Enrique Razon
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Henry Sy still leads Filipinos on Forbes' 2018 billionaires list

Mar 07, 2018 - 9:55 AM

The number of Filipinos on the list drops from 14 last year to 12 this year, but their combined net worth increases from $45.8 billion to $55.2 billion

Billionaire Enrique Razon Jr now adopted PMA alumnus

Feb 17, 2018 - 2:25 PM

(UPDATED) Enrique Razon Jr is made an adopted PMA alumnus for his donations to the school, most notably two military barracks worth P540 million

'MISTAH'. PMA alumni adopt individuals they believe have contributed to the mission of the academy which is to serve the country with loyalty, integrity, and courage. Photo by Rambo Talabong/Rappler

[OPINION] Why democracy's not a constraint to infrastructure, development

Nov 22, 2017 - 8:20 AM

In authoritarian regimes, infrastructure projects are subject to large commissions, bribes, and kickbacks, and this often compromises their quantity and quality

PH, Russia mull Northern Luzon railway corridor, new direct flights

Nov 14, 2017 - 3:40 PM

The two countries are exploring direct flights between their capitals and development assistance for the Philippines' Northern railway corridor

BILATERAL TALKS. Transportation Secretary Arthur Tugade and Russian Minister for Transport Maksim Sokolov discuss possible areas of cooperation. Photos from Department of Transportation

Democracy, infrastructure development not a good mix – Razon

Nov 13, 2017 - 9:35 PM

Enrique Razon Jr says 'countries with the best infrastructure in the world are dictatorships'; Jaime Augusto Zobel de Ayala says he won't go that route

In ASEAN business summit, Razon asks PH to 'just get things done'

Nov 13, 2017 - 6:00 PM

The port magnate and casino operator says the Philippines can achieve larger economic gains than its neighbors by improving its infrastructure

FOCUS ON OWN. 'Once and for all, we (the Philippines) really have to focus and invest in our own infrastructure,' tycoon Enrique Razon Jr says. Photo by Adrian Portugal/Rappler

ICTSI makes move into Papua New Guinea

Sep 25, 2017 - 6:00 PM

The listed port operator enters the Oceania market as its subsidiaries sign deals to run international ports in Motukea and Lae

FRESH NICHE. ICTSI says its subsidiaries signed two 25-year agreements with state-owned PNG Ports Corporation Limited to operate international ports in Motukea and Lae. File photo

ICTSI buys Petron's stake in Manila North Harbor

Sep 22, 2017 - 12:45 PM

In a P1.75-billion deal, Petron divests from the Manila North Harbor to focus on its core business

NEW OWNER. ICTSI is entering into another port in Manila, widening its reach here in the country. File photo

Razon sells 350 million shares in Solaire operator

Sep 12, 2017 - 1:51 PM

The chief of the casino operator says increased liquidity in the stock will be beneficial for investors and the company

CONFIDENT. 'I am very confident of the prospects for Bloomberry,' billionaire businessman Enrique Razon Jr. Photo courtesy of Forbes

Wealth of 50 Filipinos account for 24% of PH's 2016 GDP

Aug 24, 2017 - 3:10 PM

4th UPDATE Henry Sy Sr tops Forbes Philippines rich list in 2017 for a decade now but younger and self made tycoons are gaining ground

STILL RICHEST. Henry Sy Sr (extreme right) with wife Felicidad Sy (woman in glasses in the middle) and son Hans Sy (beside Felicidad) during SM grou's 2017 stockholders' meeting. Photo by Rob Reyes/Rappler

All-time high gaming boosts Bloomberry's income 24-fold

Aug 11, 2017 - 12:10 PM

Solaire s consolidated gross gaming revenue GGR rises by 14 to P12 22 billion in the 2nd quarter of 2017 – the highest since it opened in March 2013

Termination of Nigeria contract pulls ICTSI's income to over $100M

Aug 09, 2017 - 12:40 PM

The 24 surge in net income comes amid higher interest and financing charges as well as higher depreciation and amortization expenses

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.

Solaire reports booking cancellations after Resorts World attack

Jun 08, 2017 - 6:29 PM

It should normalize soon now that it s clear it is a robbery not a terrorist attack says Bloomberry Resorts Corporation chairman and CEO Enrique Razon Jr

BOOKING CANCELLATIONS. Enrique Razon Jr of Solaire says the incident puts the industry in an 'extremely sensitive' situation as casinos are in hospitality business. Photo by Chrisee Dela Paz/Rappler

Bloomberry's 2nd hotel, casino eyed for development in 2018

Apr 20, 2017 - 8:46 PM

The Razon led company had hoped to start developing its 1 56 hectare property within Vertis North in Quezon City this year but informal settlers are still occupying it

ANOTHER CASINO. The owner, operator of Solaire wants to build another hotel and casino in Quezon City in 2018. Rappler file photo

Solaire operator swings back to profitability in 2016

Mar 23, 2017 - 10:20 PM

Bloomberry Resorts Corporation registers its highest gross gaming revenue in a year since opening in 2013

