PHILIPPINE AEROSPACE DEVELOPMENT CORPORATION (Adverse)

The corporation was established on September 5, 1973 by the virtue of Presidential Decree No. 286, which was
issued by then-President Ferdinand Marcos. The decree served as the charter of the corporation was revised through
Presidential Decree No. 696 issued by Marcos on May 9, 1975.
The mandate of the firm is to establish a "reliable aviation and aerospace industry" in the Philippines, design,
manufacture and sell "all forms" of aircraft, as well as to develop indigenous capabilities in the maintenance, repair,
and modification of aviation equipment.
It attempted to develop local aircraft such as the PADC Hummingbird helicopter and the PADC Defiant single-engine
trainer in the 1980s but the programs were scrapped due to licensing issues and lack of government support.[1]
Following a meeting of the Governance Commission for GOCCs in late 2017, PADC is set to be abolished. Those
present in the meeting views that PADC has failed its mandate particularly in successfully designing a plane for the
last 45 years.
A PADC director, Rene Abad, has called for the PADC’s ‘revitalization’ instead, to contribute to the country’s
development and security.
In March 2018, the Department of Transportation signed a memorandum of understanding with the Department of
National Defense for the transfer of the PADC from the former to the latter.

Metropolitan Waterworks and Sewerage System (Disclaimer)

The first water system in the Philippines was initiated the Spanish Philanthropist, Francisco Carriedo y Peredo,
(November 7, 1690 - September 1743). Carriedo donated funds to laid out in old Manila, however it was never realized
until realized until a century later, when the Spanish Franciscan friar, Felix Huerta, tracked down the funds donated
by Carriedo, and instigate the development of the Carriedo Water System. The construction of a water system
delivered 16 million liters of water per day to 300,000 people. By 1909, the capacity of the system was increased to
92 million liters per day by the addition of pumping facilities and the construction of Wawa Dam.
With its expansion of responsibilities, the institution changed its name several times from the Carriedo Water System,
to the Manila Water Supply System in 1908, the Metropolitan Water District in 1919, the National Waterworks and
Sewerage System Authority (Pangasiwaan ng Pambansang Tubig at Alkantarilya) to the Metropolitan Waterworks
Sewerage System (MWSS) in 1971.

Food Terminal (Emphasis)

Food Terminal Inc. provides prime industrial and commercial sites for medium to long-term leases, industrial
buildings for offices or small-scale processing operations, and complete food storage, warehousing and
processing facilities serving food producers, exporters, manufacturers and other sectors in the food industry.
Food Terminal Inc. was founded in 1968 and is based in Taguig, Philippines.
The FTI was the offshoot of a Presidential directive issued on January 1967, creating a committee assigned to
look into the upliftment of the agricultural economy of the country. In turn, the committee endorsed a system
designed to ensure price stability and increased productivity. It led to the foundation of the Greater Manila
Terminal Food Market (GMTFM) on April 30, 1968 through Presidential Decree No. 347. Under the management
of Development Bank of the Philippines, it was registered as a private corporation with the Securities and
Exchange Commission (SEC) on May 3, 1968.

In 1969, operations commenced on an interim basis. In 1973, GMTFM was converted into an Agro-Industrial
Commercial Estate. From direct trading of commodities, storage and food processing, it subsequently expanded
its service capability to include retailing, transport services, and real estate leasing. On March 27, 1974, a new
corporate name for GMTFM was adopted: FOOD TERMINAL INCORPORATED.
The company's major activities in the 1970s include storage, food processing, research and quality control,
marketing services, and trading. Its storage facilities included the Central Refrigerated Warehouse (CRW) with
chilling rooms, freezer storage, ice plant, blast freezers and refrigerated processing rooms. Also, it has a
slaughterhouse, chicken dressing plant and a multi-purpose warehouse for dry storage, food-processing facilities
for grading, handling and packaging for foreign market.

In April 1979, the Human Settlements Development Corporation took over the ownership and management of
the company. In April 1980, by virtue of Letter of Instructions No. 1013, FTI was classified as a Government
Owned and Controlled Corporation. The FTI then became a major subsidiary of the NFA to further strengthen
its position in the integrated growth and development of the food industry.

