Benpres Holdings - AbsoluteAstronomy.com

The Lopez Group of Companies is a Philippines

Philippines

The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...

business conglomerate owned by the López family of Iloilo

López family of Iloilo

The López family of Iloilo are a wealthy and influential dynasty of business owners, politicians, and philanthropists in the Philippines. They trace their origins to Basilio López, a trader of Chinese origin who adopted the López surname and became district mayor of Jaro, Iloilo City, in 1849 ....

. Oscar M. Lopez is the Chairman Emeritus and his brother Manuel M. Lopez is the current Chairman and Chief Executive Officer of the Lopez Group. It was first established by Eugenio Lopez, Sr.

Eugenio Lopez, Sr.

Don Eugenio Lopez, Sr. was founder of the Manila Chronicle and Chronicle Broadcasting Network.-The Story:"I remember during World War II, when we were hiding from the Japanese in the mountains of Dingle in Iloilo, he contracted a husband and wife teacher team to keep us abreast of our studies...

, and later run by his eldest son, Eugenio Lopez, Jr.

Eugenio Lopez, Jr.

Eugenio Lopez, Jr. , popularly known as Geny and Kapitan, was the Chairman Emeritus of ABS-CBN Broadcasting Corporation.-Early life and career:...

The current listed flagship company of the Group is Lopez Holdings Corporation (formerly Benpres Holding Corporation), which was first listed on the Philippine Stock Exchange

Philippine Stock Exchange

The Philippine Stock Exchange is the national stock exchange of the Philippines. It is one of the oldest stock exchanges in Southeast Asia, having been in continuous operation since its inception in 1927...

in 1993. Lopez Holdings is a major player in the public service and utilities sector in the Philippines.

Parent Companies

Lopez Inc. - is a private holding company of the Lopez Family which owns 52.6% of Benpres Holdings Corporation which will be renamed as Lopez Holding Corporation after the approval of the stockholders during their annual stockholders meeting this June 2010. Headed by Presentation Lopez-Psankis.

Lopez Holdings Corporation (formerly Benpres Holdings Corporation) - Lopez Holdings was incorporated in 1993 by the Lopez family to serve as the holding company for investments in major development sectors such as broadcasting and cable; telecommunications; power generation and distribution; and banking. It added to its portfolio, investments in other basic service sectors but has since sold its interest in banking, toll roads, information technology, property development and health care delivery. Lopez Inc. holds 52.6% of Lopez Holdings Corporation.

Media and Telecommunications

ABS–CBN Corporation - is in the business of producing entertainment, news and information programs and in the continuous adoption of breakthrough technology to deliver these to its audiences not just in the Philippines, but globally through The Filipino Channel
The Filipino Channel
The Filipino Channel is an international television station owned by the Philippine-based multimedia conglomerate ABS-CBN Corporation. The network is currently available in Asia Pacific, Australia, Canada, Europe, Middle East, and the United States. It has over two million subscribers in these...

. This content is distributed primarily in the Philippines through its flagship station ABS-CBN Channel 2. Last May 2010, the board of directors and stockholders of ABS-CBN Broadcasting Corporation approved the dropping of "broadcasting" to its corporate name and changing it to ABS-CBN Corporation.

Sky Vision Corporation - or SkyCable
SkyCable
SkyCable is a direct-to-home cable TV subscription service and the largest cable company in the Philippines. It is established by the Lopez and Central CATV group of companies, and one of ABS-CBN Corporation subsidiaries. In January 1990, SkyCable was founded and started its CATV operation on...

was incorporated on March 25, 1991 and started commercial operations on February 1, 1992. The economic interest of Benpres in Sky Vision stood at 65.3% as of December 31. 2008. Sky Vision owns and operates cable television service providers which offer the brands SKYcable and SunCable, as well as internet and VOIP services under SKYbroadband and SKYvoice. The major cable companies under Sky Vision are Sky Cable Corporation (formerly Central CATV, Inc.) for Metro Manila and Pilipino Cable Corp. for 22 provincial systems nationwide.

Bayan Telecommunications Holdings Corporation (Bayan Holdings) - owns Bayan Telecommunications
Bayan Telecommunications
Bayan Telecommunications, Inc. is a telecommunications company serving areas in Metro Manila, Bicol and local exchange service areas in the Visayas and Mindanao regions combined cover a population of over 25 million, nearly 33% of the population of the Philippines.Its operating units in the...

, 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 services and payphone services. As of December 31, 2008, Benpres held 69.1% Bayan Holdings.

Power and Energy

First Philippine Holdings Corporation
First Philippine Holdings Corporation
First Philippine Holdings Corporation is a holding company whose core business is power generation and distribution with strategic investments in manufacturing and property...

- 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.

Power generation

First Gen Corporation - is the holding company of First Holdings in power generation and energy related businesses. First Holdings owns 67% 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 60% owned by First Gen and 40% owned by BG Consolidated Holdings (Philippines) Inc.
FGP Corp. - FGP is 60% owned by Unified Holdings Corp. of First Gen. and 40% owned by BG Philippines Holdings, Inc.
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.
Bauang Private Power Corporation- First Private Power Corp. (FPPC) was established in 1992 to engage in power generation as an independent power producer. FPPC is 40% owned by First Gen. Today, it owns 93.25% of Bauang Private Power Corporation (BPPC).
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.

Power distribution

Meralco (previously Manila Electric Company) - bought in 1962, and developed into a power-distributing company. First Holdings, now owns 6.7% stake in the company after selling it's 26.6% stake to Pangilinan's led-MPIC and Pilipino Telephone Corp. last year.
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.

Property

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. It is currently owned by Meralco (51%) and First Holdings (49%). First Holdings is in talks with the Meralco for the purchase of additional stake in RLC.
First Philippine Industrial Park - First Philippine Industrial Park (FPIP) is a 315-hectare industrial estate. FPIP is a joint venture with Sumitomo Corporation
Sumitomo Corporation
Sumitomo Corporation is one of the largest worldwide trading company , and is a diversified corporation. Sumitomo is headquartered in the Harumi Island Triton Square Office Tower Y in Chūō, Tokyo, Japan...

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.

Infrastructure

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

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

Bills Payments

CIS (Corporate Information Solutions) Bayad Center, Inc. - (CBCI) Originally known as the Payment Collection Service, a division of Corporate Information Solutions, Inc. (CIS) in May 1997. Originally intended for accepting payments for Lopez companies and affiliates, it eventually catered other companies and services as well.

Social responsibility foundations and initiatives

Lopez Group Foundation
ABS-CBN Foundation, Inc.
ABS-CBN Bayan Foundation - formerly ABS-CBN Bayan Microfinance
Bantay Bata 163
Bantay Bata
Bantay Bata 163 is a social welfare program of the ABS-CBN Foundation. Launched in 1997, it aims to protect disadvantaged and at-risk children through a nationwide network of social services...
Don Senen Gabaldon Foundation
Eugenio Lopez Foundation - formed in 1968 to give access to a private collection of books, artworks, and artifacts
The Lopez Memorial Museum
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

Former businesses

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 entire its 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 Investment 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.