GOOD YEAR. The owner of Solaire Resort & Casino swings back to profitability, driven by record revenues from gaming and non-gaming businesses. Rappler file photo

Record number of Filipinos among 'richest people on the planet'

Mar 21, 2017 - 8:03 AM

Joining the 14 Filipinos who are dollar billionaires in 2017 are Ramon Ang Injap Sia Eduardo Cojuangco and Roberto Ongpin

Razon-led ICTSI ends contract with Port of Portland

Mar 01, 2017 - 4:10 PM

ICTSI will pay the Port of Portland 11 45 million in compensation and return the equipment it bought when it took over management of the terminal in 2011

1ST US VENTURE. The Port of Portland lease is ICTSI’s first venture in the US and said to be the largest financial transaction in the history of the city's maritime port. Photo from ICTSI

Duterte hosts intimate dinner for top businessmen

Jan 18, 2017 - 4:40 PM

The 3 hour dinner is organized by former president and now Deputy Speaker Gloria Macapagal Arroyo and Presidential Consultant for Entrepreneurship Joey Concepcion

DINNER WITH BUSINESSMEN. President Rodrigo Duterte hosts a dinner for the country's top businessmen on January 17, 2017. Photo by Rey Baniquet/Presidential Photo

ICTSI proposes $30M barge, RoRo terminal in Cavite

Dec 15, 2016 - 7:40 PM

Transshipping cargo from Manila s ports to Cavite via barge and RoRo equates to approximately 140 000 fewer truck trips plying city roads annually

DECONGEST MANILA PORTS. The proposed terminal will be located within a 6-hectare property in Tanza, Cavite. Rappler file photo

Bloomberry's Jeju casino sale collapses

Dec 09, 2016 - 5:17 PM

We had a sale already done but it fell through Enrique Razon Jr says

File image of Incheon from Wikipedia

Razon group plans to renovate Rizal Memorial Coliseum, add malls

Dec 06, 2016 - 3:32 PM

Within the walls and facade of Rizal stadium will rise contemporary buildings that will house modern offices and commercial areas run by smart technologies the group s proposal says

DERELICT. Destroyed during World War II, the Rizal stadium was reconstructed in 1953, and renovated in 2011. Photo by Bob Guerrero/Rappler.com

Top Philippine CEOs: Businesses don't need to worry under Duterte

Dec 01, 2016 - 6:25 PM

Jaime Augusto Zobel de Ayala says he agrees with the President demanding results from the private sector while Enrique Razon says nothing has changed in Philippine business under the new leadership

'NOTHING DIFFERENT.' Enrique Razon says nothing has changed in the Philippine business environment under President Duterte. Photo by Rappler

Bloomberry reports turnaround profit on gaming, non-gaming units

Nov 15, 2016 - 3:55 PM

The 3rd quarter of 2016 produces the best ever quarterly VIP volume mass table drop and EGM coin in for Solaire thus far

GOOD YEAR. The owner of Solaire Resort & Casino reports a turnaround profit, driven by record revenues from gaming and non-gaming businesses. File photo by Aya Lowe/Rappler

ICTSI's Razon gets subpoena over estafa complaint

Oct 02, 2016 - 7:45 PM

This stems from a criminal complaint of an E Razon Incorporated stockholder claiming P250 million worth of ICTSI shares

TROUBLE. About 28 million shares owned by Enrique Razon, Jr. in the listed port operator International Container Terminal Services Incorporated (ICTSI) is being questioned at a city prosecutor’s office. Rappler photo

Henry Sy still PH's richest man for 9th straight year – Forbes

Aug 25, 2016 - 1:35 PM

The biggest gainer on the list of richest Filipinos percentage wise is Edgar Sia II

Solaire operator returns to profit on strong gaming segments

Aug 11, 2016 - 5:40 PM

Bloomberry Resorts Corporation posts a P1 33 billion net income in the second quarter of the year a complete reversal from its P787 million net loss in the same period a year ago

BACK TO BLACK. Bloomberry posts its best ever quarterly mass table drop and electronic gaming machines (EGM) coin-in for Solaire and coupled with a high VIP volume. Photo by Aya Lowe/Rappler

Bloomberry to sell Jeju casino property

Jun 23, 2016 - 8:00 PM

The purchase price is 102 29 million

File image of Incheon from Wikipedia

Razon plans to build hotel, casino in Quezon City

Apr 25, 2016 - 6:35 PM

The chief of Bloomberry Resorts Corporation says it will be similar to Solaire

2ND CASINO. Enrique Razon Jr says he plans turn the Quezon City land into a mixed-use development similar to Solaire

Marcos’ candidacy, HBO on Pacquiao, PH billionaires | 6PM wRap

Mar 03, 2016 - 7:05 PM

Watch Rappler’s 6PM newscast with Chay Hofileña

11 Filipino tycoons back in Forbes' list of world's richest

Mar 03, 2016 - 2:30 PM

Henry Sy Sr the 91 year old chairman of SM Investments Corporation retains his spot as the richest Filipino according to Forbes 2016 World s Billionaires

PHILIPPINES' RICHEST. (From left): Henry Sy, John Gokongwei Jr, Lucio Tan, and George Ty

