Bamboo huggers Isidro Alcantara, Ed Manda to join board of Jose Go’s in-transition Ever Gotesco

Ever Gotesco Resources Holdings (EVER) of businessman Jose C. Go has nominated to its board two executives supporting the bamboo industry as it shifts from mall and property development to agro-industry and eco-tourism.

Banker and Miner Isidro Alcantara Jr. and Edgardo C. Manda are expected to be elected as independent directors during EVER’s annual stockholders’ meeting on August 26

Alcantara recently retired as president of Marcventures. He also served as a top executive of Hongkong Shanghai Bank, Phils., Philippine Bank of Communications (president and CEO), Equitable-PCIBank, Bancom Finance, United Coconut Planters Bank and Insular Bank of Asia and America.

Manda used to be the general manager of the Manila International Airport Authority and Laguna Lake Development Authority.

Both Alcantara and Manda are advocates of bamboo and its role in rehabilitating watersheds and mined out areas. Manda is the president of Philippine Bamboo Foundation.

Go relinquished his seat as EVER chairman to his eldest son, Joel. Go’s sisters, Evelyn and Lourdes remain as directors of EVER.

EVER has stopped building and operating shopping malls last year to shift to agriculture and tourism.

In December 2021, EVER bought the net assets of Agriwave Organic Inc. (which focuses on high- value crops and plants) and 3-J Development which operates a resort in Batangas (it generated P9.6 million revenues of EVER’s P9.8 million revenues in 2021).

Maynilad fined P9.26M over water service interruptions

West zone concessionaire Maynilad Water Services Inc. of Manuel V. Pangilinan-led Metro Pacific Investments Corp., has been fined P9.26 million by the Metropolitan Waterworks and Sewerage System (MWSS) for prolonged water service interruptions.

BRAFE GOLF set to tee off at at Forest Hills

The core group is composed of chairman JR Hernandez, Ting Yupangco, George Elazegui, Bong Africa, Roy Peña, Randy Nonato and BRAFE GOLF founder Albert MG Garcia, owner of the Megafiber brand.

BRAFE GOLF set to tee off at at Forest Hills

The core group is composed of chairman JR Hernandez, Ting Yupangco, George Elazegui, Bong Africa, Roy Peña, Randy Nonato and BRAFE GOLF founder Albert MG Garcia, owner of the Megafiber brand.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.