SM INVESTMENTS CORP.

Owner Name:
Ms. Teresita Sy Coson

Short History:
SM Investments Corporation is the publicly listed holding company of the SM Group
consisting of core businesses that are dominant in retail merchandising, mall operations
and banking; and a fast growing presence in property development. The SM Group was
founded by Henry Sy, Sr. It has become one of the largest conglomerates in the
Philippines.
MERCURY DRUG CORPORATION

Owner Name:
Ms. Vivian Que – Azcona

Short History:
It was founded in 1945, after the liberation from the Japanese, by Mariano Que. Mr. Que
started selling medicines by the piece as this was after the war and no one could afford to
buy medicines by the bottle. Today, Mercury Drug has grown into a network of over 700
company-owned and franchised stores all over the country and has been employing an
estimated 9,000 professionals and staff
 NATIONAL GRID CORP. OF THE PHILIPPINES

Owner Name:
Mr. Henry Sy, Jr.

Short History:
A fully private corporation, NGCP won the franchise to operate and maintain the
country’s transmission network in the biggest government auction conducted in efforts to
reform the local power sector. This fifty-year franchise provides NGCP with the right to
operate, maintain, expand and further strengthen the country’s power transmission system
which, as of end-2009, involved 19,425 circuit kilometers of transmission lines and
23,853 MVA of substation capacity. As the system operator of the power grid, NGCP
balances the demand and supply of electricity to serve efficiently all of its customers—
generators, private distribution utilities, electric cooperatives, government-owned
utilities, ecozones, industries, as well as directly connected companies. It is responsible
for putting online the right mix of power plants that generate the high-voltage electricity
and transmitting this to the various distribution utilities which, in turn, deliver the
electricity at a lower voltage rating to households and other end-users. Equipped with
technical expertise, a sound financial portfolio and impressive track record, NGCP is
poised to successfully deliver the electricity needed to fuel the growth of the economy
and thereby empower the Filipino people and the country’s business sector, strengthening
the nation as a whole.
SAN MIGUEL CORPORATION

Owner Name:
Mr. Eduardo M. Cojuangco, Jr.

Short History:
Established in 1890 as a single-product brewery, San Miguel Corporation (San Miguel)
is the Philippines’ largest beverage, food and packaging company. Today, the company
has over 100 facilities in the Philippines, Southeast Asia, and China.

One of the country’s premier business conglomerates, San Miguel’s extensive product
portfolio includes over 400 products ranging from beer, hard liquor, juices, basic and
processed meats, poultry, dairy products, condiments, coffee, flour, animal feeds and
various packaging products.

For generations, the Company has generated strong consumer loyalty through brands that
are among the most formidable in the Philippine food and beverage industry – San
Miguel Pale Pilsen, Ginebra, Monterey, Magnolia, and Purefoods. Flagship product, San
Miguel Beer, holds an over 95% share of the Philippine beer market.

In addition to its leadership in the Philippine food and beverage industry, San Miguel has
established a significant presence overseas. The Company’s operations extend beyond its
home base of the Philippines to China (including Hong Kong), Vietnam, Indonesia,
Malaysia, Thailand and Australia.
 FIRST GAS POWER CORP.

Owner Name:
Mr. Federico R. Lopez

Short History:
FGPC owns and operates the 1,000-MW Santa Rita combined-cycle natural gas-fired
power plant in Batangas, 100 kilometers south of Manila, Philippines. The Santa Rita
power plant uses natural gas from the Malampaya Gas Field in offshore Northwest
Palawan. The Santa Rita power plant project was developed, financed and constructed by
First Gas Power Corporation (FGPC). The Santa Rita plant commenced commercial
operations in August 2000 and initially ran on liquid fuel, with conversion to natural gas
operations in January 2002 when gas from the Malampaya field became available. Santa
Rita sells electricity to Meralco under a 25-year Power Purchase Agreement (PPA).
PHILIPPINE AMUSEMENT AND GAMING CORP.

