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...
Razon-led Prime Infra Holdings Inc. has announced plan to acquire majority shares of the controlling stake held by Davao businessman Dennis Uy in the depleting Malampaya gas field project, of which Service Contract 38 (SC 38) will also expire in February 2024. Uy has 45 percent shareholdings in...
Bloomberry Resorts Corporation, reported an unaudited consolidated net income of P679.4 million for the first quarter of 2022, reversing from net loss of P780.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the owner of Solaire Resort & Casino and Jeju...
Bloomberry Resorts Corporation (BLOOM), the gaming firm of the country’s second richest man Enrique Razon Jr., is investing in the delayed Mactan and Clark casino project of Dennis A. Uy’s PH Resorts Group Holdings Inc. (PHR). In a disclosure to the Philippine Stock Exchange, Bloomberry said it...
Bloomberry Resorts Corporation sees strong revenue potential in its online gaming business which is started late in 2020. During the firms annual stockholders’ meeting, Bloomberry Chairman Enrique K. Razon Jr. said “We started online gaming on a limited fashion in November of 2020 and have been...
Bloomberry Resorts Corporation, whose subsidiaries own and operate Solaire Resort & Casino and Jeju Sun Hotel & Casino (Jeju Sun), reported audited consolidated net loss of P4.2 billion for 2021, an improvement compared to net loss of P8.3 billion in 2020. In a disclosure to the Philippine...
SMC, SunAsia to challenge 850MW Razon-Leviste solar bid By MYRNA M. VELASCO A subsidiary of top-tier power producer SMC Global Power Holdings Corp of the San Miguel Group and a consortium led by SunAsia Energy will challenge the unsolicited proposal lodged by the joint venture of Prime...
Razon-led Prime Strategic Holdings Inc., via its subsidiary MORE Power Barge Inc. (MPBI), had paid P126 million in cash to ACEN Corporation of the Ayala group for the acquisition of the latter’s 32-megawatt Power Barge 101 in Iloilo. According to the Ayala energy firm, the payment was turned over...
1-2 International Container Terminal Services, Inc. (ICTSI) and the Razon Group's social investments to help the government pandemic recovery initiative now total over P1.5 billion. In the last 21 months since the the community quarantines started, ICTSI, in collaboration with both public and...
Bloomberry Resorts Corporation, owner of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported a smaller unaudited consolidated net loss of P3 billion first nine months of 2021 from a loss of P5.9 billion in the same period last year. In a disclosure to the Philippine Stock...
Razon-led International Container Terminal Services Inc. (ICTSI) registered a 73 percent growth in net income in the first nine-months of the year owing to improved domestic and international trade.
In a statement, Enrique K. Razon, Jr., ICTSI chairman and president said on Friday, Nov. 5,...
Investment house AB Capital Group is beefing up its operations after it suddeny hulked up with the entry of some of the country’s top billionaires into its board of directors. This comes after private investment holding firm The Campden Hill Group took control from the Gaisano family’s Vicsal...
