Federico “Piki” Lopez has welcomed decision by the majority shareholders of Lopez Inc. to abandon efforts to remove him as president and chief executive officer, describing the move as the potential breakthrough in a long-standing family dispute. In a statement on Friday, May 15, Lopez said the...
International Finance Corp. (IFC) is preparing what could become its first securitization deal in the Philippines backed by small and medium enterprise (SME) loans, as the World Bank Group’s (WBG) private-sector lending arm ramps up efforts to expand access to financing for underserved businesses...
Lopez-led First Gen Corp. is betting that its ₱50 billion partnership with billionaire Enrique Razon Jr. will provide the scale necessary to insulate local grid from volatile energy markets, defending the sale of its majority stake in the natural gas portfolio as a move to prioritize cheaper...
For 10 days, four astronauts recently orbited the Moon aboard NASA’s Artemis II—the first crewed mission under its human deep space exploration program—and worked in space, relying on meals that are nutritious and easy to prepare such as rehydrated shrimp cocktail, brisket, mac and cheese....
The majority faction of the Lopez family has escalated its corporate battle for control of their business empire, claiming to have uncovered a third “poison pill” provision designed to entrench First Philippine Holdings Corp. (FPH) Chairman and Chief Executive Officer Federico “Piki” R....
Two independent directors of Lopez Holdings Corp. have resigned from the seven-member board as the bitter leadership struggle within one of the Philippines ' most powerful dynasties threatens to paralyze the conglomerate’s governance. In a disclosure to the Philippine Stock Exchange, Lopez...
First Gen Corp. solidified a ₱23.5 billion “poison pill” provision just one week after the Lopez family board moved to oust the company’s chief executive officer, newly revealed regulatory filings showed. In a disclosure to the Philippine Stock Exchange on Monday, May 4, the power producer...
The Social Security System (SSS) said it remains confident in the stability of First Gen Corp. even as a deepening rift within the Lopez family triggers calls for a leadership change and a government probe into “poison pill” provisions at the country’s largest renewable energy producer....
Manila Electric Co. (Meralco) is keeping the door open for the Sta. Rita natural gas plant to participate in future supply auctions even as its long-term contract with the utility nears its conclusion. Ronald Valles, Meralco senior vice president and head of regulatory management, said First Gas...
The controlling faction of the Lopez family is calling for a formal government inquiry into “poison pill” provisions at First Gen Corp., alleging the measures protect the tenure of President and Chief Executive Officer Federico R. Lopez, at the expense of state pension funds and international...
Nearly 80,000 teachers around the country have so far been promoted under the Expanded Career Progression (ECP) System, President Marcos said. "Simula noong Agosto 2025 hanggang ngayon, halos walumpung libong teacher – 79,230 teachers at school head sa buong bansa ay na-promote na sa ilalim...
CEBU CITY – To address growing demand, a leading renewable energy (RE) provider is expanding their footprint in Cebu. Officials of First Gen Corp. said they are ramping up their electricity supply business and clean energy solutions in the province where they currently serve 79 customers,...
