November 18, 2008
FPHC Registers P272 million Net Loss for the Period
Pending the recognition of a one-time gain from the sale of its toll roads business, First Holdings posted a net loss of P272 million for the nine months ending September 30, 2008.
November 13, 2008
MPIC completes purchase of shares in FPII
Metro Pacific Investments Corporation today completed the purchase of Benpres' and First Holdings' stakes in First Philippine Infrastructure, Inc.
November 11, 2008
First Gas Power Corp. signed US $ 544 M term loan facility
First Gas Power Corp. signed today a US $ 544 M term loan facility with nine foreign banks. The proceeds of the loan will be used to repay the existing debt of First Gas.
October 23, 2008
First Gen and Marubeni Sign Agreement
Marubeni Corporation has entered into an agreement with First Gen Corporation to seriously consider investment of up to 40% in Red Vulcan Holdings.
October 17, 2008
First Gen Sells 60% of Pantabangan-Masiway Plant to EDC
The board of directors of First Gen Corporation recently approved the sale of 60% of First Gen Hydro Power Corporation to EDC.
September 10, 2008
First Holdings Files Complaint vs. SEC and GSIS officials
On September 9, 2008, First Holdings filed a complaint with the Office of the Ombudsman against SEC officials Jesus Enrique Martinez and Hubert Guevara, as well as GSIS officials Winston Garcia and Estrella Elamparo-Tayag, for the Cease and Desist Order.
August 26, 2008
Benpres, FPHC Executes Share Purchase Agreement with MPIC
Benpres and First Holdings executed today the Share Purchase Agreement with Metro Pacific Investments Corporation.
August 15, 2008
First Holdings Posts P395M Net Loss in H1 2008
For the first half of the year, First Philippine Holdings Corporation (First Holdings) registered an unaudited net loss attributable to equity holders of the parent amounting to P395 million.
August 08, 2008
First Holdings Raises Cash Through FPII Sale
First Philippine Holdings Corporation (First Holdings) and its parent company Benpres Holdings Corporation (Benpres) entered into an agreement to sell their stakes in their tollroad business, subject to agreed conditions.
July 10, 2008
Use of the FPHP Proceeds
In a letter to the PSE today, First Philippine Holdings Corporation disclosed how part of the proceeds of its P4.3 billion Series B preferred shares has been used to make amortization and interest payments for its $ 35 million term notes due in 2011.