GOINGS ON: Astoria Hotels & Resorts bag ‘Nation Builder’ award
Quantity Solutions Inc. (QSI) recently presented the Astoria Hotels & Resorts Group with the Nation Builder Award. The award is based on the following criteria: countryside investment, local talent development, championing local engineering and job creation. The American Chamber of Commerce of the Philippines Inc. (AmCham) copresented the award, which strongly reflects the values that AmCham espouses, specifically “contributing to the civic and economic development of the Philippines.”
QSI President Rynor Jamandre stated, “The award is given to an individual or company who has continuously contributed to the economic development of the countryside with focus on human capital. This award aims to recognize the value of these developments in shaping the future of our Filipino families.”
In his acceptance speech at the awarding ceremony, Astoria Hotels & Resorts President Jeffrey Ng extolled his hotel group’s initiatives towards economic inclusion. To that end, Astoria Hotels & Resorts has always been developed with an eye towards economic inclusion and effective countryside development.
Unicapital, KTB Securities Thailand seal partnership
Unicapital Group, one of the leading investment houses in the Philippines, has signed an MOU with KTB Securities (Thailand) Public Company Limited, or KTBST to expand market collaborations between Thai and Philippine investors.
The partnership focuses on three possible areas involving 1) public fund-raising transactions from institutional clients in the Philippine Stock Exchange (PSE) and the Stock Exchange of Thailand (SET), including equity stocks, fixed income and mutual funds, 2) dual-listing on the PSE and SET and 3) cooperation in the establishment of infrastructure funds of interested assets or projects in both countries, such as geothermal power plants.
“With decades of experience in investment banking and stock brokerage services, Unicapital, an independent financial services company, is perfectly positioned to originate and participate in many of these types of transactions. Our local knowledge, combined with the extensive network and resources that KTBST brings to the table will make our partnership a formidable one. KTBST and Unicapital’s partnership is envisioned to bring companies to public listings in Manila and Bangkok, or cross listings in both markets in line with the Asean thrust to foster greater capital mobility between Asean member countries,” Unicapital Group CEO Jaime Martirez said.
