PHI Group Inc. (OTCMKTS: PHIL) Management Increase Ownership In The Company

Gabane police post gets two new vehicles

Botswana: The rising crime in Gabane and surrounding areas has prompted the Botswana Police Service (BPS) to respond to the situation by issuing two new vehicles to Gabane Police Post.

KFS launches eight utility vehicles to augment forest Protection

Kenya: The Principal Secretary of the State Department of Forestry, Ephantus Kimotho, has urged Kenya Forest Service to lay focus on resource mobilization and stakeholder engagement as a key strategic objective in the growth of the capacity of the Service to implement the 30 percent tree cover target by 2032.

Homa-Bay county schools to compete in tree growing

Kenya: The Governor of Homa-Bay County, Gladys Wanga, has launched a school tree growing competition that will involve all schools in the county in a bid to increase the country's forest cover from the current 3% to 30%.

PR Event in Ebène Cybercity for Flyover Ebène Project

Mauritius: A Public Relations exercise with tenants and stakeholders of Ebène Cybercity in view of the construction of the new interchange along the M3-A14 corridor (Flyover Ebène project) was held on Tuesday, 21 March 2023, at the Shri Atal Bihari Vajpayee Tower in Ebène.

PHI Group Inc. (OTCMKTS: PHIL) has announced that its management has increased its ownership stake in the company. The company is currently implementing PHILUX Global Funds, a Luxembourg bank funds group, and building the Asia Diamond Exchange.

PHI Group Management acquires more interest

According to corporate resolutions of the Board of Directors of PHI Group, dated March 12, 2012, November 02, 2012, and March 12, 2021, Henry Fahman, the company’s Chief Executive Officer, converted $550,000 in accumulated and unpaid salaries from September 30, 2004, to March 31, 2009, into around 114.673 million shares of restricted Common Shares of the Company on August 25, 2021. In addition, Tina Phan, the company’s Treasurer and Corporate Secretary, converted $217,500 in accumulated and unpaid salary from September 30, 2004, to March 31, 2009, into 45.348 million shares of the company’s restricted Common Shares.

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Fahman stated, “Our commitment to PHI Group and to PHIL shareholders has never been stronger; we strongly believe in future success for our company and stand firm by our long-term shareholders. After years of laying the groundwork, PHI Group is ready to capitalize on those efforts with many exciting and cutting-edge ventures, including the Luxembourg bank funds, the first-ever Asia Diamond Exchange, and other initiatives which will potentially bring significant benefits to our shareholders as well as all other stakeholders around the world.”

PHI Group to acquire 70% stake in Five Grain

The company entered a memorandum of understanding to purchase a 70% stake in Five Grain Treasure Spirits Co Ltd. Five Grain is a firm with more than a hundred years of tradition across Jilin Province in China. This acquisition will offer substantial value for Phi Group shareholders. 

Five-Grain VP Jimmy Wang said, “By partnering with PHI Group and having access to international capital sources, we are confident we will be able to accelerate our execution to meet our growth targets and become a major player in this sector.”

Gabane police post gets two new vehicles

Botswana: The rising crime in Gabane and surrounding areas has prompted the Botswana Police Service (BPS) to respond to the situation by issuing two new vehicles to Gabane Police Post.

KFS launches eight utility vehicles to augment forest Protection

Kenya: The Principal Secretary of the State Department of Forestry, Ephantus Kimotho, has urged Kenya Forest Service to lay focus on resource mobilization and stakeholder engagement as a key strategic objective in the growth of the capacity of the Service to implement the 30 percent tree cover target by 2032.

Homa-Bay county schools to compete in tree growing

Kenya: The Governor of Homa-Bay County, Gladys Wanga, has launched a school tree growing competition that will involve all schools in the county in a bid to increase the country's forest cover from the current 3% to 30%.

PR Event in Ebène Cybercity for Flyover Ebène Project

Mauritius: A Public Relations exercise with tenants and stakeholders of Ebène Cybercity in view of the construction of the new interchange along the M3-A14 corridor (Flyover Ebène project) was held on Tuesday, 21 March 2023, at the Shri Atal Bihari Vajpayee Tower in Ebène.

Mauritius Qualifications Authority renews RPL Support Scheme

Mauritius: The Recognition of Prior Learning (RPL) Support Scheme, a process to officially recognise and validate competencies gained outside the formal education and training system for the purpose of certification, was renewed yesterday, between the Human Resource Development Council (HRDC) and the Mauritius Qualifications Authority (MQA), during a ceremony held at the Shri Atal Bihari Vajpayee Tower, in Ebène. The event was followed by a workshop on Portfolio Development for 100 new potential candidates.

Dominica: PM Roosevelt Skerrit welcomes Mexican delegation AMEXCID

Dominica: Dr Roosevelt Skerrit, the Prime Minister of the Commonwealth of Dominica, received a group from the Mexican Agency for International Development Cooperation (AMEXCID) led by its Executive Director, Dr Laura Elena Carrillo Cubillas, and extended a warm welcome on March 23, 2022.