News

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…

MAKATI, Philippines – October 1, 2018  House of Investments Inc. (“HI”), HI’s education holding company iPeople, inc. (“iPeople”), Ayala Corporation (“AC”) and AC’s wholly-owned education subsidiary AC Education, Inc. (“AC Education”) signed the definitive agreements for the merger of AC Education with iPeople.  The merger shall be subject to the approval of the stockholders of…

Source: www.bworldonline.com THE Ayala and Yuchengco groups have approved the merger of their education businesses valued at around P15.5 billion, with listed firm iPeople, Inc. to be the surviving entity. In a joint statement filed after trading hours on Monday, Ayala Corp. (AC) and Yuchengco-led House of Investments, Inc. (HI) said they have signed the…

Source: business.inquirer.net PetroSolar Corp. yesterday said it had secured the registration at the Board of Investments of its 20-megawatt “Tarlac-2” project. “With BOI’s award of the incentives registration for our Tarlac-2 project, PetroSolar is closer to securing the confirmation of commerciality from the Department of Energy (DOE) needed for project construction to begin,” PetroSolar president…

Mapúa University sustained its excellent performance in board examinations, producing another topnotcher in the June 2018 Architect Licensure Examination. Garnering an 82.10% rating, Arch. Enelle Louie H. Marallag placed 10th in the board examination administered by the Professional Regulation Commission (PRC). This achievement follows up the University and its alumni’s success in the January 2018 Architect…

Mapúa University takes pride in its growing list of exemplary graduates with a number of Mapúans finishing this year’s board examinations with high marks, earning them spots in the Top 10 board passers. Peter Matthew Paul T. Fowler, with a rating of 83%, ranked first in the May 2018 Chemical Engineer Licensure Examination. Out of…

iPeople, inc. (“iPeople”), the listed holding company for the education sector of House of Investments Inc., a member of the Yuchengco Group of Companies, and AC Education, Inc. (“AEI”), the wholly-owned education arm of Ayala Corporation, have executed a Non-Binding term sheet for their potential merger.  Under the Non-Binding term sheet, the parties agreed to…

Source: www.bworldonline.com IPeople, Inc., which operates Mapua University, said in a statement that its Senior High School (SHS) program could mitigate the effects of the K-12 program on the company’s financial performance. The listed firm posted earnings of P136 million in the first three months of 2017, lower than the P209 million it delivered in the…

Source: GMA News Online The Mapua Institute of Technology is now Mapua University after it received its university status grant from the Commission on Higher Education (CHED) on Thursday. “The grant of university status caps a protracted process of quality enhancement in Mapúa education and of research capability building. We feel fulfilled and honored by…

Source: Inquirer.net Yuchengco group-led construction firm EEI Corp. has rolled out a new scaffolding and formworks rental business in partnership with two Japanese firms. The new unit JP System Asia Inc. (JPSAI) is a joint venture among EEI’s subsidiary Equipment Engineers Inc., Japan’s leading scaffolding and allied products rental company Sansin Sangyo Co. Ltd. and KYC…

PetroEnergy 1Q, 2017 consolidated net income up by 300% PetroEnergy Resources Corporation (PERC) posted a 327% increase in its consolidated net income of US$ 4.306MM in 1Q 2017 compared to US$ 1.009MM in the same period last year. The 4-fold surge was mainly due to higher electricity sales from the Company’s renewable energy (RE) development…

PetroSolar Corporation (PSC) held a ceremonial groundbreaking for LES Kinder Classroom in Lourdes Elementary School, Tarlac. The event held last March 7, 2017 was led by LES principal Romeo Hipolito, DepEd District Supervisor Lutgarda Vitug, and Barangay captain Edison Diaz. Also present during the ceremony were Tarlac City Mayor Chief of Staff Lori Ledesma, PSC…

In line with PetroSolar Corporation’s (PSCP commitment for the betterment of its host communities, the 2nd tranches of educational assistance were awarded to Lourdes Elementary School on January 11 and to Balete Elementary School on January 12, 2017. The donation will benefit almost 300 students from both schools. The fund will be managed by their…

Source: Inquirer.net A unit of PetroEnergy Resources Corp. (Perc) has secured a regulatory approval to operate a 50-megawatt (MW) solar power plant in Tarlac via an incentives scheme. Perc disclosed Wednesday the Energy Regulatory Commission approved the certificate of compliance as a Feed-in-Tariff (FIT) eligible power plant of PetroSolar Corp.’s Tarlac-1 Solar Power Project. Under the…

Source: Inquirer.net YUCHENGCO-led Mapua Institute of Technology, the country’s largest engineering school, is set to enter Mindanao’s education space with the opening of a new campus in Davao City by July 2018. In a disclosure to the Philippine Stock Exchange on Friday, Yuchengco-led iPeople Inc. (IPO) announced that its subsidiary Malayan Colleges Inc. – which operates…