Dennis Uy - updates

Rappler's latest stories on Dennis Uy

ARTICLE FINDER

From rivals to partners: Chavit Singson teams up with Dennis Uy for 3rd telco

Oct 03, 2019 - 1:35 PM

'LCS, despite conceding to Dito in the 3rd telco bid, is still very passionate...in improving the quality of telecommunication services,' says Chavit Singson

Dennis Uy debuts on 2019 Forbes rich list

Sep 26, 2019 - 2:45 PM

Other newcomers include Antonio Lee Tiu of AgriNurture and real estate developer Delfin Wenceslao, while the Sy siblings and Manny Villar are the wealthiest in the Philippines

Media tour of Udenna Corporation's Clark Global City in Angeles, Pampanga on May 29, 2018. Photo by LeAnne Jazul/Rappler

AFP, Mislatel sign deal to build facilities in military camps

Sep 11, 2019 - 5:45 PM

The Mislatel consortium includes Chinese government-run China Telecom, raising concerns that its facilities may be used for espionage

DEAL SIGNED. Armed Forces of the Philippines Chief of Staff Gen. Benjamin Madrigal Jr. (center), (3rd-Telco) Mislatel President and CEO Dennis Uy (left), MGEN Adrian Sanchez (right) shake hands during the Ceremonial Signing of MOA between AFP and Mislatel at Camp Aguinaldo in Quezon City on Wednesday, Sept. 11, 2019. Photo by Darren Langit/Rappler

Dito Telecom campus to rise in Clark Global City

Sep 06, 2019 - 8:44 PM

The 3rd major telecommunications player says the campus is patterned after Google's headquarters and will house its data center

Dennis Uy denies China oil firm ghosted him

Sep 02, 2019 - 6:10 PM

Dennis Uy's Phoenix Petroleum says it is still in talks with China National Offshore Oil Corporation for a $2-billion joint venture

Dennis Uy's Chelsea acquires original proponent status for Davao Sasa Port modernization

Aug 23, 2019 - 6:57 PM

The 25-year joint venture agreement to develop the Davao Sasa Port entails modernizing the existing port and the establishment of dedicated container handling facilities

ORIGINAL PROPONENT STATUS. Dennis Uy's Chelsea will have to match or best other bids in a Swiss challenge for the Davao Sasa Port Modernization Project. File Photo by Angie de Silva/Rappler

Dennis Uy buys 100 million shares in Roberto Ongpin-led mining firm

Jul 16, 2019 - 2:55 PM

North Kitanglad Agricultural Company sells 100 million common shares of Atok-Big Wedge to Dennis Uy's Udenna Corporation at P2 per share or a total of P200 million

Dennis Uy denies investing in Smartmatic-TIM

May 16, 2019 - 3:20 PM

'There is absolutely no truth to the allegations that the Udenna Group or its chairman, Mr Dennis Uy, purchased a local IT company called TIM,' says Udenna Corporation spokesman Adel Tamano

Dennis Uy, China Telecom ink $5.4 billion deal for 3rd telco

Apr 26, 2019 - 9:03 PM

The signing is held at the 2nd Belt and Road forum held in Beijing, China, with several business leaders from the Philippines, China, and other Asian nations attending it

Phoenix Petroleum posts record net income of P2.77 billion in 2018

Feb 26, 2019 - 12:55 PM

Dennis Uy's Phoenix Petroleum posts impressive numbers, with net income soaring by 82% and revenues by 99% in 2018

SPECTACULAR FINISH. Phoenix Petroleum posts its highest earnings to date. Rappler file photos. Photo by LeAnne Jazul/Rappler


Ben Chan to build office tower in Dennis Uy's Clark Global City

Feb 11, 2019 - 12:55 PM

Retail magnate Ben Chan is expanding in the properties sector through an office tower in Clark Global City

FAST FACTS: Mislatel, the new major telco player

Feb 06, 2019 - 8:35 PM

Check out Mislatel's ownership structure, China Telecom's market share, and how the consortium's promised internet speeds fare globally

Sulu rejects Bangsamoro law | Evening wRap

Jan 24, 2019 - 8:05 PM

Watch Rappler’s evening newscast with Acor Arceo

Dennis Uy's Mislatel guns for best telco, but faces franchise issues

Jan 24, 2019 - 7:30 PM

Dennis Uy dreams of fast internet speeds and great coverage at reasonable costs. But first, he needs to overcome several legal obstacles.

