The race for the title of the Philippines’ wealthiest person is tightening, with ports and casino tycoon Enrique Razon Jr. narrowing the gap on the long-reigning Sy siblings. The Sy siblings, heirs to the SM group, held onto the top spot on the 2025 Forbes list of the Philippines’ 50 Richest,...
Lopez-led First Gen Corporation has formally reported to the Securities and Exchange Commission (SEC) that it will be unloading 60 percent of its gas businesses to Prime Infrastructure Capital Inc., a company owned by billionaire Enrique Razon, for ₱50 billion through the execution of a term...
Filipino billionaire Enrique Razon Jr. has expanded his portfolio by acquiring the Pearl Valley Golf Course and Hotel in South Africa. Photo from Pearl Valley Golf Course Facebook According to Bloomberg, entities associated with Razon bought the Jack Nicklaus signature golf course, as well as the...
ICTSI's global operations continue to drive record-breaking growth, with net income surging 66 percent in 2024 Global port operator International Container Terminal Services Inc. (ICTSI) tallied an impressive growth momentum in 2024, growing its net income by 66 percent despite geopolitical...
Ports and casino magnate Enrique Razon Jr. has surpassed property tycoon Manuel Villar as the wealthiest person in the Philippines, according to Forbes' latest report released on Thursday, Aug. 8. Although the Sy siblings, the heirs of the late SM Group Founder Henry Sy Sr., maintained their...
As the summer heat intensifies in Metro Manila, Manila Water Co. assured that the company is making preparations to meet the surging water demand. In a statement on Friday, March 15, Manila Water said it has new facilities designed to serve approximately 7.6 million consumers in the eastern areas...
ILOILO CITY – Mayor Jerry P. Treñas here is confident that the modernization of the Iloilo Commercial Port Complex in this city will pave the way for larger exportation of products from Western Visayas. THE Iloilo Commercial Port Complex (ICPC) in Iloilo City. (PPA) “Hopefully, we can...
Billionaire Enrique Razon took the spotlight when his company Prime Energy Resources Development acquired from Shell Philippines Exploration B.V, (Spex) in November 2023 the 45 percent operating stake in the Malampaya gas field, a very vital indigenous resource that could bring that could bring...
Jose Rene Gregory D. Almendras has resigned from his position in East Zone concessionaire Manila Water Co. Inc. In a disclosure to the Philippine Stock Exchange on Thursday, Oct. 12, Manila Water announced that Almendras, who served as the president of the utility firm from August 2019 to June...
Most of the Philippines’ 50 Richest on the Forbes Magazine list continue to increase their wealth with three newcomers on the list as the fortunes of the Gotianun, Yuchengco, and Lopez families have been passed on to the next generation. The combined wealth of tycoons on the 2023 Forbes list of...
bp ventures, the venture capital business unit advancing the net zero goal of multinational energy firm BP, is injecting $10 million into WasteFuel Global, a subsidiary of Razon-led Prime Infrastructure Capital Inc. With the investment, Prime Infra reiterated in a press statement that WasteFuel is...
Following the 15-year renewal of the Service Contract 38 for the Malampaya project, Razon-led operator firm Prime Energy can already carry out exploration drilling activities beyond the existing production area of the depleting gas field. This developed after President Ferdinand R. Marcos Jr....
