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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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