PH to share its 'great economic story' with US investors

Mar 02, 2016 - 11:25 AM

Philippine government and business leaders aim to drum up investor interest and soothe concerns over the elections

SHINING. The government is marketing the Philippine economy as Asia's bright spot in order to entice foreign investments. File image by Rappler

ICTSI to open new port terminal in Congo in August

Jan 16, 2016 - 8:51 AM

The new terminal will be located in Matadi the chief sea port in Congo

NEW DEVELOPMENTS. Construction of ICTSI’s new Congo terminal is set to open for business in mid-2016. Photo from ICTSI

Razon bets on better PH gaming climate in 2016

Nov 04, 2015 - 10:10 AM

Casino operator Bloomberry Resorts Corporation narrows losses in the third quarter of 2015 on the back of improving Philippine operations

PH IS NOT MACAU. 'Our high rollers in the past two years did not come from China. They come mainly from Southeast Asia. They are still around…that will still continue,' Enrique Razon of Bloomberry says. Photo by Franz Lopez/Rappler

Philippine firms on billion-dollar global shopping spree

Oct 12, 2015 - 12:04 AM

Local firms are leveraging earnings from a robust economy to buy foreign firms at cheap prices in multiple sectors including telecommunications power fast food and oil

Bloomberry group to build mixed use dev’t in Vertis North

Oct 11, 2015 - 11:25 PM

Hotel and resort arm of Bloomberry Resorts Corporation purchases 15 676 square meter land in Vertis North

Virginia shooting, US-PH talks, Forbes richest | 6PM wRap

Aug 27, 2015 - 7:55 PM

Watch the 6PM edition of Rappler s newscast The wRap

Henry Sy remains Philippines' richest – Forbes

Aug 27, 2015 - 9:42 AM

UPDATED The mall magnate s net worth climbs to 14 4 billion making him the country s wealthiest for the 8th consecutive year Forbes magazine s list of 50 richest Filipinos reveals

ICTSI raises $450M for 2015 capital spending

Aug 19, 2015 - 6:38 PM

The port operator raises the fund through the issuance of perpetual bonds

PORT EXPANSION. ICTSI's 2015 capital spending budget will be mainly used for completion of new container terminals in Mexico, Honduras and Iraq. File photo by Agence France-Presse AFP

Solaire resort casino operator posts loss after betting on boom

Aug 13, 2015 - 8:21 PM

Bloomberry Resorts says costs soar from the expansion of its Manila operation and pioneering investments in South Korea

RED. Bloomberry, operator of Manila's Solaire casino, swings into the red with an after-tax net loss of P786.55 millio ($17.02 million) in the April to June period. Image from Solaire's website

ICTSI not keen on Davao Sasa seaport project

Apr 20, 2015 - 11:06 AM

We may not bid for that says ICTSI chairman Enrique Razon Jr when asked about the P17 B first seaport public private partnership project of the Aquino administration

PH port operator plans Africa expansion

Apr 16, 2015 - 9:45 PM

ICTSI Chairman Enrique Razon Jr says the firm is eyeing two ports in Africa as it continues its global expansion

PH casino operator eyes South Korea expansion

Apr 16, 2015 - 9:00 PM

Bloomberry also plans to invest more than 1B which development of the tourism community starts by 2017

Record gaming revenues fuel Bloomberry turnaround

Mar 19, 2015 - 5:24 PM

The firm posts a P1 55 billion profit for the end of 2014 a turnaround from P2 489 billion in losses at the start of the year

MORE ROOMS. Solaire casino and resort is expanding to cater to a fast-growing gaming client base. File photo by Aya Lowe/Rappler

Manila to host 15th Forbes Global CEO Conference in October

Mar 18, 2015 - 2:27 PM

It will be the first time for the country to host the annual gathering of the ‘world’s most economically powerful business people’

PH casino operator Bloomberry buys South Korean island

Mar 17, 2015 - 3:28 PM

As part of its maiden overseas expansion bid Bloomberry is also acquiring 92 of a casino operator in the popular Asian country

New SAF commander, Filipinos in Forbes’ list, Pacquiao's ultimate fight | The wRap

Mar 04, 2015 - 7:42 PM

President Aquino appoints a new Special Action Force chief Henry Sy is the richest Filipino in the latest Forbes billionaires list Manny Pacquiao prepares for the “fight of his life”

12 Filipinos in Forbes’ 2015 billionaires’ list

Mar 04, 2015 - 7:00 AM

Henry Sy the Philippines richest climbs to 73rd from 2014’s 97th ranking

ICTSI boosts Manila, Subic port capacities

Feb 20, 2015 - 8:27 PM

The port management firm adds 4 new generation reach stackers to its fleet to handle growing volumes in and out of Luzon

The port management firm adds 4 new efficient generation stackers to its fleet

PH casino operator Bloomberry to expand in South Korea

Jan 27, 2015 - 2:20 PM

Razon led Bloomberry is set to build a leisure and tourism complex in South Korea s Incheon Free Economic Zone

 Icheon image from Wikipedia