Roberto Ongpin - updates

Rappler's latest stories on Roberto Ongpin


Look back: Duterte's tussles with big business

Dec 09, 2019 - 6:30 PM

Going from threats to defying an international court order, President Duterte proves more and more that he will use every presidential power to pressure some of the country's biggest firms

President Rodrigo Roa Duterte holds a press conference at the Malacañan Palace on November 19, 2019. TOTO LOZANO/PRESIDENTIAL PHOTO

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

CA affirms decision clearing Roberto Ongpin of insider trading

Aug 02, 2018 - 10:27 PM

The five-page resolution of the Court of Appeals denies a motion for reconsideration filed by the Securities and Exchange Commission's (SEC) Enforcement and Investor Protection Department

ROBERTO ONGPIN. The Court of Appeals affirms an earlier decision clearing Roberto Ongpin of insider trading. Rappler File photo

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

CA clears Roberto Ongpin of insider trading

Dec 12, 2017 - 2:45 PM

The decision reverses a July 2016 Securities and Exchange Commission ruling which barred Ongpin from joining the board of any listed firm and fined him P174 million

PhilWeb to resume gaming operations after getting Pagcor license

Oct 31, 2017 - 7:45 PM

The e-gaming firm expects to return to profitability by 2018

Want to be on Duterte’s good side? Be pro-poor, aide tells businessmen

Oct 11, 2017 - 6:18 PM

'If big business will not help the poor, definitely the President will be against that establishment,' Presidential Adviser on Entrepreneurship Joey Concepcion tells business executives

ANTI SELF-SERVING FIRMS. A year into power, the Philippine president's tirades against select big business have caused tremors. Rappler file photo

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

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.

Could Duterte's approach to China ultimately make Ongpin richer?

May 17, 2017 - 1:00 PM

It s no secret President Rodrigo Duterte dislikes tycoon Roberto Ongpin But Duterte s friendly approach toward China may be the key Ongpin has long been waiting for to unlock a natural gas windfall in the South China Sea

Road rage suspect, richest Filipinos, Comey | Midday wRap

Mar 21, 2017 - 12:04 PM

Watch the midday newscast with Ana Arceo

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

PhilWeb's new chief Araneta asks Pagcor to renew license

Oct 12, 2016 - 8:05 PM

This comes after embattled businessman Roberto Ongpin sold his entire 53 76 stake in PhilWeb to Gregorio Greggy Ma Araneta III for a discounted price of P2 60 per share

EXHAUSTING ALL MEANS. PhilWeb has been exhausting all means for Philippine Amusement and Gaming Corporation (PAGCOR) to renew its license to operate e-Games cafes.

Businessmen for Duterte, Dick Gordon, Nobel Prize | 6PM wRap

Oct 05, 2016 - 11:48 PM

Watch the 6PM wRap with Paterno Esmaquel

Ongpin sells PhilWeb shares to Greggy Araneta

Oct 05, 2016 - 7:33 PM

Gregorio Greggy Araneta III son in law of the late President Ferdinand Marcos will be the new chairman of PhilWeb Corporation

RENEW. With the divestment of Ongpin, the new management of PhilWeb will apply anew for the renewal of its license with PAGCOR to operate eGames cafes

Ongpin renews auction of his PhilWeb shares

Sep 05, 2016 - 3:07 PM

The businessman says he will donate P1 billion of the proceeds to the government s drug rehabilitation program

'FIRM BELIEVER.' 'I am a firm believer in the President's drive against the drug menace,' says embattled Roberto Ongpin. Photo by Chrisee Dela Paz/Rappler

Ongpin hits SolGen for new evidence on insider trading case

Sep 01, 2016 - 7:30 PM

It shows that their evidence in the first place were lacking and did not warrant certainly imposing a fine on Mr Ongpin of P174 million the businessman s lawyer argues

