A breakthrough in education
Source: https://www.philstar.com/
Someone once said that an investment in knowledge pays the best interest.
It’s the reason that every Filipino parent’s dream is to bequeath his or her children a good education.
I very much agree with this. I’ve always believed in the potential of the Filipino. Filipinos, as we all know, are indeed among the most highly skilled, adaptable, resilient and smartest people in the world.
Imagine how much more an ordinary Filipino can achieve if given the opportunity of a great education, ...
Mapua trailblazes road to globalization of education in Philippines
Source: https://www.philstar.com/
MANILA, Philippines — With the technological breakthrough brought about by the use of online tools at the height of the pandemic, Philippine schools quickly adapted to the digital transformation to ensure the continuity of learning through a health crisis.
Mapúa University, an affiliate of the Yuchengco Group of Companies, is paving the way for the adoption of outcomes-based education (OBE) to make the country’s education system more integrated into the global system.
“Certain professions, through international bodies, have formulated and prescribed desired ...
Sangley Point consortium signs deal with Cavite LGU
Source: https://www.philstar.com/
MANILA, Philippines — The development of the $11-billion Sangley Point International Airport (SPIA) has moved a step closer to reality now that its private sector proponents have finally signed the development agreement with the local government of Cavite.
In a disclosure yesterday, the Yuchengco Group’s House of Investments said that, together with the other consortium members for the SPIA, it had signed the joint venture and development agreement with the provincial government of Cavite.
The SPIA Development Consortium, which received the ...
ALFONSO YUCHENGCO | Longer than a century
Source: https://business.inquirer.net
100 years ago, on February 6, 1923, Alfonso T. Yuchengco was born the only boy to a household that had been waiting for his arrival. His father, Enrique Yuchengco, had established himself as one of the most successful Chinese- Filipino businessmen of his time, and in the tradition of their time, he had been hoping for a male heir that would take on the family enterprise. Whenever Enrique’s wife Maria Hao Tay gave birth to a girl, the baby lived ...
RCBC to spin off trust group into new firm
Source: https://business.inquirer.net/
Rizal Commercial Banking Corp. (RCBC) announced its move to establish a stand-alone trust corporation, with its affiliate House of Investment co-investing in this venture.
In a disclosure on Tuesday, the Yuchengco-led bank said its board of directors had approved its plan to spin off its trust and investments group into a stand-alone trust company.
Regina Capital Development Corp. head of sales Luis Limlingan told the Inquirer that the spin-off was a “statement that RCBC has solidly established its confidence in the ...
PetroGreen building 27MWac solar project in Bohol
Source: https://powerphilippines.com/
Yuchengco-led PetroGreen Energy Corporation (PGEC) is set to construct a 27-megawatt-AC solar power project in Brgy. San Vicente, Dagohoy in Bohol.
The project, dubbed the Dagohoy Solar Power Project (DSPP), would be placed on a 22-hectare site and is set to use 61,200 solar panels.
“Once operational, we expect DSPP to produce approximately 36 GWh of electricity annually, enough to serve around 15,000 households,” PGEC assistant vice president for operations Maria Victoria Olivar said in a statement.
PGEC is currently completing its ...
Mapua University top-performing school in Aug 2022 Sanitary Engineer Licensure Exam
Source: https://www.manilatimes.net/
THE Professional Regulation Commission (PRC) announced that 67 examinees passed the August 2022 Sanitary Engineer Computer-Based Licensure Examination out of the 189 who took it.
Mapua University in Manila was the lone top-performing school in the examination with 10 or more examinees and with at least an 80 percent passing rate after 15 of its 18 examinees passed (83.33 percent passing rate).
The list of successful examinees may be viewed on the PRC website at prc.gov.ph.
“The three-day examination was held in PRC-PICC ...
PetroEnergy sells 25% equity in RE unit to Japanese firm
Source: https://mb.com.ph/
The renewable energy investment arm of Yuchengco-led PetroEnergy Resources Corporation (PERC) sold 25 percent of its shareholdings to Japanese firm Kyuden International Corporation (KIC), a wholly owned subsidiary of Kyushu Electric Power Co. Inc.
