george ty - updates

Rappler's latest stories on george ty


How persistence got Metrobank its own banking license

Mar 11, 2019 - 10:57 AM

George Ty waited years just for the opportunity to set up Metrobank. Learn more about his story of determination

Who will be the next Chief Justice? | Evening wRap

Nov 23, 2018 - 10:20 PM

Watch Rappler's evening wRap with Gelo Gonzales

Metrobank founder George Ty dies

Nov 23, 2018 - 5:55 PM

(UPDATED) 'It is with deep sadness that we announce the peaceful passing of our beloved Founder and Group Chairman. He was surrounded by family and loved ones at the time,' Metrobank announces in a statement

HUGE CAPEX. George Ty's GT Capital Holdings Incorporated is spending as much as P111.9 billion in 2018 alone. File photo by Alecs Ongcal/Rappler

GT Capital spending over P100 billion in 2018

Apr 01, 2018 - 10:00 PM

The listed holding firm of tycoon George Ty plans to go big this year with its banking unit's expansion plans

HUGE CAPEX. George Ty's GT Capital Holdings Incorporated is spending as much as P111.9 billion this 2018 alone. Photo by Alecs Ongcal/Rappler

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

BSP slaps sanctions on Metrobank for P1.75-B internal fraud case

Nov 28, 2017 - 12:43 PM

The sanctions range from reprimanding and suspending bank officials guilty of lack of oversight, to requiring Metrobank to set aside P4.45 billion to cover for higher operational risk and being subjected to periodic review

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

GT Capital ventures into microfinance

Aug 09, 2017 - 5:40 PM

The holding firm of George Ty is set to acquire 4 million shares of Sumisho Motor Finance Corporation

TAPS NICHE. George Ty's GT Capital says the acquisition deal will give the group an opportunity to tap the low to middle income sector of the Philippine market – the primary clientele of Sumisho Motor Finance. Photo by Alecs Ongcal/Rappler

'Conspirators' in Metrobank internal fraud claim innocence

Aug 03, 2017 - 2:25 PM

Hubert Co and Sue Sai claim they were duped by the key suspect Metrobank executive Maria Victoria Lopez

CONSPIRATORS? Hubert Co and Sue Sai say they are victims of fraud as well. Image from

NBI nabs suspect in Metrobank P900-M fraud case

Jul 21, 2017 - 3:42 PM

UPDATED The National Bureau of Investigation says the suspect bank officer Maria Victoria Lopez has refused to cooperate in the investigation

BANK FRAUD. Bank officer Maria Victoria Lopez uses a scarf to hide her face at an NBI news briefing on the Metrobank internal fraud case on July 21 2017. Photo by Inoue Jaena/Rappler

Federal Land, 2 Japanese firms to build P20-B complex in BGC

Jul 10, 2017 - 3:00 PM

Set to be completed in 2025 the retail and residential complex will form part of Federal Land s 10 hectare Grand Central Park in Bonifacio Global City

VENTURE. Federal Land ties up with Nomura Real Estate Development Company Limited and Isetan Mitsukoshi Holdings Limited for the development of the Sunshine Fort Landmark project. 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

George Ty and MVP transaction is best deal of 2016 – IHAP

Mar 19, 2017 - 10:00 AM

The deal that brought together two of the biggest conglomerates in the country is recognized as the most innovative and complex

BEST DEAL. George Ty's GT Capital Holdings acquired 15% of Manuel V. Pangilinan's Metro Pacific Investment Corporation in 2016.

Asia's Emerging Dragon to bid for NAIA PPP

Oct 03, 2016 - 9:05 PM

The corporation formed back in 1993 by several taipans again expresses interest in redeveloping the Ninoy Aquino International Airport

A passenger arrives at the Ninoy Aquino International Airport in Manila on October 18, 2013.The Philippines' main Manila airport terminal has been named the world's worst for the second year in a row in a survey by an online travel website. AFP PHOTO/ NOEL CELIS / AFP PHOTO / NOEL CELIS

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

GT Capital plans to raise P12B to pay bank loans

Jul 06, 2016 - 12:15 PM

Some P2 9 billion of the expected proceeds will also be used for interest payments capital expenditures capital calls and new investments

PAY OBLIGATIONS. In May, MPIC formed a strategic alliance with GT Capital by swapping shares and acquiring a majority stake of the latter’s power generation unit

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

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

Jollibee, GT Capital in 'Forbes Fab 50 Companies’ list

Jul 23, 2015 - 6:18 PM

For the second time Jollibee Foods Corporation joins the lineup of high performing entrepreneurial blue chips the region’s best of the best the business magazine says

Ayala, Ty real estate firms to develop P2.5B Laguna property

May 12, 2015 - 1:53 PM

Alveo Land and Federal Land will develop a 45 hectare property in Laguna which involves the sale of residential lots to the middle to high end market

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

Ty’s conglomerate eyes transportation, infrastructure

Nov 14, 2014 - 12:20 PM

George Ty’s GT Capital Holdings Inc is looking into LRT2 and the Laguna Lakeshore expressway project

8 foreign, local firms eye Laguna expressway-dike project

Aug 12, 2014 - 11:23 AM

Interested bidders have until October 16 this year to submit the pre qualification requirements for the largest PPP project of the Aquino administration

THE BIGGEST PPP PROJECT TO DATE. The P123-billion Laguna Lakeshore expressway dike project is the biggest to date of the Aquino administration.

