The 14-megawat second phase of the Nabas wind farm project of Yuchengco-led PetroWind Energy Inc. (PWEI) has started shoring up power supply for the energy-strained Panay island after securing warranted clearances from relevant authorities and entities in the market. Prior to its injection of...
The MFT Group of Companies (MFT Group) and its owners are asking the Securities and Exchange Commission (SEC) to lift the cease and desist order issued against the company for alleged illegal solicitation of investments from the public. In a statement, the firm said it has asked the SEC “to...
Zenaida Tantoco of luxury retailer Rustan Commercial Corporation (RCC), passed away on Feb. 8, 2024, at 77. Her granddaughter Nikki Huang confirmed the news about her demise through an Instagram story. Zenaida Tantoco Zenaida, Nedy to her friends and colleagues, was the eldest daughter of...
The Securities and Exchange Commission (SEC) has issued a cease and desist order against MFT Group of Companies Inc. and Foundry Ventures I Inc. for alleged illegal solicitation of investments from the public. In an order dated Jan. 16, the Commission En Banc directed the MFT Group and Foundry...
Ayala-led ACEN Corporation has inked P20 billion worth of term loan facility that will be used mainly to bankroll ongoing renewable energy (RE) projects as well as for general corporate purposes. According to the company, the debt facility has 10-year repayment term, but the lender-banks have not...
The Villar Group reported that its dedication to good corporate governance has earned recognition and awards from the esteemed Institute of Corporate Directors (ICD). In a statement, the group said its listed companies, including Vista Land & Lifescapes, Inc. (Vista Land), AllDay Marts,...
Globe Group’s shared services company Asticom Group of Companies garnered certifications for data security and information technology (IT) service management from the International Organization for Standardization and International Electrotechnical Commission (ISO/IEC). Asticom received ISO/IEC...
PetroSolar Corporation (PSC), which is a subsidiary of Yuchengco-led PetroGreen Energy Corporation (PGEC), has cemented a power supply agreement (PSA) with Shell Energy Philippines Inc. for a capacity delivery that shall be drawn from the former’s 20-megawatt Tarlac-2 solar farm that is sited at...
President of Rustan Commercial Corporation Donnie Tantoco, Rustan Commercial Corporation Chairman and CEO Zenaida R. Tantoco, Stores Specialists, Inc. President Anton Huang, Catriona Gray, Maritess Tantoco-Enriquez, Shiseido Philippines Managing Director Michael Goh, and Rustan's...
Uptrend in sales from its operating renewable energy (RE) assets had driven up the net income of Yuchengco-led PetroEnergy Resources Corporation (PERC) to P591 million in this year’s first half versus P506 million a year ago. “Higher electricity sales from its renewable energy (RE) operating...
Ayala-led ACEN Corporation will be delivering 100-percent renewable energy (RE) power supply to the 25-floor JPMorgan Chase Tower at the Fort Bonifacio Global City in Taguig, the corporate headquarters of the multinational banking and financial services firm in the country. In a media statement,...
Solana Solar Alpha Inc. (Solana Solar), a subsidiary of Altenergy, has cemented a power supply agreement with Villar-led retail electricity supplier company Kratos RES Inc. Under the agreement, Solana Solar will supply Kratos RES with 10-megawatt and up to 20 MW of clean and renewable power from the...
