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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Aboitiz deepens Vietnam push across key sectors

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The Aboitiz Group is ramping up its Vietnam expansion, leveraging investments in energy, food security, and infrastructure as economic ties between Manila and Hanoi gain momentum under a deepening bilateral partnership.

Senator Estrada claims politics behind plunder case

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Senator Jose 'Jinggoy' Estrada on Monday maintained his innocence in the plunder charges filed against him, alleging that the case is part of a political effort to weaken the Senate bloc aligned with Vice President Sara Duterte. Estrada claimed he had received several offers to have the plunder and graft cases dropped if he agreed to leave the new Senate majority coalition but rejected them. Estrada said he cannot sacrifice the independence of the Senate to improve my personal circumstances. The beleaguered lawmaker framed the plunder case as an assault on the autonomy of the Senate, which “must remain free from political coercion, free from undue influence, and free from any scheme designed to weaken its constitutional role as a co-equal and independent branch of government.”

Senator Jinggoy Estrada arrested; no bail recommended

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Interior Secretary Jonvic Remulla said he led the police on Monday to arrest Senator Jose 'Jinggoy' Estrada at the Senate following the issuance of an arrest warrant in a plunder case, despite objections from Senate leaders. Remulla said authorities moved swiftly to enforce the warrant to avoid a repeat of the escape of Senator Ronald 'Bato' dela Rosa. He noted that the Sandiganbayan did not recommend bail for Estrada and four co-accused. Former Public Works Secretary Manuel Bonoan has surrendered to authorities but was taken to a hospital for medical treatment, Remulla added.

Prices slash across all fuels; PH plans regional reserves with Japan’s help

Energy & Mining 0
The Department of Energy (DOE) confirmed this week will see broad price rollbacks, with reductions starting at P4.76 per liter for gasoline, P9.26 for diesel, and P10.86 for kerosene.

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