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...
Davao tycoon Dennis A. Uy’s PH Resorts Group Holdings Inc. still owes Bloomberry Resorts Corp. of Enrique K. Razon Jr. ₱301 million from the ₱1-billion deposit made for the cancelled investment in shelved casino projects in Cebu and Clark. In a disclosure to the Philippine Stock Exchange,...
Bloomberry's expansion with Solaire North impacted its 2024 financial results, with increased expenses offsetting revenue gains. Razon-led integrated gaming resorts owner Bloomberry Resorts Corp. reported a 72.6 percent drop in consolidated net income to ₱2.6 billion last year from the...
Razon-led gaming firm Bloomberry Resorts Corporation is projected to save approximately ₱900 million annually due to the refinancing of loans used to fund the construction of Solaire Resort North. "The company is not in any sort of debt or cash flow crisis. In fact, the (₱40 billion)...
Billionaire Enrique K. Razon Jr.’s casino and resort firm Bloomberry Resorts Corporation (BRC) reported that Solaire North head Gregory Francis Hawkins has been appointed as acting chief operating officer (COO) of its operating subsidiary Bloomberry Resorts and Hotels Inc. (BRHI). In a disclosure...
Billionaire Enrique K. Razon Jr.’s Bloomberry Resorts Corporation (BRC), which owns the Solaire and Jeju Sun integrated resorts, reported that Thomas Arasi retired on Dec. 17, 2024, as President and Chief Operating Officer (COO). In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Bloomberry Resorts Corporation, owner and operator of Solaire Resorts and Jeju Sun Hotel & Casino, reported a 58 percent drop in net income for the first nine months of 2024 and a net loss for the third quarter, partly due to Solaire North (SN). In a disclosure to the Philippine Stock Exchange,...
Razon-led International Container Terminal Services, Inc. (ICTSI) reported a 31 percent increase in attributable net income in the first nine months of 2024 to $632.6 million from $484.5 million in the same period last year on the back of higher operating income. In a regulatory filing on Tuesday,...
San Miguel Corporation, the diversified conglomerate controlled by tycoon Ramon S. Ang, has completed its P1.02 billion acquisition of the interests of Razon-led Manila Water Company in two Bulacan water projects. In a disclosure to the Philippine Stock Exchange (PSE), Manila Water said the closing...
