Gorres. “He said my image is soft, so I should practice before a mirror saying, ‘You son of a b****,’ 100 times,” Uy said in an interview in Manila. GOVERNMENT officials in charge of preventing the spread of the coronavirus disease 2019 (Covid-19) have come out with bizarre ideas. Populist President Rodrigo “Digong” Duterte takes pride in having dismantled the country’s oligarchy without declaring martial law as President Ferdinand Marcos did in 1972. [952108,2575473,2575441,2575277,2575335,2575235,2575197], How Dennis Uy built a business empire in 8 years, Donut chain offers trial franchise package, Fernando replacing JAZA as Ayala CEO in April, Customs seizes P9.5-B smuggled goods this year, Lopez urges Filipinos to patronize MSMEs to support recovery. The P130-million smuggling case stemmed from alleged non-payment or underdeclaration of oil shipments by Phoenix … MANILA -- Rising Philippine tycoon Dennis Uy has moved to buy out the local operations of convenience store chain FamilyMart from its Filipino and Japanese owners. There are millions of households in Metro Manila. Already, there’s scuttlebutt that Uy is about to buy the frequency spectrum of shuttered ABS-CBN Corp. broadcasting network. He is the eldest among siblings. You have successfully joined our subscriber list. I SALUTE Valenzuela City Mayor Rex Gatchalian for doing his job and demonstrating what political will can do. Ltd., wholly-owned unit of Udenna Corporation, on Wednesday announced it has completed its buy-out of Chevron Philippines’ share in the Malampaya Consortium, equivalent to a 45% stake in the gas field in offshore Palawan. France’s Macron tests positive for Covid-19, South Korea marks deadliest day, over 1,000 cases, Japanese man probed over insults tied to Netflix star’s suicide, US angling to secure more of Pfizer’s coronavirus vaccine, Different lockdowns for different folks; how Covid-19 incites surreal responses, A Buddhist foundation inspired by Catholic nuns, Architecture, planning and urban design of Clark Freeport Zone. Copyright © The Manila Times – All Rights Reserved. At 2GO Group, Dennis Uy has 13 colleagues including Frederic DyBuncio (CEO), Francis Chua (Vice Chairman of the Board)… × We use cookies to provide a better service. He is also on the board of Granland Resources Corp. and Aquamines Philippines, Inc. and Director-Davao Chapter at Philippine National Red Cross. It is in the business of distribution and retail of petroleum products and lubricants under the Phoenix brand, and is also engaged in shipping and logistics through its majority-owned subsidiary, Chelsea Logistics and Infrastucture Holdings Corp. And the motorcycle should have a plastic barrier between the driver and the passenger, another loony idea to come out of the heads of these officious bureaucrats. “I’ve been always confident on the Philippines, but it’s different when you know the leadership and you are both from the same place,” Uy said. Udenna said on Nov. 12, 2019 that it acquired the master franchise and all 51 outlets of the American fast … Udenna Corporation (UDENNA) is the parent company of the UDENNA Group of Companies. Davao-based businessman Dennis Uy has earned the trust of the Philippines' richest family, the Sys, who backed him in his foray into shipping and logistics Aug 15, 2017 10:04 AM PHT Chrisee Dela Paz Uy has stakes in at least 50 companies operating in shipping and logistics, hotel and tourism, education, hospitality, food retail, property development and infrastructure. If Duque is incompetent, what do you expect of the officials at the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) who are not health professionals but mostly military men? “If you survived petroleum and shipping, it trains you to be battle-ready,” said Uy, 46. Dennis Uy Acquires Family Mart Philippines | Philippine Primer PH Resorts Group Holdings Inc., the listed hotel and gaming firm of Davao businessman Dennis Uy, will offer follow-on primary shares worth P18.5 billion to the public by the third week of March. Belle is part of the family-controlled empire built by the late Henry Sy. Take note, dear readers: policemen and not health professionals like doctors and nurses. Already, there’s scuttlebutt