First Philippine is a holding company. Co. conducts its business in four segment: Power generation, which includes the power generation operations and related subsidiaries; Real estate development, which consists of the residential and commercial real estate development and leasing business, and the sale of industrial lots and ready-built factories; Manufacturing, which includes the production of electrical and photovoltaic components of subsidiaries; and Construction and other services, which include construction and drilling services, oil transport and other service and investment holding companies within Co.
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Many years later, our business model remains because little has changed on Wall Street.
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