Owner Name:
Andrea D. Domingo

Short History:
After its establishment, PAGCOR entered itself into a contract with Philippine Casino
Operators Corporation (PCOC) for the operation of the floating casino in the Manila Bay
in 1977. However, after the floating casino was gutted by fire in 1979, PAGCOR shifted
its focus to land-based casinos and entered into another contract with PCOC for the
management of a casino at the Provident International and Resources Corporation (PIRC)
building on Imelda Avenue, Parañaque City, Metro Manila, Philippines. Then, under
Presidential Decree 1869, decreed in 1983, it was mandated to act as the sole government
corporation conducting and establishing gaming pools and casinos in the country. [4] In
1986, it was re-established and reorganized by Philippine President Corazon C. Aquino as
a New PAGCOR to help raise funds for the government; Norberto Quisumbing was
appointed as its first Chairman, followed by the former Development Bank of the
Philippines chair Alicia LL. Reyes as its Chair and CEO. Reyes was succeeded by
Ephraim Genuino under the appointment by Philippine President Gloria Macapagal-
Arroyo in 2001.

The Philippine Amusement and Gaming Corporation (PAGCOR) is a 100 percent

government-owned and controlled corporation that runs under the direct supervision of
the Office of the President of the Republic of the Philippines. The Corporation was
created during the Martial Law years by virtue of a Presidential Decree (PD1067-A)
issued by then President Ferdinand Marcos in response to calls for the Philippine
Government to put a stop to the growing proliferation of illegal casino operations in
various parts of the country then. Under the new directive PAGCOR now regulates,
authorizes and licenses games of chance, games of cards and games of numbers,
particularly casino gaming, in the Philippines; generates revenues for the Philippine
Government’s socio-civic and national development programs; and helps promote the
Philippine tourism industry.
TOTAL (PHILIPPINES) CORP.

Owner Name:
Mr. Ernst Wanten

Short History:
The Total Philippines was established in 1997 as the second largest investment of its
mother company in in Asia with $80-million worth of infrastructure. This includes the
state-of-the-art oil distribution terminal in Mariveles, Bataan, capable of storing up to 50-
million litres of fuel, and another at the Manila Harbor Center inTondo, Manila, with a
storage capacity of 9-million litres of fuel. Both depots support the company's nework of
62 service stations all over Luzon. Total Philippines holds an equity share in a 45,000
metric ton liquefied petroleum gas (LPG) terminal in Batangas and two LPG refilling
stations within Metro Manila. And with its acquisition of Superkalan Gaz Corporation, it
now dominates the 2.7-kilo and 5.5-kilo cylinder market for LPGs nationwide.
MITSUBISHI MOTORS PHILIPPINES CORP.

Owner Name:
Mr. Hikosaburo Shibata

Short History:
Established in 20 February 1963 as Chrysler Philippines Corporation, Mitsubishi Motors
Corporation now markets over 16 types of vehicles in the Philippines, after 48 years of
operation. Today, Mitsubishi, produces thousands of vehicles a year in a 190,224 sqm.
plant along Ortigas Avenue Ext., Cainta, Rizal. Mr. Hikosaburo Shibata is leading the
company to focus on four major concerns: Manufacturing, Marketing, Labor /
Management Corporation and Community Involvement.
AYALA CORP.

Owner Name:
Mr. Jaime Augusto Zóbel de Ayala II

Short History:

The company began in 1834 with the formation of a distillery owned by Casa Róxas, a
partnership between Domingo Róxas and Antonio de Ayala. The distillery was the maker
of Ginebra San Miguel and was later acquired by La Tondeña, Inc. in 1929. In the late
19th century, Ayala participated in the construction of the Puente de Ayala (Ayala Bridge)
over the Pasig River in Manila. Built of wood in 1872, the bridge was reconstructed in
steel in 1908 and became the first steel bridge in the Philippines. In 1888, Ayala
introduced the first tramcar service in the Philippines. Ayala was responsible for the
development of Makati as the financial district of Manila and the Philippines after World
War II. In April 2010, FinanceAsia named Ayala Corporation as the best-managed
company in the Philippines, as well as best for corporate governance and best for
corporate social responsibility. In 2011, Ayala began building its renewable energy
portfolio, beginning with a joint venture with Mitsubishi for solar power, the purchase of
the iconic Northwind farm for wind power, and its joint venture with Sta. Clara Power for
run-of-the-river hydro power. Ayala will contribute 1000 MW to the Philippine power
supply, by 2015. In 2015, FinanceAsia awarded Ayala Corporation as the Best Managed
Company in the Philippines in the 15th annual survey of top public companies in Asia.
JOLLIBEE FOODS CORP.

