From being a maintenance boy in his uncle’s supermarket, Dennis Anthony Uy rose to become the founder of Converge ICT Solutions, one of the Philippines’ largest operators of high-speed internet. Like the rags-to-riches life story of Henry Sy Sr., Dennis’ family also migrated to the Philippines from China in 1978. He was 11 years old when he arrived in the country, along with h...
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DESPITE the effect of rising fuel costs on consumer demand, the new chief of the central bank is optimistic that the Philippine gross domestic product (GDP) growth would reach at least the lower end of the government's objective this year. "It will be difficult to match 8.3 percent [economic growth] in the first quarter because of higher base effects. But at the same time, I...
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Iloilo City residents will soon enjoy a stable source of clean energy with ultra bilyonaryo Enrique Razon-led More Electric and Power Corp. signing a 20-megawatt (MW) mid-merit supply from Energy Development Corp. The five-year power supply deal, which starts on July 25, will come from EDC’s Unified Leyte Geothermal Power Plant, one of the company’s most extensive geothermal facilit...
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MANILA, Philippines — As the global economy climbs out of the COVID-19-induced slowdown, investors are discovering new gems in the Asian property landscape, which has seen tectonic shifts in the aftermath of the pandemic. Foremost among these is the Philippines, site of a landmark project by two leading property developers in the region: Hongkong Land and Robinsons Land Corporation. Drawi...
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THE real estate arm of the ICCP Group, Pueblo de Oro Development Corp. (PDO), is on track to complete its 27.4-hectare township in Lapu-Lapu City as it launched another residential project in the area. PDO recently inaugurated the 3.7-hectare Park Place II in Barangay Babag, Lapu-Lapu City, the third exclusive subdivision in the Cebu township now dubbed as “Pueblo de Oro Townscapes Mactan...
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CEBU CITY – Seeing post-pandemic full business potentials, a Cebu-based real estate developer is looking to deepen its investments in the Visayas and Mindanao to support the continued economic recovery in these regions. Jose Soberano III, Cebu Landmasters Inc. (CLI) chairman and chief executive officer, on Tuesday said during the company's annual stockholders meeting that t...
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