that Uy is about to buy the frequency spectrum of shuttered ABS-CBN Corp. broadcasting network. By Richmond Mercurio/The Philippine Star - The local operations of Japanese convenience store chain FamilyMart will soon be under the helm of businessman Dennis Uy after his retail fuel business, Phoenix Petroleum Philippines Inc., decided to acquire the convenience store chain’s entire stake from its current owners. ... Dennis Anthony Uy named 2020 Asia CEO Awards Entrepreneur of the Year The Manila Times. Go Negosyo founder Jose Ma. Tag Archives: Dennis Uy. Before founding Phoenix in 2002, the 43-year-old Uy managed the family's businesses, which included a car dealership. Digong may have dismantled the oligarchic empires of the Ayalas, Pangilinan, Consunji and Filipinos with one-syllable surnames, but another one-syllable family name is cropping up: Uy – for Dennis Uy. He was cleared of the smuggling charges and went on to quadruple profit at his Phoenix Petroleum Philippines, Inc. in the five years through the end of 2018. EDITORS' PICK MOST READ. Smart is owned by PLDT, Inc., whose Chairman Manuel Pangilinan has been repeatedly criticized by Duterte as an out-of-touch elite. Dennis Uy’s Malampaya Philippines Pte. 10/22/2020. Dennis Uy (Bloomberg file Photo) Uy went to see the local mayor, a family friend from childhood, for advice. “He doesn’t like when a person is bullied.”. June 30, 2020. These figures were culled from the report made by Uy to the Securities and Exchange Commission in compliance with the disclosure requirements for its backdoor listing through ISM Communications Corp. of Marcos crony Roberto Ongpin to hold Uy’s P72-billion assets. Digong has probably forgotten that Marcos was able to do away with the oligarchs in his time but a new set of oligarchs replaced the old. 2018: Philippine Family Mart CVS Inc.; joint venture with Tipco Asphalt Public Co. Ltd.; Pos!ble net, a digital payment start-up (P72 million); restaurant chain Conti’s Holdings Corp.; H20 Ventures Corp. (Calapan Waterworks Corp.); PXP Energy Corp. (formerly Philex Petroleum Corp.); and Autostrada Motore Inc. (Philippine Ferrari distributor). In a disclosure to the Philippine Stock Exchange (PSE) on Monday, October 30, Phoenix Petroleum said that “a Memorandum of Understanding was signed on October 30, 2017 between […] Billionaire in 3 Minutes Dennis Uy is an example of patience and timing is important to success. Ayala is led by Chairman Jaime Augusto Zobel de Ayala II, a frequent Duterte target. Dennis Uy was born and raised in Davao City to an ethnic Chinese family based in Davao City and is part of the Uys' third generation. Razon, with a net worth of about $4.6 billion, is the country’s richest person after Villar, according to the Bloomberg Billionaire’s Index. The Board Engaged The Audit Firm. But the incompetent Health Secretary Francisco Duque 3rd never thought of mass testing. © 2020 Manila Bulletin The Nation's Leading Newspaper. Dennis Uy, an oil trader from Davao City who counts Duterte as a family friend, has rapidly expanded into industries from shipping to casinos since last year’s election. Dennis Uy is currently Chairman of the Board at 2GO Group. The firm disclosed on Friday, February 15, that it plans to list 1.79 billion common shares with an oversubscription of up to 267.95 million common shares. Che’s party was a milestone for me as it was the first social event I … Uy went to see the local mayor, a family friend from childhood, for advice. It would take the cops, given their limited number, hundreds of years to complete the search. P.O. SyCip. “I am not close to the President,” he said in the interview. Beginnings The 43-year-old Davao-based businessman, started his exposure The mayor was Rodrigo Duterte, the country’s current President. Get the latest news from your inbox for free. Mass testing should have been done in January, the early stages of the pandemic. “Uy’s main challenge now is making these businesses work and turning Udenna into a holding that would last beyond Duterte.”, Uy says his connection to the president isn’t the reason for his success. Davao-based businessman Dennis Uy’s conglomerate Udenna Group is dismissing speculations circulating on social