Welcome to our dedicated page for Phi Group news (Ticker: PHIL), a resource for investors and traders seeking the latest updates and insights on Phi Group stock.
Philux Global Group Inc. (a/k/a PHI Group, Inc., PHIL) generates a broad range of corporate news tied to its activities as a diversified holding and investment company. Company announcements highlight developments in PHILUX Global Funds SCA, SICAV-RAIF, progress on the Asia or Asian Diamond Exchange projects in Vietnam, energy and geomagnetic technology initiatives, and mergers and acquisitions and advisory mandates.
News items frequently cover financing transactions and investment commitments, including joint venture and private investor partnership agreements the company intends to use for projects in Vietnam and the United States. Updates on the Asian Diamond Exchange describe plans for a modern diamond bourse, Diamond Buildings in a Free Trade Zone, and coordination with an International Financial Center and logistics and industrial developments.
Another major theme in PHIL news is energy and emissions-related technology. Releases discuss Philux Global Energy, Inc. and its "Multi-Impulse Energy System" based on geomagnetic and photon self-sustainable energy concepts, cooperation with SSE Group JSC on proprietary self-sustainable energy systems, and distribution agreements for geomagnetic energy products in markets such as Malaysia. These stories often emphasize goals of improving fuel efficiency, providing "pure energy" solutions, and mitigating global greenhouse gas emissions.
Investors can also find coverage of M&A advisory and sector partnerships, such as Philux Capital Advisors’ consulting agreement with Cavico Vietnam Company Ltd. for restructuring and U.S. listing plans, and business cooperation agreements with Saphia Alkali JSC and other Vietnam-based partners in healthcare, agriculture, aquaculture, and infrastructure. For readers tracking PHIL, this news feed offers a single place to follow the company’s fund activities, project milestones, strategic alliances, and capital markets engagements over time.
Philux Global Group (PHIL) is expediting the closing of two major financing transactions: a $3-billion Joint Venture/Partnership Agreement and a $5-billion Private Investor Contract Partnership Agreement. The funds will primarily support projects in Vietnam and USA, focusing on the Asian Diamond Exchange (ADE), International Financial Center (IFC), and geomagnetic energy technology.
The ADE will be established as a rough and lab-grown diamond trading center in Vietnam, aiming to join the World Federation of Diamond Bourses. The facility will be modeled after major diamond exchanges worldwide and located in a Free Trade Zone in Ho Chi Minh City.
Philux Global Energy will focus on three main areas: (1) Retrofitting fossil fuel plants, with potential annual savings of $1.1 trillion for 5% of global plants; (2) EV charging stations, in a market expected to exceed $150 billion by 2030; and (3) Hybrid vehicle engines, in a market projected to reach $504.18 billion by 2032.
Philux Global Group (PHIL) announces efforts to expedite closing of two major financing transactions: a $3 billion Joint Venture/Partnership Agreement and a $5 billion Private Investor Contract Partnership Agreement. The funds will be primarily used for investments in Vietnam and USA projects, focusing on the Asian Diamond Exchange (ADE), International Financial Center (IFC), and geomagnetic energy technology.
The ADE will be established as a modern bourse in Ho Chi Minh City, featuring both rough and lab-grown diamond trading, affiliated with the World Federation of Diamond Bourses. The project includes Diamond Buildings within a Free Trade Zone, modeled after major global diamond exchanges.
The company's Philux Global Energy division is developing a Multi-Impulse Energy System utilizing Schumann magnetic resonance and lightning energy from the ionosphere. The technology offers advantages including weather independence, compact size, electromagnetic compatibility, zero emissions, and wireless power transmission capabilities.
Philux Global Energy (PHIL) has signed a Memorandum of Understanding with Koastal Eco Industries to distribute geomagnetic energy products in Malaysia. The technology utilizes Schumann magnetic resonance and lightning energy from the ionosphere, featuring advantages such as weather independence, compact size, and zero emissions. This initiative aligns with Malaysia's new renewable energy target of 70% in the power mix by 2050, requiring investments of MYR637bn (US$143bn). The country's energy demand is projected to grow at 2.1% annually, reaching 69 Mtoe by 2035, with the industrial sector accounting for 38% of consumption.
Philux Global Energy (PGE), a subsidiary of Philux Global Group (PHIL), has signed an MOU with Ecome International Co. (EIC) to distribute geomagnetic energy products in Thailand, initially focusing on industrial zones. PGE's technology utilizes Schumann magnetic resonance and lightning energy from the ionosphere, featuring a Multi-Impulse Energy System that operates independently of weather conditions, requires minimal space, and produces no greenhouse gas emissions.
The partnership aims to address Thailand's industrial power needs, where industrial electricity consumption under PEA and MEA reached 51,361 GWh (48.3%) and 7,533 GWh (19.6%) respectively in the first eight months of 2024. The solution promises reliable, uninterrupted power while significantly reducing costs and environmental impact.
PHI Group, now known as Philux Global Group (PHIL), has filed a Provisional Patent Application with the United States Patent and Trademark Office for its innovative 'Multi-Impulse Energy System.' This system aims to enhance energy efficiency and reduce greenhouse gas emissions by utilizing geomagnetic energy. Philux Global Energy, a subsidiary, will commercialize this technology to produce generators and engines for various vehicles. Key features include compact size, no greenhouse gas emissions, and wireless power transmission. The technology also uses AI and IoT to optimize energy production and distribution, ensuring greater efficiency and flexibility in the global energy market.
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Philux Global Group (PHIL) announced a commitment to invest USD 500 million in the first phase of developing Saigon Silicon City in Vietnam's Saigon High Technology Park. The agreement outlines an initial disbursement of USD 50 million within 30 days to kickstart construction, with subsequent USD 50 million tranches released as needed. This investment is part of a larger plan utilizing USD 4.6 billion from committed international investors. The project aims to develop over 51 hectares for hi-tech companies, despite previous delays due to the pandemic. Philux anticipates this venture will create significant value for shareholders.
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