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Enrique Razon replaces Fernando Zobel as Manila Water's top honcho

ABS-CBN News
Updated as of Jun 04 02:16 PM

Billionaire Enrique Razon Jr was named as Manila Water's director, chairman of the board, president, CEO, and chairman and member of the executive committee following his firm's acquisition of the majority of voting interest in the concessionaire, the company said Monday.  Read more »

Alliance Global lends leased land to Razon in support of mega-vaccination facility

ABS-CBN News
Posted at May 14 10:10 AM

Alliance Global Inc said Friday it has allowed Enrique Razon’s firm to use a parcel of its leased land within the Nayong Pilipino Foundation property as “temporary construction staging area” to show support in the proposed mega-vaccination site. Read more »

Magtatayo ng mega jab facility sa Nayong Pilipino sinagot ang paratang

ABS-CBN News
Posted at May 13 08:49 PM

Giit ni Enrique Razon ng ICTSI, wala siyang planong angkinin ang lupa ng Nayong Pilipino tulad ng pangamba ng ilan.  Read more »

Razon denies plan to use proposed mega vaccination site to expand casino-resort business

ABS-CBN News
Posted at May 13 02:37 PM

Billionaire Enrique Razon on Thursday belied allegations that he will use the planned mega vaccination site in Parañaque City to expand Solaire, his resort and casino business. Read more »

Sotto defends Razon, says port magnate brains behind COVID-19 cash aid

Katrina Domingo, ABS-CBN News
Posted at May 13 01:29 PM

Senate President Vicente Sotto III on Thursday defended port magnate Enrique Razon from critics against the billionaire's plan to build a mega vaccination facility in Parañaque. Read more »

Razon to spend P250M for construction of mega vaccination hub

ABS-CBN News
Updated as of May 13 11:47 AM

Billionaire Enrique Razon on Thursday said his group intends to spend P250 million to build a mega vaccination site in Parañaque that could accommodate up to 10,000 people daily. Read more »

1 percent of 7M: PH firms to get 70,000 Moderna vaccines by June - Razon

ABS-CBN News
Updated as of May 13 11:48 AM

Port magnate Enrique Razon on Thursday said the private sector would receive some 70,000 COVID-19 vaccines from Moderna next month, which account for only 1 percent of the total 7 million vaccines conglomerates have ordered from the pharmaceutical giant. Read more »

Mega COVID-19 vaccination site in Nayong Pilipino pushing through, says Nograles

ABS-CBN News
Updated as of May 13 06:08 PM

The proposed mega vaccination facility within the Nayong Pilipino Foundation (NPF) property will push through, with a memorandum of agreement to be signed "very soon," Cabinet Sec. Karlo Nograles said Thursday. Read more »

Mega-vaccination facility to rise in 'empty reclaimed land', not a forest: ICTSI's Razon

ABS-CBN News
Posted at May 12 10:57 AM

The site of the proposed mega-vaccination facility within the Nayong Pilipino Foundation (NPF) property is reclaimed land and not an urban jungle, port magnate Enrique Razon said. Read more »

'Free land on basis of YouTube video': Nayong Pilipino ex-chief says follow the law on mega jab facility

ABS-CBN News
Updated as of May 13 11:30 AM

The Nayong Pilipino Foundation is not opposed to building a mega COVID-19 vaccination facility on the park's property, its former executive director said Tuesday. Read more »

Bloomberry Resorts posts net loss of P780.8M in Q1; fortifies protocols ahead of restart

ABS-CBN News
Posted at May 10 11:05 AM

Bloomberry Resorts Corp said Monday it posted a net loss of P780.8 million in the first quarter of 2020, a reversal from P1.4 billion net profit in the same period last year but an improvement compared to Q4.   Read more »

Gov't, private sector sign deal to acquire 20 million doses of Moderna COVID-19 vaccine

ABS-CBN News
Updated as of Mar 19 02:44 PM

The Philippine government and the private sector led by port magnate Enrique Razon on Thursday signed a deal to purchase some 20 million doses of the coronavirus vaccine by US firm Moderna, National Task Force Against COVID-19 chief implementer Sec. Carlito Galvez said.  Read more »

Savings from CREATE tax cuts to be re-invested back to the economy: business leaders

Warren de Guzman, ABS-CBN News
Posted at Feb 17 10:59 PM

The country's top businessmen said the passage of a bill that will cut corporate taxes from 30 percent to 25 percent will attract not just foreign investors, but also re-investments from big local firms. Read more »

Enrique Razon acquires more shares in Manila Water

ABS-CBN News
Posted at Feb 16 11:09 AM

Ayala Corp said Tuesday Philwater Holdings Company Inc sold its preferred shares in Manila Water Company Inc to Trident Water Company Holdings Inc through a share purchase agreement.  Read more »

Billionaire Enrique Razon to provide COVID-19 vaccines for Olympians

ABS-CBN News
Posted at Feb 09 04:40 PM

Business tycoon Enrique Razon will provide the country's Olympic-bound athletes and coaches with the COVID-19 vaccine.   Read more »

'Bazooka, not a pistol': PH billionaires say more govt stimulus needed to revive economy

Warren de Guzman, ABS-CBN News
Updated as of Nov 23 03:25 PM

Philippine billionaires on Monday said more government stimulus is needed to revive the pandemic-battered economy, which slipped deeper into recession following an 11.5 percent contraction in the third quarter. Read more »

Billionaire Razon's ICTSI net income down 1 pct in Jan-Sept as pandemic slows global trade

ABS-CBN News
Posted at Nov 04 02:50 PM

Port operator International Container Terminal Services Inc (ICTSI) said its net income was down 1 percent in the first 9 months of the year due to the impact of the COVID-19 pandemic on global shipping.    Read more »

SC declares provisions allowing MORE takeover of PECO assets valid

Mike Navallo, ABS-CBN News
Updated as of Sep 16 02:04 PM

In a closely-contested vote, the Supreme Court ruled Tuesday in favor of MORE Electric and Power Corp. against rival Panay Electric Company (PECO) in declaring the takeover provisions of its franchise valid, said SC spokesperson Brian Keith Hosaka. Read more »

Antitrust body 'clears' Razon's acquisition of a controlling stake in Manila Water

ABS-CBN News
Posted at Aug 25 03:18 PM

The Philippine Competition Commission said Tuesday it "cleared" the proposed acquisition of a controlling stake in Manila Water by billionaire Enrique Razon's Trident Water Holdings Inc citing it was "unlikely" to result in lessening of competition.   Read more »

ICTSI net income falls 12 percent as pandemic slows trade

ABS-CBN News
Posted at Aug 06 04:13 PM

The port operator said the decline was due to lower operating income, an increase in interest on concession rights payable and COVID-19 related expenses.  Read more »