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JG Summit RE unit hits milestone | Lenie Lectura

MERBAU Corp., the renewable energy (RE) arm of JG Summit Holdings, Inc., has completed the installation of 13.811-megawatt (MW) peak solar power for the integrated petrochemical complex of JG Summit which houses JG Summit Olefins Corp. (JGSOC) manufacturing plants and the packaging division of Universal Robina Corp. (URC). The solar…
Batangas City Ruth Yu Owen Pinamucan Ibaba Patrick Henry Gokongwei Group Robina Corp

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SC affirms legality of Price Act penalty on profiteering

THE Supreme Court has affirmed the constitutionality of the provision penalizing profiteering under Republic Act No. 7581 or The Price Act. In a 24-page decision penned by Associate Justice Marvic Leonen, the Court en banc denied the petition of Gokongwei-owned Universal Robina Corporation (URC) seeking the reversal of the April…
New Zealand General New Zealand Victorino Dimagiba Justice Marvic Leonen Milling Corporation Philmico Foods Corporation

GIC Exits Shakey's Pizza Asia Ventures

On October 10, 2023, Shakey’s Pizza Asia Ventures, Inc. (PSE:PIZZA), a casual dining restaurant chains and food service group in the Philippines, announced that Century Pacific Group, Inc. (CPG) and JE Holdings, Inc. (JE) have purchased via private placement the stake of one of its long-standing strategic investors, Singapore’s sovereign wealth fund GIC Private Limited…
John Gokongwei Jr Jg Summit Olefins Corp Je Holdings Inc Arran Investment Pte Ltd Robinsons Land Corp Robinsons Bank

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