GT Capital interested in Laguna road, dike project

Aug 10, 2014 - 2:38 PM

Ayala Corp and Metro Pacific Investments Corp have earlier expressed interest in the PPP project

10 Filipinos among world's billionaires

Mar 04, 2014 - 8:24 AM

With a combined net worth of 40 1 billion 10 Filipino businessmen make it to Forbes Magazine s elite list of the richest in the world

Ty group putting up another coal plant in Iloilo

Jan 30, 2014 - 5:07 PM

The plant will serve the power requirements of ongoing developments in the province

Ty-led GT Capital 'interested' in Pasay reclamation project

Nov 18, 2013 - 10:56 AM

GT Capital adds it is now seeking partnerships with other companies eyeing the project SM Land and Ayala Land

Meralco acquires stake in Ty-led Global Power

Oct 23, 2013 - 6:23 PM

Tycoon George Ty sells 20 of his group s stake in Global Business Power Corporation to MGen a unit of power distributor Meralco

DEAL. Meralco and Global Power have sealed their power deal. File photo by AFP

Compare: BIR's top taxpayers vs Forbes' richest Filipinos

Oct 23, 2013 - 1:39 PM

Only 25 out of the 40 richest Filipinos in 2012 are among the top 500 individual taxpayers

MVP, Ty groups seal power deal

Oct 08, 2013 - 7:00 PM

The groups of businessman Manuel Pangilinan and tycoon George Ty are joining forces as they beef up their investments in the power sector

DEAL. JG Summit is buying the shares held by the San Miguel group in power distributor Meralco. Photo taken by AFP

BPI, Metrobank to increase ATM fees

Sep 24, 2013 - 1:50 PM

The banks say increase in ATM service charges will cover higher operating costs between ATM owners

Tan, Zobel, Ty firms post higher profits

Aug 14, 2013 - 7:53 AM

Conglomerates owned by 3 of the 50 richest people in the Philippines based on a Forbes list post double digit profit growth rates in January to June 2013

Metrobank H1 earnings soar 145% to P18-B

Aug 01, 2013 - 8:15 PM

First half earnings of George Ty led Metrobank more than doubled

Henry Sy PH's richest 6 years in a row — Forbes

Aug 01, 2013 - 9:24 AM

The collective wealth of the 50 richest people in the Philippines reaches US 65 8 billion more than a quarter of the country s total gross domestic product

Metrobank Q1 income soars 163% to P4.3-B

May 09, 2013 - 12:24 PM

The banking unit of tycoon George Ty saw its net income in the first quarter of 2013 nearly tripled

Meralco seeks partners for Mindanao power venture

Apr 23, 2013 - 8:10 AM

Power giant Manila Electric Co Meralco is currently in exploratory talks with an existing generation company for a possible venture in power starved Mindanao

AYALA AND POWER. Ayala is participating in a power project in Mindanao. Photo by John Javellana.

Metrobank, PSBank to add 30 branches in 2013

Apr 15, 2013 - 6:43 PM

Metrobank the Philippines second largest bank plans to widen its banking operations by opening additional 30 branches in 2013

EXPANSION PLANS. Metrobank plans to open 30 additional branches in 2013. Photo by Rappler/Aya Lowe

Ty group gets P7-B loan for Toledo coal plant

Mar 08, 2013 - 2:27 PM

A consortium of banks grant a P7 billion facility to George Ty led Toledo Power to finance the expansion of its clean coal fired power plant in Toledo City

P7 BILLION LOAN. Toledo Power is looking to finance expansion. AFP Photo

Metrobank 2012 net income jumps 40%

Mar 07, 2013 - 11:45 AM

The bank attributes the healthy financial performance to a 33 jump in non interest income and favorable deposit mix

The BSP announced that business confidence remained positive for the current quarter.

11 Filipinos among world billionaires

Mar 04, 2013 - 10:38 PM

Eleven Filipino billionaires make it to the Forbes 2013 list of world billionaires

George Ty's GT Capital allots record P40-B for 2013 capex

Jan 30, 2013 - 6:17 PM

The company will use bulk of the amount for its power generation and property businesses

RECORD CAPEX. GT Capital allots P40 billion for 2013 expansion. AFP Photo

Meralco, Global Power to build 4 power plants in Mindanao

Jan 29, 2013 - 4:54 PM

The units of power distributor Manila Electric Co Meralco and the Metrobank group of tycoon George Ty are in a joint venture to build 4 coal fired power plants in Mindanao

INFOGRAPHIC: Top power players in the Philippines

Jan 16, 2013 - 4:41 PM

San Miguel leads the biggest privately controlled power producers in the country

George Ty-led GT Capital posts higher profit; to raise P9-B debt

Nov 08, 2012 - 11:22 AM

GT Capital says earnings were boosted by revenues from its power generation unit and one time gains booked by its property development arm

Ty-led Metrobank 9-mo profit up 15% to P10.2-B

Nov 05, 2012 - 2:51 PM

Metrobank the universal bank controlled by tycoon George Ty reported a net income of P10 2 billion for the first 9 months a 15 2 increase from a year ago

Ty-led power unit eyes putting up 200-MW plants in Luzon

Aug 17, 2012 - 1:39 AM

Tycoon George Ty s power company wants to join the biggest power players of the country in Luzon where an energy shortage looms

For 5th year in row, Henry Sy is PH's richest man

Jun 21, 2012 - 11:02 AM

But port operator Enrique Razon Jr is the biggest gainer jumping to 3rd place from 7th last year

Ty-led GT Capital eyes P21.6-B from IPO

Apr 03, 2012 - 4:08 PM

The holding firm of businessman George Ty cites strong demand from international investors in its P455 a share IPO exercise