Mabuhay Holdings Corporation at the board meeting held on October 5, 2012, the stockholders approved the Charter of the corporation’s audit committee adopted pursuant to SEC Memorandum Circular No. 4, Series of 2012 (Guidelines for the Assessment of the Performance of Audit committees of Companies listed on the exchange.

Mabuhay Holdings Corp., Board Meeting, Oct 05, 2012. Agenda: To elect officers and corporate governance committee members; and to approve the Charter of the corporation's audit committee.

Mabuhay Holdings Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, revenues were PHP 1,554,471 against PHP 1,526,830 for the same period a year ago. Loss from operations was PHP 1,412,286 against PHP 1,319,335 for the same period a year ago. Income before income tax was PHP 17,772,773 against loss before tax of PHP 9,406,181 for the same period a year ago. Net income attributable to equity holders was PHP 17,691,871 or PHP 0.0155 per share against net loss attributable to equity holders of PHP 9,501,229 or PHP 0.0083 per share for the same period a year ago. For the six months, revenues were PHP 3,108,942 against PHP 3,053,660 for the same period a year ago. Loss from operations was PHP 4,283,259 against PHP 5,153,789 for the same period a year ago. Income before income tax was PHP 25,990,477 against loss before tax of PHP 16,661,810 for the same period a year ago. Net income attributable to equity holders was PHP 25,271,768 or PHP 0.0222 per share against net loss attributable to equity holders of PHP 16,750,773 or PHP 0.0147 per share for the same period a year ago. Net cash used in operating activities was PHP 54,311,083 against PHP 120,297,876 for the same period a year ago. Acquisitions of property and equipment were PHP 15,661 against PHP 184,794 for the same period a year ago.