corporation lopez group of companies type public industry various conglomerate founded 1928 ; 88 years ago 1928 founder eugenio lopez sr. headquarters ortigas center pasig city manila philippines key people oscar m. lopez chairman emeritus manuel m. lopez chairman and chief executive officer eugenio gabby l. lopez iii vice chairman of the board of director federico rufino lopez treasurer & comptroller member of the board of directors revenue us 537 million 2013 operating income us 99.27 million 2013 net income us 24.27 million 2013 total assets us 6.67 billion 2013 total equity us 3.09 billion 2013 parent lopez inc. 52.6 % subsidiaries abs cbn corporation sky cable corporation manila electric company first philippine holdings corporation first gen corporation first philec corporation first philippine industrial park rockwell land corporation website lopezlink.ph www.lopez holdings.ph the lopez group of companies also known as the lopez holdings corporation is a filipino business conglomerate owned by the l pez family of iloilo . oscar m. l pez is the chairman emeritus and his brother manuel m. l pez is the current chairman and chief executive officer of the l pez group . it was first established by eugenio lopez sr. and later run by his eldest son eugenio lopez jr. formerly known as the benpres holding corporation and first listed on the philippine stock exchange in 1993 . lopez holdings is a major player in the public service and utilities sector in the philippines and serves as the lopez family s holding company for investments in major development sectors such as broadcasting and cable ; telecommunications ; power generation and distribution ; manufacturing ; and property development . it added to its portfolio investments in other basic service sectors but has also since sold its interest in banking toll roads information technology and health care delivery . lopez holdings corporation is majority owned by the lopez inc. a private holding and investment entity of the l pez family . contents 1 businesses 1.1 media and telecommunications 1.2 power and energy 1.3 power generation 1.4 power distribution 1.5 real estate 1.6 infrastructure 1.7 manufacturing 2 other businesses of the lopez group 3 social responsibility foundations and initiatives 4 former businesses 5 references 6 further reading businesses edit media and telecommunications edit abs cbn corporation formerly abs cbn broadcasting corporation a publicly listed company and the country s largest media conglomerate . it is currently involve in broadcast radio and television as well as cable television skycable creative communications inc. television programming films publishing licensing and websites . its flagship television station abs cbn tv 2 manila is one of the leading television stations in the country and is available worldwide through the filipino channel . lopez holdings owns 57.24 % of abs cbn corporation as of 2014 . sky vision corporation is a holding company incorporated on march 25 1991 with the primary purpose of owning controlling stocks on sky cable corporation . it started commercial operations on february 1 1992 . it is owned 55 % by abs cbn corporation 5 % by lopez holdings corporation and 40 % by sampaquita communications pte. ltd. 1 sky cable recently acquires the destiny s cable inc. and also sky cable plans ipo for expansion according to mr. eugenio lopez iii . power and energy edit first philippine holdings corporation first philippine holdings corporation first holdings is a holding company whose core businesses are in power generation and distribution with strategic initiatives in manufacturing property and infrastructure . lopez holdings owns 46.6 % of fphc as of december 2011 . power generation edit first gen corporation is the holding company of first holdings in power generation and energy related businesses . first holdings owns 76 % of first gen. first gas holdings corporation first gas holdings corporation fghc is the holding company for the development of gas fired power plants and other non power gas related businesses . fghc is now a wholly owned subsidiary of first gen after the sale of the 40 % interest of bg philippines holdings inc. this year . fgp corp. fgp is now a wholly owned subsidiary of first gen after the sale of the 40 % interest of bg philippines holdings inc. this year . fg hydro power corporation first gen hydro power corporation fg hydro was incorporated as a wholly owned subsidiary of first gen. fg bukidnon power corp. first gen renewables inc. fgri formerly known as first philippine energy corporation was established in 1978 to develop prospects in the renewable energy market . first gen owns 100 % of fgri . energy development corporation energy development corporation edc established in 1976 accounts for more than 60 % of the country s installed geothermal capacity . its plants are located in the provinces of leyte negros oriental negros occidental bicol and north cotobato . n november 2007 first gen corporation bid for and won a 60 percent economic stake in edc . as of 2011 first gen owns over 46 % of edc . power distribution edit meralco previously manila electric company bought in 1962 and developed into a power distributing company . first holdings now owns approximately 3.9 % stake in the company after selling an additional 2.66 % stake to beacon electric asset holdings beacon early this year . fphc still have one 1 meralco board seat . now owned by manny pangilinan who owned the rivalry network of abs cbn tv 5 peco panay electric company first holdings entered into a joint venture with the panay electric company inc. peco in march 1996 for the construction of a us 72 million diesel fired power plant in iloilo city . first holdings acquired a 30 percent equity in peco . in turn peco subscribed to a 30 percent equity interest in panay power corporation . first holdings currently owns 30 % of peco . real estate edit rockwell land corporation rlc a high end real estate development corporation initially tasked to developed the rockwell center in makati city . rockwell land was established in 1995 . fphc now owns 85 % of rockwell land after buying the shares of mpic and smc groups in rockwell land . 