Owner Name:
Mr. Tony Tan Caktiong

Short History:
Jollibee is a phenomenal success story: what began as a two-branch ice cream parlor in
1975 offering hot meals and sandwiches became incorporated in 1978 with seven outlets
to explore the possibilities of a hamburger concept. Thus was born the company that
revolutionized fast food in the Philippines. The “Yumburger” store. In 1984, Jollibee hit
the P500 million sales mark, landing in the Top 500 Philippine Corporations. In 1987,
barely 10 years in the business, Jollibee landed into the country’s Top 100 Corporations.
It became the first Philippine fast food chain to break the P1 billion sales mark in 1989.
In 1993, Jollibee became the first food service company to be listed in the Philippine
Stock Exchange; thus broadening its capitalization and laying the groundwork for
sustained expansion locally and beyond the Philippines.
ENERGY DEVELOPMENT CORPORATION

Owner Name:
Mr. Federico R. Lopez

Short History:
Energy Development Corporation is a pioneer in the geothermal energy industry with
more than three decades of proven business viability. EDC has more than 1,400
megawatts under its green power portfolio diversified by the acquisition of a hydropower
project and wind power projects in the pipeline.
EDC used to be a subsidiary of Philippine National Oil Company. It was privatized and
sold to First Philippine Holdings Corporation, a Lopez-owned and controlled corporation
involved in energy and power supply generation business.
In 2013, the company registered consolidated net income attributable to equity holders of
the parent of P4.740 billion, lower by 47% than P9.002 billion in 2012. Consolidated
revenues decreased by 10% year-on-year to P25.656 billion from P28.369 billion. The
attributable net income in 2013 represented 18.5% of total revenue, compared to 31.7%
in 2012. Recurring net income attributable to equity holders of the parent decreased by
23% to P6.565 billion from P8.522 billion.
EDC booked a P1.261 billion foreign exchange loss due to the depreciation of the peso
against the dollar in 2013, compared to a P1.054 billion foreign exchange gain in 2012
when the peso was stronger. EDC recorded a P625 million loss on damaged assets due
to Typhoon Yolanda and a P575 million loss on impairment of exploration and evaluation
assets in relation to its Cabalian Project in Southern Leyte.
The Department of Energy issued in May 2013 the Certificate of Confirmation of
Commerciality in favor of EDC’s wind project in Burgos, Ilocos Norte under EDC
Burgos Wind Power Corporation (EBWPC). The DoE certificate, the first to be issued by
the DoE for a wind project, confirmed the Declaration of Commerciality for EBWPC to
develop, operate, and maintain a feasible and viable 87 MW wind power project. The
certification converts the Burgos wind farm’s Wind Energy Service Contract issued in
2009 from the exploration/pre-development to development/commercial stage.
FIRST PHILIPPINE HOLDINGS CORP.

Owner Name:
Mr. Federico R. Lopez

Short History:
On June 30, 1961, Don Eugenio Lopez led a group of intrepid Filipino entrepreneurs to
create Meralco Securities Corporation (MSC). MSC, the forerunner of First Holdings,
then carried out in January 1962 the historic purchase of the Manila Electric Company,
known as Meralco, from its American owners, General Public Utilities. Then later on,
MSC was renamed First Philippine Holdings Corporation (First Holdings). First Holdings
embarked on a big expansion program, which included the acquisition of 25% of
Pilipinas Shell. But over-ambitious plans and mistakes in execution led to the near-
collapse of First Holdings by the mid-1980s. First Holdings then set out to take part in
developing the Malampaya natural gas field in northwest Palawan. In partnership with
British Gas, First Holdings created First Gas Power Corporation to build and run the first
gas-fired combined-cycle gas turbine power plants in the country. From zero capacity in
1993, First Generation Corporation (First Gen), the power generation holdings company
of First Holdings, built a total capacity of 2582 megawatts by 2007. Its latest acquisition
is its 60% economic interest in Philippine National Oil Company - Energy Development
Corporation. First Holdings also has substantial investments in areas other than power
generation and distribution, such as industrial parks, property development, and
manufacturing. First Holdings also ventured into tollway construction and management
in 1998 with the creation of Manila North Tollway Corporation (MNTC), which would
rehabilitate, expand, and operate the North Luzon Expressway (NLEX). The NLEX
started operations in February 2005. As part of the asset divestment program of Benpres,
the parent firm of First Holdings and 49% stakeholder in the tollway holding company,
the tollroad business was sold to Metro Pacific Investment Corp. (MPIC) in 2008. First
Holdings continues to look for strategic opportunities in infrastructure.
GINEBRA SAN MIGUEL INC.