BATTLE LINES. SEC is working with OSG to 'strongly oppose' Ongpin's petition to stop them from imposing fines and penalties against him involving insider trading of Philex Mining Corporation shares back in 2009. Photo by Chrisee Dela Paz/Rappler

PhilWeb plans to revive mobile lotto gaming

Aug 24, 2016 - 8:10 PM

After not renewing PhilWeb s online gaming license PAGCOR will look into the firm s mobile lottery proposal and review its terms

FIGHT VS ONLINE GAMING. The fight against online gaming comes after President Duterte publicly named Ongpin (L) as one of the oligarchs he wants to destroy. Domingo's photo (R) from PAGCOR website

Ongpin offers PAGCOR his P20B PhilWeb shares for drug rehab

Aug 21, 2016 - 8:02 AM

In an amended proposal to PAGCOR Ongpin says – for the 3rd time – that this is his last attempt to save PhilWeb Corporation and its employees

'FIRM BELIEVER.' 'I am a firm believer in the President [Rodrigo Duterte]'s drive against the drug menace,' embattled Roberto Ongpin says. Photo by Chrisee Dela Paz/Rappler

PAGCOR rejects Ongpin's offer to donate PhilWeb shares

Aug 18, 2016 - 3:40 PM

UPDATED PAGCOR chief Andrea Domingo says President Rodrigo Duterte is against online and onsite gaming because these bring social ills

A FIGHT AGAINST ONLINE GAMING. Domingo's (R) response comes a day after Ongpin (L) offered to donate 49% of his entire 53.76% stake in PhilWeb to PAGCOR. Domingo's photo from PAGCOR website

Ongpin offers to donate bulk of his PhilWeb shares to PAGCOR

Aug 17, 2016 - 4:45 PM

Businessman Roberto Ongpin also plans to donate the remaining 4 76 to the Ateneo de Manila University JVO Scholarship Fund

MOOT AND ACADEMIC. Ongpin tells PAGCOR that he will no longer sell his PhilWeb shares through public bidding, declaring it as 'moot and academic.' Photo by Chrisee Dela Paz/Rappler

How to tame your oligarch

Aug 11, 2016 - 12:15 PM

There is only one true cure for oligarchy and the rule of a few – the advent of strong competition in both the market economy and the political sphere

Ongpin to sell his entire 53.76% stake in PhilWeb

Aug 10, 2016 - 6:15 PM

UPDATED This is his last attempt to save the firm after PAGCOR firms up its decision not to renew PhilWeb s contract

LAST ATTEMPT. In his last effort to save the firm, Roberto Ongpin sells entire stake in PhilWeb. Photo by Chrisee Dela Paz/Rappler

PhilWeb to close e-Games outlets despite Ongpin resignation

Aug 09, 2016 - 7:37 PM

UPDATED PhilWeb seeks a 10 day trading suspension after PAGCOR junked its appeal to renew its license which is set to expire on Wednesday August 10

POOR INVESTOR SENTIMENT. A day after PAGCOR said it won't renew its contract, PhilWeb shares plunged to their lowest level on the local bourse.

Hontiveros hits Duterte: You can't end oligarchy by honoring Marcos

Aug 09, 2016 - 2:18 PM

President Duterte cannot end the run of oligarchs in the country by honoring the very man who created a crony oligarchy during Martial Law says neophyte senator Risa Hontiveros

CONTRADICTION. Senator Risa Hontiveros hits President Rodrigo Duterte for his contradiction, saying he cannot end oligarchy by honoring its creator, former president Ferdinand Marcos.

