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Jailed HK tycoon Jimmy Lai sentenced to 14 months for Oct. 1 illegal assembly

Jessie Pang and James Pomfret, Reuters
Posted at May 28 01:16 PM

Jailed Hong Kong media tycoon and Beijing critic Jimmy Lai was given a new prison sentence of 14 months on Friday over his role in an unauthorized assembly on Oct. 1, 2019, during one of the city's pro-democracy rallies that year. Read more »

Jimmy Lai among five Hong Kong democracy activists jailed

Agence France-Presse
Posted at Apr 16 05:51 PM

Hong Kong media tycoon Jimmy Lai was jailed for 12 months on Friday along with four other veteran democracy activists for helping to lead one of the city's biggest-ever protests. Read more »

Pro-democracy media tycoon freed on bail amid Hong Kong crackdown

Daniel Suen and Xinqi Su, Agence France-Presse
Posted at Aug 12 05:27 AM

Hong Kong pro-democracy media mogul Jimmy Lai walked free on bail Wednesday, over 40 hours after he and other critics of China were rounded up by police as part of a widening crackdown on dissent. 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 »

Crude crash brings down Singapore oil tycoon

Martin Abbugao, Agence France-Presse
Posted at May 01 02:56 PM

Singapore tycoon O.K. Lim built up his oil empire from a single-truck outfit through hard work and high-risk gambles, a rags-to-riches tale that made him a legend among crude traders. Read more »

Vietnamese tycoon donates 750,000 face masks, 16,500 PPEs for DFA frontliners

ABS-CBN News
Posted at Apr 29 06:17 PM

A Vietnamese tycoon donated thousands of facemasks and personal protective equipment to the Philippines to aid the country's fight against the fast-spreading COVID-19, the Department of Foreign Affairs said Wednesday. Read more »

Filinvest group donating P100-M worth of COVID-19 kits, waives rent for mall tenants

ABS-CBN News
Posted at Mar 19 07:23 PM

The Filinvest group on Thursday said it is donating P100 million worth of COVID-19 test kits and personal protective equipment to the Research Institute for Tropical Medicine for medical workers and other frontliners.  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 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 »

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 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 »

Politicians, businessmen mourn Gokongwei's death

ABS-CBN News
Updated as of Nov 10 12:57 PM

Politicians and businessmen alike mourned Sunday the passing of billionaire John Gokongwei Jr., who died peacefully Saturday at age 93. Read more »

Secrets to success of John Gokongwei, who brought air travel, bottled tea to the masses

Joel Guinto, ABS-CBN News
Updated as of Nov 10 06:49 AM

Gokongwei built a massive business empire that includes stakes in air transportation, food and beverage, retail, real estate and banking among others. Read more »

Stay 'humble, hungry': Henry Sy's grandson shares business advice from family

Jessica Fenol, ABS-CBN News
Updated as of Aug 16 03:27 PM

In the family-run conglomerate, "there is never pwede na (good enough)," and the Sys are encouraged to innovate to grow their shopping mall, banking and retail empire, said Hans Sy Jr. Read more »

VIDEO Part 2: The real legacy of Henry Sy

ANCX
Posted at Jan 25 12:19 PM

Henry Sy, passed away at the age of 93, barely a month into the new year, right after SM celebrated an important milestone: 60 years of being the top shopping destination in the Philippines. In 1983, Tatang as he is fondly called, established the SM Foundation. Sy’s six children now run his business empire and will continue his legacy of philanthropy. Read more »

VIDEO Part 1: From G.I.s to SM—the success story of Henry Sy, Part 1

ANCX
Updated as of Jan 25 03:21 PM

Henry Sy Sr, the Philippines’ richest man was laid to rest today. He leaves a fortune of an estimated $ 19 B. His imprint on the Filipino culture and psyche lives on in millions of mall goers.  SM Investment Corporation’s 72 malls (as of last count) began from a shoe store in Quiapo. Read more »