Owner Name:
Mr. Eduardo M. Cojuangco, Jr.
Short History:
La Tondeña was established in 1902 by Carlos Palanca, Sr. in Tondo, Manila [1] and
incorporated as La Tondeña Inc. in 1929. The company name was inspired from its
location. The distillery pioneered the production of alcohol derived from molasses,
instead of the commonly used nipa palm.
In 1924, it acquired the Ayala Distillery (Destilería Ayala) from Ayala y Compañia
(precursor of Ayala Corporation). In 1955, the company acquired Añejo Rhum from
Tabacalera (Compañía General de Tabacos de Filipinas). In 1957, it acquired the
trademark rights to Kulafu to launch Vino Kulafu Chinese herbal wine.
The company was renamed La Tondeña Distillers, Inc. (LTDI) in 1987 after being
acquired by San Miguel Corporation from the Palanca family. The company adopted its
present name in 2003.
On November 6, 2017, SMC announced the consolidation of its beverage businesses
into San Miguel Pure Foods Company, Inc.through a share swap deal. San Miguel Pure
Foods will acquire 216.97 million shares in GSMI from SMC. As a result, San Miguel
Pure Foods will own 76% of GSMI with SMC as the minority. After the consolidation,
San Miguel Pure Foods will be renamed San Miguel Food and Beverage, Inc.
HONDA PHILIPPINES INC.

Owner Name:
Mr. Tatsuya Natsume

Short History
Honda Philippines started in 1973, their name back then was Mariwasa-Honda Inc. It
was established for the purpose of motorcycle manufacturing and distribution in the
country. In 1980, the Honda Riding Academy, the Philippines' first and only motorcycle
riding school, was established. Honda is trying to equip their clientele with knowledge
on correct motorcycle riding skills. By 1983, the company’s name was now changed to
Honda Philippines Inc. Come 1987, Honda’s market share became no. 1 in motorcycle
sales and this marks their leadership in the said category.
PANASONIC SYSTEM NETWORKS PHILIPPINES CORP.

Owner Name:
Mr. Hirosyuki Nishida

Short History:
Panasonic System Networks Philippines Corporation (PSNP) belongs to the Matshushita
Group of Companies in the Philippines, a multi-national company that originated from
the Matshushita Electric Industrial Company Limited (MEI), founded by the late
industrialist Konoske Matshushita,also known in Japan as the God of Management. Its
mother company is registered as Panasonic Communications Company Limited (PCC)
whose headquarters is located in Fukuoka, Japan and was established in December 24,
1955, with around 21 factory facilities sites worldwide. PSNP is one of its satellite office
in the Asia-Oceania Region, as core company that arise from the merging of Digital
Imaging Division (formerly Panasonic Communications Corporation of the Philippines -
PCIP) and Devices and Components Division (formerly Panasonic Communicatuons
Corporation of the Philippines - PCP) in April 2005. Both manufacturing divisions are
located in the Philippine Economic Zone Authority (PEZA) managed, Carmelray
Industrial Park II, in the city of Calamba, Province of Laguna, operating in total of seven
(7) buildings and ODD Production at PMPC owned lot at LTI Sta. Rosa, Laguna. Its
main business is the manufacture and assembly of Digital Imaging Products (Multi-
Function Printers, Facsimile, Laser Scanning Units, In-House PCB (SMT), Polygon
Mirror and Devices and Component products (Optical Disk Drive (ODD), MPU Cooling
Fan.
HITACHI GLOBAL STORAGE TECHNOLOGIES PHILIPPINES CORP.

Owner Name:
Mr. Chandra Anamirtham

Short History:
Hitachi Global Storage Technologies Philippines Corporation, formerly known as Hitachi
Computer Products Asia Corporation (HICAP) was founded in 1994. HICAP is located
south of metro Manila in an 83,000-square-meter site in the Special Export Processing
Zone of Laguna Technopark in Binan, Laguna. The company employs more than 7,000
highly skilled, highly motivated professionals whose engineering and mass production
capabilities have contributed to the quality and reliability of Hitachi hard disk drives.
HICAP supports the production of the company’s smaller form factor hard disk drives,
head gimbal assemblies and sliders. As one of the Philippines’ top 500 corporations,
HICAP has earned continuing distinction as Exporter of the Year from the Philippine
Export Processing Zone Authority.
RIZAL COMMERCIAL BANKING CORP.

