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Published February 26, 2021, 5:00 AM
Leading cement maker Holcim Philippines announced the appointment of Horia Adrian as its new President and Chief Executive Officer effective March 1, 2021.
The firm said Horia Adrian is formerly the CEO of Romania and Market Head Emerging Europe. He also managed the LafargeHolcim Group’s Business Transformation.
Horia Adrian
He joined LafargeHolcim in 2000 and has successfully held various management roles, including CEO roles for Russia, Eastern Europe and CIS and Middle East.
Adrian succeeds John Stull who, following a remarkable performance as the CEO of Holcim Philippines for three years will be pursuing another role within the LafargeHolcim Group.
Published February 24, 2021, 7:30 AM
The Department of Energy’s (DOE) plan to increase the biodiesel blend to 5.0 percent by volume (B5) this year is seen to translate to P13 billion in foreign exchange (forex) savings for the Philippines.
The Philippine Coconut Authority (PCA), the industry regulating body which shares a seat with DOE in the country’s National Biodiesel Board (NBB), project the savings based on diesel oil importation costs.
MB FILE-A coconut plantation in Malvar, Batangas. (KJ ROSALES) | mb.com.ph
Biodiesel advocates, such as The Philippine Biodiesel Association, say that savings from B5 will also be felt by motorists.
Published February 21, 2021, 5:30 AM Singapore-based Aleta Planet, a certified member of UnionPay International, is eyeing Greenergy Holdings, Inc. (GREEN) of agri-entrepreneur Antonio Tiu as partner for the issuance of virtual cards as well as cross-border money remittance services.
Under the proposed collaboration, Aleta Planet will provide its proprietary technology solution to issue co-branded virtual UnionPay cards to individual clients through Greenergy and its affiliates.
This will enable ease of payment collection and a fully digital cross-border money remittance service to UnionPay accounts.
Greenergy, in turn, shall promote the use of virtual accounts and cross border remittance services to the customers and clients of its subsidiaries and affiliates.
Published February 18, 2021, 6:00 AM
The Securities and Exchange Commission (SEC) has approved the P14.71 billion initial public offering (IPO) of DoubleDragon Properties Corporation’s real estate investment trust (REIT).
The SEC En Banc resolved to render effective the registration statement of DDMP REIT, Inc. for 17.83 billion common shares for listing on the Main Board of the Philippine Stock Exchange (PSE), subject to the company’s compliance with the remaining requirements.
Of the total issued and outstanding shares, DDMP will offer to the public up to 5.94 billion common shares currently owned by DoubleDragon, Benedict V. Yujuico and Teresita M. Yujuico.
The selling shareholders have also set aside 594.25 million more shares as an overallotment option.