Get the latest news from your inbox for free. Digong has probably forgotten that Marcos was able to do away with the oligarchs in his time but a new set of oligarchs replaced the old. After Duterte encouraged the Chinese wireless giant to join the competition, Norway’s Telenor ASA and Austria’s Mobiltel AG, which had bought documents to participate, didn’t bid. 2018: Philippine Family Mart CVS Inc.; joint venture with Tipco Asphalt Public Co. Ltd.; Pos!ble net, a digital payment start-up (P72 million); restaurant chain Conti’s Holdings Corp.; H20 Ventures Corp. (Calapan Waterworks Corp.); PXP Energy Corp. (formerly Philex Petroleum Corp.); and Autostrada Motore Inc. (Philippine Ferrari distributor). There are millions of households in Metro Manila. It has often been claimed that impeachment is a political exercise. The Board Engaged The Audit Firm. Before Duterte’s rise, the southern province of Davao was better known for its tropical fruit and an endangered species of monkey-eating eagle than for business powerhouses like Uy’s. Take note, dear readers: policemen and not health professionals like doctors and nurses. It would take the cops, given their limited number, hundreds of years to complete the search. MANILA -- Rising Philippine tycoon Dennis Uy has moved to buy out the local operations of convenience store chain FamilyMart from its Filipino and Japanese owners. Uy’s gambling resort will also put him in competition with the family behind Belle Corp., which owns a stake in Manila’s City of Dreams casino. These officials remind me of the comic strip, “The Katzenjammer Kids,” who always did pranks. Smart is owned by PLDT, Inc., whose Chairman Manuel Pangilinan has been repeatedly criticized by Duterte as an out-of-touch elite. With a casino, Uy will be in competition with Enrique Razon, a third-generation heir of a ports and cargo empire who founded Bloomberry Resorts Corp., developer of the Solaire Resort and Casino in Manila’s Entertainment City suburb. Question: Does President Digong, a very honest man, know about the new acquisitions of his friend from Davao? 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 Aug 15, 2017 10:04 AM PHT Chrisee Dela Paz Ltd., wholly-owned unit of Udenna Corporation, on Wednesday announced it has completed its buy-out of Chevron Philippines’ share in the Malampaya Consortium, equivalent to a 45% stake in the gas field in offshore Palawan. Intramuros, Manila 1002 The mayor was Rodrigo Duterte, the country’s current President. Uy has stakes in at least 50 companies operating in shipping and logistics, hotel and tourism, education, hospitality, food retail, property development and infrastructure. “He said my image is soft, so I should practice before a mirror saying, ‘You son of a b****,’ 100 times,” Uy said in an interview in Manila. Dennis Anthony H. Uy of Pampanga, different from the DAU of Davao, walks into the veranda of The Club Filipino one recent Saturday morning with a … ; Duta Inc. (owner of Petronas LPG); Kaparangan Inc.; Enderun Colleges Inc.; ADF Enderun 1010 Inc.; Lapu-Lapu Land Corp.; Global Gateway Development Corp. (Cayman); and GGDC Holdings Inc. (Cayman). BOX769. Davao-based businessman Dennis Uy’s conglomerate Udenna Group is dismissing speculations circulating on social media that it is related to a certain broadcast firm which is allegedly taking over the frequencies left by ABS-CBN Corporation. Populist President Rodrigo “Digong” Duterte takes pride in having dismantled the country’s oligarchy without declaring martial law as President Ferdinand Marcos did in 1972. The comic strip characters were funny but the quarantine officials are not; they’re lunatics. He is the eldest among siblings. These figures were culled from the report made by Uy to the Securities and Exchange Commission in compliance with the disclosure requirements for its backdoor listing through ISM Communications Corp. of Marcos crony Roberto Ongpin to hold Uy’s P72-billion assets. Streamtech Systems Technologies, Inc., led by the Philippine’s richest person Manuel Villar, withdrew from the race. You have successfully joined our subscriber list. Dennis Uy’s Malampaya Philippines Pte. President Duterte has also been a strong critic of the current telecommunications duopoly. --oo0oo-- Jose “Kuya Jay” Pelayo IV is the president of Metro Angeles City Journalists Association, Inc. and the … Who cares about supporting transparency to win. Granted, but Uy’s wealth has gone up exponentially during the Duterte administration. All Rights Reserved. Already, there’s scuttlebutt that Uy is about to buy the frequency spectrum of shuttered ABS-CBN Corp. broadcasting network. “You always have to look out for opportunities whether small or big or whether it’s aligned to what you’re doing or not,” Uy said. 'Family Tree' of The Milky Way Reveals The Fate of The Mysterious Kraken Galaxy. And the motorcycle should have a plastic barrier between the driver and the passenger, another loony idea to come out of the heads of these officious bureaucrats. Uy says Duterte hasn’t played a direct role in his businesses, but the advice worked. “He doesn’t like when a person is bullied.”