Owner Name:
Mr. Lorenzo V. Tan

Short History:
Established in 1960, Rizal Development Bank started as a small development bank in the
humble province of Rizal. It received the Central Bank's approval to operate as a
commercial bank in December 1962, and commenced operations under its present name
in January 1963. With the inauguration of its mother office at 219 Buendia Avenue (then
part of Rizal), RCBC officially became the first commercial bank to ever establish its
head office in that province. Today, RCBC firmly holds its place among the five largest
private domestic commercial banks in the Philippines. From 2007 to 2010, its interest and
non-interest income have been growing at double-digit rates, triumphantly riding out the
global economic crisis with a 3.31 billion net income in 2009, a growth of 54 percent
from 2008. For the first quarter of 2010, it posted P975 million in net income, and its
total consolidated resources have reached a staggering 282.8 billion.
HONDA CARS PHILIPPINES INC.

Owner Name:
Mr. Tatsuya Natsume

Short History:
Under its participation in the Motor Vehicle Development Program, Honda Cars
Philippines has invested P1.1B in local manufacturing operations and a state-of-the-art
production plant from the time it was established in October 1990. To carry out its
undertaking, Honda provides direct employment to some 700 personnel. Honda’s entry
into the Philippine Automotive Industry paved the way for the establishment of several
auto parts suppliers in the country. To date, a total of 18 investors have brought in capital
investments close to P4.9B and provide income to more than 6,000 Filipinos, with a
production capacity of 15000 units per year. Dealer investors continue to increase in
number. There are currently 10 Metro Manila dealerships, 18 provincial dealerships and 3
service centers that substantially contribute to the local economies where they operate.
Honda car dealers have invested over P1B and provide employment to close to 2,000
Filipinos.
STEELASIA MANUFACTURING CORP.

Owner Name:
Mr. Benjamin O. Yao

Short History:
In 1995, SteelAsia was established to put up the country's first modern steel bar mill.
It was a quantum leap in technology and manufacturing capacity, intended to bring the
Philippine steel industry to world class levels of quality, service and manufacturing
efficiency. SteelAsia supplies rebars to more than 70% of the Philippines'
infrastructure, high-rise, commercial mall, school, factory and power plant construction.
It operates 3 straight line automated rolling mills. The company manufact-ures 10mm,
12mm, 16mm, 20mm, 25mm, 28mm, 32mm and 36mm rebar in Grade 230 (33,000 PSI),
Grade 275 (40,000 PSI), Grade 415 (60,000 PSI) and Grade 520 (75,000 PSI).
 1. MEGAWORLD CORPORATION

Owner Name:
Mr. Andrew Tan

Short History:
Megaworld Corporation is a real estate company in the Philippines founded by Mr.
Andrew Tan in 1989. It is primarily engaged in developing large-scale mixed-use
planned communities, incorporating residential, commercial, educational, and leisure
components. Additionally, it engages in activities such as project design, construction
oversight, and property management. Among its landmark projects is Forbes Town
Center, a 6-hectare commercial and residential district in Fort Bonifacio, Metro Manila.
Another project by Megaworld is the 45-storey Petron Megaplaza office skyscraper,
which was the tallest building in the country upon its completion in 1998.
TEAM ENERGY CORP.

Owner Name:
Mr. Federico Puno

Short History:
Team Energy is a partnership between noted Japanese firms Tokyo Electric Power
Company and Marubeni Corporation. Currently, the company is one of the largest
independent power producers in the Philippines, with over 2,000 megawatts (MW) of
installed generating capacity. They are the latest company and Independent Power
Producer of Marubeni Corporation in the Philippines. Team Energy has a total of
2127MW from 3 power plants, Sual, Pagbilao and Ilijan. Team Energy is 50-50 joint
venture between marubeni and Tokyo Electric Power Company, the electric utility
serving Metropolitan Tokyo/Kanto Region having more than 40 million people and is the
biggest power company in the world. All three power plants have long term power
purchase or energy conversion agreements with the National Power Corporation: Sual
(1998-2024), Pagbilao (1996-2025) and Ilijan (2001-2022).
CHINA BANKING CORP.