Trillanes calls Dennis Uy's 3rd telco venture 'cronyism'

Jan 24, 2019 - 2:05 PM

'As it is, it's now oozing with preferential treatment and, at worst, cronyism,' says Senator Antonio Trillanes IV

Dennis Uy's Phoenix Petroleum, China's CNOOC get nod for LNG terminal

Jan 14, 2019 - 8:00 PM

The Department of Energy grants Tanglawan Philippines LNG Incorporated the notice to proceed to build a liquefied natural gas terminal in Batangas

GRANTED. The Department of Energy grants the joint venture of Dennis Uy and China's CNOOC the notice to proceed to build an LNG facility. Rappler file photos

Dennis Uy's growing empire (and debt)

Jan 04, 2019 - 11:30 AM

Dennis Uy is on a buying spree for companies. But can he sustain it?

House panel approves Dennis Uy’s controlling stake in Mislatel

Dec 11, 2018 - 1:35 PM

The proposal is approved despite heated debates among lawmakers

Phoenix Petroleum Corp., celebrate its 10th listing anniversary at the PSE in Makati City on July 11, 2017. Photo by LeAnne Jazul/Rappler

Dennis Uy, China firm may bag major oil contract

Nov 23, 2018 - 11:40 AM

Dennis Uy's Phoenix Petroleum and China National Offshore Oil Corporation team up to build an LNG import terminal in Batangas. Their tandem is the lone applicant, so far.

Koko Pimentel says 'no need to worry' over China Telecom's entry to PH

Nov 15, 2018 - 9:30 AM

'Let us also be fair and not be allergic or raise alarm just because the foreign player is Chinese,' Senator Aquilino Pimentel III tells Rappler

Photo by Angie de Silva/Rappler

[ANALYSIS] Disturbing red flags in the 3rd telco selection

Nov 15, 2018 - 9:00 AM

Suspicions of cronyism, as well as serious national security and privacy concerns, deserve more than a passing glance from our leaders and policymakers

[EDITORIAL]: #AnimatED: China's telco play in the Philippines

Nov 12, 2018 - 10:00 AM

The coming entry of China Telecom into our communication infrastructure serves the interest of a covetous neighbor that has wronged us so many times

Blockbuster to lackluster: #TelcoSerye drama leaves people puzzled

Nov 11, 2018 - 7:32 PM

A contest with a single qualifier, an exciting legal drama, and romantic promises. These and a hodgepodge of twists are perfect for a #TelcoSerye.

IN CHARTS: Telco promises of Chavit Singson vs Dennis Uy-China Telecom

Nov 09, 2018 - 8:35 PM

Chavit Singson's Sear Telecom intends to spend a whopping P540 billion, and promises 100% national coverage and lightning speeds, should its bid be considered

Manny Pangilinan downplays Dennis Uy's 3rd telco

Nov 08, 2018 - 7:10 PM

Tycoon Manny Pangilinan and other PLDT officials say the 3rd major telco player has a lot of catching up to do, particularly in terms of building infrastructure

IN CHARTS: Udenna Corp-China Telecom's promises

Nov 08, 2018 - 8:45 AM

Provisional 3rd telco winner Mislatel promises to blow away Smart and Globe with super fast internet and wide coverage – at a very hefty price

Dennis Uy-China Telco consortium provisionally named 3rd telco | Evening wRap

Nov 07, 2018 - 9:42 PM

Watch Rappler’s evening newscast with Margie de Leon

Dennis Uy-China Telecom consortium provisionally named 3rd telco

Nov 07, 2018 - 5:33 PM

(UPDATED) Their group, called Mislatel Consortium, garners a total of 456.8 points out of 500 under the criteria

Uneven playing field? Disqualified bidders slam 3rd telco rules

Nov 07, 2018 - 4:45 PM

PT&T and Sear Telecom both need to pay a non-refundable appeal fee of P10 million, if they choose to file motions for reconsideration on their disqualification

BIDDING FOR THIRD. Members of the selection committee evaluate documents of new 3rd telco player-aspirants. Photo by Darren Langit/Rappler

Only Dennis Uy-China Telecom bid qualified, 2 others incomplete

Nov 07, 2018 - 1:35 PM

The bid documents of the Dennis Uy-China Telecom consortium are deemed qualified, while Sear Telecom and PT&T are both disqualified, which the two can still appeal

China Telecom, Dennis Uy's Udenna Corp team up for 3rd telco bid

Nov 07, 2018 - 9:55 AM

President Rodrigo Duterte previously said he wants a Chinese company to be the 3rd major telecommunications player

Dennis Uy invests in Manny Pangilinan's PXP Energy

Oct 29, 2018 - 12:25 PM

PXP Energy, a company which has interests in the West Philippine Sea, says it will use the money raised from the deal to fund oil exploration activities

Chavit Singson, Dennis Uy, to bid for 3rd telco

Oct 08, 2018 - 6:55 PM

Contenders can buy the bid documents for P1 million per set and need to cash out some P700 million worth of participation security