PhilWeb reveals 'main reason' behind Ongpin resignation

Aug 07, 2016 - 10:25 PM

Roberto Ongpin tells the local bourse he resigned to focus on Alphaland real estate projects but PhilWeb president Dennis Valdes says it s more than that

POOR INVESTOR SENTIMENT. A day after Duterte tagged Ongpin as one of the oligarchs he want to destroy, shares of PhilWeb plunged to its lowest level on the local bourse

Roberto Ongpin resigns as PhilWeb chairman

Aug 04, 2016 - 4:55 PM

UPDATED His resignation comes on the heels of President Rodrigo Duterte s pronouncements to do away with oligarchs like Ongpin

TYCOON. President Rodrigo Duterte says he wants to 'destroy oligarchs' and names tycoon Roberto Ongpin as one of them. Photo by Mark Cristino/Rappler

Duterte on Ongpin, war on drugs, Pacquiao | 12PM wRap

Aug 04, 2016 - 11:59 AM

Watch Rappler s 12PM newscast with Maria Ressa

Duterte tags Roberto Ongpin as 'oligarch' he wants to destroy

Aug 03, 2016 - 9:50 PM

President Rodrigo Duterte implies tycoon Roberto Ongpin used his influence as a Marcos crony for his businesses

TYCOON. President Duterte says he wants to 'destroy oligarchs' and names tycoon Roberto Ongpin as one of them. Photo from Senate website

CA stops SEC order on Ongpin's insider trading case

Aug 02, 2016 - 1:40 PM

In issuing the TRO the Court of Appeals says the complex issues and circumstances surrounding the case present an urgent and paramount necessity to prevent serious damage on businessman Roberto Ongpin

CONTROVERSIAL. Businessman Roberto "Bobby" Ongpin is being accused of insider trading of Philex Mining shares in 2009. Photo by Agence France-Presse

Ongpin vows to appeal SEC ruling, slams 'cruel' penalties

Jul 24, 2016 - 11:55 PM

I thought that the persecution under the Aquino administration had ended but apparently the remaining minions of the past administration are still determined to get me says Roberto Ongpin

CONTROVERSIAL. Businessman Roberto "Bobby" Ongpin is being accused of insider trading of Philex Mining shares in 2009. Photo by Agence France-Presse

Ongpin barred from listed firms, fined P174M for insider trading

Jul 22, 2016 - 7:27 PM

The Securities and Exchange Commission also orders Roberto Ongpin to resign from all listed companies he is holding positions – which include PhilWeb and Atok Big Wedge

CONTROVERSIAL. Businessman Roberto "Bobby" Ongpin is being accused of insider trading of Philex Mining shares in 2009. Photo by Agence France-Presse

Ongpin's PhilWeb seeks 3-day trading suspension

Jul 04, 2016 - 5:56 PM

Share price of PhilWeb on Friday July 1 fell by as much as 22 13 on reports that President Rodrigo Duterte wants to stop online gambling

IN DANGER. The steep decline in PhilWeb's stock price would affect the company's plan to raise P6 billion through treasury shares sale. Photo by Aya Lowe/Rappler

Ongpin's PhilWeb to raise P6B for aggressive expansion

Jun 01, 2016 - 7:00 PM

Meanwhile Ongpin s property unit Alphaland says it is in talks with 3 foreign investors

7-11 OF GAMING. PhilWeb does not see Resorts World and Solaire as a threat. Photo by Aya Lowe/Rappler

Kim Henares: Binay ally evaded taxes

Mar 12, 2015 - 2:55 PM

BIR chief Kim Henares says Alphaland president Mario Oreta should have paid income tax for the 5 he supposedly got from the BSP Alphaland deal

TAX EVASION? BIR Commissioner Kim Henares says Alphaland President Mario Oreta may be liable for tax evasion. Photo by Mark Cristino/Rappler

MILF returns weapons, Binay allies, Tubbataha damage | The wRap

Feb 18, 2015 - 8:03 PM

MILF returns 16 firearms seized from the SAF Senators say the Vice President’s allies may be liable for money laundering The United States pays the Philippines for Tubbataha reef damages

Alphaland, Bobby Ongpin sue Ernesto Mercado

Jan 27, 2015 - 5:39 PM

Alphaland says it is determined to ensure that Mercado will suffer the strongest penalties provided by law for making malicious and baseless accusations

