razon - updates

Rappler's latest stories on razon

ARTICLE FINDER

Razon getting 50% of Leviste's Solar PH Tarlac for P1.5 billion

Jun 22, 2020 - 7:10 PM

The deal also includes projects that will generate up to 800 megawatts for the Luzon and Visayas grids


Razon's of Guagua reopens PH branches for delivery, takeout

May 26, 2020 - 5:42 PM

Hello Razon's halo-halo, pancit luglug, sizzling sisig, bulalo, and more! Check out the list of reopened branches here.

Razon's ICTSI, Solaire start coronavirus mass testing for employees

Apr 27, 2020 - 3:15 PM

'Our employees are our number one asset. As we try to overcome this most difficult phase and [go] into the new normal, we do so without letting our guard down,' says tycoon Enrique Razon Jr

Manila port operations back to normal, says Razon's ICTSI

Apr 20, 2020 - 5:20 PM

ICTSI executive vice president Christian Gonzalez says exemptions for cargo and penalties for overstayers helped decongest the Manila port

PECO not standing down despite Razon's takeover of facilities for IloIlo electric

Mar 07, 2020 - 3:59 PM

Panay Electric is now without a franchise or permit, but it is keeping its standoff with the Enrique Razon-owned MORE for Iloilo's electricity – anchoring all its hopes on the Supreme Court

Enrique Razon wants more Manila Water shares

Feb 07, 2020 - 2:40 PM

Enrique Razon's Prime Metroline Holdings intends to make a mandatory tender offer for the shares of Manila Water at an offer price of P13 per share

Manila Water employees jittery over Razon’s entry

Feb 06, 2020 - 8:27 PM

(UPDATED) Manila Water's employees want to hear big news direct from management rather than the media

Enrique Razon gets 51% voting interest in Manila Water

Feb 06, 2020 - 4:55 PM

The Ayalas get to keep most of Manila Water's assets, but Enrique Razon's Trident Water will be running the show

Razon's buy-in of Manila Water won't stop contract review - DOJ

Feb 05, 2020 - 5:44 PM

Discussions with water concessionaires will start in March, says Justice Secretary Menardo Guevarra

BUY-IN. Enrique Razon buys 25% share of Manila Water amid an ongoing contract review of water concessionaires. File photo by Chrisee Dela Paz/Rappler

Enrique Razon gets 25% stake in Ayala's Manila Water

Feb 03, 2020 - 9:25 AM

Enrique Razon Jr brings in P10.7 billion in fresh funds for Manila Water. The Ayala group remains a shareholder with a 38.6% stake.

COA rejects ex-PNP chief Razon's motion in procurement case

Jan 19, 2020 - 7:25 PM

The Commission on Audit says former Philippine National Police chief Avelino Razon Jr's participation in the transactions in 2007 was 'not ministerial'

Expropriation case over Iloilo power remains with local court – Supreme Court

Jan 14, 2020 - 5:04 PM

The SC resolution is a point in favor of the Enrique Razon-owned MORE, whose franchise is being challenged by longtime-provider Panay Electric Company

Power play for Iloilo electricity reaches Supreme Court

Sep 25, 2019 - 4:51 PM

The Enrique Razon-owned MORE is granted a franchise by President Duterte, but the bypassed Panay Electric Company (PECO) is fighting for its assets

TIMELINE: GSIS, Enrique Razon's dispute over port property

Jul 04, 2019 - 4:15 PM

GSIS president Jesus Clint Aranas quits his post amid revived plans to sell the land where port tycoon Enrique Razon's ICTSI operates. Here is a timeline of events dating all the way back to the 1970s.

RCBC exec denies Enrique Razon in talks for Hanjin takeover

Jun 25, 2019 - 10:05 PM

'I never met [Enrique Razon] so I don't know what he's talking about,' says an executive of RCBC

Clutch rookie Jielo Razon earns Frankie Lim's approval

Aug 14, 2018 - 10:45 PM

The sweet-shooting rookie dashes JRU's hopes for a maiden win after 6 straight losses

RISING STAR. Jielo Razon comes off the bench to finishe with 18 points, 6 boards and 5 assists. Photo by Joaquin Flores/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

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

COA affirms ruling vs anomalous PNP armored car deals under Razon

Aug 13, 2017 - 7:55 PM

The Commission on Audit says it will now refer the case to the Office of the Ombudsman

File photo

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

Rosales murders: What motives police are looking into

Nov 01, 2016 - 8:05 PM

The police have ruled out connection to illegal drugs and robbery as motives in the murders of siblings Lauren and JR Rosales 3 months apart

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

Kim Wong: No stranger to controversy, Senate probes

Apr 21, 2016 - 4:00 PM

In 2001 Kim Wong was summoned to Senate hearings that parallel investigations 15 years later

KIM WONG. Appearing before the Senate, Kim Wong denies any links to money laundering operations. Photo by Alecs Ongcal/Rappler

Ex-PNP chief Razon, 13 others allowed to post bail

Mar 10, 2016 - 6:02 PM

The retired general and his co defendants in a malversation case have been in jail for almost 3 years

DENIED. Former Philippine National Police chief Avelino "Sonny" Razon will remain in detention after the Sandiganbayan denied his bail petition. File photo by Ben Nabong

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

Mar 03, 2016 - 7:05 PM

Watch Rappler’s 6PM newscast with Chay Hofileña