PetroGreen’s offshore wind projects lead new ventures endorsed for SIS

Date Published: January 18, 2022

Source: https://powerphilippines.com

Yuchengco-led PetroGreen Energy Corporation’s offshore wind projects lead the list of ten power ventures that the Department of Energy (DOE) endorsed to the National Grid Corporation of the Philippines (NGCP) for system impact study (SIS) last December.

PetroGreen’s largest project in the list is the 2,000-megawatt (MW) Northern Luzon Offshore Wind Power Project off the coast of Burgos, Bangui, and Pagudpud in Ilocos Norte. Based on the Global Wind Atlas (GWA), the area has a maximum wind speed of around ten ...

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EEI Corporation raises P6B from preferred sale

Date Published: January 18, 2022

Source: https://propertyreport.ph

EEI Corporation (EEI) listed its Series A and Series B preferred shares at the Philippine Stock Exchange (PSE) on Thursday, December 23. The preferred shares are traded under the stock symbols EEIPA and EEIPB.

EEI raised Php6 billion from the share issuance which will be used to finance the company’s future projects, pay short term loans, acquire new equipment and for general corporate purposes.

(from left, by row): EEI Chairperson Helen Y. Dee, PSE President and CEO Ramon S. Monzon, ...

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EEI, 90 years of building a better future for the next generation

Date Published: November 19, 2021

Source: philstar.com

MANILA, Philippines — In a world where companies come and go, only a few stood the test of time. One such company is the EEI Corporation (EEI), which marks this year its 90th anniversary.

Founded in 1931 as a machinery and mills supply house called Engineering Equipment and Supply Co. (EESCO), EEI soon expanded its operations to steel fabrication, metal works, general machine work and other services.

As the years progressed, the company dipped its fingers in other fields such as ...

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eCarga: A new digital logistics platform for shippers and truckers

Date Published: October 6, 2021

Source: bworldonline.com

Truck delivery services will be more accessible in a few taps with EEI Carga Digital Logistics Corporation, more known as eCarga, a Filipino-made digital logistics platform backed by EEI Corporation.

eCarga uses several online platforms to provide logistics solutions and make the delivery process convenient and efficient for shippers, truck owners, and drivers.

“EEI Carga was formed to address the demand from shippers, who are looking for convenient ways to reach professional truckers in the fulfillment of their cargo transport needs ...

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Helen Yuchengco Dee on a high as House of Investments posts outstanding turnaround

Date Published: August 10, 2021

Source: bilyonaryo.com

Yuchengco-led House of Investments is back in the black with a P610.8 million profit in the first half from a loss of P296.4 million, buoyed by the strong performance of its construction and education businesses.

Yuchengco-led House of Investments is back in the black with a P610.8 million profit in the first half from a loss of P296.4 million, buoyed by the strong performance of its construction and education businesses.

HI likewise attributed the strong bounceback to cost-reduction efforts implemented by ...

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Yuchengcos partner with Japan’s Sojitz to develop Makati property

Date Published: June 29, 2021

Source: bilyonaryo.com

Bilyonaryo Helen Yuchengco Dee has formed a new partnership with a Japanese trading firm to develop an idle property of her family’s House Investments in Makati.

Bilyonaryo Helen Yuchengco Dee has formed a new partnership with a Japanese trading firm to develop an idle property of her family’s House Investments in Makati.

The HI board chaired by Yuchengco Dee approved on June 25 a joint venture agreement with Sojitz to develop an idle property of San Lorenzo Ruiz Investment Holdings and ...

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Helen Yuchengco Dee drives House of Investments income higher in Q1

Date Published: May 24, 2021

Source: bilyonaryo.com

Yuchengco-led House of Investments Inc. reported a 23 percent jump in net income to P467.45 million in the first quarter as it managed to bring down costs.

The improved performance of associates likewise boosted the group’s profit. Equity in net earnings of associates grew by 14 percent to P311.38 million.

Consolidated revenues, however, fell 28.06 percent to P5.64 billion due to lower contributions from the construction, automotive and education businesses.

While the construction business is slowly picking up amidst the pandemic, domestic ...

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Mapúa’s civil, environmental, and geological engineering dean among Asia’s outstanding scientists

Date Published: May 24, 2021

Source: https://malaya.com.ph/

A Mapua University dean has been recognized as among the most outstanding scientists in Asia.