Owner Name:
Mr. Hans T. Sy

Short History:
China Banking Corporation (or China Bank) is the first privately-owned local
commercial bank in the Philippines. It was incorporated on July 20, 1920 and started its
operations on August 16, 1920. China Bank went public on December 1, 1965. It was the
first bank in Southeast Asia to process deposit accounts on-line in 1969. It was also the
first Philippine bank to offer telephone banking in 1988. In August 26, 1991, the Bank
was issued a license to engage in universal banking. In 2010, its 90th year, China Bank
posted a net income of P5.0 billion or 22% increase. It ranked as the 8th largest
commercial bank with assets of P257 billion as of December 2010 and was the 4th largest
bank in market value. The Bank’s capital strength as measured by its return on equity and
assets of 15.37% and 2.10%, respectively, is among the best in the industry. China Bank
declared cash dividends of P12 per share plus 10% stock dividends, which when
combined with the appreciation in share price gave its stockholders one of the best yields
in the banking industry. China Bank was also the most active among the major banks in
terms of network expansion, opening a total of 22 branches -- 253 for the main bank and
16 for China Bank Savings Inc -- bringing the total branch network to 269 by year-end
2010.
SEMIRARA MINING CORP.

Owner Name:
Mr. David M. Consunji

Short History:
Semirara Mining Corporation is the only large-scale coal producer in the Philippines and
is engaged in surface open cut mining of thermal coal from its Panian mine on Semirara
Island, in the Antique Province. Semirara Island covers an area of 55 square kilometers
and is located 350 km south of Manila. The Company has significant resources and
reserves which supply a growing demand for coal. As at 30 June 2004, the Company’s in-
situ coal resources at the Panian and Himalian sites were estimated at 210 million tonnes
and 120 million tonnes, respectively. The estimated recoverable coal reserves at the
Panian mine of 52.1 million tonnes are sufficient to support the Company’s target coal
production rates for at least 10 years. The Company’s reserve estimates have been
independently reviewed by Minarco Asia Pacific Pty Limited. Consequently, in 2006
Australian consultants supervised additional confirmatory drilling activities in the Panian
Pit in accordance with the Joint Ore Reserve Committee (JORC) standards of Australia
(an internationally recognized body for establishing mineable reserves). As at 31
December 2006, 62 million MTs of coal were classified as measured and confirmed,
while additional 24.5 million MTs and 6 million MTs were categorized as indicated and
inferred, respectively. The Company’s coal is characterized as sub-bituminous-B and is
appropriate for use in a wide range of combustion facilities.
REPUBLIC CEMENT CORP.
Owner Name:
Mr. Renato Sunico

Short History:
Republic Cement & Building Materials, Inc. (LRI), formerly Lafarge Republic, Inc., was
incorporated in May 3, 1955 as Republic Cement Corporation to primarily engage in the
manufacture, development, exploitation and sale of cement, marble and all other kinds
and classes of building materials, and the processing or manufacture of materials for any
industrial or commercial purposes. On November 12, 2015, the Securities and Exchange
Commission approved the change in name to the present one.

LRI manufactures mainly Portland and Type 1 P cement products. Cement is sold in 40-
kg bags or in bulk loaded in bulk carriers at 800 and 1,000 kgs.-equivalent bags per load.
The Company's plants are located in Bulacan, Batangas, Rizal and Cebu. The Cebu plant
resumed operations in 2013.

LRI's subsidiaries are composed of Fortune Cement Corporation; Lafarge Iligan, Inc.
(LII); Lafarge Mindanao, Inc. (LMI); FR Cement Corporation; and Lloyds Richfield
Industrial Corporation.

In August 2015, LRI accepted the offer of, and signed an agreement with, Holcim
Philippines, Inc. (HLCM) and/or its affiliate, Holcim Mining and Development
Corporation for HLCM to acquire LRI's 60% shareholding in shares of stock of Lafarge
Republic Aggregates, Inc. and the Star terminal at the Harbour Centre Manila.

On September 15, 2015, the major shareholders of LRI sold 88.85% of the outstanding
stock of the Company to AEV CRH Holdings, Inc. (AEV CRH). The sale included LRI's
investment in LII and LMI, but subject to the fulfillment of the agreed conditions and
AEV CRH's and/or the LRI major shareholders' exercise of their respective rights to
acquire and sell the LRI major shareholders' LRI shares, LII and LMI will remain LRI
subsidiaries upon AEV CRH's acquisition of LRI. The Company also sold its 30%
shareholding in shares of stock of Lafarge Cement Services (Philippines), Inc.
HYUNDAI ASIA RESOURCES INC.