In a statement to the media, the Yuchengco company said the shares divestment will come from PetroGreen Energy Corporation (PGEC), which handles the group’s wind and solar farm installations as well as its geothermal facility development.
PERC emphasized that its board of directors already approved the signing ...
Multinational consortium bags $11 billion Sangley Point International Airport Project
Source: https://news.abs-cbn.com/
MANILA – The Province of Cavite has formally given the Notice of Award to the SPIA Development Consortium for the development of the $11 billion Sangley Point International Airport, a consortium member said Thursday.
The SPIA Development Consortium is led by infrastructure developer Cavitex Holdings Inc, financial firm House of Investments Inc and Samsung C & T Corp, with other members including LT Group’s aviation service arm MacroAsia Corp, Munich Airport International GmbH, and Ove Arup & Partners Hong ...
Yuchengco holding firm profit gets a boost from asset sale
Source: www.bilyonaryo.com/
House of Investments (HI) booked a 29 percent spike in its first half earnings to P1.12 billion, largely because of a gain from the sale of shares and higher contributions from the automotive and education businesses.
The Yuchengco conglomerate led by Helen Yuchengco-Dee reported a P389.2 million gain on sale of shares, making up for the drop in revenues.
Revenues dipped 12 percent to P10.65 billion, primarily due to lower revenues from the construction segment due to lower production particularly from ...
SPIA bags $11-B Sangley airport contract
Source: https://business.inquirer.net/
The Virata-Yuchengco-led SPIA Development Consortium is poised to bag next month the contract to build and operate the $11-billion Sangley Point International Airport (SPIA) project after successfully hurdling the competitive challenge made by the Cavite government.
According to a document sent to the Inquirer, Leonides Virata of SPIA Development Consortium member Cavitex Holdings Inc. was invited by the local government to attend the awarding and signing ceremony of the much-awaited airport project, tentatively scheduled for Sept.14.
This, after the Cavite government’s ...
Yuchengcos see Sangley airport as new premier gateway
Source: www.philstar.com
MANILA, Philippines — The Yuchengco Group is optimistic on the viability of the Sangley Point International Airport in Cavite as the country’s future premier international gateway, its chairperson Helen Yuchengco-Dee told The STAR.
The House of Investments (HI), the investment holding and management company of the Yuchengco Group, is one of co-lead Philippine proponents of the consortium behind the Sangley airport project.
“We participated in this consortium, which submitted the unsolicited proposal last November 2021, because we like the development proposition ...
Cavite opens Swiss challenge process for Sangley airport
Source: https://www.bworldonline.com/
CAVITE province said it is soliciting alternate bids challenging the unsolicited proposal submitted by the SPIA Development Consortium, which is seeking to redevelop the Sangley Point military airfield into an international airport.
“We are waiting for the 30-day Swiss challenge,” Cavite Governor Juanito Victor C. Remulla, Jr. told BusinessWorld in a phone message on Tuesday, when asked for an update on the project.
Cavite has been pushing for a Sangley Point International Airport as an alternative to the Ninoy Aquino International Airport (NAIA), the ...
PetroEnergy to develop offshore wind farms with foreign partner
Source: https://bworldonline.com
PETROENERGY Resources Corp. is planning to develop the three offshore wind power projects in its pipeline with a foreign partner, the Yuchengcos’ energy arm said in a regulatory filing on Tuesday.
“These projects will be developed by PGEC (PetroGreen Energy Corp.) alongside a foreign partner,” the listed company said in its information statement submitted to the Philippine Stock Exchange.
PetroEnergy did not disclose the identity of the foreign partner nor the status of its partnership, but it said one of the ...
House of Investments buys A.T. Yuchengco Centre
Source: www.bworldonline.com
HOUSE of Investments, Inc. (HI), the investment holding and management company of the Yuchengco group, has approved the purchase of A.T. Yuchengco Centre from its affiliate bank Rizal Commercial Banking Corp. (RCBC) for P6.07 billion.
The purchase is part of the firm’s long-term plans to consolidate the property interests of the conglomerate.
“This is part of our strategy to realign the businesses of YGC, and strengthen the conglomerate’s position with a more holistic approach in the property development and management sector,” ...