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Source: https://businessmirror.com.ph THE Department of Public Works and Highways (DPWH), with the support of private firms EEI Corporation and the Villar-led Vista Land Group, has completed the construction works of the health facility at Philippine International Convention Center (PICC) Forum Halls in just seven days. Secretary Mark A. Villar announced that civil works for the…

Source:https://www.ipophil.gov.ph/ Once again, Filipino ingenuity and our bayanihan spirit rose to the occasion in the midst of dwindling supplies in a public health battle. Among those who served as beacons of hope were partners of the Intellectual Property Office of the Philippines (IPOPHL) such as the Department of Science and Technology (DOST) and universities and…

Source:https://www.bworldonline.com THE Yuchengco Group of Companies (YGC) is assuring its employees that they will not lose their jobs and their salaries while Luzon is under enhanced community quarantine. In a statement Monday, the conglomerate said it is abiding by the request of the Labor department to provide financial assistance to employees during this time. “I…

Source: https://news.abs-cbn.com A man passes through disinfection booths known as “GOCLEAN Chambers” and designed by engineers connected to Mapua university set up to stem the spread of COVID-19 at the entrance of the city hall of Quezon City on Friday. In an interview on Wednesday, Quezon City Mayor Joy Belmonte said three of the “hot…

Source: https://www.philstar.com/ MANILA, Philippines — In line with efforts to help both medical frontliners and patients in the battle against COVID-19, EEI Corp. has made available 64 modules to hospitals across Luzon. The Yuchengco-led firm said from the eight hospitals they identified to be in most need of the modules, eight units will be provided…

Source: https://www.railwaypro.com Philippines Department of Transport announced that six companies submitted their offer for the Contract Packages 4 and 5 of PNR Clark Phase 2 project, which is part of North-South Commuter Railway (NSCR). Companies that participated in the bidding are EEI (Philippines), Acciona (Spain), GS Engineering & Construction (Korea), Posco Engineering & Construction (Korea),…

Source: https://www.bworldonline.com THE Yuchengcos’ energy arm PetroEnergy Resources Corp. said on Tuesday that its renewable energy unit had been awarded by the Energy department a service contract for a wind farm in San Vicente, Palawan. In a disclosure, it said the subsidiary PetroGreen Energy Corp. received the wind energy service contract from the Department of…

Source: https://www.goodnewspilipinas.com University technology researches like UP Diliman’s Fish-I are being made into real products through the DOST FASTRAC program. Five technology research projects from the University of the Philippines Diliman, De La Salle University, and Mapua University are being established as startup companies with market-ready products in a spin-off project of the Department of…

Source: https://www.philstar.com NABAS, Aklan , Philippines — Yuchengco-led PetroWind Energy Inc. (PWEI) is expanding its wind farm here by another 14 megawatts, a ranking official said. The project expansion, estimated to cost P1.4 billion, will bring the total capacity of the Nabas wind project to a peak of 50 MW, PWEI executive vice president Francisco…

Source: https://www.philstar.com MANILA, Philippines — Banker Lorenzo Tan is back with the Yuchengco Group after resigning as president and CEO of Rizal Commercial Banking Corp. in 2016 in the midst of the $81 million money laundering issue that rocked the country and the bank at the time. Yuchengco-owned House of Investments Inc. announced yesterday the…

MAKATI, Philippines – May 2, 2019 House of Investments Inc. (“HI”) and its education holding company iPeople, inc. (“iPeople”), and Ayala Corporation (“AC”) and its wholly-owned education subsidiary AC Education, Inc. (“AC Education”), announced the completion of the merger of AC Education with iPeople. The merger has received all necessary board, stockholder and regulatory approvals…

Source: https://www.philstar.com MANILA, Philippines — Listed House of Investments Inc. (HI), one of the four major flagship corporations of the Yuchengco Group of Companies (YGC), beefed up its afterlife service business by raising its stake in La Funeraria Paz-Sucat Inc. The investment holding and management company with a diversified portfolio acquired additional shares of La…

Source: https://www.philstar.com MANILA, Philippines — A consortium of Japanese and Filipino firms has bagged the contract to design and build the first phase of the Metro Manila subway project, which will commence construction this week. The Department of Transportation (DOTr) said it has signed the design and build contract for the Metro Manila Subway’s first…

Source: https://www.bworldonline.com THE education arm of the Yuchengco group will be investing P2.5 billion to develop a new Mapua campus in Makati City. In a disclosure to the stock exchange last week, iPeople, Inc. said its subsidiary Malayan Education Systems, Inc. (MESI) has acquired a 5,114-square meter property along P. Ocampo, Sr. Ave., Makati City.…

Source: https://www./business.inquirer.net Yuchengco-led construction and engineering firm EEI Corp. is diversifying into biotechnology by taking over Biotech JP Corp., a company that manufactures therapeutic food products using Japanese-patented technology. In a disclosure to the Philippine Stock Exchange yesterday, EEI said it would acquire a 60-percent stake in Biotech JP, which uses Japanese-patented bacteria biotechnology for preserving…