The Philippine Stock Exchange gathered corporate leaders on Tuesday night to honor International Container Terminal Services Inc. as the first domestic listed company to achieve that milestone.
Tycoon Enrique Razon Jr. has brought one of the global energy industry’s most experienced executives onto the board of Prime Infra as the company expands its reach beyond the Philippines.
Even among the Philippines’ richest, the wealth gap appears to be widening. Enrique Razon Jr. retained the top spot in the 2026 Forbes Philippines’ 50 Richest list with an estimated net worth of $21.8 billion.
Shares of tycoon Enrique Razon Jr.-backed Bloomberry Resorts Corp. surged 22.11 percent on Monday after investors cheered the casino operator’s biggest digital gaming investment yet, boosting hopes that online gambling will become a bigger earnings driver.
The head of the Philippine Stock Exchange has seen companies come and go. Losing one particular firm, however, might be enough to keep him awake at night.
Enrique Razon Jr.-owned Primelectric Holdings Inc. said it is relying on cheaper power supply contracts and market efficiencies to keep electricity rates competitive across its Visayas franchise areas despite volatility in global fuel markets. All three of its distribution utilities in Iloilo, Negros, and Bohol provinces implemented lower electricity rates this month, making them among the lowest in the region.
Energy prices will remain “high” until the Middle East conflict is settled, tycoon Enrique Razon Jr. warned, with Asia bearing the brunt of supply disruptions and rising costs.
Eight major Philippine banks have joined forces to fund one of the country’s largest infrastructure deals, backing Prime Infrastructure Capital Inc.’s pumped storage hydropower projects.
Tycoon Enrique K. Razon Jr. is buying Colombia’s largest independent oil producer in his first major overseas energy deal, marking a step toward taking his energy ambitions global.