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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…

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…

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…

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…

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…

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…

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…

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…