Lopez Museum
Thursday, 02 September 2010 12:24    Print
Nostalgia
Ferdinand MarcosSeptember 1969
Meralco Securities Corporation (MSC) creates the Philippine Petroleum Corporation, a manufacturer of lubricating oil.

September 21, 1972
Pres. Ferdinand Marcos declares martial law. Proclamation No. 1081 (Proclaiming a State of Martial Law in the Philippines) remains in effect until 1981.

September 1974
MSC succeeds in concluding a viable refinancing program for itself. This is a major breakthrough for the company as it had been badly hobbled by financial obligations since 1973.

September 30, 1991
The Supreme Court rules that there are no legal obstacles to First Holdings’ (the former MSC’s) reassertion of control over Meralco. It compels the Sandiganbayan to lift the sequestration on the Meralco shares.

September 7, 1994
Napocor turns over the Rockwell plant to Meralco. Meralco, First Holdings and Benpres (now Lopez Holdings) then embark on the development of Rockwell Center, transforming the prime land in Makati into a leading-edge residential and commercial area.

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