'I've Deeds of Trust, Stock Certificates'

Philippine Daily Inquirer

Sunday, December 6, 1998

Metro

150 companies

According to her, the assets that she was about to recover involved some 150 blue-chip companies throughout the country.

She furnished the INQUIRER a list of companies, most of which belong to the country’s top 1,000. About half of the firms in the list are publicly listed.

Besides PLDT and PAL, among the big firms that Ms. Marcos wants to recover are Fortune Tobacco Corp., Allied Banking Corp., United Coconut Planters Bank, San Miguel, Manila Bulletin Publishing Corp., Manila Electric Co. and Independent Realty Corp.

Ms. Marcos also wants to regain control of beach resorts and hotels, such as Silahis International Hotel (renamed Hotel Sofitel), Holiday Inn (now Traders Hotel), Puerto Azul and Philippine Village Hotel.

She said she was also looking forward to regain controlling broadcast stations RPN-9, IBC-13 and Banahaw Broadcasting Co.

Mining Firms

Among the mining and oil firms that she wants back are Oriental Petroleum and Minerals Corp., Philex Mining Corp., Philippine Overseas Drilling and Oil Development Corp., Marcopper Mining Co. Inc., Trans-Asia Oil and Minerals Co. Inc., Atlas Consolidated Mining and Development Corp., Balabac Oil and Exploration Co. Inc., Land Oil Resources Corp. and Piedras Petroleum Co. Inc.

“We also want to find out why some of the firms went bankrupt,” Ms. Marcos said.

She stressed that she would run after the big firms that were put up by the cronies “using Marcos money emanating from the existing holding companies” after the Marcoses were ousted from power.

She was referring to Tan’s acquisition of the national flag carrier.

“Lucio Tan brought PAL using money from Fortune Tobacco and Allied Bank, both of which are majority owned by Marcoses,” she said.