. © 2020 Manila Bulletin The Nation's Leading Newspaper. By continuing to use this website without disabling cookies in your web browser, you are agreeing to our use of cookies. Tag Archives: Dennis Uy. He is also on the board of Granland Resources Corp. and Aquamines Philippines, Inc. and Director-Davao Chapter at Philippine National Red Cross. If Duque is incompetent, what do you expect of the officials at the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) who are not health professionals but mostly military men? 3 Philippine gasoline retailer after taking market share from Royal Dutch Shell Plc.’s local unit and Petron by offering round-the-clock service to business clients such as Cebu Air, Inc., part of the Gokongwei group. Uy said his aggressive expansion under Duterte is partly from confidence that the president has created a level playing that allows an outsider like him to do business. Ayala is led by Chairman Jaime Augusto Zobel de Ayala II, a frequent Duterte target. Founder of Phoenix Petroleum Philippines, Inc., Domingo T. Uy presently is Chairman at Granscor Corp. and Chairman for Phoenix Petroleum Philippines, Inc. The firm disclosed on Friday, February 15, that it plans to list 1.79 billion common shares with an oversubscription of up to 267.95 million common shares. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, October 30, Phoenix Petroleum said that “a Memorandum of Understanding was signed on October 30, 2017 between […] GOVERNMENT officials in charge of preventing the spread of the coronavirus disease 2019 (Covid-19) have come out with bizarre ideas. “Joey” Concepcion 3rd, the presidential adviser for entrepreneurship, has proposed mass testing of millions of Filipinos for Covid-19 to save the economy. Muralla cor Recoletos Sts. [952108,2575473,2575441,2575277,2575335,2575235,2575197], How Dennis Uy built a business empire in 8 years, Donut chain offers trial franchise package, Fernando replacing JAZA as Ayala CEO in April, Customs seizes P9.5-B smuggled goods this year, Lopez urges Filipinos to patronize MSMEs to support recovery. The service may not be perfect but Angeleños are fortunate to have a Dennis Uy who always has the grit to improve and excel on his ventures and services. CVC Capital invests P6 B in Fast Group to expand logistics business, Gov’t studying technical option to broaden foreign ownership in RE projects, SMC taps Dutch firm for airport land development, CREBA joins Mayor Gatchalian’s bid to end traffic mess at NLEX, Sun Life expects ‘U-shaped’ economic recovery, SMC targets156 Autosweep RFID stations end December, Good news: Lower electricity prices this holiday season, Lower electricity rates expected in next billing, Revised rules to speed up resolution of IPR cases. He was cleared of the smuggling charges and went on to quadruple profit at his Phoenix Petroleum Philippines, Inc. in the five years through the end of 2018. The P130-million smuggling case stemmed from alleged non-payment or underdeclaration of oil shipments by Phoenix … The Soongs, however, will still retain a 30 percent stake in the new company. IN Germany, the Supreme Court ruled electronic voting as unconstitutional for its lack of transparency. Uy went to see the local mayor, a family friend from childhood, for advice. Uy and Motostrada will be picking up where the former distributor Wellington Soong and Autostrada Motore left off. Palace spokesman Harry Roque Jr. said Uy was already very rich before Digong became president because his family was engaged in gold mining. Total debt has mushroomed from about ₱14 billion ($275 million) to ₱111.5 billion in the four years ended December 2018, based on the most recent regulatory filing from his Udenna Corp. holding company. Belle is part of the family-controlled empire built by the late Henry Sy. Dennis Uy Dennis Uy has been the making noise in the business community. 10/22/2020. Go Negosyo founder Jose Ma. “He said my image is soft, so I should practice before a mirror saying, ‘You son of a b****,’ 100 times,” Uy said in an interview in Manila. Mass testing should have been done in January, the early stages of the pandemic. Udenna Corporation is a holdings company by the Udenna Group of Companies which is based in Davao City, Philippines founded by businessman Dennis Uy.Primarily involved in the petroleum and shipping industry in its initial years of existence, the company later diversified and became involved in other industries such as real estate and telecommunications. Haven’t these stupes heard of aerodynamics, which means that the barrier would cause the wind to impede the speed of the motorcycle and outbalance the vehicle? At 2GO Group, Dennis Uy has 13 colleagues including Frederic DyBuncio (CEO), Francis Chua (Vice Chairman of the Board)… × We use cookies to provide a better service. He only gets to know from what he reads from newspapers.”. TAGS: Dennis Uy, PH Family Mart, Phoenix Petroleum. Digong may have dismantled the oligarchic empires of the Ayalas, Pangilinan, Consunji and Filipinos with one-syllable surnames, but another one-syllable family name is cropping up: Uy – for Dennis Uy. newsinfo I SALUTE Valenzuela City Mayor Rex Gatchalian for doing his job and demonstrating what political will can do. “If you survived petroleum and shipping, it trains you to be battle-ready,” said Uy, 46. Dennis Uy-led Phoenix Petroleum Philippines Incorporated announced a deal to acquire the Philippine unit of convenience store chain FamilyMart from Ayala Land Incorporated and SSI Group Incorporated. Dennis Uy is currently Chairman of the Board at 2GO Group. 