Friday, May 1, 2026
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Tag: Enrique Razon

ICTSI raises 2026 expansion budget to $740 million after record year

International Container Terminal Services Inc. (ICTSI) announced Thursday it increased its capital expenditure allocation for 2026 to $740 million to fund a global wave...

Bloomberry cuts costs amid gaming slump

Casino and hotel operator Bloomberry Resorts Corp. is cutting costs and reining in spending as it prepares for another difficult year driven by weak...

ICTSI exits China port, sells P6.8-b Yantai stake

International Container Terminal Services Inc. (ICTSI) on Wednesday announced it has completed the sale of its 51 percent stake in China’s Yantai International Container...

Prime Infrastructure joins Navotas fire fight

Navotas Mayor John Rey Tiangco said Wednesday that Prime Infrastructure Capital Inc., a company led by tycoon Enrique Razon Jr., has dispatched two tugboats...

Malampaya gas project cuts PH reliance on imports

The government’s push for domestic energy production has reached a critical milestone with the successful drilling of new wells at the Malampaya gas field,...

Prime Energy on track for first gas from new Malampaya wells by fourth quarter of 2026

Prime Energy, the operator of the Malampaya gas-to-power project, said Thursday it is on track to deliver first gas from its Phase 4 development...

Prime Infra acquires Carlyle’s stake in Colombia’s SierraCol Energy

Prime Infrastructure Capital Inc. has acquired the entire stake of global investment firm Carlyle in Colombia’s SierraCol Energy Ltd., marking An international expansion into...

Bloomberry Resorts incurred P2.6-billion net loss in 2025

Hotel and casino operator Bloomberry Resorts Corp. reported a net loss of P2.6 billion in 2025, a sharp reversal from its P2.6-billion net income...

Barzaga apologizes to Razon

Embattled Dasmariñas City Rep. Francisco Barzaga apologized to businessman Enrique Razon for linking him to the House of Representatives. Barzaga said he was “sorry” for...

NUP seeks ouster of Barzaga, to file more cases—Puno

The National Unity Party (NUP) is pushing for the possible expulsion of Dasmariñas City Rep. Francisco Barzaga from the House of Representatives, even as...

Razon files cyberlibel rap vs. Barzaga

Business tycoon Enrique Razon, chairman of port operator International Container Terminal Services Inc. (ICTSI), has lodged a cyberlibel complaint against Cavite 4th District Rep....

DENR, Prime Infra sign agreement on water security, watershed monitoring

The Department of Environment and Natural Resources (DENR) and Prime Infrastructure Inc. (Prime Infra) have teamed up on a watershed monitoring initiative to strengthen...

Primelectric announces lower Visayas power rates

Primelectric Holdings Inc. (PHI), led by businessman Enrique Razon, announced power rate reductions for June 2025 across its utility subsidiaries in the Visayas region...

First Gen sells 60% of gas business to Razon Group for P50b

Prime Infrastructure Capital Inc. (Prime Infra) agreed to acquire a 60-percent stake in First Gen Corp.'s (First Gen) natural gas business for P50 billion,...
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