SUED. Alphaland and its Chairman Bobby Ongpin sue former Makati vice mayor Ernesto Mercado (in photo) after it accused the company of giving Vice President Jejomar Binay kickbacks from a land deal. Photo by Mark Cristino/Rappler Mark Cristino

Ongpin: PSE order to delist Alphaland ‘not final’

Sep 10, 2014 - 11:19 AM

The businessman says they will appeal PSE’s decision before regulators and the courts

Photo taken during the annual stockholders' meeting of Alphaland Corporation. Third from L: Alphaland CEO Roberto Ongpin

PSE delists Alphaland

Sep 08, 2014 - 6:18 PM

The company is barred from applying for relisting within 5 years Three of its officials are also disqualified from becoming directors and or executive officers in any company applying for listing

Photo taken during the annual stockholders' meeting of Alphaland Corporation. Third from L: Alphaland CEO Roberto Ongpin

Does Juan Ponce Enrile have a vote in the bag?

Jun 23, 2014 - 1:06 PM

Will the Sandiganbayan Third Division decide on the plunder case of Senator Enrile the same way it did on the graft charges against controversial businessman Roberto Ongpin?

Gerry Geronimo

Ongpin-led Alphaland to sell 4 prime properties

Jun 06, 2014 - 6:10 PM

The Ongpin led company settles its dispute with UK based Ashmore Group after a bitter boardroom battle

 LETTING GO. Ongpin-led Alphaland ends its legal dispute with UK-based Ashmore group by selling four of its prime properties.

2 Sandigan justices question dismissal of charges vs Ongpin

May 30, 2014 - 10:21 AM

Anti graft court Associate Justice Herrera argues that the dismissal of the cases constitutes an unwarranted turnaround and a premature appreciation of evidence

Sandiganbayan junks graft raps vs Ongpin, ex-DBP officers

May 28, 2014 - 4:06 PM

Ongpin was accused of forging behest loan deals with former DBP officials and executives in 2009

DOJ to probe Ongpin over alleged detention of ex-employee

May 27, 2014 - 3:19 PM

The DOJ orders tycoon Bobby Ongpin to appear before the department on June 9 at 2 pm for the preliminary investigation of the serious illegal detention complaint lodged against him

Bobby Ongpin sued for serious illegal detention

May 22, 2014 - 7:08 PM

Eduveges Batalan alleges that he was illegally detained by Bobby Ongpin at the exclusive Balesin Island Resort

Alphaland sells stake in Shangri-La hotel for P1.7B

Apr 30, 2014 - 6:39 PM

A company source says the Kuok Group made a very attractive offer for its stake

IN BATTLE. Ongpin-led Alphaland is in a legal dispute with UK-based Ashmore group over an alleged simulated sale of shares of the company

Ramon Ang resigns from boards of Ongpin's Alphaland, Philweb

Mar 12, 2014 - 7:44 PM

Ang quits the boards of the companies as the stock exchange initiated delisting procedures against Alphaland

RESIGNED. Businessman Ramon Ang quits the boards of Ongpin-led companies, citing 'time constraint.' Photo by AFP

PSE to delist Alphaland for violations of disclosure rules

Mar 12, 2014 - 7:07 PM

The exchange says the Roberto Ongpin led company repeatedly failed to submit full accurate and timely disclosures of material information

IN BATTLE. Ongpin-led Alphaland is in a legal dispute with UK-based Ashmore group over an alleged simulated sale of shares of the company

Ongpin-led Alphaland to hold rights offer in Feb

Jan 29, 2014 - 3:15 PM

The property company will hold a stock rights offering to small shareholders to protect them from dilution following a recent capital call

BATTLE. Ongpin-led Alphaland is in a legal dispute with UK-based Ashmore group over an alleged simulated sale of shares of the company

Ongpin vs Ashmore: The real deal

Jan 28, 2014 - 2:00 PM

It seems the criminal case is a secondary issue in the Ongpin Ashmore saga The core is money