Saturday, February 10, 2018

Magsaysay Group

There are not much information since they are not yet listed in PSE. Hope they also do IPO.

1. Company Information
Company Name/Group
Magsaysay Group
Ownership
Chairman: EDUARDO U. MANESE, CEO: Doris Teresa M. Ho.
Website / E-mail
http://www.magsaysay.com.ph/
2. Company Descriptions and Business Development
Overview
Robert CF Ho and Don Ambrosio Magsaysay found A. Magsaysay Inc. Robert CF Ho established Fairmont Shipping (HK) Limited. Anita Magsaysay, a daughter of Ambrosio Magsaysay, is his wife and her cousin is the Ramon Magsaysay, the former president of the Philippines.

Business
The family controls one listed company, Lorenzo Shipping Corporation (LSC). The group is engaged in transport and logistics, BPO, insurance brokerage, manpower, travel and e-commerce business.

Subsidiaries / Associates / Affiliates / Joint Ventures
MagTech Solutions & Marine Consultancy Services, Inc
Magsaysay Marine Services, Inc. provides marine, ship structural and machinery repairs.
Sun Cruises offers day trip and overnight tours to the beautiful Island of Corregidor.
Shiplink and Fastcrane have invested in quay cranes located in the Manila North Harbor and Cebu Domestic Port.
RoadLink Solutions, Inc. offers chassis leasing and trucking services.
NMC Agency and Brokerage offers full agency services to shipowners and charterers calling in Philippine ports.
Marine Fuels Inc.
National Marine Container Lines (NMCCLI) supports our customers with full container door-to-door and break-bulk services around the main ports of the Philippines.
One Stop Solutions, Inc. provides logistics services.
OneStop Warehousing Solutions, Inc. 
Islas Tankers, Inc. and Batangas Bay Carriers, Inc. 
Magsaysay Shipmanagement Inc. 
Magsaysay Houlder Insurance Brokerage, Inc. 
Fairex Trading (Asia) Corp.
Global Process Manager Inc. (GPM) handles the payroll module for 30,000 crew members.
Magsaysay Maritime Corporation provides manning, crew management and other services to ship owners.

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MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...