still the lowest reading recorded at the dam since 2010. He said the dam has yet to hit the 160-meter critical level, and ideally needs to reach the 180-meter minimum operating level, adding the agency is counting on more rainfall in Bulacan in the coming days to boost supplies. Angat Dam provides most of the raw water used by Metro Manila and nearby provinces, distributed by concessionaires Maynilad and Manila Water.

Gov’t launches pioneer white hydrogen search in Pangasinan

Energy & Mining 0
The Department of Energy (DOE) has confirmed that Koloma Inc. has begun formal surveys and studies to verify if commercially viable amounts of naturally occurring hydrogen exist in Pangasinan. Koloma holds Service Contract No. 84 covering a hydrogen resource area in the province, and also operates the adjacent Service Contract No. 83 that spans parts of Zambales.

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