media that it is related to a certain broadcast firm which is allegedly taking over the frequencies left by ABS-CBN Corporation. In a disclosure to the Philippine Stock Exchange… Before Duterte’s rise, the southern province of Davao was better known for its tropical fruit and an endangered species of monkey-eating eagle than for business powerhouses like Uy’s. “Joey” Concepcion 3rd, the presidential adviser for entrepreneurship, has proposed mass testing of millions of Filipinos for Covid-19 to save the economy. Palace spokesman Harry Roque Jr. said Uy was already very rich before Digong became president because his family was engaged in gold mining. newsinfo Here are the companies that Uy has bought or formed during the Duterte administration: 2016: Chelsea Logistics Holdings Corp.; Udenna Investments BV; Davao Gulf Marine Services Inc.; Trans-Asia Shipping Lines; Ocean Star Shipping Corp.; Starsy Shoppe Inc.; Dynamic Cuisine Inc.; Quality Metal & Shipworks Inc.; Chelsea Marine Manpower Resources Inc.; and KGLI-NM Holdings Inc. (majority owner of Negros Navigation or 2Go Shipping Group). Velayo & Company (SGV & Co.), To Perform An Opening Balance Sheet Audit Of The Company And … But in the past few years, Uy, who donated to Duterte’s presidential campaign, has spread far beyond the region, assembling assets that are eating into industries ruled by some of the country’s richest and oldest business dynasties. The service may not be perfect but Angeleños are fortunate to have a Dennis Uy who always has the grit to improve and excel on his ventures and services. IN Germany, the Supreme Court ruled electronic voting as unconstitutional for its lack of transparency. Dennis Uy Dennis Uy has been the making noise in the business community. 2017: Udenna Infrastructure Corp.; Le Penseur Inc.; PH Travel and Holdings Corp.; Udenna Water Integrated Services Inc.; Valueleases Inc.; Clark Global City Corp. (177-hectare Global Logistics City in Clark); Aetos Air Philippines Inc.; Lapu-Lapu Leisure Inc. (casino); Donatela Hotel Panglao Corp.; Starlite Ferries Inc.; Worklink Services Inc.; Phoenix LPG Phil. Who cares about supporting transparency to win. Along the way, he says, he gained the toughness Duterte had been trying to instill in him. In a … Toktok your new online delivery service partner! The comic strip characters were funny but the quarantine officials are not; they’re lunatics. In 2018, Uy’s teamed up with China Telecommunications Corp., to win a telecommunications license to challenge the duopoly of Smart Communications, Inc. and Globe Telecom, Inc. Uy had no previous experience as a carrier, but his company, now called Dito Telecommunity Corp., emerged as the sole bidder. Question: Under The New Management, Led By Businessman Dennis Uy And The Sy Family's SM Investments Corp. Dennis Uy-led Phoenix Petroleum Philippines Incorporated announced a deal to acquire the Philippine unit of convenience store chain FamilyMart from Ayala Land Incorporated and SSI Group Incorporated. YOUNG Davao-based tycoon Dennis Uy, whose wealth has increased exponentially during the administration of President Rodrigo “Digong” Duterte, reportedly owed the Bureau of Customs P130 million in customs taxes and duties during the previous Aquino 3rd administration. According to his own account, Dennis played basketball as a childhood hobby while at the same time sold school supplies and basket… With a casino, Uy will be in competition with Enrique Razon, a third-generation heir of a ports and cargo empire who founded Bloomberry Resorts Corp., developer of the Solaire Resort and Casino in Manila’s Entertainment City suburb. ; Duta Inc. (owner of Petronas LPG); Kaparangan Inc.; Enderun Colleges Inc.; ADF Enderun 1010 Inc.; Lapu-Lapu Land Corp.; Global Gateway Development Corp. (Cayman); and GGDC Holdings Inc. (Cayman). The Soongs, however, will still retain a 30 percent stake in the new company. 