WESM, DNA

1. The board of Philippine Electricity Market Corp. (PEMC) has approved the transition plan for the creation of an independent market operator (IMO), paving the way for state firm to finally relinquish control of the wholesale electricity spot market (WESM). PEMC said in a statement the IMO would be incorporated as a non-profit company that is independent of the government and industry participants. PEMC said it would remain as the governing body of the spot market with a board of directors made up of industry representatives and independent members.

2. Listed Philab Holdings Corp. is investing an initial P500 million in US-based Veritas Genetics, whose whole genome sequencing technology is capable of revealing crucial details about an individual, including the risk for inherited conditions and the efficacy of certain drugs. Tom Navasero, Philab chair and CEO, said the Philippines would host a sequencing facility with Clark, Pampanga, identified as a potential location.

Notes: Did they completed merging of Philab Industries, Inc? I believe not. 

Globe Telecom, Inc. (GLO)

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1. Company Information
Company Name	Globe Telecom, Inc. (GLO)
Sector	Services		Incorporation Date	Jan 15, 1935
Subsector	Telecommunications		Number of employees	7,180 (Group Total)
Board of Directors	Chairman: Jaime Augusto Zobel de Ayala, Director/CEO : Ernest L. Cu
Website / E-mail	http://www.globe.com.ph / ir@globetel.com.ph
2. Stock Information
Total Assets	269,873,223,000	Market Capitalization		255,062,981,151.00
Total Liabilities	202,795,997,000	Outstanding Shares		132,914,529
Retained Earnings	23,081,029,000	Listed Shares		132,123,493
Listing Date	Aug 11, 1975	Issued Shares		132,914,529
Board Lot	5	Free Float Level (%)		21.67%
Par Value	50.00	Foreign Ownership Limit		40%
3. Major Stock Holders
SINGAPORE TELECOM INTERNATIONAL PTE. LTD. ("STI") AYALA CORPORATION PCD NOMINEE CORPORATION (NON-FILIPINO) PCD PCD NOMINEE CORPORATION (FILIPINO)				47.13% 30.97% 12.91% 08.31%
4. Company Descriptions and Business Development
Notes 1. Jaime Augusto Zobel de Ayala and Fernando Zobel de Ayala are brothers. 2. Stiff competition is expected     ● The Philippines government wants the third telco player besides TEL and GLO.     ● TransCo (country’s power transmission asset owner) wants to join using their nationwide fiber-optic infra.

First Gen Corporation (FGEN)

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1. Company Information
Company Name	First Gen Corporation (FGEN)
Sector	Industrial		Incorporation Date			Dec 22, 1998
Subsector	Electricity, Energy, Power & Water		Number of employees			2,719(Group Total)
Board of Directors	Chairman Emeritus: Oscar M. Lopez, Chairman: Federico R. Lopez
Website / E-mail	http://www.firstgen.com.ph / rrhernandez@firstgen.com.ph
2. Stock Information
Total Assets	USD 5,726,798,000	Market Capitalization			63,773,636,762.94
Total Liabilities	USD 3,340,077,000	Outstanding Shares			3,660,943,557
Retained Earnings	USD 1,048,920,000	Listed Shares			3,660,943,557
Listing Date	Feb 10, 2006	Issued Shares			3,660,943,557
Board Lot	100	Free Float Level (%)			32.77%
Par Value	1.00	Foreign Ownership Limit			40%
3. Major Stock Holders
FIRST PHILIPPINE HOLDINGS CORPORATION PCD NOMINEE CORPORATION (FILIPINO) PCD NOMINEE CORPORATION (FOREIGNER) F. YAP SECURITIES, INC.				66.23% 21.51% 11.06% 0.28%
4. Company Descriptions and Business Development
Notes 1. Related companies: FGEN, EDC, FPH and LPZ, ROCK 2. FGEN and its subsidiaries sold EDC shares to Philippines Renewal Energy Holdings Corp around 31%. Red Bulcan is still holding common and voting preferred shares which correspond to a 60.0% voting stake in EDC.

