Embracing the FUTURE
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To ensure our clients, employees and shareholders quality services, we at ATN HOLDINGS, INC. must be able to manage and mitigate risks faced across the entire organization such as operative risks, economic risks and strategic threats. ATN HOLDINGS, INC. is a company with a diverse portfolio ranging from real estate properties, healthcare investments and renewable power generation. The company continuously strives to create value through the company’s real estate sales and rentals, which are dependent on the growth and development of the Philippine Economy. ATN HOLDINGS, INC. intends to pursue opportunities in renewable energy, given the projected 4,000 MW deficit of power supply nationwide in the next three years.
Ultimately it is through effective risk management that the company can work towards its evolving success:
Type Of Risk | Risk Management |
Strategic | The company is competitive in terms of pricing its real estate properties for sale. Its low leverage allow the company to survive even during a slump in real-estate market. In addition, the company enjoys PEZA incentives in Summit One Tower Office Building. |
Economic | The company does not product any product. It sells real estate property in Summit One Tower and other minor land properties in compliance with real estate laws. Management observes that there is no probable governmental laws that may have significant effect in company operations. |
Operative | The company will continue focus on its existing principal activities and venture into renewal energy power generation. In addition, the company values its human resources and it has no plan to decrease the number of its employees. |
Government | ATN Regulatory and Compliance Management team closely monitors all laws and regulation requirements. Formal and informal training are conducted with applicable personnel to ensure accountability and areas of areas of responsibility are constantly exercised. In addition, information and communication channels are in place for ATN Management team to effectively carry out timely responses. |
Financial | The company’s income from various money market placements proceeds from sale/rental of its office and residential condominium units and service income from healthcare clinics are sufficient to satisfy its cash requirements. |