PH Resorts Group Holdings Inc. (PHR) announced that Ms. Ma. Angela E. Ignacio has stepped down from her role as an independent director.
In a disclosure filed with the Philippine Securities and Exchange Commission (SEC) on November 5, 2024, the company confirmed Ignacio’s resignation. She accepted a new appointment as Undersecretary in the Office of the Special Assistant to the President for Investment and Economic Affairs.
Her transition to this high-level government role signals her strong commitment to driving national investment and economic growth. This move also reflects the administration’s focus on leveraging private-sector expertise in shaping policy and investment strategies.
PH Resorts, headquartered in Bonifacio Global City, Taguig, emphasized that Ignacio’s departure comes at a time when the company is actively developing major resort and casino projects across the Philippines.
PHR, a member of the Udenna Group, focuses on high-end integrated resorts. These include the flagship Emerald Bay Resort in Cebu and the planned Clark Resort in Pampanga. Both projects aim to support the country’s tourism-led economic recovery by drawing more domestic and international travelers.
Despite Ignacio’s resignation, PH Resorts maintains confidence in its strategic direction. The company plans to proceed with its current development pipeline while exploring new opportunities in emerging tourism zones.
Although her departure creates a temporary vacancy on the board, PHR continues to operate as a publicly listed company. It currently has over 7 billion shares in circulation, underscoring steady investor confidence despite ongoing challenges in the gaming and hospitality sector.
Looking ahead, PH Resorts expects to reinforce its leadership structure and push forward with its long-term goal of transforming the Philippines into a premier gaming and leisure destination in Asia.
