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Dennis Uy a Duterte crony? Udenna president says 'No'

Jessica Fenol, ABS-CBN News
Posted at Nov 18 06:44 PM

Udenna Corp president Raymundo Escalona became emotional on Thursday as he faced members of the business community and the media. Read more »

Chelsea Logistics posts 'disappointing' net loss in 2020 due to pandemic

ABS-CBN News
Posted at Apr 26 12:01 PM

Chelsea Logistics and Infrastructure Holdings posted a net loss of P3.311 billion in 2020 due to the impact of the COVID-19 and has initiated “painful” cost-cutting measures to stay afloat, it said.  Read more »

Chelsea Logistics says new Japan-built vessel to boost profit despite pandemic impact

ABS-CBN News
Updated as of Apr 16 10:35 AM

Chelsea Logistics and Infrastructure Holdings Corp said Friday its new vessel MV Trans-Asia 21 has completed its sea trial conducted in Fukuoka, Japan which would likely boost revenues despite impact of the COVID-19 pandemic. Read more »

Dennis Uy's Phoenix selling assets to pay debts

ABS-CBN News
Updated as of Mar 25 03:37 PM

Davao-based businessman Dennis Uy’s Phoenix Petroleum is selling some of its assets so that it can pay its debts, the company disclosed to the stock market on Tuesday.  Read more »

SM Investments says to acquire majority stake in 2GO

ABS-CBN News
Posted at Mar 19 11:10 AM

SM Investment Corp said Friday 2GO Group Inc would become a subsidiary following an additional acquisition of the majority of outstanding common stock.  Read more »

Cusi dethrones Villar as richest Cabinet member; restrictions to full SALN disclosure formalized in nearly all branches

Bethina Farin, Dave Abuel, and Che de los Reyes, ABS-CBN Investigative & Research Group
Updated as of Nov 06 11:03 PM

Energy Secretary Alfonso Cusi has dethroned Public Works Secretary Mark Villar as the richest member of the Duterte cabinet in 2019.  Read more »

Udenna Infrastructure bags P10-billion tower, fiber optic deal with third telco DITO

ABS-CBN News
Posted at Oct 07 11:12 AM

Udenna Infrastructure Corp said Wednesday it signed a P10 billion deal for the construction of DITO Telecommunity's cell towers and the roll out of fiber optic cables. Read more »

Chelsea Logistics defers 'most' capex, sees signs of recovery in 2021

ABS-CBN News
Posted at Oct 07 09:31 AM

Chelsea Logistics and Infrastructure Holdings Corp said Wednesday it deferred "most" of its capital expenditures this year to mitigate the impact of the coronavirus pandemic as it expects signs of recovery in 2021 Read more »

DITO picks US firm as cybersecurity solutions provider, says 'fortunate' with China Telecom on board

Jessica Fenol, ABS-CBN News
Posted at Sep 17 03:34 PM

DITO Telecommunity said Thursday it was "fortunate" to have China Telecom as partner for its third telco rollout calling espionage concerns "misplaced" and bringing in a US firm as cybersecurity provider. Read more »

Third telco DITO says no delay in roll-out of services

ABS-CBN News
Posted at Feb 12 04:53 PM

DITO Telecommunity's roll-out of services will not be delayed, a member of the consortium behind the telco said on Wednesday after a newspaper reported that it was having problems building new telco towers. Read more »

Will Dito Telecommunity expose Philippines to unhampered espionage?

Chiara Zambrano, ABS-CBN News
Posted at Sep 17 01:30 AM

MANILA—The third telco seeking to penetrate the Philippine market is a Filipino company. Its new name has been changed to further represent this fact. Read more »

Dennis Uy's Chelsea gets original proponent status for Sasa Port project

ABS-CBN News
Updated as of Aug 23 03:06 PM

Port capacity expansion, flow improvement, and enhancement of port operations and maintenance are among the aims of the project, the company said in a disclosure to the stock exchange. Read more »

Chelsea 'positive' in getting gov't nod for unsolicited proposal to modernize Davao airport

ABS-CBN News
Posted at Jun 26 03:53 PM

Chelsea Logistics and Infrastructure Holdings Corp. on Wednesday said it was optimistic that the government would soon give the "green light" for its unsolicited proposal to modernize the Davao International Airport.  Read more »

Dennis Uy's Chelsea signs ferry deal with Japan's Fukuoka Shipbuilding

ABS-CBN News
Updated as of Jun 25 09:52 AM

The ferry ship has a capacity of 1,085 passengers, 24 buses and 11 trucks and is set to be delivered by June 2021, Dennis Uy's firm told the stock exchange.  Read more »

Mislatel's permit to operate may be released by end of June: NTC

ABS-CBN News
Posted at Jun 06 05:03 PM

MANILA - Third telecommunications provider Mislatel may obtain its permit to operate by the last week of June or the first week of July if all requirements would be completed in the coming weeks, an official said Thursday. Read more »

Mislatel moves start of commercial operations to early 2021

ABS-CBN News
Posted at Mar 15 03:05 PM

The tentative 2021 schedule was estimated "under the consideration" that its CPCN will be awarded by March, Chelsea Logistics, a member of the Mislatel consortium along with Udenna and China Telecom, said in a disclosure to the stock exchange.  Read more »

Mislatel can ‘withstand any scrutiny’ after securing Congress nod: spokesperson

ABS-CBN News
Posted at Feb 08 06:54 PM

Any legal case against mounted against Mislatel will be considered “baseless” after the Congress affirmed the validity of its franchise, its spokesperson said Friday.  Read more »

Dennis Uy's Phoenix to form venture with China National Offshore Oil

ABS-CBN News
Posted at Feb 01 09:40 AM

It will mark the second venture between companies controlled by tycoon Dennis Uy and a state-owned Chinese enterprise. Uy's Udenna Corp and Chelsea Logistics earlier partnered with China Telecom to challenge PLDT Inc and Globe Telecom. Read more »

Antitrust monitor discusses Universal Robina, Chelsea reviews

ABS-CBN News
Posted at Jan 25 04:21 PM

Philippine Competition Commission Chairman Arsenio Balisacan explains its review of transactions involving Universal Robina Corp and Chelsea Logistics. Read more »