In the 80s, FTI was actively involved in the retailing of basic commodities at government subsidized prices
through the Kadiwa Program. Food trading, food processing, including slaughtering operations were suspended
in 1989 because of conflict with free trade market forces. After operating continuously for 30 years, cold storage
also ceased operations in 2004 due to technical problems and viability concerns.

At present, FTI basically operates as provider of: a.) prime industrial and commercial lots for medium-to-long
term leases; b.) industrial buildings with standard-sized stalls ideal for office, warehouse or small-scale
processing operations. Although disengaged in food trading, processing and storage, the company is still into
intensified promotions as an agro-industrial-commercial estate by providing leasable facilities and buildings that
cater for the needs of food producers, manufacturers, exporters and other sectors in the food industry..
Eton Properties Philippines (Other Matters)
Eton Properties is the real estate brand of the Lucio Tan Group, one of the biggest business conglomerates in
the Philippines. Our foreign counterpart, Eton Properties Ltd, is an established real estate brand in Hong Kong
and mainland China. With an extensive land bank in strategic locations all over the country, Eton specializes in
high-end and mid-income high-rise and horizontal residential developments, office projects, commercial centers
and mixed-use township developments.

To date, Eton Properties has 26 projects under its wing and has completed 7 high-rise condominiums, 1 mid-
rise development, 3 residential subdivisions, 2 commercial centers, 1 events venue, and 3 BPO hubs. Among
the completed office buildings are Centris Cyberpods 1-3 in Eton Centris and Eton Corinthian Cyberpod in
Ortigas.

To realize our vision of becoming the most trusted developer in the country, Eton must construct no less than
the best communities and enrich the quality of life of those who choose us. And we accomplish these with an
organization whose strength is matched by our customer focus for the delivery of high-quality projects in the
most convenient locations. This allows us to sustain our growth through a mixed-use portfolio of residential,
commercial, and leisure communities, adroitly balancing development and recurring income projects.

By cultivating a culture anchored on integrity and accountability, we deliver on what we promise—on time, and
in the quality we demand of ourselves, taking full charge and full responsibility. By fueling our passion for
excellence with commitment to efficiency and continuous improvement, we never cease developing the trails we
blaze. By sustaining a climate of collaboration, we keep an open mind, allowing a spirit of synergy and
cooperation to pervade every pursuit.
From cozy domestic spaces and ergonomic workplaces, whatever you find comfort in—we can build it. From
fast-paced urban sprawls to laidback corners of quiet, whatever location is prime for your convenience—we can
put you there. From transparent payment schemes to dedicated personnel, whatever it takes to earn your trust—
we can get it done.
Development Bank of the Philippines (Qualified due to MM)
The Development Bank of the Philippines (DBP) is a state-owned development bank headquartered in Makati
City, the Philippines.
It is the seventh-largest bank in the Philippines in terms of assets with assets of more than P483 billion as of
2016. It is the second-largest state-owned bank, next only to Landbank. It is also one of the largest government-
owned and controlled corporations (GOCCs) in the Philippines.
It has 114 branches and 15 regional marketing centers across the country.
It focuses on four major areas of financing—infrastructure and logistics, social services, small and medium
enterprises, and the environment

Globe Telecom (Unqualified)

Globe Telecom, commonly shortened as Globe, is a major provider of telecommunications services in
the Philippines. It operates one of the largest mobile, fixed line, and broadband networks in the country.
Globe Telecom's mobile subscriber base reached 60.7 million as of end-December 2017, down 3%
from the 62.8 million subscribers reported a year ago.
The company's principal shareholders are Ayala Corporation and Singapore Telecommunications. It is
listed on the Philippine Stock Exchange under the ticker symbol GLO and had a market capitalization
of US$3.8 billion as of the end of June 2018.
Globe's main competitors in the fixed-line telephone market are PLDT and Digitel. BayanTel used to
be one of its competitors prior to its acquisition by Globe. In the mobile phone market, its main
competitors are the Smart and Talk N Text brands of Smart Communications and Sun Cellular, a wholly
owned subsidiary.
In 2016, Globe introduced its Globe Lifestyle brand as a way to connect to its customers through
fashion. It also launched two entertainment divisions: Globe Studios, which focuses on film and
television production, and Globe Live, which focuses on live concerts and musical events.