News

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 »

Tycoons' deaths signal history's 'greatest wealth transfer,' says analyst

ABS-CBN News
Updated as of Jan 23 04:55 PM

The deaths of tycoons who built their empires from scratch such as Henry Sy and George Ty signal a changing of the guard while highlighting the need for succession planning, an analyst said Wednesday. Read more »

The legacy of Henry Sy: Titan of hard work and compassion

Liza Reyes, ABS-CBN News
Updated as of Jan 21 05:37 PM

His name spelled his future. Born in Jinjiang, Fujian China as Sy Chi Sieng, which meant ‘attainment of ultimate success’.  Read more »

Okada, facing arrest, says accusers destroying his reputation

ABS-CBN News
Posted at Jan 08 12:45 PM

Japanese gaming tycoon Kazuo Okada, who is facing arrest over a $3.1-million fraud case, said Tuesday the charge was meant to destroy his reputation. Read more »

Tycoon George Ty of Metrobank, Toyota PH passes away

ABS-CBN News
Updated as of Nov 24 02:06 AM

Ty chairs GT Capital, which includes the Philippines' second largest lender, Metrobank and the local dealership of Toyota cars. Read more »

Gaming tycoon Kazuo Okada files suit vs Tiger Resort

ABS-CBN News
Posted at Sep 09 07:00 PM

Japanese tycoon Kazuo Okada has filed an intra-corporate suit against Tiger Resorts Leisure and Entertainment Inc., his camp said Sunday. Read more »

A factory worker at 13, Hong Kong's iconic billionaire retires

James Pomfret and Jennifer Hughes, Reuters
Posted at Mar 16 09:26 PM

Li Ka-shing's rise from penniless immigrant in 1940 to billionaire tycoon is the consummate success story in Hong Kong, a city which progressed alongside him from trading outpost to one of the world's biggest financial centers. Read more »

NAIA makeover challenge: 'Super consortium's' plan

Infographic by Karen Louie Magano, ABS-CBN News
Updated as of Mar 06 04:55 PM

A "super consortium" made up of 7 of the country's biggest companies has submitted a proposal to transform the Ninoy Aquino International Airport (NAIA) into a regional transportation hub.  Read more »

SM, Robinsons, Rustan's bosses among PH 'retail icons'

Jessica Fenol, ABS-CBN News
Updated as of Feb 28 09:16 AM

Twelve icons of retail, whose empires defined how Filipinos shop for everything from headache medicine to engagement rings, were honored by an industry group late Tuesday.  Read more »

LOOKBACK: Sycip's thoughts on life, business and faith in the Filipino

ABS-CBN News
Posted at Oct 08 04:38 PM

Tycoon and philanthropist Washington Sycip passed away at the age of 96 on Sunday, leaving behind a monumental legacy in Philippine business. Read more »

Tycoon and philanthropist Washington Sycip passes away

ABS-CBN News
Updated as of Oct 08 12:37 PM

Washington Sycip, one of the Philippines' most enduring tycoons and philanthropists, passed away at the age of 96, sources confirmed Sunday. Read more »

Why Washington Sycip keeps turtles and owls in his office

Michelle Ong, ABS-CBN News
Posted at May 28 12:39 PM

In the office of Washington Sycip, one of the country's most enduring tycoons, decades worth of files jostle for space with unusual inhabitants -- turtles, owls and roosters. Read more »