Sangley Point consortium signs deal with Cavite LGU

Date Published: February 8, 2023

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 ...

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ALFONSO YUCHENGCO | Longer than a century

Date Published: February 6, 2023

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 ...

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RCBC to spin off trust group into new firm

Date Published: December 27, 2022

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 ...

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PetroGreen building 27MWac solar project in Bohol

Date Published: October 7, 2022

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 ...

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Mapua University top-performing school in Aug 2022 Sanitary Engineer Licensure Exam

Date Published: October 7, 2022

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 ...

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PetroEnergy sells 25% equity in RE unit to Japanese firm

Date Published: September 27, 2022

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 ...

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Multinational consortium bags $11 billion Sangley Point International Airport Project

Date Published: September 27, 2022

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 ...

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Yuchengco holding firm profit gets a boost from asset sale

Date Published: September 2, 2022

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 ...

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SPIA bags $11-B Sangley airport contract

Date Published: September 2, 2022

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 ...

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Yuchengcos see Sangley airport as new premier gateway

Date Published: July 14, 2022

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 ...

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Cavite opens Swiss challenge process for Sangley airport

Date Published: July 11, 2022

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 ...

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PetroEnergy to develop offshore wind farms with foreign partner

Date Published: July 5, 2022

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 ...

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House of Investments buys A.T. Yuchengco Centre

Date Published: June 21, 2022

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,” ...

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Yuchengco’s House of Investments gains P390M from Japanese trading firm Sojitz’s initial 15% stake in its Makati project

Date Published: May 18, 2022

Source: www.bilyonaryo.com

House of Investments (HI) chaired by bilyonaryo Helen Yuchengco-Dee booked a chunk of cash from the initial investment of sogo sosha Sojjitz into its Makati project.

Sojitz, which was formed from the merger of Nissho Iwai and Nichimen Holdings in 2004, bought a 15 percent stake in HI’s wholly-owned subsidiary, San Lorenzo Ruiz Investment Holdings and Services (SLR), for P674.2254 million on 23 February 2022.

HI said the purchase yielded P389.17 million in gains for the publicly-listed holding firm..

Two weeks before ...

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YGC Core Values

YGC Core Values

Date Published: April 4, 2022

Source: www.youtube.com

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