Posts by webadmin

iPeople, inc. (“iPeople”), the listed holding company for the education sector of House of Investments Inc., a member of the Yuchengco Group of Companies, and AC Education, Inc. (“AEI”), the wholly-owned education arm of Ayala Corporation, have executed a Non-Binding term sheet for their potential merger.  Under the Non-Binding term sheet, the parties agreed to…

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…

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…

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…

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…

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…

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…

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…

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…