2GO Group Incorporated
ARTICLE FINDER

Net income of Chelsea Logistics quadruples on 2GO acquisition

Nov 16, 2017 - 2:12 PM

The increase in net income is driven by Chelsea Logistics Holdings Corporation's acquisition of two more logistics companies and shares in the 2GO Group

PRIME MOVER. The shipping and logistics business of the Udenna Group started in 2006 with the acquisition of a tanker in support of the operations of Phoenix Petroleum Philippines Incorporated. Photo from Chelsea Logistics

After 2GO, SM group not looking to buy other logistics firms

Sep 20, 2017 - 7:45 PM

The president of SM Investments Corporation says their plate is 'full' when it comes to the logistics sector

PLATE IS FULL. 'No. At this time, we are fairly new in 2GO. We believe there is a lot of growth opportunities in 2GO,' SMIC chief Frederic DyBuncio replies when asked if SM is interested in other logistics firms. Photo by Rob Reyes/Rappler

How to grow a business, according to Dennis Uy

Aug 16, 2017 - 10:00 AM

The 43 year old businessman from Davao – also a staunch supporter of President Rodrigo Duterte – is one of the most aggressive dealmakers in the country acquiring companies left and right

Sit down interview with Phoenix Petroleum President and CEO Dennis Uy on July 12, 2017. Photo by LeAnne Jazul/Rappler

How the Sy family and Dennis Uy became business partners

Aug 15, 2017 - 6:04 PM

Davao based businessman Dennis Uy has earned the trust of the Philippines richest family the Sys who backed him in his foray into shipping and logistics

Sit down interview with Phoenix Petroleum President and CEO Dennis Uy on July 12, 2017. Photo by LeAnne Jazul/Rappler

Ex-2GO chief decries attack over accounting scandal

Jul 14, 2017 - 1:51 PM

The only explanation for this fiasco is that the new external auditor might have found an opportunity to get back at us says Sulficio Tagud Jr

ACCOUNTING SCANDAL. 2GO last week restated its 2015 and 2016 financial statements, after a special audit requested by the firm's new management. Rappler file photo

Doubts hound KPMG following 2GO accounting scandal

Jul 13, 2017 - 5:30 PM

But KPMG RG Manabat says that its audit was based on the judgment and estimates made by 2GO management during that period

AUDITING FINANCIALS. Data from the Philippine Stock Exchange shows top 5 external auditing firms are SGV; Punongbayan & Araullo; KPMG; Reyes, Tacandong & Company; as well as Isla Lipana & Company. PSE file photo

2GO management, auditors may face over P1-M fine

Jul 11, 2017 - 11:30 PM

An investigation is underway into the restated financial statements of 2GO with the Securities and Exchange Commission looking into possible misrepresentation

OVER-INFLATED FIGURES? The restated financials pruned a whopping 90% off 2GO's net income in 2015 to P109.131 million. It also turned out that its 2016 net income should have been 74% lower than what was reported in 2015. Rappler file photo

2GO hikes spending budget to P850M in 2015

Jul 14, 2015 - 5:19 PM

About P700 million 15 48 of this year’s capex will be used to acquire a roll on roll off vessel and two fast ferries and the remaining P150 million 3 32 million for warehouse retrofitting and equipment

REFLEETING. 2GO Group will use bulk of its capital spending budget for the year to buy one roll-on roll-off vessel and two fast ferries. Photo from 2GO.com.ph