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.
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.
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.
Shell Pilipinas Corp. (SPC) will keep its 2026 capital spending budget at around P2 billion to P3 billion, with most of the funds allotted for upgrading import terminals and fuel infrastructure nationwide.
Malacañang on Monday signaled that the proposed UPLIFT Bill is being considered a key economic relief measure under President Ferdinand Marcos Jr.’s administration, aiming to bolster social protection programs amid rising fuel prices and global uncertainties.
Ayala Land, Inc. is accelerating its presence in Cebu with three major mixed-use estates, signaling a bold move to capture the province’s next wave of tourism, commercial, and urban growth.