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Meralco Foundation's control of MERALCO lasted until the People Power Revolution in 1986 when it defaulted on its payments under the terms of the original turnover of shares in 1973, [14] although it took a five year period before the shares were eventually reverted to the Lopezes in 1991.
MFI Foundation Inc. (formerly Meralco Foundation, Inc.) is a non-stock, non-profit science foundation based in Pasig, Metro Manila, Philippines. The MFI Farm Business Institute at Jalajala is located at the MFI Technological Institute at Ortigas Campus, the MFI Technological Institute at Pasay Taft Campus, and the MFI Technological Institute at Ortigas Campus of MFI.
During the administration of former Philippine president Ferdinand Marcos (1965–1986) select businesses were favored and patronized by Marcos, receiving financial support, sole patronage, tax exemptions, and control over entire industries rendering these businesses as monopolies. [1] [2] [3] Friends and relatives of Marcos acquired staggering ...
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The settlement with Meralco Foundation over the Meralco shares that had been registered under the name of Benjamin Romualdez led to PCGG temporarily gaining control over 22 million Meralco shares. These shares were eventually privatized in three batches - a PHP13.57 billion sale to the SSS and GSIS in 1994; a PHP2.6 billion sale to on October ...
The JFCH was formally transformed into a Corporate Wellness Center (CWC) on September 16, 2004 in order to continue securing the welfare and well being of Meralco’s 5,000 employees. The change was enacted by Manuel M. Lopez, the chairman and chief executive officer of Meralco, and was designed to prolong the vision of Lopez’s father ...
Lopez Holdings Corporation (formerly primarily as Benpres Holdings Corporation from June 8, 1993 to July 21, 2010 and secondarily from July 21, 2010 to 2019, and also known as Lopez, Inc.) is a Filipino conglomerate founded by the brothers Eugenio Lopez, Sr. and Fernando Lopez, Sr. It has substantial holdings in the public service and utilities ...
History. It started on May 11, 2008, when the Philippines' Government Service Insurance System (GSIS) accused Meralco of unlawful refusal to grant corporate access to documents despite the GSIS’ holding 4 seats in the 11-member Meralco board, amid GSIS' denial of plans to wrest control from the Lopez family.