3 Philippine gasoline retailer after taking market share from Royal Dutch Shell Plc.’s local unit and Petron by offering round-the-clock service to business clients such as Cebu Air, Inc., part of the Gokongwei group. Uy last May 11 denied that he was interested in acquiring the embattled television network from the Lopez family following the cease and desist order issued by the National Telecommunications Commission against ABS-CBN after is legislative franchise under RA 7966 lapsed last May 4. The Sy group encompasses BDO Unibank, Inc., Uy’s biggest creditor, and has a shipping and logistics venture with him, 2GO Group. All Rights Reserved. Streamtech Systems Technologies, Inc., led by the Philippine’s richest person Manuel Villar, withdrew from the race. It is now the No. The mayor was Rodrigo Duterte, the country’s current President. Dennis Uy will be leading the new company as its chairman. “In petroleum, to get your 1 peso margin, you watch everything from storage to trucking, and it’s common to give credit and deal with currency and oil price fluctuations.”. BOX769. WHILE many individuals and institutions are blowing their horns about helping to alleviate the hunger of the poor in the country, a Taiwanese humanitarian... TODAY, I am glad to share with you our Postcards from the Future for Clark Freeport Zone. Uy built his group on the foundation of Phoenix Petroleum, which he started in 2002, four years after the nation deregulated its oil industry. Founder of Phoenix Petroleum Philippines, Inc., Domingo T. Uy presently is Chairman at Granscor Corp. and Chairman for Phoenix Petroleum Philippines, Inc. Dennis Anthony H. Uy of Pampanga, different from the DAU of Davao, walks into the veranda of The Club Filipino one recent Saturday morning with a … Philippine tycoon Dennis Uy has built an empire spanning oil, shipping, casinos and telecommunications, but eight years ago his oil-trading business was in trouble over government allegations of fuel smuggling. After Duterte encouraged the Chinese wireless giant to join the competition, Norway’s Telenor ASA and Austria’s Mobiltel AG, which had bought documents to participate, didn’t bid. At night the same couples share the same bed and make love, and they’re not allowed to share the same ride on a motorcycle?! Total debt has mushroomed from about ₱14 billion ($275 million) to ₱111.5 billion in the four years ended December 2018, based on the most recent regulatory filing from his Udenna Corp. holding company. This website uses cookies to ensure you get the best experience on our website. Wendy's Co President, International and Chief Development Officer Abigail Pringle and Udenna Chairman and CEO, Dennis Uy pose in front of a Wendy's branch. Udenna Corporation is a holdings company by the Udenna Group of Companies which is based in Davao City, Philippines founded by businessman Dennis Uy.Primarily involved in the petroleum and shipping industry in its initial years of existence, the company later diversified and became involved in other industries such as real estate and telecommunications. “His friendship with Duterte opened opportunities to enter into new business that he grabbed aggressively,” said Rachelle Cruz, an analyst at AP Securities, Inc. in Manila. Dennis belongs to the third generation of the Uy family whose ancestors Ega Uy and wife Tao Sui Eng were migrants from Fujian, China who settled in … Mr. Uy is the Chairman and President of Udenna Corporation, he Founded Phoenix petroleum philippines and is also the President/CEO of Chelsea Shipping Corporation. By continuing to use this website without disabling cookies in your web browser, you are agreeing to our use of cookies. “We look at industries where we can be where we can be in the top 5, or where we have the means to compete or there is room to serve the customer better.”. He only gets to know from what he reads from newspapers.”. 'Family Tree' of The Milky Way Reveals The Fate of The Mysterious Kraken Galaxy. Phoenix is the main revenue generator for Uy’s holding company Udenna (a word play on his name: Dennis Ang Uy), but petroleum is just the tip of iceberg of this fast growing conglomerate. CVC Capital invests P6 B in Fast Group to expand logistics business, Gov’t studying technical option to broaden foreign ownership in RE projects, SMC taps Dutch firm for airport land development, CREBA joins Mayor Gatchalian’s bid to end traffic mess at NLEX, Sun Life expects ‘U-shaped’ economic recovery, SMC targets156 Autosweep RFID stations end December, Good news: Lower