Dennis Uy's Chelsea Logistics unveils PH's biggest oil tanker

Oct 07, 2018 - 4:31 PM

The M/T Chelsea Providence is a 183.3-meter long medium-range oil tanker that can carry up to 54 million liters of petroleum

Dennis Uy takes a slice of Conti's resto

Sep 10, 2018 - 5:40 PM

The deal solidifies Davao-based tycoon Dennis Uy's presence in the restaurant industry

Dennis Uy to bring BGC to Pampanga

May 29, 2018 - 7:04 PM

Davao businessman Dennis Uy's Udenna Corp. aims to make Clark Global City as the 'new center' of the country in the next 10 years

NEW TYCOON. Davao City businessman Dennis Uy gave the media a sneak peek of Clark Global City. Photo by LeAnne Jazul/Rappler

PCC approves merger of Dennis Uy's Udenna with 2GO shareholder

May 07, 2018 - 6:00 PM

Udenna Corporation, holding firm of tycoon Dennis Uy, pays the Philippine Competition Commission P19.6 million as penalty for initially failing to notify the antitrust agency about the merger

COMPLIANCE. Back in August 2016, Dennis Uy's Udenna bought all of KGLI Investment Cooperatief UA's shares in KGLI-BV, which in turn owned 39.71% of KGLI-NM Holdings Incorporated. Photo was during a sit-down interview with Uy on July 12, 2017. Photo by LeAnne Jazul/Rappler

Dennis Uy-led Chelsea Logistics to expand into infrastructure

Mar 20, 2018 - 6:15 PM

The company says it will 'find [the] best ways to complement' the Build, Build, Build program of the Duterte administration

PRIME MOVER. The shipping and logistics business of the Udenna Group wants to expand into infrastructure. Photo from Chelsea Logistics

Dennis Uy's Udenna to challenge PCC decision or file notification

Feb 19, 2018 - 6:10 PM

Udenna is weighing two options – challenge the PCC decision by filing a motion for reconsideration or a court petition, or fulfill the PCC requirement to file a notification of its acquisition

HURDLE. The holding firm of tycoon Dennis Uy is facing an obstacle on its acquisition of a Dutch firm that indirectly holds interest in 2GO. Photo is from Rappler's sit down interview with Dennis Uy on July 12, 2017. Photo by LeAnne Jazul/Rappler

PCC voids merger of Dennis Uy's Udenna with 2GO shareholder

Feb 19, 2018 - 3:09 PM

The holding company of Dennis Uy is also being penalized over P19 million for its alleged failure to notify the Philippine Competition Commission of its merger with a Dutch company, which indirectly holds shares in 2GO's parent firm

FINED AND NULLIFIED. Udenna is being penalized for allegedly violating the notification rule under the Philippine Competition Act. Sit down interview with Udenna Corporation's Dennis Uy on July 12, 2017. Photo by LeAnne Jazul/Rappler

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

Dennis Uy's Phoenix Petroleum inks deal to buy FamilyMart

Oct 30, 2017 - 2:55 PM

The planned acquisition of FamilyMart's Philippine franchise from Ayala Land and the SSI Group would mark Phoenix Petroleum's entry into the fast-growing domestic convenience retail market

Duterte, PSC give cash incentives to SEA Games medalists

Sep 13, 2017 - 9:40 PM

President Rodrigo Duterte also tells the Philippine Sports Commission to look for the next award winning athletes in non traditional places

Chelsea Logistics offers to buy Starlite Ferries

Sep 04, 2017 - 2:00 PM

Dennis Uy says the planned acquisition will bring Chelsea Logistics a step closer to fulfilling its growth commitment

PLANNED ACQUISITION. Starlite and its subsidiaries have 14 vessels in the fleet, of which 5 are RORO passenger vessels that were acquired in 2016 and 2017. Photo from Starlite official website

#ThewRap: Things you need to know, August 16, 2017

Aug 16, 2017 - 12:30 PM

Hello Here s a roundup of news you need to know this Wednesday

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

Core business fuels Phoenix Petroleum's income

Aug 14, 2017 - 11:37 AM

The oil firm s strong performance was brought about by the 24 increase in revenues from its core petroleum business

Chelsea Logistics stock closes in the red on PSE debut

Aug 08, 2017 - 5:55 PM

Investors take their profits after initially seeing gains on Chelsea Logistics first day of trading

Big business winners, losers in Duterte's 1st year

Jul 24, 2017 - 5:03 PM

The stock price of Dennis Uy s Phoenix Petroleum increased about 92 from July last year while Ongpin associated Philweb s stock price fell 46 3

FIREBRAND. Though President Rodrigo Duterte has for the most part left businessmen on their own, his tirades against select businessmen have brought about  tremors at the Philippine Stock Exchange.