Davao tycoon Dennis A. Uy’s PH Resorts Group Holdings Inc. is relying on potential partnerships with EEI Corporation and AppleOne Group of Cebu to pay off debts, including that of its Bohol resort, and buy back land for its Mactan casino project. In a disclosure to the Philippine Stock Exchange,...
State-run Philippine National Oil Company (PNOC) is seeking the allocation of P6.02 billion supplemental budget so it can have ready financial capacity to cough up investment in case one of the consortium-members in the Malampaya gas field project would face snags in its capital contribution to the...
The Department of Energy (DOE) indicated it is winding up its discussion with the consortium-members of Service Contract (SC) 38 for the targeted license extension of the Malampaya deep water gas-to-power project that will lapse February next year. “At the moment, we are still finalizing the...
A lot of us look forward to the festivities during the Christmas season. For some, however, the holidays are a tough time. Grooming session for the kids of Datu Salumay To spread hope, kindness, and joy to underprivileged children and elderly in Davao, Udenna Foundation, Inc. (UFI) and PNX-Udenna...
Udenna Corporation, the investment holdings company of Dennis A. Uy of Davao, reported that it has settled its loan obligation with creditor banks prior to the mandated deadline. In a disclosure to the Philippine Stock Exchange, Udenna said has avoided a declaration of default as it has “settled...
Distribution of relief goods with Oplan Smile The Udenna Foundation together with Worklink Services, Inc., and Operation Smile, distributed relief goods in hope of bringing comfort to our fellow Filipinos who suffered the onslaught of Typhoon Odette in December 2021. Four hundred forty-five boxes...
The sale of Dennis Uy's majority shares of the Malampaya gas field to Razon-led Prime Infrastructure Holdings Inc. should go through "strict" approval process by the next leadership of the Department of Energy (DOE) to uphold the public's interest in handing over the ownership of that key energy...
Surigao del Sur 2nd district Rep. Johnny Pimentel says that there are no hurdles blocking Enrique Razon and his Prime Infra Holdings Inc’s acquisition of Dennis Uy’s controlling stake in the Malampaya gas field. “We, in Congress, have always maintained that private parties are free to get in...
The Department of Energy (DOE) indicated that it is amenable to planned takeover of Razon-led Prime Infra Holdings Inc. for the continued operations of the Malampaya gas field facility. In a statement to the media, Energy Secretary Alfonso G. Cusi noted that the ongoing partnership discussions...
Senator Sherwin Gatchalian on Sunday expressed his grave concern over the country’s power situation amid reports that Udenna Corp.’s Dennis Uy is considering selling his controlling stakes in the Malampaya deep water gas-to-power project. Gatchalian said this development casts uncertainty on...
Dennis A. Uy’s Udenna Land has sold an office complex in Clark Global City, Pampanga as the businessman tries to raise more funds to pay for liabilities of his highly-leveraged conglomerate. In a statement, Aeropark Development Philippines, Inc. (ADPI), a special purpose entity owned by funds...
Senatorial aspirant and human rights lawyer Chel Diokno has urged the government to rescind its Malampaya deal with Udenna Corp. and rechannel the latter's P50-million daily income from the agreement for fuel subsidy. Human rights lawyer Chel Diokno (FACEBOOK / FILE PHOTO / MANILA BULLETIN) Diokno...
