MAY 2018 ISSUE
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TELESCOOP14thRepresentativeAssemblycentersonthethemeSustainableGrowth
TELESCOOP Board of Directors during the 14th TELESCOOP Representative Assembly held on March 10, 2018 at the MetroTent in Ortigas, Pasig City. Sustainable Growth was the central theme of the 14th TELESCOOP Representative Assembly, held last March 10, 2018 at the MetroTent, Metrowalk Commercial Complex, Meralco Avenue, Ortigas, Pasig City. A total of 882 Representatives TELESCOOP Chairperson Marcos R. De Leon, in his message, mentioned that like any other Business Owners, Shareholders and Stakeholders, TELESCOOP aspires for the expansion of its market share as well as for the sustainable growth of its business operations towards its golden anniversary year in 2026 and beyond. Driven and motivated by this guiding direction, we need to be proactive, innovative and decisive in our plans and actions. However, we always hold dear and anchor our values on the principle that the welfare and benefit of our members come first and foremost. He also said that for this purpose, we also endeavor our Officers, Members and Stakeholders to contribute and act as a united force towards the realization of this prime objective. Chairperson De Leon highlighted
from Metro Manila and Provincial areas from PLDT Inc., PLDT Inc. Subsidiaries and Affiliates as well as from the Non-Payroll Group, attended the yearly Representative Assembly.
the results of the 2017 operations which generated significant and highly laudable financial results. These are: • Increase of nine percent (9%) in Gross Income from P227,771,249 in 2016 to P 248,717,602 in 2017. • Increase of eight percent (8%) in Net Surplus from P79,224,228 in 2016 to P85,443,191 in 2017. • Increase of eight percent (8%) in the combined Interest on Share Capital and Patronage Refund from P55,456,960 in 2016 to P59,803,233 in 2017. • Increase of thirteen percent (13%) in Assets from P2,375,287,592 in 2016 to P2,694,269,454 in 2017. In compliance with the requirements of the Cooperative laws, all Resolutions and
Amendments to the TELESCOOP Articles of Cooperation and By-Laws have been approved and ratified by the Representative Assembly. Re-elected Board of Directors were Gerardo Jose V. Castro, Silverio S. Ibay, Jr., Ernesto C. Miranda and Emiliano R. Tanchico, together with the Members of the Audit Committee namely: Gerardo C. Aguinaga, Jonathan R. Mallare, and Roderick Ramon F. Santos. Romulo M. Diño was likewise re-elected as Member of the Election Committee.
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TELESCOOP partners with ePLDT, Inc. to adopt Microsoft Office 365 Page 3