From his mother, Senator Loren Legarda, to Manny Pangilinan and Elon Musk, here's a deep dive on Leandro Leviste's influences and big moves (so far) in business
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He bought the shares at a great discount, as ABS-CBN shares tanked after the network lost its franchise in 2020 amid tirades of former president Rodrigo Duterte. Prior to the House of Representatives revoking its franchise, ABS-CBN shares were trading at over P20 a piece. Values have fallen to single-digit in recent years amid the company’s losses.
“ABS-CBN is a great company that has helped countless people over the years. I hope there may now be a way for us to be of help, for the benefit of ABS-CBN’s shareholders and employees, and the media industry of the Philippines,” Leviste said.On May 6, 2022 or three days before the national and local elections, Leviste published a column in thewhich enumerated Legarda’s achievements as a news anchor, politician, and single mother. Legarda was then seeking a return to the Senate.
Leandro published this letter days after his older brother published a scathing write-up against their mother.published on Rappler last May 4, 2022, five days before the elections, Lorenzo expressed his deep disgust and pain over his mother’s decision to endorse the candidates of the UniTeam Ferdinand Marcos Jr. and Sara Duterte.
“I was a sophomore when I started this business and then became a believer that the best way to create change is no longer through government, but through the private sector because of the many constraints of creating change in a very rigid system,” Leviste said. In 2014, Solar Philippines completed the solar panel rooftop installation in SM City North EDSA which has 5,760 solar panels installed. At that time, it was the largest solar-powered rooftop installation on a mall, not just in the Philippines, but in the world.
In 2018, he founded Solar Para sa Bayan, which develops microgrid systems by combining solar panels, battery storage, and backup generators to supply reliable electricity in off-grid areas. It also engaged local government units to implement these solar projects. Nonetheless, Leviste’s dream of building the world’s largest solar farm with a 3,500-megawatt capacity is still pushing through via subsidiary Terra Solar Corporation, with Pangilinan mulling an equity sale to fund the P200-billion project.
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