BIZ BUZZ: Veteran banker joins Maharlika

Appears to be like just like the Maharlika Funding Corp. (MIC) is beefing up its bench.

Veteran funding banker and TV speak present host Stephen CuUnjieng has been tapped to hitch the board of the nation’s sovereign wealth fund supervisor.

MIC president and CEO Rafael Consing Jr. confirmed the event to Biz Buzz after the information first surfaced on InsiderPH.

READ: BIZ BUZZ: SM Prime-Shang Properties deal within the works

CuUnjieng, in fact, is not any stranger to the large leagues.

He’s suggested high companies and steered main preliminary public choices, fairness and debt choices, and advisory offers not simply within the Philippines but in addition throughout the Asia-Pacific.

Past that, he hosted a weekly speak sequence referred to as “Banker After Darkish” on ANC.

He’s obtained the tutorial chops, too, with an MBA in Finance from Wharton.

“The stewardship of the Maharlika Funding Fund is a profound nationwide accountability. Stevie’s appointment to the board underscores our unwavering dedication to assembly that obligation with the best requirements of governance,” Consing stated.

“He brings a caliber of perception from international capital markets that’s important for navigating the trail forward,” he added.

There are nonetheless two common board seats left to fill on the MIC. Watch this area. —Ian Nicolas P. Cigaral

Manila Pen makes luxurious sustainable

The Peninsula Manila has tapped MPower — the native retail electrical energy provider of Manuel V. Pangilinan-led Manila Electrical Co. (Meralco) — to energise the long-lasting five-star resort in Makati Metropolis with renewable power.

This makes Manila Pen the second property in Southeast Asia, and the fourth globally, throughout the hospitality big’s portfolio to transition to renewables.

This native web site of Peninsula Accommodations, owned and operated by The Hongkong and Shanghai Accommodations Ltd., is pursuing a long-term sustainability technique dubbed “Sustainability Luxurious Imaginative and prescient 2030.” This entails proactive efforts in future-proofing its operations, akin to turning to renewable sources for his or her electrical energy provide.

Kevin Tsang, managing director of Manila Pen, says that by connecting with companions like MPower, they’re enabling cleaner, extra environment friendly power options that scale back their carbon footprint and contribute to the worldwide struggle in opposition to local weather change.

“Our partnership serves as a benchmark for accountable enterprise practices and evokes others to pursue a greener world for our future generations,” Tsang says.

Redel Domingo, head of MPower, says that the retailer being tapped for Manila Pen’s transition to renewables marks how their long-running collaboration has progressed.

“Our greater than a decade of partnership stands as a testomony to shared imaginative and prescient and repair excellence,” Domingo says.

Manila Pen’s sustainability technique, which was launched in 2021, additionally covers different pure sources which can be diminishing — water and meals. We’re intrigued about how this a part of the marketing campaign would play out. —Ronnel W. Domingo