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Phinma education unit takes in investment from private equity firm, ADB

PHINMA Corp. said on Friday that a private equity fund and the Asian Development Bank (ADB) are investing P1.625 billion in its education subsidiary, giving the investors board representation in the unit.

Phinma exits energy business

THE Phinma group signed an investment agreement to sell its stake in the energy sector to AC Energy, Inc., marking the former’s departure from power generation and retail electricity and the Ayala-led company’s growing prominence in the said businesses.

Phinma finalizing acquisition of Indonesian school this year

THE Phinma Group said the proceeds from a recent transaction with Ayala Corp. will help materialize this year its push to expand its education business in Southeast Asia while also beef up the company’s construction business.

Phinma cement unit obtains P875-million loan

PHINMA CORP. on Monday said its cement trading unit obtained a P875-million loan from Security Bank.

Phinma to conduct further studies in Palawan

By Victor V. Saulon, Sub-Editor PHINMA Petroleum and Geothermal, Inc. (PPG) plans to conduct further geophysical studies in service contract (SC) 55, the offshore southwest...

Phinma eyes LNG facility in Cebu

By Victor V. Saulon, Sub-Editor PHINMA Petroleum and Geothermal, Inc. (PPG) is developing a liquefied natural gas (LNG) facility with a 120-megawatt (MW) power plant...