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Source: https://www.railwaypro.com Philippines Department of Transport announced that six companies submitted their offer for the Contract Packages 4 and 5 of PNR Clark Phase 2 project, which is part of North-South Commuter Railway (NSCR). Companies that participated in the bidding are EEI (Philippines), Acciona (Spain), GS Engineering & Construction (Korea), Posco Engineering & Construction (Korea),…

Source: https://www.bworldonline.com THE Yuchengcos’ energy arm PetroEnergy Resources Corp. said on Tuesday that its renewable energy unit had been awarded by the Energy department a service contract for a wind farm in San Vicente, Palawan. In a disclosure, it said the subsidiary PetroGreen Energy Corp. received the wind energy service contract from the Department of…

Source: https://www.goodnewspilipinas.com University technology researches like UP Diliman’s Fish-I are being made into real products through the DOST FASTRAC program. Five technology research projects from the University of the Philippines Diliman, De La Salle University, and Mapua University are being established as startup companies with market-ready products in a spin-off project of the Department of…

Source: https://www.philstar.com NABAS, Aklan , Philippines — Yuchengco-led PetroWind Energy Inc. (PWEI) is expanding its wind farm here by another 14 megawatts, a ranking official said. The project expansion, estimated to cost P1.4 billion, will bring the total capacity of the Nabas wind project to a peak of 50 MW, PWEI executive vice president Francisco…

Source: https://www.philstar.com MANILA, Philippines — Banker Lorenzo Tan is back with the Yuchengco Group after resigning as president and CEO of Rizal Commercial Banking Corp. in 2016 in the midst of the $81 million money laundering issue that rocked the country and the bank at the time. Yuchengco-owned House of Investments Inc. announced yesterday the…

MAKATI, Philippines – May 2, 2019 House of Investments Inc. (“HI”) and its education holding company iPeople, inc. (“iPeople”), and Ayala Corporation (“AC”) and its wholly-owned education subsidiary AC Education, Inc. (“AC Education”), announced the completion of the merger of AC Education with iPeople. The merger has received all necessary board, stockholder and regulatory approvals…

Source: https://www.philstar.com MANILA, Philippines — Listed House of Investments Inc. (HI), one of the four major flagship corporations of the Yuchengco Group of Companies (YGC), beefed up its afterlife service business by raising its stake in La Funeraria Paz-Sucat Inc. The investment holding and management company with a diversified portfolio acquired additional shares of La…

Source: https://www.philstar.com MANILA, Philippines — A consortium of Japanese and Filipino firms has bagged the contract to design and build the first phase of the Metro Manila subway project, which will commence construction this week. The Department of Transportation (DOTr) said it has signed the design and build contract for the Metro Manila Subway’s first…

Source: https://www.bworldonline.com THE education arm of the Yuchengco group will be investing P2.5 billion to develop a new Mapua campus in Makati City. In a disclosure to the stock exchange last week, iPeople, Inc. said its subsidiary Malayan Education Systems, Inc. (MESI) has acquired a 5,114-square meter property along P. Ocampo, Sr. Ave., Makati City.…

Source: https://www./business.inquirer.net Yuchengco-led construction and engineering firm EEI Corp. is diversifying into biotechnology by taking over Biotech JP Corp., a company that manufactures therapeutic food products using Japanese-patented technology. In a disclosure to the Philippine Stock Exchange yesterday, EEI said it would acquire a 60-percent stake in Biotech JP, which uses Japanese-patented bacteria biotechnology for preserving…

MAKATI, Philippines – October 1, 2018  House of Investments Inc. (“HI”), HI’s education holding company iPeople, inc. (“iPeople”), Ayala Corporation (“AC”) and AC’s wholly-owned education subsidiary AC Education, Inc. (“AC Education”) signed the definitive agreements for the merger of AC Education with iPeople.  The merger shall be subject to the approval of the stockholders of…

Source: www.bworldonline.com THE Ayala and Yuchengco groups have approved the merger of their education businesses valued at around P15.5 billion, with listed firm iPeople, Inc. to be the surviving entity. In a joint statement filed after trading hours on Monday, Ayala Corp. (AC) and Yuchengco-led House of Investments, Inc. (HI) said they have signed the…

Source: business.inquirer.net PetroSolar Corp. yesterday said it had secured the registration at the Board of Investments of its 20-megawatt “Tarlac-2” project. “With BOI’s award of the incentives registration for our Tarlac-2 project, PetroSolar is closer to securing the confirmation of commerciality from the Department of Energy (DOE) needed for project construction to begin,” PetroSolar president…

Mapúa University sustained its excellent performance in board examinations, producing another topnotcher in the June 2018 Architect Licensure Examination. Garnering an 82.10% rating, Arch. Enelle Louie H. Marallag placed 10th in the board examination administered by the Professional Regulation Commission (PRC). This achievement follows up the University and its alumni’s success in the January 2018 Architect…

Mapúa University takes pride in its growing list of exemplary graduates with a number of Mapúans finishing this year’s board examinations with high marks, earning them spots in the Top 10 board passers. Peter Matthew Paul T. Fowler, with a rating of 83%, ranked first in the May 2018 Chemical Engineer Licensure Examination. Out of…