FIRST PHILIPPINE HOLDINGS CORPORATION

"We have set our sights on the meaningful participation in the awesome task of nationbuilding, more specifically to do our share in the country's efforts to become a newly industrialized country..."

Oscar Lopez
FPHC Chairman & CEO

First
Philippine
Holdings
Corporation

Business Mission

Our basic purpose is to create new wealth for our stakeholders and the country by engaging in diversified businesses which provide goods and services for the local and global markets.

Our businesses will focus on vital needs for national development in the areas of energy, other infrastructures, exports and supporting industries. Our objective is to maintain a profitable growth in these businesses by exploiting functional and management synergies, excelling in research and development, exporting vigorously and entering into strategic alliances with local and foreign groups.

In pursuing our objective, we will be guided by the following fundamental and imperishable values and principles: nationalism, entrepreneurship and innovation, teamwork, and a strong work ethic.

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CORPORATE VISION & DIRECTIONS
The pressing need for infrastructure, the continuing fine-tuning of the economy by the government and opportunities for privatization have helped shape First Holdings vision for the future. These have compelled First Holdings to look closely at its core competencies to ensure its continued competitiveness.

Oscar M. Lopez, Chairman & CEO and
Elpidio L. Ibañez, President & COO

The three principal strategic initiatives that comprise the core businesses of First Holdings are:

A return to baseload power generation
Construction of other basic infrastructure, and
Property development

These businesses will enable First Holdings to meaningfully participate in the growth of the country's economy.

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First
Philippine
Holdings
Corporation

gym

HUMAN RESOURCE

First Holdings proceeded with its human resource development program, focusing on managerial development. .

The firm likewise took the lead in establishing a comprehensive corporate wellness program encompassing the body, mind and spirit of the person. The company intends to institutionalize a succession planning from top management and down the decision-making structure.

Aware of the critical role of human resources, the top management of First Holdings and the other companies in the Lopez Group established the Eugenio Lopez Center in Antipolo. The objectives of the Center are to upgrade the quality of management and to foster a sense of unity, understanding and synergy among the different managers and entities within the Lopez Group.

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CORPORATE SOCIAL RESPONSIBILITY
The First Holdings Group, together with Meralco and the other Lopez companies, donated P24 million for the renovation of the National Museum of the Filipino People (formerly the Finance Building at the Agrifina Circle). The North Gallery on the third floor, which will hold the Story of the Filipino People exhibit, will be named the Meralco / Lopez Group of Companies Gallery.

National Museum

First Holdings supports for Conservation International (Phils.), a non-governmental organization committed to biodiversity conservation in the country, particularly in Palanan, Isabela and Coron, Palawan. This social undertaking gains significance in view of the fact that the Philippines is a megadiversity country with many endemic species threatened with extinction.

First Holdings also supports for the Ophthalmological Foundation of the Philippines (Ofphil). Ofphil provides eye care for indigents, particularly cataract operations in its mobile eye van. The foundation is pursuing an ambitious project to set up an Asian Eye Institute, which is envisioned to be a world-class eye research center in the Philippines.

First Holdings maintained its involvement with the Philippine Business for Social Progress and the Philippine Business for the Environment.