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MANILA, Philippines —The Yuchengco Group’s House of Investments (HI) saw its shares rally over 8 percent on Monday after announcing a pivot to financial services, fueling market speculation it could also consolidate other family assets into the publicly-listed holding company. The company, which sold majority of its shares in construction giant EEI Corp. to outside…
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Source: https://business.inquirer.net/ MANILA —A unit of Yuchengco-led House of Investments (HI) bought from Rizal Commercial Banking Corp. a P2.7-billion property in Tarlac, which it intends to develop in the future. The listed holding firm said its subsidiary, real estate developer Tarlac Terra Ventures Inc., purchased a 184-hectare (ha) property at Central Techno Park in Luisita…
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The Bugallon Solar Power Project is expected to supply clean and renewable power in the area by the last quarter of 2024. Once operational, the facility is expected to generate 41,000 MWh of power annually and reduce carbon emissions by 29,056 metric tons The Yuchengco group’s PetroGreen Energy Corp., or PGEC, is moving to formally…
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RCBC Plaza has recently included the Embassy of Ireland among its roster of clients, making it the eighth diplomatic mission housed in the iconic business complex. This is the first permanent chancery that Ireland has established in the Philippines and is expected to be instrumental in strengthening the nation’s political and economic ties. The opening…
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MANILA -A unit of Yuchengco-led PetroGreen Energy Corp. will supply Shell Energy Philippines Inc. (SEPH) with renewable energy coming from its solar power plant in Tarlac City. Under the power supply agreement signed last Sept. 20, PetroSolar Corp., a subsidiary of PetroGreen, will source clean energy from its 20-megawatt (MW) Tarlac-2 solar plant located in…
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MAPÚA University targets to double its enrollment count in the coming years in line with the 10-year development plan of Ayala-Yuchengco-led iPeople, Inc., its top official said on Thursday. “Our target is to continually increase [the number of enrollments],” Mapúa President and Chief Executive Officer Dodjie S. Maestrecampo said in a media briefing. “I think…
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MANILA, Philippines — Mapúa University has announced the appointment of longtime administrator and chemical engineer Dodjie Maestrecampo as its new president and chief executive officer. Maestrecampo succeeded Reynaldo Vea, who capped his 23-year tenure as head of the university last June. Prior to his new appointment, Maestrecampo was president of Mapúa Malayan Colleges in Laguna…
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THE BOARD of directors of Yuchengco-led House of Investments, Inc. has approved the sale of 14.346% of EEI Corp.’s common shares to Industry Holdings and Development Corp. (IHDC). “IHDC’s entry as a strategic partner is deemed beneficial to EEI’s growth plans and restructuring efforts,” the listed holding firm said in a regulatory filing on Monday.…
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EEI Corp. has appointed Lorenzo V. Tan chairman of the listed construction and engineering services company, replacing Helen Y. Dee who stepped down for personal reasons. In a stock market filing, the company said it had voted to appoint Mr. Tan, who is also president and chief executive officer of House of Investments, Inc., on…
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Source: https://www.philstar.com/ MANILA, Philippines (As released) — The Yuchengco Group will put its insurance and property business under House of Investments Inc. (HI), to add to its current construction, education and renewable energy businesses. It will also sell some shares from its construction business (EEI) to a strategic partner. The funds will be used to reduce its…
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Source: https://business.inquirer.net/ MANILA -The family of House Speaker Martin Romualdez is buying a 20-percent stake in the Yuchengco Group’s EEI Corp., one of the country’s biggest construction companies. House of Investments, chaired by businesswoman and heiress Helen Y. Dee, said in a stock exchange filing on Wednesday it would sell the shares to Romualdez’s private…
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Source: https://www.philstar.com/ As women’s month comes to a close, it’s just fitting to pay tribute to women who successfully broke the glass ceiling and continue to do so as they lead organizations – big or small – which one way or another positively impact the Philippines. There are many of them – too many to…
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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…
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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…
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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…
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