DMCI Holdings, Inc. (DMC)

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1. Company Information
Company Name	DMCI Holdings, Inc. (DMC)
Sector	Holding Firms		Incorporation Date	Mar 08, 1995
Subsector	Holding Firms		Number of employees	4 (Parent Only)
Board of Directors	Chairman: Isidro A. Consunji
Website / E-mail	http://www.dmciholdings.com / investor_inquiries@dmcinet.com
2. Stock Information
Total Assets	166,296,082,000	Market Capitalization		193,585,512,600.00
Total Liabilities	76,282,913,000	Outstanding Shares		13,277,470,000
Retained Earnings	55,788,898,000	Listed Shares		13,277,470,000
Listing Date	Dec 18, 1995	Issued Shares		13,277,470,000
Board Lot	100	Free Float Level (%)		27.61%
Par Value	1.00	Foreign Ownership Limit		40%
3. Major Stock Holders
DACON CORPORATION DFC HOLDINGS, INC PCD NOMINEE CORPORATION (FOREIGN) PCD NOMINEE CORPORATION (FILIPINO)				51.51% 17.92% 16.01% 11.17%
4. Company Descriptions and Business Development
Notes 1. Related companies: DMC, SCC 2. The founder David M. Consunji passed awaw on Sept 4, 2017. David M. Consunji is the Father of Isidro A. Consunji, Jorge A. Consunji, Victor A. Consunji, Cristina C. Gotianun, Ma. Edwina C. Laperal and Luz Consuelo A. Consunji. Herbert M. Consunji is a nephew of David M. Consunji.
Overview DMCI Holdings, Inc. (the “Company”) was incorporated on March 8, 1995 as a holding company to consolidate all construction business, construction component companies and related interests of the Consunji Family. In only a few years after incorporation, the Company has expanded its business organization to include five major subsidiaries, namely: D.M.

Bank of the Philippine Island (BPI)

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1. Company Information
Company Name	Bank of the Philippine Island (BPI)
Sector	Financials			Incorporation Date	Jan 04, 1943
Subsector	Banks			Number of employees	16,692
Board of Directors	Chairman : Jaime Augusto Zobel de Ayala, Vice Chairman: Fernando Zobel de Ayala
Website / E-mail	http://www.bpiexpressonline.com.ph / expressonline@bpi.com.ph
2. Stock Information
Total Assets		1,799,820,000,000	Market Capitalization			383,282,767,837.15
Total Liabilities		1,617,940,000,000	Outstanding Shares			3,929,090,393
Retained Earnings		114,682,000,000	Listed Shares			3,927,425,488
Listing Date		Oct 12, 1971	Issued Shares			3,926,726,543
Board Lot		10	Free Float Level (%)			48.79%
Par Value		10.00	Foreign Ownership Limit			40%
3. Major Stock Holders
PCD NOMINEE CORPORATION (NON-FILIPINO) PCD NOMINEE CORPORATION (FILIPINO) AYALA CORPORATION AC INTERNATIONAL FINANCE LIMITED ROMAN CATHOLIC ARCHBISHOP OF MANILA MICHIGAN HOLDINGS. INC					25.81% 10.10% 21.80% 20.10% 8.68% 8.32%
4. Company Descriptions and Business Development
Notes 1. Related companies: BPI, AC and GLO, ALI, MWC, POPI, CHI, IMI
Overview Bank of the Philippine Islands (“BPI”) is the Philippines’ third largest universal bank in terms of total assets and equity capitalization.  It is recognized as one of the country’s top providers of cross-border remittances, life and non-life bancassurance services, as well as asset finance and leasing. BPI also has a significant capital markets presence, particularly in fixed income and equities underwriting, distribution and brokerage. It is a significant provider of foreign