2017: Udenna Infrastructure Corp.; Le Penseur Inc.; PH Travel and Holdings Corp.; Udenna Water Integrated Services Inc.; Valueleases Inc.; Clark Global City Corp. (177-hectare Global Logistics City in Clark); Aetos Air Philippines Inc.; Lapu-Lapu Leisure Inc. (casino); Donatela Hotel Panglao Corp.; Starlite Ferries Inc.; Worklink Services Inc.; Phoenix LPG Phil. Dennis Uy Acquires Family Mart Philippines | Philippine Primer WHILE many individuals and institutions are blowing their horns about helping to alleviate the hunger of the poor in the country, a Taiwanese humanitarian... TODAY, I am glad to share with you our Postcards from the Future for Clark Freeport Zone. By Richmond Mercurio/The Philippine Star - The local operations of Japanese convenience store chain FamilyMart will soon be under the helm of businessman Dennis Uy after his retail fuel business, Phoenix Petroleum Philippines Inc., decided to acquire the convenience store chain’s entire stake from its current owners. Uy's grandparents, Ega Uy and Tao Sui Eng were ethnic Chinese who settled in Davao as merchants and had a store which sold fishing equipment and bread while his parents ran a small business which sold copra. Uy built his group on the foundation of Phoenix Petroleum, which he started in 2002, four years after the nation deregulated its oil industry. Uy also lacked experience in the gambling resort business, but won the first such license offered after Duterte became President, gaining permission to build a $300-million casino complex on a resort island in Cebu. Mr. Uy is the Chairman and President of Udenna Corporation, he Founded Phoenix petroleum philippines and is also the President/CEO of Chelsea Shipping Corporation. But in the past few years, Uy, who donated to Duterte’s presidential campaign, has spread far beyond the region, assembling assets that are eating into industries ruled by some of the country’s richest and oldest business dynasties. “I’ve been always confident on the Philippines, but it’s different when you know the leadership and you are both from the same place,” Uy said. The latest harebrained idea is for policemen to go house-to-house in search of coronavirus patients and compel them to be confined in government-run quarantine facilities. The Sy group encompasses BDO Unibank, Inc., Uy’s biggest creditor, and has a shipping and logistics venture with him, 2GO Group. “We look at industries where we can be where we can be in the top 5, or where we have the means to compete or there is room to serve the customer better.”. Duterte has repeatedly called for greater competition in the industry, which has some of the highest mobile rates and slowest service in Southeast Asia. Dennis Uy, chairman and CEO of Philippines' Phoenix petroleum company, delivers his speech at the Philippine Stock Exchange in the financial district of Makati on July 11, 2017, on the company's tenth anniversary of its listing. Dennis Uy (Bloomberg file Photo) Uy went to see the local mayor, a family friend from childhood, for advice. Already, there’s scuttlebutt that Uy is about to buy the frequency spectrum of shuttered ABS-CBN Corp. broadcasting network. SyCip. Beginnings The 43-year-old Davao-based businessman, started his exposure The carrier’s largest shareholders include JG Summit Holdings, Inc., the banking, aviation and retail conglomerate now run by Lance Gokongwei, founder John Gokongwei Jr.’s son. For now, happy celebrations come in a box! Copyright © The Manila Times – All Rights Reserved. At night the same couples share the same bed and make love, and they’re not allowed to share the same ride on a motorcycle?! ... Dennis Anthony Uy named 2020 Asia CEO Awards Entrepreneur of the Year The Manila Times. Wendy's Co President, International and Chief Development Officer Abigail Pringle and Udenna Chairman and CEO, Dennis Uy pose in front of a Wendy's branch. With traffic at the North Luzon Expressway... AS always, my interest is in the constitutional theory of impeachment. “I am not close to the President,” he said in the interview. June 30, 2020. It is in the business of distribution and retail of petroleum products and lubricants under the Phoenix brand, and is also engaged in shipping and logistics through its majority-owned subsidiary, Chelsea Logistics and Infrastucture Holdings Corp. newsinfo Water remains our saving grace right now. by JOANNE RAE RAMIREZ I recently marked a milestone even if it was somebody else’s birthday — the exquisite Che Uy’s! Uy last May 11 denied that he was interested in acquiring the embattled television network from the Lopez family following the cease and desist order issued by the National Telecommunications Commission against ABS-CBN after is legislative franchise under RA 7966 lapsed last May 4. Toktok your new online delivery service partner! 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