2 first philippine industrial park first philippine industrial park fpip is a 315 hectare industrial estate . fpip is a joint venture with sumitomo corporation of japan which owns 30 % while first holdings owns 70 % formed in 1996 to develop an industrial park located in sto . tomas batangas . first philippine realty corp. formerly known as inaec development corporation . it is primarily engage in the acquisition disposal or lease of real and personal property . fprc is a wholly owned subsidiary of first holdings . terraprime inc. incorporated in may 2011 terraprime inc. tep is a co venture between first balfour and estuar development corporation esdc . the company is engaged in real estate development and has the facilities personnel and technical expertise required for overall management and development of condominiums as well as for the sale and marketing of completed condominium units . 3 infrastructure edit first balfour inc. is one of the country s largest engineering and construction companies today with 40 years in business . first balfour inc. is a wholly owned subsidiary of first holdings . first philippine industrial corp. owns and operates the sole largest commercial oil pipeline in the country transporting crude and refined petroleum products from batangas to metro manila . fpic is 60 % owned by first holdings in partnership with shell petroleum co. ltd. uk which owns 40 % . manufacturing edit first philippine electric corp. first philec philippine electric corporation philec first electro dynamics corporation fedcor first philippine power systems inc. fpps first sumiden circuits inc. fsci first sumiden realty inc. first philec solar corporation other businesses of the lopez group edit asian eye institute bayad center securities transfer services inc. stsi adtel inaec aviation corporation 4 social responsibility foundations and initiatives edit lopez group foundation abs cbn foundation inc. bantay bata 163 eugenio lopez foundation formed in 1968 to give access to a private collection of books artworks and artifacts the lopez memorial museum the oml center for climate change adaptation and disaster risk management foundation first philippine conservation formed in 1999 to support conservation international philippines knowledge channel foundation meralco millennium foundation 71 dreams foundation headed by fr . tito caluag s.j. ; it was formed to assist the families of the wowowee stampede . save the la mesa watershed save the pasig river lopez lifelong wellness abs cbn bayan foundation formerly abs cbn bayan microfinance former businesses edit bayan telecommunications holdings corporation bayan holdings owns bayan telecommunications one of the telecommunications company in the philippines providing a full range of services which includes local exchange domestic long distance international long distance data and payphone services . as of may 2011 lopez holdings held 47.3 % bayan holdings . in 2013 ayala led globe telecom took over 98 % of bayantel via a debt to equity deal . maynilad water services joint venture between benpres holdings corporation and ondeo water services inc. formerly suez lyonnaise de eaux . benpres left the joint venture in 2006 in order to settle a debt of us 150 million . the medical city in april 2008 benpres sold its entire 18 % stake in the medical city to lombard for php600 million . tollways in 2008 first philippine infrastructure development corporation and manila north tollways corporation were sold to metro pacific investments corporation . philippine commercial international bank a joint venture between benpres and the jg summit holdings . both sold their shares in 1999 to the sss and gsis which gave way to the equitable banking corporation philippine commercial international bank merger which formed equitable pci bank and was eventually bought by banco de oro universal bank becoming bdo epci inc. and finally deciding the name to bdo unibank . references edit http www.sttelemedia.com nmanagerpro assets pressrelease abs cbn % 20and % 20lopez % 20holdings % 20complete % 20pdr % 20sale % 20to % 20sttc.pdf http www.e rockwell.com grove press release article 250043 http www.terraprime.ph about terraprime iloilo negros air express the lopez family its origins and genealogy edited and introduced by oscar m. lopez 1 phoenix the saga of the lopez family by raul rodrigo the power and the glory the story of the manila chronicle 1945 1998 lopez holdings corporation official corporate website lopez family values philanthropy in the philippines as published in the synergos institute s global giving matters lopez link the monthly newsletter of the lopez group of companies further reading edit lopez link the official online newsletter of the lopez group of companies in the philippines 2 lopez holdings corporation at 20 a parent to conglomerates oscar m. lopez on turning 80 years old oscar m. lopez timeline living life well oscar m. lopez show me the numbers international association of business communicators iabc philippines 2010 lifetime achievement award in communication excellence in organizations the lopez group corporate social responsibility magna carta the lopez family story undaunted as seen through the eyes of oscar m. lopez the lopez values the man in the frame webcomic series about the life of lopez group founder eugenio h. lopez sr. v t e lopez group parents lopez inc. lopez holdings corporation key figures eugenio lopez sr. eugenio lopez jr. eugenio lopez iii fernando lopez media and telecommunications abs cbn corporation abs cbn convergence sky cable corporation energy first philippine holdings corporation power generation first gen corporation first gas holdings corporation fgp corp. fg hydro power corporation fg bukidnon power corp. bauang private power corporation energy development corporation power distribution panay electric company property rockwell land corporation first philippine industrial park first philippines realty corp. terraprime inc. infrastructure first balfour inc. first philippine industrial corp. manufacturing first philec philec first electro dynamics corporation first philippine power systems inc. first sumiden circuits inc. first sumiden realty inc. first philec solar corporation others asian eye institute bayad center securities