Dr. Francis Aldrine A. Uy, Mapúa dean of the School of Civil, Environmental, and Geological Engineering (CEGE) was one of eight Filipinos included in the Asian Scientist 100 recently released by Singapore-based Asian Scientist Magazine.

“I feel blessed and honored to represent the country in the prestigious list,” Uy shared.

Institutionalized in 2016, the annual list recognizes innovators and researchers that made an impact in their respective jurisdictions ...

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YGC’s HI Cars boosts business with after-sales service, new dealership

Date Published: May 15, 2021

Source: https://malaya.com.ph/

After a successful consolidation of dealerships in 2020, House of Investments (HI), a member of the Yuchengco Group of Companies (YGC), is looking at further boosting its Car business by expanding service offers and adding Geely Manila into its dealership portfolio.

Geely is a leading car manufacturing brand of the Geely Holding Group of China, which is the only private company in the Fortune Global 500. It also owns popular car brands like Volvo, Lotus, London Taxi and Proton.

Collectively known ...

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SGAP, YGC House of Investments gearing up for the opening of Geely Manila

Date Published: March 15, 2021

Source: https://www.c-magazine.com/

The Yuchengco Group of Companies is no stranger to the automotive dealership business, having a host of car brands under its belt. Now, it partners with Sojitz G Auto Philippines and breaks ground for the soon-to-rise Geely Manila.

In a simple groundbreaking ceremony held recently, YGC’s House of Investments and SGAP/Geely executives expressed their excitement and optimism about this new undertaking. While Geely already has a number of dealerships in Quezon City, as well as in various provinces around the ...

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YGC bares future–ready plans

Date Published: December 18, 2020

Source: https://www.philstar.com/

MANILA, Philippines — The Yuchengco Group of Companies, the conglomerate founded by the late tycoon Alfonso Yuchengco and which is now headed by his daughter Helen Dee, is embracing the new normal with a wide array of measures to enable the group to be future-ready.

At present, YGC’s business spans a wide array of industries, ranging from banking to international business partnerships, from financial services to construction, and from education to information technology. It is composed of listed bank Rizal ...

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House of Investments acquires property firm

Date Published: December 7, 2020

Source: https://www.bworldonline.com/

House of Investments, Inc. (HI) has acquired San Lorenzo Ruiz Investment Holdings and Services, Inc. (SLRIHSI) for P1.95 billion.

In a disclosure to the stock exchange, the listed holding company of the Yuchengco Group said it has acquired 11 million shares or 100% of the outstanding common stock of SLRIHSI.

The property company owns a lot in Makati City.

House of Investments businesses include include construction (EEI Corp.), education (iPeople Inc.), renewable energy (Petroenergy Resources Corp.), property (Manila Memorial Park Cemetery, Inc. ...

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Pinoy Student Wins International Engineering, Design Prize.

Date Published: November 24, 2020

Source: https://www.philstar.com/

Mapua University student Carvey Maigue has invented a new material, made from waste crop, which converts UV light into renewable energy.

MANILA, Philippines — A novel material made from rotting fruit and vegetables that absorbs stray ultraviolet light from the sun and converts it into renewable energy has landed its designer the first sustainability gong in this year’s James Dyson awards.

From a record 1,800 entries – despite the challenges of COVID-19 – the award was given to 27-year-old Carvey Ehren ...

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PetroWind Energy Named One of Top Community Care Companies in 2020

Date Published: October 12, 2020

Source: https://www.businessnewsasia.com/

The Yuchengco Group of Companies’ (YGC) PetroWind Energy Inc. (PWEI) was recognized as one of Top Community Care Companies in the 2020 Asia Corporate Excellence and Sustainability Awards (ACES) based in Kuala Lumpur.

ACES Awards honor individuals and firms in Asia for corporate leadership and corporate social responsibility under several categories – sustainability, green initiative, green innovation, and community care, among others.

ACES described PWEI as among those Asian companies who “have enriched the communities through various outreach initiatives and which ...

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Yuchengco group upbeat about recovery

Date Published: August 28, 2020

Source: https://www.manilatimes.net/

The Yuchengco Group of Companies (YGC) has said it is poised to recover from the impact of the coronavirus pandemic on the back of its “resourcefulness and creativity.”

In a statement on Monday, the conglomerate said its capacity to recover would depend on its banking, education, life and nonlife insurance, renewable energy, pharmaceuticals, and property services subsidiaries, which continued to operate amid state-imposed quarantine measures.

“If there is one thing this pandemic has taught us in YGC, it’s that our concerted ...

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