Yuchengco’s iPeople on track to hit targets despite lower Q1 profit
Source: www.bworldonline.com
IPeople, Inc., which operates Mapua University, said in a statement that its Senior High School (SHS) program could mitigate the effects of the K-12 program on the company’s financial performance.
The listed firm posted earnings of P136 million in the first three months of 2017, lower than the P209 million it delivered in the same period in 2016 following a 15% year-on-year decline in consolidated revenues to P543 million.
“Based on Q1 results, we are on track to meet our 2017 targets. ...
Mapúa Institute of Technology now a university
Source: GMA News Online
The Mapua Institute of Technology is now Mapua University after it received its university status grant from the Commission on Higher Education (CHED) on Thursday.
“The grant of university status caps a protracted process of quality enhancement in Mapúa education and of research capability building. We feel fulfilled and honored by this award. It behooves us to strive to reach greater heights,” said Mapúa president and chief executive officer Dr. Reynaldo B. Vea in a news release posted ...
EEI rolls out scaffolding rental business
Source: Inquirer.net
Yuchengco group-led construction firm EEI Corp. has rolled out a new scaffolding and formworks rental business in partnership with two Japanese firms.
The new unit JP System Asia Inc. (JPSAI) is a joint venture among EEI’s subsidiary Equipment Engineers Inc., Japan’s leading scaffolding and allied products rental company Sansin Sangyo Co. Ltd. and KYC Machine Industry Co. Ltd., a Japanese construction machine manufacturer.
In a disclosure to the Philippine Stock Exchange on Friday, EEI said JPSAI had been formally launched in April.
JPSAI ...
PetroEnergy 1Q, 2017 consolidated net income up by 300%
PetroEnergy 1Q, 2017 consolidated net income up by 300% PetroEnergy Resources Corporation (PERC) posted a 327% increase in its consolidated net income of US$ 4.306MM in 1Q 2017 compared to US$ 1.009MM in the same period last year. The 4-fold surge was mainly due to higher electricity sales from the Company’s renewable energy (RE) development and power generation assets and slightly higher crude oil revenues from the Gabon oil production. For the same reason, the net income attributed to equity ...
Lourdes Elementary School (LES) Kinder Classroom Groundbreaking Ceremony
PetroSolar Corporation (PSC) held a ceremonial groundbreaking for LES Kinder Classroom in Lourdes Elementary School, Tarlac. The event held last March 7, 2017 was led by LES principal Romeo Hipolito, DepEd District Supervisor Lutgarda Vitug, and Barangay captain Edison Diaz. Also present during the ceremony were Tarlac City Mayor Chief of Staff Lori Ledesma, PSC Vice President Francisco Delfin, PSC Project Manager Fermin Chavez, and Brgy. Council of Lourdes
The 63 sqm kinder classroom It will also be used as Science ...
PetroSolar Corporation Continues its Educational Assistance Project in Tarlac City
In line with PetroSolar Corporation’s (PSCP commitment for the betterment of its host communities, the 2nd tranches of educational assistance were awarded to Lourdes Elementary School on January 11 and to Balete Elementary School on January 12, 2017. The donation will benefit almost 300 students from both schools. The fund will be managed by their respective Parents-Teacher Associations and will be used for different projects such as school vegetable gardening, sports equipment procurement, support for sports activities, solid waste management ...
PetroEnergy gets guaranteed rate for solar plant
Source: Inquirer.net
A unit of PetroEnergy Resources Corp. (Perc) has secured a regulatory approval to operate a 50-megawatt (MW) solar power plant in Tarlac via an incentives scheme.
Perc disclosed Wednesday the Energy Regulatory Commission approved the certificate of compliance as a Feed-in-Tariff (FIT) eligible power plant of PetroSolar Corp.’s Tarlac-1 Solar Power Project.
Under the FIT scheme, power plant operators are given guaranteed returns, in the form of uniform charges to end-consumers, to make their projects viable.
Perc president Milagros V. Reyes said the ...
Mapua to open Davao City campus by 2018
Source: Inquirer.net
YUCHENGCO-led Mapua Institute of Technology, the country’s largest engineering school, is set to enter Mindanao’s education space with the opening of a new campus in Davao City by July 2018. In a disclosure to the Philippine Stock Exchange on Friday, Yuchengco-led iPeople Inc. (IPO) announced that its subsidiary Malayan Colleges Inc. – which operates the education enterprise under the Mapua brand – had set up a new subsidiary to support and operate the group’s expansion in the education sector in the ...