Owner Name:
Ms. Fe Perez – Agudo

Short History:
Awarded official distributorship of Hyundai vehicles by Hyundai Motor Company
(HMC), South Korea, in August 2001, Hyundai Asia Resources, Inc. or HARI has rapidly
become one of the distinguished market leaders in the Philippine automotive industry
today. From its humble beginnings in 2001 with only 4 dealerships carrying just one
product line, the Hyundai Starex, HARI has grown by leaps and bounds with a
nationwide fortress of 36 dealerships (24 of which are certified Hyundai Elite dealers)
and a dedicated 2,000-strong workforce to meet the motoring lifestyle needs of the
Filipino market. And in March 2010, less than a decade of operations, HARI surpassed
its Japanese, American and Asian rivals to become the 3 rd top-ranking automotive brand
in the Philippines, a ranking that it still keeps to this day.
SECURITY BANK CORP.

Owner Name:
Mr. Alberto Villarosa

Short History:
Security Bank was established on June 18, 1951 as Security Bank and Trust Company
(SBTC) in Manila. At the time, SBTC was the first privately-owned, Filipino-controlled
bank of the post-World War II era. The bank's head office was first located in the Don
Roman Santos Building on Plaza Goiti, moving to Escolta in 1954. At the time, Security
Bank was so aggressive in opening branches that at one point during the 1950s, it had
more branches in Metro Manila than any other local bank.
Beginning in the 1960s, Security Bank also started expanding outside Metro Manila, with
the opening of its first provincial branch in Angeles City, Pampanga. Within the decade,
the bank started a rapid expansion in the provinces. It was also in the 1960s that Security
Bank led a consortium of local and foreign companies that lent US$ 62 million to the
Lopez family to fund their acquisition of Meralco, the first of its kind in Philippine
banking history.
In the 1970s, Security Bank issued its first credit card, introducing the Philippines
to Diners Club. It also marked the start of the bank's trust offerings, many of which were
deemed innovative, and still survive today as pre-need and common-trust plans, of which
they are descended from Security Bank's offerings at the time. Towards the end of the
1970s, the bank was granted permission to operate a foreign currency division by
the Bangko Sentral ng Pilipinas. It widened its investment services portfolio in the 1980s,
even when the Philippines was thrown into a deepening political crisis. Like other major
banks, Security Bank survived.
The 1990s brought in new owners led by present chairman Frederick Y. Dy. On April 26,
1994, the bank was issued a universal banking license by the BSP. With the issuance of
its universal banking license, the legal name of Security Bank changed to the present-day
Security Bank Corporation. The bank also moved to its new headquarters along Ayala
Avenue in Makati City. SBC's stock was also formally listed on the Philippine Stock
Exchange on June 8, 1995, with a 1.5 billion-peso initial public offering.
In 2016, the bank partnered with Japan's largest bank The Bank of Tokyo-Mitsubishi
UFJ, Ltd. (BTMU) to bolster its capital and enhance their global capabilities. BTMU is
now the second largest shareholder of Security Bank while Security Bank is now an
equity affiliate of BTMU. The bank celebrated its sixty-fifth anniversary on June 18,
2016
WYETH PHILIPPINES INC.

