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,...
Global port operator International Container Terminal Services Inc. (ICTSI) continues its growth momentum in the first half of the year, with its net income growing by 15 percent to $483.84 million despite global trade uncertainties. In a disclosure to the Philippine Stock Exchange, ICTSI said its...
Bloomberry Resorts Corp., billionaire Enrique K. Razon Jr.’s leisure and gaming business, has soft-launched its new online gaming platform MegaFUNalo, featuring free Viva movies as an added bonus to players. The firm took out full-page ads in major newspapers to announce the soft launch and its...
The advertising industry will be the clear winner when more casino operators try to jump on the online gaming bandwagon since these new players will have to spend billions of pesos monthly just to get a foot into the market and take some market share away from the first movers. Unicapital...
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...
The tables have turned for billionaire Enrique K. Razon’s integrated gaming resorts owner and operator Bloomberry Resorts Corporation, as gains from Solaire North have put it back on a growth trajectory even before the launch of its new online gaming platform. The firm reported a 26 percent...
Port operator International Container Terminal Services Inc. (ICTSI) saw record-high earnings of $239.54 million in the first quarter of the year, driven by strong growth in its international portfolio, which remains relatively unaffected by recent trade upheavals caused by tariffs imposed by the...
Bloomberry Chairman and CEO Enrique K. Razon Jr. Razon-led gaming firm Bloomberry Resorts Corporation is on track to launch its new electronic gaming product in late May or early June this year as it bets on the rapidly growing online gaming business to compensate for revenue losses due to...
The brown taipan, Manuel B. Villar Jr., who recently disclosed that one of his real estate companies earned ₱1 trillion, is back as the Philippines’ richest man, after being briefly replaced by port and gaming magnate Enrique K. Razon Jr., as ranked by Forbes Magazine. There are 15 Filipinos in...
San Miguel Corporation (SMC) Chairman and CEO Ramon S. Ang (left), and International Container Terminal Services, Inc. (ICTSI) Chairman Enrique K. Razon Jr. (right) Top Philippine business leaders have warned the public about a surge in sophisticated online investment scams that falsely use...
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...
