Daily TribuneI also see opportunities for us to make serious headway in transforming the business and diversifying into sectors such as real estate development and power
Travel, shopping mix The SM group’s retail loyalty program, SMAC, has entered a strategic tie-up with AirAsia rewards to offer enhanced shopping and travel experiences. The collaboration expands the value for both SMAC and AirAsia rewards members. The partnership was sealed among (from left) John Patrick Cua, chief operating officer, SMAC; Jonathan Ng, chief finance officer, SM Retail; Herson Sy, executive director, SM Group; Nicole Tan, chief business officer, AirAsia rewards; Ricky Isla, chief executive officer, AirAsia Philippines, and Leong Diyao, regional head of rewards partnerships, AirAsia rewards.
Photograph courtesy of SM Group
A management-owned company led by EEI Corp. president and CEO Henry Antonio is acquiring the 20 percent stake of RYM Business Management Corp., a firm controlled by the family of Speaker Martin Romualdez, in the Yuchengco-led construction company.
“We have spent a lot of effort in the past two years restructuring the company following the devastating impact of the pandemic, and I believe we’ve made progress in this area,” Antonio said on Wednesday.
“I also see opportunities for us to make serious headway in transforming the business and diversifying into sectors such as real estate development and power.”
Antonio also said the company will continue to seek opportunities for employees to acquire more shares and have a greater stake in EEI’s future.
Aside from RYM Business Management, EEI’s principal stockholders include the Yuchengco Group’s House of Investments, Industry Holdings and Development Corp. of the Chua Group, and Shenton Resources.
A longtime banking veteran, Antonio served as president and CEO of EEI starting in March 2023.