Owner Name:
Bernard J. Poussot

Short History:
Our story began in 1860 when the Wyeth brothers, John and Frank Wyeth opened a
drugstore at Walnut Street, Philadelphia. Fifty years later, Dr. Henry Gerstenberg
developed a nutritionally complete formulation, the G-R milk—the precursor to Synthetic
Milk Adapted (SMA). Extensive clinical studies at a Cleveland hospital then established
SMA, which became the first commercially produced and distributed synthetic milk in
the United States in 1921. The business was eventually sold in 1932 to American Home
Products Corporation (AHP) of New York.
Though SMA started importation to the Philippines in 1925, the joint venture between
A.T. Suaco and AHP in 1958 marked the beginning of the Wyeth nutrition and
pharmaceutical business in the country. This collaboration was also recognized as the first
Philippine-American tie-up in the pharmaceutical industry, under the official name Wyeth
Suaco Laboratories, Inc. (WSL). In 1964, WSL was inaugurated as the first
manufacturing plant for infant nutrition products in the country with its first facility in
Makati.
In 1987, WSL merged with Ayerst International, and subsequently acquired A.H. Robins.
WSL began construction of a huge nutritional manufacturing facility in 1990 in Cabuyao,
Laguna, which became fully operational after two years. WSL then changed its name to
Wyeth Philippines, Inc. (WPI) in 1993.
Pfizer globally acquired the business in 2009, and the nutrition arm of Wyeth became
Pfizer Nutrition. At the end of 2012, Pfizer announced its strategic alternative and Nestle
S.A. completed the acquisition of Pfizer Nutrition—now recognized as Wyeth Nutrition.
Today, Wyeth Nutrition continues to be a leading global brand.
HEWLETT-PACKARD PHILIPPINES CORP.

Owner Name:
Dion Weisler

Short History:
Hewlett-Packard Philippines operates as a regional sales and marketing subsidiary of US-
based parent Hewlett-Packard. HP Philippines provides a wide selection of
technology and office automation equipment to customers in the consumer, corporate,
small business, and government sectors. The company's products include PCs, printing
and imaging devices, servers, and enterprise software. It stocks what could be HP's most
profitable products: ink, laser toners, paper, and other supplies for computer printers.
HP Philippines also offers IT services, including consulting, maintenance, product
integration, and software customization.

Bill Hewlett and David Packard graduated with degrees in electrical engineering
from Stanford University in 1935. The company originated in a garage in nearby Palo
Alto during a fellowship they had with a past professor, Frederick Termanat Stanford
during the Great Depression. Terman was considered a mentor to them in forming
Hewlett-Packard. In 1938, Packard and Hewlett begin part-time work in a rented garage
with an initial capital investment of US$538. In 1939 Hewlett and Packard decided to
formalize their partnership. They tossed a coin to decide whether the company they
founded would be called Hewlett-Packard (HP) or Packard-Hewlett. HP incorporated on
August 18, 1947, and went public on November 6, 1957.
LIQUIGAZ PHILIPPINES CORP.

Owner Name:
Mr. Lucio L. Co

Short History:
Liquigaz is wholly-owned subsidiary of SHV Energy of the Netherlands, was established
in 1995 with the dedication to provide innovative solutions to every user of LPG that
promotes customer satisfaction, reliability, safety enforcement and environmental
compliance.These are manifested in our actions and the products we serve. Liquigaz is
the fastest growing LPG company in the Industry. Since operation in 1995, they have
taken 31% market share in LPG demand.

Liquigaz Philippines Corporation supplies LPG in the Philippines. The company offers
bulk LPG to independent refillers, and auto gas. It also offers LPG cylinders for
households through a network of dealers; LPG to ceramic and automotive industries, as
well as food, glass, can, and steel manufacturing industries; and LPG directly to small
and large food stores, restaurants, and fast food chains. The company was founded in
1995 and is based in Muntinlupa City, the Philippines. As of August 4, 2014, Liquigaz
Philippines Corporation operates as a subsidiary of Cosco Capital, Inc.
3rd Floor
THE INSULAR LIFE ASSURANCE CO. LTD.

Owner Name:
Mr. Vicente Ayllon

Short History:
Insular Life was established on November 25, 1910 at a time when the Philippines was
flexing its wings as an independent country. Insular Life today is the only Filipino life
insurance company among the top five industry leaders. It continues to deliver a solid
performance, posting P2.6 billion in net income by end of 2010. A cornerstone of Insular
Life's financial stability is its strong asset base which has consistently increased through
the years, reaching P72.0 billion in 2010. Its business-in-force of P200 billion reflects a
growing number of policyholders. Insular Life transferred its headquarters at the Insular
Life Corporate Centre in Filinvest, Alabang in 2001 in a symbolic step toward the fast-
paced and I.T.-based 21st century. Here, fully in step with the demands of the modern
world but rooted in its unique heritage, Insular Life continues to design innovative and
responsive products and services for Filipino families to help them realize their dreams.
ECONOMICS WITH LRT
(MWF 4:00-5:00PM)

30 CORPORATIONS

ALIGUI, ARGEL Q.

BSME IV

Instructor

Sir. Terry Gil Gomez

09/07/18