electricity prices this holiday season, Lower electricity rates expected in next billing, Revised rules to speed up resolution of IPR cases. Metro Manila (CNN Philippines, January 16) — A former executive of TV network ABS-CBN has been chosen to head businessman Dennis Uy's telecommunications and media unit. “He said my image is soft, so I should practice before a mirror saying, ‘You son of a b****,’ 100 times,” Uy said in an interview in Manila. Question: Does President Digong, a very honest man, know about the new acquisitions of his friend from Davao? Philippine tycoon Dennis Uy has built an empire spanning oil, shipping, casinos and telecommunications, but eight years ago his oil-trading business was … The other telecom operator, Globe, has Ayala Corp. as one of its largest shareholders. I doubt he does because he’s too busy doing his job as head of state. Another witless idea is to disallow even married couples to ride in tandem on a motorcycle because they might infect each other. “You always have to look out for opportunities whether small or big or whether it’s aligned to what you’re doing or not,” Uy said. Uy says Duterte hasn’t played a direct role in his businesses, but the advice worked. With traffic at the North Luzon Expressway... AS always, my interest is in the constitutional theory of impeachment. Digong may have dismantled the oligarchic empires of the Ayalas, Pangilinan, Consunji and Filipinos with one-syllable surnames, but another one-syllable family name is cropping up: Uy – for Dennis Uy. Intramuros, Manila 1002 by JOANNE RAE RAMIREZ I recently marked a milestone even if it was somebody else’s birthday — the exquisite Che Uy’s! Uy and Motostrada will be picking up where the former distributor Wellington Soong and Autostrada Motore left off. Some members of the family went into politics in Mindanao. President Duterte has also been a strong critic of the current telecommunications duopoly. TAGS: Dennis Uy, PH Family Mart, Phoenix Petroleum. The Cayman firms were used for Uy’s P500-billion takeover of the Clark project from Kuwaiti investors. It has often been claimed that impeachment is a political exercise. Dennis Uy, chairman and CEO of Philippines' Phoenix petroleum company, delivers his speech at the Philippine Stock Exchange in the financial district of Makati on July 11, 2017, on the company's tenth anniversary of its listing. Granted, but Uy’s wealth has gone up exponentially during the Duterte administration. Uy also lacked experience in the gambling resort business, but won the first such license offered after Duterte became President, gaining permission to build a $300-million casino complex on a resort island in Cebu. For now, happy celebrations come in a box! Uy’s gambling resort will also put him in competition with the family behind Belle Corp., which owns a stake in Manila’s City of Dreams casino. Uy’s surge into the ranks of Philippine conglomerates was largely financed by borrowing. The governor was present at the launch of the book “Our Dennis Anthony H. Uy, Angeles City’s Own Mogul.” In his speech, Uy, not to be confused with Davao-based Dennis Uy of Udenna Group, spoke about his dream of creating a “digital transformation highway” in the whole Luzon island. Uy said his aggressive expansion under Duterte is partly from confidence that the president has created a level playing that allows an outsider like him to do business. “He isn’t involved in any of our deals. --oo0oo-- Jose “Kuya Jay” Pelayo IV is the president of Metro Angeles City Journalists Association, Inc. and the … For feedback, complaints, or inquiries, contact us. newsinfo Water remains our saving grace right now. The latest harebrained idea is for policemen to go house-to-house in search of coronavirus patients and compel them to be confined in government-run quarantine facilities. Haven’t these stupes heard of aerodynamics, which means that the barrier would cause the wind to impede the speed of the motorcycle and outbalance the vehicle? The carrier’s largest shareholders include JG Summit Holdings, Inc., the banking, aviation and retail conglomerate now run by Lance Gokongwei, founder John Gokongwei Jr.’s son. 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