*Photo above shows the inauguration of the first permanent sub-station of MORE Power in Iloilo City, attended by (from left) magnate, Enrique Razon Jr.; Megaworld Executive Vice President, Kevin Tan; Iloilo City Mayor, Jerry Treñas; and MORE Power President and CEO, Roel Castro.  (Arnold...
Razon-led Prime Infrastructure Capital Inc. has named Martin O’Neil as a new addition into the company’s board of directors. O’Neil was a former executive vice president and chief financial officer (CFO) of International Container Terminal Services Inc. (ICTSI), a flagship company of the...
Prime Energy, a subsidiary of the Razon Group’s Prime Infrastructure Capital Inc., has convened an advisory council composed of technical experts and key industry leaders for the exploration and development of the Malampaya gas field. In a statement, Prime Infra said the advisory council will...
Razon-led Prime Infrastructure Capital Inc. (Prime Infra) will modernize the waste management facility in Cebu City, which is targeted to match the quality and caliber of materials recovery facilities (MRFs) of developed countries, including ASEAN-neighbor Singapore. Via its subsidiary Prime...
Razon-led Prime Infrastructure Capital Inc. has started its tendering process for the engagement of an engineering, procurement and construction (EPC) contractor for its P200-billion Terra Solar farm project being targeted for commercial streaming starting 2026. "We are currently in the process of...
WawaJVCo Inc., a joint venture of Prime Infra and San Lorenzo Ruiz Builders and Developers Group, has started commercial operations of the first phase of its Bulk Water Supply Project. In a statement, Prime Infra of tycoon Enrique Razon Jr. said Phase 1 is designed to deliver an initial 80 million...
Bloomberry Resorts Corporation, owner and operator of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported a consolidated net profit of P4.0 billion for the first nine months this year, a reversal from the net loss of P3.0 billion in the same period last year. “Against a global...
BDO Unibank is providing financial support to critical water infrastructure projects of San Miguel Corporation’s Luzon Clean Water Development Corporation (LCWDC) and Razon Group’s Wawa Bulk Water Supply Project. In a statement, the bank said its “unwavering support to these initiatives...
Malampaya Energy XP Holdings (MEXP), a subsidiary company of Udenna Corporation of businessman Dennis Uy, does not hold any firm interest yet on the 45-percent operating stake in the country’s commercial gas field because its acquisition deal with Shell Philippines Exploration B.V. (SPEX) had not...
Billionaire Enrique K. Razon Jr. has tapped Sebastian C. Quiniones Jr., former managing director of Shell Philippines Exploration B.V. (SPEX), to become the general manager of his upstream oil and gas business under Prime Exploration Pte. Ltd. effective August 17 this year. Prime Exploration is the...
A ranking in Forbes Asia magazine’s August issue showed the Sy siblings remaining the richest family in the Philippines while Manuel B. Villar Jr. is still the country’s wealthiest individual. For this year, Forbes Asia noted that the combined wealth of tycoons on the list of Philippines’ 50...
Bloomberry Resorts Corporation, owner of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported a turnaround with an unaudited consolidated net income of P2.5 billion in the first six months of 2022 from its net loss of P1.9 billion in the same period last year. In a disclosure to...
