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Charges dropped against Red Bull heir over Thai cop's death

Agence France-Presse
Posted at Jul 24 02:39 PM

Charges against the heir to the Red Bull billions, accused of killing a Thai police officer when he crashed his Ferrari in a 2012 hit-and-run, have been dropped, officials said Friday, without explanation.   Read more »

Inside the mind of Filipino-Aussie Melanie Perkins, Australia’s youngest billionaire

ANCX
Posted at Jun 27 11:56 AM

At only 32, the CANVA founder and CEO is the youngest billionaire in the Land Down Under. There is a lot of wisdom to be gleaned from the millennial’s techno-preneurial journey. BY JACS T. SAMPAYAN Read more »

Tycoon and kingmaker Danding Cojuangco dies

ABS-CBN News
Updated as of Jun 17 05:33 PM

Tycoon Eduardo "Danding" Cojuangco, whose influence in business and politics spanned decades, has died. He was 85. Read more »

Japan's Sumitomo joins Pangilinan-Ayala consortium for LRT-1

ABS-CBN News
Updated as of May 29 10:20 AM

Japan's Sumitomo Corp is joining the Pangilinan-Ayala consortium that operates the Philippine capital's oldest elevated rail, LRT-1, as a strategic stakeholder, one of the Filipino partners said Friday. Read more »

Macau gambling king Stanley Ho dies aged 98

Reuters
Posted at May 26 03:05 PM

Macau gambling king Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia's richest men, died on Tuesday at the age of 98, state broadcaster China Central Television (CCTV) reported. Read more »

Gokongwei group reviews businesses, eyes new normal after pandemic disruption

ABS-CBN News
Updated as of May 14 08:53 AM

MANILA -- The Gokongwei group is reviewing its business models to follow consumers in the "new normal" as pandemic disruptions hit its airline and retail arms, CEO Lance Gokongwei said Thursday. Read more »

Pangilinan thanks Duterte for 'sincerity, kindness' after apology

ABS-CBN News
Updated as of May 05 12:04 PM

Tycoons Manuel Pangilinan, Jaime Augusto Zobel de Ayala and Fernando Zobel de Ayala on Tuesday thanked President Rodrigo Duterte, after the chief executive apologized to them over "hurting words." Read more »

Billionaire Elon Musk calls lockdowns 'fascist' as Tesla profit surges

Akanksha Rana and Tina Bellon, Reuters
Posted at Apr 30 08:13 AM

Tesla Inc's outspoken CEO Elon Musk on Wednesday called sweeping US stay-at-home restrictions to curtail the coronavirus outbreak "fascist" as the electric carmaker posted its third quarterly profit in a row. Read more »

Kanye West now officially a billionaire: Forbes

Agence France-Presse
Posted at Apr 25 12:00 PM

Rapper Kanye West is now a billionaire thanks largely to the basketball shoes bearing his name that he developed with Adidas, Forbes magazine said Friday. Read more »

Globalization as we know it is 'over' due to COVID-19, says billionaire Razon

Cathy Yang and Joel Guinto, ABS-CBN News
Updated as of Apr 22 02:33 PM

Globalization as we know it is "over" because of the coronavirus pandemic, billionaire port magnate Enrique Razon said Wednesday, as lockdowns and travel restrictions put businesses on pause. Read more »

Billionaire Razon says Philippines should allow some businesses to reopen

Cathy Yang and Joel Guinto, ABS-CBN News
Updated as of Apr 22 02:32 PM

Billionaire Enrique Razon said Wednesday businesses that can test their employees for COVID-19 and bring them to work should be allowed to reopen, as the government weighs the "tough choice" between saving lives and keeping the economy from dying. Read more »

Pangilinan's Metro Pacific recasts investment plan with Maynilad under fire

ABS-CBN News
Posted at Feb 26 03:29 PM

"Discretionary spending" on top of its infrastructure commitments will divert to warehousing, real estate and tourism. Maynilad will also be unable to pay dividends, Pangilinan said. The company is "committed" to current projects, he said. Read more »

Billionaire Bezos buys estate for $165 million: report

Agence France-Presse
Posted at Feb 13 02:28 PM

Amazon chief Jeff Bezos bought the Warner Estate from media mogul David Geffen, according to the Journal. Read more »

Billionaire Razon buys 25 percent of Ayala's Manila Water

ABS-CBN News
Updated as of Feb 03 10:12 AM

Ayala Corp said it would retain a 38.6-percent stake in Manila Water, which supplies water to the Philippine capital's east zone. Razon-led Prime Metroline Holdings will form a company, Trident Water, for the transaction. Read more »

Japanese billionaire Maezawa pulls out of dating show that promised the moon

Sam Nussey, Reuters
Posted at Jan 30 12:40 PM

TOKYO - Japanese fashion billionaire Yusaku Maezawa has pulled out of a documentary search for a girlfriend to take on his voyage around the moon with Elon Musk's SpaceX, citing his "mixed feelings" about participating.   Read more »

Who Is Yusaku Maezawa, the Japanese billionaire seeking a 'special woman' for space — and life?

Elizabeth Paton, The New York Times
Posted at Jan 15 08:55 AM

Fashion billionaire Yusaku Maezawa recently posted an online advertisement for a wing woman to accompany him on the first SpaceX flight around the moon — and through life. Read more »

8 things na maaaring hindi mo alam tungkol kay John Gokongwei

ABS-CBN News
Updated as of Nov 15 09:06 PM

Pumanaw na ang tycoon na na si John Gokongwei Jr.  Read more »

Gokongwei a 'common man' who flew economy, kept nuts in pocket, son Lance says

ABS-CBN News
Posted at Nov 15 01:06 PM

The late industrialist John Gokongwei always flew economy, until he got too big for budget airline seats, said his only son, Lance Gokongwei. Read more »

Gokongwei daughter, in playful eulogy, says dad taunted her kidnappers

ABS-CBN News
Posted at Nov 12 12:53 PM

The late tycoon John Gokongwei's eldest daughter recalled how her kidnappers complained that he was willing to give her away because he has 6 other children, one of many stories in a eulogy for her "mentor-father." Read more »

Duterte visits John Gokongwei, Bong Tan wakes

ABS-CBN News
Posted at Nov 12 09:24 AM

The President stopped by Gokongwei's wake at the Heritage Park in Taguig City at 11 p.m. then moved to the wake of Lucio "Bong" Tan Jr. at around 12:30 a.m., said Go, the President's former special assistant who provided photos of the visit. Read more »